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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Cash flows from operating activities:    
Net income $ 613.9 $ 555.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 164.6 173.0
Deferred income tax expense (benefit) 27.2 (11.6)
Stock-based compensation expense 84.7 75.3
Bad debt expense 2.7 1.8
Other non-cash charges 14.8 6.2
Changes in operating assets and liabilities:    
Accounts receivable (5.1) 41.8
Inventories (116.7) 14.6
Prepaid expenses and other current assets (108.7) (28.6)
Accounts payable and accrued liabilities 368.6 169.0
Income tax receivables and payables 12.2 (0.8)
Operating lease right-of-use assets and liabilities, net 15.5 (25.6)
Other balance sheet changes 39.2 (22.0)
Net cash provided by operating activities 1,112.9 948.7
Cash flows from investing activities:    
Capital expenditures (136.3) (124.9)
Purchases of investments (628.2) (272.1)
Proceeds from sales and maturities of investments 538.9 193.8
Other investing activities 1.2 (1.0)
Net cash used in investing activities (224.4) (204.2)
Cash flows from financing activities:    
Payments of finance lease obligations (16.5) (16.3)
Payments of dividends (150.1) (146.7)
Repurchases of common stock, including shares surrendered for tax withholdings (404.6) (328.8)
Net cash used in financing activities (571.2) (491.8)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (40.9) 22.5
Net increase in cash, cash equivalents, and restricted cash 276.4 275.2
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 $ 1,947.0 $ 1,812.1