Business Combinations (Tables)

12 Months Ended

Mar. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions by Acquisition, Contingent Consideration

The total consideration for the Merger with Avast was approximately $8,688 million, net of cash acquired, and consisted of the following:

(In millions)	September 12, 2022
Cash and equity consideration for outstanding Avast common shares (1)	$	8,109
Repayment of outstanding Avast debt (2)	942
Total consideration	9,051
Cash acquired	363
Net consideration transferred	$	8,688

(1)     Represents the total value of cash paid and our common stock issued to Avast shareholders pursuant to the Majority Cash/Stock Option in the Scheme.

(2)     Represents the cash consideration paid concurrent with the close of the Merger to retire certain Avast debt, including repayment of the associated principal, accrued interest, premiums and other costs.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Our preliminary allocation of the aggregate purchase price, based on the estimated fair values of the assets acquired and liabilities assumed, as of the acquisition date, inclusive of measurement period adjustments, is as follows:

(In millions)	September 12, 2022
Assets:
Accounts receivable	$	63
Other current assets	17
Property and equipment	33
Operating lease assets	18
Intangible assets	2,383
Goodwill	7,349
Other long-term assets	11
Total assets acquired	9,874
Liabilities:
Current liabilities	180
Contract liabilities	509
Operating lease liabilities	18
Long-term deferred tax liabilities	433
Other long-term obligations	46
Total liabilities assumed	1,186
Total purchase price	$	8,688

Our final allocation of the aggregate purchase price for the acquisition as of January 8, 2021, was as follows:

(In millions)	January 8, 2021
Assets:
Current assets	$	12
Intangible assets	162
Goodwill	261
Other long-term asset	21
Total assets acquired	456
Liabilities:
Current liabilities	29
Contract liabilities	54
Other long-term obligations	29
Total liabilities assumed	112
Total purchase price	$	344

Schedule of Acquired Finite-Lived Intangible Assets

Preliminary identified intangible assets and their respective useful lives, as of September 12, 2022, are as follows:

(In millions, except for useful lives)	Fair Value		Weighted-Average Estimated Useful Life (Years)
Customer relationships (1)	$	1,055	7 years
Developed technology (2)	1,244		6 years
Finite-lived trade names (2)	84		10 years
Total identified intangible assets	$	2,383

(1)     Customer relationships were valued using the multi-period excess earnings method, which is a form of the income approach that primarily considers customer retention rate.

(2)     Developed technology and finite-lived trade names were valued using the relief-from-royalty method, which is a form of the income approach that primarily considers technology migration and probability of use, respectively.

Schedule of Acquired Indefinite-Lived Intangible Assets

Preliminary identified intangible assets and their respective useful lives, as of September 12, 2022, are as follows:

(In millions, except for useful lives)	Fair Value		Weighted-Average Estimated Useful Life (Years)
Customer relationships (1)	$	1,055	7 years
Developed technology (2)	1,244		6 years
Finite-lived trade names (2)	84		10 years
Total identified intangible assets	$	2,383

(1)     Customer relationships were valued using the multi-period excess earnings method, which is a form of the income approach that primarily considers customer retention rate.

(2)     Developed technology and finite-lived trade names were valued using the relief-from-royalty method, which is a form of the income approach that primarily considers technology migration and probability of use, respectively.

Schedule of Unaudited Pro Forma Information

The following table summarizes the unaudited pro forma financial information:

	Year Ended
(In millions)	March 31, 2023		April 1, 2022
Net revenues	$	3,804	$	3,737
Net income (loss)	$	1,133	$	242