Leases

6 Months Ended

Oct. 02, 2020

Leases [Abstract]

Leases

Leases

We lease certain of our facilities, equipment, and data center co-locations under operating leases that expire on various dates through fiscal 2028. Our leases generally have terms that range from 1 year to 10 years for our facilities, 1 year to 5 years for equipment, and 1 year to 5 years for data center co-locations. Some of our leases contain renewal options, escalation clauses, rent concessions, and leasehold improvement incentives.

The following summarizes our lease costs:

	Three Months Ended				Six Months Ended
(In millions)	October 2, 2020		October 4, 2019		October 2, 2020		October 4, 2019
Operating lease costs	$	5	$	10	$	9	$	22
Short-term lease costs	1		2		2		4
Variable lease costs	2		5		5		11
Total lease costs	$	8	$	17	$	16	$	37

Other information related to our operating leases as of October 2, 2020 was as follows:

Weighted-average remaining lease term	4.7 years
Weighted-average discount rate	4.04	%

See Note 6 for additional cash flow information related to our operating leases.

As of October 2, 2020, the maturities of our lease liabilities by fiscal year are as follows:

(In millions)
Remainder of 2021	$	17
2022	29
2023	22
2024	20
2025	14
Thereafter	17
Total lease payments	119
Less: Imputed interest	(10)
Present value of lease liabilities	$	109