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v3.23.1

Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Apr. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | The following table details the changes in goodwill for each of the Company's segments during Fiscal 2023 and Fiscal 2022:
|  | North America |  | Europe |  | Asia |  | Other Non-reportable Segments |  | Total
|  | (millions)
Balance at March 27, 2021 |  | $ | 421.8 |  |  | $ | 304.0 |  |  | $ | 76.8 |  |  | $ | 132.0 |  |  | $ | 934.6 |
Foreign currency translation |  | — |  |  | (18.0) |  |  | (7.9) |  |  | — |  |  | (25.9) |
Balance at April 2, 2022 |  | 421.8 |  |  | 286.0 |  |  | 68.9 |  |  | 132.0 |  |  | 908.7 |
Foreign currency translation |  | — |  |  | (4.2) |  |  | (5.6) |  |  | — |  |  | (9.8) |
Balance at April 1, 2023 |  | $ | 421.8 |  |  | $ | 281.8 |  |  | $ | 63.3 |  |  | $ | 132.0 |  |  | $ | 898.9 |
Other Intangible Assets | Other intangible assets consist of the following:
|  | April 1, 2023 |  | April 2, 2022
|  | Gross Carrying Amount |  | Accum. Amort. |  | Net |  | Gross Carrying Amount |  | Accum. Amort. |  | Net
|  | (millions)
Intangible assets subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |
Re-acquired licensed trademarks |  | $ | 226.3 |  |  | $ | (174.7) |  |  | $ | 51.6 |  |  | $ | 228.6 |  |  | $ | (168.8) |  |  | $ | 59.8 |
Customer relationships |  | 239.8 |  |  | (211.9) |  |  | 27.9 |  |  | 245.8 |  |  | (212.3) |  |  | 33.5 |
Other |  | 10.1 |  |  | (8.0) |  |  | 2.1 |  |  | 10.1 |  |  | (7.8) |  |  | 2.3 |
Total intangible assets subject to amortization |  | 476.2 |  |  | (394.6) |  |  | 81.6 |  |  | 484.5 |  |  | (388.9) |  |  | 95.6 |
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and brands |  | 7.3 |  |  | N/A |  | 7.3 |  |  | 7.3 |  |  | N/A |  | 7.3 |
Total intangible assets |  | $ | 483.5 |  |  | $ | (394.6) |  |  | $ | 88.9 |  |  | $ | 491.8 |  |  | $ | (388.9) |  |  | $ | 102.9 |
Amortization | Based on the balance of the Company's finite-lived intangible assets subject to amortization as of April 1, 2023, the expected amortization expense for each of the next five fiscal years and thereafter is as follows:
|  | Amortization Expense
|  | (millions)
Fiscal 2024 |  | $ | 13.2 |
Fiscal 2025 |  | 12.9 |
Fiscal 2026 |  | 10.7 |
Fiscal 2027 |  | 10.0 |
Fiscal 2028 |  | 10.0 |
Fiscal 2029 and thereafter |  | 24.8 |
Total |  | $ | 81.6 |

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