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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 29, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 490 $ 750
Accounts receivable, net 160 168
Other current assets 1,055 284
Assets held for sale 15 31
Total current assets 1,720 1,233
Property and equipment, net 76 76
Operating lease assets 34 43
Intangible assets, net 2,745 3,097
Goodwill 10,231 10,217
Other long-term assets 1,476 1,281
Total assets 16,282 15,947
Current liabilities:    
Accounts payable 62 77
Accrued compensation and benefits 64 102
Current portion of long-term debt 175 233
Contract liabilities 1,666 1,708
Current operating lease liabilities 16 26
Other current liabilities 580 703
Total current liabilities 2,563 2,849
Long-term debt 9,081 9,529
Long-term contract liabilities 78 80
Deferred income tax liabilities 265 395
Long-term income taxes payable 1,210 820
Long-term operating lease liabilities 28 31
Other long-term liabilities 639 43
Total liabilities 13,864 13,747
Commitments and contingencies (Note 18)
Stockholders’ equity (deficit):    
Common stock and additional paid-in capital, $0.01 par value: 3,000 shares authorized; 637 and 640 shares issued and outstanding as of December 29, 2023 and March 31, 2023, respectively 2,502 2,800
Accumulated other comprehensive income (loss) 19 (15)
Retained earnings (accumulated deficit) (103) (585)
Total stockholders’ equity (deficit) 2,418 2,200
Total liabilities and stockholders’ equity (deficit) $ 16,282 $ 15,947