v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Cash flows from operating activities:    
Net income $ 220.4 $ 168.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 55.5 54.4
Deferred income tax expense (benefit) (5.8) 12.3
Stock-based compensation expense 22.4 24.3
Bad debt expense 2.7 0.8
Other non-cash charges (benefits) (1.8) 0.6
Changes in operating assets and liabilities:    
Accounts receivable 79.1 70.3
Inventories (234.8) (145.5)
Prepaid expenses and other current assets 1.4 (58.1)
Accounts payable and accrued liabilities 85.8 145.6
Income tax receivables and payables (1.7) (0.5)
Operating lease right-of-use assets and liabilities, net (1.1) 8.0
Other balance sheet changes (46.0) (3.5)
Net cash provided by operating activities 176.1 277.3
Cash flows from investing activities:    
Capital expenditures (187.3) (33.4)
Purchases of investments (171.1) (174.3)
Proceeds from sales and maturities of investments 154.1 119.1
Other investing activities 6.0 1.0
Net cash used in investing activities (198.3) (87.6)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 498.2 0.0
Payments of finance lease obligations (6.0) (4.9)
Payments of dividends (50.7) (47.5)
Repurchases of common stock, including shares surrendered for tax withholdings (323.3) (201.2)
Other financing activities (4.1) 0.0
Net cash provided by (used in) financing activities 114.1 (253.6)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 76.1 (13.1)
Net increase (decrease) in cash, cash equivalents, and restricted cash 168.0 (77.0)
Cash, cash equivalents, and restricted cash at beginning of period 1,929.4 1,670.6
Cash, cash equivalents, and restricted cash at end of period $ 2,097.4 $ 1,593.6