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Debt (Tables)
 3 Months Ended
Jun. 28, 2024
Debt Disclosure [Abstract]  
Schedule of Components of Debt
The following table summarizes components of our debt:
(In millions, except percentages)
June 28, 2024March 29, 2024
Effective
Interest Rate
5.00% Senior Notes due April 15, 2025
$1,100 $1,100 5.00 %
Term A Facility due September 12, 20273,617 3,666 
SOFR + % (2)
6.75% Senior Notes due September 30, 2027
900 900 6.75 %
Term B Facility due September 12, 20292,405 2,444 
SOFR + % (3)
1.29% Avira Mortgage due December 30, 2029 (1)
3 3 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
8,628 8,716 
Less: unamortized discount and issuance costs
(106)(112)
Total debt8,522 8,604 
Less: current portion(1,332)(175)
Total long-term debt$7,190 $8,429 
(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 1.75%.
The interest rates for the outstanding term loans are as follows:
June 28, 2024March 29, 2024
Term A Facility due September 12, 20276.94 %7.18 %
Term B Facility due September 12, 20297.09 %7.43 %
Schedule of Maturities of Long-term Debt
As of June 28, 2024, the future contractual maturities of debt by fiscal year are as follows:
(In millions)
Remainder of 2025$117 
20261,392 
2027233 
20284,017 
202938 
Thereafter2,831 
Total future maturities of debt$8,628