Tapestry (TPR) 10-Q 4 Nov 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 26, 2015	Oct. 23, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 26, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	COH
Entity Registrant Name	COACH INC
Entity Central Index Key	1,116,132
Current Fiscal Year End Date	--07-02
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		277,518,016

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 26, 2015	Jun. 27, 2015
Current Assets:
Cash and cash equivalents	$ 966	$ 1,291.8
Short-term investments	310.2	234
Trade accounts receivable, less allowances of $2.7 and $3.1, respectively	246.9	219.5
Inventories	574.7	485.1
Deferred income taxes	79.4	98.4
Prepaid expenses	85.2	73.1
Other current assets	89.2	104.6
Total current assets	2,351.6	2,506.5
Property and equipment, net	727.4	732.6
Long-term investments	480.4	406
Goodwill	436.3	434.2
Intangible assets	354	359.9
Other assets	204.7	227.7
Total assets	4,554.4	4,666.9
Current Liabilities:
Accounts payable	215.7	222.8
Accrued liabilities	520.3	600.6
Current debt	15	11.3
Total current liabilities	751	834.7
Long-term debt	875.6	879.1
Other liabilities	454.3	463.2
Total liabilities	$ 2,080.9	$ 2,177
See Note 13 on commitments and contingencies
Stockholders' Equity:
Preferred stock: (authorized 25.0 million shares; $0.01 par value per share) none issued	$ 0	$ 0
Common stock: (authorized 1,000.0 million shares; $0.01 par value per share) issued and outstanding 277.5 million and 276.6 million shares, respectively	2.8	2.8
Additional paid-in-capital	2,760.6	2,754.4
Accumulated deficit	(186.8)	(189.6)
Accumulated other comprehensive loss	(103.1)	(77.7)
Total stockholders' equity	2,473.5	2,489.9
Total liabilities and stockholders' equity	$ 4,554.4	$ 4,666.9

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Sep. 26, 2015	Jun. 27, 2015
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 2.7	$ 3.1
Preferred stock, authorized (shares)	25,000,000	25,000,000
Preferred stock, par value (USD per share)	$ 0.01	$ 0.01
Preferred stock, issued (shares)	0	0
Common stock, authorized (shares)	1,000,000,000	1,000,000,000
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock, issued (shares)	277,500,000	276,600,000
Common stock, outstanding (shares)	277,500,000	276,600,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
Income Statement [Abstract]
Net sales	$ 1,030.3	$ 1,038.8
Cost of sales	333.8	323.4
Gross profit	696.5	715.4
Selling, general and administrative expenses	555.1	535.6
Operating income	141.4	179.8
Interest (expense) income, net	(6.7)	0.7
Income before provision for income taxes	134.7	180.5
Provision for income taxes	38.3	61.4
Net income	$ 96.4	$ 119.1
Net income per share:
Basic (USD per share)	$ 0.35	$ 0.43
Diluted (USD per share)	$ 0.35	$ 0.43
Shares used in computing net income per share
Basic (shares)	277.1	275
Diluted (shares)	278.3	276.4
Cash dividends declared per common share (USD per share)	$ 0.3375	$ 0.3375

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 96.4	$ 119.1
Other comprehensive loss, net of tax:
Unrealized (losses) gains on cash flow hedging derivatives, net	(3.3)	3.8
Unrealized losses on available-for-sale investments, net	(0.5)	(0.5)
Foreign currency translation adjustments	(21.6)	(30.2)
Other comprehensive loss, net of tax	(25.4)	(26.9)
Comprehensive income	$ 71	$ 92.2

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 96.4	$ 119.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	54.4	43.3
Provision for bad debt	(0.3)	0.2
Share-based compensation	22.9	21.9
Excess tax shortfall from share-based compensation	8.2	1.6
Transformation and other actions	5.4	18.9
Deferred income taxes	20.2	22
Other non-cash charges, net	(4.6)	(5.1)
Changes in operating assets and liabilities:
Trade accounts receivable	(29.3)	(14.1)
Inventories	(95.5)	(92.7)
Accounts payable	(7)	21.6
Accrued liabilities	(65)	(27.8)
Other liabilities	(17)	(4.7)
Other balance sheet changes, net	19.2	34.7
Net cash provided by operating activities	8	138.9
CASH FLOWS (USED IN) PROVIDED BY INVESTING ACTIVITIES
Acquisition of interest in equity method investment	(51.4)	(28.9)
Purchases of property and equipment	(69.5)	(40.4)
Purchases of investments	(205.6)	(26.3)
Proceeds from maturities and sales of investments	106.1	101.6
Net cash (used in) provided by investing activities	(220.4)	6
CASH FLOWS USED IN FINANCING ACTIVITIES
Dividend payments	(93.3)	(92.6)
Repayment of debt	0	(0.5)
Proceeds from share-based awards	2.9	9
Borrowings under revolving credit facility	0	100
Repayment of revolving credit facility	0	(70)
Taxes paid to net settle share-based awards	(12.1)	(11.9)
Excess tax shortfall from share-based compensation	(8.2)	(1.6)
Acquisition-related payment of contingent consideration	0	(3.9)
Net cash used in financing activities	(110.7)	(71.5)
Effect of exchange rate changes on cash and cash equivalents	(2.7)	(4.4)
(Decrease) increase in cash and cash equivalents	(325.8)	69
Cash and cash equivalents at beginning of period	1,291.8	591.9
Cash and cash equivalents at end of period	966	660.9
Supplemental information:
Cash paid for income taxes, net	1.9	10.6
Cash paid for interest	1.2	0.5
Noncash investing activity - property and equipment obligations	$ 41.4	$ 34

Nature of Operations

Nature of Operations	3 Months Ended
	Sep. 26, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations Coach, Inc. (the "Company") is a leading New York design house of modern luxury accessories and lifestyle brands. The Company’s primary product offerings, manufactured by third-party suppliers, include women’s and men’s bags, small leather goods, footwear, business cases, ready-to-wear including outerwear, watches, weekend and travel accessories, scarves, sunwear, fragrance, jewelry, travel bags and other lifestyle products. Coach branded products are sold through its North America and International reportable segments. The North America segment includes sales to North American consumers through Coach-operated stores (including the Internet), and sales to wholesale customers and distributors. The International segment includes sales to consumers through Coach-branded stores and concession shop-in-shops in Japan, mainland China, Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Austria, Belgium and the Netherlands. Additionally, International includes sales to consumers through the Internet in Japan, mainland China and South Korea, as well as sales to wholesale customers and distributors in approximately 50 countries. The Stuart Weitzman segment includes sales generated through the Stuart Weitzman brand, primarily through department stores in North America and international distributors, within numerous independent third party distributors and within Stuart Weitzman operated stores (including the Internet) primarily in North America. The Company also records sales of Coach brand products generated in other ancillary channels, including licensing and disposition.

Basis of Presentation and Organ

Basis of Presentation and Organization	3 Months Ended
	Sep. 26, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Organization	Basis of Presentation and Organization Interim Financial Statements These interim condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the SEC and are unaudited. In the opinion of management, such condensed 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 audited consolidated financial statements and notes thereto, included in the Company’s Annual Report on Form 10-K filed with the SEC for the year ended June 27, 2015. The results of operations, cash flows and comprehensive income for the three months ended September 26, 2015 are not necessarily indicative of results to be expected for the entire fiscal year, which will end on July 2, 2016 ("fiscal 2016"). Basis of Consolidation These unaudited interim condensed 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. 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 June 30. Fiscal 2016 will be a 53-week period. Fiscal 2015 ended on June 27, 2015 and was a 52-week period ("fiscal 2015"). The first quarter of fiscal 2016 ended on September 26, 2015 and was a 13-week period. The first quarter of fiscal 2015 ended on September 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 estimates and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results could differ from estimates in amounts that may be material to the financial statements. Significant estimates inherent in the preparation of the condensed consolidated financial statements include reserves for the realizability of inventory; customer returns, end-of-season markdowns and operational chargebacks; reserves for litigation and other contingencies; useful lives and impairments of long-lived tangible and intangible assets; accounting for income taxes and related uncertain tax positions; the valuation of stock-based compensation awards and related estimated forfeiture rates; reserves for restructuring; and accounting for business combinations, amongst others.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Sep. 26, 2015
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In September 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-16, " Simplifying the Accounting for Measurement-Period Adjustments, " which pertains to the accounting for business combinations. Under the ASU, an acquirer must recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The ASU also requires acquirers to present separately on the face of the income statement, or disclose in the notes, the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The requirements of the new standard will be effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, which for the Company is the first quarter of fiscal 2017. The adoption of this guidance is not expected to have a material effect on the Company's consolidated financial statements or notes thereto. In May 2014, the FASB issued ASU No. 2014-09, " Revenue from Contracts with Customers ," which provides a single, comprehensive revenue recognition model for all contracts with customers, and contains principles to determine the measurement of revenue and timing of when it is recognized. The requirements of the new standard will be effective for annual reporting periods beginning after December 15, 2017, and interim periods within those annual periods, which for the Company is the first quarter of fiscal 2019. Early adoption will be permitted for annual reporting periods beginning after December 15, 2016, including interim periods within those annual periods. The Company is currently evaluating this guidance, but does not expect its adoption to have a material effect on its consolidated financial statements.

Transformation and Other Action

Transformation and Other Actions	3 Months Ended
	Sep. 26, 2015
Restructuring and Related Activities [Abstract]
Transformation and Other Actions	Transformation and Other Actions Transformation Charges During the fourth quarter of fiscal year ended June 28, 2014 ("fiscal 2014"), the Company announced a multi-year strategic plan to transform the Coach brand and reinvigorate growth. This multi-faceted, multi-year transformation plan (the "Transformation Plan"), which will continue through fiscal 2016, includes key operational and cost measures, including: (i) the investment in capital improvements in stores and wholesale locations to drive comparable sales improvement; (ii) the optimization and streamlining of the Company's organizational model as well as the closure of underperforming stores in North America, and select International stores; (iii) the realignment of inventory levels and mix to reflect the Company's elevated product strategy and consumer preferences; (iv) the investment in incremental advertising costs to elevate consumer perception of the Coach brand, drive sales growth and promote this new strategy, which started in fiscal 2015; and (v) the significant scale-back of promotional cadence in an increased global promotional environment, particularly within the outlet Internet sales site, which began in fiscal 2014. As of September 26, 2015 , the Company expects to incur aggregate pre-tax charges of about $325 million , in total, under the Transformation Plan. During the quarter ended September 26, 2015 the Company incurred transformation-related charges of $12.6 million , ( $8.5 million after-tax, or $0.03 per diluted share) primarily due to organizational efficiency costs and accelerated depreciation as a result of store renovations, within North America and select International stores. During the quarter ended September 27, 2014 the Company incurred transformation-related charges of $37.1 million , ( $26.7 million after-tax, or $0.10 per diluted share) primarily associated with the Company's North America business, related to corporate severance costs and store-related costs. For the three months ended September 26, 2015 and September 27, 2014 , the charges recorded in selling, general and administrative ("SG&A") expenses were $12.6 million , and $33.1 million , respectively. For the three months ended September 27, 2014 , the charges recorded in cost of sales were $4.0 million . Total charges incurred under the Transformation Plan to date are $290.0 million . A summary of charges and related liabilities under the Company's Transformation Plan are as follows (in millions): Inventory-Related Charges (1) Store-Related Costs (2) Organizational Efficiency Costs (3) Other (4) Total Balance at June 28, 2014 $ 15.4 $ 5.5 $ 1.0 $ 0.6 $ 22.5 Fiscal 2015 charges 3.0 80.4 47.3 15.2 145.9 Cash payments (15.4 ) (34.6 ) (30.8 ) (10.1 ) (90.9 ) Non-cash adjustments (3.0 ) (48.8 ) (5.5 ) (2.4 ) (59.7 ) Balance at June 27, 2015 $ — $ 2.5 $ 12.0 $ 3.3 $ 17.8 Fiscal 2016 charges — 5.1 6.5 1.0 12.6 Cash payments — (1.8 ) (9.4 ) (0.1 ) (11.3 ) Non-cash adjustments — (4.6 ) — (0.8 ) (5.4 ) Balance at September 26, 2015 $ — $ 1.2 $ 9.1 $ 3.4 $ 13.7 (1) Inventory-related charges, recorded within cost of sales, primarily relate to reserves for the donation and destruction of certain on-hand inventory and future non-cancelable inventory purchase commitments. As of September 26, 2015 and June 27, 2015, a reserve of $11.1 million is included within Inventories on the Company's Condensed Consolidated Balance Sheets. (2) Store-related costs, recorded within SG&A expenses, relate to store closure costs which include accelerated depreciation charges associated with store assets that the Company will no longer benefit from as a result of the Transformation Plan, as well as lease termination and store employee severance costs. (3) Organizational efficiency charges, recorded within SG&A expenses, primarily relate to the severance and related costs of corporate employees. (4) Other charges comprise of consulting costs and the write-down of certain assets that will not be placed into service by the Company, which are recorded within SG&A expenses, and certain freight and handling costs incurred related to the destruction of inventory which are recorded within cost of sales. The remaining balance as of September 26, 2015 and June 27, 2015 is included within Accrued liabilities on the Company's Condensed Consolidated Balance Sheets. The above charges were recorded as corporate unallocated expenses within the Company's Condensed Consolidated Statements of Income. See Note 14, "Segment Information," for further information. The Company expects to incur additional pre-tax charges in the range of $35 million during fiscal 2016 in connection with the Transformation Plan. These costs will primarily consist of organizational efficiency charges and global store-related costs, including the impact of accelerated depreciation associated with store renovations and closures in North America and select International stores.

