Supplementary Information

9 Months Ended

Dec. 30, 2022

Supplementary Information [Abstract]

Supplementary Information

Supplementary Information

Cash and cash equivalents:

(In millions)	December 30, 2022		April 1, 2022
Cash	$	468	$	609
Cash equivalents	344		1,278
Total cash and cash equivalents	$	812	$	1,887

Accounts receivable, net:

(In millions)	December 30, 2022		April 1, 2022
Accounts receivable	$	169	$	121
Allowance for doubtful accounts	(1)		(1)
Total accounts receivable, net	$	168	$	120

Other current assets:

(In millions)	December 30, 2022		April 1, 2022
Prepaid expenses	$	118	$	107
Income tax receivable and prepaid income taxes	206		35
Other tax receivable	24		27
Other	18		24
Total other current assets	$	366	$	193

Property and equipment, net:

(In millions)	December 30, 2022		April 1, 2022
Land	$	14	$	2
Computer hardware and software	496		462
Office furniture and equipment	27		27
Buildings	41		27
Leasehold improvements	63		56
Construction in progress	1		1
Total property and equipment, gross	642		575
Accumulated depreciation and amortization	(538)		(515)
Total property and equipment, net	$	104	$	60

During the second quarter of fiscal 2023, we reclassified $26 million of buildings and leasehold improvements, which were previously reported as held for sale as of April 1, 2022, to property and equipment, net. Adjustments associated with catch-up depreciation were immaterial. Refer to Note 3 for further information about our assets held for sale.

Other long-term assets:

(In millions)	December 30, 2022		April 1, 2022
Non-marketable equity investments	$	182	$	178
Long-term income tax receivable and prepaid income taxes	21		25
Deferred income tax assets	348		351
Long-term prepaid royalty	41		53
Other	46		46
Total other long-term assets	$	638	$	653

Short-term contract liabilities:

(In millions)	December 30, 2022		April 1, 2022
Deferred revenue	$	1,093	$	743
Customer deposit liabilities	550		521
Total short-term contract liabilities	$	1,643	$	1,264

Other current liabilities:

(In millions)	December 30, 2022		April 1, 2022
Income taxes payable	$	243	$	109
Other taxes payable	88		87
Accrued legal fees	273		273
Accrued royalties	43		49
Accrued interest	42		32
Other	106		89
Total other current liabilities	$	795	$	639

Long-term income taxes payable:

(In millions)	December 30, 2022		April 1, 2022
Deemed repatriation tax payable	$	310	$	437
Other long-term income taxes	4		3
Uncertain tax positions (including interest and penalties)	614		556
Total long-term income taxes payable	$	928	$	996

Other income (expense), net:

	Three Months Ended				Nine Months Ended
(In millions)	December 30, 2022		December 31, 2021		December 30, 2022		December 31, 2021
Interest income	$	5	$	—	$	10	$	—
Foreign exchange gain (loss)	(7)		1		(8)		3
Gain (loss) on early extinguishment of debt	—		—		(9)		(5)
Gain on sale of properties	—		—		—		175
Other	4		(10)		10		(8)
Other income (expense), net	$	2	$	(9)	$	3	$	165

Supplemental cash flow information:

	Nine Months Ended
(In millions)	December 30, 2022		December 31, 2021
Income taxes paid, net of refunds	$	378	$	297
Interest expense paid	$	212	$	105
Cash paid for amounts included in the measurement of operating lease liabilities	$	18	$	19
Non-cash operating activities:
Operating lease assets obtained in exchange for operating lease liabilities	$	23	$	35
Reduction of operating lease assets as a result of lease terminations and modifications	$	29	$	16
Non-cash investing and financing activities:
Purchases of property and equipment in current liabilities	$	—	$	1
Extinguishment of debt with borrowings from same creditors	$	—	$	494
Non-cash consideration for the Merger with Avast	$	2,141	$	—