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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Apr. 01, 2023
Cash flows from operating activities      
Net (loss) income $ (1,179,000,000) $ (229,000,000) $ 619,000,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 193,000,000 188,000,000 179,000,000
Share-based compensation expense 59,000,000 72,000,000 78,000,000
Impairment of assets 797,000,000 577,000,000 142,000,000
Deferred income taxes 388,000,000 (187,000,000) (101,000,000)
Changes to lease related balances, net (117,000,000) (102,000,000) (99,000,000)
Foreign currency losses (6,000,000) 29,000,000 28,000,000
Other non-cash charges 14,000,000 3,000,000 7,000,000
Change in assets and liabilities:      
Receivables, net 50,000,000 27,000,000 50,000,000
Inventories, net (3,000,000) 175,000,000 13,000,000
Prepaid expenses and other current assets 8,000,000 (29,000,000) (8,000,000)
Accounts payable 128,000,000 (119,000,000) (100,000,000)
Accrued expenses and other current liabilities (3,000,000) (60,000,000) (9,000,000)
Other long-term assets and liabilities (48,000,000) (36,000,000) (28,000,000)
Net cash provided by operating activities 281,000,000 309,000,000 771,000,000
Cash flows from investing activities      
Capital expenditures (128,000,000) (189,000,000) (226,000,000)
Cash paid for business acquisitions, net of cash acquired (9,000,000) 0 0
Settlement of hedges 84,000,000 54,000,000 409,000,000
Net cash (used in) provided by investing activities (53,000,000) (135,000,000) 183,000,000
Cash flows from financing activities      
Debt borrowings 3,329,000,000 1,737,000,000 4,061,000,000
Debt repayments (3,547,000,000) (1,839,000,000) (3,474,000,000)
Debt issuance costs (7,000,000) 0 (5,000,000)
Repurchase of ordinary shares (4,000,000) (107,000,000) (1,364,000,000)
Exercise of employee share options 0 1,000,000 6,000,000
Settlement of interest rate swaps (13,000,000) 0 0
Net cash used in financing activities (242,000,000) (208,000,000) (776,000,000)
Effect of exchange rate changes on cash and cash equivalents (16,000,000) (17,000,000) (94,000,000)
Net (decrease) increase in cash, cash equivalents and restricted cash (30,000,000) (51,000,000) 84,000,000
Beginning of period 205,000,000 256,000,000 172,000,000
End of period 175,000,000 205,000,000 256,000,000
Supplemental disclosures of cash flow information      
Cash paid for interest 87,000,000 96,000,000 58,000,000
Cash paid for income taxes 125,000,000 156,000,000 133,000,000
Supplemental disclosure of non-cash investing and financing activities      
Accrued capital expenditures $ 16,000,000 $ 35,000,000 $ 33,000,000