Leases

12 Months Ended

Mar. 28, 2025

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 for fiscal 2025, 2024 and 2023:

	Year Ended
(In millions)	March 28, 2025		March 29, 2024		March 31, 2023
Operating lease costs	$	14	$	12	$	16
Short-term lease costs	3		3		2
Variable lease costs	4		6		8
Total lease costs	$	21	$	21	$	26

Other information related to our operating leases for fiscal 2025, 2024 and 2023 was as follows:

	Year Ended
	March 28, 2025		March 29, 2024		March 31, 2023
Weighted-average remaining lease term	4.7 years		4.6 years		2.8 years
Weighted-average discount rate	5.71	%	5.35	%	4.38	%

See Note 7 for cash flow information related to our operating leases.

As of March 28, 2025, the maturities of our lease liabilities by fiscal year are as follows:

(In millions)
2026	$	16
2027	16
2028	10
2029	8
2030	7
Thereafter	7
Total lease payments	64
Less: Imputed interest	(8)
Present value of lease liabilities	$	56