Acquisitions

Acquisitions	3 Months Ended
	Sep. 26, 2015
Business Combinations [Abstract]
Acquisitions	Acquisitions Fiscal 2015 Acquisition On May 4, 2015, the Company acquired all of the outstanding equity interests of Stuart Weitzman Topco LLC ("Topco") and Stuart Weitzman Intermediate LLC ("Stuart Weitzman"), a wholly owned subsidiary of Topco, which the Company believes will complement its current leadership position in premium handbags and accessories. Stuart Weitzman designs and manufactures women's luxury footwear and accessories. The results of the Stuart Weitzman's operations have been presented as a segment of Coach, Inc. within Note 14, "Segment Information." The aggregate cash paid in connection with the acquisition of Stuart Weitzman was $531.1 million (or $519.6 million net of cash acquired). Furthermore, the acquisition agreement contains a potential earnout payment of up to $14.7 million annually in cash over the next three calendar years, based on the achievement of certain revenue targets. The agreement also contains a catch-up provision that provides that if the revenue targets are missed in any one year but are surpassed in succeeding years then amounts for past years become due upon surpassing targets in succeeding years. The total amount payable under the earnout will not exceed $44.0 million . The Company funded the acquisition through cash on-hand, including the utilization of a portion of debt related proceeds, as described in Note 10, "Debt." The purchase price allocations for these assets and liabilities are substantially complete, however it may be subject to change as additional information is obtained during the acquisition measurement period. The following table summarizes the fair value of the assets acquired and liabilities assumed as of the acquisition date (in millions): Assets Acquired and Liabilities Assumed Fair Value Cash and cash equivalents $ 11.5 Trade accounts receivable 34.0 Inventories (1) 32.9 Prepaid expenses and other current assets 5.2 Property and equipment, net 28.3 Goodwill (2) 125.8 Trademarks and trade names (3) 267.0 Other intangible assets (4) 87.0 Deferred income taxes 7.1 Other assets 2.3 Total assets acquired 601.1 Accounts Payable and accrued liabilities 15.7 Other liabilities (5) 54.3 Total liabilities assumed 70.0 Total purchase price 531.1 Less: Cash acquired (11.5 ) Total purchase price, net of cash acquired $ 519.6 (1) Included a step-up adjustment of approximately $5.6 million , which is being amortized over 4 months . (2) Approximately $38.5 million of the goodwill balance is tax deductible. (3) The trademarks and trade names intangible asset was valued based on the relief from royalty approach. (4) The components of Other intangible assets included customer relationships of approximately $54.7 million (amortized over 15 years), order backlog of approximately $7.7 million (amortized over 6 months) and favorable lease rights of approximately $24.6 million (amortized over the remainder of the underlying lease terms). The customer relationship intangible asset was valued using the excess earnings method, which discounts the estimated after-tax cash flows associated with the existing base of customers as of the acquisition date, factoring in expected attrition of the existing base. The order backlog intangible asset was valued using the excess earnings method, which discounts the estimated after-tax cash flows associated with open customer orders as of the acquisition date. Favorable lease rights were valued based on a comparison of market participant information and Company-specific lease terms. (5) Included within Other liabilities is the fair value measurement of the contingent earnout payment of $17.8 million . This was valued primarily utilizing Level 3 inputs as defined by the fair value hierarchy, and was based on a weighted average expected achievement probability and discount rate over the expected measurement period. See Note 11, "Fair Value Measurements," for a reconciliation of the contingent earnout liability as of September 26, 2015 . During the three months ended September 26, 2015 and the three months ended September 27, 2014, there were no material acquisition-related costs, recorded within SG&A expenses.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Sep. 26, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The change in the carrying amount of the Company’s goodwill is as follows (in millions): International Stuart Weitzman Total Balance at June 27, 2015 $ 308.4 $ 125.8 $ 434.2 Foreign exchange impact 2.2 (0.1 ) 2.1 Balance at September 26, 2015 $ 310.6 $ 125.7 $ 436.3 Other Intangible Assets Other intangible assets consist of the following (in millions): Three Months Ended September 26, 2015 June 27, 2015 Gross Accum. Net Gross Accum. Net Intangible assets subject to amortization: Customer relationships $ 54.7 $ (2.1 ) $ 52.6 $ 54.7 $ (0.8 ) $ 53.9 Order backlog 7.7 (6.4 ) 1.3 7.7 (2.6 ) 5.1 Favorable lease rights 24.6 (1.3 ) 23.3 24.6 (0.5 ) 24.1 Total intangible assets subject to amortization 87.0 (9.8 ) 77.2 87.0 (3.9 ) 83.1 Intangible assets not subject to amortization: Trademarks and trade names 276.8 — 276.8 276.8 — 276.8 Total intangible assets $ 363.8 $ (9.8 ) $ 354.0 $ 363.8 $ (3.9 ) $ 359.9 Amortization Based on the balance of the Company's intangible assets subject to amortization as of September 26, 2015, the expected amortization expense for each of the next five fiscal years and thereafter is as follows (in millions): Amortization Expense Remainder of Fiscal 2016 $ 7.4 Fiscal 2017 7.1 Fiscal 2018 6.6 Fiscal 2019 6.6 Fiscal 2020 6.3 Fiscal 2021 6.0 Fiscal 2022 and thereafter 37.2 Total $ 77.2 The expected future amortization expense above reflects remaining useful lives of 14.6 years for customer relationships, 1 month for order backlog, and the remaining lease terms ranging from approximately 2 to 10 years for favorable/unfavorable lease rights.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Sep. 26, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity A reconciliation of stockholders' equity is presented below (in millions, except per share data): Shares of Common Stock Common Stock Additional Paid-in- Capital Accumulated Deficit Accumulated Other Comprehensive Loss Total Stockholders' Equity Balance at June 28, 2014 274.4 $ 2.7 $ 2,646.1 $ (219.5 ) $ (8.7 ) $ 2,420.6 Net income — — — 119.1 — 119.1 Other comprehensive loss — — — — (26.9 ) (26.9 ) Shares issued for stock options and employee benefit plans 1.2 0.1 (2.9 ) — — (2.8 ) Share-based compensation — — 24.6 — — 24.6 Excess tax shortfall from share-based compensation — — (1.6 ) — — (1.6 ) Dividends declared ($0.3375 per share) — — — (92.9 ) — (92.9 ) Balance at September 27, 2014 275.6 $ 2.8 $ 2,666.2 $ (193.3 ) $ (35.6 ) $ 2,440.1 Balance at June 27, 2015 276.6 $ 2.8 $ 2,754.4 $ (189.6 ) $ (77.7 ) $ 2,489.9 Net income — — — 96.4 — 96.4 Other comprehensive loss — — — — (25.4 ) (25.4 ) Shares issued for stock options and employee benefit plans 0.9 — (8.5 ) — — (8.5 ) Share-based compensation — — 22.9 — — 22.9 Excess tax shortfall from share-based compensation — — (8.2 ) — — (8.2 ) Dividends declared ($0.3375 per share) — — — (93.6 ) — (93.6 ) Balance at September 26, 2015 277.5 $ 2.8 $ 2,760.6 $ (186.8 ) $ (103.1 ) $ 2,473.5 The components of accumulated other comprehensive loss ("AOCI"), as of the dates indicated, are as follows (in millions): Unrealized Gains (Losses) on Cash Flow Hedges (1) Unrealized Losses on Available- for-Sale Securities Cumulative Translation Adjustment Other (2) Total Balances at June 28, 2014 $ 0.6 $ 1.8 $ (9.2 ) $ (1.9 ) $ (8.7 ) Other comprehensive income (loss) before reclassifications 4.6 (0.5 ) (30.2 ) — (26.1 ) Less: gains reclassified from accumulated other comprehensive income to earnings 0.8 — — — 0.8 Net current-period other comprehensive income (loss) 3.8 (0.5 ) (30.2 ) — (26.9 ) Balances at September 27, 2014 $ 4.4 $ 1.3 $ (39.4 ) $ (1.9 ) $ (35.6 ) Balances at June 27, 2015 $ 4.4 $ 0.5 $ (81.7 ) $ (0.9 ) $ (77.7 ) Other comprehensive loss before reclassifications (0.9 ) (0.5 ) (21.6 ) — (23.0 ) Less: gains reclassified from accumulated other comprehensive income to earnings 2.4 — — — 2.4 Net current-period other comprehensive loss (3.3 ) (0.5 ) (21.6 ) — (25.4 ) Balances at September 26, 2015 $ 1.1 $ — $ (103.3 ) $ (0.9 ) $ (103.1 ) (1) The ending balances of AOCI related to cash flow hedges are net of tax of ($0.8) million and ($2.5) million as of September 26, 2015 and September 27, 2014 , respectively. The amounts reclassified from AOCI are net of tax of ($1.2) million and ($0.4) million as of September 26, 2015 and September 27, 2014 , respectively. (2) As of September 26, 2015 and September 27, 2014 , Other represents the accumulated loss on the Company's minimum pension liability adjustment. The balances at September 26, 2015 and September 27, 2014 are net of tax of $0.5 million and $1.5 million, respectively.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Sep. 26, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings per Share Basic net income per share is calculated by dividing net income by the weighted-average number of shares outstanding during the period. Diluted net income per share is calculated similarly but includes potential dilution from the exercise of stock options and restricted stock units and any other potentially dilutive instruments, only in the periods in which such effects are dilutive under the treasury stock method. The following is a reconciliation of the weighted-average shares outstanding and calculation of basic and diluted earnings per share: Three Months Ended September 26, 2015 September 27, (millions, except per share data) Net income $ 96.4 $ 119.1 Total weighted-average basic shares outstanding 277.1 275.0 Dilutive securities: Effect of dilutive securities 1.2 1.4 Total weighted-average diluted shares 278.3 276.4 Net income per share: Basic $ 0.35 $ 0.43 Diluted $ 0.35 $ 0.43 Earnings per share amounts have been calculated based on unrounded numbers. Options to purchase shares of the Company's 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 restricted stock unit awards that are issuable only upon the achievement of certain performance goals. Performance-based restricted stock unit awards are included in the computation of diluted shares only to the extent that the underlying performance conditions (and any applicable market condition modifiers) (i) are 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 September 26, 2015 and September 27, 2014 , there were approximately 15.8 million and 12.2 million , respectively, of additional shares issuable upon exercise of anti-dilutive options and contingent vesting of performance-based restricted stock unit awards, which were excluded from the diluted share calculations.

