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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 29, 2024
Mar. 31, 2023
Apr. 01, 2022
OPERATING ACTIVITIES:      
Net income $ 616 $ 1,349 $ 836
Adjustments:      
Amortization and depreciation 485 329 140
Impairments and write-offs of current and long-lived assets   25 13
Impairments and write-offs of current and long-lived assets (3)    
Stock-based compensation expense 138 134 70
Deferred income taxes (991) (145) (81)
Loss (gain) on extinguishment of debt 0 9 3
Gain on sale of properties (9) 0 (175)
Non-cash operating lease expense 18 23 20
Impairment on non-marketable equity investments 40 0 0
Other 22 2 1
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net 7 11 (9)
Accounts payable (12) (8) 10
Accrued compensation and benefits (24) (6) (26)
Contract liabilities 35 (5) 67
Income taxes payable 446 (128) (78)
Other assets 864 (696) (7)
Other liabilities 432 (137) 190
Net cash provided by (used in) operating activities 2,064 757 974
INVESTING ACTIVITIES:      
Purchases of property and equipment (20) (6) (6)
Payments for acquisitions, net of cash acquired 0 (6,547) (39)
Proceeds from the maturities and sales of short-term investments 0 4 15
Proceeds from the sale of properties 25 0 355
Other (3) 2 1
Net cash provided by (used in) investing activities 2 (6,547) 326
FINANCING ACTIVITIES:      
Repayments of debt and related equity component (1,183) (3,047) (541)
Proceeds from issuance of debt, net of issuance costs 0 8,954 512
Net proceeds from sales of common stock under employee stock incentive plans 12 12 14
Tax payments related to vesting of stock units (26) (20) (15)
Dividends and dividend equivalents paid (323) (314) (303)
Repurchases of common stock (441) (904) 0
Net cash provided by (used in) financing activities (1,961) 4,681 (333)
Effect of exchange rate fluctuations on cash and cash equivalents (9) (28) (13)
Change in cash and cash equivalents 96 (1,137) 954
Beginning cash and cash equivalents 750 1,887 933
Ending cash and cash equivalents $ 846 $ 750 $ 1,887