XML 46 R31.htm IDEA: XBRL DOCUMENT
v3.21.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Mar. 27, 2021
Summary of Significant Accounting Policies (Tables) [Abstract] |
Contractually-Guaranteed Minimum Royalties | As of March 27, 2021, contractually-guaranteed minimum royalty amounts expected to be recognized as revenue during future periods were as follows:
|  | Contractually-Guaranteed Minimum Royalties(a)
|  | (millions)
Fiscal 2022 |  | $ | 94.8 |
Fiscal 2023 |  | 73.4 |
Fiscal 2024 |  | 39.1 |
Fiscal 2025 |  | 11.5 |
Fiscal 2026 |  | 11.5 |
Fiscal 2027 and thereafter |  | 12.1 |
Total |  | $ | 242.4 |
(a)Amounts presented do not contemplate potential contract renewals or royalties earned in excess of the contractually-guaranteed minimums.
Disaggregation of Revenue | Disaggregated Net Revenues The following tables disaggregate the Company's net revenues into categories that depict how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors for the fiscal periods presented:
|  | Fiscal Year Ended
|  | March 27, 2021
|  | North America |  | Europe |  | Asia |  | Other |  | Total
|  | (millions)
Sales Channel(a): |  |  |  |  |  |  |  |  |  |
Retail |  | $ | 1,214.1 |  |  | $ | 517.1 |  |  | $ | 968.4 |  |  | $ | 80.2 |  |  | $ | 2,779.8 |
Wholesale |  | 778.3 |  |  | 648.8 |  |  | 59.1 |  |  | 12.4 |  |  | 1,498.6 |
Licensing |  | — |  |  | — |  |  | — |  |  | 122.4 |  |  | 122.4 |
Total |  | $ | 1,992.4 |  |  | $ | 1,165.9 |  |  | $ | 1,027.5 |  |  | $ | 215.0 |  |  | $ | 4,400.8 |
|  | Fiscal Year Ended
|  | March 28, 2020
|  | North America |  | Europe |  | Asia |  | Other |  | Total
|  | (millions)
Sales Channel(a): |  |  |  |  |  |  |  |  |  |
Retail |  | $ | 1,727.3 |  |  | $ | 874.6 |  |  | $ | 948.0 |  |  | $ | 191.0 |  |  | $ | 3,740.9 |
Wholesale |  | 1,413.2 |  |  | 757.6 |  |  | 69.2 |  |  | 10.8 |  |  | 2,250.8 |
Licensing |  | — |  |  | — |  |  | — |  |  | 168.1 |  |  | 168.1 |
Total |  | $ | 3,140.5 |  |  | $ | 1,632.2 |  |  | $ | 1,017.2 |  |  | $ | 369.9 |  |  | $ | 6,159.8 |
|  | Fiscal Year Ended
|  | March 30, 2019
|  | North America |  | Europe |  | Asia |  | Other |  | Total
|  | (millions)
Sales Channel(a): |  |  |  |  |  |  |  |  |  |
Retail |  | $ | 1,688.5 |  |  | $ | 881.1 |  |  | $ | 969.9 |  |  | $ | 208.3 |  |  | $ | 3,747.8 |
Wholesale |  | 1,514.4 |  |  | 801.9 |  |  | 71.1 |  |  | 5.1 |  |  | 2,392.5 |
Licensing |  | — |  |  | — |  |  | — |  |  | 172.7 |  |  | 172.7 |
Total |  | $ | 3,202.9 |  |  | $ | 1,683.0 |  |  | $ | 1,041.0 |  |  | $ | 386.1 |  |  | $ | 6,313.0 |
(a)Net revenues from the Company's retail and wholesale businesses are recognized at a point in time. Net revenues from the Company's licensing business are recognized over time.
