XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Sep. 29, 2023
Sep. 30, 2022
OPERATING ACTIVITIES:    
Net income (loss) $ 338 $ 269
Adjustments:    
Amortization and depreciation 250 78
Impairments and write-offs of current and long-lived assets 0 (5)
Stock-based compensation expense 72 53
Deferred income taxes (976) (51)
Loss (gain) on extinguishment of debt 0 9
Gain on sale of property (4) 0
Non-cash operating lease expense 11 11
Other 17 (45)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 16 17
Accounts payable (15) (18)
Accrued compensation and benefits (41) 3
Contract liabilities (99) (85)
Income taxes payable 417 (91)
Other assets (21) 9
Other liabilities 386 (27)
Net cash provided by (used in) operating activities 351 127
INVESTING ACTIVITIES:    
Purchases of property and equipment (9) (4)
Payments for acquisitions, net of cash acquired 0 (6,550)
Proceeds from the maturities and sales of short-term investments 0 4
Proceeds from the sale of property 13 0
Other (1) 4
Net cash provided by (used in) investing activities 3 (6,546)
FINANCING ACTIVITIES:    
Repayments of debt (266) (2,738)
Proceeds from issuance of debt, net of issuance costs 0 8,954
Net proceeds from sales of common stock under employee stock incentive plans 6 6
Tax payments related to vesting of stock units (20) (16)
Dividends and dividend equivalents paid (164) (153)
Repurchases of common stock (41) (404)
Net cash provided by (used in) financing activities (485) 5,649
Effect of exchange rate fluctuations on cash and cash equivalents 10 (22)
Change in cash and cash equivalents (121) (792)
Beginning cash and cash equivalents 750 1,887
Ending cash and cash equivalents $ 629 $ 1,095