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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Cash flows from operating activities    
Net income (loss) $ 419 $ (59)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 99 108
Share based compensation expense 56 41
Deferred income taxes (27) 15
Impairment of assets 33 22
Changes to lease related balances, net (67) (58)
Tax (benefit) expense on exercise of share options (3) 5
Amortization of deferred financing costs 3 2
Foreign currency gains (7) (3)
Credit losses (1) (2)
Change in assets and liabilities:    
Receivables, net 15 (29)
Inventories, net (133) (73)
Prepaid expenses and other current assets (12) 49
Accounts payable (8) 115
Accrued expenses and other current liabilities 20 3
Other long-term assets and liabilities 9 1
Net cash provided by operating activities 396 137
Cash flows from investing activities    
Capital expenditures (48) (59)
Cash paid for asset acquisitions 0 (12)
Net cash used in investing activities (48) (71)
Cash flows from financing activities    
Debt borrowings 159 955
Debt repayments (360) (1,371)
Debt issuance costs 0 (4)
Repurchase of ordinary shares (160) (1)
Exercise of employee share options 11 0
Other financing activities 8 0
Net cash used in financing activities (342) (421)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3) 1
Net increase (decrease) in cash, cash equivalents and restricted cash 3 (354)
Beginning of period 234 592
End of period 237 238
Supplemental disclosures of cash flow information    
Cash paid for interest 22 28
Net cash paid (received) for income taxes 28 (44)
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 16 $ 17