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Segment Information | 12 Months Ended
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Mar. 29, 2014
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company has three reportable segments based on its business activities and organization: Wholesale, Retail, and Licensing. These segments offer a variety of products through different channels of distribution. The Wholesale segment consists of women's, men's, and children's apparel, accessories, home furnishings, and related products which are sold to major department stores, specialty stores, golf and pro shops, and the Company's owned, licensed, and franchised retail stores in the U.S. and overseas. The Retail segment consists of the Company's integrated worldwide retail operations, which sell products through its retail stores, its concession-based shop-within-shops, and its e-commerce sites, which are purchased from the Company's licensees, suppliers, and Wholesale segment. The Licensing segment generates revenues from royalties earned on the sale of the Company's apparel, home, and other products internationally and domestically through licensing alliances. The licensing agreements grant the licensees rights to use the Company's various trademarks in connection with the manufacture and sale of designated products in specified geographic areas for specified periods. The accounting policies of the Company's segments are consistent with those described in Notes 2 and 3. Sales and transfers between segments are generally recorded at cost and treated as transfers of inventory. All intercompany revenues, including such sales between segments, are eliminated in consolidation and are not reviewed when evaluating segment performance. Each segment's performance is evaluated based upon operating income before restructuring charges and certain other one-time items, such as legal charges, if any. Certain corporate overhead expenses related to global functions (including expenses for senior management, overall brand-related expenses, and certain other corporate-related expenses) remain at corporate, while others are allocated to the segments based upon specific usage or other allocation methods, as appropriate. 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.
During the fourth quarter of Fiscal 2014, the Company changed the manner in which it allocates certain costs for management reporting due to strategic changes it implemented to globalize certain functions that will position the Company for future growth. These changes included realigning certain costs between segments and retaining other costs at the corporate level for certain of the Company's global functions. Management believes these changes allow for a better representation of segment operations and are aligned with how segment performance is assessed. As a result of these changes, the Company determined that it is more appropriate to retain certain previously allocated corporate expenses within its unallocated corporate expenses. This expense realignment did not result in a change to the Company's reportable segments. All prior period segment information has been recast to reflect the change in the Company's segment measurement on a comparable basis. This recast had no impact on the Company's segment net revenues or on its consolidated financial statements in any fiscal period. 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).
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 |
|  | 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 |
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 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.

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: 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 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: 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 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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