Derivatives (Tables)

9 Months Ended

Dec. 29, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

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

	Notional Amount				Fair Value of Derivative Assets				Fair Value of Derivative Liabilities
(In millions)	December 29, 2023		March 31, 2023		December 29, 2023		March 31, 2023		December 29, 2023		March 31, 2023
Foreign exchange contracts not designated as hedging instrument (1)	$	306	$	291	$	—	$	—	$	—	$	—
Interest rate swap contracts designated as cash flow hedge	1,000		1,000		6		1		—		2
Total	$	1,306	$	1,291	$	6	$	1	$	—	$	2

(1) The fair values of the foreign exchange contracts are less than $1 million as of December 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:

	December 29, 2023
(In millions)	Three Months Ended		Nine Months Ended
Interest rate swap contracts designated as cash flow hedge	$	15	$	(17)

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				Nine Months Ended				Condensed Consolidated Statements of Operations Classification
(In millions)	December 29, 2023		December 30, 2022		December 29, 2023		December 30, 2022
Foreign exchange contracts not designated as hedging instrument	$	3	$	2	$	(6)	$	(8)	Other income (expense), net
Interest rate swap contracts designated as cash flow hedge	4		—		11		—		Interest expense
Total	$	7	$	2	$	5	$	(8)