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Other Assets and Liabilities

3 Months Ended

Jun. 29, 2024

Balance Sheet Related Disclosures [Abstract]

Other Assets and Liabilities

Other Assets and Liabilities

Prepaid expenses and other current assets consist of the following:

						June 29, 2024						March 30, 2024
						(millions)
Prepaid software maintenance						$	33.3					$	19.2
Prepaid marketing and advertising						30.8						19.6
Non-trade receivables						22.9						27.2
Other taxes receivable						20.9						26.1
Tenant allowances receivable						20.8						5.2
Prepaid occupancy expense						18.4						8.3
Inventory return asset						13.7						13.3
Derivative financial instruments						9.6						6.0
Cloud computing arrangement implementation costs						7.6						7.2
Prepaid insurance						7.4						4.1
Prepaid logistic services						6.5						6.5
Restricted cash						1.4						2.8
Other prepaid expenses and current assets						32.6						26.4
Total prepaid expenses and other current assets						$	225.9					$	171.9

Other non-current assets consist of the following:

						June 29, 2024						March 30, 2024
						(millions)
Security deposits						$	35.0					$	34.2
Derivative financial instruments						32.3						30.6
Cloud computing arrangement implementation costs						15.6						16.0
Equity method and other investments						7.9						7.5
Deferred rent assets						6.2						6.3
Restricted cash						5.3						5.6
Other non-current assets						23.8						25.5
Total other non-current assets						$	126.1					$	125.7

Accrued expenses and other current liabilities consist of the following:

						June 29, 2024						March 30, 2024
						(millions)
Accrued operating expenses						$	185.6					$	192.0
Accrued inventory						178.6						122.2
Accrued payroll and benefits						138.7						207.7
Other taxes payable						79.9						60.8
Accrued marketing and advertising						69.9						74.2
Dividends payable						51.5						47.5
Restructuring reserve						28.3						32.3
Accrued capital expenditures						24.1						26.7
Finance lease obligations						19.1						19.2
Deferred income						18.3						17.3
Other accrued expenses and current liabilities						7.5						9.8
Total accrued expenses and other current liabilities						$	801.5					$	809.7

Other non-current liabilities consist of the following:

						June 29, 2024						March 30, 2024
						(millions)
Deferred lease incentives and obligations						$	39.2					$	41.0
Asset retirement obligations						34.6						34.8
Accrued benefits and deferred compensation						20.5						20.5
Deferred tax liabilities						9.5						7.0
Derivative financial instruments						0.1						5.2
Other non-current liabilities						3.9						5.1
Total other non-current liabilities						$	107.8					$	113.6

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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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