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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 01, 2021
Apr. 02, 2021
Current assets:    
Cash and cash equivalents $ 1,526 $ 933
Short-term investments 15 18
Accounts receivable, net 108 117
Other current assets 243 237
Assets held for sale 58 233
Total current assets 1,950 1,538
Property and equipment, net 67 78
Operating lease assets 93 76
Intangible assets, net 1,064 1,116
Goodwill 2,896 2,867
Other long-term assets 663 686
Total assets 6,733 6,361
Current liabilities:    
Accounts payable 81 52
Accrued compensation and benefits 72 107
Current portion of long-term debt 1,073 313
Contract liabilities 1,159 1,210
Current operating lease liabilities 20 26
Other current liabilities 409 428
Total current liabilities 2,814 2,136
Long-term debt 2,779 3,288
Long-term contract liabilities 54 55
Deferred income tax liabilities 140 137
Long-term income taxes payable 1,034 1,119
Long-term operating lease liabilities 88 66
Other long-term liabilities 56 60
Total liabilities 6,965 6,861
Commitments and contingencies (Note 18)
Stockholders’ equity (deficit):    
Common stock and additional paid-in capital, $0.01 par value: 3,000 shares authorized; 582 and 580 shares issued and outstanding as of October 1, 2021 and April 2, 2021, respectively 1,996 2,229
Accumulated other comprehensive income 34 47
Retained earnings (accumulated deficit) (2,262) (2,776)
Total stockholders’ equity (deficit) (232) (500)
Total liabilities and stockholders’ equity (deficit) $ 6,733 $ 6,361