Derivatives (Tables)

6 Months Ended

Sep. 29, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following table summarizes our outstanding derivative instruments as of September 29, 2023 and March 31, 2023:

	Notional Amount				Fair Value of Derivative Assets				Fair Value of Derivative Liabilities
(In millions)	September 29, 2023		March 31, 2023		September 29, 2023		March 31, 2023		September 29, 2023		March 31, 2023
Foreign exchange contracts not designated as hedging instrument (1)	$	241	$	291	$	—	$	—	$	—	$	—
Interest rate swap contracts designed as cash flow hedge	1,000		1,000		24		1		—		2
Total	$	1,241	$	1,291	$	24	$	1	$	—	$	2

(1) The fair values of the foreign exchange contracts are less than $1 million as of September 29, 2023 and March 31, 2023.

Schedule of Effect of Cash Flow Hedges on AOCI

The following table summarizes the effect of our cash flow hedges on AOCI during the periods indicated:

	September 29, 2023
(In millions)	Three Months Ended		Six Months Ended
Interest rate swap contracts designed as cash flow hedge	$	(10)	$	(32)

Schedule of Derivative Instruments, Gain (Loss)

The related gain (loss) recognized in our Condensed Consolidated Statements of Operations, with presentation location was as follows:

	Three Months Ended				Six Months Ended				Condensed Consolidated Statements of Operations Classification
(In millions)	September 29, 2023		September 30, 2022		September 29, 2023		September 30, 2022
Foreign exchange contracts not designated as hedging instrument	$	(6)	$	(3)	$	(9)	$	(10)	Other income (expense), net
Interest rate swap contracts designed as cash flow hedge	4		—		7		—		Interest expense
Total	$	(2)	$	(3)	$	(2)	$	(10)