Other Assets and Liabilities

6 Months Ended

Oct. 01, 2022

Balance Sheet Related Disclosures [Abstract]

Other Assets and Liabilities

Other Assets and Liabilities

Prepaid expenses and other current assets consist of the following:

	October 1, 2022		April 2, 2022
	(millions)
Other taxes receivable	$	39.9	$	26.2
Non-trade receivables	36.2		41.4
Derivative financial instruments	22.7		8.7
Prepaid software maintenance	20.2		16.4
Prepaid advertising and marketing	16.7		7.9
Prepaid occupancy expense	9.1		6.0
Inventory return asset	8.1		8.3
Tenant allowances receivable	6.7		6.1
Prepaid insurance	6.1		3.0
Prepaid logistic services	6.1		6.6
Cloud computing arrangement implementation costs	5.6		4.0
Other prepaid expenses and current assets	41.4		37.9
Total prepaid expenses and other current assets	$	218.8	$	172.5

Other non-current assets consist of the following:

	October 1, 2022		April 2, 2022
	(millions)
Derivative financial instruments	$	93.1	$	23.7
Security deposits	28.8		30.6
Equity method and other investments	12.0		12.0
Cloud computing arrangement implementation costs	8.6		9.7
Deferred rent assets	6.1		5.2
Restricted cash	5.6		6.6
Other non-current assets	18.9		23.4
Total other non-current assets	$	173.1	$	111.2

Accrued expenses and other current liabilities consist of the following:

	October 1, 2022		April 2, 2022
	(millions)
Accrued inventory	$	305.6	$	250.2
Accrued operating expenses	206.2		223.4
Accrued payroll and benefits	160.8		278.0
Other taxes payable	58.5		60.9
Dividends payable	49.7		48.1
Accrued capital expenditures	31.2		49.6
Finance lease obligations	19.2		19.8
Deferred income	17.2		16.5
Restructuring reserve	15.9		30.8
Other accrued expenses and current liabilities	12.8		14.1
Total accrued expenses and other current liabilities	$	877.1	$	991.4

Other non-current liabilities consist of the following:

	October 1, 2022		April 2, 2022
	(millions)
Deferred lease incentives and obligations	$	47.2	$	52.7
Accrued benefits and deferred compensation	14.0		12.0
Deferred tax liabilities	12.8		12.5
Derivative financial instruments	—		18.1
Other non-current liabilities	36.2		36.6
Total other non-current liabilities	$	110.2	$	131.9