Share-based Compensation

Share-based Compensation	3 Months Ended
	Sep. 26, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation	Share-based Compensation The following table shows the total compensation cost charged against income for these plans and the related tax benefits recognized in the income statement: Three Months Ended September 26, 2015 September 27, 2014 (1) (millions) Share-based compensation expense $ 22.9 $ 24.6 Income tax benefit related to share-based compensation expense 6.9 7.3 (1) During the three months ended September 27, 2014 , the Company incurred approximately $2.7 million of share-based compensation expense related to organizational efficiency costs under the Company's Transformation Plan primarily as a result of the accelerated vesting of certain awards. See Note 4, "Transformation and Other Actions," for more information. Approximately $1.1 million of income tax benefit was associated with these actions for the three months ended September 27, 2014 . Stock Options A summary of stock option activity during the three months ended September 26, 2015 is as follows: Number of Options Outstanding Weighted-Average Exercise Price per Option (millions) Outstanding at June 27, 2015 13.5 $ 42.81 Granted 4.1 31.46 Exercised (0.1 ) 32.04 Forfeited or expired (1.1 ) 36.47 Outstanding at September 26, 2015 16.4 40.00 Vested and expected to vest at September 26, 2015 15.9 41.71 Exercisable at September 26, 2015 9.0 44.66 At September 26, 2015 , $37.3 million of total unrecognized compensation cost related to non-vested stock option awards is expected to be recognized over a weighted-average period of 1.2 years. The weighted-average grant-date fair value of options granted during the three months ended September 26, 2015 and September 27, 2014 was $5.60 and $6.40 , respectively. The total intrinsic value of options exercised during the three months ended September 26, 2015 and September 27, 2014 was $0.1 million and $6.3 million, respectively. The total cash received from option exercises was $2.5 million for the three months ended September 26, 2015 and $9.0 million for the three months ended September 27, 2014 , and the cash tax benefit realized for the tax deductions from these option exercises was approximately $0.1 million and $2.5 million, respectively. Service-based Restricted Stock Unit Awards ("RSUs") A summary of service-based RSU activity during the three months ended September 26, 2015 is as follows: Number of Non-vested RSUs Weighted- Average Grant- Date Fair Value per RSU (millions) Non-vested at June 27, 2015 3.3 $ 52.39 Granted 2.0 31.51 Vested (1.1 ) 31.88 Forfeited (0.1 ) 41.90 Non-vested at September 26, 2015 4.1 48.11 At September 26, 2015 , $104.8 million of total unrecognized compensation cost related to non-vested share awards is expected to be recognized over a weighted-average period of 1.2 years. The weighted-average grant-date fair value of share awards granted during the three months ended September 26, 2015 and September 27, 2014 was $31.51 and $36.27 , respectively. The total fair value of shares vested during the three months ended September 26, 2015 and September 27, 2014 was $36.1 million and $38.2 million, respectively. Performance-based Restricted Stock Unit Awards ("PRSUs") A summary of PRSU activity during the three months ended September 26, 2015 is as follows: Number of Non-vested PRSUs Weighted- Average Grant- Date Fair Value per PRSU (millions) Non-vested at June 27, 2015 1.1 $ 41.76 Granted 0.3 31.56 Change due to performance condition achievement (1) — 52.46 Vested (1) — 31.54 Forfeited (1) — 44.92 Non-vested at September 26, 2015 1.4 39.61 (1) During the first three months ended September 26, 2015 , there were less than 0.1 million shares of PRSU activity due to changes in performance conditions, shares vested, or shares forfeited, individually and in the aggregate. At September 26, 2015 , $23.8 million of total unrecognized compensation cost related to non-vested PRSU awards is expected to be recognized over a weighted-average period of 1.3 years. Included in the non-vested amount at September 26, 2015 are approximately 0.7 million PRSU awards that are based on performance criteria which compares the Company's total stockholder return over the performance period to the total stockholder return of the companies included in the Standard and Poor's 500 Index. There were no awards granted during the three months ended September 26, 2015 with this performance criteria. The remaining 0.7 million PRSU awards included in the non-vested amount are based on certain Company-specific productivity, strategic and sales metrics. The weighted-average grant-date fair value per share of PRSU awards granted during the three months ended September 26, 2015 and September 27, 2014 was $31.56 and $36.27 , respectively. The total fair value of awards that vested during the three months ended September 26, 2015 and September 27, 2014 was $0.9 million and $0.7 million, respectively. In the three months ended September 26, 2015 and September 27, 2014 , the cash tax benefit realized for the tax deductions from all RSUs (service and performance-based) was $11.4 million and $10.6 million, respectively.

Debt

Debt	3 Months Ended
	Sep. 26, 2015
Debt Disclosure [Abstract]
Debt	Debt The following table summarizes the components of the Company’s outstanding debt: September 26, 2015 June 27, 2015 (millions) Current Debt: Term Loan $ 15.0 $ 11.3 Revolving Facility — — Total Current Debt $ 15.0 $ 11.3 Long-Term Debt: Term Loan $ 285.0 $ 288.7 4.250% Senior Notes 600.0 600.0 Total Long-Term Debt 885.0 888.7 Less: Unamortized Discount and Debt Issuance Costs on 4.250% Senior Notes (9.4 ) (9.6 ) Total Long-Term Debt, net $ 875.6 $ 879.1 During the three months ended September 26, 2015 and September 27, 2014 , the Company recognized interest expense related to its outstanding debt of $8.0 million and $0.7 million , respectively. Amended and Restated Credit Agreement In March 2015, the Company amended and restated its existing $700.0 million revolving credit facility (the "Revolving Facility") with certain lenders and JP Morgan Chase Bank, N.A. as the administrative agent, to provide for a five -year senior unsecured $300.0 million term loan (the “Term Loan”) and to extend the maturity date to March 18, 2020 (the "Amended and Restated Credit Agreement"). As of September 26, 2015 , there were no borrowings under the Revolving Facility. The Term Loan will be repaid in quarterly installments beginning in September 2015 through December 2019, with the remaining expected outstanding balance of $202.5 million due on maturity at March 18, 2020 . There is no penalty for early repayment of outstanding amounts under the Term Loan. The Amended and Restated Credit Agreement will continue to be used for general corporate purposes of the Company and its subsidiaries. Borrowings under the Amended and Restated Credit Agreement bear interest at a rate per annum equal to, at the Company's option, either (a) a rate based on the rates applicable for deposits in the interbank market for U.S. dollars or the applicable currency in which the loans are made plus an applicable margin or (b) an alternate base rate (which is a rate equal to the greatest of (i) the Prime Rate in effect on such day, (ii) the Federal Funds Effective Rate in effect on such day plus ½ of 1% or (iii) the Adjusted LIBO Rate for a one month Interest Period on such day plus 1% ). Additionally, the Company pays a commitment fee on the average daily unused amount of the Revolving Facility. At September 26, 2015 , the interest rate on these borrowings was 1.415% and the commitment fee was 0.125% . The fair value of the outstanding balance of the Term Loan as of September 26, 2015 and June 27, 2015 approximated carrying value, and was based on available external pricing data and current market rates for similar debt instruments, among other factors, and is classified as Level 2 measurements within the fair value hierarchy. 4.250% Senior Notes In March 2015, the Company issued $600.0 million aggregate principal amount of 4.250% senior unsecured notes due April 1, 2025 at 99.445% of par (the “4.250% Senior Notes”). Interest is payable semi-annually on April 1 and October 1 beginning October 1, 2015. Prior to January 1, 2025 ( 90 days prior to the scheduled maturity date), the Company may redeem the 4.250% Senior Notes in whole or in part, at its option at any time or from time to time, at a redemption price equal to the greater of (1) 100% of the principal amount of the 4.250% Senior Notes to be redeemed or (2) the sum of the present values of the remaining scheduled payments of principal and interest thereon that would have been payable in respect of the 4.250% Senior Notes calculated as if the maturity date of the 4.250% Senior Notes was January 1, 2025 (not including any portion of payments of interest accrued to the date of redemption), discounted to the redemption date on a semi-annual basis at the Adjusted Treasury Rate (as defined in the indenture for the 4.250% Senior Notes) plus 35 basis points, plus, in the case of each of (1) and (2), accrued and unpaid interest to the redemption date. On and after January 1, 2025 ( 90 days prior to the scheduled maturity date), the Company may redeem the 4.250% Senior Notes in whole or in part, at its option at any time or from time to time, at a redemption price equal to 100% of the principal amount of the 4.250% Senior Notes to be redeemed, plus accrued and unpaid interest to the redemption date. Furthermore, the indenture for the 4.250% Senior Notes contains certain covenants limiting the Company’s ability to: (i) create certain liens, (ii) enter into certain sale and leaseback transactions and (iii) merge, or consolidate or transfer, sell or lease all or substantially all of the Company’s assets. As of September 26, 2015 , no known events of default have occurred. At September 26, 2015 and June 27, 2015 , the fair value of the 4.250% Senior Notes was approximately $573 million and $579 million , respectively, based on external pricing data, including available quoted market prices of these instruments, and consideration of comparable debt instruments with similar interest rates and trading frequency, among other factors, and is classified as Level 2 measurements within the fair value hierarchy. Debt Maturities As of September 26, 2015 , the Company's aggregate maturities of total debt are as follows (in millions): Fiscal Year Amount 2016 $ 15.0 2017 15.0 2018 15.0 2019 22.5 2020 232.5 Subsequent to 2020 600.0 Total future debt repayments $ 900.0 Other Coach Japan, a wholly owned subsidiary of the Company, maintains credit facilities with several Japanese financial institutions to provide funding for working capital and general corporate purposes, allowing a total maximum borrowing capacity of 5.3 billion yen, or approximately $44 million , as of September 26, 2015 . Interest is based on the Tokyo Interbank rate plus a margin of 25 to 30 basis points. During the three months ended September 26, 2015 and September 27, 2014 , there were no borrowings under this facility. The Coach Japan credit facility can be terminated at any time by the financial institution, and there is no guarantee that it will be available to the Company in future periods.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Sep. 26, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company categorizes its assets and liabilities, based on the priority of the inputs to the valuation technique, into a three-level fair value hierarchy as set forth below. The three levels of the hierarchy are defined as follows: Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 — Observable inputs other than quoted prices included in Level 1. Level 2 inputs include quoted prices for identical assets or liabilities in non-active markets, quoted prices for similar assets or liabilities in active markets, and inputs other than quoted prices that are observable for substantially the full term of the asset or liability. Level 3 — Unobservable inputs reflecting management’s own assumptions about the input used in pricing the asset or liability. The following table shows the fair value measurements of the Company’s financial assets and liabilities at September 26, 2015 and June 27, 2015 (in millions): Level 1 Level 2 Level 3 September 26, June 27, September 26, June 27, September 26, June 27, Assets: Cash equivalents (1) $ 266.9 $ 485.0 $ 2.0 $ 14.7 $ — $ — Short-term investments : Commercial paper (2) — — 23.4 — — — Government securities - U.S. (2) 62.1 42.8 1.7 — — — Corporate debt securities - U.S. (2) — — 123.1 110.0 — — Corporate debt securities - non U.S. (2) — — 99.5 74.6 — — Long-term investments : Government securities - U.S. (3) 9.3 9.3 — — — — Corporate debt securities - U.S. (3) — — 56.4 42.6 — — Corporate debt securities - non U.S. (3) — — 43.1 33.9 — — Derivative Assets : Inventory-related instruments (4) — — 0.9 3.3 — — Intercompany loan hedges (4) — — 0.1 0.1 — — Liabilities: Contingent earnout obligation (5) $ — $ — $ — $ — $ 21.6 $ 19.4 Derivative liabilities : Inventory-related instruments (4) — — 0.6 0.2 — — (1) Cash equivalents consist of money market funds and time deposits with maturities of three months or less at the date of purchase. Due to their short term maturity, management believes that their carrying value approximates fair value. (2) Short-term available-for-sale investments are recorded at fair value, which approximates their carrying value, and are primarily based upon quoted vendor or broker priced securities in active markets. Short-term held to maturity investments are recorded at amortized cost, which approximates fair value. (3) Fair value is primarily determined using vendor or broker priced securities in active markets. These securities have maturity dates between calendar years 2015 and 2017. (4) The fair value of these hedges is primarily based on the forward curves of the specific indices upon which settlement is based and includes an adjustment for the counterparty’s or Company’s credit risk. (5) Refer to Note 5, "Acquisitions," for further information. Refer to Note 10, "Debt," for the fair value of the Company's outstanding debt instruments. The following table presents a reconciliation of the liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended September 26, 2015 and June 27, 2015 . Level 3 liabilities consisted of the contingent earnout obligation related to the Stuart Weitzman acquisition. September 26, 2015 June 27, 2015 (millions) Balance, beginning of period $ 19.4 $ — Contingent earnout obligation recorded in purchase accounting — 17.8 Increase to contingent earnout obligation 2.2 1.6 Balance, end of period $ 21.6 $ 19.4 Non-Financial Assets and Liabilities The Company’s non-financial instruments, which primarily consist of goodwill, 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 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 market participant assumptions. Refer to Note 5, "Acquisitions," for further discussion of the approaches used in valuing acquired assets and assumed liabilities.

