XML 46 R36.htm IDEA: XBRL DOCUMENT
v3.22.4

Stock-based Compensation (Tables) | 9 Months Ended
--- | ---
Dec. 31, 2022
Share-based Payment Arrangement [Abstract] |
Summary of the total compensation expense and the associated income tax benefits recognized related to stock-based compensation arrangements | A summary of total stock-based compensation expense and the related income tax benefits recognized during the three-month and nine-month periods ended December 31, 2022 and December 25, 2021 is as follows:
|  | Three Months Ended |  | Nine Months Ended |
|  | December 31, 2022 |  | December 25, 2021 |  | December 31, 2022 |  | December 25, 2021 |
|  | (millions) |
Compensation expense |  | $ | 19.2 |  |  | $ | 22.0 |  |  | $ | 59.9 |  |  | $ | 62.6 |  | (a)
Income tax benefit |  | (3.3) |  |  | (3.3) |  |  | (9.9) |  |  | (9.9) |  |
(a)Includes $2.0 million of accelerated stock-based compensation expense recorded within restructuring and other charges, net in the consolidated statements of operations (see Note 8). All other stock-based compensation expense was recorded within SG&A expenses.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share Based Payment Award with Market Condition Valuation Assumptions [Table Text Block] | The assumptions used to estimate the fair value of TSR awards granted during the nine-month periods ended December 31, 2022 and December 25, 2021 were as follows:
|  | Nine Months Ended |  |
|  | December 31, 2022 |  | December 25, 2021 |  |
Expected volatility |  | 49.9 | % |  | 46.8 | % |  |
Expected dividend yield |  | 3.0 | % |  | 2.2 | % |  |
Risk-free interest rate |  | 3.1 | % |  | 0.4 | % |  |
Service Based Restricted Stock Units [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of restricted stock unit activity | A summary of service-based RSU activity during the nine months ended December 31, 2022 is as follows:
|  | Number of Service-based RSUs
|  | (thousands)
Unvested at April 2, 2022 |  | 1,566 |
Granted |  | 668 |
Vested |  | (564) |
Forfeited |  | (45) |
Unvested at December 31, 2022 |  | 1,625 |
Performance shares, including TSR awards |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of restricted stock unit activity | A summary of performance-based RSU activity including TSR awards during the nine months ended December 31, 2022 is as follows:
|  | Number of Performance-based RSUs
|  | (thousands)
Unvested at April 2, 2022 |  | 542 |
Granted |  | 261 |
Change due to performance and/or market condition achievement |  | (58) |
Vested |  | (269) |
Forfeited |  | (3) |
Unvested at December 31, 2022 |  | 473 |

X
- Definition Tabular disclosure of significant assumptions used to estimate the fair value of market-based restricted stock units + References No definition available. + Details
Name: | rl_ScheduleofShareBasedPaymentAwardwithMarketConditionValuationAssumptionsTableTextBlock
Namespace Prefix: | rl_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=rl_RestrictedStockAndServiceBasedRestrictedStockUnitsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=rl_PerformanceSharesIncludingTSRAwardsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |