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Common Stock Repurchase Program
9 Months Ended
Dec. 27, 2014
Common Stock Repurchase Program [Abstract]  
Common Stock and Debentures Repurchase Program [Text Block]
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 up to $750.0 million of the Company’s common stock and debentures (2012 Repurchase Program). In November 2014, the Board authorized the repurchase of an additional $800.0 million of the Company's common stock (2014 Repurchase Program). The shares authorized for purchase under the 2014 Repurchase Program are in addition to the shares authorized for purchase under the 2012 Repurchase Program. The 2012 and 2014 Repurchase Programs have no stated expiration date.
Through December 27, 2014, the Company has used $727.6 million of the $750.0 million authorized under the 2012 Repurchase Program, and none of the $800.0 million authorized under the 2014 Repurchase Program, leaving $822.4 million available for future repurchases under the 2014 and 2012 Repurchase Program. The Company’s current policy is to retire all repurchased shares, and consequently, no treasury shares were held as of December 27, 2014 and March 29, 2014.

During the first nine months of fiscal 2015, the Company repurchased 11.0 million shares of common stock in the open market for a total of $475.0 million under the 2012 Repurchase Program. During the first nine months of fiscal 2014, the Company repurchased 3.7 million shares of common stock in the open market for a total of $167.1 million.