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Debt (Tables) | 9 Months Ended
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Dec. 27, 2024
Debt Disclosure [Abstract] |
Schedule of Components of Debt | The following table summarizes components of our debt:
(In millions, except percentages) | December 27, 2024 |  | March 29, 2024 |  | Effective Interest Rate
5.00% Senior Notes due April 15, 2025 | $ | 1,100 |  |  | $ | 1,100 |  |  | 5.00 | %
Term A Facility due September 12, 2027 | 3,568 |  |  | 3,666 |  |  | SOFR + % (2)
6.75% Senior Notes due September 30, 2027 | 900 |  |  | 900 |  |  | 6.75 | %
Term B Facility due September 12, 2029 | 2,395 |  |  | 2,444 |  |  | SOFR + % (3)
1.29% Avira Mortgage due December 30, 2029 (1) | 3 |  |  | 3 |  |  | 1.29 | %
7.125% Senior Notes due September 30, 2030 | 600 |  |  | 600 |  |  | 7.13 | %
0.95% Avira Mortgage due December 30, 2030 (1) | 3 |  |  | 3 |  |  | 0.95 | %
Total principal amount | 8,569 |  |  | 8,716 |  |  |
Less: unamortized discount and issuance costs | (93) |  |  | (112) |  |  |
Total debt | 8,476 |  |  | 8,604 |  |  |
Less: current portion | (1,396) |  |  | (175) |  |  |
Total long-term debt | $ | 7,080 |  |  | $ | 8,429 |  |  |
(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) 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. (3) Term B Facility due 2029 bears interest at a rate equal to Term SOFR plus 1.75%. The interest rates for the outstanding term loans are as follows:
| December 27, 2024 |  | March 29, 2024
Term A Facility due September 12, 2027 | 6.17 | % |  | 7.18 | %
Term B Facility due September 12, 2029 | 6.32 | % |  | 7.43 | %
Schedule of Maturities of Long-term Debt | As of December 27, 2024, the future contractual maturities of debt by fiscal year are as follows:
(In millions) |
Remainder of 2025 | $ | 64 |
2026 | 1,391 |
2027 | 232 |
2028 | 4,016 |
2029 | 37 |
Thereafter | 2,829 |
Total future maturities of debt | $ | 8,569 |

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