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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Dec. 31, 2016
Dec. 26, 2015
Cash flows from operating activities    
Net income $ 578.3 $ 661.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 162.5 132.7
Equity compensation expense 26.7 38.7
Deferred income taxes 3.6 (1.0)
Amortization of deferred rent 2.2 2.0
Loss on disposal of fixed assets 2.5 2.3
Impairment of long-lived assets 5.4 0.0
Amortization of deferred financing costs 0.6 0.6
Tax benefits on exercise of share options (6.4) (10.8)
Foreign currency losses 2.2 3.7
Loss on joint venture 0.0 1.0
Change in assets and liabilities:    
Receivables, net 73.6 55.1
Inventories (20.2) (65.6)
Prepaid expenses and other current assets (41.4) 34.2
Accounts payable 74.4 47.2
Accrued expenses and other current liabilities 5.4 50.0
Other 17.7 9.2
Net cash provided by operating activities 887.1 960.7
Cash flows from investing activities    
Capital expenditures (147.7) (290.2)
Purchase of intangible assets (5.6) (9.4)
Cash paid for business acquisition, net of cash acquired (480.6) 4.1
Equity method investments 0.0 (1.0)
Restricted Cash 1.1 0.0
Net cash used in investing activities (632.8) (296.5)
Cash flows from financing activities    
Proceeds from debt borrowings 361.8 192.5
Repayments of debt borrowings (199.6) (198.0)
Repurchases of treasury shares (754.8) (952.4)
Exercises of employee share options 8.0 6.5
Tax benefits on exercise of share options 6.4 10.8
Other financing activities 0.0 0.0
Net cash used in financing activities (578.2) (940.6)
Effect of exchange rate changes on cash and cash equivalents (9.3) (5.7)
Net decrease in cash and cash equivalents (333.2) (282.1)
Beginning of period 702.0 978.9
End of period 368.8 696.8
Supplemental disclosures of cash flow information    
Cash paid for interest 3.1 0.4
Cash paid for income taxes 164.7 205.8
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 36.2 $ 45.6