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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) 514         514  
Other comprehensive income (loss), net of taxes (13)       (13)    
Common stock issued under employee stock incentive plans (in shares)     3,000,000        
Common stock issued under employee stock incentive plans 8   $ 8        
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 (147)   (147)        
Stock-based compensation 33   33        
Extinguishment of convertible debt (112)   $ (112)        
Ending balance (in shares) at Oct. 01, 2021     582,000,000        
Ending balance at Oct. 01, 2021 (232)   $ 1,996   34 (2,262)  
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 582,000,000   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            
Beginning balance (in shares) at Jul. 02, 2021     581,000,000        
Beginning balance at Jul. 02, 2021 $ (497)   $ 2,049   49 (2,595)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 333         333  
Other comprehensive income (loss), net of taxes (15)       (15)    
Common stock issued under employee stock incentive plans (in shares)     1,000,000        
Common stock issued under employee stock incentive plans 7   $ 7        
Cash dividends declared and dividend equivalents accrued (73)   (73)        
Stock-based compensation 13   $ 13        
Ending balance (in shares) at Oct. 01, 2021     582,000,000        
Ending balance at Oct. 01, 2021 $ (232)   $ 1,996   34 (2,262)  
Beginning balance (in shares) at Apr. 01, 2022 582,000,000   582,000,000        
Beginning balance at Apr. 01, 2022 $ (93) $ (1) $ 1,851 $ (7) (4) (1,940) $ 6
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 269         269  
Other comprehensive income (loss), net of taxes (11)       (11)    
Common stock issued under employee stock incentive plans (in shares)     3,000,000        
Common stock issued under employee stock incentive plans 6   $ 6        
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) (17,000,000)   (17,000,000)        
Repurchases of common stock $ (404)   $ (404)        
Cash dividends declared and dividend equivalents accrued (146)   (146)        
Stock-based compensation 53   53        
Extinguishment of convertible debt (100)   $ (100)        
Merger consideration (in shares)     94,000,000        
Merger consideration $ 2,141   $ 2,141        
Ending balance (in shares) at Sep. 30, 2022 661,000,000   661,000,000        
Ending balance at Sep. 30, 2022 $ 1,698   $ 3,378   (15) (1,665)  
Beginning balance (in shares) at Jul. 01, 2022     571,000,000        
Beginning balance at Jul. 01, 2022 (299)   $ 1,479   (44) (1,734)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 69         69  
Other comprehensive income (loss), net of taxes 29       29    
Common stock issued under employee stock incentive plans (in shares)     1,000,000        
Common stock issued under employee stock incentive plans 6   $ 6        
Repurchases of common stock (in shares)     (5,000,000)        
Repurchases of common stock (104)   $ (104)        
Cash dividends declared and dividend equivalents accrued (73)   (73)        
Stock-based compensation 29   29        
Extinguishment of convertible debt (100)   $ (100)        
Merger consideration (in shares)     94,000,000        
Merger consideration $ 2,141   $ 2,141        
Ending balance (in shares) at Sep. 30, 2022 661,000,000   661,000,000        
Ending balance at Sep. 30, 2022 $ 1,698   $ 3,378   $ (15) $ (1,665)  
[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.