Segment Information (Tables)

3 Months Ended

Jun. 29, 2024

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
	June 29, 2024		July 1, 2023
Total revenue:
Versace	$	219	$	259
Jimmy Choo	173		183
Michael Kors	675		787
Total revenue	$	1,067	$	1,229
Income (loss) from operations:
Versace	$	(17)	$	3
Jimmy Choo	4		16
Michael Kors	75		130
Total segment income from operations	62		149
Less: Corporate expenses	(64)		(71)
Merger related costs	(5)		—
Restructuring and other (expense) income	(1)		2
Total (loss) income from operations	$	(8)	$	80

Schedule of Depreciation and Amortization Expense for Each Segment

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

	Three Months Ended
	June 29, 2024		July 1, 2023
Depreciation and amortization:
Versace	$	14	$	13
Jimmy Choo	7		7
Michael Kors	20		21
Corporate	6		4
Total depreciation and amortization	$	47	$	45

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
	June 29, 2024		July 1, 2023
Revenue:
The Americas (United States, Canada and Latin America) (1)	$	573	$	632
EMEA	305		372
Asia	189		225
Total revenue	$	1,067	$	1,229

(1)Total revenue earned in the U.S. was $523 million and $578 million for the three months ended June 29, 2024 and July 1, 2023, respectively