Current Assets and Current Liabilities

6 Months Ended

Sep. 29, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Current Assets and Current Liabilities

Current Assets and Current Liabilities

Prepaid expenses and other current assets consist of the following (in millions):

	September 29, 2018		March 31, 2018
Prepaid taxes	$	126.9	$	78.5
Prepaid rent	23.7		22.7
Leasehold incentive receivable	12.2		9.4
Prepaid insurance	5.1		1.5
Unrealized gains on forward foreign currency exchange contracts	4.3		—
Prepaid duties	—		7.0
Other	39.2		28.7
	$	211.4	$	147.8

Accrued expenses and other current liabilities consist of the following (in millions):

	September 29, 2018		March 31, 2018
Other taxes payable	$	60.8	$	54.3
Accrued rent	39.8		34.5
Restructuring liability	35.2		44.8
Unrealized loss on forward foreign currency exchange contracts	30.8		7.7
Accrued advertising and marketing	30.6		22.6
Return liabilities	25.9		12.1
Accrued capital expenditures	23.1		26.4
Professional services	21.8		14.1
Gift cards and retail store credits	10.6		16.0
Accrued interest	8.4		8.7
Deferred income	6.0		4.3
Deferred loyalty program liabilities	5.8		2.2
Advance royalties	1.1		4.1
Other	45.9		43.8
	$	345.8	$	295.6