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Leases
6 Months Ended
Sep. 27, 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 2033. Our leases generally have terms that range from 1 year to 9 years for our facilities, 1 year to 4 years for equipment and 1 year to 7 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 EndedSix Months Ended
(In millions)September 27, 2024September 29, 2023September 27, 2024September 29, 2023
Operating lease costs$$$$
Short-term lease costs— 
Variable lease costs
Total lease costs$$$10 $10 
Other information related to our operating leases was as follows:
September 27, 2024March 29, 2024
Weighted-average remaining lease term5.0 years4.6 years
Weighted-average discount rate5.60 %5.35 %
See Note 6 for cash flow information related to our operating leases.
As of September 27, 2024, the maturities of our lease liabilities by fiscal year are as follows:
(In millions)
Remainder of 2025$
202616 
202715 
2028
2029
Thereafter13 
Total lease payments69 
Less: Imputed interest(9)
Present value of lease liabilities$60