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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash flows from operating activities    
Net (loss) income $ (59) $ 118
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 108 125
Share based compensation expense 41 49
Deferred income taxes 15 (8)
Impairment of assets 22 201
Changes to lease related balances, net (58) (26)
Tax deficit on exercise of share options 5 2
Amortization of deferred financing costs 2 3
Foreign currency (gains) losses (3) 6
Other non-cash charges (2) 0
Change in assets and liabilities:    
Receivables, net (29) 8
Inventories, net (73) (141)
Prepaid expenses and other current assets 49 (86)
Accounts payable 115 32
Accrued expenses and other current liabilities 3 (52)
Other long-term assets and liabilities 1 12
Net cash provided by operating activities 137 243
Cash flows from investing activities    
Capital expenditures (59) (105)
Cash paid for asset acquisitions (12) (1)
Settlement of net investment hedges 0 31
Net cash used in investing activities (71) (75)
Cash flows from financing activities    
Debt borrowings 955 1,325
Debt repayments (1,371) (1,480)
Debt issuance costs (4) 0
Purchase of treasury shares (1) (2)
Net cash used in financing activities (421) (157)
Effect of exchange rate changes on cash and cash equivalents 1 (4)
Net (decrease) increase in cash and cash equivalents (354) 7
Beginning of period 592 172
End of period 238 179
Supplemental disclosures of cash flow information    
Cash paid for interest 28 45
Net cash (received) paid for income taxes (44) 62
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 17 $ 27