XML 39 R28.htm IDEA: XBRL DOCUMENT v3.24.3

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Sep. 28, 2024

Summary of Significant Accounting Policies (Tables) [Abstract]

Contractually-Guaranteed Minimum Royalties

As of September 28, 2024, contractually-guaranteed minimum royalty amounts expected to be recognized as revenue during future periods were as follows:

						Contractually-Guaranteed Minimum Royalties(a)
						(millions)
Remainder of Fiscal 2025						$	46.4
Fiscal 2026						85.4
Fiscal 2027						84.2
Fiscal 2028						49.7
Fiscal 2029 and thereafter						54.7
Total						$	320.4

(a)Amounts presented do not contemplate potential contract renewals or royalties earned in excess of the contractually-guaranteed minimums.

Disaggregation of Revenue

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:

						Three Months Ended
						September 28, 2024																														September 30, 2023
						North America						Europe						Asia						Other						Total						North America						Europe						Asia						Other						Total
						(millions)
Sales Channel(a):
Retail						$	467.3					$	272.9					$	356.2					$	—					$	1,096.4					$	437.8					$	238.4					$	318.1					$	—					$	994.3
Wholesale						272.2						293.0						24.0						—						589.2						280.0						288.4						30.3						—						598.7
Licensing						—						—						—						40.4						40.4						—						—						—						40.0						40.0
Total						$	739.5					$	565.9					$	380.2					$	40.4					$	1,726.0					$	717.8					$	526.8					$	348.4					$	40.0					$	1,633.0

						Six Months Ended
						September 28, 2024																														September 30, 2023
						North America						Europe						Asia						Other						Total						North America						Europe						Asia						Other						Total
						(millions)
Sales Channel(a):
Retail						$	884.0					$	518.0					$	727.0					$	—					$	2,129.0					$	848.8					$	465.1					$	670.2					$	—					$	1,984.1
Wholesale						463.7						527.0						44.1						—						1,034.8						500.7						512.2						55.7						—						1,068.6
Licensing						—						—						—						74.4						74.4						—						—						—						76.8						76.8
Total						$	1,347.7					$	1,045.0					$	771.1					$	74.4					$	3,238.2					$	1,349.5					$	977.3					$	725.9					$	76.8					$	3,129.5

(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 for the fiscal periods presented is as follows:

						Three Months Ended												Six Months Ended
						September 28, 2024						September 30, 2023						September 28, 2024						September 30, 2023
						(millions)
Shipping costs						$	20.9					$	19.2					$	38.2					$	36.1
Handling costs						40.5						41.5						75.6						80.7

Summary of Basic and Diluted shares

The weighted-average number of common shares outstanding used to calculate basic net income per common share is reconciled to shares used to calculate diluted net income per common share as follows:

						Three Months Ended												Six Months Ended
						September 28, 2024						September 30, 2023						September 28, 2024						September 30, 2023
						(millions)
Basic shares						62.6						65.6						62.9						65.7
Dilutive effect of RSUs						1.3						1.6						1.4						1.6
Diluted shares						63.9						67.2						64.3						67.3

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, operational chargebacks, and certain cooperative advertising allowances

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:

						Three Months Ended												Six Months Ended
						September 28, 2024						September 30, 2023						September 28, 2024						September 30, 2023
						(millions)
Beginning reserve balance						$	126.3					$	135.2					$	143.1					$	148.1
Amount charged against revenue to increase reserve						128.2						122.4						223.0						218.0
Amount credited against customer accounts to decrease reserve						(102.3)						(108.5)						(212.9)						(216.0)
Foreign currency translation						4.1						(2.5)						3.1						(3.5)
Ending reserve balance						$	156.3					$	146.6					$	156.3					$	146.6

Allowance for Doubtful Accounts

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, operational chargebacks, and certain cooperative advertising allowances

A rollforward of the activity in the Company's allowance for doubtful accounts is presented as follows:

						Three Months Ended												Six Months Ended
						September 28, 2024						September 30, 2023						September 28, 2024						September 30, 2023
						(millions)
Beginning reserve balance						$	32.5					$	25.6					$	32.2					$	27.2
Amount recorded to expense to increase reserve(a)						1.3						1.1						2.1						0.3
Amount written-off against customer accounts to decrease reserve						(0.4)						—						(0.8)						(0.6)
Foreign currency translation						0.8						(0.3)						0.7						(0.5)
Ending reserve balance						$	34.2					$	26.4					$	34.2					$	26.4

(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-types1: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-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Summary of significant accounting policies.

+ References

No definition available.

+ Details

Name:	rl_SummaryOfSignificantAccountingPoliciesTablesAbstract
Namespace Prefix:	rl_
Data Type:	xbrli:stringItemType
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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
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
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-SubTopic 10
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

+ 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
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

+ 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: