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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jul. 02, 2021
Jul. 03, 2020
OPERATING ACTIVITIES:    
Net income $ 181 $ 118
Adjustments:    
Amortization and depreciation 36 46
Impairments and write-offs of current and long-lived assets 0 85
Stock-based compensation expense 20 25
Deferred income taxes 1 20
Loss (gain) on extinguishment of debt 5 (20)
Non-cash operating lease expense 5 6
Other 7 24
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 12 5
Accounts payable 24 (28)
Accrued compensation and benefits (42) (39)
Contract liabilities (34) (29)
Income taxes payable 21 (88)
Other assets 41 62
Other liabilities (19) (17)
Net cash provided by (used in) operating activities 258 170
INVESTING ACTIVITIES:    
Purchases of property and equipment (1) (1)
Proceeds from the maturities and sales of short-term investments 4 29
Other (4) (5)
Net cash provided by (used in) investing activities (1) 23
FINANCING ACTIVITIES:    
Repayments of debt and related equity component (372) (1,179)
Proceeds from issuance of debt, net of issuance costs 512 0
Net proceeds from sales of common stock under employee stock incentive plans 1 2
Tax payments related to restricted stock units (13) (23)
Dividends and dividend equivalents paid (84) (105)
Net cash provided by (used in) financing activities 44 (1,305)
Effect of exchange rate fluctuations on cash and cash equivalents (4) 8
Change in cash and cash equivalents 297 (1,104)
Beginning cash and cash equivalents 933 2,177
Ending cash and cash equivalents $ 1,230 $ 1,073