XML 30 R8.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Apr. 02, 2021
Apr. 03, 2020
Mar. 29, 2019
OPERATING ACTIVITIES:      
Net income $ 554 $ 3,887 $ 31
Adjustments:      
Amortization and depreciation 150 361 615
Impairments and write-offs of current and long-lived assets 90 74 10
Stock-based compensation expense 81 312 352
Deferred income taxes 42 16 (70)
Gain on extinguishment of debt (20) 0 0
Loss from equity interest 0 31 101
Gain on divestitures 0 (5,684) 0
Gain on sale of equity method investment 0 (379) 0
Gain on sale of properties (98) 0 0
Non-cash operating lease expense 22 40 0
Other 52 (4) (14)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net 3 583 113
Accounts payable (44) (61) 6
Accrued compensation and benefits (10) (117) 2
Contract liabilities 118 (121) 196
Income taxes payable (299) 383 67
Other assets 144 (81) (26)
Other liabilities (79) (101) 112
Net cash provided by (used in) operating activities 706 (861) 1,495
INVESTING ACTIVITIES:      
Purchases of property and equipment (6) (89) (207)
Payments for acquisitions, net of cash acquired (344) 0 (180)
Proceeds from divestitures, net of cash contributed and transaction costs 0 10,918 0
Proceeds from the maturities and sales of short-term investments 68 167 139
Proceeds from sales of properties 218 0 26
Proceeds from sale of equity method investment 0 380 0
Other (5) 3 (19)
Net cash provided by (used in) investing activities (69) 11,379 (241)
FINANCING ACTIVITIES:      
Repayments of debt and related equity component (1,941) (868) (600)
Proceeds from issuance of debt, net of issuance costs 750 300 0
Net proceeds from sales of common stock under employee stock incentive plans 24 123 19
Tax payments related to restricted stock units (58) (78) (173)
Dividends and dividend equivalents paid (373) (7,481) (217)
Repurchase of common stock (304) (1,581) (234)
Cash consideration paid in exchange of convertible debt 0 (546) 0
Short-swing profit disgorgement 0 9 0
Other (1) (1) (4)
Net cash used in financing activities (1,903) (10,123) (1,209)
Effect of exchange rate fluctuations on cash and cash equivalents 22 (9) (28)
Change in cash and cash equivalents (1,244) 386 17
Beginning cash and cash equivalents 2,177 1,791 1,774
Ending cash and cash equivalents $ 933 $ 2,177 $ 1,791