Tapestry (TPR) 10-Q 4 May 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 26, 2016	Apr. 22, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 26, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
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		278,029,674

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 26, 2016	Jun. 27, 2015
Current Assets:
Cash and cash equivalents	$ 821.6	$ 1,291.8
Short-term investments	460.8	234
Trade accounts receivable, less allowances of $2.6 and $3.1, respectively	263.2	219.5
Inventories	464.1	485.1
Deferred income taxes	92.7	98.4
Prepaid expenses	76.8	73.1
Other current assets	85.9	104.6
Total current assets	2,265.1	2,506.5
Property and equipment, net	823.2	732.6
Long-term investments	567.9	406
Goodwill	453.4	434.2
Intangible assets	349.8	359.9
Other assets	217.1	227.7
Total assets	4,676.5	4,666.9
Current Liabilities:
Accounts payable	174.6	222.8
Accrued liabilities	541.9	600.6
Current debt	15	11.3
Total current liabilities	731.5	834.7
Long-term debt	868.5	879.1
Other liabilities	451.1	463.2
Total liabilities	$ 2,051.1	$ 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 277.9 million and 276.6 million shares, respectively	2.8	2.8
Additional paid-in-capital	2,806.4	2,754.4
Accumulated deficit	(91.7)	(189.6)
Accumulated other comprehensive loss	(92.1)	(77.7)
Total stockholders' equity	2,625.4	2,489.9
Total liabilities and stockholders' equity	$ 4,676.5	$ 4,666.9

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 26, 2016	Jun. 27, 2015
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 2.6	$ 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)	277,900,000	276,600,000
Common stock, outstanding (shares)	277,900,000	276,600,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Income Statement [Abstract]
Net sales	$ 1,033.1	$ 929.3	$ 3,337.2	$ 3,187.5
Cost of sales	320.1	263.8	1,068.6	966.6
Gross profit	713	665.5	2,268.6	2,220.9
Selling, general and administrative expenses	578.7	541.5	1,731.9	1,641.7
Operating income	134.3	124	536.7	579.2
Interest (expense) income, net	(6.5)	(1.2)	(19.5)	(0.1)
Income before provision for income taxes	127.8	122.8	517.2	579.1
Provision for income taxes	15.3	34.7	138.2	188.4
Net income	$ 112.5	$ 88.1	$ 379	$ 390.7
Net income per share:
Basic (USD per share)	$ 0.40	$ 0.32	$ 1.37	$ 1.42
Diluted (USD per share)	$ 0.40	$ 0.32	$ 1.36	$ 1.41
Shares used in computing net income per share:
Basic (shares)	277.8	275.9	277.4	275.5
Diluted (shares)	279.5	277.4	278.7	276.8
Cash dividends declared per common share (USD per share)	$ 0.3375	$ 0.3375	$ 1.0125	$ 1.0125

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 112.5	$ 88.1	$ 379	$ 390.7
Other comprehensive income (loss), net of tax:
Unrealized (losses) gains on cash flow hedging derivatives, net	(4.5)	(2.4)	(8.2)	5.2
Unrealized gains (losses) on available-for-sale investments, net	0.4	0.5	(1.5)	(1.1)
Foreign currency translation adjustments	20.3	(2.1)	(4.7)	(69.7)
Other comprehensive income (loss), net of tax	16.2	(4)	(14.4)	(65.6)
Comprehensive income	$ 128.7	$ 84.1	$ 364.6	$ 325.1

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 379	$ 390.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	156.6	137.2
Provision for bad debt	2.2	1.5
Share-based compensation	65.7	67
Excess tax shortfall from share-based compensation	10.3	4.7
Transformation and other actions	9.5	38.9
Deferred income taxes	17.4	16.7
Other non-cash charges, net	(5.9)	(6.4)
Changes in operating assets and liabilities:
Trade accounts receivable	(47.2)	(10)
Inventories	21.1	31.4
Accounts payable	(49)	14.9
Accrued liabilities	(38.3)	22.4
Other liabilities	(24.6)	(7.6)
Other balance sheet changes, net	12.4	49.4
Net cash provided by operating activities	509.2	750.8
CASH FLOWS USED IN INVESTING ACTIVITIES
Acquisition of interest in equity method investment	(118.1)	(97.4)
Purchases of property and equipment	(276.4)	(124.5)
Purchases of investments	(545)	(50.5)
Proceeds from maturities and sales of investments	272.9	265.8
Acquisition of lease rights	(8.3)	(11.6)
Net cash used in investing activities	(674.9)	(18.2)
CASH FLOWS (USED IN) PROVIDED BY FINANCING ACTIVITIES
Dividend payments	(280.7)	(278.6)
Proceeds from issuance of long-term debt, net of discount	0	896.7
Debt Issuance costs	0	(6.6)
Repayment of debt	(7.5)	(0.5)
Proceeds from share-based awards	8.8	21.7
Borrowings under revolving credit facility	0	340
Repayment of revolving credit facility	0	(480)
Taxes paid to net settle share-based awards	(14.9)	(14.9)
Excess tax shortfall from share-based compensation	(10.3)	(4.7)
Acquisition-related payment of contingent consideration	0	(3.8)
Net cash (used in) provided by financing activities	(304.6)	469.3
Effect of exchange rate changes on cash and cash equivalents	0.1	(11.8)
(Decrease) increase in cash and cash equivalents	(470.2)	1,190.1
Cash and cash equivalents at beginning of period	1,291.8	591.9
Cash and cash equivalents at end of period	821.6	1,782
Supplemental information:
Cash paid for income taxes, net	124.7	133.3
Cash paid for interest	19.5	1.4
Noncash investing activity - property and equipment obligations	$ 32.2	$ 31.7

