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Segment Information
 6 Months Ended
Sep. 26, 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 to the Company's consolidated financial statements included in the Fiscal 2015 10-K. 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, largely 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 and operating income for each of the Company's reportable segments are as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 26,
2015
 
September 27,
2014
 
September 26,
2015
 
September 27,
2014
 
 
(millions)
Net revenues:
 
 
 
 
 
 
 
 
Wholesale
 
$
927

 
$
943

 
$
1,569

 
$
1,651

Retail
 
996

 
1,006

 
1,931

 
1,966

Licensing
 
47

 
45

 
88

 
85

Total net revenues
 
$
1,970

 
$
1,994

 
$
3,588

 
$
3,702



 
 
Three Months Ended
 
Six Months Ended
 
 
September 26,
2015
 
September 27,
2014
 
September 26,
2015
 
September 27,
2014
 
 
(millions)
Operating income:
 
 
 
 
 
 
 
 
Wholesale(a)
 
$
247

 
$
247

 
$
384

 
$
427

Retail(b)
 
123

 
137

 
233

 
305

Licensing
 
42

 
42

 
78

 
78

 
 
412

 
426

 
695

 
810

Unallocated corporate expenses
 
(151
)
 
(138
)
 
(304
)
 
(274
)
Unallocated restructuring and other charges(c)
 
(31
)
 
(2
)
 
(65
)
 
(6
)
Total operating income
 
$
230

 
$
286

 
$
326

 
$
530


 
(a) 
During the three-month and six-month periods ended September 26, 2015, the Company recorded non-cash impairment charges of $2 million and $5 million, respectively, primarily to write off certain fixed assets related to its shop-within-shops in connection with the Global Reorganization Plan. During the six-month period ended September 27, 2014, the Company recorded non-cash impairment charges of $1 million, primarily to write off certain fixed assets related to its European operations. See Notes 8 and 9 for additional information.
(b) 
During the three-month and six-month periods ended September 26, 2015, the Company recorded non-cash impairment charges of $5 million and $10 million, respectively, primarily to write off certain fixed assets related to its stores and concession-based shop-within-shops in connection with the Global Reorganization Plan. During both the three-month and six-month periods ended September 27, 2014, the Company recorded non-cash impairment charges of $1 million, primarily to write off certain fixed assets related its domestic retail stores. See Notes 8 and 9 for additional information.
(c) 
The three-month and six-month periods ended September 26, 2015 and September 27, 2014 included certain unallocated restructuring and other charges (see Note 9), which are detailed below:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
September 26,
2015
 
September 27,
2014
 
September 26,
2015
 
September 27,
2014
 
 
 
(millions)
 
Unallocated restructuring and other
   charges:
 
 
 
 
 
 
 
 
 
Wholesale-related
 
$
(2
)
 
$
(1
)
 
$
(10
)
 
$
(3
)
 
Retail-related
 
(8
)
 
(1
)
 
(19
)
 
(3
)
 
Licensing-related
 
—

 
—

 
(1
)
 
—

 
Corporate operations-related
 
(9
)
 
—

 
(23
)
 
—

 
Unallocated restructuring charges
 
(19
)
 
(2
)
 
(53
)
 
(6
)
 
Other charges (see Note 9)
 
(12
)
 
—

 
(12
)
 
—

 
Total unallocated restructuring and other
   charges
 
$
(31
)
 
$
(2
)
 
$
(65
)
 
$
(6
)

Depreciation and amortization expense for the Company's segments is as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 26,
2015
 
September 27,
2014
 
September 26,
2015
 
September 27,
2014
 
 
(millions)
Depreciation and amortization:
 
 
 
 
 
 
 
 
Wholesale
 
$
15

 
$
17

 
$
30

 
$
34

Retail
 
39

 
37

 
78

 
71

Unallocated corporate expenses
 
23

 
18

 
43

 
36

Total depreciation and amortization
 
$
77

 
$
72

 
$
151

 
$
141


Net revenues by geographic location of the reporting subsidiary are as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 26,
2015
 
September 27,
2014
 
September 26,
2015
 
September 27,
2014
 
 
(millions)
Net revenues(a):
 
 
 
 
 
 
 
 
The Americas(b)
 
$
1,319

 
$
1,309

 
$
2,398

 
$
2,448

Europe(c)
 
431

 
452

 
764

 
812

  Asia(d)
 
220

 
233

 
426

 
442

Total net revenues
 
$
1,970

 
$
1,994

 
$
3,588

 
$
3,702

 
(a) 
Net revenues 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 the three-month and six-month periods ended September 26, 2015 were $1.247 billion and $2.276 billion, respectively, and $1.246 billion and $2.330 billion during the three-month and six-month periods ended September 27, 2014, respectively.
(c) 
Includes the Middle East.
(d) 
Includes Australia and New Zealand.