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Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Mar. 27, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following table details the changes in goodwill for each of the Company's segments during Fiscal 2021 and Fiscal 2020:

						North America						Europe						Asia						Other Non-reportable Segments(a)						Total(a)
						(millions)
Balance at March 30, 2019						$	421.8					$	290.0					$	75.8					$	132.0					$	919.6
Foreign currency translation						—						(4.9)						0.8						—						(4.1)
Balance at March 28, 2020						421.8						285.1						76.6						132.0						915.5
Foreign currency translation						—						18.9						0.2						—						19.1
Balance at March 27, 2021						$	421.8					$	304.0					$	76.8					$	132.0					$	934.6

(a)The goodwill balance for each period presented is net of accumulated impairment charges of $5.2 million related to the Company's other non-reportable segments.

Other Intangible Assets

Other intangible assets consist of the following:

						March 27, 2021																		March 28, 2020
						Gross Carrying Amount						Accum. Amort.						Net						Gross Carrying Amount						Accum. Amort.						Net
						(millions)
Intangible assets subject to amortization:
Re-acquired licensed trademarks						$	231.7					$	(163.6)					$	68.1					$	231.6					$	(155.4)					$	76.2
Customer relationships						254.3						(211.0)						43.3						253.9						(199.0)						54.9
Other						10.1						(7.7)						2.4						10.1						(7.5)						2.6
Total intangible assets subject to amortization						496.1						(382.3)						113.8						495.6						(361.9)						133.7
Intangible assets not subject to amortization:
Trademarks and brands						7.3						N/A						7.3						7.3						N/A						7.3
Total intangible assets						$	503.4					$	(382.3)					$	121.1					$	502.9					$	(361.9)					$	141.0

Amortization

Based on the balance of the Company's finite-lived intangible assets subject to amortization as of March 27, 2021, the expected amortization expense for each of the next five fiscal years and thereafter is as follows:

						Amortization Expense
						(millions)
Fiscal 2022						$	17.8
Fiscal 2023						14.4
Fiscal 2024						13.2
Fiscal 2025						12.9
Fiscal 2026						10.7
Fiscal 2027 and thereafter						44.8
Total						$	113.8

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- References

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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