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Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2023

Schedule of the Carrying Value of Assets Measured at Fair Value on a Recurring Basis

The following table summarizes our financial instruments measured at fair value on a recurring basis:


	March 31, 2023						April 1, 2022
(In millions)	Fair Value		Level 1		Level 2		Fair Value		Level 1		Level 2
Assets:
Money market funds	$	174	$	174	$	—	$	1,278	$	1,278	$	—

Corporate bonds	—		—		—		4		—		4
Interest rate swaps (1)	—		—		—		—		—		—
Total	$	174	$	174	$	—	$	1,282	$	1,278	$	4

(1) The fair value of our interest rate swaps is less than $1 million as of March 31, 2023. We did not have any interest rate swaps as of April 1, 2022.