XML 71 R57.htm IDEA: XBRL DOCUMENT
v3.20.2

Debt (Details Textual 1) ¥ in Millions, $ in Millions, ₩ in Billions, ¥ in Billions |  | 6 Months Ended |
--- | --- | --- | ---
Jun. 03, 2020 USD ($) | Sep. 26, 2020 USD ($) Quarter | Sep. 26, 2020 KRW (₩) | Sep. 26, 2020 JPY (¥) | Sep. 26, 2020 CNY (¥)
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Commercial Paper |  | $ 0.0 |  |  |
Maximum expected combined borrowings outstanding - Commercial Paper Program and Global Credit Facility |  | 500.0 |  |  |
Commercial Paper [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Maximum borrowing capacity |  | $ 500.0 |  |  |
Commercial Paper [Member] | Maximum [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Short-term Debt, Terms |  | 397 days |  |  |
Global Credit Facility [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Maximum borrowing capacity |  | $ 1,000.0 |  |  |
Borrowing capacity under unsecured revolving line of credit |  | $ 500.0 |  |  |
Line of credit facility, expiration date |  | Aug. 12, 2024 |  |  |
Borrowings outstanding under revolving credit facilities |  | $ 0.0 |  |  |
Line of credit facility, contingent liability for outstanding LOCs |  | $ 9.0 |  |  |
Commitment fee, percentage |  | 0.065% |  |  |
Credit facility covenant terms |  | The Global Credit Facility contains a number of covenants that, among other things, restrict the Company's ability, subject to specified exceptions, to incur additional debt; incur liens; sell or dispose of assets; merge with or acquire other companies; liquidate or dissolve itself; engage in businesses that are not in a related line of business; make loans, advances, or guarantees; engage in transactions with affiliates; and make certain investments. As originally implemented, the Global Credit Facility also required the Company to maintain a maximum ratio of Adjusted Debt to Consolidated EBITDAR (the "leverage ratio") of no greater than 4.25 as of the date of measurement for the four most recent consecutive fiscal quarters. Adjusted Debt is defined generally as consolidated debt outstanding, including finance lease obligations, plus all operating lease obligations. Consolidated EBITDAR is defined generally as consolidated net income plus (i) income tax expense, (ii) net interest expense, (iii) depreciation and amortization expense, (iv) operating lease cost, (v) restructuring and other non-recurring expenses, and (vi) acquisition-related costs. |  |  |
Credit Facility covenant compliance |  | no Event of Default (as such term is defined pursuant to the Global Credit Facility) has occurred under the Company's Global Credit Facility |  |  |
Maximum Ratio Of Adjusted Debt To Consolidated EBITDAR As Of Date Of Measurement For Four Consecutive Quarters |  | 4.25 |  |  |
Leverage Ratio Number Of Consecutive Fiscal Quarters Used | Quarter |  | 4 |  |  |
Global Credit Facility Amendment [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Commitment fee, percentage |  | 0.25% |  |  |
Credit facility covenant terms |  | Additionally, the leverage ratio requirements have been waived until the quarter ending September 30, 2021. The maximum permitted leverage ratio for that fiscal quarter would be 5.25. For the fiscal quarters ending December 31, 2021 and March 31, 2022, the maximum permitted leverage ratio would be 4.75. For each fiscal quarter ending on or after June 30, 2022, the leverage ratio test would return to 4.25. The Amendment also (a) imposes a new requirement that would remain in effect until the Ratings-Based Toggle Date that the aggregate amount of unrestricted cash of the Company and its subsidiaries plus the undrawn amounts available under the Global Credit Facility may not be less than $750 million, (b) restricts the amount of dividends and distributions on, or purchases, redemptions, retirements or acquisitions of, the Company's stock until the Specified Period Termination Date (as defined below), (c) until March 31, 2021, amends the material adverse change representation to disregard pandemic-related impacts to the business, and (d) until the Specified Period Termination Date, adds certain other restrictions on indebtedness incurred by the Company and its subsidiaries and investments and acquisitions by the Company and its subsidiaries. |  |  |
Minimum Liquidity Covenant |  | $ 750.0 |  |  |
Maximum Ratio of Adjusted Debt to Consolidated EBITDAR As Of Date Of Measurement For Two Consecutive Quarters |  | 4.25 |  |  |
364 Day Facility [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Borrowing capacity under unsecured revolving line of credit | $ 500.0 |  |  |  |
Line of credit facility, expiration date | May 25, 2021 |  |  |  |
China Credit Facility [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Maximum borrowing capacity |  | $ 7.0 |  |  | ¥ 50
Line of credit facility, expiration date |  | Apr. 03, 2021 |  |  |
South Korea Credit Facility [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Maximum borrowing capacity |  | $ 26.0 | ₩ 30 |  |
Line of credit facility, expiration date |  | Oct. 29, 2021 |  |  |
Japan Overdraft Facility [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Maximum borrowing capacity |  | $ 47.0 |  | ¥ 5 |
Line of credit facility, expiration date |  | Apr. 30, 2021 |  |  |
Pan-Asia Borrowing Facilities [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Borrowings outstanding under revolving credit facilities |  | $ 0.0 |  |  |
