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Other Assets and Liabilities

12 Months Ended

Apr. 01, 2023

Balance Sheet Related Disclosures [Abstract]

Other Assets and Liabilities

Other Assets and Liabilities

Prepaid expenses and other current assets consist of the following:

						April 1, 2023						April 2, 2022
						(millions)
Other taxes receivable						$	46.7					$	26.2
Non-trade receivables						30.7						41.4
Prepaid software maintenance						18.5						16.4
Inventory return asset						10.5						8.3
Prepaid advertising and marketing						10.4						7.9
Prepaid logistic services						6.5						6.6
Cloud computing arrangement implementation costs						6.2						4.0
Prepaid occupancy expense						5.8						6.0
Prepaid insurance						4.1						3.0
Tenant allowances receivable						3.9						6.1
Derivative financial instruments						1.7						8.7
Other prepaid expenses and current assets						43.7						37.9
Total prepaid expenses and other current assets						$	188.7					$	172.5

Other non-current assets consist of the following:

						April 1, 2023						April 2, 2022
						(millions)
Derivative financial instruments						$	42.8					$	23.7
Security deposits						33.0						30.6
Equity method and other investments						10.6						12.0
Cloud computing arrangement implementation costs						10.1						9.7
Deferred rent assets						6.8						5.2
Restricted cash						6.1						6.6
Other non-current assets						23.6						23.4
Total other non-current assets						$	133.0					$	111.2

Accrued expenses and other current liabilities consist of the following:

						April 1, 2023						April 2, 2022
						(millions)
Accrued inventory						$	212.3					$	250.2
Accrued payroll and benefits						198.1						278.0
Accrued operating expenses						194.4						223.4
Dividends payable						49.2						48.1
Accrued capital expenditures						37.2						49.6
Other taxes payable						32.8						60.9
Restructuring reserve						20.8						30.8
Finance lease obligations						20.3						19.8
Deferred income						14.0						16.5
Other accrued expenses and current liabilities						16.4						14.1
Total accrued expenses and other current liabilities						$	795.5					$	991.4

Other non-current liabilities consist of the following:

						April 1, 2023						April 2, 2022
						(millions)
Deferred lease incentives and obligations						$	43.2					$	52.7
Accrued benefits and deferred compensation						12.4						12.0
Deferred tax liabilities						7.2						12.5
Derivative financial instruments						—						18.1
Other non-current liabilities						38.1						36.6
Total other non-current liabilities						$	100.9					$	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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//210/tableOfContent

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