Nature of Operations

Nature of Operations	9 Months Ended
	Mar. 26, 2016
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 primarily 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, the Netherlands and Switzerland. Additionally, International includes sales to consumers through the Internet in Japan, mainland China, the United Kingdom and South Korea, as well as sales to wholesale customers and distributors in approximately 50 countries. The Stuart Weitzman segment includes worldwide sales generated by the Stuart Weitzman brand, primarily through department stores in North America, international distributors and within Stuart Weitzman operated stores (including the Internet) in the United States and Europe. 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	9 Months Ended
	Mar. 26, 2016
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 and nine months ended March 26, 2016 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 third quarter of fiscal 2016 ended on March 26, 2016 and was a 13-week period. The third quarter of fiscal 2015 ended on March 28, 2015 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	9 Months Ended
	Mar. 26, 2016
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently Adopted 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 ," ("ASU No. 2015-16") 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 are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, with early adoption permitted. The Company elected to early adopt this guidance during the third quarter of fiscal 2016, with no material effect on the Company's consolidated financial statements or notes thereto. Refer to Note 5, "Acquisitions," for further discussion. Recently Issued Accounting Pronouncements Not Yet Adopted In March 2016, the FASB issued ASU No. 2016-09, " Improvements to Employee Share-Based Payment Accounting (Topic 718), " which simplifies several aspects of the accounting for share-based payment transactions, including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification in the statement of cash flows. Most notably, the Company will be required to recognize all excess tax benefits and shortfalls as income tax expense or benefit in the income statement within the reporting period in which they occur. The requirements of the new standard will be effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual reporting periods, which for the Company is the first quarter of fiscal 2018. Early adoption is permitted. The Company is in the process of determining the impact of the adoption of this guidance on its consolidated financial statements or notes thereto. In February 2016, the FASB issued ASU No. 2016-02, " Leases (Topic 842), " which is intended to increase transparency and comparability among companies that enter into leasing arrangements. This ASU requires recognition of lease assets and lease liabilities on the balance sheet for nearly all leases (other than short-term leases), as well as a retrospective recognition and measurement of existing impacted leases. The requirements of the new standard will be effective for annual reporting periods beginning after December 15, 2018, and interim periods within those annual periods, which for the Company is the first quarter of fiscal 2020. Early adoption is permitted. The new standard is required to be applied with a modified retrospective approach to each prior reporting period with various optional practical expedients. The Company is in the process of determining the impact of the adoption of this guidance on its consolidated financial statements or notes thereto, however it does anticipate that the new guidance will have a significant impact on its consolidated financial statements given its portfolio of lease arrangements. This guidance is not expected, however, to have a material impact on the Company's liquidity. In January 2016, the FASB issued ASU No. 2016-01, " Recognition and Measurement of Financial Assets and Financial Liabilities. " Under the ASU, equity investments not accounted for under the equity method of accounting or consolidation accounting must be measured at fair value with changes in fair value recognized in net income. The ASU also requires public entities to use the exit price notion when measuring fair value for disclosure. Financial assets and liabilities must be presented separately by measurement category and form on the balance sheet or within the notes to the financial statements. Additionally, public entities no longer have to disclose the methods and assumptions used to estimate fair value for assets measured at amortized cost. The requirements of the new standard will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, which for the Company is the first quarter of fiscal 2019. Early adoption is permitted. The Company is in the process of determining the impact of the adoption of this guidance on its consolidated financial statements or notes thereto. In November 2015, the FASB issued ASU No. 2015-17, " Balance Sheet Classification of Deferred Taxes. " Under the ASU, all deferred tax assets and liabilities are required to be classified as noncurrent in the balance sheets. The requirements of the new standard will be effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years, which for the Company is the first quarter of fiscal 2018. Early adoption is permitted. The adoption of this guidance will result in the reclassification of deferred tax assets and liabilities currently included in current assets and liabilities, to noncurrent assets and liabilities on the Condensed Consolidated Balance Sheets. 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 in the process of determining the impact of the adoption of this guidance on its consolidated financial statements or notes thereto.

Restructuring Activities

Restructuring Activities	9 Months Ended
	Mar. 26, 2016
Restructuring and Related Activities [Abstract]
Restructuring Activities	Restructuring Activities Transformation Plan 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 the end of 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 March 26, 2016 , the Company expects to incur aggregate pre-tax charges of about $325 million , in total, under the Transformation Plan. Total life-to-date charges incurred under the Transformation Plan through March 26, 2016 were $313.3 million . During the three and nine months ended March 26, 2016 , the Company incurred transformation-related charges of $9.4 million ( $6.4 million after-tax, or $0.02 per diluted share) and $35.9 million ( $26.9 million after-tax, or $0.10 per diluted share), respectively, primarily due to organizational efficiency costs and accelerated depreciation as a result of store renovations, within North America and select International stores. For the three and nine months ended March 26, 2016 , the charges recorded in selling, general and administrative ("SG&A") expenses were $9.4 million and $35.9 million , respectively and no charges were recorded in cost of sales. During the three and nine months ended March 28, 2015 , the Company incurred transformation-related charges of $22.5 million , ( $12.1 million after-tax, or $0.04 per diluted share) and $79.7 million ( $53.2 million after-tax, or $0.19 per diluted share), respectively, primarily associated with the Company's North America business, related to accelerated depreciation and lease termination charges as a result of store updates and closures, organizational efficiency charges and charges related to the destruction of inventory. For the three and nine months ended March 28, 2015 , the charges recorded in SG&A expenses were $22.5 million and $74.7 million, respectively, and the charges recorded in cost of sales were $0.0 million and $5.0 million , respectively. 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 — 11.1 22.4 2.4 35.9 Cash payments — (4.6 ) (28.4 ) (5.1 ) (38.1 ) Non-cash adjustments — (8.9 ) — (0.6 ) (9.5 ) Balance at March 26, 2016 $ — $ 0.1 $ 6.0 $ — $ 6.1 (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 March 26, 2016 and June 27, 2015, a reserve of $10.6 million and $11.1 million is included within Inventories on the Company's Condensed Consolidated Balance Sheets, respectively. (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 employees. (4) Other charges primarily 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 March 26, 2016 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 $15 million during the fourth quarter of 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. Operational Efficiency Plan On April 26, 2016, the Company announced a plan (the “Operational Efficiency Plan”) to enhance organizational efficiency, update core technology platforms, and streamline its supply chain network. The Operational Efficiency Plan was adopted as a result of a strategic review of the Company’s corporate structure which focused on creating an agile and scalable business model. As a result of this Operational Efficiency Plan, the Company expects to incur pre-tax charges of approximately $ 65 - 80 million (primarily within corporate unallocated SG&A expenses), which will be reflected beginning in its fiscal 2016 fourth quarter results, and will be substantially complete by the end of fiscal year 2017. Approximately $ 55 - 65 million of these charges will be cash. The Company has determined that approximately $ 45 - 55 million of these charges will be related to organizational efficiencies, which will consist primarily of corporate employee severance and related costs, as well as consulting fees related to process and organizational optimization and accelerated depreciation associated with the retirement of information technology systems. Approximately $15 million of these charges will be related to the initial costs of replacing and updating the Company’s core technology platforms, allowing the Company to support a scalable business model. The remaining $ 5 - 10 million of these charges will be related to network optimization, consisting of office location and supply chain consolidations.

