Current Assets and Current Liabilities (Tables)

9 Months Ended

Dec. 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):

	December 28, 2024		March 30, 2024
Prepaid taxes	$	129	$	88
Prepaid contracts	17		21
Interest receivable related to hedges	15		42
Restricted cash	9		6
Other accounts receivables	6		8
Other	36		50
Total prepaid expenses and other current assets	$	212	$	215

Schedule of Accrued Expenses and Other Current Liabilities

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

	December 28, 2024		March 30, 2024
Return liabilities	$	54	$	48
Other taxes payable	52		29
Professional services	40		18
Accrued advertising and marketing	39		29
Accrued E-commerce	31		12
Accrued purchases and samples	18		16
Accrued rent (1)	17		17
Gift cards and retail store credits	15		15
Accrued interest	15		17
Accrued capital expenditures	11		35
Short-term derivative liability	9		3
Accrued retail store expense	6		8
Advance royalties	6		4
Restructuring liability	5		22
Accrued litigation	5		4
Other	36		33
Total accrued expenses and other current liabilities	$	359	$	310

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