Investments

Investments	3 Months Ended
	Sep. 26, 2015
Investments, Debt and Equity Securities [Abstract]
Investments	Investments The following table summarizes the Company’s investments, all of which are denominated in U.S. dollars, recorded within the condensed consolidated balance sheets as of September 26, 2015 and June 27, 2015 : September 26, 2015 June 27, 2015 Short-term Long-term Total Short-term Long-term Total (millions) Available-for-sale investments: Commercial paper (1) $ 23.4 $ — $ 23.4 $ — $ — $ — Government securities - U.S. (2) 63.8 9.3 73.1 42.8 9.3 52.1 Corporate debt securities - U.S. (2) 123.1 56.4 179.5 110.0 42.6 152.6 Corporate debt securities - non-U.S. (2) 99.5 43.1 142.6 74.6 33.9 108.5 Available-for-sale investments, total $ 309.8 $ 108.8 $ 418.6 $ 227.4 $ 85.8 $ 313.2 Held to maturity: Corporate debt securities - U.S. (3) — — — 6.6 — 6.6 Other: Time deposits (1) 0.4 — 0.4 — — — Other (4) — 371.6 371.6 — 320.2 320.2 Total Investments $ 310.2 $ 480.4 $ 790.6 $ 234.0 $ 406.0 $ 640.0 (1) These securities have original maturities greater than three months and are recorded at fair value. (2) These securities have maturity dates between calendar years 2015 and 2017 and are recorded at fair value. (3) These securities were recorded at amortized cost which approximated fair value utilizing Level 2 information. (4) Primarily relates to the equity method investment related to an equity interest in an entity formed during fiscal 2013 for the purpose of developing a new office tower in Manhattan (the "Hudson Yards joint venture"), with the Company owning less than 43% of the joint venture. As of September 26, 2015 and June 27, 2015 , the Company had an equity method investment of $ 371.6 million and $320.2 million , respectively, in the Hudson Yards joint venture. The Hudson Yards joint venture is determined to be a variable interest entity primarily due to the fact that it has insufficient equity to finance its activities without additional subordinated financial support from its two joint venture partners. The Company is not considered the primary beneficiary of the entity primarily because the Company does not have the power to direct the activities that most significantly impact the entity’s economic performance. The Company’s maximum loss exposure is limited to the committed capital. Refer to Note 13, "Commitments and Contingencies," for further information. There were no material gross unrealized gains or losses on available-for-sale securities during the periods ended September 26, 2015 and June 27, 2015 .

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 26, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies As of September 26, 2015 , the Company's equity method investment related to an equity interest in an entity formed during fiscal 2013 for the purpose of developing a new office tower in Manhattan, the Hudson Yards joint venture, with the Company owning less than 43% of the joint venture. This investment is included in the Company’s long-term investments. The formation of the Hudson Yards joint venture serves as a financing vehicle for the project. Construction of the new building has commenced and upon expected completion of the office tower in fiscal 2016, the Company will retain a condominium interest serving as its new corporate headquarters. During the quarter ended September 26, 2015 , the Company invested $51.4 million in the joint venture. Since the formation of the Hudson Yards joint venture, the Company has invested $371.6 million . The Company expects to invest approximately $158 million over the remainder of fiscal 2016, depending on construction progress. Outside of the joint venture, the Company is directly investing in a portion of the design and build-out of the new corporate headquarters. During the first three months of fiscal 2016, $11.3 million was included in capital expenditures and we expect approximately another $175 million over the remaining period of construction. The Hudson Yards joint venture is determined to be a VIE primarily due to the fact that it has insufficient equity to finance its activities without additional subordinated financial support from its two joint venture partners. The Company is not considered the primary beneficiary of the entity primarily because the Company does not have the power to direct the activities that most significantly impact the entity's economic performance. The Company's maximum loss exposure is limited to the committed capital. The Company had standby letters of credit totaling $6.8 million outstanding at both September 26, 2015 and June 27, 2015 . The letters of credit, which expire at various dates through 2016, primarily collateralize the Company's obligation to third parties for insurance claims, leases and materials used in product manufacturing. The Company pays certain fees with respect to letters of credit that are issued. In the ordinary course of business, the Company is a party to several pending legal proceedings and claims. Although the outcome of such items cannot be determined with certainty, the Company's general counsel and management are of the opinion that the final outcome will not have a material effect on the Company’s cash flow, results of operations or financial position.

Segment Information

Segment Information	3 Months Ended
	Sep. 26, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information In fiscal 2016, the Company has three reportable segments based on its business activities and organization: • North America, which includes sales to North American consumers through Coach-branded stores, including the Internet, and sales to wholesale customers. • International, which includes sales to consumers through Coach-branded stores and concession shop-in-shops in Japan, mainland China, Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Austria, Belgium and the Netherlands. Additionally, International includes sales to consumers through the Internet in Japan, mainland China and South Korea, as well as sales to wholesale customers and distributors in approximately 50 countries. • Stuart Weitzman, which includes sales generated by the Stuart Weitzman brand primarily through department stores in North America and international distributors, within numerous independent third party distributors and within Stuart Weitzman operated stores (including the Internet) primarily in North America. The following table summarizes segment performance for the three months ended September 26, 2015 and September 27, 2014 (in millions): North America International Other (1) Corporate Unallocated (2) Stuart Weitzman Total Three Months Ended September 26, 2015 Net sales $ 561.0 $ 369.0 $ 12.8 $ — $ 87.5 $ 1,030.3 Gross profit 348.9 282.2 8.4 7.3 49.7 696.5 Operating income (loss) 171.7 107.2 6.1 (151.3 ) 7.7 141.4 Income (loss) before provision for income taxes 171.7 107.2 6.1 (158.0 ) 7.7 134.7 Depreciation and amortization expense (3) 15.8 16.8 — 17.1 7.5 57.2 Additions to long-lived assets 21.8 31.4 — 14.6 1.7 69.5 Three Months Ended September 27, 2014 Net sales $ 633.7 $ 381.0 $ 24.1 $ — $ — $ 1,038.8 Gross profit 408.0 295.4 11.4 0.6 — 715.4 Operating income (loss) 221.5 118.0 9.3 (169.0 ) — 179.8 Income (loss) before provision for income taxes 221.5 118.0 9.3 (168.3 ) — 180.5 Depreciation and amortization expense (3) 13.0 15.7 — 27.8 — 56.5 Additions to long-lived assets 20.0 13.9 — 6.5 — 40.4 (1) Other, which is not a reportable segment, consists of sales and expenses generated by the Coach brand in other ancillary channels, including licensing and disposition. (2) Corporate unallocated expenses include Coach brand inventory-related costs (such as production variances), advertising, marketing, design, administration and information systems, as well as distribution and consumer service expenses. Furthermore, transformation-related charges incurred by the Company as described in Note 4, "Transformation and Other Actions" and to a lesser extent, charges associated with contingent earn out payments of the Stuart Weitzman acquisition (as described in Note 5, "Acquisitions") and other integration-related activities, are also included as unallocated corporate expenses. (3) Depreciation and amortization expense includes $2.8 million and $13.2 million of transformation-related charges for the three months ended September 26, 2015 and September 27, 2014 . These charges are recorded as corporate unallocated expenses. The following is a summary of all costs not allocated in the determination of segment operating income performance: Three Months Ended September 26, September 27, (millions) Inventory-related costs (1) $ 7.3 $ 0.6 Advertising, marketing and design (2) (63.1 ) (53.9 ) Administration and information systems (2)(3) (80.3 ) (98.8 ) Distribution and customer service (2) (15.2 ) (16.9 ) Total corporate unallocated costs $ (151.3 ) $ (169.0 ) (1) Inventory-related costs consist of production variances and transformation-related costs, and are recorded within cost of sales. During the three months ended September 26, 2015 and September 27, 2014 , production variances were $7.3 million and $4.6 million , respectively. There were no inventory-related transformation costs during the three months ended September 26, 2015 . During the three months ended September 27, 2014 , inventory-related transformation costs were ($4.0) million . (2) Costs recorded within SG&A expenses. (3) During the three months ended September 26, 2015 and September 27, 2014 , transformation-related costs recorded within SG&A expenses were ($12.6) million and ($33.1) million , respectively. Furthermore, during the three months ended September 26, 2015 , ($3.6) million of charges related to the Stuart Weitzman contingent earn out payments and other integration-related activities were recorded within corporate unallocated costs. There were no acquisition charges during the three months ended September 27, 2014 .

Basis of Presentation and Org21

Basis of Presentation and Organization (Policies)	3 Months Ended
	Sep. 26, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Consolidation	Basis of Consolidation These unaudited interim condensed 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. All significant intercompany balances and transactions have been eliminated in consolidation.
Fiscal Period	Fiscal Periods The Company utilizes a 52-53 week fiscal year ending on the Saturday closest to June 30. Fiscal 2016 will be a 53-week period. Fiscal 2015 ended on June 27, 2015 and was a 52-week period ("fiscal 2015"). The first quarter of fiscal 2016 ended on September 26, 2015 and was a 13-week period. The first quarter of fiscal 2015 ended on September 27, 2014 and was also a 13-week period.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results could differ from estimates in amounts that may be material to the financial statements. Significant estimates inherent in the preparation of the condensed consolidated financial statements include reserves for the realizability of inventory; customer returns, end-of-season markdowns and operational chargebacks; reserves for litigation and other contingencies; useful lives and impairments of long-lived tangible and intangible assets; accounting for income taxes and related uncertain tax positions; the valuation of stock-based compensation awards and related estimated forfeiture rates; reserves for restructuring; and accounting for business combinations, amongst others.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In September 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-16, " Simplifying the Accounting for Measurement-Period Adjustments, " which pertains to the accounting for business combinations. Under the ASU, an acquirer must recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The ASU also requires acquirers to present separately on the face of the income statement, or disclose in the notes, the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The requirements of the new standard will be effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, which for the Company is the first quarter of fiscal 2017. The adoption of this guidance is not expected to have a material effect on the Company's consolidated financial statements or notes thereto. In May 2014, the FASB issued ASU No. 2014-09, " Revenue from Contracts with Customers ," which provides a single, comprehensive revenue recognition model for all contracts with customers, and contains principles to determine the measurement of revenue and timing of when it is recognized. The requirements of the new standard will be effective for annual reporting periods beginning after December 15, 2017, and interim periods within those annual periods, which for the Company is the first quarter of fiscal 2019. Early adoption will be permitted for annual reporting periods beginning after December 15, 2016, including interim periods within those annual periods. The Company is currently evaluating this guidance, but does not expect its adoption to have a material effect on its consolidated financial statements.

