Current Assets and Current Liabilities (Tables)

12 Months Ended

Mar. 27, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Prepaid Expenses and Other Current Assets

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

	March 27, 2021		March 28, 2020
Prepaid taxes	$	133	$	116
Other accounts receivables	13		10
Interest receivable related to net investment hedges	12		1
Prepaid contracts	11		17
Other	36		23
	$	205	$	167

Accrued Expenses and Other Current Liabilities

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

	March 27, 2021		March 28, 2020
Other taxes payable	$	46	$	38
Return liabilities	46		37
Accrued rent (1)	20		10
Charitable donations (2)	20		—
Accrued capital expenditures	17		31
Professional services	13		10
Accrued litigation	12		10
Gift and retail store credits	12		11
Accrued advertising and marketing	11		9
Accrued interest	10		8
Restructuring liability	9		9
Accrued purchases and samples	8		3
Other	73		65
	$	297	$	241

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

(2)Relates to a $20 million unconditional pledge to The Capri Holdings Foundation for the Advancement of Diversity in Fashion.