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Leases
3 Months Ended
Jul. 01, 2022
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 2029. Our leases generally have terms that range from 1 year to 8 years for our facilities, 1 year to 3 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
(In millions)July 1, 2022July 2, 2021
Operating lease costs$$
Short-term lease costs
Variable lease costs
Total lease costs$$
Other information related to our operating leases was as follows:
Three Months Ended
July 1, 2022July 2, 2021
Weighted-average remaining lease term4.6 years4.2 years
Weighted-average discount rate4.05 %4.11 %
See Note 7 for cash flow information related to our operating leases.
As of July 1, 2022, the maturities of our lease liabilities by fiscal year are as follows:
(In millions)
Remainder of 2023$16 
202426 
202521 
202615 
202715 
Thereafter
Total lease payments96 
Less: Imputed interest(8)
Present value of lease liabilities$88