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Intangible Assets and Goodwill (Tables)
3 Months Ended
Jul. 02, 2022
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):
 July 2,
2022
April 2,
2022
Definite-lived intangible assets:
Reacquired rights$400 $400 
Trademarks23 23 
Customer relationships (1)
386 414 
Gross definite-lived intangible assets809 837 
Less: accumulated amortization(231)(228)
Net definite-lived intangible assets578 609 
Indefinite-lived intangible assets:
Jimmy Choo brand (2)
296 321 
Versace brand (1)
865 917 
Net indefinite-lived intangible assets1,161 1,238 
Total intangible assets, excluding goodwill$1,739 $1,847 
Goodwill (3)
$1,336 $1,418 
(1)The change in the carrying value since April 2, 2022 reflects the impact of foreign currency translation.
(2)Includes accumulated impairment of $249 million as of July 2, 2022 and April 2, 2022. The change in the carrying value since April 2, 2022 reflects the impact of foreign currency translation.
(3)Includes accumulated impairment of $265 million related to the Jimmy Choo reporting units as of July 2, 2022 and April 2, 2022. The change in the carrying value since April 2, 2022 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):
 July 2,
2022
April 2,
2022
Definite-lived intangible assets:
Reacquired rights$400 $400 
Trademarks23 23 
Customer relationships (1)
386 414 
Gross definite-lived intangible assets809 837 
Less: accumulated amortization(231)(228)
Net definite-lived intangible assets578 609 
Indefinite-lived intangible assets:
Jimmy Choo brand (2)
296 321 
Versace brand (1)
865 917 
Net indefinite-lived intangible assets1,161 1,238 
Total intangible assets, excluding goodwill$1,739 $1,847 
Goodwill (3)
$1,336 $1,418 
(1)The change in the carrying value since April 2, 2022 reflects the impact of foreign currency translation.
(2)Includes accumulated impairment of $249 million as of July 2, 2022 and April 2, 2022. The change in the carrying value since April 2, 2022 reflects the impact of foreign currency translation.
(3)Includes accumulated impairment of $265 million related to the Jimmy Choo reporting units as of July 2, 2022 and April 2, 2022. The change in the carrying value since April 2, 2022 reflects the impact of foreign currency translation.