XML 25 R7.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
Common Stock and Additional Paid-In Capital
Common Stock and Additional Paid-In Capital
Cumulative Effect, Period of Adoption, Adjustment
[1]
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Retained Earnings (Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjustment
[1]
Beginning balance (in shares) at Apr. 02, 2021     580,000,000        
Beginning balance at Apr. 02, 2021 $ (500)   $ 2,229   $ 47 $ (2,776)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 836         836  
Other comprehensive income (loss), net of taxes (51)       (51)    
Common stock issued under employee stock incentive plans (in shares)     3,000,000        
Common stock issued under employee stock incentive plans 14   $ 14        
Shares withheld for taxes related to vesting of restricted stock units (in shares)     (1,000,000)        
Shares withheld for taxes related to vesting of stock units (16)   $ (16)        
Cash dividends declared and dividend equivalents accrued (294)   (294)        
Stock-based compensation 70   70        
Extinguishment of convertible debt (152)   $ (152)        
Ending balance (in shares) at Apr. 01, 2022     582,000,000        
Ending balance at Apr. 01, 2022 (93) $ (1) $ 1,851 $ (7) (4) (1,940) $ 6
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 1,349         1,349  
Other comprehensive income (loss), net of taxes (11)       (11)    
Common stock issued under employee stock incentive plans (in shares)     5,000,000        
Common stock issued under employee stock incentive plans 12   $ 12        
Shares withheld for taxes related to vesting of restricted stock units (in shares)     (1,000,000)        
Shares withheld for taxes related to vesting of stock units $ (19)   $ (19)        
Repurchases of common stock (in shares) (40,000,000)   (40,000,000)        
Repurchases of common stock $ (904)   $ (904)        
Cash dividends declared and dividend equivalents accrued (308)   (308)        
Stock-based compensation 134   134        
Extinguishment of convertible debt (100)   $ (100)        
Acquisition consideration (in shares)     94,000,000        
Acquisition consideration $ 2,141   $ 2,141        
Ending balance (in shares) at Mar. 31, 2023 640,000,000   640,000,000        
Ending balance at Mar. 31, 2023 $ 2,200   $ 2,800   (15) (585)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2020-06 [Member]            
Net income (loss) $ 616         616  
Other comprehensive income (loss), net of taxes 26       26    
Common stock issued under employee stock incentive plans (in shares)     6,000,000        
Common stock issued under employee stock incentive plans 12   $ 12        
Shares withheld for taxes related to vesting of restricted stock units (in shares)     (2,000,000)        
Shares withheld for taxes related to vesting of stock units $ (26)   $ (26)        
Repurchases of common stock (in shares) (21,000,000)   (21,000,000) [2]        
Repurchases of common stock [2] $ (444)   $ (444)        
Cash dividends declared and dividend equivalents accrued (325)   (253)     (72)  
Stock-based compensation $ 138   $ 138        
Ending balance (in shares) at Mar. 29, 2024 623,000,000   623,000,000        
Ending balance at Mar. 29, 2024 $ 2,197   $ 2,227   $ 11 $ (41)  
[1] Effective on April 2, 2022, we adopted ASU 2020-06 (Debt with Conversion and Other Options, ASC 470-20) using a modified retrospective method.
[2] Amount includes excise tax on share repurchases.