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GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended
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Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill 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 1, 2023 | $ | 597.5 |  |  | $ | 630.0 |  |  | $ | — |  |  | $ | 1,227.5 |
Foreign exchange impact | 4.8 |  |  | 0.9 |  |  | — |  |  | $ | 5.7 |
Balance at December 30, 2023 | $ | 602.3 |  |  | $ | 630.9 |  |  | $ | — |  |  | $ | 1,233.2 |
(1) Amount is net of accumulated goodwill impairment charges of $210.7 million as of December 30, 2023 and July 1, 2023. Intangible Assets Intangible assets consist of the following:
| December 30, 2023 |  | July 1, 2023
| Gross Carrying Amount |  | Accum. Amort. |  | Net |  | Gross Carrying Amount |  | Accum. Amort. |  | Net
| (millions)
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 100.3 |  |  | $ | (53.2) |  |  | $ | 47.1 |  |  | $ | 100.3 |  |  | $ | (50.0) |  |  | $ | 50.3 |
Total intangible assets subject to amortization | 100.3 |  |  | (53.2) |  |  | 47.1 |  |  | 100.3 |  |  | (50.0) |  |  | 50.3 |
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 | $ | 1,410.1 |  |  | $ | (53.2) |  |  | $ | 1,356.9 |  |  | $ | 1,410.1 |  |  | $ | (50.0) |  |  | $ | 1,360.1 |
Amortization expense for the Company’s definite-lived intangible assets for the three and six months ended December 30, 2023 was $1.6 million and $3.2 million, respectively. Amortization expense for the Company’s definite-lived intangible assets for the three and six months ended December 31, 2022 was $1.6 million and $3.3 million, respectively. As of December 30, 2023, the expected amortization expense for intangible assets is as follows:
| Amortization Expense
| (millions)
Remainder of fiscal 2024 | $ | 3.3 |
Fiscal 2025 | 6.5 |
Fiscal 2026 | 6.5 |
Fiscal 2027 | 6.5 |
Fiscal 2028 | 6.5 |
Thereafter | 17.8 |
Total | $ | 47.1 |
The expected amortization expense above reflects remaining useful lives ranging from approximately 6.2 to 8.5 years for customer relationships.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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