Three Months Ended | Fiscal Years Ended(a) | |||||||||||||||||||||||
June 30, 2018 | March 31, 2018 | April 1, 2017 | April 2, 2016 | March 28, 2015 | March 29, 2014 | |||||||||||||||||||
(millions) | ||||||||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||
Income (loss) before income taxes | $ | 132.9 | $ | 489.2 | $ | (104.9 | ) | $ | 551.8 | $ | 987.4 | $ | 1,095.8 | |||||||||||
Add: | ||||||||||||||||||||||||
Equity in losses (income) of equity-method investees | (0.5 | ) | 4.5 | 5.2 | 10.9 | 11.5 | 9.4 | |||||||||||||||||
Fixed charges | 41.8 | 165.9 | 165.9 | 178.4 | 172.0 | 170.2 | ||||||||||||||||||
Earnings available to cover fixed charges | $ | 174.2 | $ | 659.6 | $ | 66.2 | $ | 741.1 | $ | 1,170.9 | $ | 1,275.4 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 4.4 | $ | 18.2 | $ | 12.4 | $ | 21.0 | $ | 16.7 | $ | 18.7 | ||||||||||||
Interest component of rent expense | 37.4 | 147.7 | 153.5 | 157.4 | 155.3 | 151.5 | ||||||||||||||||||
Total fixed charges | $ | 41.8 | $ | 165.9 | $ | 165.9 | $ | 178.4 | $ | 172.0 | $ | 170.2 | ||||||||||||
Ratio of earnings to fixed charges(b) | 4.2 | 4.0 | 0.4 | 4.2 | 6.8 | 7.5 | ||||||||||||||||||
(a) | The fiscal year ended April 2, 2016 consisted of 53 weeks. All other fiscal years presented consisted of 52 weeks. |
(b) | All ratios have been calculated using unrounded numbers. |