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Intangible Assets and Goodwill (Tables)
 12 Months Ended
Mar. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying Values of Finite-Lived Intangible Assets
The following table details the carrying values of the Company’s intangible assets other than goodwill (in millions):
 March 30, 2024April 1, 2023
 Gross
Carrying
Amount		Accumulated
Amortization/Impairment		Net Carrying AmountGross
Carrying
Amount		Accumulated
Amortization/Impairment		Net Carrying Amount
Definite-lived intangible assets:
Reacquired rights $400 $126 $274 $400 $109 $291 
Trademarks23 23 — 23 23 — 
Customer relationships401 165 236 397 136 261 
Total definite-lived intangible assets824 314 510 820 268 552 
Indefinite-lived intangible assets:
Jimmy Choo brand (1)
558 343 215 550 273 277 
Versace brand (2)
896 227 669 899 — 899 
Total indefinite-lived intangible assets1,454 570 884 1,449 273 1,176 
Total intangible assets, excluding goodwill$2,278 $884 $1,394 $2,269 $541 $1,728 
(1)The year-over-year change in net carrying amount reflects an impairment charge of $70 million and foreign currency translation of $8 million for the fiscal year ended March 30, 2024. For the fiscal year ended April 1, 2023, the Company recorded impairment charges of $24 million.
(2)The year-over-year change in net carrying amount reflects an impairment charge of $227 million and foreign currency translation of $3 million for the fiscal year ended March 30, 2024. There were no impairment charges for the fiscal year ended April 1, 2023.
Carrying Values of Indefinite-Lived Intangible Assets
The following table details the carrying values of the Company’s intangible assets other than goodwill (in millions):
 March 30, 2024April 1, 2023
 Gross
Carrying
Amount		Accumulated
Amortization/Impairment		Net Carrying AmountGross
Carrying
Amount		Accumulated
Amortization/Impairment		Net Carrying Amount
Definite-lived intangible assets:
Reacquired rights $400 $126 $274 $400 $109 $291 
Trademarks23 23 — 23 23 — 
Customer relationships401 165 236 397 136 261 
Total definite-lived intangible assets824 314 510 820 268 552 
Indefinite-lived intangible assets:
Jimmy Choo brand (1)
558 343 215 550 273 277 
Versace brand (2)
896 227 669 899 — 899 
Total indefinite-lived intangible assets1,454 570 884 1,449 273 1,176 
Total intangible assets, excluding goodwill$2,278 $884 $1,394 $2,269 $541 $1,728 
(1)The year-over-year change in net carrying amount reflects an impairment charge of $70 million and foreign currency translation of $8 million for the fiscal year ended March 30, 2024. For the fiscal year ended April 1, 2023, the Company recorded impairment charges of $24 million.
(2)The year-over-year change in net carrying amount reflects an impairment charge of $227 million and foreign currency translation of $3 million for the fiscal year ended March 30, 2024. There were no impairment charges for the fiscal year ended April 1, 2023.
Estimated Amortization Expense
Estimated amortization expense for each of the next five years is as follows (in millions):
Fiscal 2025$44 
Fiscal 202644 
Fiscal 202744 
Fiscal 202844 
Fiscal 202943 
Fiscal 2030 and thereafter291 
Total$510 
Changes in Goodwill for Reportable Segments
The following table details the changes in goodwill for each of the Company’s reportable segments (in millions):
VersaceJimmy ChooMichael Kors Total
Balance at April 2, 2022$874 $424 $120 $1,418 
Impairment charges (1)
— (82)— (82)
Foreign currency translation
(17)(26)— (43)
Balance at April 1, 2023857 316 120 1,293 
Impairment charges(1)
— (192)— (192)
Foreign currency translation
(4)9 — 5 
Balance at March 30, 2024$853 $133 $120 $1,106 
(1)The Company recorded impairment charges of $192 million during Fiscal 2024 related to the Jimmy Choo retail and wholesale reporting units. As of March 30, 2024, the Company had accumulated impairment charges of $539 million related to its Jimmy Choo reporting units.