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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Cash flows from operating activities    
Net income (loss) $ 53 $ (12)
Net loss from discontinued operations, net of tax (3) (17)
Net income from continuing operations 56 5
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 30 32
Share-based compensation expense 14 24
Deferred income taxes (17) 5
Changes to lease related balances, net (18) (29)
Foreign currency gain (1) 0
Other non-cash adjustments 1 3
Change in assets and liabilities:    
Receivables, net 50 46
Inventories, net (55) (45)
Prepaid expenses and other current assets (16) 20
Accounts payable 15 62
Accrued expenses and other current liabilities (34) (29)
Other long-term assets and liabilities (5) (28)
Net cash provided by operating activities of continuing operations 20 66
Cash Provided by (Used in) Operating Activity, Discontinued Operation (28) 17
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation, Total (8) 83
Cash flows from investing activities    
Capital expenditures (13) (16)
Cash paid for business acquisitions, net of cash acquired 0 (9)
Net cash used in investing activities of continuing operations (13) (25)
Net cash used in investing activities of discontinued operations (6) (27)
Net cash used in investing activities (19) (52)
Cash flows from financing activities    
Debt borrowings 597 358
Debt repayments (502) (364)
Repurchase of ordinary shares (1) (3)
Net cash provided by (used in) financing activities of continuing operations 94 (9)
Net cash provided by (used in) financing activities of discontinued operations 0 0
Net cash provided by (used in) financing activities 94 (9)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (32) (5)
Net increase in cash, cash equivalents and restricted cash 35 17
Beginning of period 175 205
End of period 210 222
Supplemental disclosures of cash flow information    
Cash paid for interest 15 18
Net cash paid for income taxes 46 43
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures 15 20
Summary of cash, cash equivalents and restricted cash    
Cash, cash equivalents and restricted cash of continuing operations, end of period 139 183
Cash, cash equivalents and restricted cash of discontinued operations, end of period 71 39
Cash, cash equivalents and restricted cash, end of period $ 210 $ 222