Goodwill and Other Intangible Assets

12 Months Ended

Mar. 28, 2015

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 2015 and Fiscal 2014:



	Wholesale			Retail			Licensing			Total
	(millions)
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
Foreign currency translation	(46		)	(10		)	(5		)	(61		)
Balance at March 28, 2015	$	571		$	200		$	132		$	903

Based on the results of the Company's annual goodwill impairment testing in Fiscal 2015, Fiscal 2014, and Fiscal 2013, no impairment charges were recorded.

Other Intangible Assets

Other intangible assets consist of the following:



	March 28, 2015							March 29, 2014
	Gross Carrying Amount		Accum. Amort.			Net		Gross Carrying Amount		Accum. Amort.			Net
	(millions)
Intangible assets subject to amortization:
Re-acquired licensed trademarks	$	230	$	(112	)	$	118	$	234	$	(109	)	$	125
Customer relationships	247		(120		)	127		261		(112		)	149
Other	28		(13		)	15		29		(11		)	18
Total intangible assets subject to amortization	505		(245		)	260		524		(232		)	292
Intangible assets not subject to amortization:
Trademarks and brands	7		N/A			7		7		N/A			7
Total intangible assets	$	512	$	(245	)	$	267	$	531	$	(232	)	$	299

Amortization

Based on the balance of the Company's intangible assets subject to amortization as of March 28, 2015, the expected amortization expense for each of the next five fiscal years and thereafter is as follows:



	Amortization Expense
	(millions)
Fiscal 2016	$	24
Fiscal 2017	24
Fiscal 2018	24
Fiscal 2019	24
Fiscal 2020	23
Fiscal 2021 and thereafter	141
Total	$	260

The expected future amortization expense above reflects weighted-average estimated useful lives of 14.5 years for re-acquired licensed trademarks, 10.3 years for customer relationships, and 12.4 years for the Company's total finite-lived intangible assets in total.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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