v3.25.4
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
Common Stock and Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Beginning balance (in shares) at Mar. 29, 2024   623,000,000    
Beginning balance at Mar. 29, 2024 $ 2,140 $ 2,227 $ 11 $ (98)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income (loss) 501     501
Other comprehensive income (loss), net of taxes (57)   (57)  
Common stock issued under employee stock incentive plans (in shares)   5,000,000    
Common stock issued under employee stock incentive plans 6 $ 6    
Shares withheld for taxes related to vesting of restricted stock units (in shares)   (1,000,000)    
Shares withheld for taxes related to vesting of restricted stock units $ (25) $ (25)    
Repurchases of common stock (in shares) (11,000,000) (11,000,000) [1]    
Repurchases of common stock [1] $ (274) $ (274)    
Cash dividends declared and dividend equivalents accrued (237) (5)   (232)
Stock-based compensation 97 $ 97    
Ending balance (in shares) at Dec. 27, 2024   616,000,000    
Ending balance at Dec. 27, 2024 2,151 $ 2,026 (46) 171
Beginning balance (in shares) at Sep. 27, 2024   616,000,000    
Beginning balance at Sep. 27, 2024 2,098 $ 1,995 14 89
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income (loss) 159     159
Other comprehensive income (loss), net of taxes $ (60)   (60)  
Repurchases of common stock (in shares) 0      
Cash dividends declared and dividend equivalents accrued $ (79) (2)   (77)
Stock-based compensation 33 $ 33    
Ending balance (in shares) at Dec. 27, 2024   616,000,000    
Ending balance at Dec. 27, 2024 $ 2,151 $ 2,026 (46) 171
Beginning balance (in shares) at Mar. 28, 2025 617,000,000 617,000,000    
Beginning balance at Mar. 28, 2025 $ 2,269 $ 2,066 (33) 236
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income (loss) 461     461
Other comprehensive income (loss), net of taxes 52   52  
Common stock issued under employee stock incentive plans (in shares)   7,000,000    
Common stock issued under employee stock incentive plans 7 $ 7    
Shares withheld for taxes related to vesting of restricted stock units (in shares)   (2,000,000)    
Shares withheld for taxes related to vesting of restricted stock units $ (52) $ (52)    
Repurchases of common stock (in shares) (16,000,000) (16,000,000) [1]    
Repurchases of common stock [1] $ (437) $ (3)   (434)
Cash dividends declared and dividend equivalents accrued (238) (7)   (231)
Stock-based compensation 176 176    
Fair value of replacement awards issued in connection with business acquisitions 21 21    
Fair value of CVR issued in connection with business acquisitions $ 73 $ 73    
Ending balance (in shares) at Jan. 02, 2026 606,000,000 606,000,000    
Ending balance at Jan. 02, 2026 $ 2,332 $ 2,281 19 32
Beginning balance (in shares) at Oct. 03, 2025   617,000,000    
Beginning balance at Oct. 03, 2025 2,457 $ 2,236 4 217
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income (loss) 192     192
Other comprehensive income (loss), net of taxes 15   15  
Shares withheld for taxes related to vesting of restricted stock units $ (4) $ (4)    
Repurchases of common stock (in shares) (11,000,000) (11,000,000) [1]    
Repurchases of common stock [1] $ (303) $ (3)   (300)
Cash dividends declared and dividend equivalents accrued (79) (2)   (77)
Stock-based compensation $ 54 $ 54    
Ending balance (in shares) at Jan. 02, 2026 606,000,000 606,000,000    
Ending balance at Jan. 02, 2026 $ 2,332 $ 2,281 $ 19 $ 32
[1] Amount includes excise tax on share repurchases.