Acquisitions

Acquisitions	9 Months Ended
	Mar. 26, 2016
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 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 Measurement Period Adjustments (6) Adjusted Fair Value Cash and cash equivalents $ 11.5 $ — $ 11.5 Trade accounts receivable 34.0 — 34.0 Inventories (1) 32.9 — 32.9 Prepaid expenses and other current assets 5.2 (2.1 ) 3.1 Property and equipment, net 28.3 (2.0 ) 26.3 Goodwill (2) 125.8 3.6 129.4 Trademarks and trade names (3) 267.0 — 267.0 Other intangible assets (4) 87.0 1.1 88.1 Deferred income taxes 7.1 (0.1 ) 7.0 Other assets 2.3 2.3 Total assets acquired 601.1 0.5 601.6 Accounts Payable and accrued liabilities 15.7 0.5 16.2 Other liabilities (5) 54.3 — 54.3 Total liabilities assumed 70.0 0.5 70.5 Total purchase price 531.1 — 531.1 Less: Cash acquired (11.5 ) — (11.5 ) Total purchase price, net of cash acquired $ 519.6 $ — $ 519.6 (1) Included a step-up adjustment of approximately $5.6 million , which was amortized over 4 months . (2) Approximately $42 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, net of approximately $25.7 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, net were valued based on a comparison of market participant information and Company-specific lease terms. (5) Included within Other liabilities was 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 March 26, 2016 . (6) During the nine months ended March 26, 2016, and in accordance with the early adoption of ASU No. 2015-16, the Company made certain measurement period adjustments to provisional amounts primarily related to the fair value of acquired property and equipment, deferred income taxes, favorable lease rights, as well as certain working capital accounts. These adjustments were the result of new information obtained about facts and circumstances that existed as of the date of acquisition. The $3.6 million net impact of these adjustments on the Condensed Consolidated Balance Sheets has been adjusted through goodwill, as noted above. Furthermore, the net impact on current earnings was less than $0.1 million and recorded within Selling, general and administrative expenses within the Condensed Consolidated Statements of Income. During the nine months ended March 26, 2016 and March 28, 2015 , the Company incurred pre-tax costs directly associated with the acquisition of $0.0 million and $3.5 million , respectively, recorded within SG&A expenses.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Mar. 26, 2016
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 15.8 (0.2 ) 15.6 Purchase accounting adjustment $ — $ 3.6 $ 3.6 Balance at March 26, 2016 $ 324.2 $ 129.2 $ 453.4 Other Intangible Assets Other intangible assets consist of the following (in millions): March 26, 2016 June 27, 2015 Gross Accum. Net Gross Accum. Net Intangible assets subject to amortization: Customer relationships $ 54.7 $ (4.5 ) $ 50.2 $ 54.7 $ (0.8 ) $ 53.9 Order backlog 7.7 (7.7 ) — 7.7 (2.6 ) 5.1 Favorable lease rights, net (1) 25.7 (2.9 ) 22.8 24.6 (0.5 ) 24.1 Total intangible assets subject to amortization 88.1 (15.1 ) 73.0 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 $ 364.9 $ (15.1 ) $ 349.8 $ 363.8 $ (3.9 ) $ 359.9 (1) See Note 5, "Acquisitions" for information regarding the increase to favorable lease rights, net. Amortization Based on the balance of the Company's intangible assets subject to amortization as of March 26, 2016 , 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 $ 2.1 Fiscal 2017 7.2 Fiscal 2018 6.7 Fiscal 2019 6.7 Fiscal 2020 6.4 Fiscal 2021 6.1 Fiscal 2022 and thereafter 37.8 Total $ 73.0 The expected future amortization expense above reflects remaining useful lives of 14.1 years for customer relationships and the remaining lease terms ranging from approximately 1 to 10 years for favorable lease rights, net.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Mar. 26, 2016
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 — — — 390.7 — 390.7 Other comprehensive loss — — — — (65.6 ) (65.6 ) Shares issued for stock options and employee benefit plans 1.7 0.1 6.8 — — 6.9 Share-based compensation — — 71.5 — — 71.5 Excess tax shortfall from share-based compensation — — (4.7 ) — — (4.7 ) Dividends declared ($1.0125 per share) — — — (279.1 ) — (279.1 ) Balance at March 28, 2015 276.1 $ 2.8 $ 2,719.7 $ (107.9 ) $ (74.3 ) $ 2,540.3 Balance at June 27, 2015 276.6 $ 2.8 $ 2,754.4 $ (189.6 ) $ (77.7 ) $ 2,489.9 Net income — — — 379.0 — 379.0 Other comprehensive loss — — — — (14.4 ) (14.4 ) Shares issued for stock options and employee benefit plans 1.3 — (3.4 ) — — (3.4 ) Share-based compensation — — 65.7 — — 65.7 Excess tax shortfall from share-based compensation — — (10.3 ) — — (10.3 ) Dividends declared ($1.0125 per share) — — — (281.1 ) — (281.1 ) Balance at March 26, 2016 277.9 $ 2.8 $ 2,806.4 $ (91.7 ) $ (92.1 ) $ 2,625.4 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 9.6 (1.1 ) (69.7 ) — (61.2 ) Less: gains reclassified from accumulated other comprehensive income to earnings 4.4 — — — 4.4 Net current-period other comprehensive income (loss) 5.2 (1.1 ) (69.7 ) — (65.6 ) Balances at March 28, 2015 $ 5.8 $ 0.7 $ (78.9 ) $ (1.9 ) $ (74.3 ) Balances at June 27, 2015 $ 4.4 $ 0.5 $ (81.7 ) $ (0.9 ) $ (77.7 ) Other comprehensive loss before reclassifications (4.4 ) (1.5 ) (4.7 ) — (10.6 ) Less: gains reclassified from accumulated other comprehensive income to earnings 3.8 — — — 3.8 Net current-period other comprehensive loss (8.2 ) (1.5 ) (4.7 ) — (14.4 ) Balances at March 26, 2016 $ (3.8 ) $ (1.0 ) $ (86.4 ) $ (0.9 ) $ (92.1 ) (1) The ending balances of AOCI related to cash flow hedges are net of tax of $1.6 million and ($3.2) million as of March 26, 2016 and March 28, 2015 , respectively. The amounts reclassified from AOCI are net of tax of ($1.9) million and ($2.3) million as of March 26, 2016 and March 28, 2015 , respectively. (2) As of March 26, 2016 and March 28, 2015 , Other represents the accumulated loss on the Company's minimum pension liability adjustment. The balances at March 26, 2016 and March 28, 2015 are net of tax of $0.5 million and $1.5 million, respectively.

