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NET INCOME PER CLASS A COMMON SHARE (Tables)
6 Months Ended
Sep. 11, 2021
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The components of basic and diluted net income per Class A common share were as follows (in millions, except per share data):
12 weeks ended28 weeks ended
September 11,
2021
September 12,
2020
September 11,
2021
September 12,
2020
Basic net income per Class A common share
Net income$295.2 $284.5 $740.0 $870.7 
Accrued dividends on Convertible Preferred Stock(27.3)(26.9)(63.7)(30.8)
Earnings allocated to Convertible Preferred Stock(11.0)(9.0)(84.2)(9.0)
Net income allocated to Class A common stockholders - Basic$256.9 $248.6 $592.1 $830.9 
Weighted average Class A common shares outstanding - Basic (1)465.3 477.3 465.2 529.2 
Basic net income per Class A common share$0.55 $0.52 $1.27 $1.57 
Diluted net income per Class A common share
Net income allocated to Class A common stockholders - Basic$256.9 $248.6 $592.1 $830.9 
Accrued dividends on Convertible Preferred Stock27.3 26.9 — 30.8 
Earnings allocated to Convertible Preferred Stock11.0 9.0 — 9.0 
Net income allocated to Class A common stockholders - Diluted$295.2 $284.5 $592.1 $870.7 
Weighted average Class A common shares outstanding - Basic (1)465.3 477.3 465.2 529.2 
Dilutive effect of:
   Restricted stock units and awards6.1 4.0 5.4 4.3 
   Convertible Preferred Stock (2)101.6 101.6 — 49.8 
Weighted average Class A common shares outstanding - Diluted (3)573.0 582.9 470.6 583.3 
Diluted net income per Class A common share$0.52 $0.49 $1.26 $1.49 
(1) There were 0.3 million Class A common shares remaining to be issued for the 12 and 28 weeks ended September 11, 2021 compared to 0.4 million Class A common shares remaining to be issued for the 12 and 28 weeks ended September 12, 2020.
(2) Reflects the number of shares of Convertible Preferred Stock issued, if converted into common stock for the period outstanding. For the 28 weeks ended September 11, 2021, 101.6 million potential common shares outstanding related to Convertible Preferred Stock were antidilutive.
(3) There were no potential Class A common shares outstanding related to RSUs and RSAs that were antidilutive for the 12 and 28 weeks ended September 11, 2021. There were no potential Class A common shares outstanding related to RSUs and RSAs that were antidilutive for the 12 and 28 weeks ended September 12, 2020.