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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Apr. 01, 2022
Current assets:    
Cash and cash equivalents $ 750 $ 1,887
Short-term investments 0 4
Accounts receivable, net 168 120
Other current assets 284 193
Assets held for sale 31 56
Total current assets 1,233 2,260
Property and equipment, net 76 60
Operating lease assets 43 74
Intangible assets, net 3,097 1,023
Goodwill 10,217 2,873
Other long-term assets 1,281 653
Total assets 15,947 6,943
Current liabilities:    
Accounts payable 77 63
Accrued compensation and benefits 102 81
Current portion of long-term debt 233 1,000
Contract liabilities 1,708 1,264
Current operating lease liabilities 26 18
Other current liabilities 703 639
Total current liabilities 2,849 3,065
Long-term debt 9,529 2,736
Long-term contract liabilities 80 42
Deferred income tax liabilities 395 75
Long-term income taxes payable 820 996
Long-term operating lease liabilities 31 75
Other long-term liabilities 43 47
Total liabilities 13,747 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; 640 and 582 shares issued and outstanding as of March 31, 2023 and April 1, 2022, respectively 2,800 1,851
Accumulated other comprehensive income (loss) (15) (4)
Retained earnings (accumulated deficit) (585) (1,940)
Total stockholders’ equity (deficit) 2,200 (93)
Total liabilities and stockholders’ equity (deficit) $ 15,947 $ 6,943