v3.25.4

Goodwill and Intangible Assets | 9 Months Ended
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Jan. 02, 2026
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets 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 | — |  |  | 567 |  |  | 567 |
Translation adjustments | 31 |  |  | 12 |  |  | 43 |
Balance as of January 2, 2026 | $ | 7,402 |  |  | $ | 3,445 |  |  | $ | 10,847 |
Intangible assets, net The following table summarizes the components of our intangible assets, net:
| January 2, 2026 |  | March 28, 2025
(In millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships | $ | 1,222 |  |  | $ | (572) |  |  | $ | 650 |  |  | $ | 1,159 |  |  | $ | (442) |  |  | $ | 717 |
Developed technology | 1,451 |  |  | (766) |  |  | 685 |  |  | 1,332 |  |  | (595) |  |  | 737 |
Other | 180 |  |  | (42) |  |  | 138 |  |  | 98 |  |  | (24) |  |  | 74 |
Total finite-lived intangible assets | 2,853 |  |  | (1,380) |  |  | 1,473 |  |  | 2,589 |  |  | (1,061) |  |  | 1,528 |
Indefinite-lived trade names | 739 |  |  | — |  |  | 739 |  |  | 739 |  |  | — |  |  | 739 |
Total intangible assets | $ | 3,592 |  |  | $ | (1,380) |  |  | $ | 2,212 |  |  | $ | 3,328 |  |  | $ | (1,061) |  |  | $ | 2,267 |
Amortization expense for purchased intangible assets is summarized below:
| Three Months Ended |  | Nine Months Ended |  | Condensed Consolidated Statements of Operations Classification
(In millions) | January 2, 2026 |  | December 27, 2024 |  | January 2, 2026 |  | December 27, 2024 |
Customer relationships and other | $ | 55 |  |  | $ | 43 |  |  | $ | 164 |  |  | $ | 130 |  |  | Operating expenses
Developed technology | 67 |  |  | 56 |  |  | 198 |  |  | 171 |  |  | Cost of revenues
Total | $ | 122 |  |  | $ | 99 |  |  | $ | 362 |  |  | $ | 301 |  |  |
As of January 2, 2026, future amortization expense related to intangible assets that have finite lives is as follows by fiscal year:
(In millions) |
Remainder of 2026 | $ | 115 |
2027 | 460 |
2028 | 456 |
2029 | 281 |
2030 | 110 |
Thereafter | 51 |
Total | $ | 1,473 |
Asset purchase agreement In October 2025, we entered into a purchase agreement to sell certain developed technology and assets for $40 million plus the assumption of liabilities related to our digital identity offering to a third-party, who previously licensed the use of the intellectual property from us. We completed the transaction in November 2025. Pursuant to the sale, we derecognized developed technology and other assets, net of associated liabilities, with an aggregate carrying value of approximately $22 million. We accounted for the transaction as a sale of nonfinancial assets under ASC Topic 610-20, Gains and Losses from the Derecognition of Nonfinancial assets. We recognized a gain on sale of nonfinancial assets of approximately $15 million during the three and nine months ended January 2, 2026, which is included as part of Other income (expense), net in our Condensed Consolidated Statement of Operations.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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