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NET INCOME PER CLASS A COMMON SHARE (Tables)
6 Months Ended
Sep. 09, 2023
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 9,
2023
September 10,
2022
September 9,
2023
September 10,
2022
Basic net income per Class A common share
Net income$266.9 $342.7 $684.1 $826.9 
Accrued dividends on Convertible Preferred Stock— (10.4)(0.3)(24.1)
Earnings allocated to Convertible Preferred Stock— (8.8)(0.6)(52.6)
Net income allocated to Class A common stockholders - Basic$266.9 $323.5 $683.2 $750.2 
Weighted average Class A common shares outstanding - Basic (1)576.0 531.9 574.7 521.3 
Basic net income per Class A common share$0.46 $0.61 $1.19 $1.44 
Diluted net income per Class A common share
Net income allocated to Class A common stockholders - Basic$266.9 $323.5 $683.2 $750.2 
Accrued dividends on Convertible Preferred Stock— 10.4 — — 
Earnings allocated to Convertible Preferred Stock— 8.8 — — 
Net income allocated to Class A common stockholders - Diluted$266.9 $342.7 $683.2 $750.2 
Weighted average Class A common shares outstanding - Basic (1)576.0 531.9 574.7 521.3 
Dilutive effect of:
Restricted stock units and awards5.9 4.5 5.6 4.6 
Convertible Preferred Stock (2)— 39.9 — — 
Weighted average Class A common shares outstanding - Diluted (3)581.9 576.3 580.3 525.9 
Diluted net income per Class A common share$0.46 $0.59 $1.18 $1.43 
(1) The number of Class A common shares remaining to be issued for the 12 and 28 weeks ended September 9, 2023 and September 10, 2022 were not material.
(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 9, 2023 and September 10, 2022, 0.6 million and 49.1 million potential common shares outstanding related to Convertible Preferred Stock were antidilutive, respectively.
(3) The number of potential Class A common shares outstanding related to RSUs and RSAs that were antidilutive for the 12 and 28 weeks ended September 9, 2023 and September 10, 2022 were not material.