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Fair Value Measurements (Tables)
9 Months Ended
Dec. 29, 2017
Fair Value Disclosures [Abstract]  
Schedule of the Carrying Value of Assets Measured at Fair Value on a Recurring Basis
The following table summarizes our assets measured at fair value on a recurring basis, by level, within the fair value hierarchy:
 
December 29, 2017
 
March 31, 2017
(In millions)
Fair Value
 
Cash and Cash Equivalents
 
Short-Term Investments
 
Fair Value
 
Cash and Cash Equivalents
 
Short-Term Investments
Cash
$
712

 
$
712

 
$

 
$
1,183

 
$
1,183

 
$

Non-negotiable certificates of deposit
381

 
381

 

 
15

 
15

 

Level 1 (Quoted prices in active markets for identical assets):
 
 
 
 
 
 
 
 
 
 
 
Money market funds
814

 
814

 

 
2,532

 
2,532

 

U.S. government securities
64

 
64

 

 
94

 
94

 

Marketable equity securities

 

 

 
9

 

 
9

Total level 1
878

 
878

 

 
2,635

 
2,626

 
9

Level 2 (Significant other observable inputs):
 
 
 
 
 
 
 
 
 
 
 
Corporate bonds
367

 

 
367

 

 

 

U.S. agency securities
63

 
63

 

 
75

 
75

 

Commercial paper
119

 
108

 
11

 
348

 
348

 

Negotiable certificates of deposit
12

 

 
12

 

 

 

Total level 2
561

 
171

 
390

 
423

 
423

 

Total
$
2,532

 
$
2,142

 
$
390

 
$
4,256

 
$
4,247

 
$
9

Contractual Maturity of Debt Investments
The following table presents the contractual maturities of our debt investments as of December 29, 2017:
(In millions)
Fair Value
Due in one year or less
$
66

Due after one year through five years
324

Total
$
390