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Segment Information (Tables) | 9 Months Ended
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Dec. 28, 2024
Segment Reporting [Abstract] |
Schedule of Key Performance Information of Reportable Segments | The following table presents the key performance information of the Company’s reportable segments (in millions):
| Three Months Ended |  | Nine Months Ended
| December 28, 2024 |  | December 30, 2023 |  | December 28, 2024 |  | December 30, 2023
Total revenue: |  |  |  |  |  |  |
Versace | $ | 193 |  |  | $ | 227 |  |  | $ | 613 |  |  | $ | 766 |
Jimmy Choo | 159 |  |  | 166 |  |  | 472 |  |  | 481 |
Michael Kors | 909 |  |  | 1,034 |  |  | 2,322 |  |  | 2,700 |
Total revenue | $ | 1,261 |  |  | $ | 1,427 |  |  | $ | 3,407 |  |  | $ | 3,947 |
Income (loss) from operations: |  |  |  |  |  |  |
Versace | $ | (21) |  |  | $ | (14) |  |  | $ | (41) |  |  | $ | 24 |
Jimmy Choo | (6) |  |  | 4 |  |  | (7) |  |  | 11 |
Michael Kors | 147 |  |  | 219 |  |  | 309 |  |  | 518 |
Total segment income from operations | 120 |  |  | 209 |  |  | 261 |  |  | 553 |
Less: Corporate expenses | (51) |  |  | (68) |  |  | (178) |  |  | (210) |
Impairment of assets (1) | (675) |  |  | (6) |  |  | (718) |  |  | (26) |
Merger related income (costs) | 14 |  |  | (8) |  |  | (1) |  |  | (12) |
Restructuring and other income (expense) | 2 |  |  | (5) |  |  | — |  |  | (3) |
Total (loss) income from operations | $ | (590) |  |  | $ | 122 |  |  | $ | (636) |  |  | $ | 302 |
(1)Impairment of assets during the nine months ended December 28, 2024 includes $617 million, $83 million and $18 million of impairment charges related to the Versace, Jimmy Choo and Michael Kors reportable segments, respectively. Impairment of assets during the three and nine months ended December 30, 2023 primarily related to operating lease right-of-use assets at certain Versace and Michael Kors store locations.
Schedule of Depreciation and Amortization Expense for Each Segment | Depreciation and amortization expense for each segment are as follows (in millions):
| Three Months Ended |  | Nine Months Ended
| December 28, 2024 |  | December 30, 2023 |  | December 28, 2024 |  | December 30, 2023
Depreciation and amortization: |  |  |  |  |  |  |
Versace | $ | 16 |  |  | $ | 14 |  |  | $ | 44 |  |  | $ | 40 |
Jimmy Choo | 7 |  |  | 7 |  |  | 22 |  |  | 22 |
Michael Kors | 19 |  |  | 20 |  |  | 59 |  |  | 61 |
Corporate | 7 |  |  | 5 |  |  | 20 |  |  | 16 |
Total depreciation and amortization | $ | 49 |  |  | $ | 46 |  |  | $ | 145 |  |  | $ | 139 |
Schedule of Total Revenue (as Recognized Based on Country of Origin) | Total revenue (based on country of origin) by geographic location are as follows (in millions):
| Three Months Ended |  | Nine Months Ended
| December 28, 2024 |  | December 30, 2023 |  | December 28, 2024 |  | December 30, 2023
Revenue: |  |  |  |  |  |  |
The Americas (United States, Canada and Latin America) (1) | $ | 754 |  |  | $ | 843 |  |  | $ | 1,918 |  |  | $ | 2,165 |
EMEA | 341 |  |  | 376 |  |  | 994 |  |  | 1,149 |
Asia | 166 |  |  | 208 |  |  | 495 |  |  | 633 |
Total revenue | $ | 1,261 |  |  | $ | 1,427 |  |  | $ | 3,407 |  |  | $ | 3,947 |
(1)Total revenue earned in the U.S. was $689 million and $1.741 billion, respectively, for the three and nine months ended December 28, 2024. Total revenue earned in the U.S. was $764 million and $1.959 billion, respectively, for the three and nine months ended December 30, 2023.

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