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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jul. 01, 2022
Jul. 02, 2021
OPERATING ACTIVITIES:    
Net income (loss) $ 200 $ 181
Adjustments:    
Amortization and depreciation 29 36
Stock-based compensation expense 24 20
Deferred income taxes (32) 1
Loss (gain) on extinguishment of debt 0 5
Non-cash operating lease expense 4 5
Other (26) 7
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 13 12
Accounts payable 9 24
Accrued compensation and benefits (32) (42)
Contract liabilities (53) (34)
Income taxes payable 60 21
Other assets 0 41
Other liabilities 19 (19)
Net cash provided by (used in) operating activities 215 258
INVESTING ACTIVITIES:    
Purchases of property and equipment (2) (1)
Proceeds from the maturities and sales of short-term investments 4 4
Other 2 (4)
Net cash provided by (used in) investing activities 4 (1)
FINANCING ACTIVITIES:    
Repayments of debt (410) (372)
Proceeds from issuance of debt, net of issuance costs 0 512
Net proceeds from sales of common stock under employee stock incentive plans 0 1
Tax payments related to vesting of restricted stock units (16) (13)
Dividends and dividend equivalents paid (81) (84)
Repurchases of common stock (300) 0
Net cash provided by (used in) financing activities (807) 44
Effect of exchange rate fluctuations on cash and cash equivalents (8) (4)
Change in cash and cash equivalents (596) 297
Beginning cash and cash equivalents 1,887 933
Ending cash and cash equivalents $ 1,291 $ 1,230