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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Mar. 30, 2019
Cash flows from operating activities      
Net (loss) income $ (63) $ (225) $ 542
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 212 249 225
Share-based compensation expense 71 70 60
Impairment of assets 316 708 21
Credit loss (3) 29 4
Losses on store lease exits 0 0 18
Deferred income taxes (70) (73) (71)
Changes to lease related balances, net (112) (55)  
Amortization of deferred financing costs 6 8 4
Tax deficit (benefit) on exercise of share options 4 2 (24)
Foreign currency (gains) losses (15) 11 80
Other non-cash charges 0 3 0
Change in assets and liabilities:      
Receivables, net (52) 42 (23)
Inventories, net 145 115 (125)
Prepaid expenses and other current assets (31) 20 (31)
Accounts payable 50 63 (48)
Accrued expenses and other current liabilities 153 (95) 20
Other long-term assets and liabilities 13 (13) 42
Net cash provided by operating activities 624 859 694
Cash flows from investing activities      
Capital expenditures (111) (223) (181)
Purchase of intangible assets 0 0 (3)
Cash paid for asset/business acquisitions, net of cash acquired (13) (13) (1,875)
Realized loss on hedge related to acquisitions 0 0 (77)
Settlement of net investment hedges 0 298 11
Net cash (used in) provided by investing activities (124) 62 (2,125)
Cash flows from financing activities      
Debt borrowings 2,443 2,282 4,204
Debt repayments (3,311) (2,676) (2,560)
Debt issuance costs (4) (1) (15)
Repurchase of common stock (1) (102) (207)
Exercise of employee share options 3 0 29
Net cash (used in) provided by financing activities (870) (497) 1,451
Effect of exchange rate changes on cash and cash equivalents 12 (4) (11)
Net (decrease) increase in cash, cash equivalents and restricted cash (358) 420 9
Beginning of period 592 172 163
End of period 234 592 172
Supplemental disclosures of cash flow information      
Cash paid for interest 52 80 45
Cash paid for income taxes 45 98 172
Supplemental disclosure of non-cash investing and financing activities      
Accrued capital expenditures $ 17 $ 30 $ 25