Net Income Per Share (Tables)

3 Months Ended

Jul. 03, 2020

Earnings Per Share [Abstract]

Schedule of Components of Net Income Per Share

The components of basic and diluted net income (loss) per share are as follows:

	Three Months Ended
(In millions, except per share amounts)	July 3, 2020		July 5, 2019
Income from continuing operations	$	149	$	38
Loss from discontinued operations	(31)		(12)
Net income	$	118	$	26
Income (loss) per share - basic:
Continuing operations	$	0.25	$	0.06
Discontinued operations	$	(0.05)	$	(0.02)
Net income per share - basic	$	0.20	$	0.04
Income (loss) per share - diluted:
Continuing operations	$	0.24	$	0.06
Discontinued operations	$	(0.05)	$	(0.02)
Net income per share - diluted	$	0.19	$	0.04
Weighted-average shares outstanding - basic	590		619
Dilutive potentially issuable shares:
Convertible debt	20		10
Employee equity awards	4		13
Weighted-average shares outstanding - diluted	614		642
Anti-dilutive shares excluded from diluted net income per share calculation:
Employee equity awards	1		5

Schedule of Debt Conversion Rate

The conversion price of each convertible debt applicable in the periods presented is as follows:

	Three Months Ended
	July 3, 2020		July 5, 2019
2.5% Convertible Senior Notes due April 1, 2022	N/A		$	16.77
2.0% Convertible Senior Notes due August 15, 2022	$	10.23	$	20.41
New 2.5% Convertible Senior Notes due April 1, 2022	$	16.77	N/A
New 2.0% Convertible Senior Notes due August 15, 2022	$	20.41	N/A