Segment Information (Tables)

12 Months Ended

Apr. 02, 2016

Segment Reporting Information [Line Items]

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.

Net operating income by segment

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	)

Depreciation and amortization by segment

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

Schedule of Capital Expenditures, by Segment



	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

Reconciliation of Assets from Segment to Consolidated

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

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.

Unallocated amount to segment [Member]

Segment Reporting Information [Line Items]

Schedule of restructuring and related costs

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	)