|
Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified
|
1 Months Ended |
11 Months Ended |
12 Months Ended |
|
Jun. 07, 2013
|
Dec. 29, 2013
|
Apr. 28, 2013
|
Apr. 29, 2012
|
Apr. 27, 2011
|
| Investing Activities: |
|
|
|
|
|
| Acquisitions, net of cash acquired |
|
|
|
|
$ (618,302) |
| Financing Activities: |
|
|
|
|
|
| Exercise of stock options |
900 |
|
113,500 |
82,700 |
154,800 |
| Earn-out settlement |
|
(44,547) |
|
|
|
|
Successor [Member]
|
|
|
|
|
|
| Operating Activities: |
|
|
|
|
|
| Loss from continuing operations |
|
(71,718) |
|
|
|
| Adjustments to reconcile net income to cash provided by operating activities: |
|
|
|
|
|
| Depreciation |
|
230,987 |
|
|
|
| Amortization |
|
48,975 |
|
|
|
| Amortization of deferred debt issuance costs |
|
29,091 |
|
|
|
| Inventory fair value step-up charged to cost of products sold |
|
383,300 |
|
|
|
| Deferred tax (benefit)/provision |
|
(298,003) |
|
|
|
| Net losses on divestitures |
|
0 |
|
|
|
| Impairment on assets held for sale |
|
0 |
|
|
|
| Pension contributions |
|
(152,116) |
|
|
|
| Asset write-downs from Fiscal 2012 productivity initiatives |
|
0 |
|
|
|
| Unrealized gain on derivative instruments |
|
(117,934) |
|
|
|
| Other items, net |
|
49,535 |
|
|
|
| Changes in current assets and liabilities, excluding effects of acquisitions and divestitures: |
|
|
|
|
|
| Receivables (includes proceeds from securitization) |
|
(118,509) |
|
|
|
| Inventories |
|
84,339 |
|
|
|
| Prepaid expenses and other current assets |
|
43,630 |
|
|
|
| Accounts payable |
|
(89,807) |
|
|
|
| Accrued liabilities |
|
77,724 |
|
|
|
| Income taxes |
|
(64,436) |
|
|
|
| Cash provided by operating activities |
|
35,058 |
|
|
|
| Investing Activities: |
|
|
|
|
|
| Capital expenditures |
|
(202,015) |
|
|
|
| Proceeds from disposals of property, plant and equipment |
|
6,098 |
|
|
|
| Acquisitions, net of cash acquired |
|
(21,494,287) |
|
|
|
| Proceeds from divestitures |
|
25,987 |
|
|
|
| Sale of short-term investments |
|
0 |
|
|
|
| Change in restricted cash |
|
0 |
|
|
|
| Other items, net |
|
(7,214) |
|
|
|
| Cash used for investing activities |
|
(21,671,431) |
|
|
|
| Financing Activities: |
|
|
|
|
|
| Payments on long-term debt |
|
(2,669,915) |
|
|
|
| Proceeds from long-term debt |
|
12,574,575 |
|
|
|
| Debt issuance costs |
|
(320,824) |
|
|
|
| Net proceds/(payments) on commercial paper and short-term debt |
|
(1,640,590) |
|
|
|
| Dividends |
|
(360,000) |
|
|
|
| Purchase of treasury stock |
|
0 |
|
|
|
| Exercise of stock options |
|
0 |
|
|
|
| Acquisition of subsidiary shares from noncontrolling interests |
|
0 |
|
|
|
| Capital contributions |
|
16,500,000 |
|
|
|
| Other items, net |
|
25,995 |
|
|
|
| Cash provided by/(used for) financing activities |
|
24,109,241 |
|
|
|
| Effect of exchange rate changes on cash and cash equivalents |
|
(13,876) |
|
|
|
| Net increase in cash and cash equivalents |
|
2,458,992 |
|
|
|
| Cash and cash equivalents at beginning of year |
|
0 |
|
|
|
| Cash and cash equivalents at end of year |
|
2,458,992 |
|
|
|
|
Predecessor [Member]
|
|
|
|
|
|
| Operating Activities: |
|
|
|
|
|
| Loss from continuing operations |
(192,697) |
|
1,027,333 |
939,908 |
1,005,948 |
| Adjustments to reconcile net income to cash provided by operating activities: |
