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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
shares in Millions, $ 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        
Beginning balance at Apr. 01, 2022 $ (126) $ (1) $ 1,851 $ (7) $ (4) $ (1,973) $ 6
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 1,334         1,334  
Other comprehensive income (loss), net of taxes (11)       (11)    
Common stock issued under employee stock incentive plans (in shares)     5        
Common stock issued under employee stock incentive plans 12   $ 12        
Shares withheld for taxes related to vesting of restricted stock units (in shares)     (1)        
Shares withheld for taxes related to vesting of stock units (19)   $ (19)        
Repurchases of common stock (in shares)     (40)        
Repurchases of common stock (904)   $ (904)        
Cash dividends declared and dividend equivalents accrued (308)   (308)        
Stock-based compensation 134   134        
Extinguishment of convertible debt (100)   $ (100)        
Acquisition consideration (in shares)     94        
Acquisition consideration 2,141   $ 2,141        
Ending balance (in shares) at Mar. 31, 2023     640        
Ending balance at Mar. 31, 2023 2,152   $ 2,800   (15) (633)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 607         607  
Other comprehensive income (loss), net of taxes 26       26    
Common stock issued under employee stock incentive plans (in shares)     6        
Common stock issued under employee stock incentive plans 12   $ 12        
Shares withheld for taxes related to vesting of restricted stock units (in shares)     (2)        
Shares withheld for taxes related to vesting of stock units $ (26)   $ (26)        
Repurchases of common stock (in shares) (21)   (21) [2]        
Repurchases of common stock [2] $ (444)   $ (444)        
Cash dividends declared and dividend equivalents accrued (325)   (253)     (72)  
Stock-based compensation $ 138   $ 138        
Ending balance (in shares) at Mar. 29, 2024 623   623        
Ending balance at Mar. 29, 2024 $ 2,140   $ 2,227   11 (98)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 643         643  
Other comprehensive income (loss), net of taxes (44)       (44)    
Common stock issued under employee stock incentive plans (in shares)     6        
Common stock issued under employee stock incentive plans 11   $ 11        
Shares withheld for taxes related to vesting of restricted stock units (in shares)     (1)        
Shares withheld for taxes related to vesting of stock units $ (26)   $ (26)        
Repurchases of common stock (in shares) (11)   (11) [2]        
Repurchases of common stock [2] $ (274)   $ (274)        
Cash dividends declared and dividend equivalents accrued (315)   (6)     (309)  
Stock-based compensation $ 134   $ 134        
Ending balance (in shares) at Mar. 28, 2025 617   617        
Ending balance at Mar. 28, 2025 $ 2,269   $ 2,066   $ (33) $ 236  
[1] Effective on April 2, 2022, we adopted ASU 2020-06 (Debt with Conversion and Other Options, ASC 470-20) using a modified retrospective method.
[2] Amount includes excise tax on share repurchases.