XML 90 R73.htm IDEA: XBRL DOCUMENT v3.22.2.2
Debt - Narrative (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Sep. 12, 2022
Aug. 15, 2022
Jun. 01, 2022
Apr. 02, 2022
Apr. 01, 2022
May 07, 2021
Nov. 04, 2019
Sep. 30, 2022
Oct. 01, 2021
Sep. 30, 2022
Oct. 01, 2021
Apr. 01, 2022
Sep. 19, 2022
Debt Instrument [Line Items]                          
Interest expense paid                   $ 63,000,000 $ 60,000,000    
Gain on extinguishment of debt               $ (9,000,000) $ 0 (9,000,000) $ (5,000,000)    
Undrawn revolving line of credit $ 1,000,000,000                        
Debt covenant, aggregate acquisition amount benchmark $ 250,000,000                        
Stated interest rate       2.00%                  
Accounting Standards Update [Extensible Enumeration]       Accounting Standards Update 2020-06               Accounting Standards Update 2020-06  
Retained earnings         $ (1,940,000,000)     (1,665,000,000)   (1,665,000,000)   $ (1,940,000,000)  
Accounting Standards Update 2020-06                          
Debt Instrument [Line Items]                          
Debt instrument, unamortized discount       $ 1,000,000                  
Secured Overnight Financing Rate (SOFR) | Avast plc                          
Debt Instrument [Line Items]                          
Basis spread on variable rate 100.00%                        
Convertible Debt | Accounting Standards Update 2020-06                          
Debt Instrument [Line Items]                          
Conversion price (in dollars per share)       $ 0.01                  
Revolving Credit Facility                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity, revolving line of credit             $ 1,000,000,000            
Revolving Credit Facility | Line of Credit                          
Debt Instrument [Line Items]                          
Line of credit, amount outstanding               $ 0   $ 0      
Term Loan Due November 4, 2024                          
Debt Instrument [Line Items]                          
Debt instrument term (in years)             5 years            
Principal amount             $ 500,000,000            
Delayed Draw Term Loan Due November 4, 2024                          
Debt Instrument [Line Items]                          
Debt instrument term (in years)             5 years            
Principal amount $ 1,703,000,000           $ 750,000,000            
Quarterly installment payment (as a percent)           1.25%              
Interest expense paid 3,000,000                        
Gain on extinguishment of debt 2,000,000                        
Delayed Draw Term Loan Due November 4, 2024 | Line of Credit                          
Debt Instrument [Line Items]                          
Gain on extinguishment of debt $ 4,000,000                        
First Amendment Additional Term Loan Due May 7, 2026                          
Debt Instrument [Line Items]                          
Principal amount           $ 525,000,000              
Credit Agreement First Amendment                          
Debt Instrument [Line Items]                          
Quarterly installment payment (as a percent)           1.25%              
Credit Agreement First Amendment | Term Loan Interim Facility A                          
Debt Instrument [Line Items]                          
Quarterly installment payment (as a percent) 1.25%                        
Credit Agreement First Amendment | Term Loan Interim Facility B                          
Debt Instrument [Line Items]                          
Quarterly installment payment (as a percent) 0.25%                        
2019 Credit Facility                          
Debt Instrument [Line Items]                          
Debt covenant, consolidated leverage ratio 5.25                        
2019 Credit Facility | Minimum | Base Rate                          
Debt Instrument [Line Items]                          
Basis spread on variable rate 1.125%         0.125%              
2019 Credit Facility | Minimum | LIBOR                          
Debt Instrument [Line Items]                          
Basis spread on variable rate           1.125%              
2019 Credit Facility | Minimum | Secured Overnight Financing Rate (SOFR)                          
Debt Instrument [Line Items]                          
Basis spread on variable rate 0.125%                        
2019 Credit Facility | Maximum                          
Debt Instrument [Line Items]                          
Debt covenant, consolidated leverage ratio 5.75                        
2019 Credit Facility | Maximum | Base Rate                          
Debt Instrument [Line Items]                          
Basis spread on variable rate 1.75%         0.75%              