Transformation and Other Acti22

Transformation and Other Actions (Tables)	3 Months Ended
	Sep. 26, 2015
Restructuring and Related Activities [Abstract]
Summary of Charges and Related Liabilities Under the Company's Transformation Plan	A summary of charges and related liabilities under the Company's Transformation Plan are as follows (in millions): Inventory-Related Charges (1) Store-Related Costs (2) Organizational Efficiency Costs (3) Other (4) Total Balance at June 28, 2014 $ 15.4 $ 5.5 $ 1.0 $ 0.6 $ 22.5 Fiscal 2015 charges 3.0 80.4 47.3 15.2 145.9 Cash payments (15.4 ) (34.6 ) (30.8 ) (10.1 ) (90.9 ) Non-cash adjustments (3.0 ) (48.8 ) (5.5 ) (2.4 ) (59.7 ) Balance at June 27, 2015 $ — $ 2.5 $ 12.0 $ 3.3 $ 17.8 Fiscal 2016 charges — 5.1 6.5 1.0 12.6 Cash payments — (1.8 ) (9.4 ) (0.1 ) (11.3 ) Non-cash adjustments — (4.6 ) — (0.8 ) (5.4 ) Balance at September 26, 2015 $ — $ 1.2 $ 9.1 $ 3.4 $ 13.7 (1) Inventory-related charges, recorded within cost of sales, primarily relate to reserves for the donation and destruction of certain on-hand inventory and future non-cancelable inventory purchase commitments. As of September 26, 2015 and June 27, 2015, a reserve of $11.1 million is included within Inventories on the Company's Condensed Consolidated Balance Sheets. (2) Store-related costs, recorded within SG&A expenses, relate to store closure costs which include accelerated depreciation charges associated with store assets that the Company will no longer benefit from as a result of the Transformation Plan, as well as lease termination and store employee severance costs. (3) Organizational efficiency charges, recorded within SG&A expenses, primarily relate to the severance and related costs of corporate employees. (4) Other charges comprise of consulting costs and the write-down of certain assets that will not be placed into service by the Company, which are recorded within SG&A expenses, and certain freight and handling costs incurred related to the destruction of inventory which are recorded within cost of sales.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Sep. 26, 2015
Business Combinations [Abstract]
Summary of Fair Values of Assets Acquired	The following table summarizes the fair value of the assets acquired and liabilities assumed as of the acquisition date (in millions): Assets Acquired and Liabilities Assumed Fair Value Cash and cash equivalents $ 11.5 Trade accounts receivable 34.0 Inventories (1) 32.9 Prepaid expenses and other current assets 5.2 Property and equipment, net 28.3 Goodwill (2) 125.8 Trademarks and trade names (3) 267.0 Other intangible assets (4) 87.0 Deferred income taxes 7.1 Other assets 2.3 Total assets acquired 601.1 Accounts Payable and accrued liabilities 15.7 Other liabilities (5) 54.3 Total liabilities assumed 70.0 Total purchase price 531.1 Less: Cash acquired (11.5 ) Total purchase price, net of cash acquired $ 519.6 (1) Included a step-up adjustment of approximately $5.6 million , which is being amortized over 4 months . (2) Approximately $38.5 million of the goodwill balance is tax deductible. (3) The trademarks and trade names intangible asset was valued based on the relief from royalty approach. (4) The components of Other intangible assets included customer relationships of approximately $54.7 million (amortized over 15 years), order backlog of approximately $7.7 million (amortized over 6 months) and favorable lease rights of approximately $24.6 million (amortized over the remainder of the underlying lease terms). The customer relationship intangible asset was valued using the excess earnings method, which discounts the estimated after-tax cash flows associated with the existing base of customers as of the acquisition date, factoring in expected attrition of the existing base. The order backlog intangible asset was valued using the excess earnings method, which discounts the estimated after-tax cash flows associated with open customer orders as of the acquisition date. Favorable lease rights were valued based on a comparison of market participant information and Company-specific lease terms. (5) Included within Other liabilities is the fair value measurement of the contingent earnout payment of $17.8 million . This was valued primarily utilizing Level 3 inputs as defined by the fair value hierarchy, and was based on a weighted average expected achievement probability and discount rate over the expected measurement period. See Note 11, "Fair Value Measurements," for a reconciliation of the contingent earnout liability as of September 26, 2015 .

Goodwill and Other Intangible24

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Sep. 26, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Change in Carrying Value of Goodwill	The change in the carrying amount of the Company’s goodwill is as follows (in millions): International Stuart Weitzman Total Balance at June 27, 2015 $ 308.4 $ 125.8 $ 434.2 Foreign exchange impact 2.2 (0.1 ) 2.1 Balance at September 26, 2015 $ 310.6 $ 125.7 $ 436.3
Schedule of Indefinite-Lived Intangible Assets	Other intangible assets consist of the following (in millions): Three Months Ended September 26, 2015 June 27, 2015 Gross Accum. Net Gross Accum. Net Intangible assets subject to amortization: Customer relationships $ 54.7 $ (2.1 ) $ 52.6 $ 54.7 $ (0.8 ) $ 53.9 Order backlog 7.7 (6.4 ) 1.3 7.7 (2.6 ) 5.1 Favorable lease rights 24.6 (1.3 ) 23.3 24.6 (0.5 ) 24.1 Total intangible assets subject to amortization 87.0 (9.8 ) 77.2 87.0 (3.9 ) 83.1 Intangible assets not subject to amortization: Trademarks and trade names 276.8 — 276.8 276.8 — 276.8 Total intangible assets $ 363.8 $ (9.8 ) $ 354.0 $ 363.8 $ (3.9 ) $ 359.9
Schedule of Finite-Lived Intangible Assets	Other intangible assets consist of the following (in millions): Three Months Ended September 26, 2015 June 27, 2015 Gross Accum. Net Gross Accum. Net Intangible assets subject to amortization: Customer relationships $ 54.7 $ (2.1 ) $ 52.6 $ 54.7 $ (0.8 ) $ 53.9 Order backlog 7.7 (6.4 ) 1.3 7.7 (2.6 ) 5.1 Favorable lease rights 24.6 (1.3 ) 23.3 24.6 (0.5 ) 24.1 Total intangible assets subject to amortization 87.0 (9.8 ) 77.2 87.0 (3.9 ) 83.1 Intangible assets not subject to amortization: Trademarks and trade names 276.8 — 276.8 276.8 — 276.8 Total intangible assets $ 363.8 $ (9.8 ) $ 354.0 $ 363.8 $ (3.9 ) $ 359.9
Schedule of Expected Amortization for Each of the Next Five Fiscal Years and Thereafter	Based on the balance of the Company's intangible assets subject to amortization as of September 26, 2015, the expected amortization expense for each of the next five fiscal years and thereafter is as follows (in millions): Amortization Expense Remainder of Fiscal 2016 $ 7.4 Fiscal 2017 7.1 Fiscal 2018 6.6 Fiscal 2019 6.6 Fiscal 2020 6.3 Fiscal 2021 6.0 Fiscal 2022 and thereafter 37.2 Total $ 77.2

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Sep. 26, 2015
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity	A reconciliation of stockholders' equity is presented below (in millions, except per share data): Shares of Common Stock Common Stock Additional Paid-in- Capital Accumulated Deficit Accumulated Other Comprehensive Loss Total Stockholders' Equity Balance at June 28, 2014 274.4 $ 2.7 $ 2,646.1 $ (219.5 ) $ (8.7 ) $ 2,420.6 Net income — — — 119.1 — 119.1 Other comprehensive loss — — — — (26.9 ) (26.9 ) Shares issued for stock options and employee benefit plans 1.2 0.1 (2.9 ) — — (2.8 ) Share-based compensation — — 24.6 — — 24.6 Excess tax shortfall from share-based compensation — — (1.6 ) — — (1.6 ) Dividends declared ($0.3375 per share) — — — (92.9 ) — (92.9 ) Balance at September 27, 2014 275.6 $ 2.8 $ 2,666.2 $ (193.3 ) $ (35.6 ) $ 2,440.1 Balance at June 27, 2015 276.6 $ 2.8 $ 2,754.4 $ (189.6 ) $ (77.7 ) $ 2,489.9 Net income — — — 96.4 — 96.4 Other comprehensive loss — — — — (25.4 ) (25.4 ) Shares issued for stock options and employee benefit plans 0.9 — (8.5 ) — — (8.5 ) Share-based compensation — — 22.9 — — 22.9 Excess tax shortfall from share-based compensation — — (8.2 ) — — (8.2 ) Dividends declared ($0.3375 per share) — — — (93.6 ) — (93.6 ) Balance at September 26, 2015 277.5 $ 2.8 $ 2,760.6 $ (186.8 ) $ (103.1 ) $ 2,473.5
Schedule of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive loss ("AOCI"), as of the dates indicated, are as follows (in millions): Unrealized Gains (Losses) on Cash Flow Hedges (1) Unrealized Losses on Available- for-Sale Securities Cumulative Translation Adjustment Other (2) Total Balances at June 28, 2014 $ 0.6 $ 1.8 $ (9.2 ) $ (1.9 ) $ (8.7 ) Other comprehensive income (loss) before reclassifications 4.6 (0.5 ) (30.2 ) — (26.1 ) Less: gains reclassified from accumulated other comprehensive income to earnings 0.8 — — — 0.8 Net current-period other comprehensive income (loss) 3.8 (0.5 ) (30.2 ) — (26.9 ) Balances at September 27, 2014 $ 4.4 $ 1.3 $ (39.4 ) $ (1.9 ) $ (35.6 ) Balances at June 27, 2015 $ 4.4 $ 0.5 $ (81.7 ) $ (0.9 ) $ (77.7 ) Other comprehensive loss before reclassifications (0.9 ) (0.5 ) (21.6 ) — (23.0 ) Less: gains reclassified from accumulated other comprehensive income to earnings 2.4 — — — 2.4 Net current-period other comprehensive loss (3.3 ) (0.5 ) (21.6 ) — (25.4 ) Balances at September 26, 2015 $ 1.1 $ — $ (103.3 ) $ (0.9 ) $ (103.1 ) (1) The ending balances of AOCI related to cash flow hedges are net of tax of ($0.8) million and ($2.5) million as of September 26, 2015 and September 27, 2014 , respectively. The amounts reclassified from AOCI are net of tax of ($1.2) million and ($0.4) million as of September 26, 2015 and September 27, 2014 , respectively. (2) As of September 26, 2015 and September 27, 2014 , Other represents the accumulated loss on the Company's minimum pension liability adjustment. The balances at September 26, 2015 and September 27, 2014 are net of tax of $0.5 million and $1.5 million, respectively.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Sep. 26, 2015
Earnings Per Share [Abstract]
Reconciliation of Weighted-average Shares Outstanding and Calculation of Basic and Diluted Net Income Per Share	The following is a reconciliation of the weighted-average shares outstanding and calculation of basic and diluted earnings per share: Three Months Ended September 26, 2015 September 27, (millions, except per share data) Net income $ 96.4 $ 119.1 Total weighted-average basic shares outstanding 277.1 275.0 Dilutive securities: Effect of dilutive securities 1.2 1.4 Total weighted-average diluted shares 278.3 276.4 Net income per share: Basic $ 0.35 $ 0.43 Diluted $ 0.35 $ 0.43

Share-based Compensation (Table

Share-based Compensation (Tables)	3 Months Ended
	Sep. 26, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	The following table shows the total compensation cost charged against income for these plans and the related tax benefits recognized in the income statement: Three Months Ended September 26, 2015 September 27, 2014 (1) (millions) Share-based compensation expense $ 22.9 $ 24.6 Income tax benefit related to share-based compensation expense 6.9 7.3 (1) During the three months ended September 27, 2014 , the Company incurred approximately $2.7 million of share-based compensation expense related to organizational efficiency costs under the Company's Transformation Plan primarily as a result of the accelerated vesting of certain awards. See Note 4, "Transformation and Other Actions," for more information. Approximately $1.1 million of income tax benefit was associated with these actions for the three months ended September 27, 2014 .
Schedule of Share-based Compensation, Stock Options, Activity	A summary of stock option activity during the three months ended September 26, 2015 is as follows: Number of Options Outstanding Weighted-Average Exercise Price per Option (millions) Outstanding at June 27, 2015 13.5 $ 42.81 Granted 4.1 31.46 Exercised (0.1 ) 32.04 Forfeited or expired (1.1 ) 36.47 Outstanding at September 26, 2015 16.4 40.00 Vested and expected to vest at September 26, 2015 15.9 41.71 Exercisable at September 26, 2015 9.0 44.66
Schedule of Nonvested Share Activity	A summary of PRSU activity during the three months ended September 26, 2015 is as follows: Number of Non-vested PRSUs Weighted- Average Grant- Date Fair Value per PRSU (millions) Non-vested at June 27, 2015 1.1 $ 41.76 Granted 0.3 31.56 Change due to performance condition achievement (1) — 52.46 Vested (1) — 31.54 Forfeited (1) — 44.92 Non-vested at September 26, 2015 1.4 39.61 (1) During the first three months ended September 26, 2015 , there were less than 0.1 million shares of PRSU activity due to changes in performance conditions, shares vested, or shares forfeited, individually and in the aggregate. A summary of service-based RSU activity during the three months ended September 26, 2015 is as follows: Number of Non-vested RSUs Weighted- Average Grant- Date Fair Value per RSU (millions) Non-vested at June 27, 2015 3.3 $ 52.39 Granted 2.0 31.51 Vested (1.1 ) 31.88 Forfeited (0.1 ) 41.90 Non-vested at September 26, 2015 4.1 48.11

