XML 34 R16.htm IDEA: XBRL DOCUMENT v3.23.1
Supplementary Information
 12 Months Ended
Mar. 31, 2023
Supplementary Information [Abstract]  
Supplementary Information Supplementary Information
Cash and cash equivalents:
(In millions)March 31, 2023April 1, 2022
Cash$576 $609 
Cash equivalents174 1,278 
Total cash and cash equivalents$750 $1,887 
Accounts receivable, net:
(In millions)March 31, 2023April 1, 2022
Accounts receivable$169 $121 
Allowance for doubtful accounts(1)(1)
Accounts receivable, net$168 $120 
Other current assets:
(In millions)March 31, 2023April 1, 2022
Prepaid expenses$122 $107 
Income tax receivable and prepaid income taxes123 35 
Other tax receivable16 27 
Other23 24 
Total other current assets$284 $193 
Property and equipment, net:
(In millions)March 31, 2023April 1, 2022
Land$13 $2 
Computer hardware and software498 462 
Office furniture and equipment17 27 
Buildings28 27 
Leasehold improvements28 56 
Construction in progress1 1 
Total property and equipment, gross585 575 
Accumulated depreciation and amortization(509)(515)
Total property and equipment, net$76 $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.
During the fourth quarter of fiscal 2023, we determined certain land and buildings in Dublin, Ireland, which were previously reported as property and equipment, net as of April 1, 2022, now qualifies as held for sale classification. As a result, we reclassified the aggregate $23 million carrying value from property and equipment, net to assets held for sale in our Consolidated Balance Sheets. Refer to Note 3 for further information about our assets held for sale.
Depreciation and amortization expense of property and equipment was $21 million, $16 million, and $45 million in fiscal 2023, 2022 and 2021, respectively.
Other long-term assets:
(In millions)March 31, 2023April 1, 2022
Non-marketable equity investments$176 $178 
Long-term income tax receivable and prepaid income taxes669 25 
Deferred income tax assets353 351 
Long-term prepaid royalty36 53 
Other47 46 
Total other long-term assets$1,281 $653 
Short-term contract liabilities:
(In millions)March 31, 2023April 1, 2022
Deferred revenue$1,153 $743 
Customer deposit liabilities555 521 
Total short-term contract liabilities$1,708 $1,264 
Other current liabilities:
(In millions)March 31, 2023April 1, 2022
Income taxes payable$172 $109 
Other taxes payable76 87 
Accrued legal fees284 273 
Accrued royalties48 49 
Accrued interest27 32 
Other accrued liabilities96 89 
Total other current liabilities$703 $639 
Long-term income taxes payable:
(In millions)March 31, 2023April 1, 2022
Deemed repatriation tax payable$310 $437 
Other long-term income taxes1 3 
Uncertain tax positions (including interest and penalties)509 556 
Total long-term income taxes payable$820 $996 
Other income (expense), net:
Year Ended
(In millions)March 31, 2023April 1, 2022April 2, 2021
Interest income$15 $— $4 
Foreign exchange gain (loss)(8)(2)1 
(Loss) gain on early extinguishment of debt(9)(3)20 
Gain on sale of properties— 175 98 
Transition service expense, net— — (9)
Other(20)(7)6 
Total other income (expense), net$(22)$163 $120 
Supplemental cash flow information:
Year Ended
(In millions)March 31, 2023April 1, 2022April 2, 2021
Income taxes paid, net of refunds$456 $356 $341 
Interest expense paid$390 $120 $139 
Cash paid for amounts included in the measurement of operating lease liabilities$26 $27 $34 
Non-cash operating activities:
Operating lease assets obtained in exchange for operating lease liabilities$23 $35 $34 
Reduction of operating lease assets as a result of lease terminations and modifications$31 $17 $26 
Non-cash investing and financing activities:
Purchases of property and equipment in current liabilities$1 $1 $— 
Extinguishment of debt with borrowings from same creditors$— $494 $— 
Non-cash consideration for the Merger with Avast$2,141 $— $—