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Current Assets and Current Liabilities

3 Months Ended

Jun. 29, 2019

Prepaid expenses and other current assets consist of the following (in millions):



	June 29, 2019		March 30, 2019
Prepaid taxes	$	154	$	125
Prepaid rent ⁽¹⁾	—		24
Interest receivable related to net investment hedges	7		11
Prepaid fixed assets	7		7
Prepaid advertising	5		5
Other	51		49
	$	224	$	221

Accrued expenses and other current liabilities consist of the following (in millions):



	June 29, 2019		March 30, 2019
Other taxes payable	$	61	$	47
Return liabilities	36		35
Accrued capital expenditures	23		25
Accrued rent ⁽²⁾	17		34
Gift cards and retail store credits	12		13
Professional services	12		12
Accrued litigation	12		11
Accrued advertising and marketing	9		10
Accrued purchases and samples	9		29
Advance royalties	9		6
Accrued interest	5		10
Restructuring liability ⁽¹⁾	5		64
Other	73		78
	$	283	$	374


⁽¹⁾	In connection with the adoption of ASU 2016-02, certain lease related assets and liabilities were reflected within operating lease right-of-use assets and liabilities as of June 29, 2019. See Note 2 and Note 4 for additional information.

⁽²⁾

The accrued rent balance relates to variable lease payments.