Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Nov. 02, 2024

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						Six Months Ended
	November 2, 2024			October 28, 2023			November 2, 2024			October 28, 2023
(in millions)	(14 Weeks)			(13 Weeks)			(27 Weeks)			(26 Weeks)
Net investment hedges	$	0.1		$	1.1		$	(0.8	)	$	1.2
Interest rate swaps		(1.4	)		(0.4	)		(2.7	)		(2.7	)
Total	$	(1.3	)	$	0.7		$	(3.5	)	$	(1.5	)

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 are classified as Level 2 within the fair value hierarchy and are recorded in the condensed consolidated balance sheets as follows:

		Asset/(Liability)
(in millions)	Financial Statement Caption	November 2, 2024			April 27, 2024
Derivatives designated as hedging instruments:
Net investment hedges	Prepaid expenses and other current assets	$	0.5		$	1.3
Interest rate swaps	Other long-term liabilities	$	(4.8	)	$	(2.1	)
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Other accrued liabilities	$	(0.3	)	$	(0.2	)