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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 30, 2022
Apr. 01, 2022
Current assets:    
Cash and cash equivalents $ 812 $ 1,887
Short-term investments 0 4
Accounts receivable, net 168 120
Other current assets 366 193
Assets held for sale 30 56
Total current assets 1,376 2,260
Property and equipment, net 104 60
Operating lease assets 49 74
Intangible assets, net 3,212 1,023
Goodwill 10,124 2,873
Other long-term assets 638 653
Total assets 15,503 6,943
Current liabilities:    
Accounts payable 75 63
Accrued compensation and benefits 106 81
Current portion of long-term debt 233 1,000
Contract liabilities 1,643 1,264
Current operating lease liabilities 26 18
Other current liabilities 795 639
Total current liabilities 2,878 3,065
Long-term debt 9,831 2,736
Long-term contract liabilities 86 42
Deferred income tax liabilities 386 75
Long-term income taxes payable 928 996
Long-term operating lease liabilities 38 75
Other long-term liabilities 46 47
Total liabilities 14,193 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; 639 and 582 shares issued and outstanding as of December 30, 2022 and April 1, 2022, respectively 2,838 1,851
Accumulated other comprehensive income (loss) (28) (4)
Retained earnings (accumulated deficit) (1,500) (1,940)
Total stockholders’ equity (deficit) 1,310 (93)
Total liabilities and stockholders’ equity (deficit) $ 15,503 $ 6,943