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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 45 $ 186
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 60 56
Equity compensation expense 28 13
Losses on store lease exits 0 2
Deferred income taxes 2 13
Impairment of long-lived assets 97 4
Changes to lease related balances, net (16)  
Tax deficit (benefit) on exercise of share options 2 (11)
Amortization of deferred financing costs 1 1
Foreign currency losses 2 3
Change in assets and liabilities:    
Receivables, net 73 24
Inventories (63) (52)
Prepaid expenses and other current assets (32) (21)
Accounts payable (8) (4)
Accrued expenses and other current liabilities (51) (32)
Other long-term assets and liabilities 18 24
Net cash provided by operating activities 158 206
Cash flows from investing activities    
Capital expenditures (54) (41)
Cash paid for business acquisitions, net of cash acquired (1) 0
Settlement of a net investment hedges 23 0
Net cash used in investing activities (32) (41)
Cash flows from financing activities    
Debt borrowings 390 434
Debt repayments (526) (487)
Repurchase of treasury shares (2) (106)
Exercise of employee share options 0 6
Net cash used in financing activities (138) (153)
Effect of exchange rate changes on cash and cash equivalents 0 (5)
Net (decrease) increase in cash and cash equivalents (12) 7
Beginning of period 172 163
End of period 160 170
Supplemental disclosures of cash flow information    
Cash paid for interest 30 13
Cash paid for income taxes 12 24
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 23 $ 28