Earnings per Share

Earnings per Share	9 Months Ended
	Mar. 26, 2016
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 Nine Months Ended March 26, March 28, March 26, March 28, (millions, except per share data) Net income $ 112.5 $ 88.1 $ 379.0 $ 390.7 Total weighted-average basic shares outstanding 277.8 275.9 277.4 275.5 Dilutive securities: Effect of dilutive securities 1.7 1.5 1.3 1.3 Total weighted-average diluted shares 279.5 277.4 278.7 276.8 Net income per share: Basic $ 0.40 $ 0.32 $ 1.37 $ 1.42 Diluted $ 0.40 $ 0.32 $ 1.36 $ 1.41 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 March 26, 2016 and March 28, 2015 , there were approximately 11.0 million and 6.9 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	9 Months Ended
	Mar. 26, 2016
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 share based compensation plans and the related tax benefits recognized in the condensed consolidated statements of income for the periods indicated: Three Months Ended Nine Months Ended March 26, March 28, 2015 (1) March 26, March 28, 2015 (1) (millions) Share-based compensation expense $ 21.2 $ 24.4 $ 65.7 $ 71.5 Income tax benefit related to share-based compensation expense 5.6 7.4 19.8 21.7 (1) During the three and nine months ended March 28, 2015 , the Company incurred approximately $1.7 million and $4.5 million of share-based compensation expense, respectively, related to organizational efficiency costs under the Company's Transformation Plan as a result of the accelerated vesting of certain awards. See Note 4, "Restructuring Activities," for more information. Approximately $0.6 million and $1.7 million of income tax benefit is associated with the share-based compensation expense for the three and nine months ended March 28, 2015 , respectively. Stock Options A summary of stock option activity during the nine months ended March 26, 2016 is as follows: Number of Options Outstanding Weighted-Average Exercise Price per Option (millions) Outstanding at June 27, 2015 13.5 $ 42.81 Granted 4.4 31.53 Exercised (0.2 ) 35.25 Forfeited or expired (1.7 ) 39.40 Outstanding at March 26, 2016 16.0 40.16 Vested and expected to vest at March 26, 2016 15.4 41.62 Exercisable at March 26, 2016 8.8 44.49 At March 26, 2016 , $28.3 million of total unrecognized compensation cost related to non-vested stock option awards is expected to be recognized over a weighted-average period of 1.1 years. The weighted-average grant-date fair value of options granted during the nine months ended March 26, 2016 and March 28, 2015 was $5.64 and $6.41 , respectively. The total intrinsic value of options exercised during the nine months ended March 26, 2016 and March 28, 2015 was $0.9 million and $9.4 million, respectively. The total cash received from option exercises was $7.5 million for the nine months ended March 26, 2016 and $19.9 million for the nine months ended March 28, 2015 , and the cash tax benefit realized for the tax deductions from these option exercises was approximately $0.3 million and $3.6 million, respectively. Service-based Restricted Stock Unit Awards ("RSUs") A summary of service-based RSU activity during the nine months ended March 26, 2016 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 2.2 31.49 Vested (1.4 ) 32.36 Forfeited (0.3 ) 38.51 Non-vested at March 26, 2016 3.8 48.59 At March 26, 2016 , $73.7 million of total unrecognized compensation cost related to non-vested share awards is expected to be recognized over a weighted-average period of 1.0 years. The weighted-average grant-date fair value of share awards granted during the nine months ended March 26, 2016 and March 28, 2015 was $31.49 and $36.26 , respectively. The total fair value of shares vested during the nine months ended March 26, 2016 and March 28, 2015 was $44.1 million and $45.5 million, respectively. Performance-based Restricted Stock Unit Awards ("PRSUs") A summary of PRSU activity during the nine months ended March 26, 2016 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 0.4 31.36 Change due to performance condition achievement (1) — 55.07 Vested (1) — 30.93 Forfeited (1) — 45.46 Non-vested at March 26, 2016 1.5 39.03 (1) During the first nine months ended March 26, 2016 , 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 March 26, 2016 , $16.9 million of total unrecognized compensation cost related to non-vested PRSU awards is expected to be recognized over a weighted-average period of 1.1 years. Included in the non-vested amount at March 26, 2016 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 nine months ended March 26, 2016 with this performance criteria. The remaining 0.8 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 nine months ended March 26, 2016 and March 28, 2015 was $31.36 and $36.28 , respectively. The total fair value of awards that vested during the nine months ended March 26, 2016 and March 28, 2015 was $1.4 million and $0.7 million, respectively. In the nine months ended March 26, 2016 and March 28, 2015 , the cash tax benefit realized for the tax deductions from all RSUs (service and performance-based) was $13.8 million and $19.9 million, respectively.

Debt

Debt	9 Months Ended
	Mar. 26, 2016
Debt Disclosure [Abstract]
Debt	Debt The following table summarizes the components of the Company’s outstanding debt: March 26, 2016 June 27, 2015 (millions) Current Debt: Term Loan $ 15.0 $ 11.3 Total Current Debt $ 15.0 $ 11.3 Long-Term Debt: Term Loan $ 277.5 $ 288.7 4.250% Senior Notes 600.0 600.0 Total Long-Term Debt 877.5 888.7 Less: Unamortized Discount and Debt Issuance Costs on 4.250% Senior Notes (9.0 ) (9.6 ) Total Long-Term Debt, net $ 868.5 $ 879.1 During the three and nine months ended March 26, 2016 , the Company recognized interest expense related to its outstanding debt of $8.3 million and $24.4 million , respectively. During the three and nine months ended March 28, 2015 , the Company recognized interest expense related to its outstanding debt of $2.6 million and $4.0 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 March 26, 2016 , 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 March 26, 2016 , the interest rate on these borrowings was 1.860% and the commitment fee was 0.150% . The fair value of the outstanding balance of the Term Loan as of March 26, 2016 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. At March 26, 2016 and June 27, 2015 , the fair value of the 4.250% Senior Notes was approximately $598 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 March 26, 2016 , the Company's aggregate maturities of total debt are as follows (in millions): Fiscal Year Amount Remainder of Fiscal 2016 $ 7.5 2017 15.0 2018 15.0 2019 22.5 2020 232.5 Subsequent to 2020 600.0 Total future debt repayments $ 892.5 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 $47 million , as of March 26, 2016 . Interest is based on the Tokyo Interbank rate plus a margin of 25 to 30 basis points. During the three and nine months ended March 26, 2016 and March 28, 2015 , 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	9 Months Ended
	Mar. 26, 2016
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 March 26, 2016 and June 27, 2015 (in millions): Level 1 Level 2 Level 3 March 26, June 27, March 26, June 27, March 26, June 27, Assets: Cash equivalents (1) $ 103.7 $ 485.0 $ 0.4 $ 14.7 $ — $ — Short-term investments : Time deposits (2) — — 0.6 — — — Commercial paper (2) — — 47.6 — — — Government securities - U.S. (2) 147.6 42.8 19.4 — — — Corporate debt securities - U.S. (2) — — 128.2 110.0 — — Corporate debt securities - non U.S. (2) — — 117.4 74.6 — — Long-term investments : Government securities - U.S. (3) — 9.3 — — — — Corporate debt securities - U.S. (3) — — 85.4 42.6 — — Corporate debt securities - non U.S. (3) — — 44.2 33.9 — — Derivative Assets : Inventory-related instruments (4) — — 0.3 3.3 — — Intercompany loan hedges (4) — — 0.3 0.1 — — Liabilities: Contingent earnout obligation (5) $ — $ — $ — $ — $ 26.2 $ 19.4 Derivative liabilities : Inventory-related instruments (4) — — 5.5 0.2 — — Intercompany loan hedges (4) — — — — — — (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 as of June 27, 2015 were recorded at amortized cost, which approximated fair value. (3) Fair value is primarily determined using vendor or broker priced securities in active markets. These securities have maturity dates in calendar years 2017 and 2018. (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 nine months ended March 26, 2016 and June 27, 2015 . Level 3 liabilities consisted of the contingent earnout obligation related to the Stuart Weitzman acquisition. March 26, 2016 June 27, 2015 (millions) Balance, beginning of period $ 19.4 $ — Contingent earnout obligation recorded in purchase accounting — 17.8 Increase to contingent earnout obligation 6.8 1.6 Balance, end of period $ 26.2 $ 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	9 Months Ended
	Mar. 26, 2016
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 March 26, 2016 and June 27, 2015 : March 26, 2016 June 27, 2015 Short-term Long-term Total Short-term Long-term Total (millions) Available-for-sale investments: Commercial paper (1) $ 47.6 $ — $ 47.6 $ — $ — $ — Government securities - U.S. (2) 167.0 — 167.0 42.8 9.3 52.1 Corporate debt securities - U.S. (2) 128.2 85.4 213.6 110.0 42.6 152.6 Corporate debt securities - non-U.S. (2) 117.4 44.2 161.6 74.6 33.9 108.5 Available-for-sale investments, total $ 460.2 $ 129.6 $ 589.8 $ 227.4 $ 85.8 $ 313.2 Held to maturity: Corporate debt securities - U.S. (3) $ — $ — $ — $ 6.6 $ — $ 6.6 Other: Time deposits (1) 0.6 — 0.6 — — — Other (4) — 438.3 438.3 — 320.2 320.2 Total Investments $ 460.8 $ 567.9 $ 1,028.7 $ 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 2016 and 2018 and are recorded at fair value. (3) These securities were recorded at amortized cost which approximated fair value utilizing Level 2 information. (4) 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. 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 March 26, 2016 and June 27, 2015 .

