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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Apr. 02, 2022
Mar. 27, 2021
Mar. 28, 2020
Cash flows from operating activities      
Net income (loss) $ 823 $ (63) $ (225)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 193 212 249
Share-based compensation expense 85 71 70
Impairment of assets 83 316 708
Credit losses 7 (3) 29
Deferred income taxes (57) (70) (73)
Changes to lease related balances, net (142) (112) (55)
Amortization of deferred financing costs 6 6 8
Tax (benefit) deficit on exercise of share options (4) 4 2
Foreign currency (gains) losses 0 (15) 11
Other non-cash charges 1 0 3
Change in assets and liabilities:      
Receivables, net (78) (52) 42
Inventories, net (386) 145 115
Prepaid expenses and other current assets 14 (31) 20
Accounts payable 69 50 63
Accrued expenses and other current liabilities 30 153 (95)
Other long-term assets and liabilities 60 13 (13)
Net cash provided by operating activities 704 624 859
Cash flows from investing activities      
Capital expenditures (131) (111) (223)
Cash paid for asset/business acquisitions, net of cash acquired 0 (13) (13)
Settlement of net investment hedges 189 0 298
Net cash provided by (used in) investing activities 58 (124) 62
Cash flows from financing activities      
Debt borrowings 945 2,443 2,282
Debt repayments (1,132) (3,311) (2,676)
Debt issuance costs 0 (4) (1)
Repurchase of ordinary shares (661) (1) (102)
Exercise of employee share options 17 3 0
Other financing activities 31 0 0
Net cash used in financing activities (800) (870) (497)
Effect of exchange rate changes on cash and cash equivalents (24) 12 (4)
Net (decrease) increase in cash, cash equivalents and restricted cash (62) (358) 420
Beginning of period 234 592 172
End of period 172 234 592
Supplemental disclosures of cash flow information      
Cash paid for interest 37 52 80
Cash paid for income taxes 43 45 98
Supplemental disclosure of non-cash investing and financing activities      
Accrued capital expenditures $ 39 $ 17 $ 30