XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.4
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
Common Stock and Additional Paid-In Capital
Common Stock and Additional Paid-In Capital
Cumulative Effect, Period of Adoption, Adjustment
[1]
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Retained Earnings (Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjustment
[1]
Beginning balance (in shares) at Apr. 02, 2021     580,000,000        
Beginning balance at Apr. 02, 2021 $ (500)   $ 2,229   $ 47 $ (2,776)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 716         716  
Other comprehensive income (loss), net of taxes (25)       (25)    
Common stock issued under employee stock incentive plans (in shares)     3,000,000        
Common stock issued under employee stock incentive plans 8   $ 8        
Shares withheld for taxes related to vesting of stock units (in shares)     (1,000,000)        
Shares withheld for taxes related to vesting of stock units (16)   $ (16)        
Cash dividends declared and dividend equivalents accrued (220)   (220)        
Stock-based compensation 51   51        
Extinguishment of convertible debt (112)   $ (112)        
Ending balance (in shares) at Dec. 31, 2021     582,000,000        
Ending balance at Dec. 31, 2021 (98)   $ 1,940   22 (2,060)  
Beginning balance (in shares) at Apr. 02, 2021     580,000,000        
Beginning balance at Apr. 02, 2021 $ (500)   $ 2,229   47 (2,776)  
Ending balance (in shares) at Apr. 01, 2022 582,000,000   582,000,000        
Ending balance at Apr. 01, 2022 $ (93) $ (1) $ 1,851 $ (7) (4) (1,940) $ 6
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2020-06            
Beginning balance (in shares) at Oct. 01, 2021     582,000,000        
Beginning balance at Oct. 01, 2021 $ (232)   $ 1,996   34 (2,262)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 202         202  
Other comprehensive income (loss), net of taxes (12)       (12)    
Shares withheld for taxes related to vesting of stock units (1)   (1)        
Cash dividends declared and dividend equivalents accrued (73)   (73)        
Stock-based compensation 18   $ 18        
Ending balance (in shares) at Dec. 31, 2021     582,000,000        
Ending balance at Dec. 31, 2021 $ (98)   $ 1,940   22 (2,060)  
Beginning balance (in shares) at Apr. 01, 2022 582,000,000   582,000,000        
Beginning balance at Apr. 01, 2022 $ (93) $ (1) $ 1,851 $ (7) (4) (1,940) $ 6
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 434         434  
Other comprehensive income (loss), net of taxes (24)       (24)    
Common stock issued under employee stock incentive plans (in shares)     4,000,000        
Common stock issued under employee stock incentive plans 6   $ 6        
Shares withheld for taxes related to vesting of stock units (in shares)     (1,000,000)        
Shares withheld for taxes related to vesting of stock units $ (17)   $ (17)        
Repurchases of common stock (in shares) (40,000,000)   (40,000,000)        
Repurchases of common stock $ (904)   $ (904)        
Cash dividends declared and dividend equivalents accrued (227)   (227)        
Stock-based compensation 95   95        
Extinguishment of convertible debt (100)   $ (100)        
Merger consideration (in shares)     94,000,000        
Merger consideration $ 2,141   $ 2,141        
Ending balance (in shares) at Dec. 30, 2022 639,000,000   639,000,000        
Ending balance at Dec. 30, 2022 $ 1,310   $ 2,838   (28) (1,500)  
Beginning balance (in shares) at Sep. 30, 2022     661,000,000        
Beginning balance at Sep. 30, 2022 1,698   $ 3,378   (15) (1,665)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 165         165  
Other comprehensive income (loss), net of taxes (13)       (13)    
Common stock issued under employee stock incentive plans (in shares)     1,000,000        
Shares withheld for taxes related to vesting of stock units $ (1)   $ (1)        
Repurchases of common stock (in shares) (23,000,000)   (23,000,000)        
Repurchases of common stock $ (500)   $ (500)        
Cash dividends declared and dividend equivalents accrued (81)   (81)        
Stock-based compensation $ 42   $ 42        
Ending balance (in shares) at Dec. 30, 2022 639,000,000   639,000,000        
Ending balance at Dec. 30, 2022 $ 1,310   $ 2,838   $ (28) $ (1,500)  
[1] Effective on April 2, 2022, the Company adopted ASU 2020-06 (Debt with Conversion and Other Options, ASC 470-20) using a modified retrospective method. See Note 2 for further information about this recently adopted guidance.