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Intangible Assets and Goodwill (Tables)
3 Months Ended
Jun. 28, 2025
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):
June 28,
2025
March 29,
2025
Definite-lived intangible assets:
Reacquired rights $400 $400 
Trademarks23 23 
Customer relationships (1)
227 214 
Gross definite-lived intangible assets650 637 
Less: accumulated amortization(272)(259)
Net definite-lived intangible assets378 378 
Indefinite-lived intangible assets:
Jimmy Choo brand (2)
217 204 
Net indefinite-lived intangible assets217 204 
Intangible assets, net$595 $582 
Goodwill (3)
$204 $199 
(1)The change in the carrying value since March 29, 2025 reflects the impact of foreign currency translation adjustments.
(2)The change in the carrying value since March 29, 2025 reflects the impact of foreign currency translation adjustments. As of June 28, 2025 and March 29, 2025, the Company had accumulated impairment charges of $358 million related to its Jimmy Choo brand intangible assets.
(3)Includes accumulated impairment of $605 million related to the Jimmy Choo reporting units as of June 28, 2025 and March 29, 2025.
Schedule of Finite-Lived Intangible Assets
The following table details the carrying values of the Company’s intangible assets and goodwill (in millions):
June 28,
2025
March 29,
2025
Definite-lived intangible assets:
Reacquired rights $400 $400 
Trademarks23 23 
Customer relationships (1)
227 214 
Gross definite-lived intangible assets650 637 
Less: accumulated amortization(272)(259)
Net definite-lived intangible assets378 378 
Indefinite-lived intangible assets:
Jimmy Choo brand (2)
217 204 
Net indefinite-lived intangible assets217 204 
Intangible assets, net$595 $582 
Goodwill (3)
$204 $199 
(1)The change in the carrying value since March 29, 2025 reflects the impact of foreign currency translation adjustments.
(2)The change in the carrying value since March 29, 2025 reflects the impact of foreign currency translation adjustments. As of June 28, 2025 and March 29, 2025, the Company had accumulated impairment charges of $358 million related to its Jimmy Choo brand intangible assets.
(3)Includes accumulated impairment of $605 million related to the Jimmy Choo reporting units as of June 28, 2025 and March 29, 2025.