Current Assets and Current Liabilities (Tables)

9 Months Ended

Dec. 26, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following (in millions):

	December 26, 2020		March 28, 2020
Prepaid taxes	$	49	$	116
Other accounts receivables	12		10
Prepaid contracts	11		17
Prepaid insurance	5		2
Interest receivable related to net investment hedges	5		1
Other	24		21
	$	106	$	167

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following (in millions):

	December 26, 2020		March 28, 2020
Other taxes payable	$	66	$	38
Return liabilities	55		37
Accrued rent (1)	19		10
Accrued capital expenditures	18		31
Accrued litigation	13		10
Gift cards and retail store credits	13		11
Professional services	13		10
Accrued advertising and marketing	9		9
Restructuring liability	7		9
Derivative liability	7		—
Other	89		76
	$	309	$	241

(1)The accrued rent balance relates to variable lease payments.