v3.26.1
SHARE-BASED COMPENSATION (Tables)
 9 Months Ended
Mar. 28, 2026
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Total Compensation Cost Charged Against Income and Related Tax Benefits
The following table shows the share-based compensation expense and the related tax benefits recognized in the Company's Condensed Consolidated Statements of Operations for the periods indicated: 
 Three Months EndedNine Months Ended
March 28, 2026(1)
March 29, 2025(1)
March 28, 2026(1)
March 29, 2025(1)
(millions)
Share-based compensation expense$27.9 $25.2 $81.6 $66.1 
Income tax benefit related to share-based compensation expense5.7 4.4 16.3 12.1 
(1)During the three and nine months ended March 28, 2026, the Company incurred $0.0 million and $0.4 million, respectively, of share-based compensation expense related to the modification of award terms in connection with the sale of the Stuart Weitzman Business as well as $0.3 million and $2.2 million, respectively, of share-based compensation expense related to its Organizational Efficiency Costs. During the three and nine months ended March 29, 2025, the Company incurred $1.0 million of share-based compensation expense related to the modification of award terms in connection with the sale of the Stuart Weitzman Business. Refer to Note 5, "Acquisitions and Divestitures" for further information.
Schedule of Stock Option Activity
A summary of stock option activity during the nine months ended March 28, 2026 is as follows:
 Number of
Options
Outstanding
(millions)
Outstanding at June 28, 20255.2 
Granted0.2 
Exercised(1.5)
Forfeited or expired— 
Outstanding at March 28, 20263.9 
Schedule of Stock Option Grant Weighted Average Assumptions The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model and the following weighted-average assumptions:
March 28, 2026March 29, 2025
Expected term (years)5.04.9
Expected volatility41.5 %40.9 %
Risk-free interest rate3.9 %3.8 %
Dividend yield1.4 %3.4 %
Service-based Restricted Stock Unit Awards (RSU)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Restricted Stock Units Activity
A summary of service-based RSU activity during the nine months ended March 28, 2026 is as follows:
 Number of
Non-vested RSUs
(millions)
Non-vested at June 28, 20254.5 
Granted0.9 
Vested(1.8)
Forfeited(0.2)
Non-vested at March 28, 20263.4 
Performance-based Restricted Stock Unit Awards (PRSU)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Nonvested Restricted Stock Units Activity
A summary of PRSU activity during the nine months ended March 28, 2026 is as follows:
 Number of
Non-vested PRSUs
(millions)
Non-vested at June 28, 20251.1 
Granted0.3 
Change due to performance condition achievement0.1 
Vested(0.5)
Forfeited— 
Non-vested at March 28, 20261.0