Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Dec. 26, 2015	Jan. 29, 2016
Entity Registrant Name	RALPH LAUREN CORP
Entity Central Index Key	0001037038
Document Type	10-Q
Document Period End Date	Dec. 26, 2015
Amendment Flag	false
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--04-02
Entity Filer Category	Large Accelerated Filer
Class A common stock
Entity Common Stock, Shares Outstanding		58,133,458
Class B common stock
Entity Common Stock, Shares Outstanding		25,881,276

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Dec. 26, 2015	Mar. 28, 2015
Current assets:
Cash and cash equivalents	$ 527	$ 500
Short-term investments	688	644
Accounts receivable, net of allowances of $277 million and $251 million	473	655
Inventories	1,271	1,042
Income tax receivable	70	57
Deferred tax assets, current	154	145
Prepaid expenses and other current assets	269	281
Total current assets	3,452	3,324
Property and equipment, net	1,564	1,436
Deferred tax assets, noncurrent	38	45
Goodwill	901	903
Intangible assets, net	248	267
Other non-current assets	138	131
Total assets	6,341	6,106
Current liabilities:
Short-term Debt	15	234
Accounts payable	195	210
Income tax payable	55	27
Accrued expenses and other current liabilities	949	715
Total current liabilities	1,214	1,186
Long-term debt	596	298
Non-current liability for unrecognized tax benefits	80	116
Other non-current liabilities	$ 647	$ 615
Commitments and contingencies (Note 14)
Total liabilities	$ 2,537	$ 2,215
Equity:
Additional paid-in-capital	2,236	2,117
Retained earnings	6,015	5,787
Treasury stock, Class A, at cost; 42.8 million and 39.6 million shares	(4,248)	(3,849)
Accumulated other comprehensive loss	(200)	(165)
Total equity	3,804	3,891
Total liabilities and equity	6,341	6,106
Class A common stock, par value $.01 per share; 100.9 million and 100.0 million shares issued; 58.1 million and 60.4 million shares outstanding
Equity:
Common stock	1	1
Class B common stock, par value $.01 per share; 25.9 million shares issued and outstanding
Equity:
Common stock	$ 0	$ 0

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Millions, $ in Millions	Dec. 26, 2015	Mar. 28, 2015
Allowance on accounts receivable	$ 277	$ 251
Class A common stock, par value $.01 per share; 100.9 million and 100.0 million shares issued; 58.1 million and 60.4 million shares outstanding
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued	100.9	100.0
Common stock, shares outstanding	58.1	60.4
Treasury stock, shares	42.8	39.6
Class B common stock, par value $.01 per share; 25.9 million shares issued and outstanding
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued	25.9	25.9
Common stock, shares outstanding	25.9	25.9

Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Income Statement [Abstract]
Net sales	$ 1,899	$ 1,986	$ 5,399	$ 5,603
Licensing revenue	47	47	135	132
Net revenues	1,946	2,033	5,534	5,735
Cost of goods sold(a)	(852)	(874)	(2,361)	(2,401)
Gross profit	1,094	1,159	3,173	3,334
Total other operating expenses, net
Selling, general, and administrative expenses(a)	(833)	(837)	(2,494)	(2,461)
Amortization of intangible assets	(5)	(6)	(17)	(19)
Impairment of assets	(9)	0	(24)	(2)
Restructuring and other charges	(58)	(1)	(123)	(7)
Total other operating expenses, net	(905)	(844)	(2,658)	(2,489)
Operating income	189	315	515	845
Foreign currency losses	(3)	(8)	(9)	(14)
Interest expense	(6)	(3)	(14)	(12)
Interest and other income, net	2	0	5	4
Equity in losses of equity-method investees	(1)	(3)	(7)	(9)
Income before provision for income taxes	181	301	490	814
Provision for income taxes	(50)	(86)	(135)	(236)
Net income	$ 131	$ 215	$ 355	$ 578
Net income per common share:
Basic	$ 1.55	$ 2.44	$ 4.15	$ 6.53
Diluted	$ 1.54	$ 2.41	$ 4.11	$ 6.46
Weighted average common shares outstanding:
Basic	84.9	88.1	85.7	88.5
Diluted	85.5	89.0	86.3	89.5
Dividends declared per share	$ 0.50	$ 0.45	$ 1.50	$ 1.35
(a) Includes total depreciation expense of:	$ (71)	$ (72)	$ (210)	$ (200)

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 131	$ 215	$ 355	$ 578
Other comprehensive income (loss), net of tax:
Foreign currency translation losses	(26)	(74)	(13)	(174)
Net gains (losses) on cash flow hedges	(8)	12	(24)	37
Net gains on defined benefit plans	1	0	2	1
Other comprehensive loss, net of tax	(33)	(62)	(35)	(136)
Comprehensive income	$ 98	$ 153	$ 320	$ 442

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Dec. 26, 2015	Dec. 27, 2014
Cash flows from operating activities:
Net income	$ 355	$ 578
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	227	219
Deferred income tax benefit	(4)	(11)
Equity in losses of equity-method investees	7	9
Non-cash stock-based compensation expense	79	60
Non-cash impairment of assets	24	2
Excess tax benefits from stock-based compensation arrangements	(9)	(7)
Other non-cash charges, net	20	(20)
Changes in operating assets and liabilities:
Accounts receivable	176	155
Inventories	(251)	(240)
Prepaid expenses and other current assets	24	(77)
Accounts payable and accrued liabilities	218	101
Income tax receivables and payables	0	101
Deferred income	(8)	(13)
Other balance sheet changes, net	(6)	33
Net cash provided by operating activities	852	890
Cash flows from investing activities:
Capital expenditures	(325)	(300)
Purchases of investments	(637)	(1,156)
Proceeds from sales and maturities of investments	591	940
Acquisitions and ventures	(14)	(8)
Change in restricted cash deposits	(6)	(1)
Net cash used in investing activities	(391)	(525)
Cash flows from financing activities:
Proceeds from issuance of short-term debt	3,409	2,283
Repayments of short-term debt	(3,628)	(2,170)
Proceeds from issuance of long-term debt	299	0
Payments of capital lease obligations	(19)	(17)
Payments of dividends	(128)	(119)
Repurchases of common stock, including shares surrendered for tax withholdings	(399)	(382)
Proceeds from exercises of stock options	31	46
Excess tax benefits from stock-based compensation arrangements	9	7
Other financing activities	(2)	0
Net cash used in financing activities	(428)	(352)
Effect of exchange rate changes on cash and cash equivalents	(6)	(47)
Net increase (decrease) in cash and cash equivalents	27	(34)
Cash and cash equivalents at beginning of period	500	797
Cash and cash equivalents at end of period	$ 527	$ 763

Description of Business	9 Months Ended
Description of Business	Dec. 26, 2015
Description of Business [Abstract]
Description of Business	Description of Business Ralph Lauren Corporation ("RLC") is a global leader in the design, marketing, and distribution of premium lifestyle products, including apparel, accessories, home furnishings, and other licensed product categories. RLC's long-standing reputation and distinctive image have been consistently developed across an expanding number of products, brands, sales channels, and international markets. RLC's brand names include Ralph Lauren, Ralph Lauren Collection, Purple Label, Black Label, Polo, Polo Ralph Lauren, Double RL, RLX Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Childrenswear, Denim & Supply Ralph Lauren, Chaps, Club Monaco, and American Living, among others. RLC and its subsidiaries are collectively referred to herein as the "Company," "we," "us," "our," and "ourselves," unless the context indicates otherwise. The Company classifies its businesses into three segments: Wholesale, Retail, and Licensing. The Company's wholesale sales are made principally to major department stores and specialty stores around the world. The Company also sells directly to consumers through its integrated retail channel, which includes its retail stores, concession-based shop-within-shops, and e-commerce operations around the world. In addition, the Company licenses to unrelated third parties for specified periods the right to operate retail stores and/or to use its various trademarks in connection with the manufacture and sale of designated products, such as certain apparel, eyewear, fragrances, and home furnishings.

Basis of Presentation	9 Months Ended
Basis of Presentation	Dec. 26, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Interim Financial Statements These interim consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the "SEC") and are unaudited. In the opinion of management, these consolidated financial statements contain all normal and recurring adjustments necessary to present fairly the consolidated financial position, income, comprehensive income, and cash flows of the Company for the interim periods presented. In addition, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the U.S. ("U.S. GAAP") have been condensed or omitted from this report as is permitted by the SEC's rules and regulations. However, the Company believes that the disclosures provided herein are adequate to prevent the information presented from being misleading. This report should be read in conjunction with the Company's Annual Report on Form 10-K filed with the SEC for the fiscal year ended March 28, 2015 (the "Fiscal 2015 10-K"). Basis of Consolidation These unaudited interim consolidated financial statements present the consolidated financial position, income, comprehensive income, and cash flows of the Company, including all entities in which the Company has a controlling financial interest and is determined to be the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation. Fiscal Periods The Company utilizes a 52-53 week fiscal year ending on the Saturday closest to March 31. As such, fiscal year 2016 will end on April 2, 2016 and will be a 53-week period ("Fiscal 2016"). Fiscal year 2015 ended on March 28, 2015 and was a 52-week period ("Fiscal 2015"). The third quarter of Fiscal 2016 ended on December 26, 2015 and was a 13-week period. The third quarter of Fiscal 2015 ended on December 27, 2014 and was also a 13-week period. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results could differ materially from those estimates. Significant estimates inherent in the preparation of the consolidated financial statements include reserves for bad debt, customer returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances; the realizability of inventory; reserves for litigation and other contingencies; useful lives and impairments of long-lived tangible and intangible assets; fair value measurements; accounting for income taxes and related uncertain tax positions; valuation of stock-based compensation awards and related estimated forfeiture rates; reserves for restructuring activity; and accounting for business combinations, among others. Reclassifications Certain reclassifications have been made to the prior period's financial information in order to conform to the current period's presentation. Seasonality of Business The Company's business is typically affected by seasonal trends, with higher levels of wholesale sales in its second and fourth fiscal quarters and higher retail sales in its second and third fiscal quarters. These trends result primarily from the timing of seasonal wholesale shipments and key vacation travel, back-to-school, and holiday shopping periods impacting the Retail segment. In addition, fluctuations in sales, operating income, and cash flows in any fiscal quarter may be affected by other events affecting retail sales, such as changes in weather patterns. Accordingly, the Company's operating results and cash flows for the three-month and nine-month periods ended December 26, 2015 are not necessarily indicative of the operating results and cash flows that may be expected for the full Fiscal 2016.

Summary of Significant Accounting Policies

9 Months Ended

Dec. 26, 2015

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Revenue Recognition

Revenue is recognized across all segments of the business when there is persuasive evidence of an arrangement, delivery has occurred, the price has been fixed or is determinable, and collectability is reasonably assured.

Revenue within the Company's Wholesale segment is recognized at the time title passes and risk of loss is transferred to customers. Wholesale revenue is recorded net of estimates of returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances. Returns and allowances require pre-approval from management and discounts are based on trade terms. Estimates for end-of-season markdown reserves are based on historical trends, actual and forecasted seasonal results, an evaluation of current economic and market conditions, retailer performance, and, in certain cases, contractual terms. Estimates for operational chargebacks are based on actual customer notifications of order fulfillment discrepancies and historical trends. The Company reviews and refines these estimates on at least a quarterly basis. The Company's historical estimates of these costs have not differed materially from actual results.

Retail store and concession-based shop-within-shop revenue is recognized net of estimated returns at the time of sale to consumers. E-commerce revenue from sales of products ordered through the Company's e-commerce sites is recognized upon delivery of the shipment to its customers. Such revenue is also reduced by an estimate of returns.

Gift cards issued by the Company are recorded as a liability until they are redeemed, at which point revenue is recognized. The Company recognizes income for unredeemed gift cards when the likelihood of redemption by a customer is remote and the Company determines that it does not have a legal obligation to remit the value of the unredeemed gift card to the relevant jurisdiction as unclaimed or abandoned property.

Revenue from licensing arrangements is recognized when earned in accordance with the terms of the underlying agreements, generally based upon the higher of (i) contractually guaranteed minimum royalty levels or (ii) actual sales and royalty data, or estimates thereof, received from the Company's licensees.

The Company accounts for sales taxes and other related taxes on a net basis, excluding such taxes from revenue.

Shipping and Handling Costs

The costs associated with shipping goods to customers are reflected as a component of selling, general, and administrative ("SG&A") expenses in the consolidated statements of income. Shipping costs were approximately $13 million and $32 million during the three-month and nine-month periods ended December 26, 2015, respectively, and $13 million and $32 million during the three-month and nine-month periods ended December 27, 2014, respectively. The costs of preparing merchandise for sale, such as picking, packing, warehousing, and order charges ("handling costs") are also included in SG&A expenses. Handling costs were approximately $48 million and $133 million during the three-month and nine-month periods ended December 26, 2015, respectively, and $49 million and $136 million during the three-month and nine-month periods ended December 27, 2014, respectively. Shipping and handling costs billed to customers are included in revenue.

Net Income per Common Share

Basic net income per common share is computed by dividing net income attributable to common shares by the weighted-average number of common shares outstanding during the period. Weighted-average common shares include shares of the Company's Class A and Class B common stock. Diluted net income per common share adjusts basic net income per common share for the dilutive effects of outstanding stock options, restricted stock, restricted stock units ("RSUs"), and any other potentially dilutive instruments, only in the periods in which such effects are dilutive under the treasury stock method.

The weighted-average number of common shares outstanding used to calculate basic net income per common share is reconciled to shares used to calculate diluted net income per common share as follows:



	Three Months Ended		Nine Months Ended
	December 26, 2015	December 27, 2014	December 26, 2015	December 27, 2014
	(millions)
Basic shares	84.9	88.1	85.7	88.5
Dilutive effect of stock options, restricted stock, and RSUs	0.6	0.9	0.6	1.0
Diluted shares	85.5	89.0	86.3	89.5

All earnings per share amounts have been calculated using unrounded numbers. Options to purchase shares of the Company's Class A common stock at an exercise price greater than the average market price of the common stock during the reporting period are anti-dilutive and therefore not included in the computation of diluted net income per common share. In addition, the Company has outstanding RSUs that are issuable only upon the achievement of certain service and/or performance goals. Performance-based RSUs are included in the computation of diluted shares only to the extent that the underlying performance conditions (and any applicable market condition modifiers) (i) have been satisfied as of the end of the reporting period or (ii) would be considered satisfied if the end of the reporting period were the end of the related contingency period and the result would be dilutive under the treasury stock method. As of December 26, 2015 and December 27, 2014, there were approximately 2.5 million and 1.9 million, respectively, additional shares issuable upon exercise of anti-dilutive options and contingent vesting of performance-based RSUs, which were excluded from the diluted share calculations.

Accounts Receivable

In the normal course of business, the Company extends credit to wholesale customers that satisfy defined credit criteria. Accounts receivable is recorded at carrying value, which approximates fair value, and is presented in the Company's consolidated balance sheets net of certain reserves and allowances. These reserves and allowances consist of (i) reserves for returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances (see the Revenue Recognition section above for further discussion of related accounting policies) and (ii) allowances for doubtful accounts.

A rollforward of the activity in the Company's reserves for returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances is presented below:



	Three Months Ended						Nine Months Ended
	December 26, 2015			December 27, 2014			December 26, 2015			December 27, 2014
	(millions)
Beginning reserve balance	$	246		$	284		$	240		$	254
Amount charged against revenue to increase reserve	181			189			570			558
Amount credited against customer accounts to decrease reserve	(161		)	(206		)	(545		)	(538		)
Foreign currency translation	(2		)	(5		)	(1		)	(12		)
Ending reserve balance	$	264		$	262		$	264		$	262

An allowance for doubtful accounts is determined through analysis of periodic aging of accounts receivable, assessments of collectability based on an evaluation of historical and anticipated trends, the financial condition of the Company's customers, and an evaluation of the impact of economic conditions, among other factors. The Company's allowance for doubtful accounts was $13 million and $11 million as of December 26, 2015 and March 28, 2015, respectively. The change in the allowance for doubtful accounts was not material during the three-month and nine-month periods ended December 26, 2015 and December 27, 2014.

Concentration of Credit Risk

The Company sells its wholesale merchandise primarily to major department and specialty stores around the world, and extends credit based on an evaluation of each customer's financial capacity and condition, usually without requiring collateral. In the Company's wholesale business, concentration of credit risk is relatively limited due to the large number of customers and their dispersion across many geographic areas. However, the Company has three key wholesale customers that generate significant sales volume. During Fiscal 2015, the Company's sales to its largest wholesale customer, Macy's, Inc. ("Macy's"), accounted for approximately 12% of its total net revenues, and the Company's sales to its three largest wholesale customers (including Macy's) accounted for approximately 24% of total net revenues. As of December 26, 2015, these three key wholesale customers constituted approximately 42% of total gross accounts receivable.

Derivative Financial Instruments

The Company records all derivative financial instruments on its consolidated balance sheets at fair value. For derivative instruments that qualify for hedge accounting, the effective portion of changes in their fair value is either (i) offset against the changes in fair value of the related hedged assets, liabilities, or firm commitments through earnings or (ii) recognized in equity as a component of accumulated other comprehensive income ("AOCI") until the hedged item is recognized in earnings, depending on whether the derivative is being used to hedge against changes in fair value or cash flows and net investments, respectively.

