Restructuring and Other Expense

9 Months Ended

Dec. 30, 2023

Restructuring and Related Activities [Abstract]

Restructuring and Other Expense (Income)

Restructuring and Other Expense

During the three months ended December 30, 2023, the Company recorded costs of $5 million, primarily related to equity awards associated with the acquisition of Versace and severance expenses incurred during the third quarter.

During the nine months ended December 30, 2023, the Company recorded costs of $3 million, primarily related to expenses related to equity awards associated with the acquisition of Versace and severance for certain employees, partially offset by a $10 million gain on the sale of a long-lived corporate asset.

During the three and nine months ended December 31, 2022, the Company recorded expenses of $5 million and $11 million, respectively, primarily related to equity awards associated with the acquisition of Versace