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Stock-Based Compensation
3 Months Ended
Jul. 01, 2022
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
The following table sets forth the stock-based compensation expense recognized for our equity incentive plans:
 
Three Months Ended
(In millions)
July 1, 2022July 2, 2021
Cost of revenues$$— 
Sales and marketing
Research and development
General and administrative10 
Total stock-based compensation expense$24 $20 
Income tax benefit for stock-based compensation expense$(4)$(4)
As of July 1, 2022, the total unrecognized stock-based compensation costs related to our unvested stock-based awards was $213 million, which will be recognized over an estimated weighted-average amortization period of 2.4 years.
The following table summarizes additional information related to our stock-based awards:
 Three Months Ended
(In millions, except per grant data) July 1, 2022July 2, 2021
Restricted stock units (RSUs):
Weighted-average fair value per award granted
$24.51 $21.29 
Awards granted
Total fair value of awards released$46 $49 
Outstanding and unvested
Performance-based restricted stock units (PRUs):
Weighted-average fair value per award granted$33.04 $28.84 
Awards granted
Total fair value of awards released$$— 
Outstanding and unvested at target payout
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 July 1, 2022 and April 1, 2022, current dividends payable related to DER was $3 million and $11 million, respectively, recorded as part of Other current liabilities in the Condensed Consolidated Balance Sheets, and long-term dividends payable related to DER was $2 million and $2 million, respectively, recorded as part of Other long-term liabilities.