Other Assets and Liabilities

9 Months Ended

Dec. 27, 2025

Prepaid expenses and other current assets consist of the following:


	December 27, 2025		March 29, 2025
	(millions)

Tenant allowances receivables	$	50.8	$	46.7
Prepaid information technology subscriptions and maintenance	34.1		19.3
Prepaid marketing and advertising	31.8		21.7
Other taxes receivable	27.1		26.7
Inventory return asset	23.4		13.4
Non-trade receivables	17.7		24.0
Cloud computing arrangement implementation costs	12.6		10.1
Prepaid occupancy expenses	12.4		11.5
Prepaid logistic services	7.9		6.5
Prepaid insurance	7.1		3.9
Derivative financial instruments	2.3		30.9
Restricted cash	2.1		1.4
Other prepaid expenses and current assets	30.0		26.3
Total prepaid expenses and other current assets	$	259.3	$	242.4

Other non-current assets consist of the following:


	December 27, 2025		March 29, 2025
	(millions)
Security deposits	$	46.8	$	37.7

Cloud computing arrangement implementation costs	24.0		16.1
Restricted cash	5.4		5.5
Deferred rent assets	5.1		2.2
Equity method and other investments	4.6		3.1
Deposit for purchase of real estate	—		16.8

Other non-current assets	34.0		29.8
Total other non-current assets	$	119.9	$	111.2

Accrued expenses and other current liabilities consist of the following:


	December 27, 2025		March 29, 2025
	(millions)
Accrued payroll and benefits	$	292.6	$	307.4
Accrued operating expenses	281.2		190.1
Accrued inventory liability	185.5		122.2
Accrued marketing and advertising	110.3		76.4
Other taxes payable	94.1		78.5
Dividends payable	55.2		50.7
Accrued capital expenditures	33.2		31.0

Deferred income	27.6		16.6
Restructuring liability	22.1		15.5
Finance lease obligations	20.5		20.6
Derivative financial instruments	6.8		7.7
Other accrued expenses and current liabilities	2.9		9.4
Total accrued expenses and other current liabilities	$	1,132.0	$	926.1

Other non-current liabilities consist of the following:


	December 27, 2025		March 29, 2025
	(millions)
Asset retirement obligations	$	42.7	$	38.5
Derivative financial instruments	33.7		2.4
Deferred lease incentives and obligations	28.3		33.5
Accrued benefits and deferred compensation	27.3		22.5
Deferred tax liabilities	8.0		5.9
Restructuring liability	4.8		3.8
Other non-current liabilities	3.8		2.8
Total other non-current liabilities	$	148.6	$	109.4

RALPH LAUREN CORP 10-Q