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v3.22.4

Supplementary Information | 9 Months Ended
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Dec. 30, 2022
Supplementary Information [Abstract] |
Supplementary Information | Supplementary Information Cash and cash equivalents:
(In millions) | December 30, 2022 |  | April 1, 2022
Cash | $ | 468 |  |  | $ | 609 |
Cash equivalents | 344 |  |  | 1,278 |
Total cash and cash equivalents | $ | 812 |  |  | $ | 1,887 |
Accounts receivable, net:
(In millions) | December 30, 2022 |  | April 1, 2022
Accounts receivable | $ | 169 |  |  | $ | 121 |
Allowance for doubtful accounts | (1) |  |  | (1) |
Total accounts receivable, net | $ | 168 |  |  | $ | 120 |
Other current assets:
(In millions) | December 30, 2022 |  | April 1, 2022
Prepaid expenses | $ | 118 |  |  | $ | 107 |
Income tax receivable and prepaid income taxes | 206 |  |  | 35 |
Other tax receivable | 24 |  |  | 27 |
Other | 18 |  |  | 24 |
Total other current assets | $ | 366 |  |  | $ | 193 |
Property and equipment, net:
(In millions) | December 30, 2022 |  | April 1, 2022
Land | $ | 14 |  |  | $ | 2 |
Computer hardware and software | 496 |  |  | 462 |
Office furniture and equipment | 27 |  |  | 27 |
Buildings | 41 |  |  | 27 |
Leasehold improvements | 63 |  |  | 56 |
Construction in progress | 1 |  |  | 1 |
Total property and equipment, gross | 642 |  |  | 575 |
Accumulated depreciation and amortization | (538) |  |  | (515) |
Total property and equipment, net | $ | 104 |  |  | $ | 60 |
During the second quarter of fiscal 2023, we reclassified $26 million of buildings and leasehold improvements, which were previously reported as held for sale as of April 1, 2022, to property and equipment, net. Adjustments associated with catch-up depreciation were immaterial. Refer to Note 3 for further information about our assets held for sale. Other long-term assets:
(In millions) | December 30, 2022 |  | April 1, 2022
Non-marketable equity investments | $ | 182 |  |  | $ | 178 |
Long-term income tax receivable and prepaid income taxes | 21 |  |  | 25 |
Deferred income tax assets | 348 |  |  | 351 |
Long-term prepaid royalty | 41 |  |  | 53 |
Other | 46 |  |  | 46 |
Total other long-term assets | $ | 638 |  |  | $ | 653 |
Short-term contract liabilities:
(In millions) | December 30, 2022 |  | April 1, 2022
Deferred revenue | $ | 1,093 |  |  | $ | 743 |
Customer deposit liabilities | 550 |  |  | 521 |
Total short-term contract liabilities | $ | 1,643 |  |  | $ | 1,264 |
Other current liabilities:
(In millions) | December 30, 2022 |  | April 1, 2022
Income taxes payable | $ | 243 |  |  | $ | 109 |
Other taxes payable | 88 |  |  | 87 |
Accrued legal fees | 273 |  |  | 273 |
Accrued royalties | 43 |  |  | 49 |
Accrued interest | 42 |  |  | 32 |
Other | 106 |  |  | 89 |
Total other current liabilities | $ | 795 |  |  | $ | 639 |
Long-term income taxes payable:
(In millions) | December 30, 2022 |  | April 1, 2022
Deemed repatriation tax payable | $ | 310 |  |  | $ | 437 |
Other long-term income taxes | 4 |  |  | 3 |
Uncertain tax positions (including interest and penalties) | 614 |  |  | 556 |
Total long-term income taxes payable | $ | 928 |  |  | $ | 996 |
Other income (expense), net:
| Three Months Ended |  | Nine Months Ended
(In millions) | December 30, 2022 |  | December 31, 2021 |  | December 30, 2022 |  | December 31, 2021
Interest income | $ | 5 |  |  | $ | — |  |  | $ | 10 |  |  | $ | — |
Foreign exchange gain (loss) | (7) |  |  | 1 |  |  | (8) |  |  | 3 |
Gain (loss) on early extinguishment of debt | — |  |  | — |  |  | (9) |  |  | (5) |
Gain on sale of properties | — |  |  | — |  |  | — |  |  | 175 |
Other | 4 |  |  | (10) |  |  | 10 |  |  | (8) |
Other income (expense), net | $ | 2 |  |  | $ | (9) |  |  | $ | 3 |  |  | $ | 165 |
Supplemental cash flow information:
| Nine Months Ended
(In millions) | December 30, 2022 |  | December 31, 2021
Income taxes paid, net of refunds | $ | 378 |  |  | $ | 297 |
Interest expense paid | $ | 212 |  |  | $ | 105 |
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 18 |  |  | $ | 19 |
Non-cash operating activities: |  |  |
Operating lease assets obtained in exchange for operating lease liabilities | $ | 23 |  |  | $ | 35 |
Reduction of operating lease assets as a result of lease terminations and modifications | $ | 29 |  |  | $ | 16 |
Non-cash investing and financing activities: |  |  |
Purchases of property and equipment in current liabilities | $ | — |  |  | $ | 1 |
Extinguishment of debt with borrowings from same creditors | $ | — |  |  | $ | 494 |
Non-cash consideration for the Merger with Avast | $ | 2,141 |  |  | $ | — |

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