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Segment Information | 6 Months Ended
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Sep. 29, 2018
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company has three reportable segments based on its business activities and organization:
• | North America — The North America segment primarily consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company's wholesale and retail businesses in the U.S. and Canada, excluding Club Monaco. In North America, the Company's wholesale business is comprised primarily of sales to department stores, and to a lesser extent, specialty stores. The Company's retail business in North America is comprised of its Ralph Lauren stores, its factory stores, and its digital commerce site, www.RalphLauren.com.
• | Europe — The Europe segment primarily consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company's wholesale and retail businesses in Europe and the Middle East, excluding Club Monaco. In Europe, the Company's wholesale business is comprised of a varying mix of sales to both department stores and specialty stores, depending on the country. The Company's retail business in Europe is comprised of its Ralph Lauren stores, its factory stores, its concession-based shop-within-shops, and its various digital commerce sites.
• | Asia — The Asia segment primarily consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company's wholesale and retail businesses in Asia, Australia, and New Zealand. The Company's retail business in Asia is comprised of its Ralph Lauren stores, its factory stores, its concession-based shop-within-shops, and its digital commerce site, www.RalphLauren.cn, which launched in September 2018. In addition, the Company sells its products online through various third-party digital partner commerce sites. In Asia, the Company's wholesale business is comprised primarily of sales to department stores, with related products distributed through shop-within-shops.
No operating segments were aggregated to form the Company's reportable segments. In addition to these reportable segments, the Company also has other non-reportable segments, which primarily consist of (i) sales of Club Monaco branded products made through its retail businesses in the U.S., Canada, and Europe, and its licensing alliances in Europe and Asia, (ii) sales of Ralph Lauren branded products made through its wholesale business in Latin America, and (iii) royalty revenues earned through its global licensing alliances, excluding Club Monaco. The Company's segment reporting structure is consistent with how it establishes its overall business strategy, allocates resources, and assesses performance of its business. The accounting policies of the Company's segments are consistent with those described in Notes 2 and 3 of the Fiscal 2018 10-K. Sales and transfers between segments are generally recorded at cost and treated as transfers of inventory. All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance. Each segment's performance is evaluated based upon net revenues and operating income before restructuring-related charges, impairment of assets, and certain other one-time items, if any. Certain corporate overhead expenses related to global functions, most notably the Company's executive office, information technology, finance and accounting, human resources, and legal departments, largely remain at corporate. Additionally, other costs that cannot be allocated to the segments based on specific usage are also maintained at corporate, including corporate advertising and marketing expenses, depreciation and amortization of corporate assets, and other general and administrative expenses resulting from corporate-level activities and projects. Net revenues and operating income for each of the Company's segments are as follows:
|  | Three Months Ended |  | Six Months Ended
|  | September 29, 2018 |  | September 30, 2017 |  | September 29, 2018 |  | September 30, 2017
|  | (millions)
Net revenues: |  |  |  |  |  |  |  |
North America |  | $ | 888.2 |  |  | $ | 875.6 |  |  | $ | 1,585.8 |  |  | $ | 1,585.3 |
Europe |  | 459.2 |  |  | 463.0 |  |  | 809.8 |  |  | 786.5 |
Asia |  | 244.7 |  |  | 216.8 |  |  | 492.7 |  |  | 425.9 |
Other non-reportable segments |  | 98.8 |  |  | 108.8 |  |  | 193.2 |  |  | 213.6 |
Total net revenues |  | $ | 1,690.9 |  |  | $ | 1,664.2 |  |  | $ | 3,081.5 |  |  | $ | 3,011.3 |
|  | Three Months Ended |  | Six Months Ended
|  | September 29, 2018 |  | September 30, 2017 |  | September 29, 2018 |  | September 30, 2017
|  | (millions)
Operating income(a): |  |  |  |  |  |  |  |
North America |  | $ | 209.8 |  |  | $ | 202.2 |  |  | $ | 369.7 |  |  | $ | 352.7 |
Europe |  | 126.6 |  |  | 125.5 |  |  | 200.5 |  |  | 192.6 |
Asia |  | 32.7 |  |  | 26.5 |  |  | 75.4 |  |  | 56.7 |
Other non-reportable segments |  | 24.5 |  |  | 26.8 |  |  | 55.3 |  |  | 59.8 |
