Debt (Tables)

12 Months Ended

Mar. 29, 2024

Debt Disclosure [Abstract]

Schedule of Components of Debt

The following table summarizes components of our debt:

(In millions, except percentages)	March 29, 2024		March 31, 2023		Effective Interest Rate
5.0% Senior Notes due April 15, 2025	$	1,100	$	1,100	5.00	%
Term A Facility due September 12, 2027	3,666		3,861		SOFR + % (2)
6.75% Senior Notes due September 30, 2027	900		900		6.75	%
Term B Facility due September 12, 2029	2,444		3,431		SOFR + % (3)
1.29% Avira Mortgage due December 30, 2029 (1)	3		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	8,716		9,899
Less: unamortized discount and issuance costs	(112)		(137)
Total debt	8,604		9,762
Less: current portion	(175)		(233)
Total long-term debt	$	8,429	$	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:

	March 29, 2024		March 31, 2023
Term A Facility due September 12, 2027	7.18	%	6.66	%
Term B Facility due September 12, 2029	7.43	%	6.91	%

Schedule of Maturities of Long-term Debt

As of March 29, 2024, the future contractual maturities of debt by fiscal year are as follows:

(In millions)
2025	$	175
2026	1,392
2027	233
2028	4,017
2029	38
Thereafter	2,861
Total future maturities of debt	$	8,716

Schedule of Interest Expense

The following table sets forth total interest expense recognized related to our convertible notes:

	Year Ended
(In millions)	March 31, 2023		April 1, 2022
Contractual interest expense	$	4	$	12
Amortization of debt discount and issuance costs	$	—	$	4
Payments in lieu of conversion price adjustments (1)	$	1	$	8

(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.