v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities      
Net income (loss) $ 138 $ (1,179) $ (229)
Net income (loss) from discontinued operations, net of tax 58 (653) (242)
Net income (loss) from continuing operations 80 (526) 13
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 121 132 132
Share-based compensation expense 34 50 55
Impairment of assets 40 142 294
Deferred income taxes (12) 333 (107)
Changes to lease related balances, net (64) (97) (89)
Foreign currency losses (4) (2) 31
Other non-cash charges 24 12 (1)
Change in assets and liabilities:      
Receivables, net 0 49 20
Inventories, net 133 (39) 177
Prepaid expenses and other current assets (64) 2 (40)
Accounts payable (76) 115 (34)
Accrued expenses and other current liabilities (15) 13 (57)
Other long-term assets and liabilities 0 (30) (38)
Cash Provided by (Used in) Operating Activity, Continuing Operation 197 154 356
Cash Provided by (Used in) Operating Activity, Discontinued Operation (120) 127 (47)
Net cash provided by operating activities 77 281 309
Cash flows from investing activities      
Capital expenditures (63) (74) (135)
Cash paid for business acquisitions, net of cash acquired 0 (9) 0
Settlement of hedges 0 84 54
Net cash (used in) provided by investing activities of continuing operations (63) 1 (81)
Net cash provided by (used in) investing activities of discontinued operations 1,282 (54) (54)
Net cash provided by (used in) investing activities 1,219 (53) (135)
Cash flows from financing activities      
Debt borrowings 2,304 3,329 1,737
Debt repayments (3,523) (3,547) (1,839)
Debt issuance costs 0 (7) 0
Repurchase of ordinary shares (81) (4) (107)
Settlement of interest rate swaps 0 (13) 0
Exercise of employee share options 0 0 1
Other financing activities (1) 0 0
Net cash used in financing activities of continuing operations (1,301) (242) (208)
Net cash used in financing activities of discontinued operations 0 0 0
Net cash used in financing activities (1,301) (242) (208)
Effect of exchange rate changes on cash and cash equivalents (25) (16) (17)
Net decrease in cash, cash equivalents and restricted cash (30) (30) (51)
Beginning of period 175 205 256
End of period 145 175 205
Supplemental disclosures of cash flow information      
Cash paid for interest 45 87 96
Cash paid for income taxes 102 125 156
Supplemental disclosure of non-cash investing and financing activities      
Accrued capital expenditures 18 16 35
Summary of cash, cash equivalents and restricted cash      
Cash, cash equivalents and restricted cash of continuing operations, end of period 145 116 149
Cash, cash equivalents and restricted cash of discontinued operations, end of period 0 59 56
Cash, cash equivalents and restricted cash, end of period $ 145 $ 175 $ 205