XML 88 R16.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Intangible Assets and Goodwill | 3 Months Ended
--- | ---
Dec. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Intangible Assets and Goodwill The following table details the carrying values of the Company’s intangible assets and goodwill (in millions):
| December 28, 2019 |  | March 30, 2019
Definite-lived intangible assets: |  |  |
Reacquired Rights | $ | 400 |  |  | $ | 400 |
Trademarks | 23 |  |  | 23 |
Key Money (1) | 68 |  |  | 96 |
Customer Relationships | 415 |  |  |  | 415 |
Total definite-lived intangible assets | 906 |  |  | 934 |
Less: accumulated amortization | (181) |  |  | (143) |
Net definite-lived intangible assets | 725 |  |  | 791 |
Indefinite-lived intangible assets: |  |  |
Jimmy Choo brand | 574 |  |  |  | 572 |
Versace brand | 926 |  |  |  | 930 |
| 1,500 |  |  | 1,502 |
Total intangible assets, excluding goodwill | $ | 2,225 |  |  | $ | 2,293 |
Goodwill (2) | $ | 1,681 |  |  |  | $ | 1,659 |
(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. (2)The change in the carrying values since March 30, 2019 primarily relates to the goodwill adjustment discussed in Note 5. Amortization expense for the Company’s definite-lived intangible assets for the three months ended December 28, 2019 and December 29, 2018 was $13 million and $7 million, respectively, and was $39 million and $24 million, respectively, for the nine months ended December 28, 2019 and December 29, 2018. During the three and nine months ended December 28, 2019, the Company recorded impairment charges of $2 million and $8 million, respectively, primarily related to intangible assets associated with its premier Michael Kors store locations (see Note 13 for further information). Impairment charges recorded during the nine months ended December 29, 2018 were $2 million. There were no goodwill or other indefinite-lived intangible asset impairment charges recorded during any of the periods presented.

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 The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration