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Segment Information (Tables)
 12 Months Ended
Mar. 30, 2019
Segment Reporting [Abstract]  
Net revenues by segment
Net revenues for each of the Company's segments are as follows:
 
 
Fiscal Years Ended
 
 
March 30,
2019
 
March 31,
2018
 
April 1,
2017
 
 
(millions)
Net revenues:
 
 
 
 
 
 
North America
 
$
3,202.9

 
$
3,231.0

 
$
3,783.0

Europe
 
1,659.9

 
1,585.0

 
1,543.4

Asia
 
1,041.0

 
933.7

 
882.5

Other non-reportable segments
 
409.2

 
432.6

 
443.9

Total net revenues(a)
 
$
6,313.0

 
$
6,182.3

 
$
6,652.8


 
(a) 
The Company's sales to its largest wholesale customer, Macy's, accounted for approximately 8% of its total net revenues in each of Fiscal 2019 and Fiscal 2018 and 10% in Fiscal 2017. 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
 
 
March 30,
2019
 
March 31,
2018
 
April 1,
2017
 
 
(millions)
Operating income (loss)(a):
 
 
 
 
 
 
North America
 
$
682.8

 
$
677.6

 
$
666.8

Europe
 
389.9

 
356.7

 
305.2

Asia
 
161.0

 
137.2

 
(86.3
)
Other non-reportable segments
 
121.6

 
107.5

 
81.0

 
 
1,355.3

 
1,279.0

 
966.7

Unallocated corporate expenses
 
(663.4
)
 
(672.8
)
 
(740.4
)
Unallocated restructuring and other charges(b)
 
(130.1
)
 
(108.0
)
 
(318.6
)
Total operating income (loss)
 
$
561.8

 
$
498.2

 
$
(92.3
)


(a) 
Segment operating income (loss) and unallocated corporate expenses during the fiscal years presented included certain restructuring-related inventory charges (see Note 9) and asset impairment charges (see Note 8), which are detailed below:
 
 
Fiscal Years Ended
 
 
March 30,
2019
 
March 31,
2018
 
April 1,
2017
 
 
(millions)
Restructuring-related inventory charges:
 
 
 
 
 
 
North America
 
$
(1.9
)
 
$
(2.8
)
 
$
(33.9
)
Europe
 
(2.5
)
 
(1.5
)
 
(20.1
)
Asia
 
(0.8
)
 
(2.9
)
 
(137.6
)
Other non-reportable segments
 
(2.0
)
 
(0.4
)
 
(6.3
)
Total restructuring-related inventory charges
 
$
(7.2
)
 
$
(7.6
)
 
$
(197.9
)
 
 
Fiscal Years Ended
 
 
March 30,
2019
 
March 31,
2018
 
April 1,
2017
 
 
(millions)
Asset impairment charges:
 
 
 
 
 
 
North America
 
$
(3.1
)
 
$
(4.7
)
 
$
(62.5
)
Europe
 
(4.3
)
 
(1.2
)
 
(3.1
)
Asia
 
(4.4
)
 
(1.0
)
 
(42.0
)
Other non-reportable segments
 
(8.1
)
 
(22.4
)
 
(29.2
)
Unallocated corporate expenses
 
(5.9
)
 
(20.7
)
 
(117.0
)
Total asset impairment charges
 
$
(25.8
)
 
$
(50.0
)
 
$
(253.8
)


(b) 
The fiscal years presented included certain unallocated restructuring and other charges (see Note 9), which are detailed below:
 
 
Fiscal Years Ended
 
 
March 30,
2019
 
March 31,
2018
 
April 1,
2017
 
 
(millions)
Unallocated restructuring and other charges:
 
 
 
 
 
 
North America-related
 
$
(27.0
)
 
$
(15.5
)
 
$
(34.7
)
Europe-related
 
(12.0
)
 
(4.5
)
 
(27.7
)
Asia-related
 
(0.9
)
 
2.5

 
(68.3
)
Other non-reportable segment-related
 
(7.4
)
 
(8.5
)
 
(7.7
)
Corporate operations-related
 
(46.3
)
 
(53.2
)
 
(155.6
)
Unallocated restructuring charges
 
(93.6
)
 
(79.2
)
 
(294.0
)
Other charges (see Note 9)
 
(36.5
)
 
(28.8
)
 
(24.6
)
Total unallocated restructuring and other charges
 
$
(130.1
)
 
$
(108.0
)
 
$
(318.6
)
Restructuring-related inventory charges and asset impairment charges by segment
Segment operating income (loss) and unallocated corporate expenses during the fiscal years presented included certain restructuring-related inventory charges (see Note 9) and asset impairment charges (see Note 8), which are detailed below:
 
 
Fiscal Years Ended
 
 
March 30,
2019
 
March 31,
2018
 
April 1,
2017
 
 
(millions)
Restructuring-related inventory charges:
 
