v3.26.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 27, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Change in Carrying Value of Goodwill
The change in the carrying amount of the Company’s Goodwill by segment is as follows:
CoachKate SpadeTotal
(millions)
Balance at June 29, 2024$578.0 $626.1 $1,204.1 
Impairment charges— (244.1)(244.1)
Foreign exchange impact19.5 3.8 23.3 
Balance at June 28, 2025597.5 385.8 983.3 
Foreign exchange impact(21.7)(3.9)(25.6)
Balance at June 27, 2026$575.8 $381.9 $957.7 
Schedule of Finite-Lived Intangible Assets
Intangible assets consist of the following:
June 27, 2026June 28, 2025
Gross
Carrying
Amount
Accum.
Amort.
NetGross
Carrying
Amount
Accum.
Amort.
Net
(millions)
Intangible assets subject to amortization:
Customer relationships$45.6 $(28.2)$17.4 $45.6 $(25.1)$20.5 
Total intangible assets subject to amortization45.6 (28.2)17.4 45.6 (25.1)20.5 
Intangible assets not subject to amortization:
Trademarks and trade names(1)
699.1  699.1 699.1 — 699.1 
Total intangible assets$744.7 $(28.2)$716.5 $744.7 $(25.1)$719.6 
(1)    Amount is net of accumulated impairment charges of $610.7 million as of June 27, 2026 and June 28, 2025 for Kate Spade indefinite-lived brand intangible asset.
Schedule of Indefinite-Lived Intangible Assets
Intangible assets consist of the following:
June 27, 2026June 28, 2025
Gross
Carrying
Amount
Accum.
Amort.
NetGross
Carrying
Amount
Accum.
Amort.
Net
(millions)
Intangible assets subject to amortization:
Customer relationships$45.6 $(28.2)$17.4 $45.6 $(25.1)$20.5 
Total intangible assets subject to amortization45.6 (28.2)17.4 45.6 (25.1)20.5 
Intangible assets not subject to amortization:
Trademarks and trade names(1)
699.1  699.1 699.1 — 699.1 
Total intangible assets$744.7 $(28.2)$716.5 $744.7 $(25.1)$719.6 
(1)    Amount is net of accumulated impairment charges of $610.7 million as of June 27, 2026 and June 28, 2025 for Kate Spade indefinite-lived brand intangible asset.
Schedule of Expected Amortization Expense for Intangible Assets
As of June 27, 2026, the expected amortization expense for intangible assets is as follows:
 Amortization Expense
(millions)
Fiscal Year
Fiscal 2027$3.0 
Fiscal 20283.0 
Fiscal 20293.0 
Fiscal 20303.0 
Fiscal 20313.0 
Fiscal 20322.4 
Total$17.4