Stockholders' Equity

12 Months Ended

Mar. 28, 2025

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders' Equity

Dividends

On May 6, 2025, we announced that our Board of Directors declared a cash dividend of $0.125 per share of common stock to be paid in June 2025. All shares of common stock issued and outstanding and all RSUs and PRUs as of the record date will be entitled to the dividend and dividend equivalent rights (DERs), respectively, which will be paid out if and when the underlying shares are released. However, the 4 million unvested RSUs assumed in connection with the acquisition of Avast will not be entitled to DERs. See Note 15 for further information about these equity awards. Any future dividends and DERs will be subject to the approval of our Board of Directors.

Stock repurchase program

In May 2024, our Board of Directors authorized a new stock repurchase program through which we may repurchase shares of our common stock in an aggregate amount of up to $3 billion with no fixed expiration. This new stock repurchase program will supersede any amounts under the prior stock repurchase programs. Under our stock repurchase program, we may purchase shares of our outstanding common stock on the open market and through accelerated stock repurchase transactions. As of March 28, 2025, we had $2,728 million remaining under the authorization to be completed in future periods.

The following table summarizes activity related to our stock repurchase program during the years ended March 28, 2025 and March 29, 2024:

	Year Ended
(In millions, except per share amounts)	March 28, 2025		March 29, 2024
Number of shares repurchased	11		21
Average price per share	$	24.65	$	20.87
Aggregate purchase price	$	272	$	441

Accumulated other comprehensive income (loss)

Accumulated other comprehensive income (loss), net of taxes, consisted of foreign currency translation adjustments:

(In millions)	Foreign Currency Translation Adjustments		Net Unrealized Gain (Loss) On Interest Rate Derivative		Total
Balance as of March 31, 2023	$	(15)	$	—	$	(15)
Other comprehensive income (loss), net of taxes	10		16		26
Balance as of March 29, 2024	(5)		16		11
Other comprehensive income (loss), net of taxes	(31)		(13)		(44)
Balance as of March 28, 2025	$	(36)	$	3	$	(33)