 
 
 
 
 
North America
 
$
(1.9
)
 
$
(2.8
)
 
$
(33.9
)
Europe
 
(2.5
)
 
(1.5
)
 
(20.1
)
Asia
 
(0.8
)
 
(2.9
)
 
(137.6
)
Other non-reportable segments
 
(2.0
)
 
(0.4
)
 
(6.3
)
Total restructuring-related inventory charges
 
$
(7.2
)
 
$
(7.6
)
 
$
(197.9
)
 
 
Fiscal Years Ended
 
 
March 30,
2019
 
March 31,
2018
 
April 1,
2017
 
 
(millions)
Asset impairment charges:
 
 
 
 
 
 
North America
 
$
(3.1
)
 
$
(4.7
)
 
$
(62.5
)
Europe
 
(4.3
)
 
(1.2
)
 
(3.1
)
Asia
 
(4.4
)
 
(1.0
)
 
(42.0
)
Other non-reportable segments
 
(8.1
)
 
(22.4
)
 
(29.2
)
Unallocated corporate expenses
 
(5.9
)
 
(20.7
)
 
(117.0
)
Total asset impairment charges
 
$
(25.8
)
 
$
(50.0
)
 
$
(253.8
)
Schedule of unallocated restructuring and other charges
The fiscal years presented included certain unallocated restructuring and other charges (see Note 9), which are detailed below:
 
 
Fiscal Years Ended
 
 
March 30,
2019
 
March 31,
2018
 
April 1,
2017
 
 
(millions)
Unallocated restructuring and other charges:
 
 
 
 
 
 
North America-related
 
$
(27.0
)
 
$
(15.5
)
 
$
(34.7
)
Europe-related
 
(12.0
)
 
(4.5
)
 
(27.7
)
Asia-related
 
(0.9
)
 
2.5

 
(68.3
)
Other non-reportable segment-related
 
(7.4
)
 
(8.5
)
 
(7.7
)
Corporate operations-related
 
(46.3
)
 
(53.2
)
 
(155.6
)
Unallocated restructuring charges
 
(93.6
)
 
(79.2
)
 
(294.0
)
Other charges (see Note 9)
 
(36.5
)
 
(28.8
)
 
(24.6
)
Total unallocated restructuring and other charges
 
$
(130.1
)
 
$
(108.0
)
 
$
(318.6
)
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
 
 
March 30,
2019
 
March 31,
2018
 
April 1,
2017
 
 
(millions)
Depreciation and amortization expense:
 
 
 
 
 
 
North America
 
$
81.8

 
$
82.5

 
$
110.0

Europe
 
33.5

 
34.8

 
31.8

Asia
 
49.1

 
50.3

 
47.8

Other non-reportable segments
 
7.3

 
10.7

 
14.5

Unallocated corporate
 
95.5

 
102.8

 
103.4

Unallocated restructuring and other charges (see Note 9)
 
14.1

 
14.1

 
—

Total depreciation and amortization expense
 
$
281.3

 
$
295.2

 
$
307.5
Schedule of capital expenditures, by segment
 
 
Fiscal Years Ended
 
 
March 30,
2019
 
March 31,
2018
 
April 1,
2017
 
 
(millions)
Capital expenditures:
 
 
 
 
 
 
North America
 
$
74.6

 
$
41.9

 
$
62.8

Europe
 
26.4

 
28.5

 
43.6

Asia
 
45.2

 
40.7

 
30.2

Other non-reportable segments
 
5.2

 
5.3

 
20.1

Unallocated corporate
 
46.3

 
45.2

 
127.3

Total capital expenditures
 
$
197.7

 
$
161.6

 
$
284.0
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
 
 
March 30,
2019
 
March 31,
2018
 
April 1,
2017
 
 
(millions)
Net revenues(a):
 
 
 
 
 
 
The Americas(b)
 
$
3,602.2

 
$
3,652.1

 
$
4,214.7

Europe(c) 
 
1,668.6

 
1,595.2

 
1,554.1

Asia(d) 
 
1,042.2

 
935.0

 
884.0

Total net revenues
 
$
6,313.0

 
$
6,182.3

 
$
6,652.8


 
 
March 30,
2019
 
March 31,
2018
 
 
(millions)
Long-lived assets(a):
 
 
 
 
The Americas(b)
 
$
789.6

 
$
915.4

Europe(c) 
 
140.0

 
154.8

Asia(d) 
 
109.6

 
116.1

Total long-lived assets
 
$
1,039.2

 
$
1,186.3

 
(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 $3.379 billion, $3.427 billion, and $3.990 billion in Fiscal 2019, Fiscal 2018, and Fiscal 2017, respectively. Long-lived assets located in the U.S. were $766.1 million and $889.7 million as of March 30, 2019 and March 31, 2018, respectively.
(c) 
Includes the Middle East.
(d) 
Includes Australia and New Zealand.