XML 13 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Apr. 02, 2016
Current assets    
Cash and cash equivalents $ 368.8 $ 702.0
Receivables, net 252.4 307.9
Inventories 586.2 546.8
Prepaid expenses and other current assets 160.3 113.1
Total current assets 1,367.7 1,669.8
Property and equipment, net 771.0 758.2
Intangible assets, net 453.7 67.4
Goodwill 119.7 23.2
Deferred tax assets 20.8 24.5
Other assets 38.1 23.7
Total assets 2,771.0 2,566.8
Current liabilities    
Accounts payable 214.0 131.4
Accrued payroll and payroll related expenses 60.7 59.7
Accrued income taxes 47.3 51.6
Short-term debt 147.8 0.0
Accrued expenses and other current liabilities 202.0 192.8
Total current liabilities 671.8 435.5
Deferred rent 128.1 106.4
Deferred tax liabilities 89.0 3.5
Long-term debt 0.0 2.3
Other long-term liabilities 27.6 19.6
Total liabilities 916.5 567.3
Commitments and contingencies
Shareholders’ equity    
Ordinary shares, no par value; 650,000,000 shares authorized; 209,293,238 shares issued and 162,435,864 outstanding at December 31, 2016; 208,084,175 shares issued and 176,441,891 outstanding at April 2, 2016 0.0 0.0
Treasury shares, at cost (46,857,374 shares at December 31, 2016 and 31,642,284 shares at April 2, 2016) (2,404.9) (1,650.1)
Additional paid-in capital 760.0 718.9
Accumulated other comprehensive loss (90.1) (80.9)
Retained earnings 3,587.1 3,007.8
Total shareholders’ equity of MKHL 1,852.1 1,995.7
Noncontrolling interest 2.4 3.8
Total equity 1,854.5 1,999.5
Total liabilities and shareholders’ equity $ 2,771.0 $ 2,566.8