Debt (Tables)

Debt (Tables)	3 Months Ended
	Sep. 26, 2015
Debt Disclosure [Abstract]
Summary of the Components of Outstanding Debt	The following table summarizes the components of the Company’s outstanding debt: September 26, 2015 June 27, 2015 (millions) Current Debt: Term Loan $ 15.0 $ 11.3 Revolving Facility — — Total Current Debt $ 15.0 $ 11.3 Long-Term Debt: Term Loan $ 285.0 $ 288.7 4.250% Senior Notes 600.0 600.0 Total Long-Term Debt 885.0 888.7 Less: Unamortized Discount and Debt Issuance Costs on 4.250% Senior Notes (9.4 ) (9.6 ) Total Long-Term Debt, net $ 875.6 $ 879.1
Schedule of Aggregate Maturities of Total Debt	As of September 26, 2015 , the Company's aggregate maturities of total debt are as follows (in millions): Fiscal Year Amount 2016 $ 15.0 2017 15.0 2018 15.0 2019 22.5 2020 232.5 Subsequent to 2020 600.0 Total future debt repayments $ 900.0

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Sep. 26, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements of Assets and Liabilities	The following table shows the fair value measurements of the Company’s financial assets and liabilities at September 26, 2015 and June 27, 2015 (in millions): Level 1 Level 2 Level 3 September 26, June 27, September 26, June 27, September 26, June 27, Assets: Cash equivalents (1) $ 266.9 $ 485.0 $ 2.0 $ 14.7 $ — $ — Short-term investments : Commercial paper (2) — — 23.4 — — — Government securities - U.S. (2) 62.1 42.8 1.7 — — — Corporate debt securities - U.S. (2) — — 123.1 110.0 — — Corporate debt securities - non U.S. (2) — — 99.5 74.6 — — Long-term investments : Government securities - U.S. (3) 9.3 9.3 — — — — Corporate debt securities - U.S. (3) — — 56.4 42.6 — — Corporate debt securities - non U.S. (3) — — 43.1 33.9 — — Derivative Assets : Inventory-related instruments (4) — — 0.9 3.3 — — Intercompany loan hedges (4) — — 0.1 0.1 — — Liabilities: Contingent earnout obligation (5) $ — $ — $ — $ — $ 21.6 $ 19.4 Derivative liabilities : Inventory-related instruments (4) — — 0.6 0.2 — — (1) Cash equivalents consist of money market funds and time deposits with maturities of three months or less at the date of purchase. Due to their short term maturity, management believes that their carrying value approximates fair value. (2) Short-term available-for-sale investments are recorded at fair value, which approximates their carrying value, and are primarily based upon quoted vendor or broker priced securities in active markets. Short-term held to maturity investments are recorded at amortized cost, which approximates fair value. (3) Fair value is primarily determined using vendor or broker priced securities in active markets. These securities have maturity dates between calendar years 2015 and 2017. (4) The fair value of these hedges is primarily based on the forward curves of the specific indices upon which settlement is based and includes an adjustment for the counterparty’s or Company’s credit risk. (5) Refer to Note 5, "Acquisitions," for further information.
Summary of Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	The following table presents a reconciliation of the liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended September 26, 2015 and June 27, 2015 . Level 3 liabilities consisted of the contingent earnout obligation related to the Stuart Weitzman acquisition. September 26, 2015 June 27, 2015 (millions) Balance, beginning of period $ 19.4 $ — Contingent earnout obligation recorded in purchase accounting — 17.8 Increase to contingent earnout obligation 2.2 1.6 Balance, end of period $ 21.6 $ 19.4

Investments (Tables)

Investments (Tables)	3 Months Ended
	Sep. 26, 2015
Investments, Debt and Equity Securities [Abstract]
Summary of Investments	The following table summarizes the Company’s investments, all of which are denominated in U.S. dollars, recorded within the condensed consolidated balance sheets as of September 26, 2015 and June 27, 2015 : September 26, 2015 June 27, 2015 Short-term Long-term Total Short-term Long-term Total (millions) Available-for-sale investments: Commercial paper (1) $ 23.4 $ — $ 23.4 $ — $ — $ — Government securities - U.S. (2) 63.8 9.3 73.1 42.8 9.3 52.1 Corporate debt securities - U.S. (2) 123.1 56.4 179.5 110.0 42.6 152.6 Corporate debt securities - non-U.S. (2) 99.5 43.1 142.6 74.6 33.9 108.5 Available-for-sale investments, total $ 309.8 $ 108.8 $ 418.6 $ 227.4 $ 85.8 $ 313.2 Held to maturity: Corporate debt securities - U.S. (3) — — — 6.6 — 6.6 Other: Time deposits (1) 0.4 — 0.4 — — — Other (4) — 371.6 371.6 — 320.2 320.2 Total Investments $ 310.2 $ 480.4 $ 790.6 $ 234.0 $ 406.0 $ 640.0 (1) These securities have original maturities greater than three months and are recorded at fair value. (2) These securities have maturity dates between calendar years 2015 and 2017 and are recorded at fair value. (3) These securities were recorded at amortized cost which approximated fair value utilizing Level 2 information. (4) Primarily relates to the equity method investment related to an equity interest in an entity formed during fiscal 2013 for the purpose of developing a new office tower in Manhattan (the "Hudson Yards joint venture"), with the Company owning less than 43% of the joint venture. As of September 26, 2015 and June 27, 2015 , the Company had an equity method investment of $ 371.6 million and $320.2 million , respectively, in the Hudson Yards joint venture. The Hudson Yards joint venture is determined to be a variable interest entity primarily due to the fact that it has insufficient equity to finance its activities without additional subordinated financial support from its two joint venture partners. The Company is not considered the primary beneficiary of the entity primarily because the Company does not have the power to direct the activities that most significantly impact the entity’s economic performance. The Company’s maximum loss exposure is limited to the committed capital. Refer to Note 13, "Commitments and Contingencies," for further information.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Sep. 26, 2015
Segment Reporting [Abstract]
Summary of Segment Information	The following table summarizes segment performance for the three months ended September 26, 2015 and September 27, 2014 (in millions): North America International Other (1) Corporate Unallocated (2) Stuart Weitzman Total Three Months Ended September 26, 2015 Net sales $ 561.0 $ 369.0 $ 12.8 $ — $ 87.5 $ 1,030.3 Gross profit 348.9 282.2 8.4 7.3 49.7 696.5 Operating income (loss) 171.7 107.2 6.1 (151.3 ) 7.7 141.4 Income (loss) before provision for income taxes 171.7 107.2 6.1 (158.0 ) 7.7 134.7 Depreciation and amortization expense (3) 15.8 16.8 — 17.1 7.5 57.2 Additions to long-lived assets 21.8 31.4 — 14.6 1.7 69.5 Three Months Ended September 27, 2014 Net sales $ 633.7 $ 381.0 $ 24.1 $ — $ — $ 1,038.8 Gross profit 408.0 295.4 11.4 0.6 — 715.4 Operating income (loss) 221.5 118.0 9.3 (169.0 ) — 179.8 Income (loss) before provision for income taxes 221.5 118.0 9.3 (168.3 ) — 180.5 Depreciation and amortization expense (3) 13.0 15.7 — 27.8 — 56.5 Additions to long-lived assets 20.0 13.9 — 6.5 — 40.4 (1) Other, which is not a reportable segment, consists of sales and expenses generated by the Coach brand in other ancillary channels, including licensing and disposition. (2) Corporate unallocated expenses include Coach brand inventory-related costs (such as production variances), advertising, marketing, design, administration and information systems, as well as distribution and consumer service expenses. Furthermore, transformation-related charges incurred by the Company as described in Note 4, "Transformation and Other Actions" and to a lesser extent, charges associated with contingent earn out payments of the Stuart Weitzman acquisition (as described in Note 5, "Acquisitions") and other integration-related activities, are also included as unallocated corporate expenses. (3) Depreciation and amortization expense includes $2.8 million and $13.2 million of transformation-related charges for the three months ended September 26, 2015 and September 27, 2014 . These charges are recorded as corporate unallocated expenses.
Summary of Common Costs Not Allocated	The following is a summary of all costs not allocated in the determination of segment operating income performance: Three Months Ended September 26, September 27, (millions) Inventory-related costs (1) $ 7.3 $ 0.6 Advertising, marketing and design (2) (63.1 ) (53.9 ) Administration and information systems (2)(3) (80.3 ) (98.8 ) Distribution and customer service (2) (15.2 ) (16.9 ) Total corporate unallocated costs $ (151.3 ) $ (169.0 ) (1) Inventory-related costs consist of production variances and transformation-related costs, and are recorded within cost of sales. During the three months ended September 26, 2015 and September 27, 2014 , production variances were $7.3 million and $4.6 million , respectively. There were no inventory-related transformation costs during the three months ended September 26, 2015 . During the three months ended September 27, 2014 , inventory-related transformation costs were ($4.0) million . (2) Costs recorded within SG&A expenses. (3) During the three months ended September 26, 2015 and September 27, 2014 , transformation-related costs recorded within SG&A expenses were ($12.6) million and ($33.1) million , respectively. Furthermore, during the three months ended September 26, 2015 , ($3.6) million of charges related to the Stuart Weitzman contingent earn out payments and other integration-related activities were recorded within corporate unallocated costs. There were no acquisition charges during the three months ended September 27, 2014 .

Nature of Operations (Details)

Nature of Operations (Details)	3 Months Ended
	Sep. 26, 2015country
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of countries with sales to wholesale customers and distributors (country)	50

Transformation and Other Acti33

Transformation and Other Actions (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		12 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Jun. 27, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2.8	$ 13.2
Inventory reserve	11.1		$ 11.1
Restructuring and transformation expected cost remaining	35
2014 Transformation Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, expected to be incurred	325
Restructuring charges	12.6	37.1	$ 145.9
Restructuring and transformation related charges, after tax	$ 8.5	$ 26.7
Restructuring and transformation related charges per diluted share (USD per share)	$ 0.03	$ 0.10
Transformation plan costs incurred to date	$ 290
2014 Transformation Plan | Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 12.6	$ 33.1
2014 Transformation Plan | Cost of Sales
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 4

Transformation and Other Acti34

Transformation and Other Actions (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Jun. 27, 2015
Restructuring Reserve [Roll Forward]
Restructuring charges	$ 2.8	$ 13.2
2014 Transformation Plan
Restructuring Reserve [Roll Forward]
Balance at beginning of period	17.8	22.5	$ 22.5
Restructuring charges	12.6	37.1	145.9
Cash payments	(11.3)		(90.9)
Non-cash adjustments	(5.4)		(59.7)
Balance at end of period	13.7		17.8
2014 Transformation Plan | Inventory-Related Charges
Restructuring Reserve [Roll Forward]
Balance at beginning of period	0	15.4	15.4
Restructuring charges	0		3
Cash payments	0		(15.4)
Non-cash adjustments	0		(3)
Balance at end of period	0		0
2014 Transformation Plan | Store-Related Costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period	2.5	5.5	5.5
Restructuring charges	5.1		80.4
Cash payments	(1.8)		(34.6)
Non-cash adjustments	(4.6)		(48.8)
Balance at end of period	1.2		2.5
2014 Transformation Plan | Organizational Efficiency Costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period	12	1	1
Restructuring charges	6.5		47.3
Cash payments	(9.4)		(30.8)
Non-cash adjustments	0		(5.5)
Balance at end of period	9.1		12
2014 Transformation Plan | Other
Restructuring Reserve [Roll Forward]
Balance at beginning of period	3.3	$ 0.6	0.6
Restructuring charges	1		15.2
Cash payments	(0.1)		(10.1)
Non-cash adjustments	(0.8)		(2.4)
Balance at end of period	$ 3.4		$ 3.3

Acquisitions Narrative (Details

Acquisitions Narrative (Details) - Stuart Weitzman Intermediate LLC $ in Millions	May. 04, 2015USD ($)
Business Acquisition [Line Items]
Cash paid in business acquisition	$ 531.1
Total purchase price, net of cash acquired	519.6
Maximum amount of annual earnout	$ 14.7
Contingent consideration, term	3 years
Maximum contingent consideration payable (received)	$ 44

