v3.26.1
SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Jun. 27, 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 total compensation cost charged against income for these plans and the related tax benefits recognized in the Consolidated Statements of Operations:
June 27, 2026(1)
June 28, 2025(1)
June 29, 2024
(millions)
Share-based compensation expense$107.4 $91.4 $85.9 
Income tax benefit related to share-based compensation expense22.9 18.7 17.5 
(1)During fiscal years ended June 27, 2026 and June 28, 2025, the Company incurred $0.4 million and $2.7 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 $2.5 million and $1.4 million, respectively, of share-based compensation expense related to its Organizational Efficiency Costs.
Schedule of Stock Option Activity
A summary of stock option activity during the fiscal year ended June 27, 2026 is as follows:
Number of
Options Outstanding		Weighted-
Average
Exercise
Price per Option		Weighted-
Average
Remaining
Contractual
Term
(in years)		Aggregate
Intrinsic
Value
(millions)(millions)
Outstanding at June 28, 20255.2 $33.97 
Granted0.2 99.91 
Exercised(1.6)32.60 
Forfeited or expired— 38.93 
Outstanding at June 27, 20263.8 38.29 6.2$406.1 
Vested and expected to vest at June 27, 2026
3.8 38.25 6.2404.1 
Exercisable at June 27, 20262.1 32.63 5.0241.5 
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:
June 27,
2026		June 28,
2025		June 29,
2024
Expected term (years)5.04.95.0
Expected volatility41.5 %40.9 %44.8 %
Risk-free interest rate3.9 %3.8 %4.5 %
Dividend yield1.4 %3.4 %4.2 %
Schedule of Employee Purchase Rights Weighted Average Assumptions Compensation expense is calculated for the fair value of employees’ purchase rights using the Black-Scholes model and the following weighted-average assumptions:
Fiscal Year Ended
June 27,
2026		June 28,
2025		June 29,
2024
Expected term (years)0.50.50.5
Expected volatility37.0 %35.7 %32.5 %
Risk-free interest rate4.0 %4.9 %5.4 %
Dividend yield1.6 %2.7 %3.9 %
Service-based Restricted Stock Unit Awards (RSUs)  
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 year ended June 27, 2026 is as follows:
Number of
Non-vested
RSUs		Weighted-
Average Grant- Date Fair Value per RSU
(millions)
Non-vested at June 28, 20254.5 $37.62 
Granted0.9 102.89 
Vested(1.8)37.59 
Forfeited(0.3)44.75 
Non-vested at June 27, 20263.3 54.32 
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 fiscal year ended June 27, 2026 is as follows:
Number of
Non-vested
PRSUs		Weighted-
Average Grant- Date Fair Value per PRSU
(millions)
Non-vested at June 28, 20251.1 $36.34 
Granted0.3 112.38 
Change due to performance condition achievement0.1 41.56 
Vested(0.5)35.41 
Forfeited— 45.45 
Non-vested at June 27, 20261.0 $59.78