XML 58 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Cash flows from operating activities:    
Net income $ 64 $ 162
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 74 69
Deferred income tax benefit (18) (3)
Equity in losses of equity-method investees 3 3
Non-cash stock-based compensation expense 32 23
Non-cash impairment of assets 8 1
Excess tax benefits from stock-based compensation arrangements (6) (4)
Other non-cash charges, net 1 5
Changes in operating assets and liabilities:    
Accounts receivable 265 230
Inventories (226) (158)
Prepaid expenses and other current assets 12 5
Accounts payable and accrued liabilities 114 79
Income tax receivables and payables (9) 27
Deferred income (3) (4)
Other balance sheet changes, net 21 (20)
Net cash provided by operating activities 332 415
Cash flows from investing activities:    
Capital expenditures (68) (85)
Purchases of investments (329) (411)
Proceeds from sales and maturities of investments 325 236
Acquisitions and ventures (3) (4)
Change in restricted cash deposits (2) 0
Net cash used in investing activities (77) (264)
Cash flows from financing activities:    
Proceeds from issuance of short-term debt 1,238 0
Repayments of short-term debt (1,317) 0
Payments of capital lease obligations (5) (5)
Payments of dividends (43) (40)
Repurchases of common stock, including shares surrendered for tax withholdings (169) (211)
Proceeds from exercises of stock options 15 14
Excess tax benefits from stock-based compensation arrangements 6 4
Net cash used in financing activities (275) (238)
Effect of exchange rate changes on cash and cash equivalents 10 1
Net decrease in cash and cash equivalents (10) (86)
Cash and cash equivalents at beginning of period 500 797
Cash and cash equivalents at end of period $ 490 $ 711