XML 51 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Mar. 29, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
The following table details the changes in goodwill for each of the Company's reportable segments during Fiscal 2014 and Fiscal 2013:
 
 
Wholesale
 
Retail
 
Licensing
 
Total
 
 
(millions)
Balance at March 31, 2012
 
$
635

 
$
223

 
$
146

 
$
1,004

Foreign currency translation
 
(21
)
 
(9
)
 
(6
)
 
(36
)
Balance at March 30, 2013
 
614

 
214

 
140

 
968

Foreign currency translation
 
3

 
(4
)
 
(3
)
 
(4
)
Balance at March 29, 2014
 
$
617

 
$
210

 
$
137

 
$
964
Other Intangible Assets
Other intangible assets consist of the following:
 
 
March 29, 2014
 
March 30, 2013
 
 
 
Gross Carrying Amount
 
Accum. Amort.
 
Net
 
Gross Carrying Amount
 
Accum. Amort.
 
Net
 
 
 
(millions)
 
Intangible assets subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
Re-acquired licensed trademarks
 
$
234

 
$
(109
)
 
$
125

 
$
228

 
$
(94
)
 
$
134

 
Customer relationships
 
261

 
(112
)
 
149

 
265

 
(99
)
 
166

 
Other
 
29

 
(11
)
 
18

 
30

 
(9
)
 
21

(a) 
 Total intangible assets subject to amortization
 
524

 
(232
)
 
292

 
523

 
(202
)
 
321

 
Intangible assets not subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks and brands
 
7

 
N/A

 
7

 
7

 
N/A

 
7

(a) 
Total intangible assets
 
$
531

 
$
(232
)
 
$
299

 
$
530

 
$
(202
)
 
$
328

 
 
(a) 
Includes $2 million of impairment charges related to the write-off of certain intangible assets in connection with the Rugby Closure Plan (see Notes 11 and 12).
Amortization
Based on the balance of the Company's intangible assets subject to amortization as of March 29, 2014, the expected amortization for each of the next five fiscal years and thereafter is as follows:
 
 
Amortization Expense
 
 
(millions)
Fiscal 2015
 
$
26

Fiscal 2016
 
26

Fiscal 2017
 
25

Fiscal 2018
 
25

Fiscal 2019
 
24

Fiscal 2020 and thereafter
 
166

Total
 
$
292