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Intangible Assets and Goodwill (Tables) | 12 Months Ended
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Mar. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Carrying Values of Finite-Lived Intangible Assets | The following table details the carrying values of the Company’s intangible assets other than goodwill (in millions):
| March 28, 2020 |  |  |  |  |  | March 30, 2019 |  |  |  |
| Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Reacquired rights | $ | 400 |  |  | $ | 61 |  |  | $ | 339 |  |  | $ | 400 |  |  | $ | 45 |  |  | $ | 355 |
Trademarks | 23 |  |  | 20 |  |  | 3 |  |  | 23 |  |  | 19 |  |  | 4 |
Lease rights (1) | — |  |  | — |  |  | — |  |  | 96 |  |  | 56 |  |  | 40 |
Customer relationships | 404 |  |  | 51 |  |  | 353 |  |  | 415 |  |  | 23 |  |  | 392 |
| 827 |  |  | 132 |  |  | 695 |  |  | 934 |  |  | 143 |  |  | 791 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Jimmy Choo brand (2) | 547 |  |  | 180 |  |  | 367 |  |  | 572 |  |  | — |  |  | 572 |
Versace brand (3) | 924 |  |  | — |  |  | 924 |  |  | 930 |  |  | — |  |  | 930 |
| 1,471 |  |  | 180 |  |  | 1,291 |  |  | 1,502 |  |  | — |  |  | 1,502 |
Total intangible assets, excluding goodwill | $ | 2,298 |  |  | $ | 312 |  |  | $ | 1,986 |  |  | $ | 2,436 |  |  | $ | 143 |  |  | $ | 2,293 |
________________________________ (1)The March 30, 2019 balance includes certain lease rights that were reclassified to the operating lease right-of-use asset as part of the adoption of ASU 2016-02 in Fiscal 2020. Includes $2 million and $5 million, respectively, of impairment charges recorded during Fiscal 2019 and Fiscal 2018, primarily in connection with underperforming full-price Michael Kors retail stores. See Note 14 for additional information. (2)The year-over-year change in carrying value reflects an impairment charge of $180 million and foreign currency translation of $25 million. The Company did not incur any impairment charges in prior periods. (3)The year-over-year change in carrying value relates to foreign currency translation.
Carrying Values of Indefinite-Lived Intangible Assets | The following table details the carrying values of the Company’s intangible assets other than goodwill (in millions):
| March 28, 2020 |  |  |  |  |  | March 30, 2019 |  |  |  |
| Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Reacquired rights | $ | 400 |  |  | $ | 61 |  |  | $ | 339 |  |  | $ | 400 |  |  | $ | 45 |  |  | $ | 355 |
Trademarks | 23 |  |  | 20 |  |  | 3 |  |  | 23 |  |  | 19 |  |  | 4 |
Lease rights (1) | — |  |  | — |  |  | — |  |  | 96 |  |  | 56 |  |  | 40 |
Customer relationships | 404 |  |  | 51 |  |  | 353 |  |  | 415 |  |  | 23 |  |  | 392 |
| 827 |  |  | 132 |  |  | 695 |  |  | 934 |  |  | 143 |  |  | 791 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Jimmy Choo brand (2) | 547 |  |  | 180 |  |  | 367 |  |  | 572 |  |  | — |  |  | 572 |
Versace brand (3) | 924 |  |  | — |  |  | 924 |  |  | 930 |  |  | — |  |  | 930 |
| 1,471 |  |  | 180 |  |  | 1,291 |  |  | 1,502 |  |  | — |  |  | 1,502 |
Total intangible assets, excluding goodwill | $ | 2,298 |  |  | $ | 312 |  |  | $ | 1,986 |  |  | $ | 2,436 |  |  | $ | 143 |  |  | $ | 2,293 |
________________________________ (1)The March 30, 2019 balance includes certain lease rights that were reclassified to the operating lease right-of-use asset as part of the adoption of ASU 2016-02 in Fiscal 2020. Includes $2 million and $5 million, respectively, of impairment charges recorded during Fiscal 2019 and Fiscal 2018, primarily in connection with underperforming full-price Michael Kors retail stores. See Note 14 for additional information. (2)The year-over-year change in carrying value reflects an impairment charge of $180 million and foreign currency translation of $25 million. The Company did not incur any impairment charges in prior periods. (3)The year-over-year change in carrying value relates to foreign currency translation.
Estimated Amortization Expense | Estimated amortization expense for each of the next five years is as follows (in millions):
Fiscal 2021 | $ | 46 |
Fiscal 2022 | 46 |
Fiscal 2023 | 46 |
Fiscal 2024 | 45 |
Fiscal 2025 | 45 |
Fiscal 2026 and thereafter | 467 |
| $ | 695 |
Changes in Goodwill for Reportable Segments | The following table details the changes in goodwill for each of the Company’s reportable segments (in millions):
| Versace |  | Jimmy Choo |  | Michael Kors (1) |  | Total
Balance at March 31, 2018 | $ | — |  |  | $ | 728 |  |  | $ | 120 |  |  | $ | 848 |
Acquisition of Versace (1) | 878 |  |  | — |  |  | — |  |  | 878 |
Foreign currency translation | (17) |  |  | (50) |  |  | — |  |  | (67) |
Balance at March 30, 2019 | 861 |  |  | 678 |  |  | 120 |  |  | 1,659 |
Acquisition | — |  |  | 11 |  |  | — |  |  | 11 |
Measurement period adjustment (1) | 26 |  |  | — |  |  | — |  |  | 26 |
Impairment charges (2) | — |  |  | (171) |  |  | — |  |  | (171) |
Foreign currency translation | (6) |  |  | (31) |  |  | — |  |  | (37) |
Balance at March 28, 2020 | $ | 881 |  |  | $ | 487 |  |  | $ | 120 |  |  | $ | 1,488 |
(1)See Note 5 for additional information. (2)The Company recorded impairment charges of $171 million related to the Jimmy Choo retail and licensing reporting units. The Company did not incur any goodwill impairment charges in prior periods.

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