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Segment Information
 12 Months Ended
Mar. 28, 2015
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 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, concession-based shop-within-shops, and 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 geographical 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, most notably the Company's executive office, information technology, finance and accounting, human resources, and legal departments, remain at corporate. Additionally, other costs that cannot be allocated to the segments based on specific usage are also maintained at corporate, including corporate advertising and marketing expenses, depreciation and amortization of corporate assets, and other general and administrative expenses resulting from corporate-level activities and projects.
Net revenues for each of the Company's reportable segments are as follows:
 
 
Fiscal Years Ended
 
 
March 28,
2015
 
March 29,
2014
 
March 30,
2013
 
 
(millions)
Net revenues:
 
 
 
 
 
 
Wholesale
 
$
3,495

 
$
3,486

 
$
3,138

Retail
 
3,956

 
3,798

 
3,625

Licensing
 
169

 
166

 
182

Total net revenues(a)
 
$
7,620

 
$
7,450

 
$
6,945


 
(a) 
The Company's sales to its largest wholesale customer, Macy's, accounted for approximately 12% of its total net revenues in each of Fiscal 2015, Fiscal 2014, and Fiscal 2013.
Operating income for each of the Company's reportable segments is as follows:
 
 
Fiscal Years Ended
 
 
March 28,
2015
 
March 29,
2014
 
March 30,
2013
 
 
(millions)
Operating income:
 
 
 
 
 
 
Wholesale(a)
 
$
943

 
$
963

 
$
903

Retail(b)
 
527

 
572

 
615

Licensing(c)
 
152

 
150

 
152

 
 
1,622

 
1,685

 
1,670

Unallocated corporate expenses
 
(577
)
 
(553
)
 
(531
)
Gain on acquisition of Chaps(d)
 
—

 
16

 
—

Unallocated restructuring and other charges(e)
 
(10
)
 
(18
)
 
(12
)
Total operating income
 
$
1,035

 
$
1,130

 
$
1,127



(a) 
During Fiscal 2014 and Fiscal 2013, the Company recorded non-cash impairment charges of $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 2015, the Company recorded non-cash impairment charges of $7 million, primarily to write off certain fixed assets related to its domestic and international retail stores. During Fiscal 2013, the Company recorded non-cash 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. See Notes 11 and 12 for additional information.
(c) 
During Fiscal 2013, the Company recorded non-cash 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 a description of the gain on acquisition of Chaps recorded during Fiscal 2014.
(e) 
The fiscal years presented included certain unallocated restructuring and other charges (See Note 12), which are detailed below:
 
 
 
Fiscal Years Ended
 
 
 
March 28,
2015
 
March 29,
2014
 
March 30,
2013
 
 
 
(millions)
 
Restructuring and other charges:
 
 
 
 
 
 
 
Restructuring charges:
 
 
 
 
 
 
 
Wholesale-related
 
$
(4
)
 
$
—

 
$
(1
)
 
Retail-related
 
(4
)
 
—

 
(10
)
 
Corporate operations-related
 
(2
)
 
(8
)
 
(1
)
 
Unallocated restructuring charges
 
(10
)
 
(8
)
 
(12
)
 
Other charges(a)
 
—

 
(10
)
 
—

 
Total unallocated restructuring and other charges
 
$
(10
)
 
$
(18
)
 
$
(12
)

 
 
(a) 
See Note 12 for a description of accelerated stock-based compensation expense recorded during Fiscal 2014.
The following tables summarize the Company's depreciation and amortization expense and capital expenditures for each of its reportable segments:
 
 
Fiscal Years Ended
 
 
March 28,
2015
 
March 29,
2014
 
March 30,
2013
 
 
(millions)
Depreciation and amortization:
 
 
 
 
 
 
Wholesale
 
$
66

 
$
66

 
$
67

Retail
 
154

 
125

 
116

Licensing
 
—

 
—

 
2

Unallocated corporate
 
74

 
67

 
48

Total depreciation and amortization
 
$
294

 
$
258

 
$
233


 
 
Fiscal Years Ended
 
 
March 28,
2015
 
March 29,
2014
 
March 30,
2013
 
 
(millions)
Capital expenditures:
 
 
 
 
 
 
Wholesale
 
$
48

 
$
53

 
$
39

Retail
 
237

 
252

 
158

Licensing
 
4

 
1

 
—

Unallocated corporate
 
102

 
84

 
79

Total capital expenditures
 
$
391

 
$
390

 
$
276


The following table summarizes total assets for each of the Company's reportable segments:
 
 
March 28,
2015
 
March 29,
2014
 
 
(millions)
Total assets:
 
 
 
 
Wholesale
 
$
2,643

 
$
2,663

Retail
 
2,395

 
2,334

Licensing
 
197

 
198

Corporate
 
871

 
893

Total assets
 
$
6,106

 
$
6,088


Net revenues and long-lived assets by geographic location of the reporting subsidiary are as follows:
 
 
Fiscal Years Ended
 
 
March 28,
2015
 
March 29,
2014
 
March 30,
2013
 
 
(millions)
Net revenues(a):
 
 
 
 
 
 
The Americas(b)
 
$
5,077

 
$
4,983

 
$
4,586

Europe(c) 
 
1,627

 
1,580

 
1,447

Asia(d)
 
916

 
887

 
912

Total net revenues
 
$
7,620

 
$
7,450

 
$
6,945


 
 
March 28,
2015
 
March 29,
2014
 
 
(millions)
Long-lived assets(a):
 
 
 
 
The Americas(b)
 
$
1,106

 
$
966

Europe(c) 
 
148

 
172

Asia(d) 
 
182

 
184

Total long-lived assets
 
$
1,436

 
$
1,322

 
(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. were $4.827 billion, $4.744 billion, and $4.388 billion in Fiscal 2015, Fiscal 2014, and Fiscal 2013, respectively. Long-lived assets located in the U.S. were $1.069 billion and $948 million as of March 28, 2015 and March 29, 2014, respectively.
(c) 
Includes the Middle East.
(d) 
Includes Australia and New Zealand.