XML 26 R48.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment Information (Tables) | 12 Months Ended
--- | ---
Mar. 29, 2014
Segment Reporting [Abstract] |
Net revenues by segment | Net revenues for each of the Company's reportable segments are as follows:
|  | Fiscal Years Ended
|  | March 29, 2014 |  | March 30, 2013 |  | March 31, 2012
|  | (millions)
Net revenues: |  |  |  |  |  |
Wholesale |  | $ | 3,486 |  |  | $ | 3,138 |  |  | $ | 3,247 |
Retail |  | 3,798 |  |  | 3,625 |  |  | 3,432 |
Licensing |  | 166 |  |  | 182 |  |  | 181 |
Total net revenues(a) |  | $ | 7,450 |  |  | $ | 6,945 |  |  | $ | 6,860 |
(a) | The Company's sales to its largest wholesale customer, Macy's, accounted for approximately 12% of its total net revenues in Fiscal 2014 and Fiscal 2013, and approximately 10% of its total net revenues in Fiscal 2012.
Net operating income by segment | Operating income for each of the Company's reportable segments, which has been recast to reflect the fourth quarter Fiscal 2014 change in segment measurement, is as follows:
|  | Fiscal Years Ended
|  | March 29, 2014 |  | March 30, 2013 |  | March 31, 2012
|  | (millions)
Operating income: |  |  |  |  |  |
Wholesale(a) |  | $ | 963 |  |  | $ | 903 |  |  | $ | 835 |
Retail(b) |  | 572 |  |  | 615 |  |  | 553 |
Licensing(c) |  | 150 |  |  | 152 |  |  | 149 |
|  | 1,685 |  |  | 1,670 |  |  | 1,537 |
Unallocated corporate expenses |  | (553 | ) |  | (531 | ) |  | (486 | )
Gain on acquisition of Chaps(d) |  | 16 |  |  | — |  |  | — |
Unallocated restructuring and other charges, net(e) |  | (18 | ) |  | (12 | ) |  | (12 | )
Total operating income |  | $ | 1,130 |  |  | $ | 1,127 |  |  | $ | 1,039 |
(a) | During Fiscal 2014 and Fiscal 2013, the Company recorded non-cash impairment charges of approximately $1 million and $2 million, respectively, to write-off certain fixed assets related to its European wholesale operations. See Note 11 for additional information.
(b) | During Fiscal 2013, the Company recorded non-cash asset impairment charges of $15 million to write down certain long-lived assets, primarily in connection with the Rugby Closure Plan and certain underperforming stores in Europe. Fiscal 2012 included asset impairment charges of $2 million primarily to reduce the net carrying values of certain retail stores' long-lived assets to their estimated fair values. See Notes 11 and 12 for additional information.
(c) | During Fiscal 2013, the Company recorded non-cash asset impairment charges of $2 million related to the write-off of certain intangible assets in connection with the Rugby Closure Plan. See Notes 11 and 12 for additional information.
(d) | See Note 5 for further discussion of the gain on acquisition of Chaps.
(e) | The fiscal years presented included certain unallocated restructuring and other charges (See Note 12), which are detailed below:
|  | Fiscal Years Ended
|  | March 29, 2014 |  | March 30, 2013 |  | March 31, 2012
|  | (millions)
Restructuring and other charges, net: |  |  |  |  |  |
Restructuring charges, net: |  |  |  |  |  |
Wholesale-related |  | $ | — |  |  | $ | (1 | ) |  | $ | (5 | )
Retail-related |  | — |  |  | (10 | ) |  | (6 | )
Corporate operations-related |  | (8 | ) |  | (1 | ) |  | (1 | )
Unallocated restructuring charges, net |  | (8 | ) |  | (12 | ) |  | (12 | )
Other charges(a) |  | (10 | ) |  | — |  |  | — |
Total unallocated restructuring and other charges, net |  | $ | (18 | ) |  | $ | (12 | ) |  | $ | (12 | )
(a) | See Note 12 for a description of accelerated stock-based compensation expense recorded during Fiscal 2014.
The following table summarizes the Company's quarterly reportable segment operating income, which has been recast to reflect the fourth quarter Fiscal 2014 change in segment measurement, for the first three quarters of Fiscal 2014.
|  | Three Months Ended
|  | June 29, 2013 |  | September 28, 2013 |  | December 28, 2013
|  | (millions)
Operating income: |  |  |  |  |  |
Wholesale |  | 207 |  |  | 243 |  |  | 217 |
Retail |  | 165 |  |  | 135 |  |  | 221 |
Licensing |  | 35 |  |  | 40 |  |  | 40 |
|  | 407 |  |  | 418 |  |  | 478 |
Unallocated corporate expenses |  | (147 | ) |  | (121 | ) |  | (130 | )
Gain on acquisition of Chaps(a) |  | 16 |  |  | — |  |  | — |
Unallocated restructuring and other charges, net(b) |  | — |  |  | (2 | ) |  | (14 | )
Total operating income |  | 276 |  |  | 295 |  |  | 334 |
(a) | See Note 5 for further discussion of the gain on acquisition of Chaps.
(b) | Primarily includes severance and benefit costs associated with restructuring of the Company's corporate operations, as well as $10 million of accelerated stock-based compensation expense recorded during the three months ended December 28, 2013 (see Note 12).
