XML 116 R94.htm IDEA: XBRL DOCUMENT v3.23.1
Taxes - Significant Differences Between United States Federal Statutory Tax Rate and Company's Effective Tax Rate (Details) - USD ($)
$ in Millions
12 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Mar. 27, 2021
Amount      
Provision for income taxes at the U.K. statutory tax rate $ 123 $ 174 $ 1
Effective Income Tax Reconciliation, Global Financing Activities, Amount (78) (61) (24)
Effect of changes in valuation allowances on deferred tax assets (37) (67) 24
Liability for uncertain tax positions (3) 91 11
Differences in tax effects on foreign income (1) 10 13
Non-deductible goodwill impairment 15 0 18
State and local income taxes, net of federal benefit 10 12 5
Share based compensation 6 3 6
Withholding tax 3 5 4
Brand tax basis step-up 0 (46) 0
CARES Act tax loss carryback 0 (43) 0
Tax rate change impact on deferred items 0 21 9
Other (9) (7) (1)
Total provision for income taxes $ 29 $ 92 $ 66
Percent      
Provision for income taxes at the U.K. statutory tax rate 19.00% 19.00% 19.00%
Effects of global financing arrangements (12.10%) (6.70%) (953.40%)
Effect of changes in valuation allowances on deferred tax assets (5.80%) (7.30%) 955.70%
Liability for uncertain tax positions (0.40%) 9.90% 414.20%
Differences in tax effects on foreign income (0.20%) 1.10% 522.40%
Non-deductible goodwill impairment 2.40% 0.00% 700.20%
State and local income taxes, net of federal benefit 1.50% 1.30% 201.50%
Share based compensation 0.90% 0.40% 247.70%
Withholding tax 0.50% 0.60% 165.00%
Brand tax basis step-up 0.00% (5.00%) 0.00%
CARES Act tax loss carryback 0.00% (4.60%) 0.00%
Tax rate change impact on deferred items 0.00% 2.10% 351.30%
Other (1.30%) (0.70%) (33.10%)
Effective tax rate 4.50% 10.10% 2590.50%