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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Mar. 27, 2021
Cash flows from operating activities      
Net income (loss) $ 619 $ 823 $ (63)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 179 193 212
Share-based compensation expense 78 85 71
Impairment of assets 142 83 316
Deferred income taxes (101) (57) (70)
Changes to lease related balances, net (99) (142) (112)
Foreign currency losses (gains) 28 0 (15)
Other non-cash charges 7 10 7
Change in assets and liabilities:      
Receivables, net 50 (78) (52)
Inventories, net 13 (386) 145
Prepaid expenses and other current assets (8) 14 (31)
Accounts payable (100) 69 50
Accrued expenses and other current liabilities (9) 30 153
Other long-term assets and liabilities (28) 60 13
Net cash provided by operating activities 771 704 624
Cash flows from investing activities      
Capital expenditures (226) (131) (111)
Cash paid for asset/business acquisitions, net of cash acquired 0 0 (13)
Settlement of net investment hedges 409 189 0
Net cash provided by (used in) investing activities 183 58 (124)
Cash flows from financing activities      
Debt borrowings 4,061 945 2,443
Debt repayments (3,474) (1,132) (3,311)
Debt issuance costs (5) 0 (4)
Repurchase of ordinary shares (1,364) (661) (1)
Exercise of employee share options 6 17 3
Other financing activities 0 31 0
Net cash used in financing activities (776) (800) (870)
Effect of exchange rate changes on cash and cash equivalents (94) (24) 12
Net increase (decrease) in cash, cash equivalents and restricted cash 84 (62) (358)
Beginning of period 172 234 592
End of period 256 172 234
Supplemental disclosures of cash flow information      
Cash paid for interest 58 37 52
Cash paid for income taxes 133 43 45
Supplemental disclosure of non-cash investing and financing activities      
Accrued capital expenditures $ 33 $ 39 $ 17