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SEGMENT INFORMATION | 6 Months Ended
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Dec. 30, 2023
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION The Company has three reportable segments: •Coach - Includes global sales primarily 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 operating profit of these segments. Segment operating profit is the gross profit of the segment less direct expenses of the segment. The following table summarizes net sales of each of the company's segments for the three and six months ended December 30, 2023 and December 31, 2022:
| Three Months Ended |  | Six Months Ended |  |
| December 30, 2023 |  | December 31, 2022 |  | December 30, 2023 |  | December 31, 2022 |  |
| (millions) |  |
Segment net sales: |  |  |  |  |  |  |  |  |
Coach | $ | 1,541.9 |  |  | $ | 1,449.7 |  |  | $ | 2,699.3 |  |  | $ | 2,569.0 |  |  |
Kate Spade | 460.4 |  |  | 490.3 |  | 763.6 |  |  | 812.2 |  |  |
Stuart Weitzman | 82.2 |  |  | 85.4 |  | 134.8 |  |  | 150.7 |  |
Total Net sales: | $ | 2,084.5 |  |  | $ | 2,025.4 |  |  | $ | 3,597.7 |  |  | $ | 3,531.9 |  |  |
The following table summarizes segment operating profit of each of the company's segments and reconciliation to Income (loss) before provision for income taxes for the three and six months ended December 30, 2023 and December 31, 2022:
| Three Months Ended |  | Six Months Ended |  |
| December 30, 2023 |  | December 31, 2022 |  | December 30, 2023 |  | December 31, 2022 |  |
| (millions) |  |
Segment operating profit: |  |  |  |  |  |  |  |  |
Coach | $ | 528.3 |  |  | $ | 453.2 |  |  | $ | 899.6 |  |  | $ | 792.4 |  |  |
Kate Spade | 72.1 |  |  | 69.0 |  | 98.7 |  |  | 92.2 |  |
Stuart Weitzman | 1.4 |  |  | 0.7 |  |  | (7.2) |  |  | (4.4) |  |  |
Total segment operating profit: | $ | 601.8 |  |  | $ | 522.9 |  |  | $ | 991.1 |  |  | $ | 880.2 |  |  |
Unallocated corporate expenses(1) | 154.2 |  |  | 104.7 |  |  | 290.3 |  |  | 207.7 |  |  |
Unallocated other charges, net(2) | 44.5 |  |  | 1.3 |  |  | 59.2 |  |  | 19.4 |  |  |
Income (loss) before provision for income taxes | $ | 403.1 |  |  | $ | 416.9 |  |  | $ | 641.6 |  |  | $ | 653.1 |  |  |
The following table summarizes depreciation and amortization expense of each of the company's segments for the three and six months ended December 30, 2023 and December 31, 2022:
| Three Months Ended |  | Six Months Ended |  |
| December 30, 2023 |  | December 31, 2022 |  | December 30, 2023 |  | December 31, 2022 |  |
| (millions) |  |
Depreciation and amortization expense(3): |  |  |  |  |  |  |  |  |
Coach | $ | 20.9 |  |  | $ | 24.7 |  |  | $ | 43.9 |  |  | $ | 47.0 |  |  |
Kate Spade | 9.5 |  |  | 11.2 |  | 19.3 |  |  | 22.3 |  |
Stuart Weitzman | 2.5 |  |  | 2.7 |  | 5.3 |  |  | 5.1 |  |
Unallocated corporate(1) | 8.6 |  |  | 6.2 |  |  | 17.3 |  |  | 14.2 |  |  |
Total Depreciation and amortization expense: | $ | 41.5 |  |  | $ | 44.8 |  |  | $ | 85.8 |  |  | $ | 88.6 |  |  |
(1) Corporate, which is not a reportable segment, represents certain costs that are not directly attributable to a segment. These costs primarily include administration and certain costs for information systems. (2) Includes Interest expense, net and Other expense (income). (3) 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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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