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Derivative Financial Instruments (Tables)
9 Months Ended
Dec. 27, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Contracts Recorded on Gross Basis in Consolidated Balance Sheets
The following table details the fair value of the Company’s derivative contracts, which are recorded on a gross basis in the consolidated balance sheets as of December 27, 2025 and March 29, 2025 (in millions):
Fair Value
 Notional AmountsAssetsLiabilities
 December 27,
2025
March 29,
2025
December 27,
2025
March 29,
2025
December 27,
2025
March 29,
2025
Designated forward foreign currency exchange contracts$85 $50 $— $— $
(2)
$
(2)
Designated net investment hedges5,864 5,864 — — 891 
(3)
289 
(3)
Total$5,949 $5,914 $— $— $892 $291 
Undesignated forward foreign currency exchange contracts378 — 
(1)
— — — 
Total$6,327 $5,914 $$— $892 $291 
(1)Recorded within prepaid expenses and other current assets in the Company’s consolidated balance sheets.
(2)Recorded within accrued expenses and other current liabilities on the Company’s consolidated balance sheets.
(3)As of December 27, 2025, the Company recorded $891 million within other long-term liabilities on the Company’s consolidated balance sheets. As of March 29, 2025, the Company recorded $12 million within accrued expenses and other current liabilities and $277 million within other long-term liabilities on the Company’s consolidated balance sheets.
Schedule of Derivative Instruments on The Balance Sheets, Net Basis However, if the Company were to offset and record the asset and liability balances for its derivative instruments on a net basis in accordance with the terms of its master netting arrangements, which provide for the right to set-off amounts for similar transactions denominated in the same currencies and with the same banks, the resulting impact as of December 27, 2025 and March 29, 2025 would be as follows (in millions):
Forward Currency
Exchange Contracts
Net Investment Hedges
December 27,
2025
March 29,
2025
December 27,
2025
March 29,
2025
Assets subject to master netting arrangements$$— $— $— 
Liabilities subject to master netting arrangements$$$891 $289 
Derivative assets, net$$— $— $— 
Derivative liabilities, net$$$891 $289 
Schedule of Pre-tax Impact of Gains and Losses on Derivative
The following tables summarize the losses recognized within the consolidated statements of operations and comprehensive income related to the Company’s hedge contracts for the three and nine months ended December 27, 2025 and December 28, 2024 (in millions):
Three Months Ended
Nine Months Ended
December 27, 2025December 28, 2024December 27, 2025December 28, 2024Location of Loss Recognized
Designated forward foreign currency exchange contracts$$— $$— Cost of goods sold
Designated interest rate swaps$$— $12 $— Interest income, net
The following table summarizes the pre-tax impact of the gains and losses recorded to other comprehensive income (“OCI”) related to the Company’s designated hedges (in millions):
Three Months Ended
Nine Months Ended
December 27, 2025December 28, 2024December 27, 2025December 28, 2024
Pre-Tax Gains
Recognized in OCI
Pre-Tax Gains
Recognized in OCI
Pre-Tax Losses
Recognized in OCI
Pre-Tax Losses
Recognized in OCI
Designated forward foreign currency exchange contracts$$— $(3)$— 
Designated net investment hedges$18 $240 $(602)$(26)
Designated interest rate swaps$— $$— $(14)