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Intangible Assets and Goodwill (Tables)
6 Months Ended
Sep. 28, 2024
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 28,
2024
March 30,
2024
Definite-lived intangible assets:
Reacquired rights $400 $400 
Trademarks23 23 
Customer relationships (1)
420 401 
Gross definite-lived intangible assets843 824 
Less: accumulated amortization(344)(314)
Net definite-lived intangible assets499 510 
Indefinite-lived intangible assets:
Jimmy Choo brand (2)
227 215 
Versace brand (3)
692 669 
Net indefinite-lived intangible assets919 884 
Total intangible assets, excluding goodwill$1,418 $1,394 
Goodwill (4)
$1,153 $1,106 
(1)The change in the carrying value since March 30, 2024 reflects the impact of foreign currency translation adjustments.
(2)Includes accumulated impairment of $343 million as of September 28, 2024 and March 30, 2024. The change in the carrying value since March 30, 2024 reflects the impact of foreign currency translation adjustments.
(3)Includes accumulated impairment of $227 million as of September 28, 2024 and March 30, 2024. The change in the carrying value since March 30, 2024 reflects the impact of foreign currency translation adjustments.
(4)Includes accumulated impairment of $539 million related to the Jimmy Choo reporting units as of September 28, 2024 and March 30, 2024. The change in the carrying value since March 30, 2024 reflects the impact of the Sicla Acquisition, as well as the impact of foreign currency translation adjustments.
Schedule of Finite-Lived Intangible Assets
The following table details the carrying values of the Company’s intangible assets and goodwill (in millions):
 September 28,
2024
March 30,
2024
Definite-lived intangible assets:
Reacquired rights $400 $400 
Trademarks23 23 
Customer relationships (1)
420 401 
Gross definite-lived intangible assets843 824 
Less: accumulated amortization(344)(314)
Net definite-lived intangible assets499 510 
Indefinite-lived intangible assets:
Jimmy Choo brand (2)
227 215 
Versace brand (3)
692 669 
Net indefinite-lived intangible assets919 884 
Total intangible assets, excluding goodwill$1,418 $1,394 
Goodwill (4)
$1,153 $1,106 
(1)The change in the carrying value since March 30, 2024 reflects the impact of foreign currency translation adjustments.
(2)Includes accumulated impairment of $343 million as of September 28, 2024 and March 30, 2024. The change in the carrying value since March 30, 2024 reflects the impact of foreign currency translation adjustments.
(3)Includes accumulated impairment of $227 million as of September 28, 2024 and March 30, 2024. The change in the carrying value since March 30, 2024 reflects the impact of foreign currency translation adjustments.
(4)Includes accumulated impairment of $539 million related to the Jimmy Choo reporting units as of September 28, 2024 and March 30, 2024. The change in the carrying value since March 30, 2024 reflects the impact of the Sicla Acquisition, as well as the impact of foreign currency translation adjustments.