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Restructuring and Other Costs
 12 Months Ended
Mar. 29, 2024
Restructuring and Related Activities [Abstract]  
Restructuring and Other Costs Restructuring and Other Costs
Our restructuring and other costs consist primarily of severance and termination benefits, contract cancellation charges, asset write-offs and impairments and other exit and disposal costs. Severance costs generally include severance payments, outplacement services, health insurance coverage and legal costs. Contract cancellation charges primarily include penalties for early termination of contracts and write-offs of related prepaid assets. Other exit and disposal costs include costs to exit and consolidate facilities in connection with restructuring events. Separation costs primarily consist of consulting costs incurred in connection with our divestitures.
September 2022 Plan
In connection with our acquisition of Avast, our Board of Directors approved a restructuring plan (the September 2022 Plan) to realize cost savings and operational synergies, which became effective upon the close of acquisition on September 12, 2022. Actions under this plan include the reduction of our workforce, contract terminations, facilities closures, and the sale of underutilized facilities as well as stock-based compensation charges for accelerated equity awards to certain terminated employees. We expect that we will incur total costs up to $150 million following the completion of the acquisition. These actions are expected to be completed by fiscal 2025. As of March 29, 2024, we have incurred costs of $125 million related to the September 2022 Plan.
December 2020 Plan
In December 2020, our Board of Directors approved a restructuring plan (the December 2020 Plan) to consolidate facilities and reduce operating costs in connection with our acquisition of Avira. These actions were completed in fiscal 2022. Any remaining costs or adjustments are immaterial. We incurred total costs of $24 million under the December 2020 Plan.
Restructuring summary
Our activities and liability balances related to our September 2022 Plan are presented in the tables below:
(In millions)Liability Balance as of March 31, 2023Net ChargesCash PaymentsNon-Cash ItemsLiability Balance as of March 29, 2024
Severance and termination benefit costs$7 $42 $(29)$— $20 
Contract cancellation charges— 5 (5)— — 
Stock-based compensation charges— 1 — (1)— 
Asset write-offs— 1 — (1)— 
Other exit and disposal costs— 7 (7)— — 
Total$7 $56 $(41)$(2)$20 
The restructuring liabilities are included in Other current liabilities in our Consolidated Balance Sheets.
Restructuring and other costs summary
Our restructuring and other costs are presented in the table below:
Year Ended
(In millions)March 29, 2024March 31, 2023April 1, 2022
Severance and termination benefit costs$42 $40 $5 
Contract cancellation charges5 2 3 
Stock-based compensation charges1 11 — 
Asset write-offs and impairments1 4 5 
Other exit and disposal costs8 12 18 
Total restructuring and other$57 $69 $31 
Occasionally, we incur costs related to past restructuring plans. These charges were immaterial during fiscal 2024.