XML 12 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Common Stock Repurchase Program
6 Months Ended
Sep. 28, 2013
Common Stock Repurchase Program [Abstract]  
Common Stock Repurchase Program
Common Stock Repurchase Program
The Board of Directors has approved stock repurchase programs enabling the Company to repurchase its common stock in the open market or through negotiated transactions with independent financial institutions. In August 2012, the Board authorized the repurchase of an additional $750.0 million of the Company's common stock and debentures (2012 Repurchase Program). The 2012 Repurchase Program has no stated expiration date.
Through September 28, 2013, the Company had used $80.5 million of the $750.0 million authorized under the 2012 Repurchase Program, leaving $669.5 million available for future repurchases. The Company’s current policy is to retire all repurchased shares and debentures, and consequently, no treasury shares or debentures were held as of September 28, 2013 and March 30, 2013.

During the first six months of fiscal 2014, the Company repurchased 1.5 million shares of common stock in the open market for a total of $70.0 million. During the first six months of fiscal 2013, the Company repurchased 5.6 million shares of common stock for a total of $178.1 million.