Stockholders' Equity

3 Months Ended

Jun. 29, 2018

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders' Equity

Dividends

The following table summarizes dividends declared and paid and dividend equivalents paid for the periods presented:

	Three Months Ended
(In millions, except per share data)	June 29, 2018		June 30, 2017
Dividends declared and paid	$	47	$	46
Dividend equivalents paid	13		20
Total dividends and dividend equivalents paid	$	60	$	66

On August 2, 2018, we announced a cash dividend of $0.075 per share of common stock to be paid in September 2018. On November 1, 2018, we announced a cash dividend of $0.075 per share of common stock to be paid in December 2018. All shares of common stock issued and outstanding and all restricted stock units (“RSUs”) and performance-based restricted stock units (“PRUs”) as of the record date will be entitled to the dividend and dividend equivalents, respectively. Any future dividends and dividend equivalents will be subject to the approval of our Board of Directors.

Stock Repurchase Program

Under our current stock repurchase program, we may purchase shares of our outstanding common stock through open market and through accelerated stock repurchase transactions. As of June 29, 2018, the remaining balance of our stock repurchase authorization was $800 million and does not have an expiration date.

Accumulated other comprehensive income (loss)

Components of Accumulated other comprehensive income (loss), net of taxes, were as follows:

(In millions)	Foreign Currency Translation Adjustments			Unrealized Loss on Available-For-Sale Securities			Total
Balance as of March 30, 2018	$	8		$	(4	)	$	4
Other comprehensive loss before reclassifications	(24		)	—			(24		)
Balance as of June 29, 2018	$	(16	)	$	(4	)	$	(20	)