XML 50 R36.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information (Tables)
 3 Months Ended
Jul. 02, 2016
Segment Reporting [Abstract]  
Net revenues by segment
Net revenues and operating income (loss) for each of the Company's reportable segments are as follows:
 
 
Three Months Ended
 
 
July 2,
2016
 
June 27,
2015
 
 
(millions)
Net revenues:
 
 
 
 
Wholesale
 
$
607

 
$
642

Retail
 
907

 
935

Licensing
 
38

 
41

Total net revenues
 
$
1,552

 
$
1,618
Net operating income (loss) by segment
 
 
Three Months Ended
 
 
July 2,
2016
 
June 27,
2015
 
 
(millions)
Operating income (loss):
 
 
 
 
Wholesale(a)
 
$
133

 
$
137

Retail(b)
 
63

 
110

Licensing
 
34

 
36

 
 
230

 
283

Unallocated corporate expenses
 
(175
)
 
(153
)
Unallocated restructuring charges(c)
 
(86
)
 
(34
)
Total operating income (loss)
 
$
(31
)
 
$
96


 
(a) 
During the three-month period ended July 2, 2016, the Company recorded non-cash inventory-related charges and asset impairment charges of $10 million and $1 million, respectively, in connection with the Way Forward Plan. During the three-month period ended June 27, 2015, the Company recorded non-cash asset impairment charges of $3 million in connection with the Global Reorganization Plan. See Notes 7 and 8 for additional information.
(b) 
During the three-month period ended July 2, 2016, the Company recorded non-cash inventory-related charges and asset impairment charges of $44 million and $18 million, respectively, in connection with the Way Forward Plan. During the three-month period ended June 27, 2015, the Company recorded non-cash inventory-related charges and asset impairment charges of $3 million and $5 million, respectively, in connection with the Global Reorganization Plan. See Notes 7 and 8 for additional information.
(c) 
The three-month periods ended July 2, 2016 and June 27, 2015 included certain unallocated restructuring charges (see Note 8), which are detailed below:
 
 
 
Three Months Ended
 
 
 
July 2,
2016
 
June 27,
2015
 
 
 
(millions)
 
Unallocated restructuring charges:
 
 
 
 
 
Wholesale-related
 
$
(15
)
 
$
(8
)
 
Retail-related
 
(15
)
 
(11
)
 
Licensing-related
 
(2
)
 
(1
)
 
Corporate operations-related
 
(54
)
 
(14
)
 
Total unallocated restructuring charges
 
$
(86
)
 
$
(34
)
Restructuring charges by segment
The three-month periods ended July 2, 2016 and June 27, 2015 included certain unallocated restructuring charges (see Note 8), which are detailed below:
 
 
 
Three Months Ended
 
 
 
July 2,
2016
 
June 27,
2015
 
 
 
(millions)
 
Unallocated restructuring charges:
 
 
 
 
 
Wholesale-related
 
$
(15
)
 
$
(8
)
 
Retail-related
 
(15
)
 
(11
)
 
Licensing-related
 
(2
)
 
(1
)
 
Corporate operations-related
 
(54
)
 
(14
)
 
Total unallocated restructuring charges
 
$
(86
)
 
$
(34
)
Depreciation and amortization by segment
Depreciation and amortization expense for the Company's segments is as follows:
 
 
Three Months Ended
 
 
July 2,
2016
 
June 27,
2015
 
 
(millions)
Depreciation and amortization:
 
 
 
 
Wholesale
 
$
17

 
$
15

Retail
 
37

 
39

Unallocated corporate
 
24

 
20

Total depreciation and amortization
 
$
78

 
$
74
Net revenues by geographic location
Net revenues by geographic location of the reporting subsidiary are as follows:
 
 
Three Months Ended
 
 
July 2,
2016
 
June 27,
2015
 
 
(millions)
Net revenues(a):
 
 
 
 
The Americas(b)
 
$
961

 
$
1,079

Europe(c)
 
380

 
333

  Asia(d)
 
211

 
206

Total net revenues
 
$
1,552

 
$
1,618

 
(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 periods ended July 2, 2016 and June 27, 2015 were $910 million and $1.029 billion, respectively.
(c) 
Includes the Middle East.
(d) 
Includes Australia and New Zealand.