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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Cash flows from operating activities:    
Net income (loss) $ 164.7 $ (127.7)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 57.2 63.7
Deferred income tax expense (benefit) 3.8 (66.9)
Non-cash stock-based compensation expense 18.4 15.1
Non-cash impairment of assets 18.6 2.1
Bad debt expense reversals (1.0) (16.5)
Other non-cash charges 1.1 0.0
Changes in operating assets and liabilities:    
Accounts receivable 81.6 186.3
Inventories (67.7) (29.0)
Prepaid expenses and other current assets (20.3) (37.4)
Accounts payable and accrued liabilities 6.1 (119.2)
Income tax receivables and payables 4.7 35.2
Deferred income (0.8) 0.3
Other balance sheet changes (18.8) 23.7
Net cash provided by (used in) operating activities 247.6 (70.3)
Cash flows from investing activities:    
Capital expenditures (28.2) (21.3)
Purchases of investments (368.3) (63.6)
Proceeds from sales and maturities of investments 197.7 301.9
Other investing activities (0.6) 3.7
Net cash provided by (used in) investing activities (199.4) 220.7
Cash flows from financing activities:    
Repayments of borrowings on credit facilities 0.0 (475.0)
Proceeds from issuance of long-term debt 0.0 1,241.9
Payments of finance lease obligations (5.5) (1.6)
Payments of dividends 0.0 (49.8)
Repurchases of common stock, including shares surrendered for tax withholdings (28.8) (33.9)
Other financing activities 0.0 (8.5)
Net cash provided by (used in) financing activities (34.3) 673.1
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 3.3 7.6
Net increase in cash, cash equivalents, and restricted cash 17.2 831.1
Cash, cash equivalents, and restricted cash at beginning of period 2,588.0 1,629.8
Cash, cash equivalents, and restricted cash at end of period $ 2,605.2 $ 2,460.9