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Stock-Based Compensation
 6 Months Ended
Sep. 27, 2024
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Avast equity awards
In connection with our acquisition of Avast, we assumed the outstanding equity awards under two of Avast’s equity incentive plans (the Avast Holding B.V. 2014 Share Option Plan and the Rules of the Avast plc Long Term Incentive Plan (collectively, the Avast Plans)), which consisted of 4 million unvested RSUs. The assumed RSUs generally retain the terms and conditions under which they were originally granted. We intend to grant all additional shares that remain available for issuance under the Avast Plans. Upon vesting, these assumed RSUs and any additional shares granted will settle into shares of our common stock.
The following table sets forth the stock-based compensation expense recognized for our equity incentive plans:
 
Three Months EndedSix Months Ended
(In millions)
September 27, 2024September 29, 2023September 27, 2024September 29, 2023
Cost of revenues$1 $1 $2 $2 
Sales and marketing9 10 18 19 
Research and development9 10 18 21 
General and administrative14 13 26 29 
Restructuring and other costs— 1 — 1 
Total stock-based compensation expense$33 $35 $64 $72 
Income tax benefit for stock-based compensation expense
$(4)$(4)$(8)$(9)
As of September 27, 2024, the total unrecognized stock-based compensation expense related to our unvested stock-based awards was $238 million, which will be recognized over an estimated weighted-average amortization period of 2.0 years.
The following table summarizes additional information related to our stock-based awards:
 Six Months Ended
(In millions, except per grant data) September 27, 2024September 29, 2023
Restricted stock units (RSUs):
Weighted-average fair value per award granted
$23.56 $17.33 
Awards granted5 5 
Total fair value of awards released$73 $55 
Outstanding and unvested9 10 
Performance-based restricted stock units (PRUs):
Weighted-average fair value per award granted$32.44 $22.79 
Awards granted1 2 
Total fair value of awards released$24 $19 
Outstanding and unvested at target payout5 5 
Dividend equivalent rights (DERs)
Our RSUs and PRUs, except for the 4 million assumed RSUs under the Avast Plans, contain DERs that entitle the recipient of an award to receive cash dividend payments when the associated award is released. The amount of DERs equals to the cumulated dividends on the issued number of common stock that would have been payable since the date the associated award was granted. As of September 27, 2024 and March 29, 2024, current dividends payable related to DER was $4 million recorded as part of Other current liabilities in the Condensed Consolidated Balance Sheets, and long-term dividends payable related to DER was $3 million and $4 million, respectively, recorded as part of Other long-term liabilities in the Condensed Consolidated Balance Sheets.