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Current Assets and Current Liabilities
12 Months Ended
Apr. 02, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Current Assets and Current Liabilities Current Assets and Current Liabilities
Prepaid expenses and other current assets consist of the following (in millions):
April 2,
2022
March 27,
2021
Prepaid taxes$86 $133 
Other accounts receivables17 13 
Prepaid contracts15 11 
Interest receivable related to net investment hedges13 12 
Other61 36 
Total prepaid expenses and other current assets$192 $205 
Accrued expenses and other current liabilities consist of the following (in millions):
April 2,
2022
March 27,
2021
Other taxes payable$61 $46 
Return liabilities52 46 
Accrued capital expenditures39 17 
Accrued advertising and marketing21 11 
Accrued rent (1)
20 20 
Gift and retail store credits17 12 
Professional services15 13 
Accrued litigation13 12 
Accrued purchases and samples11 
Accrued interest10 10 
Charitable donations (2)
10 20 
Restructuring liability
Other81 73 
Total accrued expenses and other current liabilities$351 $297 
(1)The accrued rent balance relates to variable lease payments.
(2)The charitable donations balance relates to a $10 million unconditional pledge to The Versace Foundation as of April 2, 2022 and a $20 million unconditional pledge to The Capri Holdings Foundation for the Advancement of Diversity in Fashion as of March 27, 2021 which was funded during the second quarter ended September 25, 2021.