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Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended
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Jan. 28, 2023
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Schedule of Fair Value of Derivative Instruments Classified as Level 2 Within Fair Value Recorded in the Balance Sheet | The fair value of derivative instruments are classified as Level 2 within the fair value hierarchy and are recorded in the balance sheets as follows:
|  |  |  | Asset/(Liability) |
(in millions) |  | Financial Statement Caption |  | January 28, 2023 |  |  | April 30, 2022 |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |
Net investment hedges |  | Prepaid expenses and other current assets |  | $ | 0.5 |  |  | $ | — |
Net investment hedges |  | Other long-term assets |  | $ | — |  |  | $ | 1.9 |
Interest rate swaps |  | Prepaid expenses and other current assets |  | $ | 2.7 |  |  | $ | — |
Interest rate swaps |  | Other long-term assets |  | $ | — |  |  | $ | 3.0 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | Prepaid expenses and other current assets |  | $ | 1.5 |  |  | $ | — |
Foreign currency forward contracts |  | Other accrued liabilities |  | $ | (0.4 | ) |  | $ | (0.2 | )
Schedule of Derivative Instruments Effect on Other Comprehensive Income (Loss) | Gross amounts recorded in other comprehensive income (loss) were as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
(in millions) |  | January 28, 2023 |  |  | January 29, 2022 |  |  | January 28, 2023 |  |  | January 29, 2022 |
Net investment hedges |  | $ | (4.8 | ) |  | $ | 2.4 |  |  | $ | (1.4 | ) |  | $ | 5.2 |
Interest rate swaps |  |  | (1.0 | ) |  |  | 0.7 |  |  |  | (0.3 | ) |  |  | 1.3 |
Total |  | $ | (5.8 | ) |  | $ | 3.1 |  |  | $ | (1.7 | ) |  | $ | 6.5 |

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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 + Details
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