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Segment Information (Tables) | 12 Months Ended
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Mar. 28, 2020
Segment Reporting [Abstract] |
Key Performance Information of Reportable Segments | The following table presents the key performance information of the Company’s reportable segments (in millions):
|  | Fiscal Years Ended |  |  |  |
|  | March 28, 2020 |  | March 30, 2019 |  | March 31, 2018
Total revenue: |  |  |  |  |  |
| Versace | $ | 843 |  |  | $ | 137 |  |  | $ | — |
| Jimmy Choo | 555 |  |  | 590 |  |  | 223 |
| Michael Kors | 4,153 |  |  | 4,511 |  |  | 4,496 |
Total revenue |  | $ | 5,551 |  |  | $ | 5,238 |  |  | $ | 4,719 |
(Loss) income from operations: |  |  |  |  |  |
| Versace | $ | (8) |  |  | $ | (11) |  |  | $ | — |
| Jimmy Choo | (13) |  |  | 20 |  |  | (4) |
| Michael Kors | 850 |  |  | 964 |  |  | 975 |
Total segment income from operations |  | 829 |  |  | 973 |  |  | 971 |
Less: | Corporate expenses | (152) |  |  | (93) |  |  | (87) |
| Restructuring and other charges | (42) |  |  | (124) |  |  | (102) |
| Impairment of assets (1) | (708) |  |  | (21) |  |  | (33) |
| COVID-19 related charges (2) | (119) |  |  | — |  |  | — |
Total (loss) income from operations |  | $ | (192) |  |  | $ | 735 |  |  | $ | 749 |
(1)Impairment of assets during Fiscal 2020 includes $434 million, $187 million and $87 million of impairment charges related to the Jimmy Choo, Michael Kors and Versace reportable segments, respectively. The impairment charges during Fiscal 2019 and Fiscal 2018 were primarily related to the Michael Kors reportable segment. (2)COVID-19 related charges primarily include additional inventory reserves and bad debt expense of $92 million and $25 million, respectively, recorded within costs of goods sold and selling, general and administrative expenses in the consolidated statements of operations.
Depreciation and Amortization Expense for Each Segment | Depreciation and amortization expense for each segment are as follows (in millions):
| Fiscal Years Ended |  |  |  |
| March 28, 2020 |  | March 30, 2019 |  | March 31, 2018
Depreciation and amortization(1): |  |  |  |  |
Versace | $ | 61 |  |  | $ | 9 |  |  | $ | — |
Jimmy Choo | 33 |  |  | 34 |  |  | 13 |
Michael Kors | 155 |  |  | 182 |  |  | 195 |
Total depreciation and amortization | $ | 249 |  |  | $ | 225 |  |  | $ | 208 |
(1)Excluded from the above table are impairment charges, which are detailed in the below table and in Note 8, Note 9 and Note 14.
Total Revenue (as Recognized Based on Country of Origin) | Total revenue (based on country of origin) and long-lived assets by geographic location are as follows (in millions):
| Fiscal Years Ended |  |  |  |
| March 28, 2020 |  | March 30, 2019 |  | March 31, 2018
Revenue: |  |  |  |  |
The Americas (U.S., Canada and Latin America)(1) | $ | 3,115 |  |  | $ | 3,182 |  |  | $ | 3,033 |
EMEA | 1,523 |  |  | 1,279 |  |  | 1,093 |
Asia | 913 |  |  | 777 |  |  | 593 |
Total revenue | $ | 5,551 |  |  | $ | 5,238 |  |  | $ | 4,719 |
Long-Lived Assets by Geographic Location |
| As of |  |  |  |
| March 28, 2020 |  | March 30, 2019 |  | March 31, 2018
Long-lived assets: (1) |  |  |  |  |
The Americas (U.S., Canada and Latin America)(2) | $ | 1,132 |  |  | $ | 319 |  |  | $ | 328 |
EMEA | 2,432 |  |  | 2,123 |  |  | 1,050 |
Asia | 608 |  |  | 466 |  |  | 441 |
Total Long-lived assets: | $ | 4,172 |  |  | $ | 2,908 |  |  | $ | 1,819 |
(1)Long-lived assets as of March 28, 2020 reflect operating lease right-of-use assets resulting from the Company’s adoption of ASU 2016-02. See Note 2 for additional information. (2)Net revenues earned in the U.S. during Fiscal 2020, Fiscal 2019, and Fiscal 2018 were $2.898 billion, $2.972 billion and $2.818 billion, respectively. Long-lived assets located in the U.S. as of March 28, 2020 and March 30, 2019 were $1.060 billion and $296 million, respectively.
Net Revenues by Major Product Category | Total revenue by major product category are as follows (in millions):
| Fiscal Years Ended |  |  |  |  |  |  |  |  |  |
| March 28, 2020 |  | % of Total |  | March 30, 2019 |  | % of Total |  | March 31, 2018 |  | % of Total
Accessories | $ | 2,933 |  |  | 52.8% |  | $ | 3,139 |  |  | 59.9 | % |  | $ | 3,057 |  |  | 64.8 | %
Footwear | 1,100 |  |  | 19.8% |  | 1,023 |  |  | 19.5 | % |  | 657 |  |  | 13.9 | %
Apparel | 1,069 |  |  | 19.3% |  | 698 |  |  | 13.3 | % |  | 605 |  |  | 12.8 | %
Licensed product | 222 |  |  | 4.0% |  | 218 |  |  | 4.2 | % |  | 250 |  |  | 5.3 | %
Licensing revenue | 201 |  |  | 3.6% |  | 156 |  |  | 3.0 | % |  | 150 |  |  | 3.2 | %
Other | 26 |  |  | 0.5% |  | 4 |  |  | 0.1 | % |  | — |  |  | — | %
Total Revenue | $ | 5,551 |  |  |  |  | $ | 5,238 |  |  |  |  | $ | 4,719 |  |  |

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