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Segment Information
 12 Months Ended
Mar. 27, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company operates its business through three operating segments—Versace, Jimmy Choo and Michael Kors, which are based on its business activities and organization. The reportable segments are segments of the Company for which separate financial information is available and for which operating results are evaluated regularly by the Company’s chief operating decision maker (“CODM”) in deciding how to allocate resources, as well as in assessing performance. The primary key performance indicators are revenue and operating income for each segment. The Company’s reportable segments represent components of the business that offer similar merchandise, customer experience and sales/marketing strategies.
The Company’s three reportable segments are as follows:
•Versace — segment includes revenue generated through the sale of Versace luxury ready-to-wear, accessories and footwear through directly operated Versace boutiques throughout North America (United States and Canada), EMEA and certain parts of Asia, as well as through Versace outlet stores and e-commerce sites. In addition, revenue is generated through wholesale sales to distribution partners (including geographic licensing arrangements that allow third parties to use the Versace trademarks in connection with retail and/or wholesale sales of Versace branded products in specific geographic regions), multi-brand department stores and specialty stores worldwide, as well as through product license agreements in connection with the manufacturing and sale of jeans, fragrances, watches, jewelry, eyewear and home furnishings.
•Jimmy Choo — segment includes revenue generated through the sale of Jimmy Choo luxury footwear, handbags and small leather goods through directly operated Jimmy Choo retail and outlet stores throughout the Americas, EMEA and certain parts of Asia, through its e-commerce sites, as well as through wholesale sales of luxury goods to distribution partners (including geographic licensing arrangements that allow third parties to use the Jimmy Choo trademarks in connection with retail and/or wholesale sales of Jimmy Choo branded products in specific geographic regions), multi-brand department stores and specialty stores worldwide. In addition, revenue is generated through product licensing agreements, which allow third parties to use the Jimmy Choo brand name and trademarks in connection with the manufacturing and sale of fragrances and eyewear.
•Michael Kors — segment includes revenue generated through the sale of Michael Kors products through four primary Michael Kors retail store formats: “Collection” stores, “Lifestyle” stores (including concessions), outlet stores and e-commerce sites, through which the Company sells Michael Kors products, as well as licensed products bearing the Michael Kors name, directly to consumers throughout the Americas, Europe and certain parts of Asia. The Company also sells Michael Kors products directly to department stores, primarily located across the Americas and Europe, to specialty stores and travel retail shops, and to its geographic licensees. In addition, revenue is generated through product and geographic licensing arrangements, which allow third parties to use the Michael Kors brand name and trademarks in connection with the manufacturing and sale of products, including watches, jewelry, fragrances and eyewear.
In addition to these reportable segments, the Company has certain corporate costs that are not directly attributable to its brands and, therefore, are not allocated to its segments. Such costs primarily include certain administrative, corporate occupancy, shared service and information systems expenses, including enterprise resource planning system implementation costs. In addition, certain other costs are not allocated to segments, including restructuring and other charges (including transition costs related to the Company’s recent acquisitions), impairment costs and COVID-19 related charges. The segment structure is consistent with how the Company’s CODM plans and allocates resources, manages the business and assesses performance. All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance.
The following table presents the key performance information of the Company’s reportable segments (in millions):
 Fiscal Years Ended
 March 27,
2021		March 28,
2020		March 30,
2019
Total revenue:
Versace$718 $843 $137 
Jimmy Choo418 555 590 
Michael Kors2,924 4,153 4,511 
Total revenue$4,060 $5,551 $5,238 
Income (loss) from operations:
Versace$21 $(8)$(11)
Jimmy Choo(55)(13)20 
Michael Kors595 850 964 
Total segment income from operations561 829 973 
Less:Corporate expenses(152)(152)(93)
Impairment of assets (1)
(316)(708)(21)
COVID-19 related charges (2)
(42)(119)— 
Restructuring and other charges(32)(42)(124)
Total income (loss) from operations$19 $(192)$735 

(1)Impairment of assets during Fiscal 2021 includes $191 million, $91 million and $34 million of impairment charges related to the Jimmy Choo, Michael Kors and Versace reportable segments, respectively. Impairment of assets during Fiscal 2020 includes $434 million, $187 million and $87 million of impairment charges related to the Jimmy Choo, Michael Kors and Versace reportable segments, respectively. The impairment charges during Fiscal 2019 were primarily related to the Michael Kors reportable segment.
(2)COVID-19 related charges during Fiscal 2021 primarily include net incremental inventory reserves and severance expense of $10 million and $24 million, respectively, recorded within costs of goods sold and selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income. COVID-19 related charges during Fiscal 2020, primarily include additional inventory reserves and credit losses of $92 million and $25 million, respectively, recorded within costs of goods sold and selling, general and administrative expenses in the consolidated statements of operations and comprehensive (loss) income.
Depreciation and amortization expense for each segment are as follows (in millions):
 Fiscal Years Ended
 March 27,
2021		March 28,
2020		March 30,
2019
Depreciation and amortization (1):
Versace$54 $61 $9 
Jimmy Choo31 33 34 
Michael Kors127 155 182 
Total depreciation and amortization$212 $249 $225 

(1)Excluded from the above table are impairment charges, which are detailed in the below table and in Note 8, Note 9 and Note 14.
See Note 9 to the accompanying consolidated financial statements for the Company’s goodwill by reportable segment.
Total revenue (based on country of origin) and long-lived assets by geographic location are as follows (in millions):
 Fiscal Years Ended
 March 27,
2021		March 28,
2020		March 30,
2019
Revenue:
The Americas (U.S., Canada and Latin America) (1)
$2,172 $3,115 $3,182 
EMEA1,029 1,523 1,279 
Asia 859 913 777 
Total revenue$4,060 $5,551 $5,238 

 As of
March 27,
2021		March 28,
2020		March 30,
2019
Long-lived assets: (2)
The Americas (U.S., Canada and Latin America) (1)
$1,001 $1,132 $319 
EMEA2,384 2,432 2,123 
Asia 596 608 466 
Total long-lived assets:$3,981 $4,172 $2,908 

(1)Net revenues earned in the U.S. during Fiscal 2021, Fiscal 2020, and Fiscal 2019 were $2.016 billion, $2.898 billion and $2.972 billion, respectively. Long-lived assets located in the U.S. as of March 27, 2021 and March 28, 2020 were $942 million and $1.060 billion, respectively.
(2)Long-lived assets as of March 27, 2021 and March 28, 2020 include property and equipment, net, intangible assets, net and operating lease right-of-use assets resulting from the Company’s adoption of ASU 2016-02. See Note 4 for additional information.

As of March 27, 2021, the Company's total long-lived assets on its consolidated balance sheet were $3.981 billion, of which, $1.729 billion related to Versace, $1.515 billion related to Michael Kors and $737 million related to Jimmy Choo.
Total revenue by major product category are as follows (in millions):
 Fiscal Years Ended
 March 27,
2021		% of
Total		March 28,
2020		% of
Total		March 30,
2019		% of
Total
Accessories$2,158 53.2%$2,933 52.8 %$3,139 59.9 %
Footwear796 19.6%1,100 19.8 %1,023 19.5 %
Apparel720 17.7%1,069 19.3 %698 13.3 %
Licensed product185 4.6%222 4.0 %218 4.2 %
Licensing revenue155 3.8%201 3.6 %156 3.0 %
Other46 1.1%26 0.5 %4 0.1 %
Total revenue$4,060 $5,551 $5,238