Leases

3 Months Ended

Jun. 30, 2023

Leases [Abstract]

Leases

Leases

We lease certain of our facilities, equipment and data center co-locations under operating leases that expire on various dates through fiscal 2029. Our leases generally have terms that range from 1 year to 8 years for our facilities, 1 year to 3 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
(In millions)	June 30, 2023		July 1, 2022
Operating lease costs	$	4	$	4
Short-term lease costs	—		1
Variable lease costs	1		1
Total lease costs	$	5	$	6

Other information related to our operating leases was as follows:

	Three Months Ended
	June 30, 2023		July 1, 2022
Weighted-average remaining lease term	3.0 years		4.6 years
Weighted-average discount rate	4.49	%	4.05	%

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

As of June 30, 2023, the maturities of our lease liabilities by fiscal year are as follows:

(In millions)
Remainder of 2024	$	20
2025	16
2026	8
2027	7
2028	2
Thereafter	1
Total lease payments	54
Less: Imputed interest	(3)
Present value of lease liabilities	$	51