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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 29, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 629 $ 750
Accounts receivable, net 147 168
Other current assets 278 284
Assets held for sale 22 31
Total current assets 1,076 1,233
Property and equipment, net 75 76
Operating lease assets 39 43
Intangible assets, net 2,859 3,097
Goodwill 10,199 10,217
Other long-term assets 2,163 1,281
Total assets 16,411 15,947
Current liabilities:    
Accounts payable 66 77
Accrued compensation and benefits 61 102
Current portion of long-term debt 175 233
Contract liabilities 1,599 1,708
Current operating lease liabilities 19 26
Other current liabilities 540 703
Total current liabilities 2,460 2,849
Long-term debt 9,333 9,529
Long-term contract liabilities 73 80
Deferred income tax liabilities 256 395
Long-term income taxes payable 1,213 820
Long-term operating lease liabilities 31 31
Other long-term liabilities 631 43
Total liabilities 13,997 13,747
Commitments and contingencies (Note 18)
Stockholders’ equity (deficit):    
Common stock and additional paid-in capital, $0.01 par value: 3,000 shares authorized; 641 and 640 shares issued and outstanding as of September 29, 2023 and March 31, 2023, respectively 2,655 2,800
Accumulated other comprehensive income (loss) 6 (15)
Retained earnings (accumulated deficit) (247) (585)
Total stockholders’ equity (deficit) 2,414 2,200
Total liabilities and stockholders’ equity (deficit) $ 16,411 $ 15,947