Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Apr. 03, 2020

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:

	April 3, 2020						March 29, 2019
(In millions)	Fair Value		Level 1		Level 2		Fair Value		Level 1		Level 2
Assets:
Money market funds	$	1,346	$	1,346	$	—	$	1,415	$	1,415	$	—
Certificates of deposit	348		—		348		1		—		1
Corporate bonds	86		—		86		251		—		251
Total	$	1,780	$	1,346	$	434	$	1,667	$	1,415	$	252

Available-for-sale Securities

The following table presents the contractual maturities of our investments in debt securities as of April 3, 2020:

(In millions)	Fair Value
Due in one year or less	$	407
Due after one year through five years	27
Total	$	434

Equity Method Investments

The following table summarizes DigiCert’s results of operations through October 16, 2019, the date of our investment sale.

(In millions)	Period from January 1, 2019 to October 16, 2019 (unaudited)			Year Ended December 31, 2018
Revenue	$	350		$	313
Gross profit	$	293		$	250
Net loss	$	(102	)	$	(342	)

The following table summarizes DigiCert’s balance sheet information as of December 31, 2018, its last fiscal year end prior to the sale of our equity investment.

(In millions)
Current assets	$	168
Long-term assets	$	1,641
Current liabilities	$	331
Long-term liabilities	$	1,862