XML 32 R24.htm IDEA: XBRL DOCUMENT v3.22.4
Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
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:
 CoachKate Spade
Stuart Weitzman(1)
Total
(millions)
Balance at July 2, 2022$609.1 $632.4 $— $1,241.5 
Foreign exchange impact7.2 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, 2022July 2, 2022
Gross
Carrying
Amount		Accum.
Amort.		NetGross
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 names1,309.8 — 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, 2022July 2, 2022
Gross
Carrying
Amount		Accum.
Amort.		NetGross
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 names1,309.8 — 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 20246.5 
Fiscal 20256.5 
Fiscal 20266.5 
Fiscal 20276.5 
Thereafter24.4 
Total$53.6