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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net income $ 11 $ 138
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 96 93
Share-based compensation expense 37 47
Deferred income taxes 3 (4)
Impairment of assets 43 20
Changes to lease related balances, net (67) (59)
Foreign currency (gain) loss (15) 16
Other non-cash adjustments 6 8
Change in assets and liabilities:    
Receivables, net 40 (23)
Inventories, net (93) (70)
Prepaid expenses and other current assets 23 (80)
Accounts payable 107 (112)
Accrued expenses and other current liabilities (28) (57)
Other long-term assets and liabilities (30) (14)
Net cash provided by (used in) operating activities 133 (97)
Cash flows from investing activities    
Capital expenditures (70) (90)
Cash paid for business acquisitions, net of cash acquired (9) 0
Net cash used in investing activities (79) (90)
Cash flows from financing activities    
Debt borrowings 938 1,102
Debt repayments (999) (799)
Debt issuance costs (2) 0
Repurchase of ordinary shares (4) (106)
Exercise of employee share options 0 1
Net cash (used in) provided by financing activities (67) 198
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1) (23)
Net decrease in cash, cash equivalents and restricted cash (14) (12)
Beginning of period 205 256
End of period 191 244
Supplemental disclosures of cash flow information    
Cash paid for interest 41 48
Net cash paid for income taxes 33 65
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 16 $ 26