Net Income Per Share (Tables)

3 Months Ended

Jul. 01, 2022

Earnings Per Share [Abstract]

Schedule of Components of Net Income (Loss) 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 1, 2022		July 2, 2021
Net income (loss)	$	200	$	181
Net income (loss) per share - basic	$	0.35	$	0.31
Net income (loss) per share - diluted	$	0.33	$	0.31
Weighted-average shares outstanding - basic	578		580
Dilutive potentially issuable shares:
Convertible debt	22		7
Employee equity awards	4		4
Weighted-average shares outstanding - diluted	604		591

Schedule of Debt Conversion Rate

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

	Three Months Ended
	July 1, 2022		July 2, 2021
New 2.00% Convertible Senior Notes due August 15, 2022	$	20.41	$	20.41