XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.22.4

Intangible Assets and Goodwill (Tables) | 9 Months Ended
--- | ---
Dec. 31, 2022
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 and goodwill (in millions):
| December 31, 2022 |  | April 2, 2022
Definite-lived intangible assets: |  |  |
Reacquired rights | $ | 400 |  |  | $ | 400 |
Trademarks | 23 |  |  | 23 |
Customer relationships (1) | 391 |  |  | 414 |
Gross definite-lived intangible assets | 814 |  |  | 837 |
Less: accumulated amortization | (256) |  |  | (228) |
Net definite-lived intangible assets | 558 |  |  | 609 |
Indefinite-lived intangible assets: |  |  |
Jimmy Choo brand (2) | 297 |  |  | 321 |
Versace brand (1) | 888 |  |  | 917 |
Net indefinite-lived intangible assets | 1,185 |  |  | 1,238 |
Total intangible assets, excluding goodwill | $ | 1,743 |  |  | $ | 1,847 |
Goodwill (3) | $ | 1,358 |  |  | $ | 1,418 |
(1)The change in the carrying value since April 2, 2022 reflects the impact of foreign currency translation. (2)Includes accumulated impairment of $249 million as of December 31, 2022 and April 2, 2022. The change in the carrying value since April 2, 2022 reflects the impact of foreign currency translation. (3)Includes accumulated impairment of $265 million related to the Jimmy Choo reporting units as of December 31, 2022 and April 2, 2022. The change in the carrying value since April 2, 2022 reflects the impact of foreign currency translation.
Schedule of Finite-Lived Intangible Assets | The following table details the carrying values of the Company’s intangible assets and goodwill (in millions):
| December 31, 2022 |  | April 2, 2022
Definite-lived intangible assets: |  |  |
Reacquired rights | $ | 400 |  |  | $ | 400 |
Trademarks | 23 |  |  | 23 |
Customer relationships (1) | 391 |  |  | 414 |
Gross definite-lived intangible assets | 814 |  |  | 837 |
Less: accumulated amortization | (256) |  |  | (228) |
Net definite-lived intangible assets | 558 |  |  | 609 |
Indefinite-lived intangible assets: |  |  |
Jimmy Choo brand (2) | 297 |  |  | 321 |
Versace brand (1) | 888 |  |  | 917 |
Net indefinite-lived intangible assets | 1,185 |  |  | 1,238 |
Total intangible assets, excluding goodwill | $ | 1,743 |  |  | $ | 1,847 |
Goodwill (3) | $ | 1,358 |  |  | $ | 1,418 |
(1)The change in the carrying value since April 2, 2022 reflects the impact of foreign currency translation. (2)Includes accumulated impairment of $249 million as of December 31, 2022 and April 2, 2022. The change in the carrying value since April 2, 2022 reflects the impact of foreign currency translation. (3)Includes accumulated impairment of $265 million related to the Jimmy Choo reporting units as of December 31, 2022 and April 2, 2022. The change in the carrying value since April 2, 2022 reflects the impact of foreign 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 https://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 https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://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 https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration