SUPPLY CHAIN FINANCING PROGRAM |
9 Months Ended |
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Dec. 28, 2024 | |
| Receivables [Abstract] | Ìý |
| SUPPLY CHAIN FINANCING PROGRAM | SUPPLY CHAIN FINANCING PROGRAM ÂÒÂ×°ÍÊ¿ facilitates a voluntary supply chain finance ("SCF") program that enables a significant portion of our inventory suppliers to leverage ÂÒÂ×°ÍÊ¿'s credit rating to receive payment from participating financial institutions prior to the payment date specified in the terms between ÂÒÂ×°ÍÊ¿ and the supplier. The SCF program is administered through third-party platforms that allow participating suppliers to track payments from ÂÒÂ×°ÍÊ¿ and elect which receivables, if any, to sell to the financial institutions. The transactions are at the sole discretion of both the suppliers and financial institutions, and ÂÒÂ×°ÍÊ¿ is not a party to the agreements and has no economic interest in the supplier's decision to sell a receivable. The terms between ÂÒÂ×°ÍÊ¿ and the supplier, including the amount due and scheduled payment terms (which are generally within 90 days of the invoice date), are not impacted by a supplier's participation in the SCF program. All amounts due to suppliers that are eligible to participate in the SCF program are included in the accounts payable line item in ÂÒÂ×°ÍÊ¿'s Consolidated Balance Sheets and ÂÒÂ×°ÍÊ¿ payments made under the SCF program are reflected in cash flows from operating activities in ÂÒÂ×°ÍÊ¿'s Consolidated Statements of Cash Flows. At December 2024, March 2024 and December 2023, the accounts payable line item in ÂÒÂ×°Íʿ’s Consolidated Balance Sheets included total outstanding obligations of $661.4Ìýmillion, $485.0Ìýmillion and $599.0Ìýmillion, respectively, due to suppliers that are eligible to participate in the SCF program.
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