XML 61 R46.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information (Tables)
 12 Months Ended
Apr. 01, 2017
Segment Reporting Information [Line Items]  
Net revenues by segment
Net revenues for each of the Company's segments are as follows:
 
 
Fiscal Years Ended
 
 
April 1,
2017
 
April 2,
2016
 
March 28,
2015
 
 
(millions)
Net revenues:
 
 
 
 
 
 
North America
 
$
3,795.0

 
$
4,493.9

 
$
4,645.7

Europe
 
1,543.4

 
1,561.8

 
1,620.0

Asia
 
882.9

 
893.5

 
915.5

Other non-reportable segments
 
431.5

 
456.0

 
439.1

Total net revenues(a)
 
$
6,652.8

 
$
7,405.2

 
$
7,620.3


 
(a) 
The Company's sales to its largest wholesale customer, Macy's, accounted for approximately 10%, 11%, and 12%, of its total net revenues in Fiscal 2017, Fiscal 2016, and Fiscal 2015, respectively. Substantially all of the Company's sales to Macy's related to its North America segment.
Net operating income (loss) by segment
Operating income (loss) for each of the Company's segments is as follows:
 
 
Fiscal Years Ended
 
 
April 1,
2017
 
April 2,
2016
 
March 28,
2015
 
 
(millions)
Operating income (loss):
 
 
 
 
 
 
North America(a)
 
$
674.7

 
$
951.6

 
$
1,183.3

Europe(b)
 
302.6

 
280.1

 
306.7

Asia(c)
 
(85.8
)
 
(0.1
)
 
8.5

Other non-reportable segments(d)
 
68.7

 
103.9

 
124.6

 
 
960.2

 
1,335.5

 
1,623.1

Unallocated corporate expenses(e)
 
(736.4
)
 
(611.0
)
 
(577.6
)
Unallocated restructuring and other charges(f)
 
(318.6
)
 
(142.6
)
 
(10.1
)
Total operating income (loss)
 
$
(94.8
)
 
$
581.9

 
$
1,035.4



(a) 
During Fiscal 2017 and Fiscal 2016, the Company recorded restructuring-related inventory charges of $33.9 million and $7.2 million, respectively. Additionally, the Company recorded asset impairment charges of $62.5 million, $20.5 million, and $1.3 million during Fiscal 2017, Fiscal 2016, and Fiscal 2015, respectively. See Notes 9 and 10 for additional information.
(b) 
During Fiscal 2017 and Fiscal 2016, the Company recorded restructuring-related inventory charges of $20.1 million and $2.4 million, respectively. Additionally, the Company recorded asset impairment charges of $3.1 million, $8.2 million, and $0.5 million during Fiscal 2017, Fiscal 2016, and Fiscal 2015, respectively. See Notes 9 and 10 for additional information.
(c) 
During Fiscal 2017 and Fiscal 2016, the Company recorded restructuring-related inventory charges of $137.6 million and $10.8 million, respectively. Additionally, the Company recorded asset impairment charges of $42.0 million, $18.2 million, and $4.8 million during Fiscal 2017, Fiscal 2016, and Fiscal 2015, respectively. See Notes 9 and 10 for additional information.
(d) 
During Fiscal 2017, the Company recorded restructuring-related inventory charges of $6.3 million. Additionally, the Company recorded asset impairment charges of $29.2 million, $1.9 million, and $0.3 million during Fiscal 2017, Fiscal 2016, and Fiscal 2015, respectively. See Notes 9 and 10 for additional information.
(e) 
During Fiscal 2017, the Company recorded asset impairment charges of $117.0 million. See Notes 9 and 10 for additional information.
(f) 
The fiscal years presented included certain unallocated restructuring and other charges (see Note 10), which are detailed below:
 
 
 
Fiscal Years Ended
 
 
 
April 1,
2017
 
April 2,
2016
 
March 28,
2015
 
 
 
(millions)
 
Unallocated restructuring and other charges:
 
 
 
 
 
 
 
North America-related
 
$
(34.7
)
 
$
(26.1
)
 
$
(5.7
)
 
Europe-related
 
(27.7
)
 
(5.6
)
 
(0.9
)
 
