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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 28, 2024
Mar. 29, 2024
Current assets:    
Cash and cash equivalents $ 644 $ 846
Accounts receivable, net 152 163
Other current assets 300 334
Assets held for sale 15 15
Total current assets 1,111 1,358
Property and equipment, net 69 72
Intangible assets, net 2,537 2,638
Goodwill 10,205 10,210
Other long-term assets 1,506 1,515
Total assets 15,428 15,793
Current liabilities:    
Accounts payable 83 66
Accrued compensation and benefits 57 78
Current portion of long-term debt 1,332 175
Contract liabilities 1,745 1,808
Other current liabilities 535 599
Total current liabilities 3,752 2,726
Long-term debt 7,190 8,429
Long-term contract liabilities 74 76
Deferred income tax liabilities 253 261
Long-term income taxes payable 1,504 1,490
Other long-term liabilities 685 671
Total liabilities 13,458 13,653
Commitments and contingencies (Note 17)
Stockholders’ equity (deficit):    
Common stock and additional paid-in capital, $0.01 par value: 3,000 shares authorized; 615 and 623 shares issued and outstanding as of June 28, 2024 and March 29, 2024, respectively 1,959 2,227
Accumulated other comprehensive income (loss) 6 11
Retained earnings (accumulated deficit) 5 (98)
Total stockholders’ equity (deficit) 1,970 2,140
Total liabilities and stockholders’ equity (deficit) $ 15,428 $ 15,793