XML 18 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Cash flows from operating activities    
Net income $ 522.7 $ 547.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 160.1 149.9
Equity compensation expense 38.3 29.6
Deferred income taxes 12.1 33.1
Impairment of long-lived assets 17.2 18.9
Tax benefit on exercise of share options (24.1) (0.2)
Amortization of deferred financing costs 2.6 2.5
Foreign currency losses (gains) 78.5 (14.7)
Other non-cash charges 2.0 2.6
Change in assets and liabilities:    
Receivables, net (8.6) 17.1
Inventories (127.1) 20.8
Prepaid expenses and other current assets (51.1) 31.9
Accounts payable 52.0 (21.4)
Accrued expenses and other current liabilities 75.1 54.6
Other long-term assets and liabilities 26.0 1.0
Net cash provided by operating activities 775.7 873.3
Cash flows from investing activities    
Capital expenditures (134.7) (83.8)
Purchase of intangible assets (1.7) (3.2)
Cash paid for business acquisitions, net of cash acquired (1.8) (1,414.5)
Realized (loss) gain on hedge related to acquisitions (77.4) 4.7
Net cash used in investing activities (215.6) (1,496.8)
Cash flows from financing activities    
Debt borrowings 3,597.2 2,078.8
Debt repayments (1,926.3) (1,222.1)
Debt issuance costs (15.0) 0.0
Repurchase of treasury shares (207.2) (161.0)
Exercise of employee share options 23.0 5.5
Other financing activities 0.0 (0.2)
Net cash provided by financing activities 1,471.7 701.0
Effect of exchange rate changes on cash and cash equivalents (9.1) 10.3
Net increase in cash and cash equivalents and restricted cash 2,022.7 87.8
Beginning of period (including restricted cash of $0.3 million at March 31, 2018 and $1.9 million at April 1, 2017) 163.4 229.6
End of period (including restricted cash of $1,921.6 million and $0.3 million, respectively, at December 29, 2018 and December 30, 2017) 2,186.1 317.4
Supplemental disclosures of cash flow information    
Cash paid for interest 23.7 6.5
Cash paid for income taxes 128.0 85.0
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 23.1 $ 22.0