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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash flows from operating activities:    
Net income (loss) $ (166.8) $ 299.2
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 125.2 132.8
Deferred income tax benefit (86.9) (15.4)
Non-cash stock-based compensation expense 34.6 50.8
Non-cash impairment of assets 33.1 7.3
Bad debt expense (benefit) (25.4) 1.5
Other non-cash charges (benefits) (2.1) 1.6
Changes in operating assets and liabilities:    
Accounts receivable (49.7) (91.0)
Inventories (129.3) (202.3)
Prepaid expenses and other current assets 11.1 (47.1)
Accounts payable and accrued liabilities 221.6 47.3
Income tax receivables and payables 12.8 17.1
Deferred income (2.0) 0.9
Other balance sheet changes 11.1 1.4
Net cash provided by (used in) operating activities (12.7) 204.1
Cash flows from investing activities:    
Capital expenditures (53.9) (130.6)
Purchases of investments (407.0) (571.6)
Proceeds from sales and maturities of investments 471.5 976.1
Acquisitions and ventures (0.5) 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 13.8 295.6
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
Repayments of long-term debt (300.0) 0.0
Payments of finance lease obligations (5.7) (7.7)
Payments of dividends (49.8) (101.9)
Repurchases of common stock, including shares surrendered for tax withholdings (35.5) (442.7)
Other financing activities (8.6) (0.7)
Net cash provided by (used in) financing activities 367.3 (553.0)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 23.6 (9.9)
Net increase (decrease) in cash, cash equivalents, and restricted cash 392.0 (63.2)
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 $ 2,021.8 $ 563.3