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Other Assets and Liabilities

6 Months Ended

Sep. 25, 2021

Balance Sheet Related Disclosures [Abstract]

Other Assets and Liabilities

Other Assets and Liabilities

Prepaid expenses and other current assets consist of the following:

						September 25, 2021						March 27, 2021
						(millions)
Non-trade receivables						$	48.2					$	28.9
Other taxes receivable						26.1						28.4
Prepaid software maintenance						13.3						12.9
Prepaid advertising and marketing						10.2						9.5
Inventory return asset						8.8						8.3
Tenant allowances receivable						8.0						8.7
Prepaid logistic services						7.1						7.1
Cloud computing arrangement implementation costs						6.8						8.2
Prepaid occupancy expense						6.3						6.7
Prepaid inventory						5.9						5.0
Derivative financial instruments						3.2						5.6
Other prepaid expenses and current assets						38.2						37.3
Total prepaid expenses and other current assets						$	182.1					$	166.6

Other non-current assets consist of the following:

						September 25, 2021						March 27, 2021
						(millions)
Security deposits						$	30.9					$	31.1
Derivative financial instruments						12.9						10.2
Restricted cash						7.3						7.5
Cloud computing arrangement implementation costs						4.3						5.3
Deferred rent assets						4.3						3.4
Other non-current assets						28.8						28.9
Total other non-current assets						$	88.5					$	86.4

Accrued expenses and other current liabilities consist of the following:

						September 25, 2021						March 27, 2021
						(millions)
Accrued inventory						$	258.9					$	196.1
Accrued operating expenses						227.0						225.0
Accrued payroll and benefits						214.4						223.6
Other taxes payable						82.0						64.6
Restructuring reserve						53.2						99.8
Dividends payable						50.6						—
Accrued capital expenditures						32.8						21.3
Finance lease obligations						20.1						19.7
Deferred income						10.5						12.0
Other accrued expenses and current liabilities						13.0						13.3
Total accrued expenses and other current liabilities						$	962.5					$	875.4

Other non-current liabilities consist of the following:

						September 25, 2021						March 27, 2021
						(millions)
Finance lease obligations						$	357.7					$	370.5
Deferred lease incentives and obligations						59.5						62.4
Derivative financial instruments						40.7						55.1
Accrued benefits and deferred compensation						22.1						22.4
Deferred tax liabilities						10.8						10.7
Other non-current liabilities						39.7						39.7
Total other non-current liabilities						$	530.5					$	560.8

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- References

No definition available.

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- Definition

The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-URI http://asc.fasb.org/topic&trid=2122208

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