Each derivative instrument that qualifies for hedge accounting is expected to be highly effective at reducing the risk associated with the exposure being hedged. For each derivative instrument that is designated as a hedge, the Company formally documents the related risk management objective and strategy, including identification of the hedging instrument, the hedged item, and the risk exposure, as well as how hedge effectiveness will be assessed prospectively and retrospectively over the instrument's term. To assess hedge effectiveness, the Company generally uses regression analysis, a statistical method, to compare the change in the fair value of the derivative instrument to the change in fair value or cash flows of the related hedged item. The extent to which a hedging instrument has been and is expected to remain highly effective in achieving offsetting changes in fair value or cash flows is assessed and documented by the Company on at least a quarterly basis.

As a result of its use of derivative instruments, the Company is exposed to the risk that counterparties to such contracts will fail to meet their contractual obligations. To mitigate this counterparty credit risk, the Company has a policy of only entering into contracts with carefully selected financial institutions based upon an evaluation of their credit ratings and certain other factors, adhering to established limits for credit exposure. The Company's established policies and procedures for mitigating credit risk from derivative transactions include ongoing review and assessment of its counterparties' creditworthiness. The Company also enters into master netting arrangements with counterparties, when possible, to mitigate credit risk associated with its derivative instruments. In the event of default or termination (as such terms are defined within the respective master netting arrangement), these arrangements allow the Company to net-settle amounts payable and receivable related to multiple derivative transactions with the same counterparty. The master netting arrangements specify a number of events of default and termination, including, among others, the failure to make timely payments.

The fair values of the Company's derivative instruments are recorded on its consolidated balance sheets on a gross basis. For cash flow reporting purposes, proceeds received or amounts paid upon the settlement of a derivative instrument are classified in the same manner as the related item being hedged, primarily within cash flows from operating activities.

Cash Flow Hedges

The Company enters into forward foreign currency exchange contracts to reduce its risk related to exchange rate fluctuations on inventory transactions, intercompany royalty payments made by certain of its international operations, intercompany contributions made to fund certain marketing efforts of its international operations, and other foreign currency-denominated operational cash flows. To the extent forward foreign currency exchange contracts are designated as cash flow hedges and are highly effective in offsetting changes in the value of the hedged items, the related gains or losses are initially deferred in equity as a component of AOCI and are subsequently recognized in the consolidated statements of income as follows:


•	Forecasted Inventory Transactions — recognized as part of the cost of the inventory being hedged within cost of goods sold when the related inventory is sold to a third party.


•	Intercompany Royalty Payments and Marketing Contributions — recognized within foreign currency gains (losses) generally in the period in which the related payments or contributions being hedged are received or paid.

To the extent that a derivative instrument designated as a cash flow hedge is not considered effective, any change in its fair value relating to such ineffectiveness is immediately recognized in earnings within foreign currency gains (losses). If it is determined that a derivative instrument has not been highly effective, and will continue not to be highly effective in hedging the designated exposure, hedge accounting is discontinued and further gains (losses) are immediately recognized in earnings within foreign currency gains (losses). Upon discontinuance of hedge accounting, the cumulative change in fair value of the derivative instrument previously recorded in AOCI is recognized in earnings when the related hedged item affects earnings, consistent with the originally-documented hedging strategy, unless the forecasted transaction is no longer probable of occurring, in which case the accumulated amount is immediately recognized in earnings within foreign currency gains (losses).

Hedge of a Net Investment in a Foreign Operation

Changes in the fair value of a derivative instrument or the carrying value of a non-derivative instrument that is designated as a hedge of a net investment in a foreign operation are reported in the same manner as a translation adjustment, to the extent it is effective. In assessing the effectiveness of a derivative financial instrument that is designated as a hedge of a net investment, the Company uses a method based on changes in spot rates to measure the impact of foreign currency exchange rate changes on both its foreign subsidiary net investment and the related hedging instrument. If the notional amount of the instrument designated as the hedge of a net investment is greater than the portion of the net investment being hedged, hedge ineffectiveness is recognized immediately in earnings within foreign currency gains (losses). To the extent the instrument remains effective, changes in its value are recorded in equity as foreign currency translation gains (losses), a component of AOCI, and are recognized in earnings within foreign currency gains (losses) only upon the sale or liquidation of the hedged net investment.

Fair Value Hedges

Changes in the fair value of a derivative instrument that is designated as a fair value hedge, along with offsetting changes in the fair value of the related hedged item attributable to the hedged risk, are recorded in earnings. Hedge ineffectiveness is recorded in earnings to the extent that the change in the fair value of the hedged item does not offset the change in the fair value of the hedging instrument.

Undesignated Hedges

All of the Company's undesignated hedges are entered into to hedge specific economic risks, particularly foreign currency exchange rate risk related to foreign currency-denominated balances. Changes in the fair value of undesignated derivative instruments are immediately recognized in earnings within foreign currency gains (losses).

See Note 13 for further discussion of the Company's derivative financial instruments.

Refer to Note 3 in the Fiscal 2015 10-K for a summary of all of the Company's significant accounting policies.

Recently Issued Accounting Standards	9 Months Ended
Recently Issued Accounting Standards	Dec. 26, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards Balance Sheet Classification of Deferred Taxes In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-17, "Balance Sheet Classification of Deferred Taxes" ("ASU 2015-17"). Currently, entities are required to present deferred tax assets and liabilities as current and noncurrent on the balance sheet. ASU 2015-17 simplifies the current guidance by requiring entities to classify all deferred tax assets and liabilities, together with any related valuation allowance, as noncurrent on the balance sheet. ASU 2015-17 is effective for the Company beginning in its fiscal year 2018, with early adoption permitted, and may be applied prospectively or retrospectively. The adoption of ASU 2015-17 is not expected to impact the Company's consolidated financial statements other than the change in presentation of deferred tax assets and liabilities within its consolidated balance sheets. Revenue from Contracts with Customers In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"). ASU 2014-09 provides a single, comprehensive accounting model for revenues arising from contracts with customers that will supersede most existing revenue recognition guidance, including industry-specific guidance. Under this model, revenue is recognized at an amount that an entity expects to be entitled to upon transferring control of goods or services to a customer, as opposed to when risks and rewards transfer to a customer under existing revenue recognition guidance. In August 2015, the FASB issued ASU No. 2015-14, "Revenue from Contracts with Customers — Deferral of the Effective Date," which deferred the effective date of ASU 2014-09 by one year. Accordingly, ASU 2014-09 is effective for the Company beginning in its fiscal year 2019. ASU 2014-09 may be applied retrospectively to all prior periods presented or through a cumulative adjustment to the opening retained earnings balance in the year of adoption. The Company is currently in the process of evaluating the impact that ASU 2014-09 will have on its consolidated financial statements and related disclosures. Proposed Amendments to Current Accounting Standards The FASB is currently working on amendments to existing accounting standards governing a number of areas including, but not limited to, accounting for leases. In May 2013, the FASB issued an exposure draft, "Leases" (the "Exposure Draft"), which would replace the existing guidance in Accounting Standards Codification ("ASC") Topic 840, "Leases." Under the Exposure Draft, among other changes in practice, a lessee's rights and obligations under most leases, including existing and new arrangements, would be recognized as assets and liabilities on the balance sheet. The comment period for the Exposure Draft ended in September 2013. The FASB has now completed its redeliberations on certain portions of the proposal and plans to issue a final standard in the first quarter of 2016. When effective, this new standard will likely have a significant impact on the Company's consolidated financial statements. However, as the standard-setting process is still ongoing, the Company is currently unable to determine the impact that this proposed change in accounting would have on its consolidated financial statements.

Inventories

9 Months Ended

Dec. 26, 2015

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following:



	December 26, 2015		March 28, 2015		December 27, 2014
	(millions)
Raw materials	$	3	$	3	$	2
Work-in-process	—		2		1
Finished goods	1,268		1,037		1,208
Total inventories	$	1,271	$	1,042	$	1,211

Property and Equipment

9 Months Ended

Dec. 26, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment, net consists of the following:



	December 26, 2015			March 28, 2015
	(millions)
Land and improvements	$	17		$	17
Buildings and improvements	456			409
Furniture and fixtures	723			686
Machinery and equipment	336			317
Capitalized software	445			402
Leasehold improvements	1,256			1,185
Construction in progress	171			99
	3,404			3,115
Less: accumulated depreciation	(1,840		)	(1,679		)
Property and equipment, net	$	1,564		$	1,436

Other Assets and Liabilities

9 Months Ended

Dec. 26, 2015

Balance Sheet Related Disclosures [Abstract]

Other Assets and Other Liabilities

Other Assets and Liabilities

Prepaid expenses and other current assets consist of the following:



	December 26, 2015		March 28, 2015
	(millions)
Other taxes receivable	$	102	$	93
Prepaid rent expense	34		31
Derivative financial instruments	19		65
Prepaid samples	16		12
Restricted cash	14		2
Tenant allowances receivable	12		14
Prepaid advertising and marketing	11		7
Other prepaid expenses and current assets	61		57
Total prepaid expenses and other current assets	$	269	$	281

Other non-current assets consist of the following:



	December 26, 2015		March 28, 2015
	(millions)
Security deposits	$	32	$	28
Restricted cash	30		36
Derivative financial instruments	26		22
Other non-current assets	50		45
Total other non-current assets	$	138	$	131

Accrued expenses and other current liabilities consist of the following:



	December 26, 2015		March 28, 2015
	(millions)
Accrued operating expenses	$	249	$	183
Accrued inventory	171		75
Other taxes payable	146		108
Accrued payroll and benefits	130		162
Accrued capital expenditures	97		62
Deferred income	44		38
Dividends payable	42		43
Restructuring reserve	35		5
Capital lease obligations	20		19
Derivative financial instruments	9		18
Other accrued expenses and current liabilities	6		2
Total accrued expenses and other current liabilities	$	949	$	715

Other non-current liabilities consist of the following:



	December 26, 2015		March 28, 2015
	(millions)
Capital lease obligations	$	269	$	238
Deferred rent obligations	222		219
Deferred tax liabilities	87		87
Derivative financial instruments	10		1
Deferred compensation	8		9
Deferred income	5		20
Other non-current liabilities	46		41
Total other non-current liabilities	$	647	$	615

Impairment of Assets	9 Months Ended
Impairment of Assets	Dec. 26, 2015
Asset Impairment Charges [Abstract]
Impairment of Assets	Impairment of Assets During the three-month and nine-month periods ended December 26, 2015, the Company recorded non-cash impairment charges of $9 million and $24 million, respectively, primarily to write off certain fixed assets related to its domestic and international stores and shop-within-shops in connection with the Global Reorganization Plan (see Note 9). During the nine months ended December 27, 2014, the Company recorded non-cash impairment charges of $2 million, primarily to write off certain fixed assets related to its European operations and domestic retail stores.

Restructuring and Other Charges

9 Months Ended

Dec. 26, 2015

Restructuring and Related Activities [Abstract]

Restructuring and Other Charges

A description of significant restructuring and other activities and related costs is included below.

Fiscal 2016

Global Reorganization Plan

On May 12, 2015, the Company's Board of Directors approved a reorganization and restructuring plan comprised of the following major actions: (i) the reorganization of the Company from its current channel and regional structure to an integrated global brand-based operating structure, which will streamline the Company's business processes to better align its cost structure with its long-term growth strategy; (ii) a strategic store and shop-within-shop performance review conducted by region and brand; (iii) a targeted corporate functional area review; and (iv) the consolidation of certain of the Company's luxury lines (collectively, the "Global Reorganization Plan"). The Global Reorganization Plan will result in a reduction in workforce and, once the performance review is complete, the closure of certain stores and shop-within-shops. The Global Reorganization Plan is expected to be substantially implemented during the course of Fiscal 2017.

The Company currently expects to incur total estimated charges of approximately $120 million to $150 million in connection with the Global Reorganization Plan, comprised of cash-related restructuring charges totaling approximately $85 million to $100 million and non-cash charges totaling approximately $35 million to $50 million. The Company's assessment of restructuring-related activities is still ongoing and incremental charges beyond this range may be incurred.

A summary of the charges recorded in connection with the Global Reorganization Plan during the three-month and nine-month periods ended December 26, 2015 is as follows:



	December 26, 2015
	Three Months Ended		Nine Months Ended
	(millions)
Cash-related restructuring charges:
Severance and benefit costs	$	11	$	49
Lease termination and store closure costs	—		7
Other cash charges^(a)	3		11
Total cash-related restructuring charges	14		67
Non-cash charges:
Impairment of assets (see Note 8)	9		24
Accelerated stock-based compensation expense^(b)	9		9
Inventory-related charges^(c)	10		13
Total non-cash charges	28		46
Total charges	$	42	$	113


^(a)	Other cash charges primarily consisted of consulting fees recorded in connection with the Global Reorganization Plan.


^(b)	Accelerated stock-based compensation expense, which is recorded within restructuring and other charges in the unaudited interim consolidated statements of income, was recorded in connection with vesting provisions associated with certain separation agreements.


^(c)	Inventory-related charges are recorded within cost of goods sold in the unaudited interim consolidated statements of income.

A summary of the activity in the restructuring reserve related to the Global Reorganization Plan is as follows:



	Severance and Benefit Costs			Lease Termination and Store Closure Costs			Other Cash Charges			Total
	(millions)
Balance at March 28, 2015	$	—		$	—		$	—		$	—
Additions charged to expense	49			7			11			67
Cash payments charged against reserve	(26		)	(2		)	(7		)	(35		)
Non-cash adjustments	—			1			—			1
Balance at December 26, 2015	$	23		$	6		$	4		$	33

Other Charges

During both the three-month and nine-month periods ended December 26, 2015, the Company recorded other charges of $34 million related to its pending customs audit (see Note 14). Additionally, during the three-month and nine-month periods ended December 26, 2015, the Company recorded other charges of $1 million and $13 million, respectively, primarily related to the settlement of certain litigation claims.

Fiscal 2015

During Fiscal 2015, the Company recorded restructuring charges of $10 million, $7 million of which were recorded during the nine months ended December 27, 2014. These charges were primarily related to severance and benefit costs associated with certain of its retail, wholesale, and corporate operations. At March 28, 2015, the restructuring reserve related to these charges was $5 million, which was reduced by payments to $2 million at December 26, 2015.

Income Taxes	9 Months Ended
Income Taxes	Dec. 26, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Effective Tax Rate The Company's effective tax rate, which is calculated by dividing each fiscal period's provision for income taxes by pretax income, was 27.5% and 28.6% during the three-month periods ended December 26, 2015 and December 27, 2014, respectively, and 27.6% and 29.0% during the nine-month periods ended December 26, 2015 and December 27, 2014, respectively. The effective tax rates in the periods presented were lower than the U.S. federal statutory income tax rate of 35% principally as a result of the proportion of earnings generated in lower taxed foreign jurisdictions versus the U.S. In addition, the effective tax rate for the three months ended December 26, 2015 was favorably impacted by tax benefits associated with provision to tax return adjustments. The effective tax rate for the nine months ended December 26, 2015 was also favorably impacted by the reversal of certain tax liabilities due to the expiration of statutes of limitations and a change in estimate related to the assessment period of certain tax liabilities, as discussed below. The effective tax rate for the nine months ended December 27, 2014 was also favorably impacted by the legal entity restructuring of certain of the Company's foreign operations during Fiscal 2015, partially offset by additional tax reserves associated with the conclusion of tax examinations. During the second quarter of Fiscal 2016, the Company concluded, with the assistance of a third-party consultant, that based on recent audit settlements and taxpayer audit trends, the assessment period associated with certain tax liabilities established under ASC Topic 740, "Income Taxes," should be reduced. This change is considered a change in estimate for accounting purposes and the related impact was recorded during the second quarter of Fiscal 2016. This change lowered the Company's provision for income taxes by $8 million, including interest and penalties, and net of deferred tax asset reversals, and increased basic and diluted earnings per share by $0.09 for the nine-month period ended December 26, 2015. Uncertain Income Tax Benefits The Company classifies interest and penalties related to unrecognized tax benefits as part of its provision for income taxes. The total amount of unrecognized tax benefits, including interest and penalties, was $80 million and $116 million as of December 26, 2015 and March 28, 2015, respectively, and is included within non-current liability for unrecognized tax benefits in the consolidated balance sheets. The reduction in unrecognized tax benefits, including interest and penalties, primarily related to the reversal of tax liabilities of $11 million and $9 million due to the change in estimate previously discussed and the expiration of statutes of limitations, respectively, as well as tax audit settlements of $17 million. The total amount of unrecognized tax benefits that, if recognized, would affect the Company's effective tax rate was $60 million and $85 million as of December 26, 2015 and March 28, 2015, respectively. Future Changes in Unrecognized Tax Benefits The total amount of unrecognized tax benefits relating to the Company's tax positions is subject to change based on future events including, but not limited to, settlements of ongoing tax audits and assessments and the expiration of applicable statutes of limitations. Although the outcomes and timing of such events are highly uncertain, it is reasonably possible that the balance of gross unrecognized tax benefits, excluding interest and penalties, could potentially be reduced by approximately $11 million during the next 12 months. However, changes in the occurrence, expected outcomes, and timing of such events could cause the Company's current estimate to change materially in the future. The Company files a consolidated U.S. federal income tax return, as well as tax returns in various state, local, and foreign jurisdictions. The Company is generally no longer subject to examinations by the relevant tax authorities for years prior to its fiscal year ended April 1, 2006.

Debt

9 Months Ended

Dec. 26, 2015

Debt Disclosure [Abstract]

Debt

Debt consists of the following:



	December 26, 2015		March 28, 2015
	(millions)
$300 million 2.125% Senior Notes^(a)	$	298	$	298
$300 million 2.625% Senior Notes^(b)	298		—
Commercial paper notes	15		234
Total debt	611		532
Less: short-term debt	15		234
Total long-term debt	$	596	$	298

^(a)

During the first quarter of Fiscal 2016, the Company entered into an interest rate swap contract which it designated as a hedge against changes in the fair value of its fixed-rate 2.125% Senior Notes (see Note 13). Accordingly, the carrying value of the 2.125% Senior Notes as of December 26, 2015 reflects an adjustment of $1 million for the change in fair value attributable to the benchmark interest rate. The carrying value of the 2.125% Senior Notes is also net of unamortized debt issuance costs and discount of $1 million and $2 million as of December 26, 2015 and March 28, 2015, respectively.


^(b)	The carrying value of the 2.625% Senior Notes is net of unamortized debt issuance costs and discount of $2 million as of December 26, 2015.

Senior Notes

In September 2013, the Company completed a registered public debt offering and issued $300 million aggregate principal amount of unsecured senior notes due September 26, 2018, which bear interest at a fixed rate of 2.125%, payable semi-annually (the "2.125% Senior Notes"). The 2.125% Senior Notes were issued at a price equal to 99.896% of their principal amount. The proceeds from this offering were used for general corporate purposes, including repayment of the Company's previously outstanding €209 million principal amount of 4.5% Euro-denominated notes, which matured on October 4, 2013.

In August 2015, the Company completed a second registered public debt offering and issued an additional $300 million aggregate principal amount of unsecured senior notes due August 18, 2020, which bear interest at a fixed rate of 2.625%, payable semi-annually (the "2.625% Senior Notes"). The 2.625% Senior Notes were issued at a price equal to 99.795% of their principal amount. The proceeds from this offering were used for general corporate purposes.

The Company has the option to redeem the 2.125% Senior Notes and 2.625% Senior Notes (collectively, the "Senior Notes"), in whole or in part, at any time at a price equal to accrued and unpaid interest on the redemption date, plus the greater of (i) 100% of the principal amount of the series of Senior Notes to be redeemed or (ii) the sum of the present value of Remaining Scheduled Payments, as defined in the supplemental indentures governing such Senior Notes (together with the indenture governing the Senior Notes, the "Indenture"). The Indenture contains certain covenants that restrict the Company's ability, subject to specified exceptions, to incur certain liens; enter into sale and leaseback transactions; consolidate or merge with another party; or sell, lease, or convey all or substantially all of the Company's property or assets to another party. However, the Indenture does not contain any financial covenants.

Commercial Paper

In May 2014, the Company initiated a commercial paper borrowing program (the "Commercial Paper Program") that allowed it to issue up to $300 million of unsecured commercial paper notes through private placement using third-party broker-dealers. In May 2015, the Company initiated an expansion of its Commercial Paper Program to allow for a total issuance of up to $500 million of unsecured commercial paper notes.

Borrowings under the Commercial Paper Program are supported by the Global Credit Facility, as defined below, and may be used to support the Company's general working capital and corporate needs. Maturities of commercial paper notes vary, but cannot exceed 397 days from the date of issuance. Commercial paper notes issued under the Commercial Paper Program rank equally with the Company's other forms of unsecured indebtedness. As of December 26, 2015, the Company had $15 million in borrowings outstanding under its Commercial Paper Program, with a weighted-average annual interest rate of 0.42% and a weighted-average remaining term of 2 days.

Revolving Credit Facilities

Global Credit Facility

In February 2015, the Company entered into an amended and restated credit facility that provides for a $500 million senior unsecured revolving line of credit through February 11, 2020 (the "Global Credit Facility") under terms and conditions substantially similar to those previously in effect. The Global Credit Facility is also used to support the issuance of letters of credit and the maintenance of the Commercial Paper Program. Borrowings under the Global Credit Facility may be denominated in U.S. Dollars and other currencies, including Euros, Hong Kong Dollars, and Japanese Yen. The Company has the ability to expand its borrowing availability under the Global Credit Facility to $750 million, subject to the agreement of one or more new or existing lenders under the facility to increase their commitments. There are no mandatory reductions in borrowing ability throughout the term of the Global Credit Facility. As of December 26, 2015, there were no borrowings outstanding under the Global Credit Facility and the Company was contingently liable for $9 million of outstanding letters of credit.

The Global Credit Facility contains a number of covenants that, among other things, restrict the Company's ability, subject to specified exceptions, to incur additional debt; incur liens; sell or dispose of assets; merge with or acquire other companies; liquidate or dissolve itself; engage in businesses that are not in a related line of business; make loans, advances, or guarantees; engage in transactions with affiliates; and make certain investments. The Global Credit Facility also requires the Company to maintain a maximum ratio of Adjusted Debt to Consolidated EBITDAR (the "leverage ratio") of no greater than 3.75 as of the date of measurement for the four most recent consecutive fiscal quarters. Adjusted Debt is defined generally as consolidated debt outstanding plus eight times consolidated rent expense for the last four consecutive fiscal quarters. Consolidated EBITDAR is defined generally as consolidated net income plus (i) income tax expense, (ii) net interest expense, (iii) depreciation and amortization expense, and (iv) consolidated rent expense. As of December 26, 2015, no Event of Default (as such term is defined pursuant to the Global Credit Facility) has occurred under the Company's Global Credit Facility.

Pan-Asia Credit Facilities

Certain of the Company's subsidiaries in Asia have uncommitted credit facilities with regional branches of JPMorgan Chase (the "Banks") in China and South Korea (the "Pan-Asia Credit Facilities"). These credit facilities are subject to annual renewal and may be used to fund general working capital and corporate needs of the Company's operations in the respective countries. Borrowings under the Pan-Asia Credit Facilities are guaranteed by the parent company and are granted at the sole discretion of the Banks, subject to availability of the Banks' funds and satisfaction of certain regulatory requirements. The Pan-Asia Credit Facilities do not contain any financial covenants. The Company's Pan-Asia Credit Facilities by country are as follows:


•	China Credit Facility — provides Ralph Lauren Trading (Shanghai) Co., Ltd. with a revolving line of credit of up to 100 million Chinese Renminbi (approximately $15 million) through April 7, 2016, and may also be used to support bank guarantees. As of December 26, 2015, bank guarantees supported by this facility were not material.


•	South Korea Credit Facility — provides Ralph Lauren (Korea) Ltd. with a revolving line of credit of up to 47 billion South Korean Won (approximately $40 million) through October 31, 2016.

As of December 26, 2015, there were no borrowings outstanding under the Pan-Asia Credit Facilities.

Refer to Note 14 of the Fiscal 2015 10-K for additional disclosure of the terms and conditions of the Company's debt and credit facilities.

Fair Value Measurements

9 Months Ended

Dec. 26, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements

U.S. GAAP establishes a three-level valuation hierarchy for disclosure of fair value measurements. The determination of the applicable level within the hierarchy for a particular asset or liability depends on the inputs used in its valuation as of the measurement date, notably the extent to which the inputs are market-based (observable) or internally-derived (unobservable). A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels are defined as follows:


•	Level 1 — inputs to the valuation methodology based on quoted prices (unadjusted) for identical assets or liabilities in active markets.

•

Level 2 — inputs to the valuation methodology based on quoted prices for similar assets or liabilities in active markets for substantially the full term of the financial instrument; quoted prices for identical or similar instruments in markets that are not active for substantially the full term of the financial instrument; and model-derived valuations whose inputs or significant value drivers are observable.


•	Level 3 — inputs to the valuation methodology based on unobservable prices or valuation techniques that are significant to the fair value measurement.

The following table summarizes the Company's financial assets and liabilities that are measured and recorded at fair value on a recurring basis, excluding accrued interest components:



	December 26, 2015		March 28, 2015
	(millions)
Financial assets recorded at fair value:
Corporate bonds — non-U.S.^(a)	$	8	$	8
Derivative financial instruments^(b)	45		87
Total	$	53	$	95
Financial liabilities recorded at fair value:
Derivative financial instruments^(b)	$	19	$	19
Total	$	19	$	19


^(a)	Based on Level 1 measurements.


^(b)	Based on Level 2 measurements.

To the extent the Company invests in bonds, such investments are classified as available-for-sale and recorded at fair value in its consolidated balance sheets based upon quoted prices in active markets.

The Company's derivative financial instruments are recorded at fair value in its consolidated balance sheets and are valued using pricing models that are primarily based on market observable external inputs, including spot and forward currency exchange rates, benchmark interest rates, and discount rates consistent with the instrument's tenor, and consider the impact of the Company's own credit risk, if any. Changes in counterparty credit risk are also considered in the valuation of derivative financial instruments.

The Company's cash and cash equivalents, restricted cash, and time deposits are recorded at carrying value, which approximates fair value based on Level 1 measurements.

The Company's debt instruments are recorded at their carrying values in its consolidated balance sheets, which may differ from their respective fair values. The fair values of the Senior Notes are estimated based on external pricing data, including available quoted market prices, and with reference to comparable debt instruments with similar interest rates, credit ratings, and trading frequency, among other factors. The fair value of the Company's commercial paper notes is estimated using external pricing data, based on interest rates and credit ratings for similar issuances with the same remaining term as the Company's outstanding borrowings. Due to their short-term nature, the fair value of commercial paper notes outstanding at December 26, 2015 approximates their carrying value.

The following table summarizes the carrying values and the estimated fair values of the Company's debt instruments:



	December 26, 2015					March 28, 2015
	Carrying Value			Fair Value^(a)		Carrying Value			Fair Value^(a)
	(millions)
$300 million 2.125% Senior Notes	$	298	^(b)	$	303	$	298	^(b)	$	304
$300 million 2.625% Senior Notes	298		^(b)	303		—			—
Commercial paper notes	15			15		234			234


^(a)	Based on Level 2 measurements.


^(b)	See Note 11 for discussion of the carrying values of the Company's Senior Notes as of December 26, 2015 and March 28, 2015.

Unrealized gains or losses resulting from changes in the fair value of the Company's debt do not result in the realization or expenditure of cash, unless the debt is retired prior to its maturity.

Non-financial Assets and Liabilities

The Company's non-financial assets, which primarily consist of goodwill, other intangible assets, and property and equipment, are not required to be measured at fair value on a recurring basis and are reported at carrying value. However, on a periodic basis or whenever events or changes in circumstances indicate that their carrying value may not be fully recoverable (and at least annually for goodwill and indefinite-lived intangible assets), non-financial instruments are assessed for impairment and, if applicable, written down to and recorded at fair value, considering external market participant assumptions.

During the three-month and nine-month periods ended December 26, 2015 and December 27, 2014, the Company recorded non-cash impairment charges to reduce the carrying values of certain long-lived store and shop-within-shop assets to their fair values. The fair values of these assets were determined based on Level 3 measurements. Inputs to these fair value measurements included estimates of the amount and timing of the stores' or shop-within-shops' net future discounted cash flows based on historical experience, current trends, and market conditions.

The following table summarizes the impairment charges recorded during the three-month and nine-month periods ended December 26, 2015 and December 27, 2014:



	Three Months Ended					Nine Months Ended
	December 26, 2015			December 27, 2014		December 26, 2015			December 27, 2014
	(millions)
Aggregate carrying value of long-lived assets written down to fair value	$	9		$	—	$	24		$	2
Impairment charges (see Note 8)	(9		)	—		(24		)	(2		)

No goodwill impairment charges were recorded during either of the nine-month periods ended December 26, 2015 or December 27, 2014. The Company performed its annual goodwill impairment assessment using a qualitative approach as of the beginning of the second quarter of Fiscal 2016. In performing the assessment, the Company identified and considered the significance of relevant key factors, events, and circumstances that affected the fair values and/or carrying amounts of its reporting units. These factors included external factors such as macroeconomic, industry, and market conditions, as well as entity-specific factors, such as the Company's actual and planned financial performance. Additionally, the results of the Company's most recent quantitative goodwill impairment test indicated that the fair values of its reporting units significantly exceeded their respective carrying values. Based on the results of its qualitative goodwill impairment assessment, the Company concluded that it is not more likely than not that the fair values of its reporting units are less than their respective carrying values, and there were no reporting units at risk of impairment.

Financial Instruments

9 Months Ended

Dec. 26, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments

Derivative Financial Instruments

The Company is exposed to changes in foreign currency exchange rates, primarily relating to certain anticipated cash flows and the value of reported net assets of its international operations, as well as changes in the fair value of its fixed-rate debt attributed to changes in the benchmark interest rate. Consequently, the Company uses derivative financial instruments to manage and mitigate such risks. The Company does not enter into derivative transactions for speculative or trading purposes.

The following table summarizes the Company's outstanding derivative instruments on a gross basis as recorded in its consolidated balance sheets as of December 26, 2015 and March 28, 2015:



	Notional Amounts				Derivative Assets						Derivative Liabilities
Derivative Instrument^(a)	December 26, 2015		March 28, 2015		December 26, 2015			March 28, 2015			December 26, 2015			March 28, 2015
					Balance Sheet Line^(b)	Fair Value		Balance Sheet Line^(b)	Fair Value		Balance Sheet Line^(b)	Fair Value		Balance Sheet Line^(b)	Fair Value
	(millions)
Designated Hedges:
FC — Inventory purchases	$	597	$	587	^(e)	$	17	PP	$	49	AE	$	5	AE	$	9
FC — Other^(c)	104		118		PP	1		PP	5		AE	1		AE	1
IRS — 2.125% Senior Notes	300		—		—	—		—	—		ONCL	1		—	—
CCS — NI	307		—		—	—		—	—		ONCL	7		—	—
Total Designated Hedges	$	1,308	$	705		$	18		$	54		$	14		$	10
Undesignated Hedges:
FC — Other^(d)	$	580	$	464	^(f)	$	27	^(g)	$	33	^(h)	$	5	⁽ⁱ⁾	$	9
Total Hedges	$	1,888	$	1,169		$	45		$	87		$	19		$	19


^(a)	FC = Forward foreign currency exchange contracts; IRS = Interest rate swap contract; CCS = Cross-currency swap contract; NI = Net investment hedge.


^(b)	PP = Prepaid expenses and other current assets; AE = Accrued expenses and other current liabilities; ONCL = Other non-current liabilities.


^(c)	Primarily includes designated hedges of foreign currency-denominated intercompany royalty payments and other operational exposures.


^(d)	Primarily includes undesignated hedges of foreign currency-denominated intercompany loans and other intercompany balances.


^(e)	$16 million included within prepaid expenses and other current assets and $1 million included within other non-current assets.


^(f)	$2 million included within prepaid expenses and other current assets and $25 million included within other non-current assets.


^(g)	$11 million included within prepaid expenses and other current assets and $22 million included within other non-current assets.


^(h)	$3 million included within accrued expenses and other current liabilities and $2 million included within other non-current liabilities.


⁽ⁱ⁾	$8 million included within accrued expenses and other current liabilities and $1 million included within other non-current liabilities.

The Company records and presents the fair values of all of its derivative assets and liabilities in its consolidated balance sheets on a gross basis, even though they are subject to master netting arrangements. However, if the Company were to offset and record the asset and liability balances of all of its derivative instruments on a net basis in accordance with the terms of each of its master netting arrangements, spread across eight separate counterparties, the amounts presented in the consolidated balance sheets as of December 26, 2015 and March 28, 2015 would be adjusted from the current gross presentation as detailed in the following table:



	December 26, 2015							March 28, 2015
Derivative Instrument	Gross Amounts Presented in the Balance Sheet		Gross Amounts Not Offset in the Balance Sheet that are Subject to Master Netting Agreements			Net Amount		Gross Amounts Presented in the Balance Sheet		Gross Amounts Not Offset in the Balance Sheet that are Subject to Master Netting Agreements			Net Amount
	(millions)
Derivative assets	$	45	$	(11	)	$	34	$	87	$	(14	)	$	73
Derivative liabilities	$	19	$	(11	)	$	8	$	19	$	(14	)	$	5

The Company's master netting arrangements do not require cash collateral to be pledged by the Company or its counterparties. Refer to Note 3 for further discussion of the Company's master netting arrangements.

The following tables summarize the pretax impact of the effective portion of gains and losses from the Company's designated derivative instruments on its unaudited interim consolidated financial statements for the three-month and nine-month periods ended December 26, 2015 and December 27, 2014:



	Gains (Losses) Recognized in OCI
	Three Months Ended					Nine Months Ended
Derivative Instrument	December 26, 2015			December 27, 2014		December 26, 2015			December 27, 2014
				(millions)
Designated Cash Flow Hedges:
FC — Inventory purchases	$	5		$	11	$	7		$	33
FC — Other	(1		)	12		(3		)	21
	$	4		$	23	$	4		$	54
Designated Hedge of Net Investment:^(a)
CCS	$	6		$	—	$	(7	)	$	—
Total Designated Hedges	$	10		$	23	$	(3	)	$	54



	Gains (Losses) Reclassified from AOCI to Earnings									Location of Gains (Losses) Reclassified from AOCI to Earnings
	Three Months Ended				Nine Months Ended
Derivative Instrument	December 26, 2015		December 27, 2014		December 26, 2015		December 27, 2014
			(millions)
Designated Cash Flow Hedges:
FC — Inventory purchases	$	13	$	—	$	29	$	(2	)	Cost of goods sold
FC — Other	—		11		—		16			Foreign currency gains (losses)
	$	13	$	11	$	29	$	14


^(a)	Amounts recognized in OCI would be recognized in earnings only upon the sale or liquidation of the hedged net investment.

