Fair Value Measurements (Tables)

3 Months Ended

Jun. 29, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value and Carrying Value of Assets

All contracts are measured and recorded at fair value on a recurring basis and are categorized in Level 2 of the fair value hierarchy, as shown in the following table (in millions):

	Fair value at June 29, 2024 using:						Fair value at March 30, 2024 using:
	Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Derivative assets:
Net investment hedges	$	—	$	23	$	—	$	—	$	12	$	—
Total derivative assets	$	—	$	23	$	—	$	—	$	12	$	—
Derivative liabilities:
Net investment hedges	$	—	$	125	$	—	$	—	$	88	$	—
Total derivative liabilities	$	—	$	125	$	—	$	—	$	88	$	—

Schedule of Fair Value Measurement of Long-term Debt

The following table summarizes the carrying values and estimated fair values of the Company’s debt, based on Level 2 measurements (in millions):

	June 29, 2024				March 30, 2024
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Revolving Credit Facilities	$	754	$	754	$	764	$	764
Versace Term Loan	$	481	$	483	$	485	$	487
Senior Notes due 2024	$	450	$	446	$	450	$	441