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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Cash flows from operating activities    
Net income $ 118 $ 323
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 125 109
Equity compensation expense 49 26
Deferred income taxes (8) 13
Impairment of long-lived assets 201 11
Changes to lease related balances, net (26)  
Tax deficit (benefit) on exercise of share options 2 (23)
Amortization of deferred financing costs 3 2
Foreign currency losses 6 5
Other non-cash charges 0 3
Change in assets and liabilities:    
Receivables, net 8 (55)
Inventories, net (141) (126)
Prepaid expenses and other current assets (86) (68)
Accounts payable 32 10
Accrued expenses and other current liabilities (52) 12
Other long-term assets and liabilities 12 22
Net cash provided by operating activities 243 264
Cash flows from investing activities    
Capital expenditures (105) (90)
Purchase of intangible assets 0 (1)
Unrealized loss on hedge related to acquisitions 0 31
Cash paid for business acquisitions, net of cash acquired (1) (2)
Settlement of a net investment hedges 31 0
Net cash used in investing activities (75) (62)
Cash flows from financing activities    
Debt borrowings 1,325 810
Debt repayments (1,480) (925)
Repurchase of treasury shares (2) (107)
Exercise of employee share options 0 20
Net cash used in financing activities (157) (202)
Effect of exchange rate changes on cash and cash equivalents (4) (8)
Net increase (decrease) in cash and cash equivalents 7 (8)
Beginning of period 172 163
End of period 179 155
Supplemental disclosures of cash flow information    
Cash paid for interest 45 16
Cash paid for income taxes 62 98
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 27 $ 23