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Leases

6 Months Ended

Oct. 03, 2025

We lease certain facilities, equipment and data center co-locations under operating leases that expire on various dates through fiscal 2033. Our leases generally have terms that range from 1 year to 9 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				Six Months Ended
(In millions)	October 3, 2025		September 27, 2024		October 3, 2025		September 27, 2024
Operating lease costs	$	4	$	4	$	9	$	7
Short-term lease costs	—		—		1		1
Variable lease costs	1		2		2		2
Total lease costs	$	5	$	6	$	12	$	10

Other information related to our operating leases was as follows:


	October 3, 2025		March 28, 2025
Weighted-average remaining lease term	4.4 years		4.7 years
Weighted-average discount rate	6.12	%	5.71	%

See Note 7 for cash flow information related to our operating leases.

As of October 3, 2025, the maturities of our lease liabilities by fiscal year are as follows:


(In millions)
Remainder of 2026	$	9
2027	22
2028	16
2029	13
2030	11
Thereafter	9
Total lease payments	80
Less: Imputed interest	(10)
Present value of lease liabilities	$	70