XML 44 R32.htm IDEA: XBRL DOCUMENT v3.19.2

Intangible Assets and Goodwill (Tables)

3 Months Ended

Jun. 29, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Indefinite-Lived Intangible Assets

The following table details the carrying values of the Company’s intangible assets other than goodwill (in millions):

	June 29, 2019				March 30, 2019
Definite-lived intangible assets:
Reacquired Rights	$	400			$	400
Trademarks	23				23
Key Money (1)	71				96
Customer Relationships	412			(2)	415
Total definite-lived intangible assets	906				934
Less: accumulated amortization	(155		)		(143		)
Net definite-lived intangible assets	751				791
Indefinite-lived intangible assets:
Jimmy Choo brand	557			(2)	572
Versace brand	942			(2)	930
	1,499				1,502
Total intangible assets, excluding goodwill	$	2,250			$	2,293
Goodwill	$	1,652		(2)	$	1,659

⁽¹⁾  The March 30, 2019 balance includes certain lease rights that were reclassified to the right-of-use asset as part of the adoption of ASC 842.

⁽²⁾ 

The change in the carrying values since March 30, 2019 reflects currency translation.

Carrying Values of Intangible Assets

The following table details the carrying values of the Company’s intangible assets other than goodwill (in millions):

	June 29, 2019				March 30, 2019
Definite-lived intangible assets:
Reacquired Rights	$	400			$	400
Trademarks	23				23
Key Money (1)	71				96
Customer Relationships	412			(2)	415
Total definite-lived intangible assets	906				934
Less: accumulated amortization	(155		)		(143		)
Net definite-lived intangible assets	751				791
Indefinite-lived intangible assets:
Jimmy Choo brand	557			(2)	572
Versace brand	942			(2)	930
	1,499				1,502
Total intangible assets, excluding goodwill	$	2,250			$	2,293
Goodwill	$	1,652		(2)	$	1,659

⁽¹⁾  The March 30, 2019 balance includes certain lease rights that were reclassified to the right-of-use asset as part of the adoption of ASC 842.

⁽²⁾ 

The change in the carrying values since March 30, 2019 reflects currency translation.

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, 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 3
-Subparagraph (b),(d)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275

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

+ Details

Name:	us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration