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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jan. 01, 2021
Apr. 03, 2020
Current assets:    
Cash and cash equivalents $ 1,046 $ 2,177
Short-term investments 27 86
Accounts receivable, net 111 111
Other current assets 394 435
Assets held for sale 270 270
Total current assets 1,848 3,079
Property and equipment, net 70 238
Operating lease assets 80 88
Intangible assets, net 999 1,067
Goodwill 2,606 2,585
Other long-term assets 754 678
Total assets 6,357 7,735
Current liabilities:    
Accounts payable 67 87
Accrued compensation and benefits 86 115
Current portion of long-term debt 63 756
Contract liabilities 1,090 1,049
Current operating lease liabilities 24 28
Other current liabilities 491 587
Total current liabilities 1,821 2,622
Long-term debt 3,542 3,465
Long-term contract liabilities 45 27
Deferred income tax liabilities 201 149
Long-term income taxes payable 1,096 1,310
Long-term operating lease liabilities 73 73
Other long-term liabilities 71 79
Total liabilities 6,849 7,725
Commitments and contingencies (Note 17)
Stockholders’ equity (deficit):    
Common stock and additional paid-in capital, $0.01 par value: 3,000 shares authorized; 587 and 589 shares issued and outstanding as of January 1, 2021 and April 3, 2020, respectively 2,420 3,356
Accumulated other comprehensive income (loss) 58 (16)
Accumulated deficit (2,970) (3,330)
Total stockholders’ equity (deficit) (492) 10
Total liabilities and stockholders’ equity (deficit) $ 6,357 $ 7,735