2019 Credit Facility | Maximum | LIBOR                          
Debt Instrument [Line Items]                          
Basis spread on variable rate           1.75%              
2019 Credit Facility | Maximum | Secured Overnight Financing Rate (SOFR)                          
Debt Instrument [Line Items]                          
Basis spread on variable rate 0.75%                        
2019 Credit Facility | Weighted Average                          
Debt Instrument [Line Items]                          
Debt covenant, consolidated leverage ratio 6.0                        
2019 Credit Facility | Revolving Credit Facility | Minimum                          
Debt Instrument [Line Items]                          
Line of credit facility, commitment fee percentage           0.125%              
2019 Credit Facility | Revolving Credit Facility | Maximum                          
Debt Instrument [Line Items]                          
Line of credit facility, commitment fee percentage           0.30%              
Amended and Restated Credit Agreement | Revolving Credit Facility | Avast plc                          
Debt Instrument [Line Items]                          
Principal amount $ 1,500,000,000                        
Amended and Restated Credit Agreement | Term Loan Interim Facility A | Avast plc                          
Debt Instrument [Line Items]                          
Principal amount 3,910,000,000                        
Amended and Restated Credit Agreement | Term Loan Interim Facility B | Avast plc                          
Debt Instrument [Line Items]                          
Principal amount 3,690,000,000                        
Amended and Restated Credit Agreement | Bridge Loan | Avast plc                          
Debt Instrument [Line Items]                          
Principal amount 750,000,000                        
Gain on extinguishment of debt $ 3,000,000                        
Term B Facility due September 12, 2029                          
Debt Instrument [Line Items]                          
Redemption price, percentage 1.00%                        
Term B Facility due September 12, 2029 | Secured Overnight Financing Rate (SOFR)                          
Debt Instrument [Line Items]                          
Basis spread on variable rate                   2.00%      
3.95% Senior Notes due June -2022 | Senior Notes                          
Debt Instrument [Line Items]                          
Principal amount     $ 400,000,000                    
Interest expense paid     $ 7,000,000                    
Stated interest rate     3.95%         3.95%   3.95%      
6.75% And 7.125% Senior Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Principal amount                         $ 1,500,000,000
6.75% Senior Notes due September 30, 2027 | Senior Notes                          
Debt Instrument [Line Items]                          
Stated interest rate               6.75%   6.75%     6.75%
7.125% Senior Notes due September 30, 2030 | Senior Notes                          
Debt Instrument [Line Items]                          
Stated interest rate               7.125%   7.125%     7.125%
New 2.00% Convertible Unsecured Notes due August 15, 2022 | Convertible Debt                          
Debt Instrument [Line Items]                          
Principal amount   $ 525,000,000                      
Interest expense paid   $ 5,000,000                      
Stated interest rate               2.00%   2.00%      
Conversion price (in dollars per share)   $ 20.41                      
New 2.00% Convertible Notes | Accounting Standards Update 2020-06                          
Debt Instrument [Line Items]                          
Debt instrument, unamortized discount       $ 1,000,000                  
Substantial premium       47,000,000                  
Retained earnings       $ 6,000,000                  
New 2.00% Convertible Notes | Convertible Debt                          
Debt Instrument [Line Items]                          
Stated interest rate       2.00%                  
New 2.00% Convertible Notes | Convertible Debt | Accounting Standards Update 2020-06                          
Debt Instrument [Line Items]                          
Equity component net of tax         56,000,000             56,000,000  
Debt instrument, unamortized discount         9,000,000             $ 9,000,000  
Substantial premium         $ 47,000,000                
New 2.0% Convertible Senior Notes due August 15, 2022 | Convertible Debt                          
Debt Instrument [Line Items]                          
Stated interest rate   2.00%                      
Payment for debt extinguishment   $ 630,000,000                      
Exchange and extinguishment of convertible notes, equity adjustment   $ 100,000,000