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Stockholders' Equity | 12 Months Ended
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Apr. 02, 2021
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity Preferred stock On May 22, 2020, we filed a Certificate of Elimination of Series A Junior Preferred Stock (the “Junior Preferred Stock”) with the Secretary of State of the State of Delaware, to remove the Certificate of Designations of the Junior Preferred Stock from our Amended and Restated Certificate of Incorporation. The Certificate of Elimination became effective upon filing. No shares of the Junior Preferred Stock were issued or outstanding upon filing of the Certificate of Elimination. Dividends On May 10, 2021, we announced that our Board of Directors declared a cash dividend of $0.125 per share of common stock to be paid in June 2021. All shares of common stock issued and outstanding and all RSUs and PRUs as of the record date will be entitled to the dividend and dividend equivalent rights (DERs), respectively, which will be paid out if and when the underlying shares are released. Any future dividends and DERs will be subject to the approval of our Board of Directors. Stock repurchase program Under our stock repurchase program, we may purchase shares of our outstanding common stock through open market and through accelerated stock repurchase transactions. As of April 2, 2021, we have $274 million remaining under the authorization to be completed in future periods with no expiration date. The following table summarizes activity related to our stock repurchase program:
| Year Ended
(In millions, except per share amounts) | April 2, 2021 |  | April 3, 2020
Number of shares repurchased | 15 |  |  | 68 |
Average price per share | $ | 20.50 |  |  | $ | 22.97 |
Aggregate purchase price | $ | 304 |  |  | $ | 1,562 |
Repurchases of 1 million shares executed during 2019 were settled in fiscal 2020. On May 4, 2021, our Board of Directors approved an incremental share repurchase authorization of $1,500 million, bringing the total authorized under the stock repurchase program to $1,774 million. The authorization does not have an expiration date. Accumulated other comprehensive income (loss) Components and activities of AOCI, net of tax, were as follows:
(In millions) | Foreign Currency Translation Adjustments |  | Unrealized Gain (Loss) On Available-For-Sale Securities |  | Equity Method Investee |  | Total AOCI
Balance as of March 29, 2019 | $ | (5) |  |  | $ | (1) |  |  | $ | (1) |  |  | $ | (7) |
Other comprehensive income (loss) before reclassifications | (11) |  |  | 1 |  |  | 2 |  |  | (8) |
Reclassification to net income | — |  |  | — |  |  | (1) |  |  | (1) |
Balance as of April 3, 2020 | (16) |  |  | — |  |  | — |  |  | (16) |
Other comprehensive income before reclassifications | 63 |  |  | — |  |  | — |  |  | 63 |
Balance as of April 2, 2021 | $ | 47 |  |  | $ | — |  |  | $ | — |  |  | $ | 47 |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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