Leases

6 Months Ended

Sep. 29, 2023

Leases [Abstract]

Leases

LeasesWe lease certain of our facilities, equipment and data center co-locations under operating leases that expire on various dates through fiscal 2030. Our leases generally have terms that range from 1 year to 11 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				Six Months Ended
(In millions)	September 29, 2023		September 30, 2022		September 29, 2023		September 30, 2022
Operating lease costs	$	2	$	3	$	6	$	7
Short-term lease costs	1		—		1		1
Variable lease costs	2		2		3		3
Total lease costs	$	5	$	5	$	10	$	11

Other information related to our operating leases was as follows:

	September 29, 2023		March 31, 2023
Weighted-average remaining lease term	3.9 years		2.8 years
Weighted-average discount rate	5.06	%	4.38	%

See Note 7 for cash flow information related to our operating leases.

As of September 29, 2023, the maturities of our lease liabilities by fiscal year are as follows:

(In millions)
Remainder of 2024	$	11
2025	14
2026	10
2027	10
2028	5
Thereafter	5
Total lease payments	55
Less: Imputed interest	(5)
Present value of lease liabilities	$	50