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Intangible Assets and Goodwill (Tables)
9 Months Ended
Dec. 25, 2021
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 25,
2021
March 27,
2021
Definite-lived intangible assets:
Reacquired rights$400 $400 
Trademarks23 23 
Customer relationships (1)
423 437 
Gross definite-lived intangible assets846 860 
Less: accumulated amortization(218)(184)
Net definite-lived intangible assets628 676 
Indefinite-lived intangible assets:
Jimmy Choo brand (2)
328 338 
Versace brand (1)
939 978 
Net indefinite-lived intangible assets1,267 1,316 
Total intangible assets, excluding goodwill$1,895 $1,992 
Goodwill (3)
$1,447 $1,498 
(1)The change in the carrying value since March 27, 2021 reflects the impact of foreign currency translation.
(2)Includes accumulated impairment of $249 million as of December 25, 2021 and March 27, 2021. The change in the carrying value since March 27, 2021 reflects the impact of foreign currency translation.
(3)Includes accumulated impairment of $265 million related to the Jimmy Choo reporting units as of December 25, 2021 and March 27, 2021. The change in the carrying value since March 27, 2021 reflects the impact of foreign currency translation.
Schedule of Finite-Lived Intangible Assets
The following table details the carrying values of the Company’s intangible assets and goodwill (in millions):
 December 25,
2021
March 27,
2021
Definite-lived intangible assets:
Reacquired rights$400 $400 
Trademarks23 23 
Customer relationships (1)
423 437 
Gross definite-lived intangible assets846 860 
Less: accumulated amortization(218)(184)
Net definite-lived intangible assets628 676 
Indefinite-lived intangible assets:
Jimmy Choo brand (2)
328 338 
Versace brand (1)
939 978 
Net indefinite-lived intangible assets1,267 1,316 
Total intangible assets, excluding goodwill$1,895 $1,992 
Goodwill (3)
$1,447 $1,498 
(1)The change in the carrying value since March 27, 2021 reflects the impact of foreign currency translation.
(2)Includes accumulated impairment of $249 million as of December 25, 2021 and March 27, 2021. The change in the carrying value since March 27, 2021 reflects the impact of foreign currency translation.
(3)Includes accumulated impairment of $265 million related to the Jimmy Choo reporting units as of December 25, 2021 and March 27, 2021. The change in the carrying value since March 27, 2021 reflects the impact of foreign currency translation.