v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Millions
Total
Common Stock and Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Beginning balance (in shares) at Mar. 28, 2025   617,000,000    
Beginning balance at Mar. 28, 2025 $ 2,269 $ 2,066 $ (33) $ 236
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income (loss) 135     135
Other comprehensive income (loss), net of taxes 59   59  
Common stock issued under employee stock incentive plans (in shares)   6,000,000    
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 $ (44) $ (44)    
Repurchases of common stock (in shares) (5,000,000) (5,000,000) [1]    
Repurchases of common stock [1] $ (134)     (134)
Cash dividends declared and dividend equivalents accrued (80) $ (3)   (77)
Stock-based compensation 66 66    
Fair value of replacement awards issued in connection with business acquisitions 21 21    
Fair value of CVR issued in connection with business acquisitions 73 $ 73    
Ending balance (in shares) at Jul. 04, 2025   616,000,000    
Ending balance at Jul. 04, 2025 $ 2,365 $ 2,179 26 160
Beginning balance (in shares) at Apr. 03, 2026 598,000,000 598,000,000    
Beginning balance at Apr. 03, 2026 $ 2,611 $ 2,341 1 269
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income (loss) 215     215
Other comprehensive income (loss), net of taxes (8)   (8)  
Common stock issued under employee stock incentive plans (in shares)   7,000,000    
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 $ (40) $ (40)    
Repurchases of common stock (in shares) (4,000,000) (4,000,000)    
Repurchases of common stock $ (100)     (100)
Cash dividends declared and dividend equivalents accrued (76) $ (1)   (75)
Stock-based compensation $ 54 $ 54    
Ending balance (in shares) at Jul. 03, 2026 599,000,000 599,000,000    
Ending balance at Jul. 03, 2026 $ 2,656 $ 2,354 $ (7) $ 309
[1] Amount includes excise tax on share repurchases.