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Financial Instruments and Fair Value Measurements (Tables)
9 Months Ended
Dec. 28, 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:
 
December 28, 2018
 
March 30, 2018
(In millions)
Fair Value
 
Level 1
 
Level 2
 
Fair Value
 
Level 1
 
Level 2
Assets:
 
 
 
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
 
 
 
Money market funds
$
1,485

 
$
1,485

 
$

 
$
679

 
$
679

 
$

Certificates of deposit
511

 

 
511

 
79

 

 
79

Short-term investments:
 
 
 
 
 
 
 
 
 
 
 
Corporate bonds
269

 

 
269

 
374

 

 
374

Commercial paper

 

 

 
2

 

 
2

Certificates of deposit
1

 

 
1

 
12

 

 
12

Total
$
2,266

 
$
1,485

 
$
781

 
$
1,146

 
$
679

 
$
467

Available-for-sale Securities
The following table presents the contractual maturities of our investments in debt securities as of December 28, 2018:
(In millions)
Fair Value
Due in one year or less
$
64

Due after one year through five years
206

Total
$
270

Summarized Financial Information, Profit (Loss)
The following table summarizes unaudited financial data from the privately-held company which was provided to us on a three-month lag:
 
Three Months Ended
 
Nine Months Ended
(In millions)
December 28, 2018
Revenue
$
80

 
$
220

Gross profit
$
67

 
$
181

Net loss
$
(83
)
 
$
(288
)