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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
Common Stock and Additional Paid-In Capital
Common Stock and Additional Paid-In Capital
Cumulative Effect, Period of Adoption, Adjustment
[1]
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Retained Earnings (Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjustment
[1]
Balance, beginning of year (in shares) at Apr. 03, 2020     589,000,000        
Beginning balance at Apr. 03, 2020 $ 10   $ 3,356   $ (16) $ (3,330)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 554         554  
Other comprehensive income (loss), net of taxes 63       63    
Common stock issued under employee stock incentive plans (in shares)     8,000,000        
Common stock issued under employee stock incentive plans 24   $ 24        
Shares withheld for taxes related to vesting of restricted stock units (in shares)     (2,000,000)        
Shares withheld for taxes related to vesting of stock units $ (49)   $ (49)        
Repurchases of common stock (in shares) (15,000,000)   (15,000,000)        
Repurchases of common stock $ (304)   $ (304)        
Cash dividends declared and dividend equivalents accrued (301)   (301)        
Stock-based compensation 81   81        
Exchange and extinguishment of convertible debt (578)   $ (578)        
Balance, end of year (in shares) at Apr. 02, 2021     580,000,000        
Ending balance at Apr. 02, 2021 (500)   $ 2,229   47 (2,776)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 836         836  
Other comprehensive income (loss), net of taxes (51)       (51)    
Common stock issued under employee stock incentive plans (in shares)     3,000,000        
Common stock issued under employee stock incentive plans 14   $ 14        
Shares withheld for taxes related to vesting of restricted stock units (in shares)     (1,000,000)        
Shares withheld for taxes related to vesting of stock units (16)   $ (16)        
Cash dividends declared and dividend equivalents accrued (294)   (294)        
Stock-based compensation 70   70        
Exchange and extinguishment of convertible debt $ (152)   $ (152)        
Balance, end of year (in shares) at Apr. 01, 2022 582,000,000   582,000,000        
Ending balance at Apr. 01, 2022 $ (93) $ (1) $ 1,851 $ (7) (4) (1,940) $ 6
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2020-06            
Net income (loss) $ 1,349         1,349  
Other comprehensive income (loss), net of taxes (11)       (11)    
Common stock issued under employee stock incentive plans (in shares)     5,000,000        
Common stock issued under employee stock incentive plans 12   $ 12        
Shares withheld for taxes related to vesting of restricted stock units (in shares)     (1,000,000)        
Shares withheld for taxes related to vesting of stock units $ (19)   $ (19)        
Repurchases of common stock (in shares) (40,000,000)   (40,000,000)        
Repurchases of common stock $ (904)   $ (904)        
Cash dividends declared and dividend equivalents accrued (308)   (308)        
Stock-based compensation 134   134        
Extinguishment of convertible debt (100)   $ (100)        
Merger consideration (in shares)     94,000,000        
Merger consideration $ 2,141   $ 2,141        
Balance, end of year (in shares) at Mar. 31, 2023 640,000,000   640,000,000        
Ending balance at Mar. 31, 2023 $ 2,200   $ 2,800   $ (15) $ (585)  
[1] Effective on April 2, 2022, the Company adopted ASU 2020-06 (Debt with Conversion and Other Options, ASC 470-20) using a modified retrospective method. See Note 2 for further information about this recently adopted guidance.