XML 22 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Mar. 31, 2018
Cash flows from operating activities      
Net (loss) income $ (225) $ 542 $ 592
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 249 225 208
Equity compensation expense 70 60 50
Impairment of assets 708 21 33
Bad debt expense 29 4 8
Losses on store lease exits 0 18 29
Deferred income taxes (73) (71) 9
Changes to lease related balances, net (55)    
Amortization of deferred financing costs 8 4 4
Tax deficit (benefit) on exercise of share options 2 (24) (7)
Foreign currency losses (gains) 11 80 (13)
Other non-cash charges 3 0 0
Change in assets and liabilities:      
Receivables, net 42 (23) 11
Inventories, net 115 (125) 46
Prepaid expenses and other current assets 20 (31) 49
Accounts payable 63 (48) (21)
Accrued expenses and other current liabilities (95) 20 56
Other long-term assets and liabilities (13) 42 8
Net cash provided by operating activities 859 694 1,062
Cash flows from investing activities      
Capital expenditures (223) (181) (120)
Purchase of intangible assets 0 (3) (3)
Cash paid for business acquisitions, net of cash acquired (13) (1,875) (1,415)
Realized (loss) gain on hedge related to acquisitions 0 (77) 5
Settlement of a net investment hedge 298 11 0
Net cash provided by (used in) investing activities 62 (2,125) (1,533)
Cash flows from financing activities      
Debt borrowings 2,282 4,204 2,520
Debt repayments (2,676) (2,560) (1,784)
Debt issuance costs (1) (15) 0
Purchase of treasury shares (102) (207) (361)
Exercise of employee share options 0 29 14
Net cash (used in) provided by financing activities (497) 1,451 389
Effect of exchange rate changes on cash and cash equivalents (4) (11) 15
Net increase (decrease) in cash and cash equivalents 420 9 (67)
Beginning of period 172 163 230
End of period 592 172 163
Supplemental disclosures of cash flow information      
Cash paid for interest 80 45 11
Cash paid for income taxes 98 172 104
Supplemental disclosure of non-cash investing and financing activities      
Accrued capital expenditures $ 30 $ 25 $ 26