Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Oct. 29, 2022

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

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


				Asset/(Liability)
(in millions)		Financial Statement Caption		October 29, 2022				April 30, 2022
Derivatives designated as hedging instruments:
Net investment hedges		Prepaid expenses and other current assets		$	5.3			$	—
Net investment hedges		Other long-term assets		$	—			$	1.9
Interest rate swaps		Prepaid expenses and other current assets		$	3.7			$	—
Interest rate swaps		Other long-term assets		$	—			$	3.0
Derivatives not designated as hedging instruments:
Foreign currency forward contracts		Prepaid expenses and other current assets		$	0.1			$	—
Foreign currency forward contracts		Other accrued liabilities		$	(0.8	)		$	(0.2	)

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

Gross amounts recorded in other comprehensive income (loss) were as follows:


		Three Months Ended								Six Months Ended
(in millions)		October 29, 2022				October 30, 2021				October 29, 2022				October 30, 2021
Net investment hedges		$	1.4			$	1.6			$	3.4			$	2.8
Interest rate swaps			0.7				0.7				0.7				0.6


Total		$	2.1			$	2.3			$	4.1			$	3.4