v3.26.1
Other Current Assets and Other Current Liabilities
 12 Months Ended
Mar. 28, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Other Current Assets and Other Current Liabilities Other Current Assets and Other Current Liabilities
Prepaid expenses and other current assets consist of the following (in millions):
March 28,
2026		March 29,
2025
Prepaid taxes$88 $65 
U.S. import tariff receivables65 — 
Interest receivable related to hedges20 36 
Prepaid contracts18 20 
Restricted cash10 9 
Other accounts receivables4 8 
Other prepaid expenses and current assets21 18 
Total prepaid expenses and other current assets$226 $156 
Accrued expenses and other current liabilities consist of the following (in millions):
March 28,
2026		March 29,
2025
Other taxes payable$33 $32 
Short-term derivative liability30 14 
Return liabilities26 25 
Accrued advertising and marketing24 28 
Professional services20 16 
Accrued capital expenditures18 9 
Accrued e-commerce15 15 
Accrued purchases and samples14 21 
Retail store expense accrual12 15 
Accrued rent (1)
11 16 
Gift and retail store credits10 10 
Deferred income3 1 
Other accrued expenses and current liabilities35 31 
Total accrued expenses and other current liabilities$251 $233 
(1)The accrued rent balance relates to variable lease payments.