As of December 26, 2015, it is expected that approximately $20 million of net gains deferred in AOCI related to derivative instruments will be recognized in earnings over the next twelve months. No material gains or losses relating to ineffective cash flow hedges were recognized during any of the fiscal periods presented.

The following table summarizes the pretax impact of gains and losses from the Company's undesignated derivative instruments on its unaudited interim consolidated financial statements for the three-month and nine-month periods ended December 26, 2015 and December 27, 2014:



	Gains (Losses) Recognized in Earnings								Location of Gains (Losses) Recognized in Earnings
	Three Months Ended				Nine Months Ended
Derivative Instrument	December 26, 2015		December 27, 2014		December 26, 2015		December 27, 2014
	(millions)
Undesignated Hedges:
FC — Other	$	2	$	18	$	4	$	24	Foreign currency gains (losses)
Total Undesignated Hedges	$	2	$	18	$	4	$	24

Risk Management Strategies

Forward Foreign Currency Exchange Contracts

The Company primarily enters into forward foreign currency exchange contracts to reduce its risk related to exchange rate fluctuations on inventory transactions made in an entity's non-functional currency, intercompany royalty payments made by certain of its international operations, intercompany contributions made to fund certain marketing efforts of its international operations, and other foreign currency-denominated operational and intercompany balances and cash flows. As part of its overall strategy to manage the level of exposure to the risk of foreign currency exchange rate fluctuations, primarily to changes in the value of the Euro, the Japanese Yen, the South Korean Won, the Australian Dollar, the Canadian Dollar, the British Pound Sterling, and the Hong Kong Dollar, the Company hedges a portion of its foreign currency exposures anticipated over a two-year period. In doing so, the Company uses forward foreign currency exchange contracts that generally have maturities of two months to two years to provide continuing coverage throughout the hedging period.

Interest Rate Swap Contract

During the first quarter of Fiscal 2016, the Company entered into a pay-floating rate, receive-fixed rate interest rate swap contract which it designated as a hedge against changes in the fair value of its fixed-rate 2.125% Senior Notes attributed to changes in the benchmark interest rate (the "Interest Rate Swap"). The Interest Rate Swap, which matures on September 26, 2018, has a notional amount of $300 million and swaps the fixed interest rate on the Company's 2.125% Senior Notes for a variable interest rate based on the 3-month London Interbank Offered Rate ("LIBOR") plus a fixed spread. Changes in the fair value of the Interest Rate Swap were offset by changes in the fair value of the 2.125% Senior Notes attributed to changes in the benchmark interest rate, with no resulting ineffectiveness recognized in earnings during either of the three-month or nine-month periods ended December 26, 2015.

Cross-Currency Swap Contract

During the first quarter of Fiscal 2016, the Company entered into a €280 million notional amount pay-floating rate, receive-floating rate cross-currency swap contract which it designated as a hedge of its net investment in certain of its European subsidiaries (the "Cross-Currency Swap"). The Cross-Currency Swap, which matures on September 26, 2018, swaps the USD-based variable interest rate payment based on the 3-month LIBOR plus a fixed spread (as paid under the Interest Rate Swap described above) for a Euro-based variable interest rate payment based on the 3-month Euro Interbank Offered Rate plus a fixed spread. As a result, the Cross-Currency Swap, in conjunction with the Interest Rate Swap, economically converts the Company's $300 million fixed-rate 2.125% Senior Notes to a €280 million floating-rate Euro-denominated liability. No material gains or losses related to the ineffective portion, or the amount excluded from effectiveness testing, were recognized in earnings during either the three-month or nine-month periods ended December 26, 2015.

See Note 3 for further discussion of the Company's accounting policies relating to its derivative financial instruments.

Investments

As of December 26, 2015, the Company's short-term and non-current investments consisted of $688 million of time deposits and $8 million of non-U.S. corporate bonds, respectively. As of March 28, 2015, the Company's short-term and non-current investments consisted of $644 million of time deposits and $8 million of non-U.S. corporate bonds, respectively.

No significant realized or unrealized gains or losses on available-for-sale investments or other-than-temporary impairment charges were recorded during any of the fiscal periods presented.

See Note 3 to the Fiscal 2015 10-K for further discussion of the Company's accounting policies relating to its investments.

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Dec. 26, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Customs Audit In September 2014, one of the Company's international subsidiaries received a pre-assessment notice from the relevant customs officials concerning the method used to determine the dutiable value of imported inventory. The notice communicated the customs officials' assertion that the Company should have applied an alternative duty method, which could result in up to approximately $46 million in incremental duty and non-creditable value-added tax, including approximately $11 million in interest and penalties. The Company believed that the alternative duty method claimed by the customs officials was not applicable to the Company's facts and circumstances and vigorously contested their asserted methodology. In October 2014, the Company filed an appeal of the pre-assessment notice in accordance with the standard procedures established by the relevant customs authorities. In response to the filing of the Company's appeal of the pre-assessment notice, the review committee instructed the customs officials to reconsider their assertion of the alternative duty method and conduct a re-audit to evaluate the facts and circumstances noted in the pre-assessment notice. In December 2015, the Company received the results of the re-audit conducted and a customs audit assessment notice in the amount of approximately $34 million, which the Company recorded within restructuring and other charges in its unaudited interim consolidated statements of income during the third quarter of Fiscal 2016 (see Note 9). Although the Company disagrees with the assessment notice, in order to secure the Company's rights, the Company must pay the assessment amount and subsequently file its appeal with the customs authorities within 90 days of receipt of notification of such assessment. The Company continues to maintain its original filing position and will vigorously contest any other proposed methodology asserted by the customs officials. Should the Company be successful in its merits, a full refund for the amounts paid plus interest will be required to be paid by the customs authorities. If the Company is unsuccessful in its current appeal with the customs authorities, it may further appeal this decision within the courts. At this time, while the Company believes that the customs officials' claims are not meritorious and that the Company should prevail, the outcome of the appeals process is subject to risk and uncertainty. Other Matters The Company is involved, from time to time, in litigation, other legal claims, and proceedings involving matters associated with or incidental to its business, including, among other things, matters involving credit card fraud, trademark and other intellectual property, licensing, importation and exportation of its products, taxation, unclaimed property, and employee relations. The Company believes at present that the resolution of currently pending matters will not individually or in the aggregate have a material adverse effect on its consolidated financial statements. However, the Company's assessment of any current litigation or other legal claims could potentially change in light of the discovery of facts not presently known or determinations by judges, juries, or other finders of fact which are not in accord with management's evaluation of the possible liability or outcome of such litigation or claims. In the normal course of business, the Company enters into agreements that provide general indemnifications. The Company has not made any significant indemnification payments under such agreements in the past, and does not currently anticipate incurring any material indemnification payments.

Equity

9 Months Ended

Dec. 26, 2015

Equity [Abstract]

Equity

Summary of Changes in Equity

A reconciliation of the beginning and ending amounts of equity is presented below:



	Nine Months Ended
	December 26, 2015			December 27, 2014
	(millions)
Balance at beginning of period	$	3,891		$	4,034
Comprehensive income	320			442
Dividends declared	(127		)	(118		)
Repurchases of common stock, including shares surrendered for tax withholdings	(399		)	(382		)
Stock-based compensation	79			60
Shares issued and tax benefits recognized pursuant to stock-based compensation arrangements	40			53
Conversion of stock-based compensation awards	—			(14		)
Balance at end of period	$	3,804		$	4,075

Common Stock Repurchase Program

A summary of the Company's repurchases of Class A common stock under its common stock repurchase program is presented below:



	Nine Months Ended
	December 26, 2015		December 27, 2014
	(millions)
Cost of shares repurchased	$	380	$	350
Number of shares repurchased	3.0		2.1

As of December 26, 2015, the remaining availability under the Company's Class A common stock repurchase program was approximately $200 million. Repurchases of shares of Class A common stock are subject to overall business and market conditions.

In addition, during each of the nine-month periods ended December 26, 2015 and December 27, 2014, 0.2 million shares of Class A common stock, at a cost of $19 million and $32 million, respectively, were surrendered to, or withheld by, the Company in satisfaction of withholding taxes in connection with the vesting of awards under the Company's 1997 Long-Term Stock Incentive Plan, as amended (the "1997 Incentive Plan"), and its Amended and Restated 2010 Long-Term Stock Incentive Plan (the "2010 Incentive Plan").

Repurchased and surrendered shares are accounted for as treasury stock at cost and held in treasury for future use.

Dividends

Since 2003, the Company has maintained a regular quarterly cash dividend program on its common stock. On February 3, 2015, the Company's Board of Directors approved an increase to the Company's quarterly cash dividend on its common stock from $0.45 per share to $0.50 per share. The third quarter Fiscal 2016 dividend of $0.50 per share was declared on December 11, 2015, was payable to stockholders of record at the close of business on December 24, 2015, and was paid on January 8, 2016. Dividends paid amounted to $128 million and $119 million during the nine-month periods ended December 26, 2015 and December 27, 2014, respectively.

Conversion of Stock-based Compensation Awards

During the first quarter of Fiscal 2015, the Company converted certain fully-vested and expensed stock-based compensation awards to a cash contribution into a deferred compensation account. The Company recorded the excess of these awards' then current redemption value over their original grant-date fair value to retained earnings, with a corresponding increase to other non-current liabilities in the consolidated balance sheet.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Accumulated Other Comprehensive Income

9 Months Ended

Dec. 26, 2015

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income

The following table presents the components of other comprehensive income (loss), net of tax, accumulated in equity:



	Foreign Currency Translation Gains (Losses)^(a)			Net Unrealized Gains (Losses) on Cash Flow Hedges^(b)			Net Unrealized Losses on Defined Benefit Plans^(c)			Total Accumulated Other Comprehensive Income (Loss)
	(millions)
Balance at March 29, 2014	$	125		$	(4	)	$	(7	)	$	114
Other comprehensive income (loss), net of tax:
OCI before reclassifications	(174		)	48			1			(125		)
Amounts reclassified from AOCI to earnings	—			(11		)	—			(11		)
Other comprehensive income (loss), net of tax	(174		)	37			1			(136		)
Balance at December 27, 2014	$	(49	)	$	33		$	(6	)	$	(22	)

Balance at March 28, 2015	$	(193	)	$	43		$	(15	)	$	(165	)
Other comprehensive income (loss), net of tax:
OCI before reclassifications	(13		)	3			1			(9		)
Amounts reclassified from AOCI to earnings	—			(27		)	1			(26		)
Other comprehensive income (loss), net of tax	(13		)	(24		)	2			(35		)
Balance at December 26, 2015	$	(206	)	$	19		$	(13	)	$	(200	)

^(a)

OCI before reclassifications to earnings related to foreign currency translation gains (losses) includes income tax benefits of $2 million for each of the nine-month periods ended December 26, 2015 and December 27, 2014. OCI before reclassifications to earnings for the nine months ended December 26, 2015 also includes losses of $4 million (net of a $3 million income tax benefit) related to the effective portion of changes in the fair value of the Cross-Currency Swap designated as a hedge of the Company's net investment in certain of its European subsidiaries (see Note 13).


^(b)	OCI before reclassifications to earnings related to net unrealized gains (losses) on cash flow hedges is net of income tax provisions of $1 million and $6 million for the nine-month periods ended December 26, 2015 and December 27, 2014, respectively. The tax effects on amounts reclassified from AOCI to earnings are presented in a table below.


^(c)	Activity is presented net of taxes, which were immaterial for both periods presented.

The following table presents reclassifications from AOCI to earnings for cash flow hedges, by component:



	Three Months Ended						Nine Months Ended						Location of Gains (Losses) Reclassified from AOCI to Earnings
	December 26, 2015			December 27, 2014			December 26, 2015			December 27, 2014
	(millions)
Gains (losses) on cash flow hedges^(a):
FC — Inventory purchases	$	13		$	—		$	29		$	(2	)	Cost of goods sold
FC — Other	—			11			—			16			Foreign currency gains (losses)
Tax effect	(2		)	(3		)	(2		)	(3		)	Provision for income taxes
Net of tax	$	11		$	8		$	27		$	11


^(a)	FC = Forward foreign currency exchange contracts.

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

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+ Details

Stock-based Compensation

9 Months Ended

Dec. 26, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-based Compensation

The Company's stock-based compensation awards are currently issued under the 2010 Incentive Plan, which was approved by its stockholders on August 5, 2010. However, any prior awards granted under the 1997 Incentive Plan remain subject to the terms of that plan. Any awards that expire, are forfeited, or are surrendered to the Company in satisfaction of taxes are available for issuance under the 2010 Incentive Plan.

Stock-based compensation awards that may be issued under the 2010 Incentive Plan include, but are not limited to, (i) stock options, (ii) restricted stock, and (iii) RSUs. In recent years, the Company's annual grants of stock-based compensation awards to its employees primarily consisted of stock options and RSUs. However, in Fiscal 2016, the annual grants consisted entirely of RSUs, as the Company elected to issue service-based RSUs in lieu of stock options. Additionally, new vesting provisions for certain awards granted to retirement-eligible employees were introduced. Specifically, beginning in Fiscal 2016, for certain service-based and performance-based RSUs granted to retirement-eligible employees, or employees who will become retirement-eligible prior to the end of the awards' respective stated vesting periods, vesting continues post-retirement for all or a portion of the remaining unvested RSUs. Accordingly, the related stock-based compensation expense is recognized on an accelerated basis over a term commensurate with the period that the employee is required to provide service in order to vest in the award.

Refer to Note 20 in the Fiscal 2015 10-K for additional details surrounding the Company's stock-based compensation awards, including information related to vesting terms, service and performance conditions, and payout percentages.

Impact on Results

A summary of total stock-based compensation expense and the related income tax benefits recognized during the three-month and nine-month periods ended December 26, 2015 and December 27, 2014 is as follows:



	Three Months Ended							Nine Months Ended
	December 26, 2015				December 27, 2014			December 26, 2015				December 27, 2014
	(millions)
Compensation expense	$	25		^(a)	$	18		$	79		^(a)	$	60
Income tax benefit	$	(10	)		$	(7	)	$	(30	)		$	(23	)


^(a)	Includes approximately $9 million of accelerated stock-based compensation expense recorded within restructuring and other charges in the Company's unaudited interim consolidated statements of income during the three-month and nine-month periods ended December 26, 2015 (see Note 9). All other stock-based compensation expense was recorded within SG&A expenses.

The Company issues its annual grants of stock-based compensation awards in the first half of each fiscal year. Due to the timing of the annual grants and other factors, including the composition of the retirement-eligible employee population, stock-based compensation expense recognized during the three-month and nine-month periods ended December 26, 2015 is not indicative of the level of compensation expense expected to be incurred for the full Fiscal 2016.

Stock Options

A summary of stock option activity under all plans for the nine months ended December 26, 2015 is as follows:



	Number of Options
	(thousands)
Options outstanding at March 28, 2015	3,225
Granted	—
Exercised	(588	)
Cancelled/Forfeited	(150	)
Options outstanding at December 26, 2015	2,487

Restricted Stock Awards and Service-based RSUs

The fair values of restricted stock awards granted to non-employee directors are determined based on the fair value of the Company's Class A common stock on the date of grant. The weighted-average grant date fair values of restricted stock awards granted, which entitle holders to receive cash dividends in connection with the payments of dividends on the Company's Class A common stock, were $131.40 and $162.36 per share during the nine-month periods ended December 26, 2015 and December 27, 2014, respectively.

The fair values of service-based RSUs granted to certain of the Company's senior executives, as well as to certain of its other employees, are based on the fair value of the Company's Class A common stock on the date of grant, adjusted to reflect the absence of dividends for any awards not entitled to accrue dividend equivalents while outstanding. The weighted-average grant date fair values of service-based RSU awards granted were $126.06 and $167.26 per share during the nine-month periods ended December 26, 2015 and December 27, 2014, respectively.

A summary of restricted stock and service-based RSU activity during the nine months ended December 26, 2015 is as follows:



	Number of Shares
	Restricted Stock		Service-based RSUs
	(thousands)
Nonvested at March 28, 2015	5		47
Granted	8		495
Vested	(3	)	(13	)
Forfeited	(1	)	(36	)
Nonvested at December 26, 2015	9		493

Performance-based RSUs

The fair values of the Company's performance-based RSUs that are not subject to a market condition in the form of a total shareholder return ("TSR") modifier are based on the fair value of the Company's Class A common stock on the date of grant, adjusted to reflect the absence of dividends for those securities that are not entitled to dividend equivalents. The weighted-average grant date fair values of performance-based RSUs that do not contain a TSR modifier granted during the nine-month periods ended December 26, 2015 and December 27, 2014 were $126.71 and $157.10 per share, respectively.

