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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
Common Stock and Additional Paid-In Capital
Common Stock and Additional Paid-In Capital
Cumulative Effect, Period of Adoption, Adjustment
[1]
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Retained Earnings (Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjustment
[1]
Beginning balance (in shares) at Apr. 02, 2021     580,000,000        
Beginning balance at Apr. 02, 2021 $ (500)   $ 2,229   $ 47 $ (2,776)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 181         181  
Other comprehensive income (loss), net of taxes 2       2    
Common stock issued under employee stock incentive plans (in shares)     2,000,000        
Common stock issued under employee stock incentive plans 1   $ 1        
Shares withheld for taxes related to vesting of restricted stock units (in shares)     (1,000,000)        
Shares withheld for taxes related to vesting of restricted stock units (15)   $ (15)        
Cash dividends declared and dividend equivalents accrued (74)   (74)        
Stock-based compensation 20   20        
Extinguishment of convertible debt (112)   $ (112)        
Ending balance (in shares) at Jul. 02, 2021     581,000,000        
Ending balance at Jul. 02, 2021 (497)   $ 2,049   49 (2,595)  
Beginning balance (in shares) at Apr. 02, 2021     580,000,000        
Beginning balance at Apr. 02, 2021 $ (500)   $ 2,229   47 (2,776)  
Ending balance (in shares) at Apr. 01, 2022 580,000,000   582,000,000        
Ending balance at Apr. 01, 2022 $ (93) $ (1) $ 1,851 $ (7) (4) (1,940) $ 6
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2020-06            
Net income (loss) $ 200         200  
Other comprehensive income (loss), net of taxes (40)       (40)    
Common stock issued under employee stock incentive plans (in shares)     2,000,000        
Common stock issued under employee stock incentive plans 0   $ 0        
Shares withheld for taxes related to vesting of restricted stock units (in shares)     (1,000,000)        
Shares withheld for taxes related to vesting of restricted stock units $ (16)   $ (16)        
Repurchases of common stock (in shares) (12,000,000)   (12,000,000)        
Repurchases of common stock $ (300)   $ (300)        
Cash dividends declared and dividend equivalents accrued (73)   (73)        
Stock-based compensation $ 24   $ 24        
Ending balance (in shares) at Jul. 01, 2022 571,000,000   571,000,000        
Ending balance at Jul. 01, 2022 $ (299)   $ 1,479   $ (44) $ (1,734)  
[1] Effective on April 2, 2022, the Company adopted ASU 2020-06 (Debt with Conversion and Other Options, ASC 470-20) using a modified retrospective method. See Note 2 for further information about this recently adopted guidance.