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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Cash flows from operating activities    
Net income $ 138 $ 427
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 93 88
Share-based compensation expense 47 44
Deferred income taxes (4) (1)
Impairment of assets 20 11
Changes to lease related balances, net (59) (54)
Foreign currency loss 16 11
Other non-cash adjustments 8 3
Change in assets and liabilities:    
Receivables, net (23) (38)
Inventories, net (70) (170)
Prepaid expenses and other current assets (80) (66)
Accounts payable (112) (151)
Accrued expenses and other current liabilities (57) (33)
Other long-term assets and liabilities (14) (32)
Net cash (used in) provided by operating activities (97) 39
Cash flows from investing activities    
Capital expenditures (90) (86)
Settlement of net investment hedges 0 409
Net cash (used in) provided by investing activities (90) 323
Cash flows from financing activities    
Debt borrowings 1,102 2,797
Debt repayments (799) (2,345)
Debt issuance costs 0 (4)
Repurchase of ordinary shares (106) (663)
Exercise of employee share options 1 6
Net cash provided by (used in) financing activities 198 (209)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (23) (106)
Net (decrease) increase in cash, cash equivalents and restricted cash (12) 47
Beginning of period 256 172
End of period 244 219
Supplemental disclosures of cash flow information    
Cash paid for interest 48 28
Net cash paid for income taxes 65 80
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 26 $ 43