Accrued expenses and other current liabilities

12 Months Ended

Feb. 01, 2020

Accrued expenses and other current liabilities



(in millions)	February 1, 2020		February 2, 2019
Accrued compensation	$	63.1	$	88.1
Other liabilities	13.8		28.3
Other taxes	32.8		32.6
Payroll taxes	11.7		10.8
Shareholder litigation (see Note 27)	240.6		—
Accrued expenses	335.0		343.0
Total accrued expenses and other current liabilities	$	697.0	$	502.8

The North America segment provides a product lifetime diamond guarantee as long as six-month inspections are performed and certified by an authorized store representative. Provided the customer has complied with the six-month inspection policy, the Company will replace, at no cost to the customer, any stone that chips, breaks or is lost from its original setting during normal wear. Management estimates the warranty accrual based on the lag of actual claims experience and the costs of such claims, inclusive of labor and material. A similar product lifetime guarantee is also provided on color gemstones. The warranty reserve for diamond and gemstone guarantee is as follows:



(in millions)	Fiscal 2020			Fiscal 2019			Fiscal 2018
Warranty reserve, beginning of period	$	33.2		$	37.2		$	40.0
Warranty expense	13.5			8.0			8.5
Utilized⁽¹⁾	(10.4		)	(12.0		)	(11.3		)
Warranty reserve, end of period	$	36.3		$	33.2		$	37.2


⁽¹⁾	Includes impact of foreign exchange translation.



(in millions)	February 1, 2020		February 2, 2019
Disclosed as:
Current liabilities⁽¹⁾	$	10.6	$	10.0
Other liabilities - non-current (see Note 25)	25.7		23.2
Total warranty reserve	$	36.3	$	33.2

⁽¹⁾

Included within accrued expenses above.