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Supplementary Information
 9 Months Ended
Dec. 29, 2023
Supplementary Information [Abstract]  
Supplementary Information Supplementary Information
Cash and cash equivalents:
(In millions)December 29, 2023March 31, 2023
Cash$372 $576 
Cash equivalents118 174 
Total cash and cash equivalents$490 $750 
Accounts receivable, net:
(In millions)December 29, 2023March 31, 2023
Accounts receivable$162 $169 
Allowance for doubtful accounts(2)(1)
Total accounts receivable, net$160 $168 
Other current assets:
(In millions)December 29, 2023March 31, 2023
Prepaid expenses$131 $122 
Income tax receivable and prepaid income taxes857 123 
Other tax receivable40 16 
Other27 23 
Total other current assets$1,055 $284 
Property and equipment, net:
(In millions)December 29, 2023March 31, 2023
Land$13 $13 
Computer hardware and software496 498 
Office furniture and equipment18 17 
Buildings28 28 
Leasehold improvements40 28 
Construction in progress4 1 
Total property and equipment, gross599 585 
Accumulated depreciation and amortization(523)(509)
Total property and equipment, net$76 $76 
Other long-term assets:
(In millions)December 29, 2023March 31, 2023
Non-marketable equity investments$176 $176 
Long-term income tax receivable and prepaid income taxes19 669 
Deferred income tax assets1,198 353 
Long-term prepaid royalty24 36 
Other59 47 
Total other long-term assets$1,476 $1,281 
Short-term contract liabilities:
(In millions)December 29, 2023March 31, 2023
Deferred revenue$1,069 $1,153 
Customer deposit liabilities597 555 
Total short-term contract liabilities$1,666 $1,708 
Other current liabilities:
(In millions)December 29, 2023March 31, 2023
Income taxes payable$194 $172 
Other taxes payable111 76 
Accrued legal fees94 284 
Accrued royalties60 48 
Accrued interest38 27 
Other83 96 
Total other current liabilities$580 $703 
Other long-term liabilities:
(In millions)December 29, 2023March 31, 2023
Long-term accrued legal fees$592 $— 
Other 47 43 
Total other long-term liabilities$639 $43 
Long-term income taxes payable:
(In millions)December 29, 2023March 31, 2023
Deemed repatriation tax payable$139 $310 
Other long-term income taxes2 1 
Unrecognized tax benefits and related interest and penalties1,069 509 
Total long-term income taxes payable$1,210 $820 
As of December 29, 2023, total deferred income taxes changed by $975 million, which primarily relates to goodwill of $592 million, intangibles of $104 million, and other accruals and reserves not currently tax deductible of $156 million, and current year unrecognized tax benefits and penalties, which increased by $436 million and $87 million, respectively.
As of December 29, 2023, income tax receivable and prepaid income taxes increased $702 million, accompanied by an offsetting decrease in long-term income tax receivable and prepaid taxes by $702 million due to the timing of refund processing related to the filing of our fiscal 2023 tax return.
Other income (expense), net:
Three Months EndedNine Months Ended
(In millions)December 29, 2023December 30, 2022December 29, 2023December 30, 2022
Interest income$5 $5 $17 $10 
Foreign exchange gain (loss)(1)(7)1 (8)
Gain (loss) on early extinguishment of debt— — — (9)
Gain (loss) on sale of properties
5 — 9 — 
Other2 4 3 10 
Other income (expense), net$11 $2 $30 $3 
Supplemental cash flow information:
Nine Months Ended
(In millions)December 29, 2023December 30, 2022
Income taxes paid, net of refunds$395 $378 
Interest expense paid$488 $212 
Cash paid for amounts included in the measurement of operating lease liabilities$19 $18 
Non-cash operating activities:
Operating lease assets obtained in exchange for operating lease liabilities$— $23 
Reduction (Increase) of operating lease assets as a result of lease terminations and modifications
$(5)$29 
Non-cash investing and financing activities:
Purchases of property and equipment in current liabilities$2 $— 
Non-cash consideration for the Merger with Avast$— $2,141