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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities    
Net (loss) income $ (12) $ 48
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 47 45
Share-based compensation expense 26 30
Deferred income taxes 5 (2)
Changes to lease related balances, net (31) (29)
Foreign currency loss 1 20
Other non-cash adjustments 3 2
Change in assets and liabilities:    
Receivables, net 40 68
Inventories, net (41) (122)
Prepaid expenses and other current assets 19 (26)
Accounts payable 59 1
Accrued expenses and other current liabilities (24) 10
Other long-term assets and liabilities (9) (5)
Net cash provided by operating activities 83 40
Cash flows from investing activities    
Capital expenditures (43) (50)
Cash paid for business acquisitions, net of cash acquired (9) 0
Net cash used in investing activities (52) (50)
Cash flows from financing activities    
Debt borrowings 358 593
Debt repayments (364) (491)
Repurchase of ordinary shares (3) (106)
Exercise of employee share options 0 1
Net cash used in financing activities (9) (3)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (5) (3)
Net increase (decrease) in cash, cash equivalents and restricted cash 17 (16)
Beginning of period 205 256
End of period 222 240
Supplemental disclosures of cash flow information    
Cash paid for interest 18 22
Net cash paid for income taxes 43 15
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 20 $ 27