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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Apr. 02, 2022
Cash flows from operating activities:      
Net income $ 646.3 $ 522.7 $ 600.1
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 229.0 220.5 229.7
Deferred income tax expense (benefit) (41.1) 3.9 (46.1)
Stock-based compensation expense 99.5 75.5 81.7
Impairment of assets 0.0 9.7 21.3
Bad debt expense (reversal) 7.3 2.3 (2.2)
Other non-cash charges 13.7 1.0 1.0
Changes in operating assets and liabilities:      
Accounts receivable (15.3) (52.6) 32.4
Inventories 149.1 (106.2) (269.3)
Prepaid expenses and other current assets 16.1 (19.9) (28.3)
Accounts payable and accrued liabilities 15.6 (225.0) 194.6
Income tax receivables and payables (18.5) 5.7 (62.3)
Operating lease ROU asset and liabilities, net (36.3) (17.5) (61.6)
Other balance sheet changes 4.3 (9.1) 24.9
Net cash provided by operating activities 1,069.7 411.0 715.9
Cash flows from investing activities:      
Capital expenditures (164.8) (217.5) (166.9)
Purchases of investments (392.8) (598.6) (1,510.6)
Proceeds from sales and maturities of investments 304.3 1,293.4 964.6
Other investing activities (3.5) (5.8) (5.0)
Net cash provided by (used in) investing activities (256.8) 471.5 (717.9)
Cash flows from financing activities:      
Repayments of long-term debt 0.0 (500.0) 0.0
Payments of finance lease obligations (21.3) (21.9) (23.1)
Payments of dividends (194.6) (198.3) (150.0)
Repurchases of common stock, including shares surrendered for tax withholdings (449.7) (488.6) (492.6)
Net cash used in financing activities (665.6) (1,208.8) (665.7)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (13.6) (8.8) (48.3)
Net increase (decrease) in cash, cash equivalents, and restricted cash 133.7 (335.1) (716.0)
Cash, cash equivalents, and restricted cash at beginning of period 1,536.9 1,872.0 2,588.0
Cash, cash equivalents, and restricted cash at end of period $ 1,670.6 $ 1,536.9 $ 1,872.0