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Debt (Tables) | 9 Months Ended
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Dec. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Components of Debt | The following table summarizes components of our debt:
(In millions, except percentages) | December 30, 2022 |  | April 1, 2022 |  | Effective Interest Rate
3.95% Senior Notes due June 15, 2022 | $ | — |  |  | $ | 400 |  |  | 4.05 | %
New 2.00% Convertible Unsecured Notes due August 15, 2022 | — |  |  | 525 |  |  | 2.62 | %
5.00% Senior Notes due April 15, 2025 | 1,100 |  |  | 1,100 |  |  | 5.00 | %
Initial Term Loan due May 7, 2026 | — |  |  | 1,010 |  |  | LIBOR plus (2)
Delayed Term loan due May 7, 2026 | — |  |  | 703 |  |  | LIBOR plus (2)
Term A Facility due September 12, 2027 | 3,910 |  |  | — |  |  | SOFR + % (3)
6.75% Senior Notes due September 30, 2027 | 900 |  |  | — |  |  | 6.75 | %
Term B Facility due September 12, 2029 | 3,690 |  |  | — |  |  | SOFR + % (4)
1.29% Avira Mortgage due December 30, 2029 (1) | 4 |  |  | 5 |  |  | 1.29 | %
7.125% Senior Notes due September 30, 2030 | 600 |  |  | — |  |  | 7.13 | %
0.95% Avira Mortgage due December 30, 2030 (1) | 3 |  |  | 4 |  |  | 0.95 | %
Total principal amount | 10,207 |  |  | 3,747 |  |  |
Less: unamortized discount and issuance costs | (143) |  |  | (11) |  |  |
Total debt | 10,064 |  |  | 3,736 |  |  |
Less: current portion | (233) |  |  | (1,000) |  |  |
Total long-term debt | $ | 9,831 |  |  | $ | 2,736 |  |  |
(1) The Avira Mortgages are denominated in a foreign currency so the balances of these mortgages may fluctuate based on changes in foreign currency exchange rates. (2) The term loans bear interest at a rate equal to LIBOR plus a margin based either on the current debt rating of our non-credit-enhanced, senior unsecured long-term debt or consolidated adjusted leverage as defined in the underlying loan agreement. (3) Term A Facility due 2027 bears interest at a rate equal to Term SOFR plus a credit spread adjustment (CSA) plus a margin based either on the current debt rating of our non-credit-enhanced, senior unsecured long-term debt or consolidated adjusted leverage as defined in the underlying loan agreement. (4) Term B Facility due 2029 bears interest at a rate equal to Term SOFR plus CSA plus 2.00%. The interest rates for the outstanding term loans are as follows:
| December 30, 2022 |  | April 1, 2022
Term A Facility due September 12, 2027 | 5.80 | % |  | N/A
Term B Facility due September 12, 2029 | 6.15 | % |  | N/A
Initial Term Loan due May 7, 2026 | N/A |  | 1.75 | %
Delayed Term Loan due May 7, 2026 | N/A |  | 1.75 | %
Schedule of Maturities of Long-term Debt | As of December 30, 2022, the future contractual maturities of debt by fiscal year are as follows:
(In millions) |
Remainder of 2023 | $ | 58 |
2024 | 233 |
2025 | 234 |
2026 | 1,333 |
2027 | 233 |
Thereafter | 8,116 |
Total future maturities of debt | $ | 10,207 |

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