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Other Assets and Liabilities

3 Months Ended

Jul. 02, 2022

Balance Sheet Related Disclosures [Abstract]

Other Assets and Liabilities

Other Assets and Liabilities

Prepaid expenses and other current assets consist of the following:

						July 2, 2022						April 2, 2022
						(millions)
Non-trade receivables						$	41.8					$	41.4
Other taxes receivable						32.1						26.2
Prepaid software maintenance						21.2						16.4
Derivative financial instruments						20.3						8.7
Prepaid advertising and marketing						19.5						7.9
Prepaid occupancy expense						11.1						6.0
Prepaid insurance						8.2						3.0
Inventory return asset						7.8						8.3
Prepaid logistic services						6.3						6.6
Tenant allowances receivable						5.2						6.1
Cloud computing arrangement implementation costs						4.9						4.0
Other prepaid expenses and current assets						38.8						37.9
Total prepaid expenses and other current assets						$	217.2					$	172.5

Other non-current assets consist of the following:

						July 2, 2022						April 2, 2022
						(millions)
Derivative financial instruments						$	58.0					$	23.7
Security deposits						29.8						30.6
Equity method and other investments						12.0						12.0
Cloud computing arrangement implementation costs						7.9						9.7
Restricted cash						6.0						6.6
Deferred rent assets						5.6						5.2
Other non-current assets						20.0						23.4
Total other non-current assets						$	139.3					$	111.2

Accrued expenses and other current liabilities consist of the following:

						July 2, 2022						April 2, 2022
						(millions)
Accrued inventory						$	303.8					$	250.2
Accrued operating expenses						205.2						223.4
Accrued payroll and benefits						150.6						278.0
Other taxes payable						67.4						60.9
Dividends payable						51.0						48.1
Accrued capital expenditures						40.1						49.6
Restructuring reserve						21.8						30.8
Deferred income						19.5						16.5
Finance lease obligations						18.6						19.8
Other accrued expenses and current liabilities						8.0						14.1
Total accrued expenses and other current liabilities						$	886.0					$	991.4

Other non-current liabilities consist of the following:

						July 2, 2022						April 2, 2022
						(millions)
Deferred lease incentives and obligations						$	50.1					$	52.7
Deferred tax liabilities						13.5						12.5
Accrued benefits and deferred compensation						12.0						12.0
Derivative financial instruments						—						18.1
Other non-current liabilities						35.8						36.6
Total other non-current liabilities						$	111.4					$	131.9

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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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