v3.25.4

Intangible Assets and Goodwill (Tables) | 9 Months Ended
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Dec. 27, 2025
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 27, 2025 |  | March 29, 2025
Definite-lived intangible assets: |  |  |
Reacquired rights | $ | 400 |  |  | $ | 400 |
Trademarks | 23 |  |  | 23 |
Customer relationships (1) | 224 |  |  | 214 |
Gross definite-lived intangible assets | 647 |  |  | 637 |
Less: accumulated amortization | (285) |  |  | (259) |
Net definite-lived intangible assets | 362 |  |  | 378 |
Indefinite-lived intangible assets: |  |  |
Jimmy Choo brand (2) | 213 |  |  | 204 |
Net indefinite-lived intangible assets | 213 |  |  | 204 |
Intangible assets, net | $ | 575 |  |  | $ | 582 |
Goodwill (3) | $ | 203 |  |  | $ | 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 December 27, 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 December 27, 2025 and March 29, 2025.
Schedule of Finite-Lived Intangible Assets | The following table details the carrying values of the Company’s intangible assets and goodwill (in millions):
| December 27, 2025 |  | March 29, 2025
Definite-lived intangible assets: |  |  |
Reacquired rights | $ | 400 |  |  | $ | 400 |
Trademarks | 23 |  |  | 23 |
Customer relationships (1) | 224 |  |  | 214 |
Gross definite-lived intangible assets | 647 |  |  | 637 |
Less: accumulated amortization | (285) |  |  | (259) |
Net definite-lived intangible assets | 362 |  |  | 378 |
Indefinite-lived intangible assets: |  |  |
Jimmy Choo brand (2) | 213 |  |  | 204 |
Net indefinite-lived intangible assets | 213 |  |  | 204 |
Intangible assets, net | $ | 575 |  |  | $ | 582 |
Goodwill (3) | $ | 203 |  |  | $ | 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 December 27, 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 December 27, 2025 and March 29, 2025.

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