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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 01, 2022
Apr. 01, 2022
Current assets:    
Cash and cash equivalents $ 1,291 $ 1,887
Short-term investments 0 4
Accounts receivable, net 102 120
Other current assets 180 193
Assets held for sale 56 56
Total current assets 1,629 2,260
Property and equipment, net 56 60
Operating lease assets 70 74
Intangible assets, net 993 1,023
Goodwill 2,861 2,873
Other long-term assets 638 653
Total assets 6,247 6,943
Current liabilities:    
Accounts payable 71 63
Accrued compensation and benefits 48 81
Current portion of long-term debt 614 1,000
Contract liabilities 1,183 1,264
Current operating lease liabilities 19 18
Other current liabilities 689 639
Total current liabilities 2,624 3,065
Long-term debt 2,714 2,736
Long-term contract liabilities 37 42
Deferred income tax liabilities 63 75
Long-term income taxes payable 996 996
Long-term operating lease liabilities 69 75
Other long-term liabilities 43 47
Total liabilities 6,546 7,036
Commitments and contingencies (Note 18)
Stockholders’ equity (deficit):    
Common stock and additional paid-in capital, $0.01 par value: 3,000 shares authorized; 571 and 580 shares issued and outstanding as of July 1, 2022 and April 1, 2022, respectively 1,479 1,851
Accumulated other comprehensive income (loss) (44) (4)
Retained earnings (accumulated deficit) (1,734) (1,940)
Total stockholders’ equity (deficit) (299) (93)
Total liabilities and stockholders’ equity (deficit) $ 6,247 $ 6,943