Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 29, 2018
Dec. 30, 2017
OPERATING ACTIVITIES    
Net income (loss) [1] $ 1,130,988,000 $ 405,760,000
Adjustments to reconcile net income to cash provided by operating activities:    
Impairment of goodwill [1] 0 104,651,000
Depreciation and amortization [1] 216,361,000 224,065,000
Stock-based compensation [1] 80,501,000 66,600,000
Provision for doubtful accounts [1] 16,325,000 18,481,000
Pension expense in excess of contributions [1] 2,932,000 17,241,000
Loss on sale of businesses, net of tax [1] 28,115,000 27,426,000
Other, net [1] (36,404,000) (101,154,000)
Changes in operating assets and liabilities:    
Accounts receivable [1] (428,753,000) (22,854,000)
Inventories [1] (58,401,000) 176,717,000
Accounts payable [1] 62,175,000 228,727,000
Income taxes [1] (39,971,000) 494,406,000
Accrued liabilities [1] 491,925,000 54,649,000
Other assets and liabilities [1] (29,130,000) (9,893,000)
Cash provided by operating activities [1] 1,436,663,000 1,684,822,000
INVESTING ACTIVITIES    
Business acquisitions, net of cash received [1] (320,405,000) (740,541,000)
Proceeds from sale of businesses, net of cash sold [1] 430,273,000 214,968,000
Capital expenditures [1] (195,250,000) (128,697,000)
Software purchases [1] (42,548,000) (44,520,000)
Other, net [1] (20,616,000) (9,124,000)
Cash used by investing activities [1] (148,546,000) (707,914,000)
FINANCING ACTIVITIES    
Net (decrease) increase in short-term borrowings [1] (852,547,000) 424,297,000
Payments on long-term debt [1] (4,675,000) (253,410,000)
Payment of debt issuance costs [1] (2,123,000) 0
Purchases of treasury stock [1] (150,676,000) (762,059,000)
Cash dividends paid [1] (565,176,000) (511,966,000)
Proceeds from issuance of Common Stock, net of shares withheld for taxes [1] 137,470,000 86,610,000
Cash used by financing activities [1] (1,437,727,000) (1,016,528,000)
Effect of foreign currency rate changes on cash, cash equivalents and restricted cash [1] (681,000) 737,000
Net change in cash, cash equivalents and restricted cash [1] (150,291,000) (38,883,000)
Cash, cash equivalents and restricted cash – beginning of year [1] 689,190,000 608,280,000
Cash, cash equivalents and restricted cash – end of period [1] $ 538,899,000 $ 569,397,000
[1] The cash flows related to discontinued operations have not been segregated, and remain included in the major classes of assets and liabilities. Accordingly, the Consolidated Statements of Cash Flows include the results of continuing and discontinued operations.