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Leases
3 Months Ended
Jun. 28, 2024
Leases [Abstract]  
Leases Leases
We lease certain facilities, equipment and data center co-locations under operating leases that expire on various dates through fiscal 2030. Our leases generally have terms that range from 1 year to 8 years for our facilities, 1 year to 4 years for equipment and 1 year to 5 years for data center co-locations. Some of our leases contain renewal options, escalation clauses, rent concessions and leasehold improvement incentives.
The following summarizes our lease costs:
Three Months Ended
(In millions)June 28, 2024June 30, 2023
Operating lease costs$$
Short-term lease costs— 
Variable lease costs— 
Total lease costs$$
Other information related to our operating leases was as follows:
June 28, 2024March 29, 2024
Weighted-average remaining lease term4.6 years4.6 years
Weighted-average discount rate5.80 %5.35 %
See Note 6 for cash flow information related to our operating leases.
As of June 28, 2024, the maturities of our lease liabilities by fiscal year are as follows:
(In millions)
Remainder of 2025$11 
202614 
202714 
2028
2029
Thereafter
Total lease payments61 
Less: Imputed interest(7)
Present value of lease liabilities$54