Current Assets and Current Liabilities (Tables)

3 Months Ended

Jun. 29, 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):

	June 29, 2024		March 30, 2024
Prepaid taxes	$	98	$	88
Prepaid contracts	18		21
Interest receivable related to hedges	17		42
Other accounts receivables	8		8
Other	56		56
Total prepaid expenses and other current assets	$	197	$	215

Schedule of Accrued Expenses and Other Current Liabilities

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

	June 29, 2024		March 30, 2024
Return liabilities	$	46	$	48
Other taxes payable	34		29
Accrued advertising and marketing	26		29
Accrued capital expenditures	20		35
Accrued E-commerce	20		12
Professional services	19		18
Accrued interest	18		17
Accrued rent (1)	16		17
Gift cards and retail store credits	14		15
Accrued purchases and samples	13		16
Restructuring liability	9		22
Advance royalties	8		4
Accrued litigation	3		4
Other	50		44
Total accrued expenses and other current liabilities	$	296	$	310

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