v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Cash flows from operating activities    
Net income $ 70 $ 53
Net loss from discontinued operations, net of tax 0 (3)
Net income from continuing operations 70 56
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29 30
Share-based compensation expense 13 14
Deferred income taxes (29) (17)
Changes to lease related balances, net (9) (18)
Foreign currency adjustments 4 (1)
Other non-cash adjustments 2 1
Change in assets and liabilities:    
Receivables, net 23 50
Inventories, net (45) (55)
Prepaid expenses and other current assets 9 (16)
Accounts payable 40 15
Accrued expenses and other current liabilities (31) (34)
Other long-term assets and liabilities (3) (5)
Net cash provided by operating activities of continuing operations 73 20
Net cash used in operating activities of discontinued operations 0 (28)
Net cash provided by (used in) operating activities 73 (8)
Cash flows from investing activities    
Capital expenditures (25) (13)
Net cash used in investing activities of continuing operations (25) (13)
Net cash used in investing activities of discontinued operations 0 (6)
Net cash used in investing activities (25) (19)
Cash flows from financing activities    
Debt borrowings 485 597
Debt repayments (504) (502)
Debt issuance costs (3) 0
Repurchase of ordinary shares (54) (1)
Net cash (used in) provided by financing activities of continuing operations (76) 94
Net cash used in financing activities of discontinued operations 0 0
Net cash (used in) provided by financing activities (76) 94
Effect of exchange rate changes on cash, cash equivalents and restricted cash 8 (32)
Net (decrease) increase in cash, cash equivalents and restricted cash (20) 35
Beginning of period 145 175
End of period 125 210
Supplemental disclosures of cash flow information    
Cash paid for interest 3 15
Net cash paid for income taxes 6 46
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures 6 15
Summary of cash, cash equivalents and restricted cash    
Cash, cash equivalents and restricted cash of continuing operations, end of period 125 139
Cash, cash equivalents and restricted cash of discontinued operations, end of period 0 71
Cash, cash equivalents and restricted cash, end of period $ 125 $ 210