Restructuring and Other Costs

12 Months Ended

Apr. 03, 2026

Restructuring and Related Activities [Abstract]

Our restructuring and other costs consist primarily of severance and termination benefits, contract cancellation charges, asset write-offs and impairments and other exit and disposal costs. Severance costs generally include severance payments, outplacement services, health insurance coverage and legal costs. Contract cancellation charges primarily include penalties for early termination of contracts and write-offs of related prepaid assets. Other exit and disposal costs include costs to exit and consolidate facilities in connection with restructuring events.

September 2022 Plan

In connection with our acquisition of Avast, our Board of Directors approved a restructuring plan (the September 2022 Plan) to realize cost savings and operational synergies, which became effective upon the close of acquisition on September 12, 2022. Actions under this plan include the reduction of our workforce, contract terminations, facilities closures, the sale of underutilized facilities and stock-based compensation charges for accelerated equity awards to certain terminated employees. As of April 3, 2026, we have incurred cumulative costs of $138 million related to the September 2022 Plan. The majority of actions under the plan were completed by March 28, 2025. Accordingly, the remaining activity and related accrual balance are not material, and only immaterial additional expenses were incurred during fiscal 2026.

April 2025 Plan

In connection with our acquisition of MoneyLion, our Board of Directors approved a restructuring plan (the April 2025 Plan). Actions under this plan include the reduction of our workforce, contract terminations, facilities consolidation, asset write-offs and other restructuring costs. The total estimated cost of the plan is approximately $30 million, of which $29 million has been incurred to date under the April 2025 Plan. As of April 3, 2026, we had a restructuring liability of $10 million related to the April 2025 Plan.

Restructuring summary

Rollforwards of our activities and liability balances related to our April 2025 Plan are presented in the tables below:


(In millions)	Liability Balance as of March 28, 2025		Net Charges		Cash Payments		Non-Cash Items		Liability Balance as of April 3, 2026
Severance and termination benefit costs	$	—	$	25	$	(15)	$	—	$	10
Contract cancellation charges	—		1		(1)		—		—
Stock-based compensation charges	—		2		—		(2)		—

Other exit and disposal costs	—		1		(1)		—		—
Total	$	—	$	29	$	(17)	$	(2)	$	10

The restructuring liabilities are included in Other current liabilities in our Consolidated Balance Sheets.

Restructuring and other costs summary

Our restructuring and other costs are presented in the table below:


	Year Ended
(In millions)	April 3, 2026		March 28, 2025		March 29, 2024
Severance and termination benefit costs	$	29	$	2	$	42
Contract cancellation charges	1		—		5
Stock-based compensation charges	2		—		1
Asset write-offs and impairments	—		—		1
Other exit and disposal costs	3		5		8


Total restructuring and other	$	35	$	7	$	57

Our restructuring and other costs related to the September 2022 Plan are presented in the table below:


	Year Ended
(In millions)	April 3, 2026		March 28, 2025		March 29, 2024
Severance and termination benefit costs	$	4	$	2	$	42
Contract cancellation charges	—		—		5
Stock-based compensation charges	—		—		1
Asset write-offs	—		—		1
Other exit and disposal costs	2		5		8


Total restructuring and other	$	6	$	7	$	57

Our restructuring and other costs related to the April 2025 Plan are presented in the table below:


	Year Ended
(In millions)	April 3, 2026
Severance and termination benefit costs	$	25
Contract cancellation charges	1
Stock-based compensation charges	2

Other exit and disposal costs	1


Total restructuring and other costs	$	29

Occasionally, we incur costs related to past restructuring plans. These charges were immaterial during fiscal 2026.

Gen Digital Inc. 10-K