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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 316.5 $ 279.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 110.3 116.8
Deferred income tax expense 19.4 6.1
Stock-based compensation expense 60.0 50.7
Bad debt expense 2.1 0.3
Other non-cash charges (benefits) (3.7) 16.3
Changes in operating assets and liabilities:    
Accounts receivable (63.4) (26.5)
Inventories (203.6) (151.0)
Prepaid expenses and other current assets (40.4) (37.8)
Accounts payable and accrued liabilities 225.8 154.7
Income tax receivables and payables (49.3) (41.8)
Operating lease right-of-use assets and liabilities, net (0.5) (18.2)
Other balance sheet changes 1.3 (5.0)
Net cash provided by operating activities 374.5 343.6
Cash flows from investing activities:    
Capital expenditures (75.1) (82.4)
Purchases of investments (496.5) (158.6)
Proceeds from sales and maturities of investments 290.8 108.1
Other investing activities 1.0 0.0
Net cash used in investing activities (279.8) (132.9)
Cash flows from financing activities:    
Payments of finance lease obligations (10.8) (11.2)
Payments of dividends (98.9) (98.2)
Repurchases of common stock, including shares surrendered for tax withholdings (330.2) (225.7)
Net cash used in financing activities (439.9) (335.1)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 36.8 (23.9)
Net decrease in cash, cash equivalents, and restricted cash (308.4) (148.3)
Cash, cash equivalents, and restricted cash at beginning of period 1,670.6 1,536.9
Cash, cash equivalents, and restricted cash at end of period $ 1,362.2 $ 1,388.6