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Segment Information | 6 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION The Company has three reportable segments: •Coach - Includes global sales of Coach products to customers through Coach operated stores, including e-commerce sites and concession shop-in-shops, sales to wholesale customers and through independent third party distributors. •Kate Spade - Includes global sales primarily of kate spade new york brand products to customers through Kate Spade operated stores, including e-commerce sites and concession shop-in-shops, sales to wholesale customers, and through independent third party distributors. •Stuart Weitzman - Includes global sales of Stuart Weitzman brand products primarily through Stuart Weitzman operated stores, sales to wholesale customers, through e-commerce sites and through independent third party distributors. In deciding how to allocate resources and assess performance, the Company's chief operating decision maker regularly evaluates the sales and operating income of these segments. Operating income is the gross margin of the segment less direct expenses of the segment. 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 The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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