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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2023
Apr. 01, 2022
Apr. 02, 2021
OPERATING ACTIVITIES:      
Net income $ 1,349 $ 836 $ 554
Adjustments:      
Amortization and depreciation 329 140 150
Impairments and write-offs of current and long-lived assets 25 13 90
Stock-based compensation expense 134 70 81
Deferred income taxes (145) (81) 42
Loss (gain) on extinguishment of debt 9 3 (20)
Gain on sale of properties 0 (175) (98)
Non-cash operating lease expense 23 20 22
Other 2 1 52
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net 11 (9) 3
Accounts payable (8) 10 (44)
Accrued compensation and benefits (6) (26) (10)
Contract liabilities (5) 67 118
Income taxes payable (128) (78) (299)
Other assets (696) (7) 144
Other liabilities (137) 190 (79)
Net cash provided by (used in) operating activities 757 974 706
INVESTING ACTIVITIES:      
Purchases of property and equipment (6) (6) (6)
Payments for acquisitions, net of cash acquired (6,547) (39) (344)
Proceeds from the maturities and sales of short-term investments 4 15 68
Proceeds from the sale of properties 0 355 218
Other 2 1 (5)
Net cash provided by (used in) investing activities (6,547) 326 (69)
FINANCING ACTIVITIES:      
Repayments of debt and related equity component (3,047) (541) (1,941)
Proceeds from issuance of debt, net of issuance costs 8,954 512 750
Net proceeds from sales of common stock under employee stock incentive plans 12 14 24
Tax payments related to vesting of stock units (20) (15) (58)
Dividends and dividend equivalents paid (314) (303) (373)
Repurchases of common stock (904) 0 (304)
Other 0 0 (1)
Net cash provided by (used in) financing activities 4,681 (333) (1,903)
Effect of exchange rate fluctuations on cash and cash equivalents (28) (13) 22
Change in cash and cash equivalents (1,137) 954 (1,244)
Beginning cash and cash equivalents 1,887 933 2,177
Ending cash and cash equivalents $ 750 $ 1,887 $ 933