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Property and Equipment

3 Months Ended

Jun. 26, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment, net consists of the following:

						June 26, 2021						March 27, 2021
						(millions)
Land and improvements						$	15.3					$	15.3
Buildings and improvements						492.8						492.8
Furniture and fixtures						595.8						608.9
Machinery and equipment						385.2						391.8
Capitalized software						554.6						555.2
Leasehold improvements						1,146.8						1,207.2
Construction in progress						32.4						34.5
						3,222.9						3,305.7
Less: accumulated depreciation						(2,248.3)						(2,291.7)
Property and equipment, net						$	974.6					$	1,014.0

Property and equipment, net includes finance lease right-of-use ("ROU") assets, which are reflected in the table above based on their nature.

Depreciation expense was $52.7 million and $58.5 million during the three-month periods ended June 26, 2021 and June 27, 2020, respectively, and was recorded primarily within SG&A expenses in the consolidated statements of operations.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916

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