Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Jan. 01, 2021

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:

	January 1, 2021						April 3, 2020
(In millions)	Fair Value		Level 1		Level 2		Fair Value		Level 1		Level 2
Assets:
Money market funds	$	228	$	228	$	—	$	1,346	$	1,346	$	—
Certificates of deposit	2		—		2		348		—		348
Corporate bonds	25		—		25		86		—		86
Total	$	255	$	228	$	27	$	1,780	$	1,346	$	434

Contractual Maturity of Investments in Debt Securities

The following table presents the contractual maturities of our investments in debt securities as of January 1, 2021:

(In millions)	Fair Value
Due in one year or less	$	16
Due after one year through five years	11
Total	$	27