The fair values of the Company's performance-based RSUs with a TSR modifier are determined on the date of grant using a Monte Carlo simulation valuation model. This pricing model uses multiple simulations to evaluate the probability of the Company achieving various stock price levels to determine its expected TSR performance ranking. No such awards were granted during the nine months ended December 26, 2015. The weighted-average grant date fair value of performance-based RSUs with a TSR modifier granted during the nine months ended December 27, 2014 was $169.47.

A summary of performance-based RSU activity during the nine months ended December 26, 2015 is as follows:



	Number of Shares
	Performance-based RSUs — without TSR Modifier		Performance-based RSUs — with TSR Modifier
	(thousands)
Nonvested at March 28, 2015	697		214
Granted	339		—
Change due to performance/market condition achievement	(8	)	(20	)
Vested	(293	)	(50	)
Forfeited	(43	)	(2	)
Nonvested at December 26, 2015	692		142

Segment Information

9 Months Ended

Dec. 26, 2015

Segment Reporting [Abstract]

Segment Information

The Company has three reportable segments based on its business activities and organization: Wholesale, Retail, and Licensing. These segments offer a variety of products through different channels of distribution. The Wholesale segment consists of apparel, accessories, home furnishings, and related products which are sold to major department stores, specialty stores, golf and pro shops, and the Company's owned, licensed, and franchised retail stores in the U.S. and overseas. The Retail segment consists of the Company's integrated worldwide retail operations, which sell products through its retail stores, concession-based shop-within-shops, and e-commerce sites, which are purchased from the Company's licensees, suppliers, and Wholesale segment. The Licensing segment generates revenues from royalties earned on the sale of the Company's apparel, home, and other products internationally and domestically through licensing alliances. The licensing agreements grant the licensees rights to use the Company's various trademarks in connection with the manufacture and sale of designated products in specified geographical areas for specified periods.

The accounting policies of the Company's segments are consistent with those described in Notes 2 and 3 to the Company's consolidated financial statements included in the Fiscal 2015 10-K. Sales and transfers between segments are generally recorded at cost and treated as transfers of inventory. All intercompany revenues, including such sales between segments, are eliminated in consolidation and are not reviewed when evaluating segment performance. Each segment's performance is evaluated based upon operating income before restructuring charges and certain other one-time items, such as legal charges, if any. Certain corporate overhead expenses related to global functions, most notably the Company's executive office, information technology, finance and accounting, human resources, and legal departments, largely remain at corporate. Additionally, other costs that cannot be allocated to the segments based on specific usage are also maintained at corporate, including corporate advertising and marketing expenses, depreciation and amortization of corporate assets, and other general and administrative expenses resulting from corporate-level activities and projects.

Net revenues and operating income for each of the Company's reportable segments are as follows:



	Three Months Ended				Nine Months Ended
	December 26, 2015		December 27, 2014		December 26, 2015		December 27, 2014
	(millions)
Net revenues:
Wholesale	$	786	$	837	$	2,355	$	2,488
Retail	1,113		1,149		3,044		3,115
Licensing	47		47		135		132
Total net revenues	$	1,946	$	2,033	$	5,534	$	5,735



	Three Months Ended						Nine Months Ended
	December 26, 2015			December 27, 2014			December 26, 2015			December 27, 2014
	(millions)
Operating income:
Wholesale^(a)	$	183		$	207		$	567		$	634
Retail^(b)	136			194			369			499
Licensing	42			42			120			120
	361			443			1,056			1,253
Unallocated corporate expenses	(114		)	(127		)	(418		)	(401		)
Unallocated restructuring and other charges^(c)	(58		)	(1		)	(123		)	(7		)
Total operating income	$	189		$	315		$	515		$	845

^(a)

During the three-month and nine-month periods ended December 26, 2015, the Company recorded non-cash impairment charges of $1 million and $6 million, respectively, primarily to write off certain fixed assets related to its shop-within-shops in connection with the Global Reorganization Plan. During the nine-month period ended December 27, 2014, the Company recorded non-cash impairment charges of $1 million, primarily to write off certain fixed assets related to its European operations. See Notes 8 and 9 for additional information.

^(b)

During the three-month and nine-month periods ended December 26, 2015, the Company recorded non-cash impairment charges of $8 million and $18 million, respectively, primarily to write off certain fixed assets related to its stores and concession-based shop-within-shops in connection with the Global Reorganization Plan. During the nine-month period ended December 27, 2014, the Company recorded non-cash impairment charges of $1 million, primarily to write off certain fixed assets related its domestic retail stores. See Notes 8 and 9 for additional information.


^(c)	The three-month and nine-month periods ended December 26, 2015 and December 27, 2014 included certain unallocated restructuring and other charges (see Note 9), which are detailed below:



	Three Months Ended						Nine Months Ended
	December 26, 2015			December 27, 2014			December 26, 2015			December 27, 2014
	(millions)
Unallocated restructuring and other charges:
Wholesale-related	$	—		$	—		$	(10	)	$	(3	)
Retail-related	(1		)	(1		)	(20		)	(4		)
Licensing-related	—			—			(1		)	—
Corporate operations-related	(22		)	—			(45		)	—
Unallocated restructuring charges	(23		)	(1		)	(76		)	(7		)
Other charges (see Note 9)	(35		)	—			(47		)	—
Total unallocated restructuring and other charges	$	(58	)	$	(1	)	$	(123	)	$	(7	)

Depreciation and amortization expense for the Company's segments is as follows:



	Three Months Ended				Nine Months Ended
	December 26, 2015		December 27, 2014		December 26, 2015		December 27, 2014
	(millions)
Depreciation and amortization:
Wholesale	$	15	$	17	$	45	$	51
Retail	39		42		117		113
Licensing	1		—		1		—
Unallocated corporate expenses	21		19		64		55
Total depreciation and amortization	$	76	$	78	$	227	$	219

Net revenues by geographic location of the reporting subsidiary are as follows:



	Three Months Ended				Nine Months Ended
	December 26, 2015		December 27, 2014		December 26, 2015		December 27, 2014
	(millions)
Net revenues^(a):
The Americas^(b)	$	1,321	$	1,390	$	3,719	$	3,838
Europe^(c)	399		409		1,163		1,221
Asia^(d)	226		234		652		676
Total net revenues	$	1,946	$	2,033	$	5,534	$	5,735


^(a)	Net revenues for certain of the Company's licensed operations are included within the geographic location of the reporting subsidiary which holds the respective license.


^(b)	Includes the U.S., Canada, and Latin America. Net revenues earned in the U.S. during the three-month and nine-month periods ended December 26, 2015 were $1.251 billion and $3.527 billion, respectively, and $1.317 billion and $3.647 billion during the three-month and nine-month periods ended December 27, 2014, respectively.


^(c)	Includes the Middle East.


^(d)	Includes Australia and New Zealand.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

+ Details

Additional Financial Information

9 Months Ended

Dec. 26, 2015

Supplemental Cash Flow Information [Abstract]

Additional Financial Information

Cash Interest and Taxes

Cash paid for interest and income taxes is as follows:



	Three Months Ended				Nine Months Ended
	December 26, 2015		December 27, 2014		December 26, 2015		December 27, 2014
	(millions)
Cash paid for interest	$	3	$	3	$	8	$	10
Cash paid for income taxes	$	26	$	28	$	151	$	204

Non-cash Transactions

Non-cash investing activities included the capitalization of fixed assets and recognition of related obligations in the net amounts of $97 million and $82 million for the nine-month periods ended December 26, 2015 and December 27, 2014, respectively. In addition, non-cash investing activities for the nine months ended December 27, 2014 included the capitalization of a fixed asset, for which a $19 million non-binding advance payment was made during the Company's fiscal year ended March 29, 2014 and recorded within prepaid expenses and other current assets as of March 29, 2014.

There were no other significant non-cash investing or financing activities for the periods presented.

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Dec. 26, 2015

Accounting Policies [Abstract]

Basis of Consolidation

These unaudited interim consolidated financial statements present the consolidated financial position, income, comprehensive income, and cash flows of the Company, including all entities in which the Company has a controlling financial interest and is determined to be the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation.

Fiscal Year

Fiscal Periods

The Company utilizes a 52-53 week fiscal year ending on the Saturday closest to March 31. As such, fiscal year 2016 will end on April 2, 2016 and will be a 53-week period ("Fiscal 2016"). Fiscal year 2015 ended on March 28, 2015 and was a 52-week period ("Fiscal 2015"). The third quarter of Fiscal 2016 ended on December 26, 2015 and was a 13-week period. The third quarter of Fiscal 2015 ended on December 27, 2014 and was also a 13-week period.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results could differ materially from those estimates.

Significant estimates inherent in the preparation of the consolidated financial statements include reserves for bad debt, customer returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances; the realizability of inventory; reserves for litigation and other contingencies; useful lives and impairments of long-lived tangible and intangible assets; fair value measurements; accounting for income taxes and related uncertain tax positions; valuation of stock-based compensation awards and related estimated forfeiture rates; reserves for restructuring activity; and accounting for business combinations, among others.

Reclassifications

Certain reclassifications have been made to the prior period's financial information in order to conform to the current period's presentation.

Revenue Recognition

The Company accounts for sales taxes and other related taxes on a net basis, excluding such taxes from revenue.

Shipping and Handling Costs

Net Income Per Common Share

Net Income per Common Share

Options to purchase shares of the Company's Class A common stock at an exercise price greater than the average market price of the common stock during the reporting period are anti-dilutive and therefore not included in the computation of diluted net income per common share. In addition, the Company has outstanding RSUs that are issuable only upon the achievement of certain service and/or performance goals. Performance-based RSUs are included in the computation of diluted shares only to the extent that the underlying performance conditions (and any applicable market condition modifiers) (i) have been satisfied as of the end of the reporting period or (ii) would be considered satisfied if the end of the reporting period were the end of the related contingency period and the result would be dilutive under the treasury stock method.

Accounts Receivable

Derivative Financial Instruments

Cash Flow Hedges


•	Forecasted Inventory Transactions — recognized as part of the cost of the inventory being hedged within cost of goods sold when the related inventory is sold to a third party.


•	Intercompany Royalty Payments and Marketing Contributions — recognized within foreign currency gains (losses) generally in the period in which the related payments or contributions being hedged are received or paid.

Hedge of a Net Investment in a Foreign Operation

Fair Value Hedges

Undesignated Hedges

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Dec. 26, 2015

Summary of Significant Accounting Policies (Tables) [Abstract]

Summary of Basic and Diluted shares

The weighted-average number of common shares outstanding used to calculate basic net income per common share is reconciled to shares used to calculate diluted net income per common share as follows:



	Three Months Ended		Nine Months Ended
	December 26, 2015	December 27, 2014	December 26, 2015	December 27, 2014
	(millions)
Basic shares	84.9	88.1	85.7	88.5
Dilutive effect of stock options, restricted stock, and RSUs	0.6	0.9	0.6	1.0
Diluted shares	85.5	89.0	86.3	89.5

Sales Returns and Allowances [Member]

Summary of Significant Accounting Policies (Tables) [Abstract]

Rollforward of activity in the Company's allowance for doubtful accounts and its aggregate reserves for returns, discounts, end-of-season markdowns and operational chargebacks

A rollforward of the activity in the Company's reserves for returns, discounts, end-of-season markdowns, operational chargebacks, and certain cooperative advertising allowances is presented below:



	Three Months Ended						Nine Months Ended
	December 26, 2015			December 27, 2014			December 26, 2015			December 27, 2014
	(millions)
Beginning reserve balance	$	246		$	284		$	240		$	254
Amount charged against revenue to increase reserve	181			189			570			558
Amount credited against customer accounts to decrease reserve	(161		)	(206		)	(545		)	(538		)
Foreign currency translation	(2		)	(5		)	(1		)	(12		)
Ending reserve balance	$	264		$	262		$	264		$	262

Inventories (Tables)

9 Months Ended

Dec. 26, 2015

Inventory Disclosure [Abstract]

Inventory

Inventories consist of the following:



	December 26, 2015		March 28, 2015		December 27, 2014
	(millions)
Raw materials	$	3	$	3	$	2
Work-in-process	—		2		1
Finished goods	1,268		1,037		1,208
Total inventories	$	1,271	$	1,042	$	1,211

Property and Equipment (Tables)

9 Months Ended

Dec. 26, 2015

Property, Plant and Equipment [Abstract]

Property and equipment, net

Property and equipment, net consists of the following:



	December 26, 2015			March 28, 2015
	(millions)
Land and improvements	$	17		$	17
Buildings and improvements	456			409
Furniture and fixtures	723			686
Machinery and equipment	336			317
Capitalized software	445			402
Leasehold improvements	1,256			1,185
Construction in progress	171			99
	3,404			3,115
Less: accumulated depreciation	(1,840		)	(1,679		)
Property and equipment, net	$	1,564		$	1,436

Other Assets and Liabilities (Tables)

9 Months Ended

Dec. 26, 2015

Balance Sheet Related Disclosures [Abstract]

Schedule of Other Current Assets

Prepaid expenses and other current assets consist of the following:



	December 26, 2015		March 28, 2015
	(millions)
Other taxes receivable	$	102	$	93
Prepaid rent expense	34		31
Derivative financial instruments	19		65
Prepaid samples	16		12
Restricted cash	14		2
Tenant allowances receivable	12		14
Prepaid advertising and marketing	11		7
Other prepaid expenses and current assets	61		57
Total prepaid expenses and other current assets	$	269	$	281

Schedule of Other Assets, Noncurrent

Other non-current assets consist of the following:



	December 26, 2015		March 28, 2015
	(millions)
Security deposits	$	32	$	28
Restricted cash	30		36
Derivative financial instruments	26		22
Other non-current assets	50		45
Total other non-current assets	$	138	$	131

Schedule of Accrued and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following:



	December 26, 2015		March 28, 2015
	(millions)
Accrued operating expenses	$	249	$	183
Accrued inventory	171		75
Other taxes payable	146		108
Accrued payroll and benefits	130		162
Accrued capital expenditures	97		62
Deferred income	44		38
Dividends payable	42		43
Restructuring reserve	35		5
Capital lease obligations	20		19
Derivative financial instruments	9		18
Other accrued expenses and current liabilities	6		2
Total accrued expenses and other current liabilities	$	949	$	715

Schedule of Non-Current Liabilities

Other non-current liabilities consist of the following:



	December 26, 2015		March 28, 2015
	(millions)
Capital lease obligations	$	269	$	238
Deferred rent obligations	222		219
Deferred tax liabilities	87		87
Derivative financial instruments	10		1
Deferred compensation	8		9
Deferred income	5		20
Other non-current liabilities	46		41
Total other non-current liabilities	$	647	$	615

Restructuring and Other Charges (Tables)

9 Months Ended

Dec. 26, 2015

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

A summary of the charges recorded in connection with the Global Reorganization Plan during the three-month and nine-month periods ended December 26, 2015 is as follows:



	December 26, 2015
	Three Months Ended		Nine Months Ended
	(millions)
Cash-related restructuring charges:
Severance and benefit costs	$	11	$	49
Lease termination and store closure costs	—		7
Other cash charges^(a)	3		11
Total cash-related restructuring charges	14		67
Non-cash charges:
Impairment of assets (see Note 8)	9		24
Accelerated stock-based compensation expense^(b)	9		9
Inventory-related charges^(c)	10		13
Total non-cash charges	28		46
Total charges	$	42	$	113


^(a)	Other cash charges primarily consisted of consulting fees recorded in connection with the Global Reorganization Plan.


^(b)	Accelerated stock-based compensation expense, which is recorded within restructuring and other charges in the unaudited interim consolidated statements of income, was recorded in connection with vesting provisions associated with certain separation agreements.


^(c)	Inventory-related charges are recorded within cost of goods sold in the unaudited interim consolidated statements of income.

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

A summary of the activity in the restructuring reserve related to the Global Reorganization Plan is as follows:



	Severance and Benefit Costs			Lease Termination and Store Closure Costs			Other Cash Charges			Total
	(millions)
Balance at March 28, 2015	$	—		$	—		$	—		$	—
Additions charged to expense	49			7			11			67
Cash payments charged against reserve	(26		)	(2		)	(7		)	(35		)
Non-cash adjustments	—			1			—			1
Balance at December 26, 2015	$	23		$	6		$	4		$	33

Debt (Tables)

9 Months Ended

Dec. 26, 2015

Debt Disclosure [Abstract]

Schedule of Debt Instruments

Debt consists of the following:



	December 26, 2015		March 28, 2015
	(millions)
$300 million 2.125% Senior Notes^(a)	$	298	$	298
$300 million 2.625% Senior Notes^(b)	298		—
Commercial paper notes	15		234
Total debt	611		532
Less: short-term debt	15		234
Total long-term debt	$	596	$	298

^(a)


^(b)	The carrying value of the 2.625% Senior Notes is net of unamortized debt issuance costs and discount of $2 million as of December 26, 2015.

