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Intangible Assets and Goodwill (Tables)
6 Months Ended
Sep. 30, 2023
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):
 September 30,
2023
April 1,
2023
Definite-lived intangible assets:
Reacquired rights$400 $400 
Trademarks23 23 
Customer relationships (1)
390 397 
Gross definite-lived intangible assets813 820 
Less: accumulated amortization(288)(268)
Net definite-lived intangible assets525 552 
Indefinite-lived intangible assets:
Jimmy Choo brand (2)
274 277 
Versace brand (1)
877 899 
Net indefinite-lived intangible assets1,151 1,176 
Total intangible assets, excluding goodwill$1,676 $1,728 
Goodwill (3)
$1,268 $1,293 
(1)The change in the carrying value since April 1, 2023 reflects the impact of foreign currency translation.
(2)Includes accumulated impairment of $273 million as of September 30, 2023 and April 1, 2023. The change in the carrying value since April 1, 2023 reflects the impact of foreign currency translation.
(3)Includes accumulated impairment of $347 million related to the Jimmy Choo reporting units as of September 30, 2023 and April 1, 2023. The change in the carrying value since April 1, 2023 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):
 September 30,
2023
April 1,
2023
Definite-lived intangible assets:
Reacquired rights$400 $400 
Trademarks23 23 
Customer relationships (1)
390 397 
Gross definite-lived intangible assets813 820 
Less: accumulated amortization(288)(268)
Net definite-lived intangible assets525 552 
Indefinite-lived intangible assets:
Jimmy Choo brand (2)
274 277 
Versace brand (1)
877 899 
Net indefinite-lived intangible assets1,151 1,176 
Total intangible assets, excluding goodwill$1,676 $1,728 
Goodwill (3)
$1,268 $1,293 
(1)The change in the carrying value since April 1, 2023 reflects the impact of foreign currency translation.
(2)Includes accumulated impairment of $273 million as of September 30, 2023 and April 1, 2023. The change in the carrying value since April 1, 2023 reflects the impact of foreign currency translation.
(3)Includes accumulated impairment of $347 million related to the Jimmy Choo reporting units as of September 30, 2023 and April 1, 2023. The change in the carrying value since April 1, 2023 reflects the impact of foreign currency translation.