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Restructuring and Other Charges | 9 Months Ended
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Dec. 26, 2015
Restructuring and Related Activities [Abstract] |
Restructuring and Other Charges | Restructuring and Other Charges A description of significant restructuring and other activities and related costs is included below. Fiscal 2016 Global Reorganization Plan On May 12, 2015, the Company's Board of Directors approved a reorganization and restructuring plan comprised of the following major actions: (i) the reorganization of the Company from its current channel and regional structure to an integrated global brand-based operating structure, which will streamline the Company's business processes to better align its cost structure with its long-term growth strategy; (ii) a strategic store and shop-within-shop performance review conducted by region and brand; (iii) a targeted corporate functional area review; and (iv) the consolidation of certain of the Company's luxury lines (collectively, the "Global Reorganization Plan"). The Global Reorganization Plan will result in a reduction in workforce and, once the performance review is complete, the closure of certain stores and shop-within-shops. The Global Reorganization Plan is expected to be substantially implemented during the course of Fiscal 2017. The Company currently expects to incur total estimated charges of approximately $120 million to $150 million in connection with the Global Reorganization Plan, comprised of cash-related restructuring charges totaling approximately $85 million to $100 million and non-cash charges totaling approximately $35 million to $50 million. The Company's assessment of restructuring-related activities is still ongoing and incremental charges beyond this range may be incurred. A summary of the charges recorded in connection with the Global Reorganization Plan during the three-month and nine-month periods ended December 26, 2015 is as follows:
|  | December 26, 2015
|  | Three Months Ended |  | Nine Months Ended
|  | (millions)
Cash-related restructuring charges: |  |  |  |
Severance and benefit costs |  | $ | 11 |  |  | $ | 49 |
Lease termination and store closure costs |  | — |  |  | 7 |
Other cash charges(a) |  | 3 |  |  | 11 |
Total cash-related restructuring charges |  | 14 |  |  | 67 |
Non-cash charges: |  |  |  |
Impairment of assets (see Note 8) |  | 9 |  |  | 24 |
Accelerated stock-based compensation expense(b) |  | 9 |  |  | 9 |
Inventory-related charges(c) |  | 10 |  |  | 13 |
Total non-cash charges |  | 28 |  |  | 46 |
Total charges |  | $ | 42 |  |  | $ | 113 |
(a) | Other cash charges primarily consisted of consulting fees recorded in connection with the Global Reorganization Plan.
(b) | Accelerated stock-based compensation expense, which is recorded within restructuring and other charges in the unaudited interim consolidated statements of income, was recorded in connection with vesting provisions associated with certain separation agreements.
(c) | Inventory-related charges are recorded within cost of goods sold in the unaudited interim consolidated statements of income.
A summary of the activity in the restructuring reserve related to the Global Reorganization Plan is as follows:
|  | Severance and Benefit Costs |  | Lease Termination and Store Closure Costs |  | Other Cash Charges |  | Total
|  | (millions)
Balance at March 28, 2015 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Additions charged to expense |  | 49 |  |  | 7 |  |  | 11 |  |  | 67 |
Cash payments charged against reserve |  | (26 | ) |  | (2 | ) |  | (7 | ) |  | (35 | )
Non-cash adjustments |  | — |  |  | 1 |  |  | — |  |  | 1 |
Balance at December 26, 2015 |  | $ | 23 |  |  | $ | 6 |  |  | $ | 4 |  |  | $ | 33 |
Other Charges During both the three-month and nine-month periods ended December 26, 2015, the Company recorded other charges of $34 million related to its pending customs audit (see Note 14). Additionally, during the three-month and nine-month periods ended December 26, 2015, the Company recorded other charges of $1 million and $13 million, respectively, primarily related to the settlement of certain litigation claims. Fiscal 2015 During Fiscal 2015, the Company recorded restructuring charges of $10 million, $7 million of which were recorded during the nine months ended December 27, 2014. These charges were primarily related to severance and benefit costs associated with certain of its retail, wholesale, and corporate operations. At March 28, 2015, the restructuring reserve related to these charges was $5 million, which was reduced by payments to $2 million at December 26, 2015.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 + Details
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