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Segment Information (Tables)
6 Months Ended
Dec. 28, 2019
Segment Reporting [Abstract]  
Summary of Segment Performance
The following table summarizes segment performance for the three and six months ended December 28, 2019 and December 29, 2018:
 
Coach
 
Kate
Spade
 
Stuart Weitzman
 
Corporate(1)
 
Total
 
(millions)
Three Months Ended December 28, 2019
 

 
 

 
 

 
 

 
 

Net sales
$
1,269.9

 
$
430.4

 
$
115.7

 
$

 
$
1,816.0

Gross profit
877.3

 
262.4

 
70.0

 

 
1,209.7

Operating income (loss)
382.8

 
67.9

 
9.6

 
(97.2
)
 
363.1

Income (loss) before provision for income taxes
382.8

 
67.9

 
9.6

 
(105.3
)
 
355.0

Depreciation and amortization expense(2)
29.0

 
14.7

 
4.2

 
13.0

 
60.9

Additions to long-lived assets(3)
20.1

 
18.3

 
5.1

 
6.8

 
50.3

 
 
 
 
 
 
 
 
 
 
Three Months Ended December 29, 2018
 

 
 

 
 

 
 

 
 

Net sales
$
1,248.6

 
$
428.4

 
$
123.8

 
$

 
$
1,800.8

Gross profit
860.1

 
272.4

 
71.0

 

 
1,203.5

Operating income (loss)
374.4

 
88.3

 
9.9

 
(96.1
)
 
376.5

Income (loss) before provision for income taxes
374.4

 
88.3

 
9.9

 
(105.1
)
 
367.5

Depreciation and amortization expense(2)
33.6

 
16.0

 
3.9

 
12.6

 
66.1

Additions to long-lived assets(3)
16.0

 
18.9

 
2.2

 
24.1

 
61.2

 
 
 
 
 
 
 
 
 
 
Six Months Ended December 28, 2019
 

 
 

 
 

 
 

 
 

Net sales
$
2,235.8

 
$
735.9

 
$
202.2

 
$

 
$
3,173.9

Gross profit
1,554.9

 
453.9

 
115.4

 

 
2,124.2

Operating income (loss)
582.3

 
60.7

 
(9.7
)
 
(218.6
)
 
414.7

Income (loss) before provision for income taxes
582.3

 
60.7

 
(9.7
)
 
(251.7
)
 
381.6

Depreciation and amortization expense(2)
79.1

 
42.0

 
17.7

 
26.2

 
165.0

Additions to long-lived assets(3)
44.7

 
35.3

 
10.3

 
31.9

 
122.2

 
 
 
 
 
 
 
 
 
 
Six Months Ended December 29, 2018
 

 
 

 
 

 
 

 
 

Net sales
$
2,209.3

 
$
753.8

 
$
218.9

 
$

 
$
3,182.0

Gross profit
1,539.8

 
480.1

 
118.7

 

 
2,138.6

Operating income (loss)
609.5

 
133.0

 
(7.8
)
 
(195.9
)
 
538.8

Income (loss) before provision for income taxes
609.5

 
133.0

 
(7.8
)
 
(222.6
)
 
512.1

Depreciation and amortization expense(2)
67.1

 
28.6

 
8.1

 
23.7

 
127.5

Additions to long-lived assets(3)
33.3

 
38.6

 
3.8

 
40.7

 
116.4

 

(1) 
Corporate, which is not a reportable segment, represents certain costs that are not directly attributable to a brand. These costs primarily include administration and certain information systems expense.
(2) 
Depreciation and amortization expense includes $0.1 million and $0.2 million of integration costs recorded within the Kate Spade segment for the three and six months ended December 28, 2019 and $0.8 million and $1.2 million for the three and six months ended December 29, 2018, respectively. Depreciation and amortization expense includes impairment charges of $19.5 million for Coach, $12.0 million for Kate Spade and $8.3 million for Stuart Weitzman for the six months ended December 28, 2019. Refer to Note 13, "Fair Value Measurements," for further information. Depreciation and amortization expense for the segments includes an allocation of expense related to assets which support multiple segments.
(3) 
Additions to long-lived assets for the reportable segments primarily includes store assets as well as assets that support a specific brand. Corporate additions include all other assets which include a combination of Corporate assets, as well as assets that may support all segments. As such, depreciation expense for these assets may be subsequently allocated to a reportable segment.