Fair Value Measurements (Tables)

9 Months Ended

Dec. 26, 2015

Fair Value Disclosures [Abstract]

Fair value of financial assets and liabilities measured and recorded at fair value on recurring basis

The following table summarizes the Company's financial assets and liabilities that are measured and recorded at fair value on a recurring basis, excluding accrued interest components:



	December 26, 2015		March 28, 2015
	(millions)
Financial assets recorded at fair value:
Corporate bonds — non-U.S.^(a)	$	8	$	8
Derivative financial instruments^(b)	45		87
Total	$	53	$	95
Financial liabilities recorded at fair value:
Derivative financial instruments^(b)	$	19	$	19
Total	$	19	$	19


^(a)	Based on Level 1 measurements.


^(b)	Based on Level 2 measurements.

Carrying value and the estimated fair value of the Company's debt obligations

The following table summarizes the carrying values and the estimated fair values of the Company's debt instruments:



	December 26, 2015					March 28, 2015
	Carrying Value			Fair Value^(a)		Carrying Value			Fair Value^(a)
	(millions)
$300 million 2.125% Senior Notes	$	298	^(b)	$	303	$	298	^(b)	$	304
$300 million 2.625% Senior Notes	298		^(b)	303		—			—
Commercial paper notes	15			15		234			234


^(a)	Based on Level 2 measurements.


^(b)	See Note 11 for discussion of the carrying values of the Company's Senior Notes as of December 26, 2015 and March 28, 2015.

Fair value measurements, nonrecurring

The following table summarizes the impairment charges recorded during the three-month and nine-month periods ended December 26, 2015 and December 27, 2014:



	Three Months Ended					Nine Months Ended
	December 26, 2015			December 27, 2014		December 26, 2015			December 27, 2014
	(millions)
Aggregate carrying value of long-lived assets written down to fair value	$	9		$	—	$	24		$	2
Impairment charges (see Note 8)	(9		)	—		(24		)	(2		)

Financial Instruments (Tables)

9 Months Ended

Dec. 26, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Company's outstanding derivative instruments on a gross basis as recorded on its consolidated balance sheets

The following table summarizes the Company's outstanding derivative instruments on a gross basis as recorded in its consolidated balance sheets as of December 26, 2015 and March 28, 2015:



	Notional Amounts				Derivative Assets						Derivative Liabilities
Derivative Instrument^(a)	December 26, 2015		March 28, 2015		December 26, 2015			March 28, 2015			December 26, 2015			March 28, 2015
					Balance Sheet Line^(b)	Fair Value		Balance Sheet Line^(b)	Fair Value		Balance Sheet Line^(b)	Fair Value		Balance Sheet Line^(b)	Fair Value
	(millions)
Designated Hedges:
FC — Inventory purchases	$	597	$	587	^(e)	$	17	PP	$	49	AE	$	5	AE	$	9
FC — Other^(c)	104		118		PP	1		PP	5		AE	1		AE	1
IRS — 2.125% Senior Notes	300		—		—	—		—	—		ONCL	1		—	—
CCS — NI	307		—		—	—		—	—		ONCL	7		—	—
Total Designated Hedges	$	1,308	$	705		$	18		$	54		$	14		$	10
Undesignated Hedges:
FC — Other^(d)	$	580	$	464	^(f)	$	27	^(g)	$	33	^(h)	$	5	⁽ⁱ⁾	$	9
Total Hedges	$	1,888	$	1,169		$	45		$	87		$	19		$	19


^(a)	FC = Forward foreign currency exchange contracts; IRS = Interest rate swap contract; CCS = Cross-currency swap contract; NI = Net investment hedge.


^(b)	PP = Prepaid expenses and other current assets; AE = Accrued expenses and other current liabilities; ONCL = Other non-current liabilities.


^(c)	Primarily includes designated hedges of foreign currency-denominated intercompany royalty payments and other operational exposures.


^(d)	Primarily includes undesignated hedges of foreign currency-denominated intercompany loans and other intercompany balances.


^(e)	$16 million included within prepaid expenses and other current assets and $1 million included within other non-current assets.


^(f)	$2 million included within prepaid expenses and other current assets and $25 million included within other non-current assets.


^(g)	$11 million included within prepaid expenses and other current assets and $22 million included within other non-current assets.


^(h)	$3 million included within accrued expenses and other current liabilities and $2 million included within other non-current liabilities.


⁽ⁱ⁾	$8 million included within accrued expenses and other current liabilities and $1 million included within other non-current liabilities.

Offsetting Assets



	December 26, 2015							March 28, 2015
Derivative Instrument	Gross Amounts Presented in the Balance Sheet		Gross Amounts Not Offset in the Balance Sheet that are Subject to Master Netting Agreements			Net Amount		Gross Amounts Presented in the Balance Sheet		Gross Amounts Not Offset in the Balance Sheet that are Subject to Master Netting Agreements			Net Amount
	(millions)
Derivative assets	$	45	$	(11	)	$	34	$	87	$	(14	)	$	73
Derivative liabilities	$	19	$	(11	)	$	8	$	19	$	(14	)	$	5

Gains (losses) recognized in AOCI and gains (losses) reclassified from AOCI to Earnings



	Gains (Losses) Recognized in OCI
	Three Months Ended					Nine Months Ended
Derivative Instrument	December 26, 2015			December 27, 2014		December 26, 2015			December 27, 2014
				(millions)
Designated Cash Flow Hedges:
FC — Inventory purchases	$	5		$	11	$	7		$	33
FC — Other	(1		)	12		(3		)	21
	$	4		$	23	$	4		$	54
Designated Hedge of Net Investment:^(a)
CCS	$	6		$	—	$	(7	)	$	—
Total Designated Hedges	$	10		$	23	$	(3	)	$	54



	Gains (Losses) Reclassified from AOCI to Earnings									Location of Gains (Losses) Reclassified from AOCI to Earnings
	Three Months Ended				Nine Months Ended
Derivative Instrument	December 26, 2015		December 27, 2014		December 26, 2015		December 27, 2014
			(millions)
Designated Cash Flow Hedges:
FC — Inventory purchases	$	13	$	—	$	29	$	(2	)	Cost of goods sold
FC — Other	—		11		—		16			Foreign currency gains (losses)
	$	13	$	11	$	29	$	14


^(a)	Amounts recognized in OCI would be recognized in earnings only upon the sale or liquidation of the hedged net investment.

Gains (losses) recognized in earnings from derivatives not designated as hedging instruments



	Gains (Losses) Recognized in Earnings								Location of Gains (Losses) Recognized in Earnings
	Three Months Ended				Nine Months Ended
Derivative Instrument	December 26, 2015		December 27, 2014		December 26, 2015		December 27, 2014
	(millions)
Undesignated Hedges:
FC — Other	$	2	$	18	$	4	$	24	Foreign currency gains (losses)
Total Undesignated Hedges	$	2	$	18	$	4	$	24

Equity (Tables)

9 Months Ended

Dec. 26, 2015

Equity [Abstract]

Summary of Changes in Equity

A reconciliation of the beginning and ending amounts of equity is presented below:



	Nine Months Ended
	December 26, 2015			December 27, 2014
	(millions)
Balance at beginning of period	$	3,891		$	4,034
Comprehensive income	320			442
Dividends declared	(127		)	(118		)
Repurchases of common stock, including shares surrendered for tax withholdings	(399		)	(382		)
Stock-based compensation	79			60
Shares issued and tax benefits recognized pursuant to stock-based compensation arrangements	40			53
Conversion of stock-based compensation awards	—			(14		)
Balance at end of period	$	3,804		$	4,075

Summary of Repurchased Common Stock

A summary of the Company's repurchases of Class A common stock under its common stock repurchase program is presented below:



	Nine Months Ended
	December 26, 2015		December 27, 2014
	(millions)
Cost of shares repurchased	$	380	$	350
Number of shares repurchased	3.0		2.1

Accumulated Other Comrehensive Income (Tables)

9 Months Ended

Dec. 26, 2015

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the components of other comprehensive income (loss), net of tax, accumulated in equity:



	Foreign Currency Translation Gains (Losses)^(a)			Net Unrealized Gains (Losses) on Cash Flow Hedges^(b)			Net Unrealized Losses on Defined Benefit Plans^(c)			Total Accumulated Other Comprehensive Income (Loss)
	(millions)
Balance at March 29, 2014	$	125		$	(4	)	$	(7	)	$	114
Other comprehensive income (loss), net of tax:
OCI before reclassifications	(174		)	48			1			(125		)
Amounts reclassified from AOCI to earnings	—			(11		)	—			(11		)
Other comprehensive income (loss), net of tax	(174		)	37			1			(136		)
Balance at December 27, 2014	$	(49	)	$	33		$	(6	)	$	(22	)

Balance at March 28, 2015	$	(193	)	$	43		$	(15	)	$	(165	)
Other comprehensive income (loss), net of tax:
OCI before reclassifications	(13		)	3			1			(9		)
Amounts reclassified from AOCI to earnings	—			(27		)	1			(26		)
Other comprehensive income (loss), net of tax	(13		)	(24		)	2			(35		)
Balance at December 26, 2015	$	(206	)	$	19		$	(13	)	$	(200	)

^(a)


^(b)	OCI before reclassifications to earnings related to net unrealized gains (losses) on cash flow hedges is net of income tax provisions of $1 million and $6 million for the nine-month periods ended December 26, 2015 and December 27, 2014, respectively. The tax effects on amounts reclassified from AOCI to earnings are presented in a table below.


^(c)	Activity is presented net of taxes, which were immaterial for both periods presented.

Reclassification out of Accumulated Other Comprehensive Income

The following table presents reclassifications from AOCI to earnings for cash flow hedges, by component:



	Three Months Ended						Nine Months Ended						Location of Gains (Losses) Reclassified from AOCI to Earnings
	December 26, 2015			December 27, 2014			December 26, 2015			December 27, 2014
	(millions)
Gains (losses) on cash flow hedges^(a):
FC — Inventory purchases	$	13		$	—		$	29		$	(2	)	Cost of goods sold
FC — Other	—			11			—			16			Foreign currency gains (losses)
Tax effect	(2		)	(3		)	(2		)	(3		)	Provision for income taxes
Net of tax	$	11		$	8		$	27		$	11


^(a)	FC = Forward foreign currency exchange contracts.

Stock-based Compensation (Tables)

9 Months Ended

Dec. 26, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of the total compensation expense and the associated income tax benefits recognized related to stock-based compensation arrangements



	Three Months Ended							Nine Months Ended
	December 26, 2015				December 27, 2014			December 26, 2015				December 27, 2014
	(millions)
Compensation expense	$	25		^(a)	$	18		$	79		^(a)	$	60
Income tax benefit	$	(10	)		$	(7	)	$	(30	)		$	(23	)


^(a)	Includes approximately $9 million of accelerated stock-based compensation expense recorded within restructuring and other charges in the Company's unaudited interim consolidated statements of income during the three-month and nine-month periods ended December 26, 2015 (see Note 9). All other stock-based compensation expense was recorded within SG&A expenses.

Summary of the stock option activity under all plans

A summary of stock option activity under all plans for the nine months ended December 26, 2015 is as follows:



	Number of Options
	(thousands)
Options outstanding at March 28, 2015	3,225
Granted	—
Exercised	(588	)
Cancelled/Forfeited	(150	)
Options outstanding at December 26, 2015	2,487

Restricted Stock And Service Based Restricted Stock Units [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of restricted stock and restricted stock unit activity

A summary of restricted stock and service-based RSU activity during the nine months ended December 26, 2015 is as follows:



	Number of Shares
	Restricted Stock		Service-based RSUs
	(thousands)
Nonvested at March 28, 2015	5		47
Granted	8		495
Vested	(3	)	(13	)
Forfeited	(1	)	(36	)
Nonvested at December 26, 2015	9		493

Performance Shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of restricted stock and restricted stock unit activity

A summary of performance-based RSU activity during the nine months ended December 26, 2015 is as follows:



	Number of Shares
	Performance-based RSUs — without TSR Modifier		Performance-based RSUs — with TSR Modifier
	(thousands)
Nonvested at March 28, 2015	697		214
Granted	339		—
Change due to performance/market condition achievement	(8	)	(20	)
Vested	(293	)	(50	)
Forfeited	(43	)	(2	)
Nonvested at December 26, 2015	692		142

Segment Information (Tables)

9 Months Ended

Dec. 26, 2015

Segment Reporting [Abstract]

Net revenues by segment

Net revenues and operating income for each of the Company's reportable segments are as follows:



	Three Months Ended				Nine Months Ended
	December 26, 2015		December 27, 2014		December 26, 2015		December 27, 2014
	(millions)
Net revenues:
Wholesale	$	786	$	837	$	2,355	$	2,488
Retail	1,113		1,149		3,044		3,115
Licensing	47		47		135		132
Total net revenues	$	1,946	$	2,033	$	5,534	$	5,735

Net operating income by segment



	Three Months Ended						Nine Months Ended
	December 26, 2015			December 27, 2014			December 26, 2015			December 27, 2014
	(millions)
Operating income:
Wholesale^(a)	$	183		$	207		$	567		$	634
Retail^(b)	136			194			369			499
Licensing	42			42			120			120
	361			443			1,056			1,253
Unallocated corporate expenses	(114		)	(127		)	(418		)	(401		)
Unallocated restructuring and other charges^(c)	(58		)	(1		)	(123		)	(7		)
Total operating income	$	189		$	315		$	515		$	845

^(a)

^(b)


^(c)	The three-month and nine-month periods ended December 26, 2015 and December 27, 2014 included certain unallocated restructuring and other charges (see Note 9), which are detailed below:



	Three Months Ended						Nine Months Ended
	December 26, 2015			December 27, 2014			December 26, 2015			December 27, 2014
	(millions)
Unallocated restructuring and other charges:
Wholesale-related	$	—		$	—		$	(10	)	$	(3	)
Retail-related	(1		)	(1		)	(20		)	(4		)
Licensing-related	—			—			(1		)	—
Corporate operations-related	(22		)	—			(45		)	—
Unallocated restructuring charges	(23		)	(1		)	(76		)	(7		)
Other charges (see Note 9)	(35		)	—			(47		)	—
Total unallocated restructuring and other charges	$	(58	)	$	(1	)	$	(123	)	$	(7	)

Restructuring and other charges by segment

The three-month and nine-month periods ended December 26, 2015 and December 27, 2014 included certain unallocated restructuring and other charges (see Note 9), which are detailed below:



	Three Months Ended						Nine Months Ended
	December 26, 2015			December 27, 2014			December 26, 2015			December 27, 2014
	(millions)
Unallocated restructuring and other charges:
Wholesale-related	$	—		$	—		$	(10	)	$	(3	)
Retail-related	(1		)	(1		)	(20		)	(4		)
Licensing-related	—			—			(1		)	—
Corporate operations-related	(22		)	—			(45		)	—
Unallocated restructuring charges	(23		)	(1		)	(76		)	(7		)
Other charges (see Note 9)	(35		)	—			(47		)	—
Total unallocated restructuring and other charges	$	(58	)	$	(1	)	$	(123	)	$	(7	)

Depreciation and amortization by segment

Depreciation and amortization expense for the Company's segments is as follows:



	Three Months Ended				Nine Months Ended
	December 26, 2015		December 27, 2014		December 26, 2015		December 27, 2014
	(millions)
Depreciation and amortization:
Wholesale	$	15	$	17	$	45	$	51
Retail	39		42		117		113
Licensing	1		—		1		—
Unallocated corporate expenses	21		19		64		55
Total depreciation and amortization	$	76	$	78	$	227	$	219

Net revenues by geographic location

Net revenues by geographic location of the reporting subsidiary are as follows:



	Three Months Ended				Nine Months Ended
	December 26, 2015		December 27, 2014		December 26, 2015		December 27, 2014
	(millions)
Net revenues^(a):
The Americas^(b)	$	1,321	$	1,390	$	3,719	$	3,838
Europe^(c)	399		409		1,163		1,221
Asia^(d)	226		234		652		676
Total net revenues	$	1,946	$	2,033	$	5,534	$	5,735


^(a)	Net revenues for certain of the Company's licensed operations are included within the geographic location of the reporting subsidiary which holds the respective license.


^(b)	Includes the U.S., Canada, and Latin America. Net revenues earned in the U.S. during the three-month and nine-month periods ended December 26, 2015 were $1.251 billion and $3.527 billion, respectively, and $1.317 billion and $3.647 billion during the three-month and nine-month periods ended December 27, 2014, respectively.


^(c)	Includes the Middle East.


^(d)	Includes Australia and New Zealand.

