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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities:    
Net income (loss) $ (127.7) $ 117.1
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 63.7 66.2
Deferred income tax benefit (66.9) (8.1)
Non-cash stock-based compensation expense 15.1 23.0
Non-cash impairment of assets 2.1 1.2
Bad debt expense (benefit) (16.5) 0.1
Other non-cash benefits 0.0 (2.0)
Changes in operating assets and liabilities:    
Accounts receivable 186.3 108.6
Inventories (29.0) (165.7)
Prepaid expenses and other current assets (37.4) (48.8)
Accounts payable and accrued liabilities (119.2) 82.9
Income tax receivables and payables 35.2 13.3
Deferred income 0.3 1.8
Other balance sheet changes 23.7 7.8
Net cash provided by (used in) operating activities (70.3) 197.4
Cash flows from investing activities:    
Capital expenditures (21.3) (49.4)
Purchases of investments (63.6) (173.5)
Proceeds from sales and maturities of investments 301.9 308.4
Acquisitions and ventures 0.0 0.9
Proceeds from sale of property 0.0 20.8
Settlement of net investment hedges 3.7 0.0
Net cash provided by investing activities 220.7 107.2
Cash flows from financing activities:    
Repayments of borrowings on credit facilities (475.0) 0.0
Proceeds from issuance of long-term debt 1,241.9 0.0
Payments of finance lease obligations (1.6) (4.9)
Payments of dividends (49.8) (48.8)
Repurchases of common stock, including shares surrendered for tax withholdings (33.9) (191.1)
Other financing activities (8.5) 0.0
Net cash provided by (used in) financing activities 673.1 (244.8)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 7.6 5.1
Net increase in cash, cash equivalents, and restricted cash 831.1 64.9
Cash, cash equivalents, and restricted cash at beginning of period 1,629.8 626.5
Cash, cash equivalents, and restricted cash at end of period $ 2,460.9 $ 691.4