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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities    
Net (loss) income $ (180) $ 45
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 54 60
Equity compensation expense 24 28
Deferred income taxes 0 2
Impairment of assets 0 97
Changes to lease related balances, net (24) (16)
Tax deficit (benefit) on exercise of share options 5 2
Amortization of deferred financing costs 1 1
Foreign currency (gains) losses (3) 2
Other non-cash charges (6) 0
Change in assets and liabilities:    
Receivables, net 131 73
Inventories, net (119) (63)
Prepaid expenses and other current assets 15 (32)
Accounts payable 167 (8)
Accrued expenses and other current liabilities 0 (51)
Other long-term assets and liabilities 2 18
Net cash provided by operating activities 67 158
Cash flows from investing activities    
Capital expenditures (32) (54)
Cash paid for business acquisitions, net of cash acquired 0 (1)
Settlement of a net investment hedge 0 23
Net cash used in investing activities (32) (32)
Cash flows from financing activities    
Debt borrowings 396 390
Debt repayments (811) (526)
Debt issuance costs (4) 0
Purchase of treasury shares (1) (2)
Net cash used in financing activities (420) (138)
Effect of exchange rate changes on cash and cash equivalents 0 0
Net decrease in cash and cash equivalents (385) (12)
Beginning of period 592 172
End of period 207 160
Supplemental disclosures of cash flow information    
Cash paid for interest 20 30
Cash received, net of cash paid, for income taxes (6) 12
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 20 $ 23