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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Oct. 01, 2022
Sep. 25, 2021
Cash flows from operating activities    
Net income $ 427 $ 419
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 88 99
Share-based compensation expense 44 56
Deferred income taxes (1) (27)
Impairment of assets 11 33
Changes to lease related balances, net (54) (67)
Foreign currency loss (gain) 11 (7)
Other non-cash adjustments 3 (1)
Change in assets and liabilities:    
Receivables, net (38) 15
Inventories, net (170) (133)
Prepaid expenses and other current assets (66) (12)
Accounts payable (151) (8)
Accrued expenses and other current liabilities (33) 20
Other long-term assets and liabilities (32) 9
Net cash provided by operating activities 39 396
Cash flows from investing activities    
Capital expenditures (86) (48)
Settlement of net investment hedges 409 0
Net cash provided by (used in) investing activities 323 (48)
Cash flows from financing activities    
Debt borrowings 2,797 159
Debt repayments (2,345) (360)
Debt issuance costs (4) 0
Repurchase of ordinary shares (663) (160)
Exercise of employee share options 6 11
Other financing activities 0 8
Net cash used in financing activities (209) (342)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (106) (3)
Net increase in cash, cash equivalents and restricted cash 47 3
Beginning of period 172 234
End of period 219 237
Supplemental disclosures of cash flow information    
Cash paid for interest 28 22
Net cash paid for income taxes 80 28
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 43 $ 16