Fair Value Measurements (Tables)

6 Months Ended

Sep. 29, 2018

Fair Value Disclosures [Abstract]

Schedule of Contracts Measured and Recorded at Fair Value on Recurring and Categorized in Level 2 of Fair Value Hierarchy

All contracts are measured and recorded at fair value on a recurring basis and are categorized in Level 2 of the fair value hierarchy, as shown in the following table (in millions):

	Fair value at September 29, 2018 using:						Fair value at March 31, 2018 using:
	Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Derivative assets:
Forward foreign currency exchange contracts	$	—	$	4.3	$	—	$	—	$	—	$	—
Net investment hedges	—		6.2		—		—		—		—
Total derivative assets	$	—	$	10.5	$	—	$	—	$	—	$	—
Derivative liabilities:
Forward foreign currency exchange contracts	$	—	$	30.8	$	—	$	—	$	7.7	$	—
Net investment hedges	—		1.6		—		—		—		—
Total derivative liabilities	$	—	$	32.4	$	—	$	—	$	7.7	$	—

Fair Value Measurement of Long-term Debt

The following table summarizes the carrying values and estimated fair values of the Company’s short- and long-term debt, based on Level 2 measurements (in millions):

	September 29, 2018				March 31, 2018
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
4.000% Senior Notes	$	444.9	$	430.1	$	444.5	$	448.1
Term Loan	$	58.8	$	59.4	$	229.0	$	231.2
Revolving Credit Facilities	$	255.0	$	255.0	$	200.0	$	200.0

Schedule of Long-lived Assets, Nonrecurring

The following tables detail the carrying values and fair values of the Company’s long-lived assets that have been impaired (in millions):

	Three Months Ended September 29, 2018						Six Months Ended September 29, 2018
	Carrying Value Prior to Impairment		Fair Value		Impairment Charge		Carrying Value Prior to Impairment		Fair Value		Impairment Charge
Fixed Assets	$	8.8	$	3.1	$	5.7	$	14.2	$	4.8	$	9.4
Lease Rights	2.0		0.7		1.3		3.4		1.5		1.9
Total	$	10.8	$	3.8	$	7.0	$	17.6	$	6.3	$	11.3

	Three Months Ended September 30, 2017						Six Months Ended September 30, 2017
	Carrying Value Prior to Impairment		Fair Value		Impairment Charge		Carrying Value Prior to Impairment		Fair Value		Impairment Charge
Fixed Assets	$	13.4	$	1.5	$	11.9	$	13.4	$	1.5	$	11.9
Lease Rights	3.6		0.2		3.4		3.6		0.2		3.4
Customer Relationships	1.0		—		1.0		1.0		—		1.0
Total	$	18.0	$	1.7	$	16.3	$	18.0	$	1.7	$	16.3