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Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Dec. 31, 2022
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 July 2, 2022 | $ | 609.1 |  |  | $ | 632.4 |  |  | $ | — |  |  | $ | 1,241.5 |
Foreign exchange impact | 7.2 |  |  | 0.3 |  |  | — |  |  | $ | 7.5 |
Balance at December 31, 2022 | $ | 616.3 |  |  | $ | 632.7 |  |  | $ | — |  |  | $ | 1,249.0 |
(1) Amount is net of accumulated goodwill impairment charges of $210.7 million as of December 31, 2022 and July 2, 2022.
Schedule of Indefinite-Lived Intangible Assets | Intangible assets consist of the following:
| December 31, 2022 |  | July 2, 2022
| Gross Carrying Amount |  | Accum. Amort. |  | Net |  | Gross Carrying Amount |  | Accum. Amort. |  | Net
| (millions)
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 100.4 |  |  | $ | (46.8) |  |  | $ | 53.6 |  |  | $ | 100.3 |  |  | $ | (43.5) |  |  | $ | 56.8 |
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names | 1,309.8 |  |  | — |  |  | 1,309.8 |  |  | 1,309.8 |  |  | — |  |  | 1,309.8 |
Total intangible assets | $ | 1,410.2 |  |  | $ | (46.8) |  |  | $ | 1,363.4 |  |  | $ | 1,410.1 |  |  | $ | (43.5) |  |  | $ | 1,366.6 |
Schedule of Finite-Lived Intangible Assets | Intangible assets consist of the following:
| December 31, 2022 |  | July 2, 2022
| Gross Carrying Amount |  | Accum. Amort. |  | Net |  | Gross Carrying Amount |  | Accum. Amort. |  | Net
| (millions)
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 100.4 |  |  | $ | (46.8) |  |  | $ | 53.6 |  |  | $ | 100.3 |  |  | $ | (43.5) |  |  | $ | 56.8 |
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names | 1,309.8 |  |  | — |  |  | 1,309.8 |  |  | 1,309.8 |  |  | — |  |  | 1,309.8 |
Total intangible assets | $ | 1,410.2 |  |  | $ | (46.8) |  |  | $ | 1,363.4 |  |  | $ | 1,410.1 |  |  | $ | (43.5) |  |  | $ | 1,366.6 |
Schedule of Expected Amortization Expense | As of December 31, 2022, the expected amortization expense for intangible assets is as follows:
| Amortization Expense
| (millions)
Remainder of fiscal 2023 | $ | 3.2 |
Fiscal 2024 | 6.5 |
Fiscal 2025 | 6.5 |
Fiscal 2026 | 6.5 |
Fiscal 2027 | 6.5 |
Thereafter | 24.4 |
Total | $ | 53.6 |

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