|
|
|
|
|
| Depreciation |
35,880 |
|
302,057 |
295,718 |
255,227 |
| Amortization |
4,276 |
|
42,161 |
43,499 |
39,597 |
| Amortization of deferred debt issuance costs |
867 |
|
4,692 |
3,576 |
3,836 |
| Inventory fair value step-up charged to cost of products sold |
0 |
|
0 |
0 |
0 |
| Deferred tax (benefit)/provision |
(20,492) |
|
(87,265) |
(94,816) |
153,725 |
| Net losses on divestitures |
0 |
|
19,532 |
0 |
0 |
| Impairment on assets held for sale |
0 |
|
36,000 |
0 |
0 |
| Pension contributions |
(6,812) |
|
(69,388) |
(23,469) |
(22,411) |
| Asset write-downs from Fiscal 2012 productivity initiatives |
0 |
|
0 |
58,736 |
0 |
| Unrealized gain on derivative instruments |
0 |
|
0 |
0 |
0 |
| Other items, net |
23,706 |
|
84,834 |
75,375 |
98,172 |
| Changes in current assets and liabilities, excluding effects of acquisitions and divestitures: |
|
|
|
|
|
| Receivables (includes proceeds from securitization) |
(3,360) |
|
(166,239) |
171,832 |
(91,057) |
| Inventories |
(183,413) |
|
(49,468) |
60,919 |
(80,841) |
| Prepaid expenses and other current assets |
(18,411) |
|
14,111 |
(11,584) |
(1,682) |
| Accounts payable |
(69,825) |
|
168,898 |
(72,352) |
233,339 |
| Accrued liabilities |
48,025 |
|
71,846 |
(20,008) |
(60,862) |
| Income taxes |
10,163 |
|
(9,141) |
65,783 |
50,652 |
| Cash provided by operating activities |
(372,093) |
|
1,389,963 |
1,493,117 |
1,583,643 |
| Investing Activities: |
|
|
|
|
|
| Capital expenditures |
(120,154) |
|
(399,098) |
(418,734) |
(335,646) |
| Proceeds from disposals of property, plant and equipment |
108 |
|
18,986 |
9,817 |
13,158 |
| Acquisitions, net of cash acquired |
0 |
|
0 |
(3,250) |
(618,302) |
| Proceeds from divestitures |
0 |
|
16,787 |
3,828 |
1,939 |
| Sale of short-term investments |
|
|
0 |
56,780 |
0 |
| Change in restricted cash |
33,892 |
|
3,994 |
(39,052) |
(5,000) |
| Other items, net |
(3,641) |
|
(13,789) |
(11,394) |
(5,781) |
| Cash used for investing activities |
(89,795) |
|
(373,120) |
(402,005) |
(949,632) |
| Financing Activities: |
|
|
|
|
|
| Payments on long-term debt |
(439,747) |
|
(224,079) |
(1,440,962) |
(45,766) |
| Proceeds from long-term debt |
1,521 |
|
205,350 |
1,912,467 |
229,851 |
| Debt issuance costs |
0 |
|
0 |
0 |
0 |
| Net proceds/(payments) on commercial paper and short-term debt |
480,672 |
|
1,089,882 |
(42,543) |
(193,200) |
| Dividends |
0 |
|
(665,691) |
(619,104) |
(579,618) |
| Purchase of treasury stock |
0 |
|
(139,069) |
(201,904) |
(70,003) |
| Exercise of stock options |
886 |
|
113,477 |
82,714 |
154,774 |
| Acquisition of subsidiary shares from noncontrolling interests |
0 |
|
(80,132) |
(54,824) |
(6,338) |
| Capital contributions |
0 |
|
0 |
0 |
0 |
| Other items, net |
42,086 |
|
(42,811) |
1,321 |
27,791 |
| Cash provided by/(used for) financing activities |
85,418 |
|
256,927 |
(362,835) |
(482,509) |
| Effect of exchange rate changes on cash and cash equivalents |
(30,262) |
|
(127,512) |
(122,147) |
89,556 |
| Net increase in cash and cash equivalents |
(406,732) |
|
1,146,258 |
606,130 |
241,058 |
| Cash and cash equivalents at beginning of year |
2,476,699 |
|
1,330,441 |
724,311 |
483,253 |
| Cash and cash equivalents at end of year |
$ 2,069,967 |
|
$ 2,476,699 |
$ 1,330,441 |
$ 724,311 |