Current Assets and Current Liabilities (Tables)

9 Months Ended

Dec. 30, 2023

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 30, 2023		April 1, 2023
Prepaid taxes	$	197	$	105
Prepaid contracts	24		22
Interest receivable related to hedges	23		10
Other accounts receivables	9		10
Prepaid insurance	4		2
Other	53		46
Total prepaid expenses and other current assets	$	310	$	195

Schedule of Accrued Expenses and Other Current Liabilities

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

	December 30, 2023		April 1, 2023
Return liabilities	$	65	$	54
Other taxes payable	52		32
Accrued advertising and marketing	42		26
Accrued capital expenditures	25		33
Accrued rent (1)	22		18
Professional services	20		14
Accrued interest	18		16
Gift cards and retail store credits	15		14
Accrued litigation	11		12
Accrued retail store expense	11		9
Accrued purchases and samples	9		8
Advance royalties	5		18
Other	102		60
Total accrued expenses and other current liabilities	$	397	$	314

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