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v3.20.1

Other Assets and Liabilities (Tables) | 12 Months Ended
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Mar. 28, 2020
Balance Sheet Related Disclosures [Abstract] |
Schedule of prepaid expenses and other current assets | Prepaid expenses and other current assets consist of the following:
|  | March 28, 2020 |  | March 30, 2019
|  | (millions)
Non-trade receivables |  | $ | 27.0 |  |  | $ | 30.8 |
Other taxes receivable |  | 24.7 |  |  | 137.9 |
Prepaid software maintenance |  | 23.2 |  |  | 19.8 |
Derivative financial instruments |  | 13.7 |  |  | 19.8 |
Prepaid advertising and marketing |  | 10.1 |  |  | 9.6 |
Inventory return asset |  | 8.9 |  |  | 18.4 |
Prepaid occupancy expense |  | 6.7 |  |  | 38.0 |
Tenant allowances receivable |  | 1.8 |  |  | 8.2 |
Restricted cash |  | 1.4 |  |  | 11.9 |
Assets held-for-sale(a) |  | — |  |  | 20.8 |
Other prepaid expenses and current assets |  | 43.3 |  |  | 44.1 |
Total prepaid expenses and other current assets |  | $ | 160.8 |  |  | $ | 359.3 |
(a) Balance as of March 30, 2019 related to the estimated fair value, less costs to sell, of the Company's corporate jet. The jet was sold during Fiscal 2020 with no gain or loss recognized on sale. The Company donated the $20.8 million net cash proceeds received from the sale to the Ralph Lauren Corporate Foundation (formerly known as the Polo Ralph Lauren Foundation), a non-profit, charitable foundation that supports various philanthropic programs.
Schedule of other non-current assets | Other non-current assets consist of the following:
|  | March 28, 2020 |  | March 30, 2019
|  | (millions)
Derivative financial instruments |  | $ | 48.6 |  |  | $ | 12.2 |
Security deposits |  | 29.4 |  |  | 24.5 |
Restricted cash |  | 8.0 |  |  | 30.5 |
Non-current investments |  | — |  |  | 44.9 |
Other non-current assets |  | 25.9 |  |  | 46.4 |
Total other non-current assets |  | $ | 111.9 |  |  | $ | 158.5 |
Schedule of accrued expenses and other current liabilities | Accrued expenses and other current liabilities consist of the following:
|  | March 28, 2020 |  | March 30, 2019
|  | (millions)
Accrued payroll and benefits |  | $ | 186.2 |  |  | $ | 232.5 |
Accrued operating expenses |  | 176.4 |  |  | 235.2 |
Accrued inventory |  | 167.1 |  |  | 141.0 |
Dividends payable |  | 49.8 |  |  | 48.8 |
Other taxes payable |  | 47.9 |  |  | 158.3 |
Accrued capital expenditures |  | 29.1 |  |  | 47.6 |
Restructuring reserve |  | 25.5 |  |  | 60.4 |
Deferred income |  | 14.6 |  |  | 14.1 |
Finance lease obligations |  | 9.8 |  |  | 22.3 |
Derivative financial instruments |  | 6.9 |  |  | 3.6 |
Other accrued expenses and current liabilities |  | 3.8 |  |  | 4.6 |
Total accrued expenses and other current liabilities |  | $ | 717.1 |  |  | $ | 968.4 |
Schedule of other non-current liabilities | Other non-current liabilities consist of the following:
|  | March 28, 2020 |  | March 30, 2019
|  | (millions)
Finance lease obligations |  | $ | 189.4 |  |  | $ | 212.6 |
Deferred lease incentives and obligations |  | 57.8 |  |  | 202.7 |
Accrued benefits and deferred compensation |  | 19.5 |  |  | 26.2 |
Deferred tax liabilities |  | 10.0 |  |  | 50.2 |
Restructuring reserve |  | 2.0 |  |  | 11.4 |
Derivative financial instruments |  | — |  |  | 11.9 |
Other non-current liabilities |  | 29.8 |  |  | 25.9 |
Total other non-current liabilities |  | $ | 308.5 |  |  | $ | 540.9 |

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