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Stockholders' Equity
 9 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders' Equity
Dividends
On February 3, 2022, we announced that our Board of Directors declared a cash dividend of $0.125 per share of common stock to be paid in March 2022. All shares of common stock issued and outstanding and all restricted stock units (RSUs) and performance-based restricted stock units (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. On May 4, 2021, our Board of Directors approved an incremental share repurchase authorization of $1,500 million. As of December 31, 2021, we had $1,774 million remaining under the authorization to be completed in future periods with no expiration date. No shares were repurchased during the three and nine months ended December 31, 2021.
The following table summarizes activity related to this program during the three and nine months ended January 1, 2021:
 
Three Months EndedNine Months Ended
(In millions, except per share amounts)
January 1, 2021January 1, 2021
Number of shares repurchased8 8 
Average price per share$20.34 $20.40 
Aggregate purchase price$153 $158 
During the three and nine months ended January 1, 2021, we executed repurchases of $20 million for 1 million shares that settled after January 1, 2021.
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income (loss), net of taxes, consisted of foreign currency translation adjustments:
(In millions)Foreign Currency
Translation Adjustments
Balance as of April 2, 2021$47 
Other comprehensive income before reclassifications(25)
Balance as of December 31, 2021$22