XML 34 R37.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Stock-based Compensation (Tables) | 9 Months Ended
--- | ---
Dec. 27, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Summary of the total compensation expense and the associated income tax benefits recognized related to stock-based compensation arrangements | A summary of the total compensation expense and the associated income tax benefits recognized related to stock-based compensation arrangements is as follows:
|  | Three Months Ended |  | Nine Months Ended |
|  | December 27, 2014 |  | December 28, 2013 |  | December 27, 2014 |  | December 28, 2013 |
|  | (millions) |
Compensation expense |  | $ | 18 |  |  | $ | 31 |  | (a) | $ | 60 |  |  | $ | 74 |  | (a)
Income tax benefit |  | $ | (7 | ) |  | $ | (11 | ) |  | $ | (23 | ) |  | $ | (27 | ) |
(a) | Includes approximately $10 million of accelerated stock-based compensation expense recorded within restructuring and other charges in the Company's unaudited interim consolidated statements of income during the three-month and nine-month periods ended December 28, 2013 (see Note 9). All other stock-based compensation expense is recorded within SG&A expenses.
Weighted average assumptions used to estimate the fair value of stock options granted | The Company's weighted average assumptions used to estimate the fair value of stock options granted during the nine months ended December 27, 2014 and December 28, 2013 were as follows:
|  | Nine Months Ended
|  | December 27, 2014 |  | December 28, 2013
Expected term (years) |  | 4.2 |  |  | 4.2 |
Expected volatility |  | 30.2 | % |  | 33.1 | %
Expected dividend yield |  | 1.10 | % |  | 0.98 | %
Risk-free interest rate |  | 1.4 | % |  | 1.1 | %
Weighted-average option grant date fair value |  | $37.91 |  |  | $46.37 |
Summary of the stock option activity under all plans | A summary of stock option activity for the nine months ended December 27, 2014 is as follows:
|  | Number of Options
|  | (thousands)
Options outstanding at March 29, 2014 |  | 3,026 |
Granted |  | 852 |
Exercised |  | (490 | )
Cancelled/Forfeited |  | (102 | )
Options outstanding at December 27, 2014 |  | 3,286 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share Based Payment Award Performance Stock Units With Market Condition Valuation Assumptions [Table Text Block] | The weighted average assumptions used to estimate the fair value of performance-based RSUs with a TSR modifier granted during the nine-month periods ended December 27, 2014 and December 28, 2013 were as follows:
|  | Nine Months Ended
|  | December 27, 2014 |  | December 28, 2013
Expected term (years) |  | 3.0 |  |  | 2.9 |
Expected volatility |  | 29.8 | % |  | 32.6 | %
Expected dividend yield |  | 1.09 | % |  | 0.98 | %
Risk-free interest rate |  | 0.9 | % |  | 0.4 | %
Weighted-average grant date fair value per share |  | $169.47 |  |  | $169.14 |
Restricted Stock And Service Based Restricted Stock Units [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of restricted stock and restricted stock unit activity | A summary of restricted stock and service-based RSU activity during the nine months ended December 27, 2014 is as follows:
|  | Number of Shares
|  | Restricted Stock |  | Service-based RSUs
|  | (thousands)
Nonvested at March 29, 2014 |  | 5 |  |  | 7 |
Granted |  | 3 |  |  | 24 |
Vested |  | (3 | ) |  | (3 | )
Nonvested at December 27, 2014 |  | 5 |  |  | 28 |
Performance Shares [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of restricted stock and restricted stock unit activity | A summary of performance-based RSU activity during the nine months ended December 27, 2014 is as follows:
|  | Number of Shares
|  | Performance-based RSUs — without TSR Modifier |  | Performance-based RSUs — with TSR Modifier
|  | (thousands)
Nonvested at March 29, 2014 |  | 798 |  |  | 145 |
Granted |  | 303 |  |  | 79 |
Change due to performance/market conditions achievement |  | 83 |  |  | — |
Vested |  | (422 | ) |  | — |
Forfeited |  | (55 | ) |  | (9 | )
Nonvested at December 27, 2014 |  | 707 |  |  | 215 |

X
- Definition Tabular disclosure of significant assumptions used to estimate the fair value of performance-based restricted stock units with a market condition, including but not limited to:(a) expected term, (b) expected volatility, (c) expected dividends and (d) risk-free rate. + References No definition available. + Details
Name: | rl_ScheduleOfShareBasedPaymentAwardPerformanceStockUnitsWithMarketConditionValuationAssumptionsTableTextBlock
Namespace Prefix: | rl_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=rl_RestrictedStockAndServiceBasedRestrictedStockUnitsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_PerformanceSharesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |