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Intangible Assets and Goodwill (Tables) | 3 Months Ended
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Jun. 29, 2024
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):
| June 29, 2024 |  | March 30, 2024
Definite-lived intangible assets: |  |  |
Reacquired rights | $ | 400 |  |  | $ | 400 |
Trademarks | 23 |  |  | 23 |
Customer relationships | 400 |  |  | 401 |
Gross definite-lived intangible assets | 823 |  |  | 824 |
Less: accumulated amortization | (324) |  |  | (314) |
Net definite-lived intangible assets | 499 |  |  | 510 |
Indefinite-lived intangible assets: |  |  |
Jimmy Choo brand (1) | 215 |  |  | 215 |
Versace brand (2) | 664 |  |  | 669 |
Net indefinite-lived intangible assets | 879 |  |  | 884 |
Total intangible assets, excluding goodwill | $ | 1,378 |  |  | $ | 1,394 |
Goodwill (3) | $ | 1,108 |  |  | $ | 1,106 |
(1)Includes accumulated impairment of $343 million as of June 29, 2024 and March 30, 2024. (2)Includes accumulated impairment of $227 million as of June 29, 2024 and March 30, 2024. The change in the carrying value since March 30, 2024 reflects the impact of foreign currency translation. (3)Includes accumulated impairment of $539 million related to the Jimmy Choo reporting units as of June 29, 2024 and March 30, 2024. The change in the carrying value since March 30, 2024 reflects the impact of the Sicla Acquisition, as well as 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):
| June 29, 2024 |  | March 30, 2024
Definite-lived intangible assets: |  |  |
Reacquired rights | $ | 400 |  |  | $ | 400 |
Trademarks | 23 |  |  | 23 |
Customer relationships | 400 |  |  | 401 |
Gross definite-lived intangible assets | 823 |  |  | 824 |
Less: accumulated amortization | (324) |  |  | (314) |
Net definite-lived intangible assets | 499 |  |  | 510 |
Indefinite-lived intangible assets: |  |  |
Jimmy Choo brand (1) | 215 |  |  | 215 |
Versace brand (2) | 664 |  |  | 669 |
Net indefinite-lived intangible assets | 879 |  |  | 884 |
Total intangible assets, excluding goodwill | $ | 1,378 |  |  | $ | 1,394 |
Goodwill (3) | $ | 1,108 |  |  | $ | 1,106 |
(1)Includes accumulated impairment of $343 million as of June 29, 2024 and March 30, 2024. (2)Includes accumulated impairment of $227 million as of June 29, 2024 and March 30, 2024. The change in the carrying value since March 30, 2024 reflects the impact of foreign currency translation. (3)Includes accumulated impairment of $539 million related to the Jimmy Choo reporting units as of June 29, 2024 and March 30, 2024. The change in the carrying value since March 30, 2024 reflects the impact of the Sicla Acquisition, as well as the impact of foreign currency translation.

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- 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://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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