XML 62 R44.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Stock-Based Compensation and Benefit Plans (Tables)
12 Months Ended
Mar. 29, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activities
RSUs
(In millions, except per share and year data)
Number of
Share
Weighted-
Average
Grant Date Fair Value
Outstanding as of March 31, 2023$22.45 
Granted$17.42 
Vested(5)$22.30 
Forfeited(1)$20.84 
Outstanding as of March 29, 2024$19.39 
Schedule of PRUs Activity
PRUs
(In millions, except per share and year data)Number of
Shares
Weighted-
Average
Grant Date Fair Value
Outstanding and unvested as of March 31, 2023$27.93 
Granted$22.83 
Vested
(2)$28.24 
Forfeited (1)
— $28.49 
Outstanding and unvested as of March 29, 2024$26.02 
(1)    The number of shares is less than 1 million.
Schedule Of PRUs Valuation Assumptions The valuation and the underlying weighted-average assumptions for PRUs are summarized below:
 Year Ended
March 29, 2024March 31, 2023April 1, 2022
Expected term2.9 years3.3 years3.9 years
Expected volatility31.5 %34.8 %37.6 %
Risk-free interest rate3.5 %3.4 %1.0 %
Expected dividend yield— %1.3 %— %
Weighted-average grant date fair value of PRUs$22.83$27.07$28.68
Schedule of ESPP Activities
The following table summarizes activity related to the purchase rights issued under the ESPP:
 Year Ended
(In millions)March 29, 2024March 31, 2023April 1, 2022
Shares issued under the ESPP
Proceeds from issuance of shares$12 $12 $13 
Schedule of Stock-based Compensation Expense
Total stock-based compensation expense and the related income tax benefit recognized for all of our equity incentive plans in our Consolidated Statements of Operations were as follows:
 Year Ended
(In millions)March 29, 2024March 31, 2023April 1, 2022
Cost of revenues$$$
Sales and marketing36 34 19 
Research and development39 31 19 
General and administrative58 55 30 
Restructuring and other costs11 — 
Total stock-based compensation expense$138 $134 $70 
Income tax benefit for stock-based compensation expense$(16)$(20)$(11)
Schedule of Employer 401K Contributions Our employer matching contributions to the 401(k) plan were as follows:
 Year Ended
(In millions)March 29, 2024March 31, 2023April 1, 2022
401(k) matching contributions$$$