v3.26.1
Other Current Assets and Other Current Liabilities
 3 Months Ended
Jun. 27, 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):
June 27,
2026		March 28,
2026
Prepaid taxes$84 $88 
U.S. import tariff receivables59 65 
Prepaid contracts17 18 
Interest receivable related to hedges13 20 
Restricted cash11 10 
Other accounts receivables5 4 
Other prepaid expenses and current assets28 21 
Total prepaid expenses and other current assets$217 $226 
Accrued expenses and other current liabilities consist of the following (in millions):
June 27,
2026		March 28,
2026
Short-term derivative liability$48 $30 
Return liabilities29 26 
Other taxes payable27 33 
Accrued advertising and marketing23 24 
Professional services21 20 
Accrued e-commerce19 15 
Accrued purchases and samples14 14 
Accrued rent (1)
12 11 
Gift and retail store credits10 10 
Retail store expense accrual7 12 
Accrued capital expenditures6 18 
Deferred income2 3 
Other accrued expenses and current liabilities33 35 
Total accrued expenses and other current liabilities$251 $251 
(1)The accrued rent balance relates to variable lease payments.