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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Mar. 27, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Change in Carrying Amount of Goodwill by Segment | The change in the carrying amount of the Company’s goodwill by segment is as follows:
| Coach |  | Kate Spade |  | Stuart Weitzman(1) |  | Total
| (millions)
Balance at June 27, 2020 | $ | 661.7 |  |  | $ | 639.4 |  |  | $ | — |  |  | $ | 1,301.1 |
Foreign exchange impact | (2.5) |  |  | 1.6 |  |  | — |  |  | (0.9) |
Balance at March 27, 2021 | $ | 659.2 |  |  | $ | 641.0 |  |  | $ | — |  |  | $ | 1,300.2 |
(1) Amount is net of accumulated goodwill impairment charges of $210.7 million as of March 27, 2021 and June 27, 2020.
Schedule of Indefinite-Lived Intangible Assets | Intangible assets consist of the following:
| March 27, 2021 |  | June 27, 2020
| Gross Carrying Amount |  | Accum. Amort. |  | Net |  | Gross Carrying Amount |  | Accum. Amort. |  | Net
| (millions)
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 100.5 |  |  | $ | (35.7) |  |  | $ | 64.8 |  |  | $ | 100.6 |  |  | $ | (31.0) |  |  | $ | 69.6 |
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names | 1,309.9 |  |  | — |  |  | 1,309.9 |  |  | 1,309.8 |  |  | — |  |  | 1,309.8 |
Total intangible assets | $ | 1,410.4 |  |  | $ | (35.7) |  |  | $ | 1,374.7 |  |  | $ | 1,410.4 |  |  | $ | (31.0) |  |  | $ | 1,379.4 |
Schedule of Finite-Lived Intangible Assets | Intangible assets consist of the following:
| March 27, 2021 |  | June 27, 2020
| Gross Carrying Amount |  | Accum. Amort. |  | Net |  | Gross Carrying Amount |  | Accum. Amort. |  | Net
| (millions)
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 100.5 |  |  | $ | (35.7) |  |  | $ | 64.8 |  |  | $ | 100.6 |  |  | $ | (31.0) |  |  | $ | 69.6 |
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names | 1,309.9 |  |  | — |  |  | 1,309.9 |  |  | 1,309.8 |  |  | — |  |  | 1,309.8 |
Total intangible assets | $ | 1,410.4 |  |  | $ | (35.7) |  |  | $ | 1,374.7 |  |  | $ | 1,410.4 |  |  | $ | (31.0) |  |  | $ | 1,379.4 |
Schedule of Expected Amortization Expense | As of March 27, 2021, the expected amortization expense for intangible assets is as follows:
| Amortization Expense
| (millions)
Remainder of fiscal 2021 | $ | 1.7 |
Fiscal 2022 | 6.5 |
Fiscal 2023 | 6.5 |
Fiscal 2024 | 6.5 |
Fiscal 2025 | 6.5 |
Fiscal 2026 | 6.5 |
Fiscal 2027 and thereafter | 30.6 |
Total | $ | 64.8 |

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