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Derivatives (Tables) | 6 Months Ended
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Sep. 27, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | The following table summarizes our outstanding derivative instruments as of September 27, 2024 and March 29, 2024:
| Notional Amount |  | Fair Value of Derivative Assets |  | Fair Value of Derivative Liabilities
(In millions) | September 27, 2024 |  | March 29, 2024 |  | September 27, 2024 |  | March 29, 2024 |  | September 27, 2024 |  | March 29, 2024
Foreign exchange contracts not designated as hedging instrument (1) | $ | 324 |  |  | $ | 345 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest rate swap contracts designated as cash flow hedge | 1,000 |  |  | 1,000 |  |  | — |  |  | 16 |  |  | 3 |  |  | — |
Total | $ | 1,324 |  |  | $ | 1,345 |  |  | $ | — |  |  | $ | 16 |  |  | $ | 3 |  |  | $ | — |
(1) The fair values of the foreign exchange contracts are less than $1 million as of September 27, 2024 and March 29, 2024.
Schedule of Effect of Cash Flow Hedges on AOCI | The following table summarizes the effect of our cash flow hedges on AOCI during the periods indicated:
| Three Months Ended |  | Six Months Ended
(In millions) | September 27, 2024 |  | September 29, 2023 |  | September 27, 2024 |  | September 29, 2023
Interest rate swap contracts designated as cash flow hedge | $ | 15 |  |  | $ | (10) |  |  | $ | 11 |  |  | $ | (32) |
Schedule of Derivative Instruments, Gain (Loss) | The related gain (loss) recognized in our Condensed Consolidated Statements of Operations was as follows:
| Three Months Ended |  | Six Months Ended |  | Condensed Consolidated Statements of Operations Classification
(In millions) | September 27, 2024 |  | September 29, 2023 |  | September 27, 2024 |  | September 29, 2023 |
Foreign exchange contracts not designated as hedging instrument | $ | 5 |  |  | $ | (6) |  |  | $ | 2 |  |  | $ | (9) |  |  | Other income (expense), net
Interest rate swap contracts designated as cash flow hedge | 4 |  |  | 4 |  |  | 8 |  |  | 7 |  |  | Interest expense
Total | $ | 9 |  |  | $ | (2) |  |  | $ | 10 |  |  | $ | (2) |  |  |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
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