Acquisitions Assets Acquired an

Acquisitions Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	May. 04, 2015	Sep. 26, 2015	Jun. 27, 2015
Business Acquisition [Line Items]
Goodwill		$ 436.3	$ 434.2
Stuart Weitzman Intermediate LLC
Business Acquisition [Line Items]
Cash and cash equivalents	$ 11.5
Trade accounts receivable	34
Inventories	32.9
Prepaid expenses and other current assets	5.2
Property and equipment, net	28.3
Goodwill	125.8
Trademarks and trade names	267
Other intangible assets	87
Deferred income taxes	7.1
Other assets	2.3
Total assets acquired	601.1
Accounts Payable and accrued liabilities	15.7
Other liabilities	54.3
Total liabilities assumed	70
Total purchase price	531.1
Total purchase price, net of cash acquired	519.6
Inventory step-up adjustment	$ 5.6
Step-up adjustment, amortization period	4 months
Goodwill, expected tax deductible amount	$ 38.5
Fair value of contingent earnout payment	17.8
Stuart Weitzman Intermediate LLC | Customer relationships
Business Acquisition [Line Items]
Other intangible assets	$ 54.7
Weighted average useful life of acquired intangible assets	15 years
Stuart Weitzman Intermediate LLC | Order backlog
Business Acquisition [Line Items]
Other intangible assets	$ 7.7
Weighted average useful life of acquired intangible assets	6 months
Stuart Weitzman Intermediate LLC | Favorable lease rights
Business Acquisition [Line Items]
Other intangible assets	$ 24.6

Goodwill and Other Intangible37

Goodwill and Other Intangible Assets (Change in Carrying Value of Goodwill) (Details) $ in Millions	3 Months Ended
	Sep. 26, 2015USD ($)
Goodwill [Roll Forward]
June 27, 2015	$ 434.2
Foreign exchange impact	2.1
September 26, 2015	436.3
International | Operating Segments
Goodwill [Roll Forward]
June 27, 2015	308.4
Foreign exchange impact	2.2
September 26, 2015	310.6
Stuart Weitzman | Operating Segments
Goodwill [Roll Forward]
June 27, 2015	125.8
Foreign exchange impact	(0.1)
September 26, 2015	$ 125.7

Goodwill and Other Intangible38

Goodwill and Other Intangible Assets (Indefinite and Finite Lived Assets) (Details) - USD ($) $ in Millions	Sep. 26, 2015	Jun. 27, 2015
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	$ 87	$ 87
Accumulated amortization	(9.8)	(3.9)
Total	77.2	83.1
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]
Intangible assets, gross (excluding goodwill)	363.8	363.8
Intangible assets, net (excluding goodwill)	354	359.9
Trademarks and trade names
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]
Indefinite-lived intangible assets (excluding goodwill)	276.8	276.8
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	54.7	54.7
Accumulated amortization	(2.1)	(0.8)
Total	52.6	53.9
Order backlog
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	7.7	7.7
Accumulated amortization	(6.4)	(2.6)
Total	1.3	5.1
Favorable lease rights
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived intangible assets, gross	24.6	24.6
Accumulated amortization	(1.3)	(0.5)
Total	$ 23.3	$ 24.1

Goodwill and Other Intangible39

Goodwill and Other Intangible Assets (Future Amortization Expense) (Details) - USD ($) $ in Millions	Sep. 26, 2015	Jun. 27, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of Fiscal 2016	$ 7.4
Fiscal 2,017	7.1
Fiscal 2,018	6.6
Fiscal 2,019	6.6
Fiscal 2,020	6.3
Fiscal 2,021	6
Fiscal 2022 and thereafter	37.2
Total	$ 77.2	$ 83.1

Goodwill and Other Intangible40

Goodwill and Other Intangible Assets (Narrative) (Details)	3 Months Ended
	Sep. 26, 2015
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	14 years 7 months 6 days
Order backlog
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	1 month
Favorable lease rights | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	2 years
Favorable lease rights | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	10 years

Stockholders' Equity (Stockhold

Stockholders' Equity (Stockholders' Equity) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 2,489.9	$ 2,420.6
Net income	96.4	119.1
Other comprehensive loss	(25.4)	(26.9)
Shares issued for stock options and employee benefit plans	(8.5)	(2.8)
Share-based compensation	22.9	24.6
Excess tax shortfall from share-based compensation	(8.2)	(1.6)
Dividends declared	(93.6)	(92.9)
Ending balance	$ 2,473.5	$ 2,440.1
Cash dividends declared per common share (USD per share)	$ 0.3375	$ 0.3375
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (shares)	276.6	274.4
Beginning balance	$ 2.8	$ 2.7
Shares issued for stock options and employee benefit plans	0.9	1.2
Shares issued for stock options and employee benefit plans	$ 0	$ 0.1
Ending balance (shares)	277.5	275.6
Ending balance	$ 2.8	$ 2.8
Additional Paid-in- Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	2,754.4	2,646.1
Shares issued for stock options and employee benefit plans	(8.5)	(2.9)
Share-based compensation	22.9	24.6
Excess tax shortfall from share-based compensation	(8.2)	(1.6)
Ending balance	2,760.6	2,666.2
Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(189.6)	(219.5)
Net income	96.4	119.1
Dividends declared	(93.6)	(92.9)
Ending balance	(186.8)	(193.3)
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(77.7)	(8.7)
Other comprehensive loss	(25.4)	(26.9)
Ending balance	$ (103.1)	$ (35.6)

Stockholders' Equity (Accumulat

Stockholders' Equity (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
Accumulated Other Comprehensive Income Loss Net of Tax [Abstract]
Accumulated other comprehensive (loss) income, beginning balance	$ (77.7)	$ (8.7)
Other comprehensive income (loss) before reclassifications	(23)	(26.1)
Less: gains reclassified from accumulated other comprehensive income to earnings	2.4	0.8
Other comprehensive loss, net of tax	(25.4)	(26.9)
Accumulated other comprehensive (loss) income, ending balance	(103.1)	(35.6)
Accumulated other comprehensive income related to cash flow hedges, accumulated tax	(0.8)	(2.5)
Other comprehensive income (loss), reclassification adjustment from AOCI on derivatives, tax	(1.2)	(0.4)
Impairment losses on investments and pension liability gain (loss) in other comprehensive income, tax	0.5	1.5
Gains (Losses) on Cash Flow Hedges
Accumulated Other Comprehensive Income Loss Net of Tax [Abstract]
Accumulated other comprehensive (loss) income, beginning balance	4.4	0.6
Other comprehensive income (loss) before reclassifications	(0.9)	4.6
Less: gains reclassified from accumulated other comprehensive income to earnings	2.4	0.8
Other comprehensive loss, net of tax	(3.3)	3.8
Accumulated other comprehensive (loss) income, ending balance	1.1	4.4
Unrealized Losses on Available- for-Sale Securities
Accumulated Other Comprehensive Income Loss Net of Tax [Abstract]
Accumulated other comprehensive (loss) income, beginning balance	0.5	1.8
Other comprehensive income (loss) before reclassifications	(0.5)	(0.5)
Less: gains reclassified from accumulated other comprehensive income to earnings	0	0
Other comprehensive loss, net of tax	(0.5)	(0.5)
Accumulated other comprehensive (loss) income, ending balance	0	1.3
Cumulative Translation Adjustment
Accumulated Other Comprehensive Income Loss Net of Tax [Abstract]
Accumulated other comprehensive (loss) income, beginning balance	(81.7)	(9.2)
Other comprehensive income (loss) before reclassifications	(21.6)	(30.2)
Less: gains reclassified from accumulated other comprehensive income to earnings	0	0
Other comprehensive loss, net of tax	(21.6)	(30.2)
Accumulated other comprehensive (loss) income, ending balance	(103.3)	(39.4)
Other
Accumulated Other Comprehensive Income Loss Net of Tax [Abstract]
Accumulated other comprehensive (loss) income, beginning balance	(0.9)	(1.9)
Other comprehensive income (loss) before reclassifications	0	0
Less: gains reclassified from accumulated other comprehensive income to earnings	0	0
Other comprehensive loss, net of tax	0	0
Accumulated other comprehensive (loss) income, ending balance	$ (0.9)	$ (1.9)

Earnings Per Share (Reconciliat

Earnings Per Share (Reconciliation of Weighted Average Shares Outstanding and Calculation of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
Earnings Per Share [Abstract]
Net income	$ 96.4	$ 119.1
Total weighted-average basic shares (shares)	277.1	275
Effect of dilutive securities (shares)	1.2	1.4
Total weighted-average diluted shares (shares)	278.3	276.4
Net income per share:
Basic (USD per share)	$ 0.35	$ 0.43
Diluted (USD per share)	$ 0.35	$ 0.43

Earnings Per Share (Anti-Diluti

Earnings Per Share (Anti-Dilutive Impact on Diluted Earnings per Share) (Details) - shares shares in Millions	3 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
Earnings Per Share [Abstract]
Options to purchase shares of common stock excluded from the computation of diluted earnings per share	15.8	12.2

Share-based Compensation (Total

Share-based Compensation (Total Compensation Cost and Related Tax Benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 22.9	$ 24.6
Income tax benefit related to share-based compensation expense	$ 6.9	7.3
2014 Transformation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		2.7
Income tax benefit related to share-based compensation expense		$ 1.1

Share-based Compensation (Summa

Share-based Compensation (Summary of Option Activity) (Details) shares in Millions	3 Months Ended
	Sep. 26, 2015$ / sharesshares
Number of Options Outstanding
Beginning balance (shares)	13.5
Granted (shares)	4.1
Exercised (shares)	(0.1)
Forfeited or expired (shares)	(1.1)
Ending balance (shares)	16.4
Vested and expected to vest (shares)	15.9
Exercisable (shares)	9
Weighted-Average Exercise Price per Option
Beginning balance (USD per share) | $ / shares	$ 42.81
Granted (USD per share) | $ / shares	31.46
Exercised (USD per share) | $ / shares	32.04
Forfeited or expired (USD per share) | $ / shares	36.47
Ending balance (USD per share) | $ / shares	40
Vested and expected to vest (USD per share) | $ / shares	41.71
Exercisable (USD per share) | $ / shares	$ 44.66

Share-based Compensation - (Nar

Share-based Compensation - (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Jun. 27, 2015
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Awards that are based on performance criteria	16.4		13.5
Stock Options
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Total unrecognized compensation cost related to non-vested stock options	$ 37.3
Options outstanding, weighted average remaining contractual term	1 year 2 months 12 days
Weighted-average grant-date fair value of options granted	$ 5.60	$ 6.40
Total intrinsic value of options exercised	$ 0.1	$ 6.3
Total cash received from option exercises	2.5	9
Actual tax benefit realized for the tax deductions from these option exercises	0.1	2.5
Restricted Stock Unit Awards ("RSU") [Member]
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Actual tax benefit realized for the tax deductions from these option exercises	$ 11.4	$ 10.6
Service-based Restricted Stock Units
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Weighted-average grant-date fair value of options granted	$ 31.51	$ 36.27
Total unrecognized compensation cost related to non-vested awards	$ 104.8
Total unrecognized compensation costs related to non-vested awards, weighted average recognition period	1 year 2 months 12 days
Total fair value of shares vested	$ 36.1	$ 38.2
Awards granted (shares)	2
Performance-based Restricted Stock Unit Awards (PRSU)
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Weighted-average grant-date fair value of options granted	$ 31.56	$ 36.27
Total unrecognized compensation cost related to non-vested awards	$ 23.8
Total fair value of shares vested	$ 0.9	$ 0.7
Expected term (years)	1 year 3 months 18 days
Awards granted (shares)	0.3
Total Stockholder Return Performance Restricted Stock Units
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Awards that are based on performance criteria	0.7
Awards granted (shares)	0
Performance-based Restricted Stock Unit, Productivity, Strategic and Sales Metrics
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Awards that are based on performance criteria	0.7