Weighted Average Overnight Federal Funds Rate [Member] | Global Credit Facility [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Percentage of variable rate |  | 0.50% |  |  |
London Interbank Offered Rate (LIBOR) [Member] | Global Credit Facility [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Percentage of variable rate |  | 1.00% |  |  |
Adjusted LIBOR [Member] | Global Credit Facility [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Percentage of variable rate |  | 0.75% |  |  |
Adjusted LIBOR [Member] | Global Credit Facility Amendment [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Percentage of variable rate |  | 1.875% |  |  |
Alternate base rate [Member] | Global Credit Facility Amendment [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Percentage of variable rate |  | 0.875% |  |  |
Quarter Ending September 30, 2021 [Member] | Global Credit Facility Amendment [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Maximum Ratio Of Adjusted Debt To Consolidated EBITDAR As Of Date Of Measurement For Four Consecutive Quarters |  | 5.25 |  |  |
Quarters Ending December 31, 2021 and March 31, 2022 [Member] | Global Credit Facility Amendment [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Maximum Ratio Of Adjusted Debt To Consolidated EBITDAR As Of Date Of Measurement For Four Consecutive Quarters |  | 4.75 |  |  |
Quarter Ending June 30, 2022 [Member] | Global Credit Facility Amendment [Member] |  |  |  |  |
Credit Facilities (Textual) [Abstract] |  |  |  |  |
Maximum Ratio Of Adjusted Debt To Consolidated EBITDAR As Of Date Of Measurement For Four Consecutive Quarters |  | 4.25 |  |  |

X
- Definition Number of consecutive fiscal quarters used to calculate the leverage ratio. + References No definition available. + Details
Name: | rl_LeverageRatioNumberOfConsecutiveFiscalQuartersUsed
Namespace Prefix: | rl_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum Ratio Of Adjusted Debt To Consolidated EBITDAR As Of Date Of Measurement For Four Consecutive Quarters. + References No definition available. + Details
Name: | rl_MaximumRatioOfAdjustedDebtToConsolidatedEbitdarAsOfDateOfMeasurementForFourConsecutiveQuarters
Namespace Prefix: | rl_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum Ratio of Adjusted Debt to Consolidated EBITDAR As Of Date Of Measurement For Two Consecutive Quarters + References No definition available. + Details
Name: | rl_MaximumRatioofAdjustedDebttoConsolidatedEBITDARAsOfDateOfMeasurementForTwoConsecutiveQuarters
Namespace Prefix: | rl_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum expected combined borrowings outstanding - Commercial Paper Program and Global Credit Facility + References No definition available. + Details
Name: | rl_MaximumexpectedcombinedborrowingsoutstandingCommercialPaperProgramandGlobalCreditFacility
Namespace Prefix: | rl_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Minimum Liquidity Covenant + References No definition available. + Details
Name: | rl_MinimumLiquidityCovenant
Namespace Prefix: | rl_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Carrying value as of the balance sheet date of short-term borrowings using unsecured obligations issued by banks, corporations and other borrowers to investors. The maturities of these money market securities generally do not exceed 270 days. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)(2)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(a)(3)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_CommercialPaper
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. + References No definition available. + Details
Name: | us-gaap_LettersOfCreditOutstandingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Identification of whether the entity has been in compliance with any credit facility debt covenants during the period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityCovenantCompliance
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Description of the conditions for borrowing under the credit facility including the nature of any restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityCovenantTerms
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Date the credit facility terminates, in CCYY-MM-DD format. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityExpirationDate1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_CommercialPaperMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=rl_GlobalCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=rl_GlobalCreditFacilityAmendmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=rl_A364DayFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=rl_ChineseCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=rl_SouthKoreaCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=rl_JapanOverdraftFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=rl_PanAsiaCreditFacilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=rl_WeightedAverageOvernightFederalFundsRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=rl_AdjustedLondonInterbankOfferedRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=rl_AlternatebaserateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rl_EffectiveDateofLeverageRatioRequirementsAxis=rl_QuarterEndingSeptember302021Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rl_EffectiveDateofLeverageRatioRequirementsAxis=rl_QuartersEndingDecember312021andMarch312022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | rl_EffectiveDateofLeverageRatioRequirementsAxis=rl_QuarterEndingJune302022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |