Property and Equipment

9 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and equipment, net consists of the following:


	December 31, 2022		April 2, 2022
	(millions)
Land and improvements	$	15.3	$	15.3
Buildings and improvements	470.3		480.4
Furniture and fixtures	598.4		589.6
Machinery and equipment	381.7		375.7
Capitalized software	544.9		532.1
Leasehold improvements	1,206.6		1,170.1
Construction in progress	54.3		55.4
	3,271.5		3,218.6
Less: accumulated depreciation	(2,324.0)		(2,249.1)
Property and equipment, net	$	947.5	$	969.5

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 $51.7 million and $152.7 million during the three-month and nine-month periods ended December 31, 2022, respectively, and $51.8 million and $156.0 million during the three-month and nine-month periods ended December 25, 2021, respectively, and was recorded primarily within SG&A expenses in the consolidated statements of operations.