XML 25 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Sep. 30, 2022
Oct. 01, 2021
OPERATING ACTIVITIES:    
Net income $ 269 $ 514
Adjustments:    
Amortization and depreciation 78 71
Impairments and write-offs of current and long-lived assets (5) 3
Stock-based compensation expense 53 33
Deferred income taxes (51) 13
Loss (gain) on extinguishment of debt 9 5
Gain on sale of property 0 (175)
Non-cash operating lease expense 11 11
Other (45) 5
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 17 9
Accounts payable (18) 27
Accrued compensation and benefits 3 (36)
Contract liabilities (85) (47)
Income taxes payable (91) (97)
Other assets 9 (5)
Other liabilities (27) (13)
Net cash provided by (used in) operating activities 127 318
INVESTING ACTIVITIES:    
Purchases of property and equipment (4) (2)
Payments for acquisitions, net of cash acquired (6,550) (40)
Proceeds from the maturities and sales of short-term investments 4 4
Proceeds from the sale of property 0 355
Other 4 (4)
Net cash provided by (used in) investing activities (6,546) 313
FINANCING ACTIVITIES:    
Repayments of debt (2,738) (382)
Proceeds from issuance of debt, net of issuance costs 8,954 512
Net proceeds from sales of common stock under employee stock incentive plans 6 8
Tax payments related to vesting of restricted stock units (16) (14)
Dividends and dividend equivalents paid (153) (157)
Repurchases of common stock (404) 0
Net cash provided by (used in) financing activities 5,649 (33)
Effect of exchange rate fluctuations on cash and cash equivalents (22) (5)
Change in cash and cash equivalents (792) 593
Beginning cash and cash equivalents 1,887 933
Ending cash and cash equivalents $ 1,095 $ 1,526