Income Taxes (Tables)

12 Months Ended

Mar. 28, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of income tax expense (benefit)

The components of our income (loss) before income taxes are as follows:

	Year Ended
(In millions)	March 28, 2025		March 29, 2024		March 31, 2023
Domestic	$	514	$	70	$	337
International	515		377		446
Income (loss) before income taxes	$	1,029	$	447	$	783

The components of income tax expense (benefit) are as follows:

	Year Ended
(In millions)	March 28, 2025		March 29, 2024		March 31, 2023
Current:
Federal	$	246	$	201	$	(479)
State	21		43		(28)
International	149		579		99
Total	416		823		(408)
Deferred:
Federal	(33)		(729)		(114)
State	13		(134)		(11)
International	(10)		(120)		(18)
Total	(30)		(983)		(143)
Income tax expense (benefit)	$	386	$	(160)	$	(551)

Schedule of Difference Between Effective Income Tax and Federal Statutory Income Tax

The U.S. federal statutory income tax rates we have applied for fiscal 2025, 2024 and 2023 are as follows:

	Year Ended
	March 28, 2025		March 29, 2024		March 31, 2023
U.S. federal statutory income tax rate	21.0	%	21.0	%	21.0	%

The difference between our effective income tax and the federal statutory income tax is as follows:

	Year Ended
(In millions)	March 28, 2025		March 29, 2024		March 31, 2023
Federal statutory tax expense (benefit)	$	216	$	93	$	165
State taxes, net of federal benefit	41		—		—
Foreign earnings taxed at other than the federal rate	(30)		(22)		(12)
Nondeductible expenses	31		48		20
Federal research and development credit	(4)		(6)		(5)
Valuation allowance increase (decrease)	10		(4)		(33)
Change in unrecognized tax benefits	(37)		338		163
Tax interest and penalties	84		129		13
Stock-based compensation	12		17		9
US tax on foreign earnings	55		20		12
Return to provision adjustment	4		—		1
Foreign exchange loss (gain)	10		(28)		(17)
Capital loss	—		(44)		(910)
Legal entity restructuring	—		(719)		42
Other, net	(6)		18		1
Income tax expense (benefit)	$	386	$	(160)	$	(551)

Schedule of Principal Components of Deferred Tax Assets

The principal components of deferred tax assets and liabilities are as follows:

(In millions)	March 28, 2025		March 29, 2024
Deferred tax assets:
Tax credit carryforwards	$	17	$	27
Net operating loss carryforwards of acquired companies	51		60
Interest	71		63
Other accruals and reserves not currently tax deductible	358		332
Goodwill	463		517
Capitalized research and experimental expenditures	112		82
Loss on investments not currently tax deductible	74		60
Other	61		77
Gross deferred tax assets	1,207		1,218
Valuation allowance	(107)		(93)
Deferred tax assets, net of valuation allowance	1,100		1,125
Deferred tax liabilities:
Intangible assets	(91)		(127)
Unremitted earnings of foreign subsidiaries	(4)		(14)
Other	(9)		(9)
Deferred tax liabilities	(104)		(150)
Net deferred tax assets (liabilities)	$	996	$	975

Schedule of Unrecognized Tax Benefits Roll Forward

The aggregate changes in the balance of gross unrecognized tax benefits were as follows:

	Year Ended
(In millions)	March 28, 2025		March 29, 2024		March 31, 2023
Balance at beginning of year	$	1,163	$	710	$	527
Settlements with tax authorities	—		(8)		(2)
Lapse of statute of limitations	(27)		(14)		(96)
Increase related to prior period tax positions	14		47		9
Decrease related to prior period tax positions	(13)		(9)		(15)
Increase related to current year tax positions	9		467		259
Increase due to acquisition	—		—		28
Increase (decrease) related to foreign currency exchange rates	7		(30)		—
Balance at end of year	$	1,153	$	1,163	$	710