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Debt (Tables)
 9 Months Ended
Dec. 29, 2023
Debt Disclosure [Abstract]  
Schedule of Components of Debt
The following table summarizes components of our debt:
(In millions, except percentages)
December 29, 2023March 31, 2023
Effective
Interest Rate
5.00% Senior Notes due April 15, 2025
$1,100 $1,100 5.00 %
Term A Facility due September 12, 20273,715 3,861 
SOFR + % (2)
6.75% Senior Notes due September 30, 2027
900 900 6.75 %
Term B Facility due September 12, 20293,053 3,431 
SOFR + % (3)
1.29% Avira Mortgage due December 30, 2029 (1)
4 4 1.29 %
7.125% Senior Notes due September 30, 2030
600 600 7.13 %
0.95% Avira Mortgage due December 30, 2030 (1)
3 3 0.95 %
Total principal amount
9,375 9,899 
Less: unamortized discount and issuance costs
(119)(137)
Total debt9,256 9,762 
Less: current portion(175)(233)
Total long-term debt$9,081 $9,529 
(1)     The Avira Mortgages are denominated in a foreign currency so the balances of these mortgages may fluctuate based on changes in foreign currency exchange rates.
(2)     Term A Facility due 2027 bears interest at a rate equal to Term SOFR plus a credit spread adjustment (CSA) plus a margin based either on the current debt rating of our non-credit-enhanced, senior unsecured long-term debt or consolidated adjusted leverage as defined in the underlying loan agreement.
(3)     Term B Facility due 2029 bears interest at a rate equal to Term SOFR plus CSA plus 2.00%.
The interest rates for the outstanding term loans are as follows:
December 29, 2023March 31, 2023
Term A Facility due September 12, 20276.96 %6.66 %
Term B Facility due September 12, 20297.46 %6.91 %
Schedule of Maturities of Long-term Debt
As of December 29, 2023, the future contractual maturities of debt by fiscal year are as follows:
(In millions)
Remainder of 2024$58 
2025176 
20261,392 
2027233 
20284,017 
Thereafter3,499 
Total future maturities of debt$9,375 
Schedule of Interest Expense
The following table sets forth total interest expense recognized related to our Convertible Senior Notes:
Nine Months Ended
(In millions)December 30, 2022
Contractual interest expense$4 
Amortization of debt discount$— 
Payments in lieu of conversion price adjustments (1)
$1 
(1) Payments in lieu of conversion price adjustments consist of amounts paid to holders of the Convertible Senior Notes when our quarterly dividend to our common stockholders exceeds the amounts defined in the Convertible Senior Notes agreements.