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Derivatives (Tables)
 3 Months Ended
Jun. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table summarizes our outstanding derivative instruments as of June 28, 2024 and March 29, 2024:
Notional AmountFair Value of Derivative AssetsFair Value of Derivative Liabilities
(In millions)June 28, 2024March 29, 2024June 28, 2024March 29, 2024June 28, 2024March 29, 2024
Foreign exchange contracts not designated as hedging instrument (1)
$312 $345 $— $— $— $— 
Interest rate swap contracts designated as cash flow hedge
1,000 1,000 16 16 — — 
Total$1,312 $1,345 $16 $16 $— $— 
(1) The fair values of the foreign exchange contracts are less than $1 million as of June 28, 2024 and March 29, 2024.
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:
Three Months Ended
(In millions)June 28, 2024June 30, 2023
Interest rate swap contracts designated as cash flow hedge
$(4)$(22)
Schedule of Derivative Instruments, Gain (Loss)
The related gain (loss) recognized in our Condensed Consolidated Statements of Operations was as follows:
Three Months EndedCondensed Consolidated Statements of Operations Classification
(In millions)June 28, 2024June 30, 2023
Foreign exchange contracts not designated as hedging instrument$(3)$(3)Other income (expense), net
Interest rate swap contracts designated as cash flow hedge
4 3 Interest expense
Total$1 $—