Supplementary Information (Tables)

9 Months Ended

Dec. 29, 2023

Supplementary Information [Abstract]

Schedule of Cash and Cash Equivalents

Cash and cash equivalents:

(In millions)	December 29, 2023		March 31, 2023
Cash	$	372	$	576
Cash equivalents	118		174
Total cash and cash equivalents	$	490	$	750

Schedule of Accounts Receivable, Net

Accounts receivable, net:

(In millions)	December 29, 2023		March 31, 2023
Accounts receivable	$	162	$	169
Allowance for doubtful accounts	(2)		(1)
Total accounts receivable, net	$	160	$	168

Schedule of Other Current Assets

Other current assets:

(In millions)	December 29, 2023		March 31, 2023
Prepaid expenses	$	131	$	122
Income tax receivable and prepaid income taxes	857		123
Other tax receivable	40		16
Other	27		23
Total other current assets	$	1,055	$	284

Schedule of Property and Equipment, Net

Property and equipment, net:

(In millions)	December 29, 2023		March 31, 2023
Land	$	13	$	13
Computer hardware and software	496		498
Office furniture and equipment	18		17
Buildings	28		28
Leasehold improvements	40		28
Construction in progress	4		1
Total property and equipment, gross	599		585
Accumulated depreciation and amortization	(523)		(509)
Total property and equipment, net	$	76	$	76

Schedule of Other Long-term Assets

Other long-term assets:

(In millions)	December 29, 2023		March 31, 2023
Non-marketable equity investments	$	176	$	176
Long-term income tax receivable and prepaid income taxes	19		669
Deferred income tax assets	1,198		353
Long-term prepaid royalty	24		36
Other	59		47
Total other long-term assets	$	1,476	$	1,281

Schedule of Short-term Contract Liabilities

Short-term contract liabilities:

(In millions)	December 29, 2023		March 31, 2023
Deferred revenue	$	1,069	$	1,153
Customer deposit liabilities	597		555
Total short-term contract liabilities	$	1,666	$	1,708

Schedule of Other Current Liabilities

Other current liabilities:

(In millions)	December 29, 2023		March 31, 2023
Income taxes payable	$	194	$	172
Other taxes payable	111		76
Accrued legal fees	94		284
Accrued royalties	60		48
Accrued interest	38		27
Other	83		96
Total other current liabilities	$	580	$	703

Schedule of Other Long-term Liabilities

Other long-term liabilities:

(In millions)	December 29, 2023		March 31, 2023
Long-term accrued legal fees	$	592	$	—
Other	47		43
Total other long-term liabilities	$	639	$	43

Schedule of Long-term Income Taxes Payable

Long-term income taxes payable:

(In millions)	December 29, 2023		March 31, 2023
Deemed repatriation tax payable	$	139	$	310
Other long-term income taxes	2		1
Unrecognized tax benefits and related interest and penalties	1,069		509
Total long-term income taxes payable	$	1,210	$	820

Schedule of Other Income, Expense Net

Other income (expense), net:

	Three Months Ended				Nine Months Ended
(In millions)	December 29, 2023		December 30, 2022		December 29, 2023		December 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		—
Other	2		4		3		10
Other income (expense), net	$	11	$	2	$	30	$	3

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information:

	Nine Months Ended
(In millions)	December 29, 2023		December 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