Discontinued Operations (Tables)

9 Months Ended

Dec. 29, 2017

Discontinued Operations and Disposal Groups [Abstract]

Summary of Components of Divested and Discontinued Operations

As of the transaction close date, the carrying amounts of the major classes of assets and liabilities associated with the divestiture of our WSS and PKI solutions were as follows:

(In millions)	October 31, 2017
Assets:
Cash and cash equivalents	$	2
Accounts receivable, net	34
Goodwill and intangible assets, net	670
Other assets	40
Total assets	746
Liabilities:
Deferred revenue	285
Other liabilities	11
Total liabilities	$	296

The following table presents the income before income taxes for our WSS and PKI solutions for the periods indicated:

	Three Months Ended				Nine Months Ended
(In millions)	December 29, 2017		December 30, 2016		December 29, 2017		December 30, 2016
Income before income taxes	$	8	$	49	$	66	$	157

The following table presents the gain before income taxes associated with the divestiture:

(In millions)
Gain on divestiture:
Gain on sale of short-term investment	$	7
Gain on sale of other assets and liabilities	651
Total gain on divestiture	$	658

The following table presents information regarding certain components of income from discontinued operations, net of income taxes:

	Three Months Ended						Nine Months Ended
(In millions)	December 29, 2017			December 30, 2016			December 29, 2017			December 30, 2016
Net revenues	$	14		$	22		$	51		$	145
Cost of revenues	(5		)	(3		)	(21		)	(12		)
Operating expenses	(8		)	(2		)	(11		)	(26		)
Gain on sale of Veritas	—			—			—			38
Income from discontinued operations before income taxes	1			17			19			145
Income tax expense (benefit)	(30		)	(85		)	7			49
Income from discontinued operations, net of income taxes	$	31		$	102		$	12		$	96