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Intangible Assets and Goodwill | 3 Months Ended
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Jun. 28, 2025
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):
| June 28, 2025 |  | March 29, 2025
Definite-lived intangible assets: |  |  |
Reacquired rights | $ | 400 |  |  | $ | 400 |
Trademarks | 23 |  |  | 23 |
Customer relationships (1) | 227 |  |  | 214 |
Gross definite-lived intangible assets | 650 |  |  | 637 |
Less: accumulated amortization | (272) |  |  | (259) |
Net definite-lived intangible assets | 378 |  |  | 378 |
Indefinite-lived intangible assets: |  |  |
Jimmy Choo brand (2) | 217 |  |  | 204 |
Net indefinite-lived intangible assets | 217 |  |  | 204 |
Intangible assets, net | $ | 595 |  |  | $ | 582 |
Goodwill (3) | $ | 204 |  |  | $ | 199 |
(1)The change in the carrying value since March 29, 2025 reflects the impact of foreign currency translation adjustments. (2)The change in the carrying value since March 29, 2025 reflects the impact of foreign currency translation adjustments. As of June 28, 2025 and March 29, 2025, the Company had accumulated impairment charges of $358 million related to its Jimmy Choo brand intangible assets. (3)Includes accumulated impairment of $605 million related to the Jimmy Choo reporting units as of June 28, 2025 and March 29, 2025. Amortization expense for the Company’s definite-lived intangible assets was $7 million for the three months ended June 28, 2025. Amortization expense for the Company’s definite-lived intangible assets was $6 million for the three months ended June 29, 2024.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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