XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 555.6 $ 490.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 173.0 163.3
Deferred income tax expense (benefit) (11.6) 21.3
Stock-based compensation expense 75.3 59.9
Bad debt expense 1.8 0.2
Other non-cash charges (benefits) 6.2 (1.1)
Changes in operating assets and liabilities:    
Accounts receivable 41.8 (30.5)
Inventories 14.6 (282.7)
Prepaid expenses and other current assets (28.6) (54.2)
Accounts payable and accrued liabilities 169.0 (24.3)
Income tax receivables and payables (0.8) 69.9
Operating lease right-of-use assets and liabilities, net (25.6) (9.8)
Other balance sheet changes (22.0) (5.4)
Net cash provided by operating activities 948.7 397.0
Cash flows from investing activities:    
Capital expenditures (124.9) (155.9)
Purchases of investments (272.1) (562.2)
Proceeds from sales and maturities of investments 193.8 1,161.5
Other investing activities (1.0) (5.2)
Net cash provided by (used in) investing activities (204.2) 438.2
Cash flows from financing activities:    
Repayments of long-term debt 0.0 (500.0)
Payments of finance lease obligations (16.3) (15.9)
Payments of dividends (146.7) (148.8)
Repurchases of common stock, including shares surrendered for tax withholdings (328.8) (445.8)
Net cash used in financing activities (491.8) (1,110.5)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 22.5 (23.2)
Net increase (decrease) in cash, cash equivalents, and restricted cash 275.2 (298.5)
Cash, cash equivalents, and restricted cash at beginning of period 1,536.9 1,872.0
Cash, cash equivalents, and restricted cash at end of period $ 1,812.1 $ 1,573.5