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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Apr. 02, 2022
Cash flows from operating activities      
Net (loss) income $ (229) $ 619 $ 823
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 188 179 193
Share-based compensation expense 72 78 85
Impairment of assets 577 142 83
Deferred income taxes (187) (101) (57)
Changes to lease related balances, net (102) (99) (142)
Foreign currency losses 29 28 0
Other non-cash charges 3 7 10
Change in assets and liabilities:      
Receivables, net 27 50 (78)
Inventories, net 175 13 (386)
Prepaid expenses and other current assets (29) (8) 14
Accounts payable (119) (100) 69
Accrued expenses and other current liabilities (60) (9) 30
Other long-term assets and liabilities (36) (28) 60
Net cash provided by operating activities 309 771 704
Cash flows from investing activities      
Capital expenditures (189) (226) (131)
Settlement of hedges 54 409 189
Net cash (used in) provided by investing activities (135) 183 58
Cash flows from financing activities      
Debt borrowings 1,737 4,061 945
Debt repayments (1,839) (3,474) (1,132)
Debt issuance costs 0 (5) 0
Repurchase of ordinary shares (107) (1,364) (661)
Exercise of employee share options 1 6 17
Other financing activities 0 0 31
Net cash used in financing activities (208) (776) (800)
Effect of exchange rate changes on cash and cash equivalents (17) (94) (24)
Net (decrease) increase in cash, cash equivalents and restricted cash (51) 84 (62)
Beginning of period 256 172 234
End of period 205 256 172
Supplemental disclosures of cash flow information      
Cash paid for interest 96 58 37
Cash paid for income taxes 156 133 43
Supplemental disclosure of non-cash investing and financing activities      
Accrued capital expenditures $ 35 $ 33 $ 39