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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Mar. 31, 2018
Cash flows from operating activities:      
Net income $ 384.3 $ 430.9 $ 162.8
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 269.5 281.3 295.2
Deferred income tax expense (benefit) (168.8) 8.5 84.1
Loss on sale of property 0.0 11.6 0.0
Non-cash stock-based compensation expense 100.6 88.6 74.5
Non-cash impairment of assets, including equity method investment 38.7 25.8 50.0
Bad debt expense 58.7 0.4 10.2
Other non-cash charges (2.3) 6.5 1.7
Changes in operating assets and liabilities:      
Accounts receivable 57.6 10.1 34.5
Inventories 72.3 (83.6) 65.4
Prepaid expenses and other current assets 58.2 (40.5) (15.1)
Accounts payable and accrued liabilities (64.3) (4.7) 64.6
Income tax receivables and payables (42.5) 29.7 165.1
Deferred income 0.0 (16.5) 1.4
Other balance sheet changes (7.4) 35.7 (19.3)
Net cash provided by operating activities 754.6 783.8 975.1
Cash flows from investing activities:      
Capital expenditures (270.3) (197.7) (161.6)
Purchases of investments (1,289.7) (3,030.8) (1,605.6)
Proceeds from sales and maturities of investments 2,240.4 2,357.5 1,582.7
Acquisitions and ventures 0.9 (4.5) (4.6)
Proceeds from sale of property 20.8 20.0 0.0
Settlement of net investment hedges 0.0 (23.8) 0.0
Net cash provided by (used in) investing activities 702.1 (879.3) (189.1)
Cash flows from financing activities:      
Proceeds from credit facilities 475.0 0.0 10.1
Repayments of borrowings on credit facilities 0.0 (9.9) 0.0
Proceeds from the issuance of long-term debt 0.0 398.1 0.0
Repayments of long-term debt 0.0 (300.0) 0.0
Payments of finance lease obligations (13.6) (19.6) (28.2)
Payments of dividends (203.9) (190.7) (162.4)
Repurchases of common stock, including shares surrendered for tax withholdings (694.8) (502.6) (17.1)
Proceeds from exercise of stock options 0.0 21.8 0.1
Other financing activities (0.9) (2.8) 0.0
Net cash used in financing activities (438.2) (605.7) (197.5)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (15.2) (27.8) 55.2
Net increase (decrease) in cash, cash equivalents, and restricted cash 1,003.3 (729.0) 643.7
Cash, cash equivalents, and restricted cash at beginning of period 626.5 1,355.5 711.8
Cash, cash equivalents, and restricted cash at end of period $ 1,629.8 $ 626.5 $ 1,355.5