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Employee Equity Incentive Plans
 6 Months Ended
Oct. 02, 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 EndedSix Months Ended
(In millions)
October 2, 2020October 4, 2019October 2, 2020October 4, 2019
Cost of revenues$1 $1 $1 $1 
Sales and marketing5 6 9 13 
Research and development7 8 13 15 
General and administrative6 14 14 26 
Restructuring and other costs1 — 8 — 
Other income, net— — (1)— 
Total stock-based compensation from continuing operations20 29 44 55 
Discontinued operations— 41 1 95 
Total stock-based compensation expense$20 $70 $45 $150 
Income tax benefit for stock-based compensation expense$(4)$(14)$(10)$(29)
As of October 2, 2020, the total unrecognized stock-based compensation costs related to our unvested stock-based awards was $121 million, which will be recognized over an estimated weighted-average amortization period of 1.7 years.
The following table summarizes additional information related to our stock-based awards, including awards associated with our discontinued operations:
 Six Months Ended
(In millions, except per grant data) October 2, 2020October 4, 2019
Restricted stock units (RSUs):
Weighted-average fair value per award granted
$20.67 $19.50 
Awards granted3 12 
Total fair value of awards released$66 $199 
Outstanding and unvested6 20 
Performance-based restricted stock units (PRUs):
Weighted-average fair value per award granted$27.82 $19.21 
Awards granted1 2 
Total fair value of awards released$3 $28 
Outstanding and unvested at target payout2 3 
Stock options:
Weight-average fair value per award granted$— $4.76 
Awards granted— 2 
Total intrinsic value of stock options exercised$4 $113 
Outstanding1 6 
Exercisable— 4 
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 October 2, 2020 and April 3, 2020, current dividends payable related to DER was $49 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 first quarter of fiscal 2021 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 six months ended October 2, 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.
The following table summarizes the stock-based compensation expense recognized as a result of these modifications:
(In millions)
Three Months Ended October 2, 2020Six Months Ended October 2, 2020
Sales and marketing$1 $2 
Research and development3 5 
General and administrative3 6 
Restructuring and other costs1 8 
Total stock-based compensation$8 $21