v3.25.4
Intangible Assets and Goodwill
 9 Months Ended
Dec. 27, 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):
December 27,
2025		March 29,
2025
Definite-lived intangible assets:
Reacquired rights $400 $400 
Trademarks23 23 
Customer relationships (1)
224 214 
Gross definite-lived intangible assets647 637 
Less: accumulated amortization(285)(259)
Net definite-lived intangible assets362 378 
Indefinite-lived intangible assets:
Jimmy Choo brand (2)
213 204 
Net indefinite-lived intangible assets213 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.
Amortization expense for the Company’s definite-lived intangible assets was $7 million and $21 million for the three and nine months ended December 27, 2025, respectively. Amortization expense for the Company’s definite-lived intangible assets was $7 million and $20 million for the three and nine months ended December 28, 2024, respectively.