v3.26.1
Other Current Assets and Other Current Liabilities (Tables)
3 Months Ended
Jun. 27, 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):
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 receivables
Other prepaid expenses and current assets28 21 
Total prepaid expenses and other current assets$217 $226 
Schedule of Accrued Expenses and Other Current Liabilities
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 accrual12 
Accrued capital expenditures18 
Deferred income
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.