XML 37 R26.htm IDEA: XBRL DOCUMENT v3.23.2
Revenue Recognition (Tables)
3 Months Ended
Jul. 01, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Contractually Guaranteed Minimum Fees
As of July 1, 2023, contractually guaranteed minimum fees from the Company’s license agreements expected to be recognized as revenue during future periods were as follows (in millions):
Contractually Guaranteed Minimum Fees
Remainder of Fiscal 2024$25 
Fiscal 202533 
Fiscal 202630 
Fiscal 202726 
Fiscal 202818 
Fiscal 2029 and thereafter29 
 Total$161 
Schedule of Segment Revenues Disaggregated by Geographic Location The following table presents the Company’s segment revenue disaggregated by geographic location (in millions):
 Three Months Ended
 July 1,
2023
July 2,
2022
Versace revenue - the Americas$82 $115 
Versace revenue - EMEA116 107 
Versace revenue - Asia61 53 
 Total Versace259 275 
Jimmy Choo revenue - the Americas49 54 
Jimmy Choo revenue - EMEA81 66 
Jimmy Choo revenue - Asia53 52 
Total Jimmy Choo183 172 
Michael Kors revenue - the Americas501 625 
Michael Kors revenue - EMEA175 191 
Michael Kors revenue - Asia111 97 
 Total Michael Kors787 913 
Total revenue - the Americas632 794 
Total revenue - EMEA372 364 
Total revenue - Asia225 202 
Total revenue$1,229 $1,360