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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Cash flows from operating activities    
Net (loss) income $ (535) $ 243
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 145 139
Share-based compensation expense 49 65
Deferred income taxes (63) (4)
Impairment of assets 718 26
Changes to lease related balances, net (109) (79)
Foreign currency loss 4 10
Other non-cash adjustments 5 9
Change in assets and liabilities:    
Receivables, net 55 27
Inventories, net (38) 34
Prepaid expenses and other current assets 5 (114)
Accounts payable 183 (107)
Accrued expenses and other current liabilities 48 18
Other long-term assets and liabilities (25) (2)
Net cash provided by operating activities 442 265
Cash flows from investing activities    
Capital expenditures (101) (139)
Cash paid for business acquisitions, net of cash acquired (9) 0
Settlement of net investment hedges 42 0
Net cash used in investing activities (68) (139)
Cash flows from financing activities    
Debt borrowings 1,849 1,309
Debt repayments (2,055) (1,319)
Debt issuance costs (2) 0
Repurchase of ordinary shares (4) (107)
Exercise of employee share options 0 1
Net cash used in financing activities (212) (116)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2) (11)
Net increase (decrease) in cash, cash equivalents and restricted cash 160 (1)
Beginning of period 205 256
End of period 365 255
Supplemental disclosures of cash flow information    
Cash paid for interest 64 74
Net cash paid for income taxes 75 130
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 11 $ 25