Other Assets and Liabilities

3 Months Ended

Jun. 28, 2025

Balance Sheet Related Disclosures [Abstract]

Other Assets and Liabilities

Other Assets and Liabilities

Prepaid expenses and other current assets consist of the following:


						June 28, 2025						March 29, 2025
						(millions)

Tenant allowances receivable						$	53.7					$	46.7
Prepaid information technology subscriptions and maintenance						41.6						19.3
Non-trade receivables						22.1						24.0
Prepaid marketing and advertising						21.8						21.7
Other taxes receivable						20.3						26.7
Prepaid occupancy expense						15.2						11.5
Inventory return asset						14.2						13.4
Cloud computing arrangement implementation costs						9.6						10.1
Prepaid insurance						8.7						3.9
Prepaid logistic services						7.0						6.5
Restricted cash						1.4						1.4
Derivative financial instruments						0.3						30.9
Other prepaid expenses and current assets						31.2						26.3
Total prepaid expenses and other current assets						$	247.1					$	242.4

Other non-current assets consist of the following:


						June 28, 2025						March 29, 2025
						(millions)
Security deposits						$	40.4					$	37.7

Cloud computing arrangement implementation costs						21.6						16.1
Restricted cash						5.8						5.5
Equity method and other investments						3.0						3.1
Deferred rent assets						2.5						2.2
Deposit for purchase of real estate						1.9						16.8

Other non-current assets						32.8						29.8
Total other non-current assets						$	108.0					$	111.2

Accrued expenses and other current liabilities consist of the following:


						June 28, 2025						March 29, 2025
						(millions)
Accrued operating expenses						$	198.0					$	190.1
Accrued inventory						170.9						122.2
Accrued payroll and benefits						165.3						307.4
Other taxes payable						97.6						78.5
Accrued marketing and advertising						82.6						76.4
Dividends payable						55.3						50.7
Accrued capital expenditures						32.6						31.0
Derivative financial instruments						24.6						7.7
Finance lease obligations						20.5						20.6
Restructuring reserve						17.3						15.5
Deferred income						15.0						16.6
Other accrued expenses and current liabilities						8.1						9.4
Total accrued expenses and other current liabilities						$	887.8					$	926.1

Other non-current liabilities consist of the following:


						June 28, 2025						March 29, 2025
						(millions)
Derivative financial instruments						$	41.7					$	2.4
Asset retirement obligations						40.5						38.5
Deferred lease incentives and obligations						33.2						33.5
Accrued benefits and deferred compensation						24.5						22.5
Deferred tax liabilities						8.3						5.9
Other non-current liabilities						7.8						6.6
Total other non-current liabilities						$	156.0					$	109.4