Supplementary Information

6 Months Ended

Sep. 29, 2023

Supplementary Information [Abstract]

Supplementary Information

Supplementary Information

Cash and cash equivalents:

(In millions)	September 29, 2023		March 31, 2023
Cash	$	417	$	576
Cash equivalents	212		174
Total cash and cash equivalents	$	629	$	750

Accounts receivable, net:

(In millions)	September 29, 2023		March 31, 2023
Accounts receivable	$	148	$	169
Allowance for doubtful accounts	(1)		(1)
Total accounts receivable, net	$	147	$	168

Other current assets:

(In millions)	September 29, 2023		March 31, 2023
Prepaid expenses	$	122	$	122
Income tax receivable and prepaid income taxes	96		123
Other tax receivable	29		16
Other	31		23
Total other current assets	$	278	$	284

Property and equipment, net:

(In millions)	September 29, 2023		March 31, 2023
Land	$	13	$	13
Computer hardware and software	499		498
Office furniture and equipment	17		17
Buildings	27		28
Leasehold improvements	28		28
Construction in progress	12		1
Total property and equipment, gross	596		585
Accumulated depreciation and amortization	(521)		(509)
Total property and equipment, net	$	75	$	76

Other long-term assets:

(In millions)	September 29, 2023		March 31, 2023
Non-marketable equity investments	$	176	$	176
Long-term income tax receivable and prepaid income taxes	695		669
Deferred income tax assets	1,198		353
Long-term prepaid royalty	28		36
Other	66		47
Total other long-term assets	$	2,163	$	1,281

Short-term contract liabilities:

(In millions)	September 29, 2023		March 31, 2023
Deferred revenue	$	1,075	$	1,153
Customer deposit liabilities	524		555
Total short-term contract liabilities	$	1,599	$	1,708

Other current liabilities:

(In millions)	September 29, 2023		March 31, 2023
Income taxes payable	$	201	$	172
Other taxes payable	79		76
Accrued legal fees	39		284
Accrued royalties	45		48
Accrued interest	78		27
Other	98		96
Total other current liabilities	$	540	$	703

Other long-term liabilities:

(In millions)	September 29, 2023		March 31, 2023
Long-term accrued legal fees	$	588	$	—
Other	43		43
Total other long-term liabilities	$	631	$	43

Long-term income taxes payable:

(In millions)	September 29, 2023		March 31, 2023
Deemed repatriation tax payable	$	139	$	310
Other long-term income taxes	1		1
Unrecognized tax benefits and related interest and penalties	1,073		509
Total long-term income taxes payable	$	1,213	$	820

As of September 29, 2023, total deferred income taxes changed by $984 million, which primarily relates to goodwill of $592 million, intangibles of $112 million, and other accruals and reserves not currently tax deductible of $192 million, and current year unrecognized tax benefits and penalties, which increased by $450 million and $90 million, respectively.

Other income (expense), net:

	Three Months Ended				Six Months Ended
(In millions)	September 29, 2023		September 30, 2022		September 29, 2023		September 30, 2022
Interest income	$	6	$	3	$	12	$	5
Foreign exchange gain (loss)	1		2		2		1
Gain (loss) on early extinguishment of debt	—		(9)		—		(9)
Gain on sale of properties	—		—		4		—
Other	—		6		1		4
Other income (expense), net	$	7	$	2	$	19	$	1

Supplemental cash flow information:

	Six Months Ended
(In millions)	September 29, 2023		September 30, 2022
Income taxes paid, net of refunds	$	270	$	295
Interest expense paid	$	283	$	63
Cash paid for amounts included in the measurement of operating lease liabilities	$	13	$	11
Non-cash operating activities:
Operating lease assets obtained in exchange for operating lease liabilities	$	—	$	18
Reduction of operating lease assets as a result of lease terminations and modifications	$	(7)	$	30
Non-cash investing and financing activities:
Purchases of property and equipment in current liabilities	$	4	$	—
Non-cash consideration for the Merger with Avast	$	—	$	2,141