Other Assets and Liabilities (Tables)

12 Months Ended

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