Current Assets and Current Liabilities (Tables)

12 Months Ended

Mar. 30, 2024

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):

	March 30, 2024		April 1, 2023
Prepaid taxes	$	88	$	105
Interest receivable related to hedges	42		10
Prepaid contracts	21		22
Other accounts receivables	8		10
Other	56		48
Total prepaid expenses and other current assets	$	215	$	195

Schedule of Accrued Expenses and Other Current Liabilities

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

	March 30, 2024		April 1, 2023
Return liabilities	$	48	$	54
Accrued capital expenditures	35		33
Other taxes payable	29		32
Accrued advertising and marketing	29		26
Restructuring liability	22		1
Professional services	18		14
Accrued rent (1)	17		18
Accrued interest	17		16
Accrued purchases and samples	16		8
Gift and retail store credits	15		14
Advance royalties	4		18
Accrued litigation	4		12
Other	56		68
Total accrued expenses and other current liabilities	$	310	$	314

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