v3.25.4

Fair Value Measurements (Tables)

9 Months Ended

Dec. 27, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measured and Recorded on a Recurring Basis

All derivative contracts are measured and recorded at fair value on a recurring basis and are categorized in Level 2 of the fair value hierarchy, as shown in the following table (in millions):

			Fair value at December 27, 2025 using:																		Fair value at March 29, 2025 using:
			Quoted prices in active markets for identical assets (Level 1)						Significant other observable inputs (Level 2)						Significant unobservable inputs (Level 3)						Quoted prices in active markets for identical assets (Level 1)						Significant other observable inputs (Level 2)						Significant unobservable inputs (Level 3)
Derivative assets:
Undesignated forward foreign currency exchange contracts			$	—					$	4					$	—					$	—					$	—					$	—
Total derivative assets			$	—					$	4					$	—					$	—					$	—					$	—
Derivative liabilities:
Designated forward foreign currency exchange contracts			$	—					$	1					$	—					$	—					$	2					$	—
Net investment hedges			—						891						—						—						289						—
Total derivative liabilities			$	—					$	892					$	—					$	—					$	291					$	—

Schedule of Carrying Values and Estimated Fair Values of Debt, Based on Level 2 Measurements

The following table summarizes the carrying values and estimated fair values of the Company’s debt, based on Level 2 measurements (in millions):

			December 27, 2025												March 29, 2025
			Carrying Value						Estimated Fair Value						Carrying Value						Estimated Fair Value
Revolving Credit Facilities			$	221					$	221					$	755					$	755
2025 Term Loans			$	—					$	—					$	706					$	699

Schedule of Carrying Values and Fair Values of Assets Impaired

The following table details the carrying values and fair values of the Company’s assets that have been impaired during the three and nine months ended December 27, 2025 and the three and nine months ended December 28, 2024 (in millions):

			Three Months Ended December 27, 2025																		Three Months Ended December 28, 2024
			Carrying Value Prior to Impairment						Fair Value						Impairment Charge						Carrying Value Prior to Impairment						Fair Value						Impairment Charge
Operating lease right-of-use assets			$	—					$	—					$	—					$	—					$	—					$	—
Goodwill			—						—						—						159						93						66
Brands			—						—						—						213						198						15
Property and equipment, net			—						—						—						—						—						—
Total			$	—					$	—					$	—					$	372					$	291					$	81

			Nine Months Ended December 27, 2025																		Nine Months Ended December 28, 2024
			Carrying Value Prior to Impairment						Fair Value						Impairment Charge						Carrying Value Prior to Impairment						Fair Value						Impairment Charge
Operating lease right-of-use assets			$	43					$	27					$	16					$	42					$	24					$	18
Goodwill			—						—						—						159						93						66
Brands			—						—						—						213						198						15
Property and equipment, net			8						3						5						3						1						2
Total			$	51					$	30					$	21					$	417					$	316					$	101

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration