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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 323.3 $ 328.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 108.6 95.9
Equity compensation expense 26.4 21.1
Deferred income taxes 12.8 5.6
Impairment of long-lived assets 11.3 16.3
Tax (benefit) deficit on exercise of share options (23.0) 0.1
Amortization of deferred financing costs 1.6 0.5
Foreign currency losses (gains) 5.5 (5.0)
Other non-cash charges 2.9 2.2
Change in assets and liabilities:    
Receivables, net (55.4) (2.4)
Inventories (126.1) (128.4)
Prepaid expenses and other current assets (68.0) (22.7)
Accounts payable 10.0 (4.6)
Accrued expenses and other current liabilities 12.2 21.2
Other long-term assets and liabilities 21.6 1.1
Net cash provided by operating activities 263.7 329.1
Cash flows from investing activities    
Capital expenditures (89.8) (57.9)
Purchase of intangible assets (0.7) 0.0
Unrealized loss (gain) on hedge related to acquisitions 30.4 (36.7)
Cash paid for business acquisitions, net of cash acquired (1.8) (1.4)
Net cash used in investing activities (61.9) (96.0)
Cash flows from financing activities    
Debt borrowings 809.9 632.9
Debt repayments (925.2) (766.0)
Repurchase of treasury shares (107.1) (160.9)
Exercise of employee share options 20.4 3.0
Other financing activities 0.0 (0.1)
Net cash used in financing activities (202.0) (291.1)
Effect of exchange rate changes on cash and cash equivalents (7.7) 6.6
Net decrease in cash and cash equivalents and restricted cash (7.9) (51.4)
Beginning 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
End of period (including restricted cash of $0.3 million at September 29, 2018) 155.5 178.2
Supplemental disclosures of cash flow information    
Cash paid for interest 16.1 2.2
Cash paid for income taxes 97.8 70.9
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 23.1 $ 15.9