Summary of Significant Accounting Policies (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Summary of basic and diluted shares
Basic shares	84.9	88.1	85.7	88.5
Dilutive effect of stock options, restricted stock, and RSUs	0.6	0.9	0.6	1.0
Diluted shares	85.5	89.0	86.3	89.5
Summary of Significant Accounting Policies (Textual) [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			2.5	1.9

Summary of Significant Accounting Policies (Details 1) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Sales Returns and Allowances [Member]
Rollforward of activity in the Company's allowance for doubtful accounts and its aggregate reserves for returns, discounts, end-of-season markdowns and operational chargebacks
Beginning reserve balance	$ 246	$ 284	$ 240	$ 254
Amount charged against revenue to increase reserve	181	189	570	558
Amount credited against customer accounts to decrease reserve	(161)	(206)	(545)	(538)
Foreign currency translation	(2)	(5)	(1)	(12)
Ending reserve balance	264	$ 262	264	$ 262
Allowance for Doubtful Accounts [Member]
Rollforward of activity in the Company's allowance for doubtful accounts and its aggregate reserves for returns, discounts, end-of-season markdowns and operational chargebacks
Beginning reserve balance			11
Ending reserve balance	$ 13		$ 13

Summary of Significant Accounting Policies (Details Textual) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 26, 2015 USD ($) Customer	Dec. 27, 2014 USD ($)	Dec. 26, 2015 USD ($) Customer	Dec. 27, 2014 USD ($)	Mar. 28, 2015
Summary of Significant Accounting Policies (Textual) [Abstract]
Shipping costs	$ 13	$ 13	$ 32	$ 32
Handling costs	$ 48	$ 49	$ 133	$ 136
Number Of Key Department Store Customers \| Customer	3		3
Sales Revenue, Goods, Net [Member]
Summary of Significant Accounting Policies (Textual) [Abstract]
Contribution of Key Wholesale Customers					24.00%
Accounts Receivable [Member]
Summary of Significant Accounting Policies (Textual) [Abstract]
Contribution of Key Wholesale Customers			42.00%
Macy's [Member] \| Sales Revenue, Goods, Net [Member]
Summary of Significant Accounting Policies (Textual) [Abstract]
Contribution of Key Wholesale Customers					12.00%

Inventories (Details) - USD ($) $ in Millions	Dec. 26, 2015	Mar. 28, 2015	Dec. 27, 2014
Inventories
Raw materials	$ 3	$ 3	$ 2
Work-in-process	0	2	1
Finished goods	1,268	1,037	1,208
Total inventories	$ 1,271	$ 1,042	$ 1,211

Property and Equipment (Details) - USD ($) $ in Millions	Dec. 26, 2015	Mar. 28, 2015
Property and equipment, net
Land and improvements	$ 17	$ 17
Buildings and improvements	456	409
Furniture and fixtures	723	686
Machinery and equipment	336	317
Capitalized software	445	402
Leasehold improvements	1,256	1,185
Construction in progress	171	99
Property and equipment, gross	3,404	3,115
Less: accumulated depreciation	(1,840)	(1,679)
Property and equipment, net	$ 1,564	$ 1,436

Other Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 26, 2015	Mar. 28, 2015
Prepaid Expense and Other Assets, Current
Other taxes receivable	$ 102	$ 93
Prepaid rent expense	34	31
Derivative financial instruments, current	19	65
Prepaid samples	16	12
Restricted cash, current	14	2
Tenant allowances receivable	12	14
Prepaid advertising and marketing	11	7
Other prepaid expenses and other current assets	61	57
Prepaid expenses and other current assets	269	281
Other Assets, Noncurrent
Security deposits	32	28
Restricted cash, noncurrent	30	36
Derivative Asset, Noncurrent	26	22
Other non-current assets	50	45
Total other non-current assets	138	131
Accrued Expenses and Other Current Liabilities
Accrued operating expenses	249	183
Accrued inventory	171	75
Other taxes payable	146	108
Accrued payroll and benefits	130	162
Accrued capital expenditures	97	62
Deferred income	44	38
Dividends payable	42	43
Restructuring reserve	35	5
Capital lease obligations	20	19
Derivative financial instruments, current	9	18
Other accrued expenses and current liabilities	6	2
Total accrued expenses and other current liabilities	949	715
Other Non-Current Liabilities
Capital lease obligations	269	238
Deferred rent obligations	222	219
Deferred tax liabilities	87	87
Derivative financial instruments, noncurrent	10	1
Deferred compensation	8	9
Deferred income	5	20
Other Accrued Liabilities, Noncurrent	46	41
Total other non-current liabilities	$ 647	$ 615

Impairment of Assets (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Asset Impairment Charges [Abstract]
Asset Impairment Charges	$ 9	$ 0	$ 24	$ 2

Restructuring and Other Charges (Details) - Global Reorganization Plan [Member] - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Dec. 26, 2015	Dec. 26, 2015
Restructuring Cost and Reserve [Line Items]
Cash-related restructuring charges	$ 14	$ 67
Non-cash charges	28	46
Restructuring and non-cash charges	42	113
Severance and benefit costs
Restructuring Cost and Reserve [Line Items]
Cash-related restructuring charges	11	49
Lease termination and store closure costs
Restructuring Cost and Reserve [Line Items]
Cash-related restructuring charges	0	7
Other cash charges
Restructuring Cost and Reserve [Line Items]
Cash-related restructuring charges	3	11
Impairment of assets
Restructuring Cost and Reserve [Line Items]
Non-cash charges	9	24
Accelerated stock-based compensation expense
Restructuring Cost and Reserve [Line Items]
Non-cash charges	9	9
Inventory-related charges
Restructuring Cost and Reserve [Line Items]
Non-cash charges	$ 10	$ 13

Restructuring and Other Charges (Details 1) - Global Reorganization Plan [Member] - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Dec. 26, 2015	Dec. 26, 2015
Restructuring Reserve [Roll Forward]
Beginning Reserve Balance		$ 0
Additions charged to expense	$ 14	67
Cash payments charged against reserve		(35)
Restructuring Reserve, Accrual Adjustment		1
Ending Reserve Balance	33	33
Severance and benefit costs
Restructuring Reserve [Roll Forward]
Beginning Reserve Balance		0
Additions charged to expense	11	49
Cash payments charged against reserve		(26)
Restructuring Reserve, Accrual Adjustment		0
Ending Reserve Balance	23	23
Lease termination and store closure costs
Restructuring Reserve [Roll Forward]
Beginning Reserve Balance		0
Additions charged to expense	0	7
Cash payments charged against reserve		(2)
Restructuring Reserve, Accrual Adjustment		1
Ending Reserve Balance	6	6
Other cash charges
Restructuring Reserve [Roll Forward]
Beginning Reserve Balance		0
Additions charged to expense	3	11
Cash payments charged against reserve		(7)
Restructuring Reserve, Accrual Adjustment		0
Ending Reserve Balance	$ 4	$ 4

Restructuring and Other Charges (Details Textual) - USD ($) $ in Millions	3 Months Ended	9 Months Ended		12 Months Ended
	Dec. 26, 2015	Dec. 26, 2015	Dec. 27, 2014	Mar. 28, 2015
Restructuring Cost and Reserve [Line Items]
Customs Audit Assessment Charges	$ 34	$ 34
Other Nonrecurring Expense	1	13
Global Reorganization Plan [Member]
Restructuring Cost and Reserve [Line Items]
Cash-related restructuring charges	14	67
Restructuring reserve	33	33		$ 0
Fiscal 2015 Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Cash-related restructuring charges			$ 7	10
Restructuring reserve	2	2		$ 5
Minimum [Member] \| Global Reorganization Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	120	120
Maximum [Member] \| Global Reorganization Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	150	150
Cash-related restructuring charges [Member] \| Minimum [Member] \| Global Reorganization Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	85	85
Cash-related restructuring charges [Member] \| Maximum [Member] \| Global Reorganization Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	100	100
Non-cash charges [Member] \| Minimum [Member] \| Global Reorganization Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	35	35
Non-cash charges [Member] \| Maximum [Member] \| Global Reorganization Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	$ 50	$ 50

Income Taxes (Details Textual) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014	Mar. 28, 2015
Income Tax Disclosure [Abstract]
Effective tax rate	27.50%	28.60%	27.60%	29.00%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	35.00%	35.00%	35.00%
Change in Accounting Estimate related to Reduction of Assessment Period, Financial Effect on Provision for Income Taxes			$ 8
Change in Accounting Estimate related to Reduction of Assessment Period, Impact on Basic Earnings Per Share	$ 0.00		$ 0.09
Change in Accounting Estimate related to Reduction of Assessment Period, Impact on Dilutive Earnings per Share	$ 0.00		$ 0.09
Non-current liability for unrecognized tax benefits	$ 80		$ 80		$ 116
Unrecognized Tax Benefits, Reduction Resulting from Change in Estimate related to Reduction of Assessment Period			11
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations			9
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities			17
Unrecognized tax benefits that, if recognized, would affect the effective tax rate	60		60		$ 85
Decrease in Unrecognized Tax Benefits is Reasonably Possible	$ 11		$ 11

Debt (Details) - USD ($) $ in Millions	Dec. 26, 2015	Mar. 28, 2015
Debt Instrument [Line Items]
Commercial Paper	$ 15	$ 234
Debt, Long-term and Short-term, Combined Amount	611	532
Short-term Debt	15	234
Long-term debt	596	298
2.125% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	298	298
Interest Rate Fair Value Hedge Derivative at Fair Value, Net	1
Unamortized Debt Issuance Expense	1	2
2.625% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	298	$ 0
Unamortized Debt Issuance Expense	$ 2

Debt (Details Textual) € in Millions, $ in Millions	9 Months Ended	12 Months Ended
Debt (Details Textual) € in Millions, $ in Millions	Dec. 26, 2015 USD ($)	Mar. 29, 2014	Oct. 03, 2013 EUR (€)
2.125% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 300
Debt Instrument, Maturity Date	Sep. 26, 2018
Long-term debt, net of discount	99.896%
Debt Instrument, Interest Rate, Stated Percentage	2.125%
2.625% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 300
Debt Instrument, Maturity Date	Aug. 18, 2020
Long-term debt, net of discount	99.795%
Debt Instrument, Interest Rate, Stated Percentage	2.625%
Euro Debt [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount \| €			€ 209
Debt Instrument, Maturity Date		Oct. 04, 2013
Debt Instrument, Interest Rate, Stated Percentage			4.50%
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	100.00%
Debt Instrument, Restrictive Covenants	The Indenture contains certain covenants that restrict the Company's ability, subject to specified exceptions, to incur certain liens; enter into sale and leaseback transactions; consolidate or merge with another party; or sell, lease, or convey all or substantially all of the Company's property or assets to another party. However, the Indenture does not contain any financial covenants.

Debt (Details Textual 1) ¥ in Millions, ₩ in Billions	9 Months Ended
Debt (Details Textual 1) ¥ in Millions, ₩ in Billions	Dec. 26, 2015 USD ($) Quarter Rate	Dec. 26, 2015 KRW (₩) Rate	Dec. 26, 2015 CNY (¥) Rate	Mar. 28, 2015 USD ($)
Line of Credit Facility [Line Items]
Commercial Paper	$ 15,000,000			$ 234,000,000
Commercial Paper [Member]
Credit Facilities (Textual) [Abstract]
Maximum borrowing capacity	$ 500,000,000			$ 300,000,000
Commercial Paper [Member] \| Maximum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Term	397 days
Commercial Paper [Member] \| Weighted Average [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Term	2 days
Short-term Debt, Weighted Average Interest Rate \| Rate	0.42%	0.42%	0.42%
Global Credit Facility [Member]
Credit Facilities (Textual) [Abstract]
Maximum borrowing capacity	$ 750,000,000
Borrowing capacity under unsecured revolving line of credit	$ 500,000,000
Line of credit facility, expiration date	Feb. 11, 2020
Borrowings outstanding under revolving credit facilities	$ 0
Line of credit facility, contingent liability for outstanding LOCs	$ 9,000,000
Credit facility covenant terms	The Global Credit Facility contains a number of covenants that, among other things, restrict the Company's ability, subject to specified exceptions, to incur additional debt; incur liens; sell or dispose of assets; merge with or acquire other companies; liquidate or dissolve itself; engage in businesses that are not in a related line of business; make loans, advances, or guarantees; engage in transactions with affiliates; and make certain investments. The Global Credit Facility also requires the Company to maintain a maximum ratio of Adjusted Debt to Consolidated EBITDAR (the "leverage ratio") of no greater than 3.75 as of the date of measurement for the four most recent consecutive fiscal quarters. Adjusted Debt is defined generally as consolidated debt outstanding plus eight times consolidated rent expense for the last four consecutive fiscal quarters. Consolidated EBITDAR is defined generally as consolidated net income plus (i) income tax expense, (ii) net interest expense, (iii) depreciation and amortization expense, and (iv) consolidated rent expense.
Credit Facility covenant compliance	no Event of Default (as such term is defined pursuant to the Global Credit Facility) has occurred under the Company's Global Credit Facility
Maximum Ratio Of Adjusted Debt To Consolidated EBITDAR As Of Date Of Measurement For Four Consecutive Quarters	3.75
Leverage Ratio Number Of Consecutive Fiscal Quarters Used \| Quarter	4
Leverage Ratio Rent Expense Multiplier	8
China Credit Facility [Member]
Credit Facilities (Textual) [Abstract]
Maximum borrowing capacity	$ 15,000,000		¥ 100
Line of credit facility, expiration date	Apr. 07, 2016
South Korea Credit Facility [Member]
Credit Facilities (Textual) [Abstract]
Maximum borrowing capacity	$ 40,000,000	₩ 47
Line of credit facility, expiration date	Oct. 31, 2016
Pan-Asia Credit Facilities [Member]
Credit Facilities (Textual) [Abstract]
Borrowings outstanding under revolving credit facilities	$ 0

Fair Value Measurements (Details) - USD ($) $ in Millions	Dec. 26, 2015	Mar. 28, 2015
Financial assets recorded at fair value:
Derivative Asset, Fair Value	$ 45	$ 87
Assets, Fair Value Disclosure, Recurring	53	95
Financial liabilities recorded at fair value:
Derivative Liability, Fair Value	19	19
Liabilities, Fair Value Disclosure, Recurring	19	19
Fair Value, Inputs, Level 2 [Member]
Financial assets recorded at fair value:
Derivative Asset, Fair Value	45	87
Financial liabilities recorded at fair value:
Derivative Liability, Fair Value	19	19
Corporate Bond Securities [Member] \| Fair Value, Inputs, Level 1 [Member]
Financial assets recorded at fair value:
Investments recorded at fair value	$ 8	$ 8

Fair Value Measurements (Details 1) - USD ($) $ in Millions	Dec. 26, 2015	Mar. 28, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial Paper, Carrying Value	$ 15	$ 234
2.125% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes, Carrying Value	298	298
2.625% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes, Carrying Value	298	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial Paper, Fair Value	15	234
Fair Value, Inputs, Level 2 [Member] \| 2.125% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes, Fair Value	303	304
Fair Value, Inputs, Level 2 [Member] \| 2.625% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes, Fair Value	$ 303	$ 0

Fair Value Measurements (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Fair Value Measurements (Details 2) - USD ($) $ in Millions	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Fair Value Disclosures [Abstract]
Carrying value of long-lived assets impaired	$ 9	$ 0	$ 24	$ 2
Asset Impairment Charges	$ (9)	$ 0	(24)	(2)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Impairment Loss			$ 0	$ 0

Financial Instruments (Details) € in Millions, $ in Millions	Dec. 26, 2015 USD ($)	Dec. 26, 2015 EUR (€)	Mar. 28, 2015 USD ($)
Notional Amounts of Derivative Financial Instruments
Notional amount of hedges	$ 1,888		$ 1,169
Derivative Assets
Derivative Asset, Fair Value	45		87
Derivative Liabilities
Derivative Liability, Fair Value	19		19
Designated [Member]
Notional Amounts of Derivative Financial Instruments
Notional amount of hedges	1,308		705
Derivative Assets
Derivative Asset, Fair Value	18		54
Derivative Liabilities
Derivative Liability, Fair Value	14		10
Designated [Member] \| FC- Inventory purchases [Member]
Notional Amounts of Derivative Financial Instruments
Notional amount of hedges	597		587
Derivative Assets
Foreign Currency Cash Flow Hedge Asset at Fair Value	17
Designated [Member] \| FC- Inventory purchases [Member] \| Prepaid Expenses and Other Current Assets [Member]
Derivative Assets
Foreign Currency Cash Flow Hedge Asset at Fair Value	16		49
Designated [Member] \| FC- Inventory purchases [Member] \| Other Noncurrent Assets [Member]
Derivative Assets
Foreign Currency Cash Flow Hedge Asset at Fair Value	1
Designated [Member] \| FC- Inventory purchases [Member] \| Accrued Expenses and Other Current Liabilities [Member]
Derivative Liabilities
Foreign Currency Cash Flow Hedge Liability at Fair Value	5		9
Designated [Member] \| FC-Other [Member]
Notional Amounts of Derivative Financial Instruments
Notional amount of hedges	104		118
Designated [Member] \| FC-Other [Member] \| Prepaid Expenses and Other Current Assets [Member]
Derivative Assets
Foreign Currency Cash Flow Hedge Asset at Fair Value	1		5
Designated [Member] \| FC-Other [Member] \| Accrued Expenses and Other Current Liabilities [Member]
Derivative Liabilities
Foreign Currency Cash Flow Hedge Liability at Fair Value	1		1
Designated [Member] \| Interest Rate Swap [Member]
Notional Amounts of Derivative Financial Instruments
Notional amount of hedges	300		0
Derivative Assets
Interest Rate Fair Value Hedge Asset at Fair Value	0		0
Derivative Liabilities
Interest Rate Fair Value Hedge Liability at Fair Value			0
Designated [Member] \| Interest Rate Swap [Member] \| Other Noncurrent Liabilities [Member]
Derivative Liabilities
Interest Rate Fair Value Hedge Liability at Fair Value	1
Designated [Member] \| Cross Currency Interest Rate Contract [Member]
Notional Amounts of Derivative Financial Instruments
Notional amount of hedges	307	€ 280	0
Derivative Assets
Derivative Instruments in Hedges, Net Investment in Foreign Operations, Assets, Fair Value	0		0
Derivative Liabilities
Derivative Instruments in Hedges, Net Investment in Foreign Operations, Liabilities, Fair Value			0
Designated [Member] \| Cross Currency Interest Rate Contract [Member] \| Other Noncurrent Liabilities [Member]
Derivative Liabilities
Derivative Instruments in Hedges, Net Investment in Foreign Operations, Liabilities, Fair Value	7
Undesignated [Member]
Notional Amounts of Derivative Financial Instruments
Notional amount of hedges	580		464
Derivative Assets
Derivative Asset, Fair Value	27		33
Derivative Liabilities
Derivative Liability, Fair Value	5		9
Undesignated [Member] \| Prepaid Expenses and Other Current Assets [Member]
Derivative Assets
Derivative Asset, Fair Value	2		11
Undesignated [Member] \| Other Noncurrent Assets [Member]
Derivative Assets
Derivative Asset, Fair Value	25		22
Undesignated [Member] \| Accrued Expenses and Other Current Liabilities [Member]
Derivative Liabilities
Derivative Liability, Fair Value	3		8
Undesignated [Member] \| Other Noncurrent Liabilities [Member]
Derivative Liabilities
Derivative Liability, Fair Value	$ 2		$ 1

