Debt (Tables)

3 Months Ended

Jun. 29, 2018

Debt Disclosure [Abstract]

Schedule of Components of Debt

The following table summarizes components of our long-term debt:

(In millions, except percentages)	June 29, 2018			March 30, 2018			Effective Interest Rate
Senior Term Loan A-2 due August 1, 2019	$	600		$	600		LIBOR plus (1)
4.2% Senior Notes due September 15, 2020	750			750			4.25	%
2.5% Convertible Senior Notes due April 1, 2021	500			500			3.76	%
Senior Term Loan A-5 due August 1, 2021	500			500			LIBOR plus (1)
2.0% Convertible Senior Notes due August 15, 2021	1,250			1,250			2.66	%
3.95% Senior Notes due June 15, 2022	400			400			4.05	%
5.0% Senior Notes due April 15, 2025	1,100			1,100			5.23	%
Total principal amount	5,100			5,100
Less: Unamortized discount and issuance costs	(68		)	(74		)
Total long-term debt	$	5,032		$	5,026

(1) The senior term facilities bear interest at a rate equal to the London Interbank Offered Rate (“LIBOR”) plus a margin based on the current debt rating of our non-credit-enhanced, senior unsecured long-term debt and the underlying loan agreements. The interest rates for the outstanding senior term loans are as follows:

	June 29, 2018		March 30, 2018
Senior Term Loan A-2 due August 1, 2019	3.88	%	3.31	%
Senior Term Loan A-5 due August 1, 2021	4.08	%	3.54	%

Schedule of Maturities of Long-term Debt

As of June 29, 2018, the future contractual maturities of debt by fiscal year are as follows:

(In millions)	June 29, 2018
2020	$	600
2021	1,250
2022	1,750
2023	400
Thereafter	1,100
Total future maturities of debt	$	5,100

Schedule of Interest Expense

The following table sets forth total interest expense recognized related to our 2.5% and 2.0% Convertible Senior Notes:

	Three Months Ended
(In millions)	June 29, 2018		June 30, 2017
Contractual interest expense	$	9	$	9
Amortization of debt discount and issuance costs	$	4	$	4