Segment Information (Tables)

6 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Key Performance Information of Reportable Segments

The following table presents the key performance information of the Company’s reportable segments (in millions):

	Three Months Ended				Six Months Ended
	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Total revenue:
Versace	$	280	$	308	$	539	$	583
Jimmy Choo	132		142		315		314
Michael Kors	879		962		1,666		1,875
Total revenue	$	1,291	$	1,412	$	2,520	$	2,772
Income (loss) from operations:
Versace	$	35	$	62	$	38	$	114
Jimmy Choo	(9)		8		7		27
Michael Kors	169		248		299		470
Total segment income from operations	195		318		344		611
Less: Corporate expenses	(71)		(55)		(142)		(115)
Impairment of assets (1)	(20)		(11)		(20)		(11)
Merger related costs	(4)		—		(4)		—
Restructuring and other (expense) income	—		(3)		2		(6)
COVID-19 related expenses	—		3		—		4
Total income from operations	$	100	$	252	$	180	$	483

(1)Impairment of assets during the three and six months ended September 30, 2023 primarily related to operating lease right-of-use assets at certain Versace and Michael Kors store locations. Impairment of assets during the three and six months ended October 1, 2022 primarily related to operating lease right-of-use assets at certain Michael Kors store locations.

Schedule of Depreciation and Amortization Expense for Each Segment

Depreciation and amortization expense for each segment are as follows (in millions):

	Three Months Ended				Six Months Ended
	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Depreciation and amortization:
Versace	$	13	$	12	$	26	$	24
Jimmy Choo	8		7		15		14
Michael Kors	20		23		41		48
Corporate	7		1		11		2
Total depreciation and amortization	$	48	$	43	$	93	$	88

Schedule of Total Revenue (as Recognized Based on Country of Origin)

Total revenue (based on country of origin) by geographic location are as follows (in millions):

	Three Months Ended				Six Months Ended
	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Revenue:
The Americas (United States, Canada and Latin America) (1)	$	690	$	806	$	1,322	$	1,600
EMEA	401		400		773		764
Asia	200		206		425		408
Total revenue	$	1,291	$	1,412	$	2,520	$	2,772

(1)Total revenue earned in the U.S. was $617 million and $1.195 billion, respectively, for the three and six months ended September 30, 2023. Total revenue earned in the U.S. was $739 million and $1.472 billion, respectively, for the three and six months ended October 1, 2022.