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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net income $ 243 $ 652
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 139 131
Share-based compensation expense 65 60
Deferred income taxes (4) (10)
Impairment of assets 26 12
Changes to lease related balances, net (79) (87)
Foreign currency loss 10 10
Other non-cash adjustments 9 4
Change in assets and liabilities:    
Receivables, net 27 48
Inventories, net 34 (124)
Prepaid expenses and other current assets (114) (60)
Accounts payable (107) (31)
Accrued expenses and other current liabilities 18 45
Other long-term assets and liabilities (2) (34)
Net cash provided by operating activities 265 616
Cash flows from investing activities    
Capital expenditures (139) (168)
Settlement of net investment hedges 0 409
Net cash (used in) provided by investing activities (139) 241
Cash flows from financing activities    
Debt borrowings 1,309 3,433
Debt repayments (1,319) (3,121)
Debt issuance costs 0 (5)
Repurchase of ordinary shares (107) (964)
Exercise of employee share options 1 6
Net cash used in financing activities (116) (651)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (11) (94)
Net (decrease) increase in cash, cash equivalents and restricted cash (1) 112
Beginning of period 256 172
End of period 255 284
Supplemental disclosures of cash flow information    
Cash paid for interest 74 47
Net cash paid for income taxes 130 113
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 25 $ 51