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Other Assets and Liabilities

9 Months Ended

Dec. 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:

						December 25, 2021						March 27, 2021
						(millions)
Non-trade receivables						$	48.6					$	28.9
Other taxes receivable						25.7						28.4
Inventory return asset						14.1						8.3
Prepaid advertising and marketing						12.2						9.5
Prepaid software maintenance						12.1						12.9
Tenant allowances receivable						9.2						8.7
Prepaid occupancy expense						8.8						6.7
Prepaid logistic services						6.8						7.1
Prepaid inventory						5.4						5.0
Cloud computing arrangement implementation costs						4.3						8.2
Derivative financial instruments						3.3						5.6
Other prepaid expenses and current assets						42.0						37.3
Total prepaid expenses and other current assets						$	192.5					$	166.6

Other non-current assets consist of the following:

						December 25, 2021						March 27, 2021
						(millions)
Security deposits						$	31.3					$	31.1
Derivative financial instruments						23.2						10.2
Cloud computing arrangement implementation costs						8.9						5.3
Restricted cash						7.1						7.5
Deferred rent assets						4.7						3.4
Other non-current assets						28.9						28.9
Total other non-current assets						$	104.1					$	86.4

Accrued expenses and other current liabilities consist of the following:

						December 25, 2021						March 27, 2021
						(millions)
Accrued operating expenses						$	278.1					$	225.0
Accrued payroll and benefits						266.2						223.6
Accrued inventory						265.6						196.1
Other taxes payable						93.5						64.6
Dividends payable						48.9						—
Restructuring reserve						40.8						99.8
Accrued capital expenditures						36.0						21.3
Finance lease obligations						20.0						19.7
Deferred income						15.3						12.0
Other accrued expenses and current liabilities						9.2						13.3
Total accrued expenses and other current liabilities						$	1,073.6					$	875.4

Other non-current liabilities consist of the following:

						December 25, 2021						March 27, 2021
						(millions)
Finance lease obligations						$	350.5					$	370.5
Deferred lease incentives and obligations						57.6						62.4
Derivative financial instruments						27.5						55.1
Accrued benefits and deferred compensation						13.5						22.4
Deferred tax liabilities						11.7						10.7
Other non-current liabilities						37.6						39.7
Total other non-current liabilities						$	498.4					$	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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