Financial Instruments and Fair Value Measurements (Tables)

3 Months Ended

Jun. 29, 2018

Fair Value Disclosures [Abstract]

Schedule of the Carrying Value of Assets Measured at Fair Value on a Recurring Basis

The following table summarizes our financial instruments measured at fair value on a recurring basis:

	June 29, 2018						March 30, 2018
(In millions)	Fair Value		Level 1		Level 2		Fair Value		Level 1		Level 2
Assets:
Cash equivalents:
Money market funds	$	1,418	$	1,418	$	—	$	679	$	679	$	—
Certificates of deposit	111		—		111		79		—		79
Short-term investments:
Corporate bonds	318		—		318		374		—		374
Commercial paper	—		—		—		2		—		2
Certificates of deposit	6		—		6		12		—		12
Total	$	1,853	$	1,418	$	435	$	1,146	$	679	$	467

Available-for-sale Securities

The following table presents the contractual maturities of our investments in debt securities as of June 29, 2018:

(In millions)	Fair Value
Due in one year or less	$	88
Due after one year through five years	236
Total	$	324

Summarized Financial Information, Profit (Loss)

The following table summarizes unaudited financial data from the privately-held company for the three months ended March 31, 2018, which was provided to us on a three-month lag:

(In millions)
Revenue	$	66
Gross profit	$	53
Net loss	$	(82	)