v3.26.1
Other Current Assets and Other Current Liabilities (Tables)
12 Months Ended
Mar. 28, 2026
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):
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 
Other accounts receivables
Other prepaid expenses and current assets21 18 
Total prepaid expenses and other current assets$226 $156 
Schedule of Accrued Expenses and Other Current Liabilities
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 
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 income
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.