Goodwill and Intangible Assets

6 Months Ended

Oct. 03, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Subsequent to the completion of our acquisition of MoneyLion on April 17, 2025, our portfolio now spans two reportable segments, Cyber Safety Platform and Trust-Based Solutions. See Note 17 for additional information on our reportable segments and Note 4 for additional information on our acquisition of MoneyLion.

We perform an impairment assessment of goodwill at the reporting unit level at least annually in the fourth quarter of each fiscal year, or more frequently if events or changes in circumstances indicate that the asset may be impaired. As a result of the change in reportable segments, our reporting units also changed. We used the relative fair value method to allocate goodwill to the associated reporting units. In connection with the preparation of our Condensed Consolidated Financial Statements for the fiscal quarter ended July 4, 2025, we tested goodwill for impairment immediately before and after the change. As a result of these analyses, we determined that goodwill was not impaired before or after the change.

To determine the fair value of a reporting unit, we utilized a combination of the income and market approaches, applying equal weighting to both. The income approach is estimated through discounted cash flow analysis, which requires us to use significant estimates and assumptions, including long-term growth rates, discount rates, and other inputs. The market approach estimates the fair value of the reporting unit by utilizing the market comparable method, which is based on various market-based valuation multiples.

The changes in the carrying amount of goodwill allocated to our reportable segments are as follows:


(In millions)	Cyber Safety Platform		Trust-Based Solutions		Total
Balance as of March 28, 2025	$	7,371	$	2,866	$	10,237
Acquisitions	—		559		559

Translation adjustments	24		9		33
Balance as of October 3, 2025	$	7,395	$	3,434	$	10,829

Intangible assets, net

The following table summarizes the components of our intangible assets, net:


	October 3, 2025						March 28, 2025
(In millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	1,259	$	(539)	$	720	$	1,159	$	(442)	$	717
Developed technology	1,496		(724)		772		1,332		(595)		737
Other	182		(36)		146		98		(24)		74
Total finite-lived intangible assets	2,937		(1,299)		1,638		2,589		(1,061)		1,528
Indefinite-lived trade names	739		—		739		739		—		739
Total intangible assets	$	3,676	$	(1,299)	$	2,377	$	3,328	$	(1,061)	$	2,267

Amortization expense for purchased intangible assets is summarized below:


	Three Months Ended				Six Months Ended				Condensed Consolidated Statements of Operations Classification
(In millions)	October 3, 2025		September 27, 2024		October 3, 2025		September 27, 2024
Customer relationships and other	$	55	$	44	$	109	$	87	Operating expenses
Developed technology	66		58		131		115		Cost of revenues
Total	$	121	$	102	$	240	$	202

As of October 3, 2025, future amortization expense related to intangible assets that have finite lives is as follows by fiscal year:


(In millions)
Remainder of 2026	$	241
2027	474
2028	469
2029	290
2030	113
Thereafter	51
Total	$	1,638