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Employee Equity Incentive Plans | 6 Months Ended
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Oct. 02, 2020
Share-based Payment Arrangement [Abstract] |
Employee Equity Incentive Plans | Employee Equity Incentive Plans The following table sets forth the stock-based compensation expense recognized for our equity incentive plans:
| Three Months Ended |  | Six Months Ended
(In millions) | October 2, 2020 |  | October 4, 2019 |  | October 2, 2020 |  | October 4, 2019
Cost of revenues | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |
Sales and marketing | 5 |  |  | 6 |  |  | 9 |  |  | 13 |
Research and development | 7 |  |  | 8 |  |  | 13 |  |  | 15 |
General and administrative | 6 |  |  | 14 |  |  | 14 |  |  | 26 |
Restructuring and other costs | 1 |  |  | — |  |  | 8 |  |  | — |
Other income, net | — |  |  | — |  |  | (1) |  |  | — |
Total stock-based compensation from continuing operations | 20 |  |  | 29 |  |  | 44 |  |  | 55 |
Discontinued operations | — |  |  | 41 |  |  | 1 |  |  | 95 |
Total stock-based compensation expense | $ | 20 |  |  | $ | 70 |  |  | $ | 45 |  |  | $ | 150 |
Income tax benefit for stock-based compensation expense | $ | (4) |  |  | $ | (14) |  |  | $ | (10) |  |  | $ | (29) |
As of October 2, 2020, the total unrecognized stock-based compensation costs related to our unvested stock-based awards was $121 million, which will be recognized over an estimated weighted-average amortization period of 1.7 years. The following table summarizes additional information related to our stock-based awards, including awards associated with our discontinued operations:
| Six Months Ended
(In millions, except per grant data) | October 2, 2020 |  | October 4, 2019
Restricted stock units (RSUs): |  |  |
Weighted-average fair value per award granted | $ | 20.67 |  |  | $ | 19.50 |
Awards granted | 3 |  |  | 12 |
Total fair value of awards released | $ | 66 |  |  | $ | 199 |
Outstanding and unvested | 6 |  |  | 20 |
Performance-based restricted stock units (PRUs): |  |  |
Weighted-average fair value per award granted | $ | 27.82 |  |  | $ | 19.21 |
Awards granted | 1 |  |  | 2 |
Total fair value of awards released | $ | 3 |  |  | $ | 28 |
Outstanding and unvested at target payout | 2 |  |  | 3 |
Stock options: |  |  |
Weight-average fair value per award granted | $ | — |  |  | $ | 4.76 |
Awards granted | — |  |  | 2 |
Total intrinsic value of stock options exercised | $ | 4 |  |  | $ | 113 |
Outstanding | 1 |  |  | 6 |
Exercisable | — |  |  | 4 |
Dividend equivalent rights (DERs) Our RSUs and PRUs contain DERs that entitles the recipient of an award to receive cash dividend payments if and when the underlying shares are released. The amount of DERs equals the amount of cumulated dividends on the issued number of common stock that would have been payable since the date the associated award was granted. As of October 2, 2020 and April 3, 2020, current dividends payable related to DER was $49 million and $62 million, respectively, recorded as part of Other current liabilities in the Condensed Consolidated Balance Sheets, and long-term dividends payable related to DER was $10 million and $31 million, respectively, recorded as part of Other long-term liabilities. Stock-based award modifications In connection with the Broadcom sale, during the first quarter of fiscal 2021 and fiscal 2020, we entered into severance and retention arrangements with certain executives. Pursuant to these agreements, these executives are entitled to receive vesting of 50% of their unvested equity, subject to a service condition, and the remaining unvested equity may be earned at levels of 0% to 150%, subject to market and service conditio ns. In addition, during the six months ended October 2, 2020 and fiscal 2020, we entered into severance and retention arrangements with certain other employees in connection with restructuring activities and the Broadcom sale, which accelerated either a portion or all of the vesting of their stock-based awards. The following table summarizes the stock-based compensation expense recognized as a result of these modifications:
(In millions) | Three Months Ended October 2, 2020 |  | Six Months Ended October 2, 2020
Sales and marketing | $ | 1 |  |  | $ | 2 |
Research and development | 3 |  |  | 5 |
General and administrative | 3 |  |  | 6 |
Restructuring and other costs | 1 |  |  | 8 |
Total stock-based compensation | $ | 8 |  |  | $ | 21 |

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