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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Dec. 30, 2023

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:

			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.

Schedule of Indefinite-Lived 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

Schedule of Finite-Lived 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

Schedule of Expected Amortization Expense

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

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