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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Aug. 02, 2025
Text Block [Abstract]  
Schedule of Derivative Instruments Effect on Other Comprehensive Income (Loss)

Effect of derivative instruments on comprehensive income (loss)

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

 

 

Three Months Ended

 

 

 

August 2, 2025

 

 

July 27, 2024

 

(in millions)

 

(13 Weeks)

 

 

(13 Weeks)

 

Net investment hedges

 

$

 

 

$

(0.9

)

Interest rate swaps

 

 

0.7

 

 

 

(1.3

)

Total

 

$

0.7

 

 

$

(2.2

)

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

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

 

 

 

 

Asset/(Liability)

 

(in millions)

 

Financial Statement Caption

 

August 2, 2025

 

 

May 3, 2025

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

Interest rate swaps

 

Other long-term liabilities

 

$

(5.0

)

 

$

(5.7

)

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

Prepaid expenses and other current assets

 

$

0.2

 

 

$

0.7