Property and Equipment

6 Months Ended

Sep. 28, 2024

Property, Plant and Equipment [Abstract]

Property and equipment, net consists of the following:


	September 28, 2024		March 30, 2024
	(millions)
Land and improvements	$	15.3	$	15.3
Buildings and improvements	421.1		416.8
Furniture and fixtures	650.5		627.1
Machinery and equipment	408.0		389.5
Capitalized software	563.9		558.5
Leasehold improvements	1,294.8		1,249.4
Construction in progress	55.1		46.2
	3,408.7		3,302.8
Less: accumulated depreciation	(2,576.6)		(2,452.4)
Property and equipment, net	$	832.1	$	850.4

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 $52.7 million and $103.8 million during the three-month and six-month periods ended September 28, 2024, respectively, and $55.2 million and $110.1 million during the three-month and six-month periods ended September 30, 2023, respectively, and was recorded primarily within SG&A expenses in the consolidated statements of operations.