XML 25 R13.htm IDEA: XBRL DOCUMENT v3.20.2
Intangible Assets and Goodwill
 6 Months Ended
Sep. 26, 2020
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):
 September 26,
2020		March 28,
2020
Definite-lived intangible assets:
Reacquired Rights $400 $400 
Trademarks23 23 
Customer Relationships418 404 
Total definite-lived intangible assets841 827 
Less: accumulated amortization(157)(132)
Net definite-lived intangible assets684 695 
Indefinite-lived intangible assets:
Jimmy Choo brand (1)
376 367 
Versace brand (2)
964 924 
1,340 1,291 
Total intangible assets, excluding goodwill$2,024 $1,986 
Goodwill (3)
$1,539 $1,488 

(1)Includes accumulated impairment of $180 million recorded during the fourth quarter of Fiscal 2020. The change in the carrying value since March 28, 2020 reflects the impact of foreign currency translation.
(2)The change in the carrying value since March 28, 2020 reflects the impact of foreign currency translation.
(3)Includes accumulated impairment of $171 million related to the Jimmy Choo retail and licensing reporting units recorded during the fourth quarter of Fiscal 2020. The change in the carrying value since March 28, 2020 reflects the impact of foreign currency translation.
Amortization expense for the Company’s definite-lived intangible assets for the three months ended September 26, 2020 and September 28, 2019 was $12 million and $13 million, respectively, and was $23 million and $26 million for the six months ended September 26, 2020 and September 28, 2019, respectively.