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Common Stock Repurchase Program
3 Months Ended
Jul. 02, 2016
Stockholders' Equity Note [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. On November 17, 2014, the Board authorized the repurchase of $800.0 million of the Company's common stock (2014 Repurchase Program). On May 16, 2016, the Board authorized the repurchase of up to $1.0 billion of the Company's common stock and debentures (2016 Repurchase Program). The 2014 and 2016 Repurchase Programs have no stated expiration date.

Through July 2, 2016, the Company had used $696.0 million of the $800.0 million authorized under the 2014 Repurchase Program, and none of the $1.0 billion authorized under the 2016 Repurchase Program, leaving $1.1 billion available for future repurchases. The Company’s current policy is to retire all repurchased shares, and consequently, no treasury shares were held as of July 2, 2016 and April 2, 2016.

During the first quarter of fiscal 2017, the Company repurchased 2.2 million shares of common stock for a total of $100.2 million and during the first quarter of fiscal 2016, the Company also repurchased 2.2 million shares of common stock for a total of $100.0 million.