Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 02, 2022
Apr. 03, 2021
Current assets    
Cash and equivalents $ 1,275,943 $ 815,750
Accounts receivable, less allowance for doubtful accounts of: March 2022 - $27,959; March 2021 - $33,654 1,467,842 1,298,020
Inventories 1,418,673 1,061,839
Short-term investments 0 598,806
Other current assets 425,622 423,877
Current assets of discontinued operations 0 587,578
Total current assets 4,588,080 4,785,870
Property, plant and equipment, net 1,041,777 975,876
Intangible assets, net 3,000,351 3,029,545
Goodwill 2,393,807 2,425,427
Operating lease right-of-use assets 1,247,056 1,474,434
Other assets 1,071,137 1,062,877
TOTAL ASSETS 13,342,208 13,754,029
Current liabilities    
Short-term borrowings 335,462 11,061
Current portion of long-term debt 501,051 1,023
Accounts payable 562,992 463,208
Accrued liabilities 1,915,892 1,609,928
Current liabilities of discontinued operations 0 125,257
Total current liabilities 3,315,397 2,210,477
Long-term debt 4,584,261 5,709,149
Operating lease liabilities 1,023,759 1,236,461
Other liabilities 888,436 1,541,778
Total liabilities 9,811,853 10,697,865
Commitments and contingencies
Stockholders' equity    
Preferred Stock, par value $1; shares authorized, 25,000,000; no shares outstanding at March 2022 or March 2021 0 0
Common Stock, stated value $0.25; shares authorized, 1,200,000,000; shares outstanding at March 2022 - 388,298,375; March 2021 - 391,941,477 97,075 97,985
Additional paid-in capital 3,916,384 3,777,645
Accumulated other comprehensive income (loss) (926,579) (1,009,000)
Retained earnings 443,475 189,534
Total stockholders’ equity 3,530,355 3,056,164
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 13,342,208 $ 13,754,029