Shipping and Handling Charges | A summary of shipping and handling costs recognized during the fiscal periods presented is as follows:
|  | Fiscal Years Ended
|  | March 27, 2021 |  | March 28, 2020 |  | March 30, 2019
|  | (millions)
Shipping costs |  | $ | 54.8 |  |  | $ | 46.7 |  |  | $ | 49.1 |
Handling costs |  | 138.3 |  |  | 154.0 |  |  | 153.1 |
Summary of Basic and Diluted shares | The weighted-average number of common shares outstanding used to calculate basic net income (loss) per common share is reconciled to shares used to calculate diluted net income (loss) per common share as follows:
|  | Fiscal Years Ended
|  | March 27, 2021 |  | March 28, 2020 |  | March 30, 2019
|  | (millions)
Basic shares |  | 73.5 |  |  | 75.8 |  |  | 80.6 |
Dilutive effect of RSUs and stock options |  | — |  | (a) | 1.4 |  |  | 1.1 |
Diluted shares |  | 73.5 |  |  | 77.2 |  |  | 81.7 |
(a)Incremental shares of 1.2 million attributable to outstanding RSUs were excluded from the computation of diluted shares for Fiscal 2021 as such shares would not be dilutive given the net loss incurred during the fiscal year.
Sales Returns and Allowances [Member] |
Summary of Significant Accounting Policies (Tables) [Abstract] |
Rollforward of activity in the Company's allowance for doubtful accounts and its aggregate reserves for returns, discounts, end-of-season markdowns and operational chargebacks | A rollforward of the activity in the Company's reserves for returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances is presented as follows:
|  | Fiscal Years Ended
|  | March 27, 2021 |  | March 28, 2020 |  | March 30, 2019
|  | (millions)
Beginning reserve balance |  | $ | 204.7 |  |  | $ | 176.5 |  |  | $ | 202.5 |
Amount charged against revenue to increase reserve |  | 280.1 |  |  | 580.1 |  |  | 543.8 |
Amount credited against customer accounts to decrease reserve |  | (317.4) |  |  | (550.3) |  |  | (563.0) |
Foreign currency translation |  | 6.3 |  |  | (1.6) |  |  | (6.8) |
Ending reserve balance |  | $ | 173.7 |  |  | $ | 204.7 |  |  | $ | 176.5 |
Allowance for Doubtful Accounts [Member] |
Summary of Significant Accounting Policies (Tables) [Abstract] |
Rollforward of activity in the Company's allowance for doubtful accounts and its aggregate reserves for returns, discounts, end-of-season markdowns and operational chargebacks | A rollforward of the activity in the Company's allowance for doubtful accounts is presented below:
|  | Fiscal Years Ended
|  | March 27, 2021 |  | March 28, 2020 |  | March 30, 2019
|  | (millions)
Beginning reserve balance |  | $ | 71.5 |  |  | $ | 15.7 |  |  | $ | 19.7 |
Amount recorded to expense to increase (decrease) reserve(a) |  | (27.6) |  |  | 58.7 |  |  | 0.4 |
Amount written-off against customer accounts to decrease reserve |  | (6.1) |  |  | (2.6) |  |  | (3.5) |
Foreign currency translation |  | 2.3 |  |  | (0.3) |  |  | (0.9) |
Ending reserve balance |  | $ | 40.1 |  |  | $ | 71.5 |  |  | $ | 15.7 |
(a)Amounts recorded to bad debt expense are included within SG&A expenses in the consolidated statements of operations.

X
- Definition Schedule of valuation and qualifying accounts. + References No definition available. + Details
Name: | rl_ScheduleOfValuationAndQualifyingAccountsTableTextBlock
Namespace Prefix: | rl_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition [Table Text Block] for Shipping and Handling Charges [Table] + References No definition available. + Details
Name: | rl_ShippingandHandlingChargesTableTextBlock
Namespace Prefix: | rl_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ValuationAllowancesAndReservesTypeAxis=us-gaap_SalesReturnsAndAllowancesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ValuationAllowancesAndReservesTypeAxis=us-gaap_AllowanceForCreditLossMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |