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Employee Equity Incentive Plans
 3 Months Ended
Jul. 03, 2020
Share-based Payment Arrangement [Abstract]  
Employee Equity Incentive Plans Employee Equity Incentive Plans
The following table sets forth the stock-based compensation expense recognized for our equity incentive plans:
 
Three Months Ended
(In millions)
July 3, 2020July 5, 2019
Sales and marketing$4  $7  
Research and development6  7  
General and administrative8  12  
Restructuring and other costs7  —  
Other income, net(1) —  
Total stock-based compensation from continuing operations24  26  
Discontinued operations1  54  
Total stock-based compensation expense$25  $80  
Income tax benefit for stock-based compensation expense$(6) $(15) 
As of July 3, 2020, the total unrecognized stock-based compensation costs related to our unvested stock-based awards was $66 million, which will be recognized over an estimated weighted-average amortization period of 1.2 years.
The following table summarizes additional information related to our stock-based awards, including awards associated with our discontinued operations:
 Three Months Ended
(In millions, except per grant data) July 3, 2020July 5, 2019
Restricted stock units (RSUs):
Weighted-average fair value per award granted
$20.86  $19.39  
Awards granted—  (1)12  
Total fair value of awards released$56  $174  
Outstanding and unvested4  22  
Performance-based restricted stock units (PRUs):
Weighted-average fair value per award granted$—  $19.21  
Awards granted—  2  
Total fair value of awards released$3  $26  
Outstanding and unvested at target payout1  3  
Stock options:
Weight-average fair value per award granted$—  $4.76  
Awards granted—  2  
Total intrinsic value of stock options exercised$3  $71  
Outstanding1  8  
Exercisable—  (1)6  
(1) The number of shares is less than 1 million.
Dividend equivalent rights (DERs)
Our RSUs and PRUs contain DERs that entitles the recipient of an award to receive cash dividend payments if and when the underlying shares are released. The amount of DERs equals the amount of cumulated dividends on the issued number of common stock that would have been payable since the date the associated award was granted. As of July 3, 2020 and April 3,2020, current dividends payable related to DER was $47 million and $62 million, respectively, recorded as part of Other current liabilities in the Condensed Consolidated Balance Sheets, and long-term dividends payable related to DER was $10 million and $31 million, respectively, recorded as part of Other long-term liabilities.
Stock-based award modifications
In connection with the Broadcom sale, during the three months ended July 3, 2020 and fiscal 2020, we entered into severance and retention arrangements with certain executives. Pursuant to these agreements, these executives are entitled to receive vesting of 50% of their unvested equity, subject to a service condition, and the remaining unvested equity may be earned at levels of 0% to 150%, subject to market and service conditions. In addition, during the three months ended July 3, 2020 and fiscal 2020, we entered into severance and retention arrangements with certain other employees in connection with restructuring activities and the Broadcom sale, which accelerated either a portion or all of the vesting of their stock-based awards.
During the three months ended July 3, 2020, we recognized $13 million of expense associated with these modifications, of which $3 million was recognized in General and administrative expense, $1 million in Sales and marketing expense, $2 million in Research and development expense, and $7 million in continuing operations restructuring costs.