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Leases | 3 Months Ended
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Jun. 28, 2024
Leases [Abstract] |
Leases | Leases We lease certain facilities, equipment and data center co-locations under operating leases that expire on various dates through fiscal 2030. Our leases generally have terms that range from 1 year to 8 years for our facilities, 1 year to 4 years for equipment and 1 year to 5 years for data center co-locations. Some of our leases contain renewal options, escalation clauses, rent concessions and leasehold improvement incentives. The following summarizes our lease costs:
| Three Months Ended |  |
(In millions) | June 28, 2024 |  | June 30, 2023 |  |  |  |
Operating lease costs | $ | 3 |  |  | $ | 4 |  |  |  |  |
Short-term lease costs | 1 |  |  | — |  |  |  |  |
Variable lease costs | — |  |  | 1 |  |  |  |  |
Total lease costs | $ | 4 |  |  | $ | 5 |  |  |  |  |
Other information related to our operating leases was as follows:
| June 28, 2024 |  | March 29, 2024
Weighted-average remaining lease term | 4.6 years |  | 4.6 years
Weighted-average discount rate | 5.80 | % |  | 5.35 | %
See Note 6 for cash flow information related to our operating leases. As of June 28, 2024, the maturities of our lease liabilities by fiscal year are as follows:
(In millions) |
Remainder of 2025 | $ | 11 |
2026 | 14 |
2027 | 14 |
2028 | 9 |
2029 | 8 |
Thereafter | 5 |
Total lease payments | 61 |
Less: Imputed interest | (7) |
Present value of lease liabilities | $ | 54 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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