Financial Instruments (Details 1) - USD ($) $ in Millions	Dec. 26, 2015	Mar. 28, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative asset, gross amount in the balance sheet	$ 45	$ 87
Gross amount of derivatives assets subject to master netting arrangements not offset	(11)	(14)
Derivative asset, net basis	34	73
Derivative liability, gross amount in the balance sheet	19	19
Gross amount of derivative liabilities subject to master netting arrangements not offset	(11)	(14)
Derivative liability, net basis	$ 8	$ 5

Financial Instruments (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Financial Instruments (Details 2) - USD ($) $ in Millions	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Reclassification of hedge gain (loss) from accumulated OCI into income
Cost of Goods Sold	$ (852)	$ (874)	$ (2,361)	$ (2,401)
Foreign currency losses	(3)	(8)	(9)	(14)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Cash Flow Hedging [Member]
Reclassification of hedge gain (loss) from accumulated OCI into income
Cost of Goods Sold	13	0	29	(2)
Foreign currency losses	0	11	0	16
Designated as Hedging Instrument [Member]
Total gain (loss) recognized in OCI on derivative instruments
Gain (Loss) Recognized In Other Comprehensive Income	10	23	(3)	54
Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member]
Total gain (loss) recognized in OCI on derivative instruments
Gain (Loss) Recognized In Other Comprehensive Income	4	23	4	54
Designated as Hedging Instrument [Member] \| FC- Inventory purchases [Member] \| Cash Flow Hedging [Member]
Total gain (loss) recognized in OCI on derivative instruments
Gain (Loss) Recognized In Other Comprehensive Income	5	11	7	33
Designated as Hedging Instrument [Member] \| FC-Other [Member] \| Cash Flow Hedging [Member]
Total gain (loss) recognized in OCI on derivative instruments
Gain (Loss) Recognized In Other Comprehensive Income	(1)	12	(3)	21
Designated as Hedging Instrument [Member] \| Cross Currency Interest Rate Contract [Member] \| Net Investment Hedging [Member]
Total gain (loss) recognized in OCI on derivative instruments
Gain (Loss) Recognized In Other Comprehensive Income	6	0	(7)	0
Designated as Hedging Instrument [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Cash Flow Hedging [Member]
Reclassification of hedge gain (loss) from accumulated OCI into income
Net income	13	11	29	14
Designated as Hedging Instrument [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| FC- Inventory purchases [Member] \| Cash Flow Hedging [Member]
Reclassification of hedge gain (loss) from accumulated OCI into income
Cost of Goods Sold	13	0	29	(2)
Designated as Hedging Instrument [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| FC-Other [Member] \| Cash Flow Hedging [Member]
Reclassification of hedge gain (loss) from accumulated OCI into income
Foreign currency losses	$ 0	$ 11	$ 0	$ 16

Financial Instruments (Details 3) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Financial Instruments (Details 3) - USD ($) $ in Millions	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 2	$ 18	$ 4	$ 24
FC-Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 2	$ 18	$ 4	$ 24

Financial Instruments (Details Textual) € in Millions, $ in Millions	3 Months Ended	9 Months Ended
	Dec. 26, 2015 USD ($) counterparty	Dec. 26, 2015 USD ($) counterparty	Dec. 26, 2015 EUR (€) counterparty	Mar. 28, 2015 USD ($)
Derivative [Line Items]
Number of counterparties to master netting arrangements \| counterparty	8	8	8
Net gains (losses) deferred in AOCI for derivative financial instruments expected to be recognized in the earnings over the next 12 months		$ 20
Maximum length of time hedged in cash flow hedge		2 years
Foreign currency exchange forward contracts maturities, minimum		2 months
Foreign currency exchange forward contract maturities, maximum		2 years
Derivative, Notional Amount	$ 1,888	$ 1,888		$ 1,169
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	1,308	$ 1,308		705
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Maturity Date		Sep. 26, 2018
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net	0	$ 0
Interest Rate Swap [Member] \| Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	300	$ 300		0
Cross Currency Interest Rate Contract [Member]
Derivative [Line Items]
Derivative, Maturity Date		Sep. 26, 2018
Cross Currency Interest Rate Contract [Member] \| Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 307	$ 307	€ 280	$ 0
2.125% Senior Notes [Member]
Derivative [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.125%	2.125%	2.125%
Debt Instrument, Face Amount	$ 300	$ 300

Financial Instruments (Details Textual 1) - USD ($) $ in Millions	Dec. 26, 2015	Mar. 28, 2015
Schedule of Available-for-sale Securities [Line Items]
Time Deposits, Short term	$ 688	$ 644
Corporate Bond Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Debt Securities, Noncurrent	$ 8	$ 8

Commitments and Contingencies (Details) $ in Millions	3 Months Ended	9 Months Ended
Commitments and Contingencies (Details) $ in Millions	Dec. 26, 2015 USD ($)	Dec. 26, 2015 USD ($)
Loss Contingency, Estimate [Abstract]
Customs Audit Assessment Charges	$ 34	$ 34
Period to appeal customs audit assessment		90 days
Customs Audit [Member]
Loss Contingency, Estimate [Abstract]
Loss Contingency, Range of Possible Loss, Maximum	46	$ 46
Loss Contingency, Interest and Penalties	$ 11	$ 11

Equity (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Equity (Details) - USD ($) $ in Millions	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Increase Decrease In Stockholders Equity [Roll Forward]
Beginning Balance			$ 3,891	$ 4,034
Comprehensive income	$ 98	$ 153	320	442
Dividends declared			(127)	(118)
Repurchases of common stock			(399)	(382)
Stock-based compensation			79	60
Shares issued and tax benefits recognizedt pursuant to stock-based compensation arrangements			40	53
Conversion of stock-based compensation awards			0	(14)
Ending Balance	$ 3,804	$ 4,075	$ 3,804	$ 4,075

Equity (Details 1) - USD ($) shares in Millions, $ in Millions	9 Months Ended
	Dec. 26, 2015	Dec. 27, 2014
Equity, Class of Treasury Stock [Line Items]
Repurchases of common stock	$ 399	$ 382
General repurchase program [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchases of common stock	$ 380	$ 350
Repurchases of common stock, shares	3.0	2.1
Withholding in satisfaction of taxes on vested equity award [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchases of common stock	$ 19	$ 32
Repurchases of common stock, shares	0.2	0.2

Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions			3 Months Ended		9 Months Ended
	Feb. 04, 2015	Feb. 02, 2015	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Equity [Abstract]
Stock Repurchase Program, Remaining Available Amount			$ 200		$ 200
Treasury Stock, Value, Acquired, Cost Method					$ 399	$ 382
Dividends (Textual) [Abstract]
Dividends declared per share	$ 0.50	$ 0.45	$ 0.50	$ 0.45	$ 1.50	$ 1.35
Dividends Payable, Date Declared			Dec. 11, 2015
Dividends Payable, Date of Record			Dec. 24, 2015
Dividends Payable, Date to be Paid			Jan. 08, 2016
Dividends paid					$ 128	$ 119

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax			$ (2)	$ (2)
Gain (Loss) on Derivative Used in Net Investment Hedge, Net of Tax			(4)
Gain (Loss) on Derivative Used in Net Investment Hedge, Tax			(3)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax			1	6
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Roll Forward]
Beginning balance			(165)	114
OCI before reclassifications			(9)	(125)
Amounts reclassified from AOCI to earnings			(26)	(11)
Other comprehensive income (loss), net of tax	$ (33)	$ (62)	(35)	(136)
Ending balance	(200)	(22)	(200)	(22)
Foreign Currency Translation Gains (Losses) [Member]
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Roll Forward]
Beginning balance			(193)	125
OCI before reclassifications			(13)	(174)
Amounts reclassified from AOCI to earnings			0	0
Other comprehensive income (loss), net of tax			(13)	(174)
Ending balance	(206)	(49)	(206)	(49)
Net Unrealized Gains (Losses) on Derivative Financial Instruments [Member]
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Roll Forward]
Beginning balance			43	(4)
OCI before reclassifications			3	48
Amounts reclassified from AOCI to earnings			(27)	(11)
Other comprehensive income (loss), net of tax			(24)	37
Ending balance	19	33	19	33
Net Unrealized Gains (Losses) on Defined Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Roll Forward]
Beginning balance			(15)	(7)
OCI before reclassifications			1	1
Amounts reclassified from AOCI to earnings			1	0
Other comprehensive income (loss), net of tax			2	1
Ending balance	$ (13)	$ (6)	$ (13)	$ (6)

Accumulated Other Comprehensive Income (Details 1) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of Goods Sold	$ (852)	$ (874)	$ (2,361)	$ (2,401)
Foreign currency gains (losses)	(3)	(8)	(9)	(14)
Provision for income taxes	(50)	(86)	(135)	(236)
Net income	131	215	355	578
Cash Flow Hedging [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of Goods Sold	13	0	29	(2)
Foreign currency gains (losses)	0	11	0	16
Provision for income taxes	(2)	(3)	(2)	(3)
Net income	$ 11	$ 8	$ 27	$ 11

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Stock-based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Stock-based Compensation (Details) - USD ($) $ in Millions	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Summary of the total compensation expense recorded within SG&A expenses and the associated income tax benefits recognized related to stock-based compensation arrangements
Compensation expense	$ 25	$ 18	$ 79	$ 60
Income tax benefit	(10)	$ (7)	(30)	$ (23)
Accelerated stock-based compensation expense	$ 9		$ 9

Stock-based Compensation (Details 1) shares in Thousands	9 Months Ended
Stock-based Compensation (Details 1) shares in Thousands	Dec. 26, 2015 shares
Summary of the stock option activity
Options beginning outstanding	3,225
Granted	0
Exercised	(588)
Cancelled/Forfeited	(150)
Options ending outstanding	2,487

Stock-based Compensation (Details 2) shares in Thousands	9 Months Ended
Stock-based Compensation (Details 2) shares in Thousands	Dec. 26, 2015 shares
Restricted Stock [Member]
Summary of restricted stock and service-based RSU activity
Nonvested beginning balance	5
Granted	8
Vested	(3)
Forfeited	(1)
Nonvested ending balance	9
Service-Based Restricted Stock Units [Member]
Summary of restricted stock and service-based RSU activity
Nonvested beginning balance	47
Granted	495
Vested	(13)
Forfeited	(36)
Nonvested ending balance	493

Stock-based Compensation (Details 3) shares in Thousands	9 Months Ended
Stock-based Compensation (Details 3) shares in Thousands	Dec. 26, 2015 shares
Performance Shares [Member]
Summary of the performance-based RSU activity
Nonvested beginning balance	697
Granted	339
Change due to performance or market conditions achievement	(8)
Vested	(293)
Forfeited	(43)
Nonvested ending balance	692
Performance Based Restricted Stock Units With Tsr Modifier [Member]
Summary of the performance-based RSU activity
Nonvested beginning balance	214
Granted	0
Change due to performance or market conditions achievement	(20)
Vested	(50)
Forfeited	(2)
Nonvested ending balance	142

Stock-based Compensation (Details Textual) - $ / shares	9 Months Ended
Stock-based Compensation (Details Textual) - $ / shares	Dec. 26, 2015	Dec. 27, 2014
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of equity awards other than options	$ 131.40	$ 162.36
Service-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of equity awards other than options	126.06	167.26
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of equity awards other than options	$ 126.71	157.10
Performance Based Restricted Stock Units With Tsr Modifier [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of equity awards other than options		$ 169.47

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Segment Information (Details) - USD ($) $ in Millions	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Net revenues by segment
Sales revenue	$ 1,899	$ 1,986	$ 5,399	$ 5,603
Licensing revenue	47	47	135	132
Total net revenues	1,946	2,033	5,534	5,735
Wholesale [Member]
Net revenues by segment
Sales revenue	786	837	2,355	2,488
Retail [Member]
Net revenues by segment
Sales revenue	1,113	1,149	3,044	3,115
Licensing [Member]
Net revenues by segment
Licensing revenue	$ 47	$ 47	$ 135	$ 132

Segment Information (Details 1) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Segment Information (Details 1) - USD ($) $ in Millions	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Segment Reporting Information [Line Items]
Asset Impairment Charges	$ (9)	$ 0	$ (24)	$ (2)
Operating income by segment
Operating income	189	315	515	845
Unallocated corporate expenses	(905)	(844)	(2,658)	(2,489)
Restructuring and other charges	(58)	(1)	(123)	(7)
Wholesale [Member]
Segment Reporting Information [Line Items]
Asset Impairment Charges	(1)		(6)	(1)
Operating income by segment
Operating income	183	207	567	634
Retail [Member]
Segment Reporting Information [Line Items]
Asset Impairment Charges	(8)		(18)
Operating income by segment
Operating income	136	194	369	499
Licensing [Member]
Operating income by segment
Operating income	42	42	120	120
Operating Segments [Member]
Operating income by segment
Operating income	361	443	1,056	1,253
Unallocated amount to segment [Member]
Operating income by segment
Unallocated corporate expenses	(114)	(127)	(418)	(401)
Restructuring and other charges	$ (58)	$ (1)	$ (123)	$ (7)

Segment Information (Details 2) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Segment Information (Details 2) - USD ($) $ in Millions	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Segment Reporting Information [Line Items]
Restructuring and other charges	$ (58)	$ (1)	$ (123)	$ (7)
Unallocated amount to segment [Member]
Segment Reporting Information [Line Items]
Restructuring Charges	(23)	(1)	(76)	(7)
Other charges	(35)	0	(47)	0
Restructuring and other charges	(58)	(1)	(123)	(7)
Wholesale-Related [Member] \| Unallocated amount to segment [Member]
Segment Reporting Information [Line Items]
Restructuring Charges	0	0	(10)	(3)
Retail-Related [Member] \| Unallocated amount to segment [Member]
Segment Reporting Information [Line Items]
Restructuring Charges	(1)	(1)	(20)	(4)
Licensing-Related [Member] \| Unallocated amount to segment [Member]
Segment Reporting Information [Line Items]
Restructuring Charges	0	0	(1)	0
Corporate and Other [Member] \| Unallocated amount to segment [Member]
Segment Reporting Information [Line Items]
Restructuring Charges	$ (22)	$ 0	$ (45)	$ 0

Segment Information (Details 3) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Segment Information (Details 3) - USD ($) $ in Millions	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Segment Reporting Information [Line Items]
Depreciation and amortization expense	$ 76	$ 78	$ 227	$ 219
Wholesale Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization expense	15	17	45	51
Retail Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization expense	39	42	117	113
Licensing Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization expense	1	0	1	0
Unallocated amount to segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization expense	$ 21	$ 19	$ 64	$ 55

Segment Information (Details 4) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Segment Information (Details 4) - USD ($) $ in Millions	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Revenues from External Customers [Line Items]
Net revenues	$ 1,946	$ 2,033	$ 5,534	$ 5,735
Americas [Member]
Revenues from External Customers [Line Items]
Net revenues	1,321	1,390	3,719	3,838
Europe [Member]
Revenues from External Customers [Line Items]
Net revenues	399	409	1,163	1,221
Asia [Member]
Revenues from External Customers [Line Items]
Net revenues	226	234	652	676
U.S. [Member]
Revenues from External Customers [Line Items]
Net revenues	$ 1,251	$ 1,317	$ 3,527	$ 3,647

Additional Financial Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 26, 2015	Dec. 27, 2014	Dec. 26, 2015	Dec. 27, 2014
Cash Interest and Taxes
Cash paid for interest	$ 3	$ 3	$ 8	$ 10
Cash paid for income taxes	$ 26	$ 28	151	204
Additional Financial Information (Textual) [Abstract]
Capitalization of fixed assets and recognition of related obligations, net			$ 97	82
Noncash capital expenditure				$ 19

Description of Business (Details)	9 Months Ended
Description of Business (Details)	Dec. 26, 2015 Segment
Description of Business [Abstract]
Number of reportable segments	3

Segment Information (Details Textual)	9 Months Ended
Segment Information (Details Textual)	Dec. 26, 2015 Segment
Segment Reporting [Abstract]
Number of reportable segments	3