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Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

May 03, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments Classified as Level 2 Within Fair Value Recorded in the Consolidated Balance Sheet

The fair value of derivative instruments are classified as Level 2 within the fair value hierarchy and are recorded in the consolidated balance sheets as follows:

				Asset/(Liability)
(in millions)		Financial Statement Caption		May 3, 2025				April 27, 2024
Derivatives designated as hedging instruments:
Net investment hedges		Prepaid expenses and other current assets		$	—			$	1.3
Interest rate swaps		Other long-term liabilities		$	(5.7	)		$	(2.1	)
Derivatives not designated as hedging instruments:
Foreign currency forward contracts		Prepaid expenses and other current assets		$	0.7			$	—
Foreign currency forward contracts		Other accrued liabilities		$	—			$	(0.2	)

Schedule of Derivative Instruments Effect on Other Comprehensive Income (Loss)

The pre-tax effects of derivative financial instruments recorded in other comprehensive loss were as follows:

		Fiscal Year Ended
		May 3, 2025				April 27, 2024				April 29, 2023
(in millions)		(53 Weeks)				(52 Weeks)				(52 Weeks)
Net investment hedges		$	1.8			$	2.4			$	(2.4	)
Interest rate swaps			(3.6	)			(3.7	)			(1.4	)
Total		$	(1.8	)		$	(1.3	)		$	(3.8	)

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- References

No definition available.

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

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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
-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

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