Leases

9 Months Ended

Jan. 01, 2021

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, 3 years to 5 years for equipment, and 3 years 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				Nine Months Ended
(In millions)	January 1, 2021		January 3, 2020		January 1, 2021		January 3, 2020
Operating lease costs	$	4	$	6	$	13	$	28
Short-term lease costs	1		2		3		6
Variable lease costs	—		6		5		17
Total lease costs	$	5	$	14	$	21	$	51

Other information related to our operating leases as of January 1, 2021 was as follows:

Weighted-average remaining lease term	4.4 years
Weighted-average discount rate	4.13	%

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

As of January 1, 2021, the maturities of our lease liabilities by fiscal year are as follows:

(In millions)
Remainder of 2021	$	8
2022	29
2023	22
2024	19
2025	13
Thereafter	15
Total lease payments	106
Less: Imputed interest	(9)
Present value of lease liabilities	$	97