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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Apr. 01, 2022
Current assets:    
Cash and cash equivalents $ 1,095 $ 1,887
Short-term investments 0 4
Accounts receivable, net 152 120
Other current assets 345 193
Assets held for sale 30 56
Total current assets 1,622 2,260
Property and equipment, net 108 60
Operating lease assets 50 74
Intangible assets, net 3,332 1,023
Goodwill 10,126 2,873
Other long-term assets 644 653
Total assets 15,882 6,943
Current liabilities:    
Accounts payable 66 63
Accrued compensation and benefits 111 81
Current portion of long-term debt 175 1,000
Contract liabilities 1,597 1,264
Current operating lease liabilities 24 18
Other current liabilities 852 639
Total current liabilities 2,825 3,065
Long-term debt 9,883 2,736
Long-term contract liabilities 87 42
Deferred income tax liabilities 392 75
Long-term income taxes payable 913 996
Long-term operating lease liabilities 41 75
Other long-term liabilities 43 47
Total liabilities 14,184 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; 661 and 582 shares issued and outstanding as of September 30, 2022 and April 1, 2022, respectively 3,378 1,851
Accumulated other comprehensive income (loss) (15) (4)
Retained earnings (accumulated deficit) (1,665) (1,940)
Total stockholders’ equity (deficit) 1,698 (93)
Total liabilities and stockholders’ equity (deficit) $ 15,882 $ 6,943