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Debt (Tables)

9 Months Ended

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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