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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Apr. 02, 2021
Current assets:    
Cash and cash equivalents $ 1,771 $ 933
Short-term investments 10 18
Accounts receivable, net 113 117
Other current assets 205 237
Assets held for sale 58 233
Total current assets 2,157 1,538
Property and equipment, net 63 78
Operating lease assets 80 76
Intangible assets, net 1,054 1,116
Goodwill 2,876 2,867
Other long-term assets 643 686
Total assets 6,873 6,361
Current liabilities:    
Accounts payable 83 52
Accrued compensation and benefits 80 107
Current portion of long-term debt 1,086 313
Contract liabilities 1,209 1,210
Current operating lease liabilities 20 26
Other current liabilities 405 428
Total current liabilities 2,883 2,136
Long-term debt 2,757 3,288
Long-term contract liabilities 48 55
Deferred income tax liabilities 137 137
Long-term income taxes payable 1,012 1,119
Long-term operating lease liabilities 81 66
Other long-term liabilities 53 60
Total liabilities 6,971 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 December 31, 2021 and April 2, 2021, respectively 1,940 2,229
Accumulated other comprehensive income 22 47
Retained earnings (accumulated deficit) (2,060) (2,776)
Total stockholders’ equity (deficit) (98) (500)
Total liabilities and stockholders’ equity (deficit) $ 6,873 $ 6,361