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Stock-Based Compensation | 3 Months Ended
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Jul. 01, 2022
Share-Based Payment Arrangement [Abstract] |
Stock-Based Compensation | Stock-Based Compensation The following table sets forth the stock-based compensation expense recognized for our equity incentive plans:
| Three Months Ended |  |
(In millions) | July 1, 2022 |  | July 2, 2021 |  |  |  |
Cost of revenues | $ | 1 |  |  | $ | — |  |  |  |  |
Sales and marketing | 7 |  |  | 5 |  |  |  |  |
Research and development | 6 |  |  | 6 |  |  |  |  |
General and administrative | 10 |  |  | 9 |  |  |  |  |
Total stock-based compensation expense | $ | 24 |  |  | $ | 20 |  |  |  |  |
Income tax benefit for stock-based compensation expense | $ | (4) |  |  | $ | (4) |  |  |  |  |
As of July 1, 2022, the total unrecognized stock-based compensation costs related to our unvested stock-based awards was $213 million, which will be recognized over an estimated weighted-average amortization period of 2.4 years. The following table summarizes additional information related to our stock-based awards:
| Three Months Ended |
(In millions, except per grant data) | July 1, 2022 |  | July 2, 2021 |
Restricted stock units (RSUs): |  |  |  |
Weighted-average fair value per award granted | $ | 24.51 |  |  | $ | 21.29 |  |
Awards granted | 2 |  |  | 3 |  |
Total fair value of awards released | $ | 46 |  |  | $ | 49 |  |
Outstanding and unvested | 6 |  |  | 6 |  |
Performance-based restricted stock units (PRUs): |  |  |  |
Weighted-average fair value per award granted | $ | 33.04 |  |  | $ | 28.84 |  |
Awards granted | 1 |  |  | 1 |  |
Total fair value of awards released | $ | 2 |  |  | $ | — |  |
Outstanding and unvested at target payout | 4 |  |  | 2 |  |
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 July 1, 2022 and April 1, 2022, current dividends payable related to DER was $3 million and $11 million, respectively, recorded as part of Other current liabilities in the Condensed Consolidated Balance Sheets, and long-term dividends payable related to DER was $2 million and $2 million, respectively, recorded as part of Other long-term liabilities.

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