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Goodwill and Other Intangible Assets (Tables)

9 Months Ended

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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