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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Dec. 31, 2021
Jan. 01, 2021
OPERATING ACTIVITIES:    
Net income $ 716 $ 360
Adjustments:    
Amortization and depreciation 108 113
Impairments and write-offs of current and long-lived assets 8 88
Stock-based compensation expense 51 66
Deferred income taxes (16) 47
Loss (gain) on extinguishment of debt 5 (20)
Gain on sale of property (175) (35)
Non-cash operating lease expense 16 17
Other 8 54
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 2 1
Accounts payable 29 (23)
Accrued compensation and benefits (27) (25)
Contract liabilities 1 21
Income taxes payable (67) (348)
Other assets 29 36
Other liabilities (40) (2)
Net cash provided by (used in) operating activities 648 350
INVESTING ACTIVITIES:    
Purchases of property and equipment (4) (5)
Payments for acquisitions, net of cash acquired (39) 0
Proceeds from the maturities and sales of short-term investments 9 60
Proceeds from the sale of property 355 118
Other (5) (9)
Net cash provided by (used in) investing activities 316 164
FINANCING ACTIVITIES:    
Repayments of debt and related equity component (391) (1,929)
Proceeds from issuance of debt, net of issuance costs 512 750
Net proceeds from sales of common stock under employee stock incentive plans 8 16
Tax payments related to restricted stock units (15) (57)
Dividends and dividend equivalents paid (230) (300)
Repurchases of common stock 0 (138)
Net cash provided by (used in) financing activities (116) (1,658)
Effect of exchange rate fluctuations on cash and cash equivalents (10) 13
Change in cash and cash equivalents 838 (1,131)
Beginning cash and cash equivalents 933 2,177
Ending cash and cash equivalents $ 1,771 $ 1,046