Share-based Compensation (Sum48

Share-based Compensation (Summary of Non-vested Service-Based Restricted Stock Unit Activity) (Details) shares in Millions	3 Months Ended
	Sep. 26, 2015$ / sharesshares
Service-based Restricted Stock Units
Number of Non-vested Options
Beginning balance (shares)	3.3
Granted (shares)	2
Vested, less than .1 million PRSUs (shares)	(1.1)
Forfeited, less than .1 million PRSUs (shares)	(0.1)
Ending balance (shares)	4.1
Weighted- Average Grant- Date Fair Value
Beginning balance (USD per share) | $ / shares	$ 52.39
Granted (USD per share) | $ / shares	31.51
Vested (USD per share) | $ / shares	31.88
Forfeited (USD per share) | $ / shares	41.90
Ending balance (USD per share) | $ / shares	$ 48.11
Performance-based Restricted Stock Unit Awards (PRSU)
Number of Non-vested Options
Beginning balance (shares)	1.1
Granted (shares)	0.3
Vested, less than .1 million PRSUs (shares)	(0.1)
Forfeited, less than .1 million PRSUs (shares)	(0.1)
Change due to performance condition achievement, less than .1 million PRSUs (shares)	0.1
Ending balance (shares)	1.4
Weighted- Average Grant- Date Fair Value
Beginning balance (USD per share) | $ / shares	$ 41.76
Granted (USD per share) | $ / shares	31.56
Vested (USD per share) | $ / shares	31.54
Forfeited (USD per share) | $ / shares	44.92
Change due to performance condition achievement (USD per share) | $ / shares	52.46
Ending balance (USD per share) | $ / shares	$ 39.61

Debt Summary of Debt (Details)

Debt Summary of Debt (Details) - USD ($) $ in Millions	Sep. 26, 2015	Jun. 27, 2015
Current Debt:
Current debt	$ 15	$ 11.3
Long-Term Debt:
Long-term debt	885	888.7
Less: Unamortized Discount and Debt Issuance Costs on 4.250% Senior Notes	(9.4)	(9.6)
Total Long-Term Debt, net	875.6	879.1
Term Loan
Current Debt:
Current debt	15	11.3
Long-Term Debt:
Long-term debt	285	288.7
Revolving Facility
Current Debt:
Current debt	0	0
Senior Notes | 4.250% Senior Notes
Long-Term Debt:
Long-term debt	$ 600	$ 600

Debt (Narrative) (Details)

Debt (Narrative) (Details)	1 Months Ended	3 Months Ended
	Mar. 28, 2015USD ($)	Sep. 26, 2015USD ($)	Sep. 27, 2014USD ($)	Sep. 26, 2015JPY (¥)	Sep. 26, 2015USD ($)	Jun. 27, 2015USD ($)
Debt Instrument [Line Items]
Interest expense		$ 8,000,000	$ 700,000
Repayment in 2020					$ 232,500,000
Senior Unsecured Term Loan | Senior Notes
Debt Instrument [Line Items]
Debt instrument, term	5 years
Debt instrument, face amount	$ 300,000,000
Repayment in 2020	202,500,000
Line of credit facility, interest rate at period end				1.415%	1.415%
Line of credit facility, commitment fee percentage		0.125%
4.250% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 600,000,000
Interest rate, stated percentage	4.25%
Debt instrument, issuance amount, percent of par	99.445%
Long-term debt, maturities, redemption period before maturity	90 days
Debt instrument, redemption price, percentage	100.00%
Long-term debt, fair value					$ 573,000,000	$ 579,000,000
4.250% Senior Notes | Senior Notes | Adjusted Treasury Rate
Debt Instrument [Line Items]
Variable rate	0.35%
Jp Morgan Chase Bank Na
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	$ 700,000,000
Letters of credit amount outstanding					0
Jp Morgan Chase Bank Na | Federal Funds Rate
Debt Instrument [Line Items]
Variable rate	0.50%
Jp Morgan Chase Bank Na | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable rate		1.00%
Japan
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity				¥ 5,300,000,000	44,000,000
Letters of credit amount outstanding			$ 0		$ 0
Japan | Minimum
Debt Instrument [Line Items]
Tokyo Interbank margin, current (basis points)				0.25%	0.25%
Japan | Maximum
Debt Instrument [Line Items]
Tokyo Interbank margin, current (basis points)				0.30%	0.30%

Debt Maturity Schedule (Details

Debt Maturity Schedule (Details) $ in Millions	Sep. 26, 2015USD ($)
Debt Disclosure [Abstract]
2,016	$ 15
2,017	15
2,018	15
2,019	22.5
2,020	232.5
Subsequent to 2020	600
Total future debt repayments	$ 900

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Measurements of Assets and Liabilities) (Details) - USD ($) $ in Millions	Sep. 26, 2015	Jun. 27, 2015
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 266.9	$ 485
Contingent earnout obligation	0	0
Level 1 | Commercial Paper | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 1 | Government Securities | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	62.1	42.8
Level 1 | Government Securities | Long-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	9.3	9.3
Level 1 | Corporate debt securities - U.S. | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 1 | Corporate debt securities - U.S. | Long-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 1 | Corporate debt securities - non-U.S. | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 1 | Corporate debt securities - non-U.S. | Long-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 1 | Inventory-related instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Level 1 | Intercompany loan hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	2	14.7
Contingent earnout obligation	0	0
Level 2 | Commercial Paper | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	23.4	0
Level 2 | Government Securities | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	1.7	0
Level 2 | Government Securities | Long-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 2 | Corporate debt securities - U.S. | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	123.1	110
Level 2 | Corporate debt securities - U.S. | Long-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	56.4	42.6
Level 2 | Corporate debt securities - non-U.S. | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	99.5	74.6
Level 2 | Corporate debt securities - non-U.S. | Long-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	43.1	33.9
Level 2 | Inventory-related instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0.9	3.3
Derivative liabilities	0.6	0.2
Level 2 | Intercompany loan hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0.1	0.1
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Contingent earnout obligation	21.6	19.4
Level 3 | Commercial Paper | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0
Level 3 | Government Securities | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 3 | Government Securities | Long-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 3 | Corporate debt securities - U.S. | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 3 | Corporate debt securities - U.S. | Long-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 3 | Corporate debt securities - non-U.S. | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 3 | Corporate debt securities - non-U.S. | Long-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 3 | Inventory-related instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Level 3 | Intercompany loan hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 0	$ 0

Fair Value Measurements (Fair53

Fair Value Measurements (Fair Value Measured on a Recurring Basis Using Significant Unobservable Inputs) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 26, 2015	Jun. 27, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	$ 19.4	$ 0
Contingent earnout obligation recorded in purchase accounting	0	17.8
Increase to contingent earnout obligation	2.2	1.6
Balance, end of period	$ 21.6	$ 19.4

Investments (Summary of Investm

Investments (Summary of Investments) (Details) - USD ($) $ in Millions	Sep. 26, 2015	Jun. 27, 2015
Schedule of Available-for-sale Securities [Line Items]
Short-term	$ 310.2	$ 234
Long-term	480.4	406
Total	790.6	640
Available-for-sale investments:
Schedule of Available-for-sale Securities [Line Items]
Short-term	309.8	227.4
Long-term	108.8	85.8
Total	418.6	313.2
Available-for-sale investments: | Commercial Paper
Schedule of Available-for-sale Securities [Line Items]
Short-term	23.4	0
Long-term	0	0
Total	23.4	0
Available-for-sale investments: | Government securities - U.S.
Schedule of Available-for-sale Securities [Line Items]
Short-term	63.8	42.8
Long-term	9.3	9.3
Total	73.1	52.1
Available-for-sale investments: | Corporate debt securities - U.S.
Schedule of Available-for-sale Securities [Line Items]
Short-term	123.1	110
Long-term	56.4	42.6
Total	179.5	152.6
Available-for-sale investments: | Corporate debt securities - non-U.S.
Schedule of Available-for-sale Securities [Line Items]
Short-term	99.5	74.6
Long-term	43.1	33.9
Total	142.6	108.5
Held to maturity: | Corporate debt securities - U.S.
Schedule of Available-for-sale Securities [Line Items]
Short-term	0	6.6
Long-term	0	0
Total	0	6.6
Other: | Time Deposits
Schedule of Available-for-sale Securities [Line Items]
Short-term	0.4	0
Long-term	0	0
Total	0.4	0
Other: | Other
Schedule of Available-for-sale Securities [Line Items]
Short-term	0	0
Long-term	371.6	320.2
Total	$ 371.6	$ 320.2

Investments (Summary of Inves55

Investments (Summary of Investments Footnote) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 26, 2015	Jun. 27, 2015
Schedule of Available-for-sale Securities [Line Items]
Equity method investment, ownership percentage	43.00%
Hudson Yards
Schedule of Available-for-sale Securities [Line Items]
Equity method investments	$ 371.6	$ 320.2
Minimum
Schedule of Available-for-sale Securities [Line Items]
Time deposit, maturity period	3 months

Commitments and Contingencies -

Commitments and Contingencies - (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Jun. 27, 2015
Commitments and Contingencies Disclosure [Line Items]
Amount invested in joint venture during the period	$ 51.4
Increase in capital expenditures	69.5	$ 40.4
Letter of Credit
Commitments and Contingencies Disclosure [Line Items]
Letters of credit amount outstanding	6.8		$ 6.8
Hudson Yards
Commitments and Contingencies Disclosure [Line Items]
Equity method investments	371.6		$ 320.2
Joint venture agreement, expected investment amount	158
Increase in capital expenditures	11.3
Expected capital expenditures incurred	$ 175

Segment Information (Narrative)

Segment Information (Narrative) (Details)	3 Months Ended
	Sep. 26, 2015countrysegment
Segment Reporting [Abstract]
Reportable segments | segment	3
Number of countries with sales to wholesale customers and distributors (country)	50

Segment Information (Summary of

Segment Information (Summary of Segment Information) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
Segment Reporting Information [Line Items]
Net sales	$ 1,030.3	$ 1,038.8
Gross profit	696.5	715.4
Operating income (loss)	141.4	179.8
Income (loss) before provision for income taxes	134.7	180.5
Depreciation and amortization expense	57.2	56.5
Additions to long-lived assets	69.5	40.4
Transformation-related charges	2.8	13.2
Operating Segments | North America
Segment Reporting Information [Line Items]
Net sales	561	633.7
Gross profit	348.9	408
Operating income (loss)	171.7	221.5
Income (loss) before provision for income taxes	171.7	221.5
Depreciation and amortization expense	15.8	13
Additions to long-lived assets	21.8	20
Operating Segments | International
Segment Reporting Information [Line Items]
Net sales	369	381
Gross profit	282.2	295.4
Operating income (loss)	107.2	118
Income (loss) before provision for income taxes	107.2	118
Depreciation and amortization expense	16.8	15.7
Additions to long-lived assets	31.4	13.9
Operating Segments | Other
Segment Reporting Information [Line Items]
Net sales	12.8	24.1
Gross profit	8.4	11.4
Operating income (loss)	6.1	9.3
Income (loss) before provision for income taxes	6.1	9.3
Depreciation and amortization expense	0	0
Additions to long-lived assets	0	0
Operating Segments | Stuart Weitzman
Segment Reporting Information [Line Items]
Net sales	87.5	0
Gross profit	49.7	0
Operating income (loss)	7.7	0
Income (loss) before provision for income taxes	7.7	0
Depreciation and amortization expense	7.5	0
Additions to long-lived assets	1.7	0
Corporate Unallocated | Corporate Unallocated
Segment Reporting Information [Line Items]
Net sales	0	0
Gross profit	7.3	0.6
Operating income (loss)	(151.3)	(169)
Income (loss) before provision for income taxes	(158)	(168.3)
Depreciation and amortization expense	17.1	27.8
Additions to long-lived assets	$ 14.6	$ 6.5

Segment Information (Summary 59

Segment Information (Summary of Common Costs Not Allocated) (Details) - USD ($)	3 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
Segment Reporting, Other Significant Reconciling Item [Line Items]
Operating income	$ 141,400,000	$ 179,800,000
Corporate Unallocated | Corporate Unallocated
Segment Reporting, Other Significant Reconciling Item [Line Items]
Inventory-related costs	7,300,000	600,000
Advertising, marketing and design	(63,100,000)	(53,900,000)
Administration and information systems	(80,300,000)	(98,800,000)
Distribution and customer service	(15,200,000)	(16,900,000)
Operating income	(151,300,000)	(169,000,000)
Production Variances	7,300,000	4,600,000
Transformation and other-related charges related to inventory	0	(4,000,000)
Transformation and other-related costs related to administration and information systems	(12,600,000)	(33,100,000)
Acquisition-related expenses	$ (3,600,000)	$ 0