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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 30, 2023
Jul. 01, 2022
OPERATING ACTIVITIES:    
Net income $ 189 $ 200
Adjustments:    
Amortization and depreciation 125 29
Stock-based compensation expense 37 24
Deferred income taxes (59) (32)
Gain on sale of property (4) 0
Non-cash operating lease expense 6 4
Other 18 (26)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 20 13
Accounts payable (12) 9
Accrued compensation and benefits (42) (32)
Contract liabilities (68) (53)
Income taxes payable 28 60
Other assets (27) 0
Other liabilities 15 19
Net cash provided by (used in) operating activities 226 215
INVESTING ACTIVITIES:    
Purchases of property and equipment (4) (2)
Proceeds from the maturities and sales of short-term investments 0 4
Other (2) 2
Net cash provided by (used in) investing activities (6) 4
FINANCING ACTIVITIES:    
Repayments of debt (208) (410)
Tax payments related to vesting of stock units (18) (16)
Dividends and dividend equivalents paid (83) (81)
Repurchases of common stock (41) (300)
Net cash provided by (used in) financing activities (350) (807)
Effect of exchange rate fluctuations on cash and cash equivalents 3 (8)
Change in cash and cash equivalents (127) (596)
Beginning cash and cash equivalents 750 1,887
Ending cash and cash equivalents $ 623 $ 1,291