v3.25.4
Derivative Instruments and Hedging Activities (Tables)
9 Months Ended
Jan. 31, 2026
Text Block [Abstract]  
Schedule of Derivative Instruments Effect on Other Comprehensive Income (Loss)

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

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

January 31, 2026

 

 

February 1, 2025

 

 

January 31, 2026

 

 

February 1, 2025

 

(in millions)

 

(13 Weeks)

 

 

(13 Weeks)

 

 

(39 Weeks)

 

 

(40 Weeks)

 

Cross-currency swap

 

$

 

 

$

2.6

 

 

$

 

 

$

1.8

 

Interest rate swaps

 

 

0.6

 

 

 

0.1

 

 

 

2.0

 

 

 

(2.6

)

Total

 

$

0.6

 

 

$

2.7

 

 

$

2.0

 

 

$

(0.8

)

 

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 recorded in the condensed consolidated balance sheets as follows:

 

 

 

 

Asset/(Liability)

 

(in millions)

 

Financial Statement Caption

 

January 31, 2026

 

 

May 3, 2025

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

Interest rate swaps

 

Other long-term liabilities

 

$

(3.7

)

 

$

(5.7

)

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

Prepaid expenses and other current assets

 

$

 

 

$

0.7

 

Foreign currency forward contracts

 

Other accrued liabilities

 

$

(0.4

)

 

$