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Segment Information
 12 Months Ended
Apr. 02, 2016
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 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 and suppliers. 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, 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 for each of the Company's reportable segments are as follows:
 
 
Fiscal Years Ended
 
 
April 2,
2016
 
March 28,
2015
 
March 29,
2014
 
 
(millions)
Net revenues:
 
 
 
 
 
 
Wholesale
 
$
3,297

 
$
3,495

 
$
3,486

Retail
 
3,933

 
3,956

 
3,798

Licensing
 
175

 
169

 
166

Total net revenues(a)
 
$
7,405

 
$
7,620

 
$
7,450


 
(a) 
The Company's sales to its largest wholesale customer, Macy's, accounted for approximately 11% of its total net revenues in Fiscal 2016 and approximately 12% of its total net revenues in each of Fiscal 2015 and Fiscal 2014.
Operating income for each of the Company's reportable segments is as follows:
 
 
Fiscal Years Ended
 
 
April 2,
2016
 
March 28,
2015
 
March 29,
2014
 
 
(millions)
Operating income:
 
 
 
 
 
 
Wholesale(a)
 
$
822

 
$
943

 
$
963

Retail(b)
 
359

 
527

 
572

Licensing
 
155

 
152

 
150

 
 
1,336

 
1,622

 
1,685

Unallocated corporate expenses
 
(611
)
 
(577
)
 
(553
)
Gain on acquisition of Chaps(c)
 
—

 
—

 
16

Unallocated restructuring and other charges(d)
 
(143
)
 
(10
)
 
(18
)
Total operating income
 
$
582

 
$
1,035

 
$
1,130



(a) 
During Fiscal 2016, the Company recorded non-cash impairment charges of $6 million, primarily to write off certain fixed assets related to its shop-within-shops in connection with the Global Reorganization Plan. During Fiscal 2014, the Company recorded non-cash impairment charges of $1 million, primarily to write off certain fixed assets related to its European wholesale operations. See Notes 10 and 11 for additional information.
(b) 
During Fiscal 2016, the Company recorded non-cash impairment charges of $43 million, 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 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. See Notes 10 and 11 for additional information.
(c) 
See Note 5 for a description of the gain on acquisition of Chaps recorded during Fiscal 2014.
(d) 
The fiscal years presented included certain unallocated restructuring and other charges (see Note 11), which are detailed below:
 
 
 
Fiscal Years Ended
 
 
 
April 2,
2016
 
March 28,
2015
 
March 29,
2014
 
 
 
(millions)
 
Restructuring and other charges:
 
 
 
 
 
 
 
Restructuring charges:
 
 
 
 
 
 
 
Wholesale-related
 
$
(13
)
 
$
(4
)
 
$
—

 
Retail-related
 
(27
)
 
(4
)
 
—

 
Licensing-related
 
(1
)
 
—

 
—

 
Corporate operations-related
 
(54
)
 
(2
)
 
(8
)
 
Unallocated restructuring charges
 
(95
)
 
(10
)
 
(8
)
 
Other charges (see Note 11)
 
(48
)
 
—

 
(10
)
 
Total unallocated restructuring and other charges
 
$
(143
)
 
$
(10
)
 
$
(18
)


The following tables summarize the Company's depreciation and amortization expense and capital expenditures for each of its reportable segments:
 
 
Fiscal Years Ended
 
 
April 2,
2016
 
March 28,
2015
 
March 29,
2014
 
 
(millions)
Depreciation and amortization:
 
 
 
 
 
 
Wholesale
 
$
61

 
$
66

 
$
66

Retail
 
157

 
154

 
125

Licensing
 
1

 
—

 
—

Unallocated corporate
 
91

 
74

 
67

Total depreciation and amortization
 
$
310

 
$
294

 
$
258


 
 
Fiscal Years Ended
 
 
April 2,
2016
 
March 28,
2015
 
March 29,
2014
 
 
(millions)
Capital expenditures:
 
 
 
 
 
 
Wholesale
 
$
43

 
$
48

 
$
53

Retail
 
173

 
237

 
252

Licensing
 
4

 
4

 
1

Unallocated corporate
 
198

 
102

 
84

Total capital expenditures
 
$
418

 
$
391

 
$
390


The following table summarizes total assets for each of the Company's reportable segments:
 
 
April 2,
2016
 
March 28,
2015
 
 
(millions)
Total assets:
 
 
 
 
Wholesale
 
$
2,569

 
$
2,643

Retail
 
2,540

 
2,395

Licensing
 
188

 
197

Corporate
 
916

 
871

Total assets
 
$
6,213

 
$
6,106


Net revenues and long-lived assets by geographic location of the reporting subsidiary are as follows:
 
 
Fiscal Years Ended
 
 
April 2,
2016
 
March 28,
2015
 
March 29,
2014
 
 
(millions)
Net revenues(a):
 
 
 
 
 
 
The Americas(b)
 
$
4,938

 
$
5,077

 
$
4,983

Europe(c) 
 
1,573

 
1,627

 
1,580

Asia(d) 
 
894

 
916

 
887

Total net revenues
 
$
7,405

 
$
7,620

 
$
7,450


 
 
April 2,
2016
 
March 28,
2015
 
 
(millions)
Long-lived assets(a):
 
 
 
 
The Americas(b)
 
$
1,206

 
$
1,106

Europe(c) 
 
212

 
148

Asia(d) 
 
165

 
182

Total long-lived assets
 
$
1,583

 
$
1,436

 
(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 $4.688 billion, $4.827 billion, and $4.744 billion in Fiscal 2016, Fiscal 2015, and Fiscal 2014, respectively. Long-lived assets located in the U.S. were $1.160 billion and $1.069 billion as of April 2, 2016 and March 28, 2015, respectively.
(c) 
Includes the Middle East.
(d) 
Includes Australia and New Zealand.