v3.26.1
Leases
 12 Months Ended
Mar. 28, 2026
Leases [Abstract]  
Leases Leases
The following table presents supplemental balance sheet information related to leases (in millions):
Balance Sheet LocationMarch 28,
2026		March 29,
2025
Assets
Operating leasesOperating lease right-of-use assets$854 $825 
Liabilities
Current:
Operating leasesShort-term portion of operating lease liabilities$233 $249 
Non-current:
Operating leasesLong-term portion of operating lease liabilities$830 $814 
The components of lease costs, net, for the fiscal year ended March 28, 2026 and March 29, 2025 were as follows (in millions):
Consolidated Statement of Operations and
Comprehensive Income (Loss) Location		March 28,
2026		March 29,
2025
Operating lease costSelling, general and administrative expenses$278 $273 
Variable lease cost
Selling, general and administrative expenses120 148 
Short-term lease costSelling, general and administrative expenses1 2 
Sublease incomeSelling, general and administrative expenses(6)(8)
Total lease cost, net$393 $415 
The following table presents the Company’s supplemental cash flow information related to leases (in millions):
March 28,
2026		March 29,
2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases$354 $349 
Non-cash transactions:
Lease assets obtained in exchange for new lease liabilities$310 $159 
The following tables summarizes the weighted average remaining lease term and weighted average discount rate related to the Company’s operating lease right-of-use assets and lease liabilities recorded on the balance sheets as of March 28, 2026 and March 29, 2025:
March 28,
2026		March 29,
2025
Operating leases:
Weighted average remaining lease term (years)6.16.3
Weighted average discount rate5.3 %5.1 %
At March 28, 2026, the future minimum lease payments under the terms of these noncancelable operating lease agreements are as follows (in millions):
March 28,
2026
Fiscal 2027$287 
Fiscal 2028236 
Fiscal 2029191 
Fiscal 2030138 
Fiscal 203197 
Thereafter318 
Total lease payments1,267 
Less: interest(204)
Total lease liabilities$1,063 
At March 28, 2026, the future minimum sublease income under the terms of these noncancelable operating lease agreements are as follows (in millions):
March 28,
2026
Fiscal 2027$8 
Fiscal 20286 
Fiscal 20293 
Fiscal 20303 
Fiscal 20312 
Thereafter— 
Total sublease income$22 
Additionally, the Company had approximately $27 million and $16 million of future payment obligations related to executed lease agreements for which the related lease has not yet commenced as of March 28, 2026 and March 29, 2025, respectively.
Refer to Note 3 - “Summary of Significant Accounting Policies” for additional information on the Company’s accounting policies related to leases.