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Stockholders' Equity
 12 Months Ended
Apr. 03, 2020
Equity [Abstract]  
Stockholders' Equity Stockholders’ Equity
Preferred stock
Our Board of Directors has the authority to issue up to 1 million shares of preferred stock and to determine the price, rights, preferences, privileges, and restrictions, including voting rights, of those shares without any further vote or action by the stockholders. As of April 3, 2020 and March 29, 2019, there were no shares outstanding.
Stock repurchase program
Under our stock repurchase program, we may purchase shares of our outstanding common stock through open market and through accelerated stock repurchase (ASR) transactions. On August 6, 2019, our Board of Directors increased the share repurchase authorization to $1,600 million. As of April 3, 2020, we have $578 million remaining under the authorization to be completed in future periods with no expiration date.
The following table summarizes activity related to our stock repurchase program.
 
Year Ended
(In millions, except per share amounts)
April 3, 2020
 
March 29, 2019
Number of shares repurchased
68

 
11

Average price per share
$
22.97

 
$
22.68

Aggregate purchase price
$
1,562

 
$
252


In fiscal 2019, we executed share repurchases of $18 million for 1 million shares settled in fiscal 2020.
In addition, in fiscal 2018, we received 2 million shares at an average price of $30.51 per share from the final settlement of an ASR entered into in fiscal 2017.
Accumulated other comprehensive income (loss)
Components and activities of AOCI, net of tax, were as follows:
(In millions)
Foreign Currency
Translation Adjustments
 
Unrealized Gain (Loss) On Available-For-Sale Securities
 
Equity Method Investee
 
Total AOCI
Balance as of March 30, 2018
$
8

 
$
(4
)
 
$
—

 
$
4

Other comprehensive loss before reclassifications
(13
)
 
3

 
(1
)
 
(11
)
Balance as of March 29, 2019
(5
)
 
(1
)
 
(1
)
 
(7
)
Other comprehensive income (loss) before reclassifications
(11
)
 
1

 
2

 
(8
)
Reclassification to net income
—

 
—

 
(1
)
 
(1
)
Balance as of April 3, 2020
$
(16
)
 
$
—

 
$
—

 
$
(16
)