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Segment Information
 9 Months Ended
Dec. 31, 2022
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 the Americas, certain parts of 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 and accessories through directly operated Jimmy Choo retail and outlet stores throughout the Americas, certain parts of 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, certain parts of EMEA 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 system expenses, including enterprise resource planning system implementation costs. In addition, certain other costs are not allocated to segments, including restructuring and other charges 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):
 Three Months EndedNine Months Ended
 December 31,
2022		December 25,
2021		December 31,
2022		December 25,
2021
Total revenue:
Versace$249 $251 $832 $773 
Jimmy Choo168 178 482 457 
Michael Kors1,095 1,180 2,970 2,932 
Total revenue$1,512 $1,609 $4,284 $4,162 
Income from operations:
Versace$24 $32 $138 $135 
Jimmy Choo18 16 45 28 
Michael Kors251 335 721 795 
Total segment income from operations293 383 904 958 
Less: Corporate expenses
(56)(37)(171)(123)
Impairment of assets (1)
(1)— (12)(33)
Restructuring and other charges(5)(14)(11)(25)
COVID-19 related charges2 (1)6 7 
Impact of war in Ukraine3 — 3 — 
Total income from operations$236 $331 $719 $784 
(1)Impairment of assets during the nine months ended December 31, 2022 and December 25, 2021, respectively, primarily related to operating lease right-of-use assets at certain Michael Kors store locations.

Depreciation and amortization expense for each segment are as follows (in millions):
 Three Months EndedNine Months Ended
 December 31,
2022		December 25,
2021		December 31,
2022		December 25,
2021
Depreciation and amortization:
Versace$12 $13 $36 $39 
Jimmy Choo7 8 21 23 
Michael Kors22 26 70 84 
Corporate2 — 4 — 
Total depreciation and amortization$43 $47 $131 $146 
Total revenue (based on country of origin) by geographic location are as follows (in millions):
 Three Months EndedNine Months Ended
 December 31,
2022		December 25,
2021		December 31,
2022		December 25,
2021
Revenue:
The Americas (United States, Canada and Latin America) (1)
$916 $954 $2,516 $2,370 
EMEA395 405 1,159 1,095 
Asia201 250 609 697 
Total revenue$1,512 $1,609 $4,284 $4,162 
(1)Total revenue earned in the U.S. was $840 million and $2.312 billion, respectively, for the three and nine months ended December 31, 2022. Total revenue earned in the U.S. was $885 million and $2.207 billion, respectively, for the three and nine months ended December 25, 2021.