RESTRUCTURING CHARGES

6 Months Ended

Sep. 29, 2023

RESTRUCTURING CHARGESDuring the three and six-month periods ended September 29, 2023, the Company recognized approximately $3 million and $26 million of restructuring charges, most of which related to employee severance.

The following table summarizes the provisions, respective payments, and remaining accrued balance as of September 29, 2023 for charges incurred during the six-month period ended September 29, 2023:


	Severance		Long-Lived Asset Impairment		Other Exit Costs		Total
	(In millions)
Balance as of March 31, 2023	$	44	$	—	$	6	$	50
Provision for charges incurred during the six-month period ended September 29, 2023	22		3		1		26
Cash payments during the six-month period ended September 29, 2023	(41)		—		—		(41)
Non-cash reductions during the six-month period ended September 29, 2023	—		(3)		(1)		(4)

Balance as of September 29, 2023	25		—		6		31
Less: Current portion (classified as other current liabilities)	25		—		6		31
Accrued restructuring costs, net of current portion (classified as other liabilities)	$	—	$	—	$	—	$	—