XML 20 R8.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Oct. 02, 2020
Oct. 04, 2019
OPERATING ACTIVITIES:    
Net income $ 182 $ 811
Adjustments:    
Amortization and depreciation 85 251
Impairments of current and long-lived assets 88 4
Stock-based compensation expense 45 150
Deferred income taxes 30 (707)
Gain on extinguishment of debt (20) 0
Loss from equity interest 0 22
Gain on sale of property (35) 0
Non-cash operating lease expense 11 23
Other 38 7
Changes in operating assets and liabilities:    
Accounts receivable, net 13 111
Accounts payable (24) (32)
Accrued compensation and benefits (36) (20)
Contract liabilities (25) (129)
Income taxes payable (299) 5
Other assets 21 (5)
Other liabilities (17) 15
Net cash provided by operating activities 57 506
INVESTING ACTIVITIES:    
Purchases of property and equipment (3) (76)
Proceeds from maturities and sales of short-term investments 46 120
Proceeds from sales of short-term investments 1 0
Proceeds from sale of property 118 0
Other (5) (5)
Net cash provided by investing activities 157 39
FINANCING ACTIVITIES:    
Repayments of debt and related equity component (1,929) 0
Proceeds from issuance of debt, net of issuance costs 750 0
Net proceeds from sales of common stock under employee stock incentive plans 10 88
Tax payments related to restricted stock units (30) (65)
Dividends and dividend equivalents paid (187) (98)
Repurchases of common stock (5) (559)
Net cash used in financing activities (1,391) (634)
Effect of exchange rate fluctuations on cash and cash equivalents 9 (5)
Change in cash and cash equivalents (1,168) (94)
Beginning cash and cash equivalents 2,177 1,791
Ending cash and cash equivalents $ 1,009 $ 1,697