|  | 393.6 |  |  | 381.0 |  |  | 700.9 |  |  | 661.8 |
Unallocated corporate expenses |  | (167.7 | ) |  | (169.1 | ) |  | (322.5 | ) |  | (322.8 | )
Unallocated restructuring and other charges(b) |  | (15.9 | ) |  | (18.6 | ) |  | (38.3 | ) |  | (55.4 | )
Total operating income |  | $ | 210.0 |  |  | $ | 193.3 |  |  | $ | 340.1 |  |  | $ | 283.6 |
(a) | Segment operating income and unallocated corporate expenses during the three-month and six-month periods ended September 29, 2018 and September 30, 2017 included certain restructuring-related inventory charges (see Note 8) and asset impairment charges (see Note 7), which are detailed below:
|  |  | Three Months Ended |  | Six Months Ended
|  |  | September 29, 2018 |  | September 30, 2017 |  | September 29, 2018 |  | September 30, 2017
|  |  | (millions)
| Restructuring-related inventory charges: |  |  |  |  |  |  |  |
| North America |  | $ | — |  |  | $ | (0.1 | ) |  | $ | — |  |  | $ | (0.8 | )
| Europe |  | — |  |  | (0.1 | ) |  | — |  |  | (0.1 | )
| Other non-reportable segments |  | — |  |  | (0.4 | ) |  | — |  |  | (0.4 | )
| Total restructuring-related inventory charges |  | $ | — |  |  | $ | (0.6 | ) |  | $ | — |  |  | $ | (1.3 | )
|  |  | Three Months Ended |  | Six Months Ended
|  |  | September 29, 2018 |  | September 30, 2017 |  | September 29, 2018 |  | September 30, 2017
|  |  | (millions)
| Asset impairment charges: |  |  |  |  |  |  |  |
| North America |  | $ | (0.3 | ) |  | $ | (0.3 | ) |  | $ | (0.3 | ) |  | $ | (0.9 | )
| Europe |  | — |  |  | — |  |  | (0.2 | ) |  | (1.2 | )
| Asia |  | (3.5 | ) |  | (0.8 | ) |  | (3.7 | ) |  | (0.9 | )
| Other non-reportable segments |  | (5.8 | ) |  | (8.5 | ) |  | (6.6 | ) |  | (8.6 | )
| Unallocated corporate expenses |  | (0.2 | ) |  | (1.6 | ) |  | (0.3 | ) |  | (9.3 | )
| Total asset impairment charges |  | $ | (9.8 | ) |  | $ | (11.2 | ) |  | $ | (11.1 | ) |  | $ | (20.9 | )
(b) | The three-month and six-month periods ended September 29, 2018 and September 30, 2017 included certain unallocated restructuring and other charges (see Note 8), which are detailed below:
|  |  | Three Months Ended |  | Six Months Ended
|  |  | September 29, 2018 |  | September 30, 2017 |  | September 29, 2018 |  | September 30, 2017
|  |  | (millions)
| Unallocated restructuring and other charges: |  |  |  |  |  |  |  |
| North America-related |  | $ | (0.6 | ) |  | $ | (1.2 | ) |  | $ | (3.5 | ) |  | $ | (13.2 | )
| Europe-related |  | (2.4 | ) |  | (5.0 | ) |  | (7.4 | ) |  | (5.1 | )
| Asia-related |  | 0.3 |  |  | (2.4 | ) |  | 0.2 |  |  | 0.9 |
| Other non-reportable segment-related |  | (2.0 | ) |  | (2.0 | ) |  | (2.8 | ) |  | (6.8 | )
| Corporate-related |  | (7.7 | ) |  | (6.7 | ) |  | (13.6 | ) |  | (19.7 | )
| Unallocated restructuring charges |  | (12.4 | ) |  | (17.3 | ) |  | (27.1 | ) |  | (43.9 | )
| Other charges (see Note 8) |  | (3.5 | ) |  | (1.3 | ) |  | (11.2 | ) |  | (11.5 | )
| Total unallocated restructuring and other charges |  | $ | (15.9 | ) |  | $ | (18.6 | ) |  | $ | (38.3 | ) |  | $ | (55.4 | )
Depreciation and amortization expense for the Company's segments is as follows:
|  | Three Months Ended |  | Six Months Ended
|  | September 29, 2018 |  | September 30, 2017 |  | September 29, 2018 |  | September 30, 2017
|  | (millions)
Depreciation and amortization: |  |  |  |  |  |  |  |
North America |  | $ | 20.3 |  |  | $ | 20.6 |  |  | $ | 40.1 |  |  | $ | 41.6 |
Europe |  | 8.1 |  |  | 8.6 |  |  | 16.4 |  |  | 16.6 |
Asia |  | 12.0 |  |  | 12.1 |  |  | 24.6 |  |  | 23.6 |
Other non-reportable segments |  | 1.9 |  |  | 2.8 |  |  | 3.9 |  |  | 5.6 |
Unallocated corporate expenses |  | 23.9 |  |  | 26.2 |  |  | 48.0 |  |  | 52.3 |
Unallocated restructuring and other charges (see Note 8) |  | 3.5 |  |  | 3.5 |  |  | 7.0 |  |  | 7.0 |
Total depreciation and amortization |  | $ | 69.7 |  |  | $ | 73.8 |  |  | $ | 140.0 |  |  | $ | 146.7 |
Net revenues by geographic location of the reporting subsidiary are as follows:
|  | Three Months Ended |  | Six Months Ended
|  | September 29, 2018 |  | September 30, 2017 |  | September 29, 2018 |  | September 30, 2017
|  | (millions)
Net revenues(a): |  |  |  |  |  |  |  |
The Americas(b) |  | $ | 984.2 |  |  | $ | 980.8 |  |  | $ | 1,773.6 |  |  | $ | 1,792.3 |
Europe(c) |  | 461.6 |  |  | 466.1 |  |  | 814.4 |  |  | 792.3 |
Asia(d) |  | 245.1 |  |  | 217.3 |  |  | 493.5 |  |  | 426.7 |
Total net revenues |  | $ | 1,690.9 |  |  | $ | 1,664.2 |  |  | $ | 3,081.5 |  |  | $ | 3,011.3 |
(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 and six-month periods ended September 29, 2018 were $923.3 million and $1.662 billion, respectively, and $917.9 million and $1.683 billion during the three-month and six-month periods ended September 30, 2017, respectively.
(c) | Includes the Middle East.
(d) | Includes Australia and New Zealand.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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