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Mar. 26, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies As of March 26, 2016 , 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, which will serve as the Company's new corporate headquarters, has commenced. Upon expected completion of the office tower in fiscal 2016, in the absence of an executed sale-leaseback arrangement, the Company will retain its ownership interest in the joint venture. During the three and nine months ended March 26, 2016 , the Company invested $31.5 million and $118.1 million in the joint venture, respectively. Since the formation of the Hudson Yards joint venture, the Company has invested $438.3 million . The Company expects to further invest approximately $93 million, primarily through 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 three and nine months ended March 26, 2016 , $35.7 million and $103.1 million was included in capital expenditures, respectively, and the Company expects approximately another $85 million over the remaining period of construction. 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. The Company had standby letters of credit totaling $6.8 million outstanding at both March 26, 2016 and June 27, 2015 . The letters of credit, which expire at various dates through 2017, 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. Lease Obligations During the third quarter of fiscal 2016, the Company entered into a 10-year lease for a space that will contain both a Coach brand and Stuart Weitzman brand store on Fifth Avenue in New York City. The total commitment related to this lease is $215.0 million , with minimum lease payments of $10.0 million due in fiscal 2017, $20.0 million due each year from fiscal 2018 through 2021, and aggregate minimum lease payments of $125.0 million for fiscal 2022 through fiscal 2027. The Company expects to take possession of this property in the fourth quarter of fiscal 2016. During the third quarter of fiscal 2016, the Company entered into a 15-year lease for a space that contains a Coach brand and Stuart Weitzman brand store on Regent Street in London. The total commitment related to this lease is approximately $68 million , with minimum lease payments of $1.2 million due in fiscal 2016, $4.5 million due each year from fiscal 2017 through fiscal 2030, and $3.4 million due in fiscal 2031. The Company took possession of this property in the third quarter of fiscal 2016.

Segment Information

Segment Information	9 Months Ended
	Mar. 26, 2016
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, the Netherlands and Switzerland. Additionally, International includes sales to consumers through the Internet in Japan, mainland China, the United Kingdom and South Korea, as well as sales to wholesale customers and distributors in approximately 50 countries. • Stuart Weitzman, which includes worldwide sales generated by the Stuart Weitzman brand , primarily through department stores in North America, international distributors, and within Stuart Weitzman operated stores (including the Internet) in the United States and Europe. The following table summarizes segment performance for the three and nine months ended March 26, 2016 and March 28, 2015 (in millions): North America International Other (1) Corporate Unallocated (2) Stuart Weitzman Total Three Months Ended March 26, 2016 Net sales $ 498.9 $ 448.2 $ 6.8 $ — $ 79.2 $ 1,033.1 Gross profit 309.1 338.0 5.8 14.0 46.1 713.0 Operating income (loss) 135.5 151.7 4.0 (161.6 ) 4.7 134.3 Income (loss) before provision for income taxes 135.5 151.7 4.0 (168.1 ) 4.7 127.8 Depreciation and amortization expense (3) 14.5 16.7 — 17.1 3.1 51.4 Additions to long-lived assets 26.9 25.7 — 44.6 3.7 100.9 Three Months Ended March 28, 2015 Net sales $ 493.2 $ 428.1 $ 8.0 $ — $ — $ 929.3 Gross profit 313.9 328.4 7.3 15.9 — 665.5 Operating income (loss) 134.3 140.1 4.3 (154.7 ) — 124.0 Income (loss) before provision for income taxes 134.3 140.1 4.3 (155.9 ) — 122.8 Depreciation and amortization expense (3) 16.6 16.2 — 23.8 — 56.6 Additions to long-lived assets 20.3 19.1 — 5.5 — 44.9 Nine Months Ended March 26, 2016 Net sales $ 1,790.9 $ 1,254.5 $ 31.1 $ — $ 260.7 $ 3,337.2 Gross profit 1,105.3 947.6 23.8 35.6 156.3 2,268.6 Operating income (loss) 555.4 389.5 16.5 (455.4 ) 30.7 536.7 Income (loss) before provision for income taxes 555.4 389.5 16.5 (474.9 ) 30.7 517.2 Depreciation and amortization expense (3) 46.6 50.4 — 51.9 15.9 164.8 Additions to long-lived assets 63.6 79.3 — 126.2 7.3 276.4 Nine Months Ended March 28, 2015 Net sales $ 1,911.5 $ 1,229.6 $ 46.4 $ — $ — $ 3,187.5 Gross profit 1,224.0 946.2 28.4 22.3 — 2,220.9 Operating income (loss) 652.1 386.5 20.6 (480.0 ) — 579.2 Income (loss) before provision for income taxes 652.1 386.5 20.6 (480.1 ) — 579.1 Depreciation and amortization expense (3) 46.1 47.9 — 74.5 — 168.5 Additions to long-lived assets 59.2 46.0 — 19.3 — 124.5 (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, "Restructuring Activities" 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 $1.9 million and $8.2 million of transformation-related charges for the three and nine months ended March 26, 2016 , respectively, and $9.5 million and $31.3 million of transformation-related charges for the three and nine months ended March 28, 2015 , respectively. 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 Nine Months Ended March 26, March 28, 2015 March 26, March 28, (millions) Inventory-related costs (1) $ 14.0 $ 15.9 $ 35.7 $ 22.3 Advertising, marketing and design (2) (63.7 ) (62.2 ) (190.0 ) (179.6 ) Administration and information systems (2)(3) (97.2 ) (92.9 ) (254.4 ) (272.2 ) Distribution and customer service (2) (14.7 ) (15.5 ) (46.7 ) (50.5 ) Total corporate unallocated costs $ (161.6 ) $ (154.7 ) $ (455.4 ) $ (480.0 ) (1) Inventory-related costs consist primarily of production variances, and are recorded within cost of sales. There were no inventory-related transformation costs during the three and nine months ended March 26, 2016 . During the three and nine months ended March 28, 2015 , inventory-related transformation costs were $0.0 million and ($5.0) million , respectively. (2) Costs recorded within SG&A expenses. (3) During the three and nine months ended March 26, 2016 , transformation-related costs recorded within SG&A expenses were ($9.4) million and ($35.9) million , respectively. Furthermore, during the three and nine months ended March 26, 2016 , ($5.4) million and $(15.2) million of charges related to the Stuart Weitzman contingent earn out payments and other integration-related activities were recorded within corporate unallocated costs, respectively. During the three and nine months ended March 28, 2015 , transformation-related costs recorded within SG&A expenses were ($22.5) million and ($74.7) million , respectively. The Company also recorded approximately ($3.5) million in acquisition-related expenses for the nine months ended March 28, 2015 .

