Accrued expenses and other current liabilities

12 Months Ended

Jan. 29, 2022

Payables and Accruals [Abstract]

Accrued expenses and other current liabilities

Accrued expenses and other current liabilities

(in millions)	January 29, 2022		January 30, 2021
Accrued compensation and benefits	$	138.2	$	111.6
Accrued advertising	30.5		52.3
Other taxes	64.4		69.3
Payroll taxes	25.9		27.5
Accrued expenses	242.6		233.4
Total accrued expenses and other current liabilities	$	501.6	$	494.1

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 2022		Fiscal 2021		Fiscal 2020
Warranty reserve, beginning of period	$	37.3	$	36.3	$	33.2
Warranty expense	8.7		8.5		13.5
Utilized (1)	(10.0)		(7.5)		(10.4)
Warranty reserve, end of period	$	36.0	$	37.3	$	36.3

(1)    Includes impact of foreign currency translation.

(in millions)	January 29, 2022		January 30, 2021
Disclosed as:
Current liabilities (1)	$	10.2	$	10.7
Other liabilities - non-current (see Note 26)	25.8		26.6
Total warranty reserve	$	36.0	$	37.3

(1)    Included within accrued expenses above.