Asia-related
 
(68.3
)
 
(3.2
)
 
(1.1
)
 
Other non-reportable segment-related
 
(7.7
)
 
(5.6
)
 
(0.5
)
 
Corporate operations-related
 
(155.6
)
 
(54.4
)
 
(1.9
)
 
Unallocated restructuring charges
 
(294.0
)
 
(94.9
)
 
(10.1
)
 
Other charges (see Note 10)
 
(24.6
)
 
(47.7
)
 
—

 
Total unallocated restructuring and other charges
 
$
(318.6
)
 
$
(142.6
)
 
$
(10.1
)
Depreciation and amortization by segment
The following tables summarize depreciation and amortization expense and capital expenditures for each of the Company's segments:
 
 
Fiscal Years Ended
 
 
April 1,
2017
 
April 2,
2016
 
March 28,
2015
 
 
(millions)
Depreciation and amortization:
 
 
 
 
 
 
North America
 
$
110.0

 
$
112.4

 
$
99.7

Europe
 
31.8

 
35.2

 
45.1

Asia
 
47.8

 
58.2

 
66.4

Other non-reportable segments
 
14.5

 
13.7

 
9.0

Unallocated corporate
 
103.4

 
89.9

 
74.2

Total depreciation and amortization
 
$
307.5

 
$
309.4

 
$
294.4
Schedule of Capital Expenditures, by Segment
 
 
Fiscal Years Ended
 
 
April 1,
2017
 
April 2,
2016
 
March 28,
2015
 
 
(millions)
Capital expenditures:
 
 
 
 
 
 
North America
 
$
62.8

 
$
84.9

 
$
140.1

Europe
 
43.6

 
48.2

 
55.5

Asia
 
30.2

 
49.1

 
61.3

Other non-reportable segments
 
20.1

 
38.0

 
31.9

Unallocated corporate
 
127.3

 
197.5

 
102.4

Total capital expenditures
 
$
284.0

 
$
417.7

 
$
391.2
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 1,
2017
 
April 2,
2016
 
March 28,
2015
 
 
(millions)
Net revenues(a):
 
 
 
 
 
 
The Americas(b)
 
$
4,214.7

 
$
4,938.2

 
$
5,077.3

Europe(c) 
 
1,554.1

 
1,572.7

 
1,626.9

Asia(d) 
 
884.0

 
894.3

 
916.1

Total net revenues
 
$
6,652.8

 
$
7,405.2

 
$
7,620.3


 
 
April 1,
2017
 
April 2,
2016
 
 
(millions)
Long-lived assets(a):
 
 
 
 
The Americas(b)
 
$
1,061.7

 
$
1,206.3

Europe(c) 
 
141.8

 
212.3

Asia(d) 
 
112.5

 
164.6

Total long-lived assets
 
$
1,316.0

 
$
1,583.2

 
(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 $3.990 billion, $4.688 billion, and $4.827 billion in Fiscal 2017, Fiscal 2016, and Fiscal 2015, respectively. Long-lived assets located in the U.S. were $1.033 billion and $1.160 billion as of April 1, 2017 and April 2, 2016, 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 10), which are detailed below:
 
 
 
Fiscal Years Ended
 
 
 
April 1,
2017
 
April 2,
2016
 
March 28,
2015
 
 
 
(millions)
 
Unallocated restructuring and other charges:
 
 
 
 
 
 
 
North America-related
 
$
(34.7
)
 
$
(26.1
)
 
$
(5.7
)
 
Europe-related
 
(27.7
)
 
(5.6
)
 
(0.9
)
 
Asia-related
 
(68.3
)
 
(3.2
)
 
(1.1
)
 
Other non-reportable segment-related
 
(7.7
)
 
(5.6
)
 
(0.5
)
 
Corporate operations-related
 
(155.6
)
 
(54.4
)
 
(1.9
)
 
Unallocated restructuring charges
 
(294.0
)
 
(94.9
)
 
(10.1
)
 
Other charges (see Note 10)
 
(24.6
)
 
(47.7
)
 
—

 
Total unallocated restructuring and other charges
 
$
(318.6
)
 
$
(142.6
)
 
$
(10.1
)