Debt (Tables)

12 Months Ended

Mar. 29, 2013

Debt [Abstract]

Schedule Of Components Of Long-Term Debt, Interest Rates, Payment Dates

The following table summarizes components of our debt:

	As of March 29, 2013
		Effective
	Face Value	Interest Rate		Fair Value (2)
	(In millions)
3.95% Senior Notes, due June 2022 (“3.95% notes”)	$               400	4.05%		$               412
2.75% Senior Notes, due June 2017 (“2.75% notes due 2017”)	600	2.79%		620
4.20% Senior Notes, due September 2020 (“4.20% notes”)	750	4.25%		799
2.75% Senior Notes, due September 2015 (“2.75% notes due 2015”)	350	2.76%		363
1.00% Convertible Senior Notes, due June 2013 (“1.00% notes”)	1,000	6.78%	(1)	1,291
	As of March 30, 2012
		Effective
	Face Value	Interest Rate		Fair Value (2)
	(In millions)
4.20% Senior Notes, due September 2020 (“4.20% notes”)	$               750	4.25%		$               771
2.75% Senior Notes, due September 2015 (“2.75% notes due 2015”)	350	2.76%		363
1.00% Convertible Senior Notes, due June 2013 (“1.00% notes”)	1,000	6.78%	(1)	1,115

____________

⁽¹⁾ Represents the interest rate on our debt for accounting purposes while taking into account the effects of amortization of debt discount. Although the effective interest rates of the 1.00% notes were 6.78% for fiscal 2013 and 2012, we are making cash interest payments at the stated coupon rates of 1.00%. 

⁽²⁾ The fair value of debt relies on Level 2 inputs, which is based on market prices for similar debt instruments and resulting yields. For convertible senior notes, the fair value represents that of the liability component. See Note 1 for our accounting policy of estimating the fair value of our debt.

Schedule Of Long-Term Debt For Each Of The Next Five Years And Thereafter

2014	$                  1,000
2015	”-“
2016	350
2017	”-“
Thereafter	1,750
Total	$                  3,100

Summary Of Equity And Liability Components Of Senior Notes

	As of
	March 29, 2013	March 30, 2012
	(In millions)
Principal amount	$                  1,000	$                  1,000
Equity component	313	313
Liability component	997	941
Unamortized discount	3	59