Segment Reporting Information [Line Items] |
Depreciation and amortization by segment | The following tables summarize the Company's depreciation and amortization expense and capital expenditures for each of its reportable segments, which have been recast to reflect the fourth quarter Fiscal 2014 change in segment measurement, with no impact on total costs:
|  | Fiscal Years Ended
|  | March 29, 2014 |  | March 30, 2013 |  | March 31, 2012
|  | (millions)
Depreciation and amortization: |  |  |  |  |  |
Wholesale |  | $ | 66 |  |  | $ | 67 |  |  | $ | 64 |
Retail |  | 125 |  |  | 116 |  |  | 115 |
Licensing |  | — |  |  | 2 |  |  | 1 |
Unallocated corporate |  | 67 |  |  | 48 |  |  | 45 |
Total depreciation and amortization |  | $ | 258 |  |  | $ | 233 |  |  | $ | 225 |
Schedule of Capital Expenditures, by Segment |
|  | Fiscal Years Ended
|  | March 29, 2014 |  | March 30, 2013 |  | March 31, 2012
|  | (millions)
Capital expenditures: |  |  |  |  |  |
Wholesale |  | $ | 53 |  |  | $ | 39 |  |  | $ | 83 |
Retail |  | 252 |  |  | 158 |  |  | 135 |
Licensing |  | 1 |  |  | — |  |  | — |
Unallocated corporate |  | 84 |  |  | 79 |  |  | 54 |
Total capital expenditures |  | $ | 390 |  |  | $ | 276 |  |  | $ | 272 |
Reconciliation of Assets from Segment to Consolidated | The following table summarizes total assets for each of the Company's reportable segments, which have been recast to reflect the fourth quarter Fiscal 2014 change in segment measurement, with no impact on the Company's total assets:
|  | March 29, 2014 |  | March 30, 2013
|  | (millions)
Total assets: |  |  |  |
Wholesale |  | $ | 2,663 |  |  | $ | 2,166 |
Retail |  | 2,334 |  |  | 1,921 |
Licensing |  | 198 |  |  | 229 |
Corporate |  | 895 |  |  | 1,102 |
Total assets |  | $ | 6,090 |  |  | $ | 5,418 |
Net revenues and long-lived assets by geographic location | Net revenues and long-lived assets by geographic location of the reporting subsidiary are as follows:
|  | Fiscal Years Ended
|  | March 29, 2014 |  | March 30, 2013 |  | March 31, 2012
|  | (millions)
Net revenues: |  |  |  |  |  |
The Americas(a),(b) |  | $ | 4,983 |  |  | $ | 4,586 |  |  | $ | 4,403 |
Europe(a) |  | 1,580 |  |  | 1,447 |  |  | 1,487 |
Asia(c) |  | 887 |  |  | 912 |  |  | 970 |
Total net revenues |  | $ | 7,450 |  |  | $ | 6,945 |  |  | $ | 6,860 |
|  | March 29, 2014 |  | March 30, 2013
|  | (millions)
Long-lived assets: |  |  |  |
The Americas(a),(b) |  | $ | 966 |  |  | $ | 582 |
Europe(a) |  | 172 |  |  | 182 |
Asia(c) |  | 184 |  |  | 168 |
Total long-lived assets |  | $ | 1,322 |  |  | $ | 932 |
(a) | Net revenues and long-lived assets for certain of the Company's licensed operations are included within the geographic location of the reporting subsidiary which holds the respective license.
(b) | Includes the U.S., Canada, and Latin America. Net revenues earned in the U.S. during Fiscal 2014, Fiscal 2013, and Fiscal 2012 were $4.744 billion, $4.388 billion, and $4.273 billion, respectively. Long-lived assets located in the U.S. were $948 million and $567 million as of March 29, 2014 and March 30, 2013, respectively.
(c) | Includes Australia, China, Hong Kong, Japan, Macau, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.
Unallocated amount to segment [Member] |
Segment Reporting Information [Line Items] |
Schedule of restructuring and related costs | The fiscal years presented included certain unallocated restructuring and other charges (See Note 12), which are detailed below:
|  | Fiscal Years Ended
|  | March 29, 2014 |  | March 30, 2013 |  | March 31, 2012
|  | (millions)
Restructuring and other charges, net: |  |  |  |  |  |
Restructuring charges, net: |  |  |  |  |  |
Wholesale-related |  | $ | — |  |  | $ | (1 | ) |  | $ | (5 | )
Retail-related |  | — |  |  | (10 | ) |  | (6 | )
Corporate operations-related |  | (8 | ) |  | (1 | ) |  | (1 | )
Unallocated restructuring charges, net |  | (8 | ) |  | (12 | ) |  | (12 | )
Other charges(a) |  | (10 | ) |  | — |  |  | — |
Total unallocated restructuring and other charges, net |  | $ | (18 | ) |  | $ | (12 | ) |  | $ | (12 | )
(a) | See Note 12 for a description of accelerated stock-based compensation expense recorded during Fiscal 2014.

X
- Definition Schedule of restructuring and other costs recorded within Corporate, by segment to which such activity relates. + References No definition available. + Details
Name: | rl_RestructuringandothercostsTableTextBlock
Namespace Prefix: | rl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition [Table Text Block] for A schedule of registrant's capital expenditures, including capital expenditures attributable to each of its reportable segments. + References No definition available. + Details
Name: | rl_ScheduleOfCapitalExpenduturesBySegmentTableTextBlock
Namespace Prefix: | rl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition This element is used to capture complete disclosure about depreciation and amortization expense for each reportable segment, as a single block of text. + References No definition available. + Details
Name: | rl_ScheduleOfDepreciationAndAmortizationBySegmentTableTextBlock
Namespace Prefix: | rl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration