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Stock-Based Compensation and Benefit Plans (Tables) | 12 Months Ended
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Mar. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Restricted Stock Units Activities | RSUs
(In millions, except per share and year data) | Number of Shares |  | Weighted- Average Grant Date Fair Value
Outstanding as of April 1, 2022 | 6 |  |  | $ | 21.80 |
Granted | 7 |  |  | $ | 22.38 |
Vested | (3) |  |  | $ | 21.12 |
Forfeited | (1) |  |  | $ | 22.38 |
Outstanding as of March 31, 2023 | 9 |  |  | $ | 22.45 |
Schedule of PRUs Activity | PRUs
(In millions, except per share and year data) | Number of Shares |  | Weighted- Average Grant Date Fair Value
Outstanding and unvested as of April 1, 2022 | 3 |  |  | $ | 28.50 |
Granted | 2 |  |  | $ | 27.07 |
Vested (1) | — |  |  | $ | 31.75 |
Forfeited | (1) |  |  | $ | 26.70 |
Unvested at March 31, 2023 | 4 |  |  | $ | 28.01 |
Vested and unreleased as of March 31, 2023 | 1 |  |  |
Outstanding as of March 31, 2023 | 5 |  |  |
(1) The number of shares is less than 1 million.
Schedule Of PRUs Valuation Assumptions | The valuation and the underlying weighted-average assumptions for PRUs are summarized below:
| Year Ended
| March 31, 2023 |  | April 1, 2022 |  | April 2, 2021
Expected term | 3.3 years |  | 3.9 years |  | 2.7 years
Expected volatility | 34.8 | % |  | 37.6 | % |  | 42.5 | %
Risk-free interest rate | 3.4 | % |  | 1.0 | % |  | 0.2 | %
Expected dividend yield | 1.3 | % |  | — | % |  | — | %
Weighted-average grant date fair value of PRUs | $ | 27.07 |  | $ | 28.68 |  | $ | 26.39
Schedule of Stock Option Activities | Stock options
(In millions, except per share and year data) | Number of Shares |  | Weighted-Average Exercise Price |  | Weighted- Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value
Outstanding as of April 1, 2022 (1) | — |  |  | $ | 5.51 |  |  |  |  |
Exercised (1) | — |  |  | $ | 4.43 |  |  |  |  |
Forfeited and expired (1) | — |  |  | $ | 2.58 |  |  |  |  |
Outstanding as of March 31, 2023 (1) | — |  |  | $ | 5.97 |  |  |  |  |
Exercisable as of March 31, 2023 (1) | — |  |  | $ | 5.97 |  |  | 3.84 |  | $ | 2 |
(1) The number of shares is less than 1 million.
Schedule of ESPP Activities | The following table summarizes activity related to the purchase rights issued under the ESPP:
| Year Ended
(In millions) | March 31, 2023 |  | April 1, 2022 |  | April 2, 2021
Shares issued under the ESPP | 1 |  |  | 1 |  |  | 1 |
Proceeds from issuance of shares | $ | 12 |  |  | $ | 13 |  |  | $ | 14 |
Schedule of Stock-based Compensation Expense | The following table summarizes the stock-based compensation expense recognized as a result of these modifications:
|  |  |  |  | Year Ended
(In millions) |  |  |  |  | April 2, 2021
Sales and marketing |  |  |  |  | $ | 2 |
Research and development |  |  |  |  | 9 |
General and administrative |  |  |  |  | 8 |
Restructuring and other costs |  |  |  |  | 10 |
Discontinued operations |  |  |  |  | 1 |
Total stock-based compensation |  |  |  |  | $ | 30 |
Total stock-based compensation expense and the related income tax benefit recognized for all of our equity incentive plans in our Consolidated Statements of Operations were as follows:
| Year Ended
(In millions) | March 31, 2023 |  | April 1, 2022 |  | April 2, 2021
Cost of revenues | $ | 3 |  |  | $ | 2 |  |  | $ | 1 |
Sales and marketing | 34 |  |  | 19 |  |  | 18 |
Research and development | 31 |  |  | 19 |  |  | 26 |
General and administrative | 55 |  |  | 30 |  |  | 26 |
Restructuring and other costs | 11 |  |  | — |  |  | 10 |
Other income (expense), net | — |  |  | — |  |  | (1) |
Total stock-based compensation from continuing operations | 134 |  |  | 70 |  |  | 80 |
Discontinued operations | — |  |  | — |  |  | 1 |
Total stock-based compensation expense | $ | 134 |  |  | $ | 70 |  |  | $ | 81 |
Income tax benefit for stock-based compensation expense | $ | (20) |  |  | $ | (11) |  |  | $ | (18) |
Schedule of Employer 401K Contributions | Our employer matching contributions to the 401(k) plan were as follows, including contributions to employees of our discontinued operations:
| Year Ended
(In millions) | March 31, 2023 |  | April 1, 2022 |  | April 2, 2021
401(k) matching contributions | $ | 4 |  |  | $ | 3 |  |  | $ | 3 |

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