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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Apr. 02, 2016
Cash flows from operating activities      
Net income $ 592.1 $ 551.5 $ 837.7
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 208.6 219.8 183.2
Equity compensation expense 49.6 33.9 48.4
Impairment of long-lived assets 32.7 199.2 10.9
Losses on store lease exits 29.0 0.0 0.0
Deferred income taxes 9.1 (60.3) (1.9)
Loss on disposal of fixed assets 4.5 3.4 2.8
Amortization of deferred financing costs 4.4 0.9 0.9
Tax benefits on exercise of share options (7.3) (6.6) (21.1)
Amortization of deferred rent (4.0) 9.2 2.6
Foreign currency (gains) losses (13.3) 2.6 4.8
Gain on acquisition of MK Korea 0.0 0.0 (3.7)
Other non-cash adjustments 0.0 0.0 2.9
Change in assets and liabilities:      
Receivables, net 19.3 59.6 52.5
Inventories 46.0 20.6 (16.3)
Prepaid expenses and other current assets 49.1 (0.9) (5.3)
Other assets (4.8) (7.9) (0.4)
Accounts payable (20.9) 37.5 14.2
Accrued expenses and other current liabilities 56.3 (54.4) 125.6
Other long-term liabilities 12.1 26.5 11.7
Net cash provided by operating activities 1,062.5 1,034.6 1,249.5
Cash flows from investing activities      
Capital expenditures (120.4) (164.8) (369.2)
Purchase of intangible assets (3.2) (5.5) (11.4)
Investment in joint venture 0.0 0.0 (1.0)
Cash paid for business acquisitions, net of cash acquired (1,414.5) (480.6) 0.5
Realized gain on hedge related to Jimmy Choo acquisition 4.7 0.0 0.0
Net cash used in investing activities (1,533.4) (650.9) (381.1)
Cash flows from financing activities      
Debt borrowings 2,520.3 1,240.0 192.6
Debt repayments (1,783.2) (1,093.8) (199.8)
Repurchase of treasury shares (361.0) (1,004.8) (1,152.4)
Exercise of employee share options 13.7 8.4 12.7
Payment of deferred financing costs 0.0 0.0 (2.4)
Other financing activities (0.2) 0.0 (0.1)
Net cash provided by (used in) financing activities 389.6 (850.2) (1,149.4)
Effect of exchange rate changes on cash and cash equivalents 15.1 (5.9) 4.1
Net decrease in cash and cash equivalents (66.2) (472.4) (276.9)
Beginning of period 229.6 702.0 978.9
End of period (including restricted cash of $0.3 million at March 31, 2018 and $1.9 million at April 1, 2017) 163.4 229.6 702.0
Supplemental disclosures of cash flow information      
Cash paid for interest 11.0 3.5 1.5
Cash paid for income taxes 103.5 171.1 273.0
Supplemental disclosure of noncash investing and financing activities      
Accrued capital expenditures $ 26.3 $ 22.8 $ 33.6