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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 28, 2024
Jun. 30, 2023
OPERATING ACTIVITIES:    
Net income (loss) $ 181 $ 187
Adjustments:    
Amortization and depreciation 106 125
Stock-based compensation expense 31 37
Deferred income taxes (10) (60)
Gain on sale of property 0 (4)
Non-cash operating lease expense 3 6
Other (2) 18
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 9 20
Accounts payable 17 (12)
Accrued compensation and benefits (21) (42)
Contract liabilities (56) (65)
Income taxes payable 81 28
Other assets 17 (27)
Other liabilities (92) 15
Net cash provided by (used in) operating activities 264 226
INVESTING ACTIVITIES:    
Purchases of property and equipment (2) (4)
Other 0 (2)
Net cash provided by (used in) investing activities (2) (6)
FINANCING ACTIVITIES:    
Repayments of debt (88) (208)
Tax payments related to vesting of stock units (24) (18)
Dividends and dividend equivalents paid (82) (83)
Repurchases of common stock (272) (41)
Net cash provided by (used in) financing activities (466) (350)
Effect of exchange rate fluctuations on cash and cash equivalents 2 3
Change in cash and cash equivalents (202) (127)
Beginning cash and cash equivalents 846 750
Ending cash and cash equivalents $ 644 $ 623