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Financial Instruments and Fair Value Measurements (Tables)
9 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of the Carrying Value of Assets Measured at Fair Value on a Recurring Basis
The following table summarizes our financial instruments measured at fair value on a recurring basis:
December 31, 2021April 2, 2021
(In millions)Fair ValueLevel 1Level 2Fair ValueLevel 1Level 2
Assets:
Money market funds$881 $881 $— $284 $284 $— 
Certificates of deposit— — — — 
Corporate bonds10 — 10 17 — 17 
Total$891 $881 $10 $302 $284 $18 
Schedule of Contractual Maturity of Investments in Debt Securities
The following table presents the contractual maturities of our investments in debt securities as of December 31, 2021:
(In millions)Fair Value
Due in one year or less$10 
Total$10