Supplementary Information

12 Months Ended

Apr. 03, 2020

Supplementary Information [Abstract]

Supplementary Information (in millions)

Cash and cash equivalents:



	April 3, 2020		March 29, 2019
Cash	$	483	$	376
Cash equivalents	1,694		1,415
Total cash and cash equivalents	$	2,177	$	1,791

Accounts receivable, net:



	April 3, 2020			March 29, 2019
Accounts receivable	$	123		$	713
Allowance for doubtful accounts	(12		)	(5		)
Accounts receivable, net	$	111		$	708

Other current assets:



	April 3, 2020		March 29, 2019
Prepaid expenses	$	110	$	136
Income tax receivable and prepaid income taxes	150		61
Other tax receivable	88		69
Other	87		20
Total other current assets	$	435	$	286

Property and equipment, net:



	April 3, 2020			March 29, 2019
Land	$	7		$	65
Computer hardware and software	746			814
Office furniture and equipment	88			105
Buildings	108			364
Leasehold improvements	128			327
Construction in progress	1			9
Total property and equipment, gross	1,078			1,684
Accumulated depreciation and amortization	(840		)	(1,021		)
Total property and equipment, net	$	238		$	663

During fiscal 2020, we reclassified certain land and buildings previously reported as property and equipment to Assets held for sale in our Consolidated Balance Sheets. The properties have been approved for immediate sale in their present condition and are being actively marketed. We expect to sell the properties within the next twelve months and it is unlikely that significant changes to the plan will be made. As a result, we recognized an impairment of $24 million in fiscal 2020, which was included in restructuring costs, representing the difference between the estimated net sales price and the carrying value of one of our properties. The fair value of the other properties held for sale, net of costs to sell, exceeded their carrying value as of April 3, 2020.

Depreciation and amortization expense of property and equipment was $122 million, $139 million, and $151 million in fiscal 2020, 2019, and 2018, respectively.

Other long-term assets:



	April 3, 2020		March 29, 2019
Non-marketable equity investments	$	187	$	184
Equity method investment	—		32
Long-term income tax receivable and prepaid income taxes	38		34
Deferred income tax assets	387		830
Other	66		80
Total other long-term assets	$	678	$	1,160

Deferred income tax assets as of April 3, 2020 reflect a $454 million decrease as a result of the Broadcom sale.

Short-term contract liabilities:



	April 3, 2020		March 29, 2019
Deferred revenue	$	709	$	527
Customer deposit liabilities	340		505
Total short-term contract liabilities	$	1,049	$	1,032

Other current liabilities:



	April 3, 2020		March 29, 2019
Income taxes payable	$	195	$	103
Other taxes payable	141		143
Other accrued liabilities	251		278
Total other current liabilities	$	587	$	524

Long-term income taxes payable:



	April 3, 2020		March 29, 2019
Deemed repatriation tax payable	$	615	$	703
Uncertain tax positions (including interest and penalties)	695		373
Total long-term income taxes payable	$	1,310	$	1,076

Other income (expense), net:



	Year Ended
	April 3, 2020			March 29, 2019			March 30, 2018
Interest income	$	80		$	42		$	24
Loss from equity interest	(31		)	(101		)	(26		)
Foreign exchange loss	(6		)	(11		)	(18		)
Gain on divestitures	250			—			653
Gain on sale of equity method investment	379			—			—
Transition service expense, net	(19		)	—			—
Other	7			13			21
Total other income (expense), net	$	660		$	(57	)	$	654

Supplemental cash flow information:



	Year Ended
	April 3, 2020		March 29, 2019		March 30, 2018
Income taxes paid, net of refunds	$	1,985	$	112	$	354
Interest expense paid	$	179	$	183	$	199
Cash paid for amounts included in the measurement of operating lease liabilities	$	51	$	—	$	—
Non-cash operating activities:
Operating lease assets obtained in exchange for operating lease liabilities	$	15	$	—	$	—
Reduction of operating lease assets as a result of lease terminations and modifications	$	34	$	—	$	—
Non-cash investing and financing activities:
Purchases of property and equipment in current liabilities	$	—	$	23	$	26
Equity investment received as consideration in divestitures	$	—	$	—	$	160
Extinguishment and exchange of debt with borrowings from same creditors	$	1,073	$	—	$	—