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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 02, 2021
Apr. 02, 2021
Current assets:    
Cash and cash equivalents $ 1,230 $ 933
Short-term investments 15 18
Accounts receivable, net 105 117
Other current assets 198 237
Assets held for sale 238 233
Total current assets 1,786 1,538
Property and equipment, net 71 78
Operating lease assets 71 76
Intangible assets, net 1,096 1,116
Goodwill 2,863 2,867
Other long-term assets 678 686
Total assets 6,565 6,361
Current liabilities:    
Accounts payable 76 52
Accrued compensation and benefits 66 107
Current portion of long-term debt 438 313
Contract liabilities 1,176 1,210
Current operating lease liabilities 24 26
Other current liabilities 441 428
Total current liabilities 2,221 2,136
Long-term debt 3,422 3,288
Long-term contract liabilities 55 55
Deferred income tax liabilities 146 137
Long-term income taxes payable 1,103 1,119
Long-term operating lease liabilities 60 66
Other long-term liabilities 55 60
Total liabilities 7,062 6,861
Commitments and contingencies (Note 18)
Stockholders’ equity (deficit):    
Common stock and additional paid-in capital, $0.01 par value: 3,000 shares authorized; 581 and 580 shares issued and outstanding as of July 2, 2021 and April 2, 2021, respectively 2,049 2,229
Accumulated other comprehensive income 49 47
Retained earnings (accumulated deficit) (2,595) (2,776)
Total stockholders’ equity (deficit) (497) (500)
Total liabilities and stockholders’ equity (deficit) $ 6,565 $ 6,361