Income Taxes

Income Taxes	9 Months Ended
	Mar. 26, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective tax rate from continuing operations was 12.0% and 26.7% for the three and nine months ended March 26, 2016 , respectively, as compared to 28.3% and 32.5% for the three and nine months ended March 28, 2015 , respectively. The decrease in our effective tax rates was primarily attributable to the expiration of certain statutes, the closure of certain audits, the ongoing benefit of available foreign tax credits and the geographic mix of earnings.

Subsequent Events

Subsequent Events	9 Months Ended
	Mar. 26, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Refer to Note 4, "Restructuring Activities," for discussion on the Company's Operational Efficiency Plan announced in the fourth quarter of fiscal 2016. During the third quarter of fiscal 2016, Franco Niro Holdings Inc/Les Placements Franco Niro Inc., the Stuart Weitzman Canadian retail distributor ("Stuart Weitzman Canada"), exercised a put option contained within a preexisting agreement, resulting in the acquisition of the distributor by Stuart Weitzman on May 1, 2016. The operating results of Stuart Weitzman Canada will be consolidated in Stuart Weitzman's operating results upon the acquisition date. The Company is in the process of assessing the fair values of the assets and the liabilities assumed. The final purchase price is expected to be approximately $25 million to $30 million , subject to a 10% hold-back amount to be paid 18 months following the closing date if all conditions are satisfied. The Company does not anticipate the impact of this acquisition to be material to our results of operations or financial condition. Given the timing of the acquisition, the initial purchase accounting for the business combination is not complete at this time.

Basis of Presentation and Org23

Basis of Presentation and Organization (Policies)	9 Months Ended
	Mar. 26, 2016
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 Periods	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 third quarter of fiscal 2016 ended on March 26, 2016 and was a 13-week period. The third quarter of fiscal 2015 ended on March 28, 2015 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 Recently Adopted 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 ," ("ASU No. 2015-16") 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 are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, with early adoption permitted. The Company elected to early adopt this guidance during the third quarter of fiscal 2016, with no material effect on the Company's consolidated financial statements or notes thereto. Refer to Note 5, "Acquisitions," for further discussion. Recently Issued Accounting Pronouncements Not Yet Adopted In March 2016, the FASB issued ASU No. 2016-09, " Improvements to Employee Share-Based Payment Accounting (Topic 718), " which simplifies several aspects of the accounting for share-based payment transactions, including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification in the statement of cash flows. Most notably, the Company will be required to recognize all excess tax benefits and shortfalls as income tax expense or benefit in the income statement within the reporting period in which they occur. The requirements of the new standard will be effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual reporting periods, which for the Company is the first quarter of fiscal 2018. Early adoption is permitted. The Company is in the process of determining the impact of the adoption of this guidance on its consolidated financial statements or notes thereto. In February 2016, the FASB issued ASU No. 2016-02, " Leases (Topic 842), " which is intended to increase transparency and comparability among companies that enter into leasing arrangements. This ASU requires recognition of lease assets and lease liabilities on the balance sheet for nearly all leases (other than short-term leases), as well as a retrospective recognition and measurement of existing impacted leases. The requirements of the new standard will be effective for annual reporting periods beginning after December 15, 2018, and interim periods within those annual periods, which for the Company is the first quarter of fiscal 2020. Early adoption is permitted. The new standard is required to be applied with a modified retrospective approach to each prior reporting period with various optional practical expedients. The Company is in the process of determining the impact of the adoption of this guidance on its consolidated financial statements or notes thereto, however it does anticipate that the new guidance will have a significant impact on its consolidated financial statements given its portfolio of lease arrangements. This guidance is not expected, however, to have a material impact on the Company's liquidity. In January 2016, the FASB issued ASU No. 2016-01, " Recognition and Measurement of Financial Assets and Financial Liabilities. " Under the ASU, equity investments not accounted for under the equity method of accounting or consolidation accounting must be measured at fair value with changes in fair value recognized in net income. The ASU also requires public entities to use the exit price notion when measuring fair value for disclosure. Financial assets and liabilities must be presented separately by measurement category and form on the balance sheet or within the notes to the financial statements. Additionally, public entities no longer have to disclose the methods and assumptions used to estimate fair value for assets measured at amortized cost. The requirements of the new standard will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, which for the Company is the first quarter of fiscal 2019. Early adoption is permitted. The Company is in the process of determining the impact of the adoption of this guidance on its consolidated financial statements or notes thereto. In November 2015, the FASB issued ASU No. 2015-17, " Balance Sheet Classification of Deferred Taxes. " Under the ASU, all deferred tax assets and liabilities are required to be classified as noncurrent in the balance sheets. The requirements of the new standard will be effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years, which for the Company is the first quarter of fiscal 2018. Early adoption is permitted. The adoption of this guidance will result in the reclassification of deferred tax assets and liabilities currently included in current assets and liabilities, to noncurrent assets and liabilities on the Condensed Consolidated Balance Sheets. 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 in the process of determining the impact of the adoption of this guidance on its consolidated financial statements or notes thereto.

