Current Assets and Current Liabilities (Tables)

6 Months Ended

Sep. 28, 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):

	September 28, 2024		March 30, 2024
Prepaid taxes	$	87	$	88
Interest receivable related to hedges	39		42
Prepaid contracts	19		21
Restricted cash	9		6
Other accounts receivables	6		8
Other	43		50
Total prepaid expenses and other current assets	$	203	$	215

Schedule of Accrued Expenses and Other Current Liabilities

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

	September 28, 2024		March 30, 2024
Other taxes payable	$	41	$	29
Return liabilities	37		48
Accrued advertising and marketing	37		29
Professional services	34		18
Accrued purchases and samples	25		16
Accrued rent (1)	18		17
Accrued capital expenditures	16		35
Accrued E-commerce	16		12
Gift cards and retail store credits	14		15
Accrued interest	12		17
Accrued retail store expense	6		8
Advance royalties	6		4
Restructuring liability	4		22
Accrued litigation	4		4
Other	55		36
Total accrued expenses and other current liabilities	$	325	$	310

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