Commitments and Contingencies (Tables)

12 Months Ended

Mar. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Schedule of future minimum rental payments for operating leases

As of March 31, 2018, future minimum rental payments under noncancelable operating leases with lease terms in excess of one year were as follows:



	Minimum Operating Lease Payments^(a)
	(millions)
Fiscal 2019	$	343.8
Fiscal 2020	318.1
Fiscal 2021	262.6
Fiscal 2022	220.1
Fiscal 2023	199.1
Fiscal 2024 and thereafter	504.5
Total net minimum rental payments	$	1,848.2


^(a)	Net of sublease income, which is not significant in any period.

Schedule of future minimum lease payments for capital leases

As of March 31, 2018, future minimum rental payments under noncancelable capital leases, including build-to-suit leases, with lease terms in excess of one year were as follows:



	Minimum Capital Lease Payments^(a)(b)
	(millions)
Fiscal 2019	$	29.6
Fiscal 2020	31.9
Fiscal 2021	30.5
Fiscal 2022	29.4
Fiscal 2023	28.9
Fiscal 2024 and thereafter	78.5
Total net minimum rental payments	228.8
Less: amount representing interest	(73.4		)
Present value of net minimum rental payments	$	155.4


^(a)	Net of sublease income, which is not significant in any period.

^(b)

Includes lease payments related to the Company's build-to-suit lease agreement for its former Polo store on Fifth Avenue in New York City, which was closed during the first quarter of Fiscal 2018. The total remaining commitment related to this lease was $135.1 million as of March 31, 2018, comprised of a $41.2 million operating lease obligation related to the land portion of the lease (included in the minimum operating lease payments table above) and a $93.9 million obligation related to the building portion of the lease (included in this minimum capital lease payments table).

US Tax Reform [Member]

Other Commitments [Line Items]

Mandatory transition tax payments

In connection with the TCJA's provision that subjects previously deferred foreign earnings to a one-time mandatory transition tax, the Company recorded net charges of $209.3 million within its income tax provision during Fiscal 2018 on a provisional basis (as described in Note 10). The related income tax payable obligation of $147.8 million, which is net of foreign tax credits and other federal income tax activity of $61.5 million that the Company expects to utilize to partially reduce this tax obligation, is expected to be paid over an eight-year period as follows:



	Mandatory Transition Tax Payments^(a)
	(millions)
Fiscal 2019	$	23.0
Fiscal 2020	11.6
Fiscal 2021	11.6
Fiscal 2022	11.6
Fiscal 2023	19.2
Fiscal 2024 and thereafter	70.8
Total mandatory transition tax payments	$	147.8


^(a)	Included within current and non-current income tax payable in the consolidated balance sheets based upon the estimating timing of payments.