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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 27, 2021
Sep. 26, 2020
Mar. 28, 2020
Sep. 28, 2019
Mar. 27, 2021
Mar. 28, 2020
Jun. 27, 2020
CASH FLOWS PROVIDED BY OPERATING ACTIVITIES              
Net income (loss) $ 91.7 $ 231.7 $ (677.1) $ 20.0 $ 634.4 $ (358.3)  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:              
Depreciation and amortization         167.2 194.9  
Provision for bad debt         0.0 16.8  
Share-based compensation         46.7 47.0  
Acceleration Program charges         6.1 0.0  
Organization-related and integration activities         0.0 15.2  
Impairment charges         45.8 697.6  
Changes to lease related balances, net         (103.3) 26.1  
Deferred income taxes         (27.9) (33.3)  
Gain on sale of building         (13.2) 0.0  
Gain on deferred purchase price         (12.5) 0.0  
Other non-cash charges, net         20.0 4.7  
Changes in operating assets and liabilities:              
Trade accounts receivable         (49.3) 75.2  
Inventories         63.9 (171.6)  
Accounts payable         275.0 (18.5)  
Accrued liabilities         7.6 (31.2)  
Other liabilities         (10.2) (37.6)  
Other assets         (105.7) 19.1  
Net cash provided by operating activities         944.6 446.1  
CASH FLOWS USED IN INVESTING ACTIVITIES              
Proceeds from sale of building         23.9 0.0  
Purchases of investments         (0.5) (212.4)  
Proceeds from maturities and sales of investments         1.9 316.1  
Purchases of property and equipment         (68.9) (172.9)  
Net cash used in investing activities         (43.6) (69.2)  
CASH FLOWS USED IN FINANCING ACTIVITIES              
Dividend payments         0.0 (287.1)  
Repurchase of common stock         0.0 (300.0)  
Proceeds from share-based awards         37.8 1.7  
Repayment of short-term debt         (11.5) 0.0  
Repayment of revolving credit facility         (700.0) 0.0  
Taxes paid to net settle share-based awards         (6.9) (14.7)  
Payments of finance lease liabilities         (0.6) (0.6)  
Payment of deferred purchase price         (7.4) (2.4)  
Net cash used in financing activities         (688.6) (603.1)  
Effect of exchange rate changes on cash and cash equivalents         13.0 (0.4)  
Net decrease in cash and cash equivalents         225.4 (226.6)  
Cash and cash equivalents at beginning of period   $ 1,426.3   $ 969.2 1,426.3 969.2 $ 969.2
Cash and cash equivalents at end of period $ 1,651.7   $ 742.6   1,651.7 742.6 $ 1,426.3
Supplemental information:              
Cash paid for income taxes, net         218.2 80.5  
Cash paid for interest         56.3 50.4  
Noncash investing activity - property and equipment obligations         $ 14.6 $ 22.4