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Debt (Tables)
 12 Months Ended
Apr. 01, 2022
Debt Disclosure [Abstract]  
Schedule of Components of Long-Term Debt
The following table summarizes components of our debt:
April 1, 2022April 2, 2021
(In millions, except percentages)AmountEffective
Interest Rate		AmountEffective
Interest Rate
New 2.50% Convertible Senior Notes due April 1, 2022
$— 2.63 %$250 2.63  %
3.95% Senior Notes due June 15, 2022
400 4.05 %400 4.05  %
New 2.00% Convertible Unsecured Notes due August 15, 2022
525 2.62 %625 2.62  %
5.0% Senior Notes due April 15, 2025
1,100 5.00 %1,100 5.00 %
Initial Term Loan due May 7, 20261,010 
LIBOR plus (1)
494 
LIBOR plus (1)
Delayed Term Loan due May 7, 2026703 
LIBOR plus (1)
741 
LIBOR plus (1)
0.95% Avira Mortgage due December 30, 2030
4 0.95 %5 0.95 %
1.29% Avira Mortgage due December 30, 2029
5 1.29 %5 1.29 %
Total principal amount3,747 3,620 
Less: unamortized discount and issuance costs(11)(19)
Total debt3,736 3,601 
Less: current portion(1,000)(313)
Total long-term portion$2,736 $3,288 
(1)The term loans bear interest at a rate equal to the LIBOR plus a margin based on the current debt rating of our non-credit-enhanced, senior unsecured long-term debt, and our underlying loan agreements. The interest rates for the outstanding term loans are as follows:
April 1, 2022April 2, 2021
Initial Term Loan due May 7, 20261.75 %1.50 %
Delayed Term Loan due May 7, 20261.75 %1.50 %
As of April 1, 2022 and April 2, 2021, the Convertible Senior Notes consisted of the following:
April 1, 2022April 2, 2021
(In millions)
New 2.0% Convertible Notes
New 2.5% Convertible Notes
New 2.0% Convertible Notes
Liability component:
Principal$525 $250 $625 
Unamortized discount and issuance costs(1)— (5)
Net carrying amount$524 $250 $620 
Equity component, net of tax$56 $43 $56 
Schedule of Long-Term Debt for Each of the Next Five Years and Thereafter
As of April 1, 2022, the future contractual maturities of debt by fiscal year are as follows:
(In millions)
2023$1,001 
202489 
202589 
20261,189 
20271,376 
Thereafter3 
Total future maturities of debt$3,747 
Schedule of Interest Income and Interest Expense Disclosure
The following table sets forth total interest expense recognized related to our convertible notes:
Year Ended
(In millions)April 1, 2022April 2, 2021April 3, 2020
Contractual interest expense$12 $20 $37 
Amortization of debt discount and issuance costs$4 $4 $13 
Payments in lieu of conversion price adjustments (1)
$8 $12 $11 
(1) Payments in lieu of conversion price adjustments consist of amounts paid to holders of the Convertible Senior Notes when our quarterly dividend to our common stockholders exceeds the amounts defined in the Convertible Senior Notes agreements.