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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.