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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 01, 2022
Apr. 02, 2021
Current assets:    
Cash and cash equivalents $ 1,887 $ 933
Short-term investments 4 18
Accounts receivable, net 120 117
Other current assets 193 237
Assets held for sale 56 233
Total current assets 2,260 1,538
Property and equipment, net 60 78
Operating lease assets 74 76
Intangible assets, net 1,023 1,116
Goodwill 2,873 2,867
Other long-term assets 653 686
Total assets 6,943 6,361
Current liabilities:    
Accounts payable 63 52
Accrued compensation and benefits 81 107
Current portion of long-term debt 1,000 313
Contract liabilities 1,264 1,210
Current operating lease liabilities 18 26
Other current liabilities 639 428
Total current liabilities 3,065 2,136
Long-term debt 2,736 3,288
Long-term contract liabilities 42 55
Deferred income tax liabilities 75 137
Long-term income taxes payable 996 1,119
Long-term operating lease liabilities 75 66
Other long-term liabilities 47 60
Total liabilities 7,036 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 April 1, 2022 and April 2, 2021, respectively 1,851 2,229
Accumulated other comprehensive income (4) 47
Retained earnings (accumulated deficit) (1,940) (2,776)
Total stockholders’ equity (deficit) (93) (500)
Total liabilities and stockholders’ equity (deficit) $ 6,943 $ 6,361