XML 40 R30.htm IDEA: XBRL DOCUMENT v3.24.0.1

Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Jan. 27, 2024

Text Block [Abstract]

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 27, 2024				April 29, 2023
Derivatives designated as hedging instruments:
Net investment hedges		Other accrued liabilities		$	—			$	(0.5	)
Net investment hedges		Prepaid expenses and other current assets		$	0.4			$	—
Interest rate swaps		Prepaid expenses and other current assets		$	—			$	1.6
Interest rate swaps		Other long-term liabilities		$	(4.2	)		$	—
Derivatives not designated as hedging instruments:
Foreign currency forward contracts		Prepaid expenses and other current assets		$	—			$	0.1
Foreign currency forward contracts		Other accrued liabilities		$	(0.3	)		$	(0.1	)

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 27, 2024				January 28, 2023				January 27, 2024				January 28, 2023
Net investment hedges		$	0.3			$	(4.8	)		$	1.5			$	(1.4	)
Interest rate swaps			(3.1	)			(1.0	)			(5.8	)			(0.3	)
Total		$	(2.8	)		$	(5.8	)		$	(4.3	)		$	(1.7	)

X

- 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
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A

+ Details

Name:	us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TextBlockAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration