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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
Common Stock and Additional Paid-In Capital
Common Stock and Additional Paid-In Capital
Cumulative Effect, Period of Adoption, Adjustment
[1]
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Retained Earnings (Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjustment
[1]
Beginning balance (in shares) at Apr. 01, 2022     582,000,000        
Beginning balance at Apr. 01, 2022 $ (93) $ (1) $ 1,851 $ (7) $ (4) $ (1,940) $ 6
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 434         434  
Other comprehensive income (loss), net of taxes (24)       (24)    
Common stock issued under employee stock incentive plans (in shares)     4,000,000        
Common stock issued under employee stock incentive plans 6   $ 6        
Shares withheld for taxes related to vesting of stock units (in shares)     (1,000,000)        
Shares withheld for taxes related to vesting of stock units $ (17)   $ (17)        
Repurchases of common stock (in shares) (40,000,000)   (40,000,000)        
Repurchases of common stock $ (904)   $ (904)        
Cash dividends declared and dividend equivalents accrued (227)   (227)        
Stock-based compensation 95   95        
Extinguishment of convertible debt (100)   $ (100)        
Merger consideration (in shares)     94,000,000        
Merger consideration 2,141   $ 2,141        
Ending balance (in shares) at Dec. 30, 2022     639,000,000        
Ending balance at Dec. 30, 2022 1,310   $ 2,838   (28) (1,500)  
Beginning balance (in shares) at Sep. 30, 2022     661,000,000        
Beginning balance at Sep. 30, 2022 1,698   $ 3,378   (15) (1,665)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 165         165  
Other comprehensive income (loss), net of taxes (13)       (13)    
Common stock issued under employee stock incentive plans (in shares)     1,000,000        
Common stock issued under employee stock incentive plans 0            
Shares withheld for taxes related to vesting of stock units (in shares)     0        
Shares withheld for taxes related to vesting of stock units $ (1)   $ (1)        
Repurchases of common stock (in shares) (23,000,000)   (23,000,000)        
Repurchases of common stock $ (500)   $ (500)        
Cash dividends declared and dividend equivalents accrued (81)   (81)        
Stock-based compensation 42   $ 42        
Ending balance (in shares) at Dec. 30, 2022     639,000,000        
Ending balance at Dec. 30, 2022 $ 1,310   $ 2,838   (28) (1,500)  
Beginning balance (in shares) at Mar. 31, 2023 640,000,000   640,000,000        
Beginning balance at Mar. 31, 2023 $ 2,200   $ 2,800   (15) (585)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 482         482  
Other comprehensive income (loss), net of taxes 34       34    
Common stock issued under employee stock incentive plans (in shares)     5,000,000        
Common stock issued under employee stock incentive plans 6   $ 6        
Shares withheld for taxes related to vesting of stock units (in shares)     (1,000,000)        
Shares withheld for taxes related to vesting of stock units $ (25)   $ (25)        
Repurchases of common stock (in shares) (7,000,000)   (7,000,000)        
Repurchases of common stock $ (141)   $ (141)        
Cash dividends declared and dividend equivalents accrued (245)   (245)        
Stock-based compensation $ 107   $ 107        
Ending balance (in shares) at Dec. 29, 2023 637,000,000   637,000,000        
Ending balance at Dec. 29, 2023 $ 2,418   $ 2,502   19 (103)  
Beginning balance (in shares) at Sep. 29, 2023     641,000,000        
Beginning balance at Sep. 29, 2023 2,414   $ 2,655   6 (247)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 144         144  
Other comprehensive income (loss), net of taxes 13       13    
Shares withheld for taxes related to vesting of stock units $ (6)   $ (6)        
Repurchases of common stock (in shares) (5,000,000)   (4,000,000)        
Repurchases of common stock $ (100)   $ (100)        
Cash dividends declared and dividend equivalents accrued (82)   (82)        
Stock-based compensation $ 35   $ 35        
Ending balance (in shares) at Dec. 29, 2023 637,000,000   637,000,000        
Ending balance at Dec. 29, 2023 $ 2,418   $ 2,502   $ 19 $ (103)  
[1] Effective on April 2, 2022, the Company adopted ASU 2020-06 (Debt with Conversion and Other Options, ASC 470-20) using a modified retrospective method.