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Current Assets and Current Liabilities (Tables) | 9 Months Ended
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Dec. 28, 2024
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):
| December 28, 2024 |  | March 30, 2024
Prepaid taxes | $ | 129 |  |  | $ | 88 |
Prepaid contracts | 17 |  |  | 21 |
Interest receivable related to hedges | 15 |  |  | 42 |
Restricted cash | 9 |  |  | 6 |
Other accounts receivables | 6 |  |  | 8 |
Other | 36 |  |  | 50 |
Total prepaid expenses and other current assets | $ | 212 |  |  | $ | 215 |
Schedule of Accrued Expenses and Other Current Liabilities | Accrued expenses and other current liabilities consist of the following (in millions):
| December 28, 2024 |  | March 30, 2024
Return liabilities | $ | 54 |  |  | $ | 48 |
Other taxes payable | 52 |  |  | 29 |
Professional services | 40 |  |  | 18 |
Accrued advertising and marketing | 39 |  |  | 29 |
Accrued E-commerce | 31 |  |  | 12 |
Accrued purchases and samples | 18 |  |  | 16 |
Accrued rent (1) | 17 |  |  | 17 |
Gift cards and retail store credits | 15 |  |  | 15 |
Accrued interest | 15 |  |  | 17 |
Accrued capital expenditures | 11 |  |  | 35 |
Short-term derivative liability | 9 |  |  | 3 |
Accrued retail store expense | 6 |  |  | 8 |
Advance royalties | 6 |  |  | 4 |
Restructuring liability | 5 |  |  | 22 |
Accrued litigation | 5 |  |  | 4 |
Other | 36 |  |  | 33 |
Total accrued expenses and other current liabilities | $ | 359 |  |  | $ | 310 |
(1)The accrued rent balance relates to variable lease payments.

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