Restructuring Activities (Table

Restructuring Activities (Tables)	9 Months Ended
	Mar. 26, 2016
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 — 11.1 22.4 2.4 35.9 Cash payments — (4.6 ) (28.4 ) (5.1 ) (38.1 ) Non-cash adjustments — (8.9 ) — (0.6 ) (9.5 ) Balance at March 26, 2016 $ — $ 0.1 $ 6.0 $ — $ 6.1 (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 March 26, 2016 and June 27, 2015, a reserve of $10.6 million and $11.1 million is included within Inventories on the Company's Condensed Consolidated Balance Sheets, respectively. (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 employees. (4) Other charges primarily 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)	9 Months Ended
	Mar. 26, 2016
Business Combinations [Abstract]
Summary of Fair Values of Assets Acquired and Liabilities Assumed	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 Measurement Period Adjustments (6) Adjusted Fair Value Cash and cash equivalents $ 11.5 $ — $ 11.5 Trade accounts receivable 34.0 — 34.0 Inventories (1) 32.9 — 32.9 Prepaid expenses and other current assets 5.2 (2.1 ) 3.1 Property and equipment, net 28.3 (2.0 ) 26.3 Goodwill (2) 125.8 3.6 129.4 Trademarks and trade names (3) 267.0 — 267.0 Other intangible assets (4) 87.0 1.1 88.1 Deferred income taxes 7.1 (0.1 ) 7.0 Other assets 2.3 2.3 Total assets acquired 601.1 0.5 601.6 Accounts Payable and accrued liabilities 15.7 0.5 16.2 Other liabilities (5) 54.3 — 54.3 Total liabilities assumed 70.0 0.5 70.5 Total purchase price 531.1 — 531.1 Less: Cash acquired (11.5 ) — (11.5 ) Total purchase price, net of cash acquired $ 519.6 $ — $ 519.6 (1) Included a step-up adjustment of approximately $5.6 million , which was amortized over 4 months . (2) Approximately $42 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, net of approximately $25.7 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, net were valued based on a comparison of market participant information and Company-specific lease terms. (5) Included within Other liabilities was 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 March 26, 2016 . (6) During the nine months ended March 26, 2016, and in accordance with the early adoption of ASU No. 2015-16, the Company made certain measurement period adjustments to provisional amounts primarily related to the fair value of acquired property and equipment, deferred income taxes, favorable lease rights, as well as certain working capital accounts. These adjustments were the result of new information obtained about facts and circumstances that existed as of the date of acquisition. The $3.6 million net impact of these adjustments on the Condensed Consolidated Balance Sheets has been adjusted through goodwill, as noted above. Furthermore, the net impact on current earnings was less than $0.1 million and recorded within Selling, general and administrative expenses within the Condensed Consolidated Statements of Income.

Goodwill and Other Intangible26

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Mar. 26, 2016
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 15.8 (0.2 ) 15.6 Purchase accounting adjustment $ — $ 3.6 $ 3.6 Balance at March 26, 2016 $ 324.2 $ 129.2 $ 453.4
Schedule of Indefinite-Lived Intangible Assets	Other intangible assets consist of the following (in millions): March 26, 2016 June 27, 2015 Gross Accum. Net Gross Accum. Net Intangible assets subject to amortization: Customer relationships $ 54.7 $ (4.5 ) $ 50.2 $ 54.7 $ (0.8 ) $ 53.9 Order backlog 7.7 (7.7 ) — 7.7 (2.6 ) 5.1 Favorable lease rights, net (1) 25.7 (2.9 ) 22.8 24.6 (0.5 ) 24.1 Total intangible assets subject to amortization 88.1 (15.1 ) 73.0 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 $ 364.9 $ (15.1 ) $ 349.8 $ 363.8 $ (3.9 ) $ 359.9 (1) See Note 5, "Acquisitions" for information regarding the increase to favorable lease rights, net.
Schedule of Finite-Lived Intangible Assets	Other intangible assets consist of the following (in millions): March 26, 2016 June 27, 2015 Gross Accum. Net Gross Accum. Net Intangible assets subject to amortization: Customer relationships $ 54.7 $ (4.5 ) $ 50.2 $ 54.7 $ (0.8 ) $ 53.9 Order backlog 7.7 (7.7 ) — 7.7 (2.6 ) 5.1 Favorable lease rights, net (1) 25.7 (2.9 ) 22.8 24.6 (0.5 ) 24.1 Total intangible assets subject to amortization 88.1 (15.1 ) 73.0 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 $ 364.9 $ (15.1 ) $ 349.8 $ 363.8 $ (3.9 ) $ 359.9 (1) See Note 5, "Acquisitions" for information regarding the increase to favorable lease rights, net.
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 March 26, 2016 , 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 $ 2.1 Fiscal 2017 7.2 Fiscal 2018 6.7 Fiscal 2019 6.7 Fiscal 2020 6.4 Fiscal 2021 6.1 Fiscal 2022 and thereafter 37.8 Total $ 73.0

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Mar. 26, 2016
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 — — — 390.7 — 390.7 Other comprehensive loss — — — — (65.6 ) (65.6 ) Shares issued for stock options and employee benefit plans 1.7 0.1 6.8 — — 6.9 Share-based compensation — — 71.5 — — 71.5 Excess tax shortfall from share-based compensation — — (4.7 ) — — (4.7 ) Dividends declared ($1.0125 per share) — — — (279.1 ) — (279.1 ) Balance at March 28, 2015 276.1 $ 2.8 $ 2,719.7 $ (107.9 ) $ (74.3 ) $ 2,540.3 Balance at June 27, 2015 276.6 $ 2.8 $ 2,754.4 $ (189.6 ) $ (77.7 ) $ 2,489.9 Net income — — — 379.0 — 379.0 Other comprehensive loss — — — — (14.4 ) (14.4 ) Shares issued for stock options and employee benefit plans 1.3 — (3.4 ) — — (3.4 ) Share-based compensation — — 65.7 — — 65.7 Excess tax shortfall from share-based compensation — — (10.3 ) — — (10.3 ) Dividends declared ($1.0125 per share) — — — (281.1 ) — (281.1 ) Balance at March 26, 2016 277.9 $ 2.8 $ 2,806.4 $ (91.7 ) $ (92.1 ) $ 2,625.4
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 9.6 (1.1 ) (69.7 ) — (61.2 ) Less: gains reclassified from accumulated other comprehensive income to earnings 4.4 — — — 4.4 Net current-period other comprehensive income (loss) 5.2 (1.1 ) (69.7 ) — (65.6 ) Balances at March 28, 2015 $ 5.8 $ 0.7 $ (78.9 ) $ (1.9 ) $ (74.3 ) Balances at June 27, 2015 $ 4.4 $ 0.5 $ (81.7 ) $ (0.9 ) $ (77.7 ) Other comprehensive loss before reclassifications (4.4 ) (1.5 ) (4.7 ) — (10.6 ) Less: gains reclassified from accumulated other comprehensive income to earnings 3.8 — — — 3.8 Net current-period other comprehensive loss (8.2 ) (1.5 ) (4.7 ) — (14.4 ) Balances at March 26, 2016 $ (3.8 ) $ (1.0 ) $ (86.4 ) $ (0.9 ) $ (92.1 ) (1) The ending balances of AOCI related to cash flow hedges are net of tax of $1.6 million and ($3.2) million as of March 26, 2016 and March 28, 2015 , respectively. The amounts reclassified from AOCI are net of tax of ($1.9) million and ($2.3) million as of March 26, 2016 and March 28, 2015 , respectively. (2) As of March 26, 2016 and March 28, 2015 , Other represents the accumulated loss on the Company's minimum pension liability adjustment. The balances at March 26, 2016 and March 28, 2015 are net of tax of $0.5 million and $1.5 million, respectively.

