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v3.22.4

Segment Information (Tables) | 6 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Summary of Segment Performance | The following table summarizes segment performance for the three and six months ended December 31, 2022 and January 1, 2022:
| Coach |  | Kate Spade |  | Stuart Weitzman |  | Corporate(1) |  |  |  | Total
| (millions)
Three Months Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 1,449.7 |  |  | $ | 490.3 |  |  | $ | 85.4 |  |  | $ | — |  |  |  |  | $ | 2,025.4 |
Gross profit | 1,035.3 |  |  | 302.1 |  |  | 51.9 |  |  | — |  |  |  |  | 1,389.3 |
Operating income (loss) | 453.2 |  |  | 69.0 |  |  | 0.7 |  |  | (104.7) |  |  |  |  | 418.2 |
Income (loss) before provision for income taxes | 453.2 |  |  | 69.0 |  |  | 0.7 |  |  | (106.0) |  |  |  |  | 416.9 |
Depreciation and amortization expense(2) | 24.7 |  |  | 11.2 |  |  | 2.7 |  |  | 6.2 |  |  |  |  | 44.8 |
Three Months Ended January 1, 2022 |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 1,525.0 |  |  | $ | 500.4 |  |  | $ | 115.8 |  |  | $ | — |  |  |  |  | $ | 2,141.2 |
Gross profit | 1,078.2 |  |  | 308.0 |  |  | 71.2 |  |  | — |  |  |  |  | 1,457.4 |
Operating income (loss) | 473.3 |  |  | 83.7 |  |  | 13.3 |  |  | (107.5) |  |  |  |  | 462.8 |
Income (loss) before provision for income taxes | 473.3 |  |  | 83.7 |  |  | 13.3 |  |  | (180.2) |  |  |  |  | 390.1 |
Depreciation and amortization expense(2) | 19.4 |  |  | 10.2 |  |  | 2.1 |  |  | 17.1 |  |  |  |  | 48.8 |
Six Months Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 2,569.0 |  |  | $ | 812.2 |  |  | $ | 150.7 |  |  | $ | — |  |  |  |  | $ | 3,531.9 |
Gross profit | 1,844.2 |  |  | 509.9 |  |  | 89.8 |  |  | — |  |  |  |  | 2,443.9 |
Operating income (loss) | 792.4 |  |  | 92.2 |  |  | (4.4) |  |  | (207.7) |  |  |  |  | 672.5 |
Income (loss) before provision for income taxes | 792.4 |  |  | 92.2 |  |  | (4.4) |  |  | (227.1) |  |  |  |  | 653.1 |
Depreciation and amortization expense(2) | 47.0 |  |  | 22.3 |  |  | 5.1 |  |  | 14.2 |  |  |  |  | 88.6 |
Six Months Ended January 1, 2022 |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 2,639.9 |  |  | $ | 799.9 |  |  | $ | 182.3 |  |  | $ | — |  |  |  |  | $ | 3,622.1 |
Gross profit | 1,909.2 |  |  | 507.2 |  |  | 109.7 |  |  | — |  |  |  |  | 2,526.1 |
Operating income (loss) | 839.0 |  |  | 120.9 |  |  | 11.8 |  |  | (213.9) |  |  |  |  | 757.8 |
Income (loss) before provision for income taxes | 839.0 |  |  | 120.9 |  |  | 11.8 |  |  | (304.9) |  |  |  |  | 666.8 |
Depreciation and amortization expense(2) | 40.1 |  |  | 21.0 |  |  | 4.3 |  |  | 34.2 |  |  |  |  | 99.6 |
(1) Corporate, which is not a reportable segment, represents certain costs that are not directly attributable to a brand. These costs primarily include administration and certain costs for information systems. (2) Depreciation and amortization expense for the segments includes an allocation of expense related to assets which support multiple segments.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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