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Mar. 26, 2016
Earnings Per Share [Abstract]
Reconciliation of Weighted-average Shares Outstanding and Calculation of Basic and Diluted Earnings 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 Nine Months Ended March 26, March 28, March 26, March 28, (millions, except per share data) Net income $ 112.5 $ 88.1 $ 379.0 $ 390.7 Total weighted-average basic shares outstanding 277.8 275.9 277.4 275.5 Dilutive securities: Effect of dilutive securities 1.7 1.5 1.3 1.3 Total weighted-average diluted shares 279.5 277.4 278.7 276.8 Net income per share: Basic $ 0.40 $ 0.32 $ 1.37 $ 1.42 Diluted $ 0.40 $ 0.32 $ 1.36 $ 1.41

Share-based Compensation (Table

Share-based Compensation (Tables)	9 Months Ended
	Mar. 26, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	A summary of service-based RSU activity during the nine months ended March 26, 2016 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 2.2 31.49 Vested (1.4 ) 32.36 Forfeited (0.3 ) 38.51 Non-vested at March 26, 2016 3.8 48.59 A summary of PRSU activity during the nine months ended March 26, 2016 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 0.4 31.36 Change due to performance condition achievement (1) — 55.07 Vested (1) — 30.93 Forfeited (1) — 45.46 Non-vested at March 26, 2016 1.5 39.03 (1) During the first nine months ended March 26, 2016 , 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.
Schedule of Compensation Cost Charged Against Income and Related Tax Benefits for Share-based Compensation Plans	The following table shows the total compensation cost charged against income for share based compensation plans and the related tax benefits recognized in the condensed consolidated statements of income for the periods indicated: Three Months Ended Nine Months Ended March 26, March 28, 2015 (1) March 26, March 28, 2015 (1) (millions) Share-based compensation expense $ 21.2 $ 24.4 $ 65.7 $ 71.5 Income tax benefit related to share-based compensation expense 5.6 7.4 19.8 21.7 (1) During the three and nine months ended March 28, 2015 , the Company incurred approximately $1.7 million and $4.5 million of share-based compensation expense, respectively, related to organizational efficiency costs under the Company's Transformation Plan as a result of the accelerated vesting of certain awards. See Note 4, "Restructuring Activities," for more information. Approximately $0.6 million and $1.7 million of income tax benefit is associated with the share-based compensation expense for the three and nine months ended March 28, 2015 , respectively.
Summary of Stock Option Activity	A summary of stock option activity during the nine months ended March 26, 2016 is as follows: Number of Options Outstanding Weighted-Average Exercise Price per Option (millions) Outstanding at June 27, 2015 13.5 $ 42.81 Granted 4.4 31.53 Exercised (0.2 ) 35.25 Forfeited or expired (1.7 ) 39.40 Outstanding at March 26, 2016 16.0 40.16 Vested and expected to vest at March 26, 2016 15.4 41.62 Exercisable at March 26, 2016 8.8 44.49

Debt (Tables)

Debt (Tables)	9 Months Ended
	Mar. 26, 2016
Debt Disclosure [Abstract]
Summary of the Components of Outstanding Debt	The following table summarizes the components of the Company’s outstanding debt: March 26, 2016 June 27, 2015 (millions) Current Debt: Term Loan $ 15.0 $ 11.3 Total Current Debt $ 15.0 $ 11.3 Long-Term Debt: Term Loan $ 277.5 $ 288.7 4.250% Senior Notes 600.0 600.0 Total Long-Term Debt 877.5 888.7 Less: Unamortized Discount and Debt Issuance Costs on 4.250% Senior Notes (9.0 ) (9.6 ) Total Long-Term Debt, net $ 868.5 $ 879.1
Schedule of Aggregate Maturities of Total Debt	As of March 26, 2016 , the Company's aggregate maturities of total debt are as follows (in millions): Fiscal Year Amount Remainder of Fiscal 2016 $ 7.5 2017 15.0 2018 15.0 2019 22.5 2020 232.5 Subsequent to 2020 600.0 Total future debt repayments $ 892.5

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Mar. 26, 2016
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 March 26, 2016 and June 27, 2015 (in millions): Level 1 Level 2 Level 3 March 26, June 27, March 26, June 27, March 26, June 27, Assets: Cash equivalents (1) $ 103.7 $ 485.0 $ 0.4 $ 14.7 $ — $ — Short-term investments : Time deposits (2) — — 0.6 — — — Commercial paper (2) — — 47.6 — — — Government securities - U.S. (2) 147.6 42.8 19.4 — — — Corporate debt securities - U.S. (2) — — 128.2 110.0 — — Corporate debt securities - non U.S. (2) — — 117.4 74.6 — — Long-term investments : Government securities - U.S. (3) — 9.3 — — — — Corporate debt securities - U.S. (3) — — 85.4 42.6 — — Corporate debt securities - non U.S. (3) — — 44.2 33.9 — — Derivative Assets : Inventory-related instruments (4) — — 0.3 3.3 — — Intercompany loan hedges (4) — — 0.3 0.1 — — Liabilities: Contingent earnout obligation (5) $ — $ — $ — $ — $ 26.2 $ 19.4 Derivative liabilities : Inventory-related instruments (4) — — 5.5 0.2 — — Intercompany loan hedges (4) — — — — — — (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 as of June 27, 2015 were recorded at amortized cost, which approximated fair value. (3) Fair value is primarily determined using vendor or broker priced securities in active markets. These securities have maturity dates in calendar years 2017 and 2018. (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 at Fair Value on a Recurring Basis Using Significant Unobservable Inputs	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 nine months ended March 26, 2016 and June 27, 2015 . Level 3 liabilities consisted of the contingent earnout obligation related to the Stuart Weitzman acquisition. March 26, 2016 June 27, 2015 (millions) Balance, beginning of period $ 19.4 $ — Contingent earnout obligation recorded in purchase accounting — 17.8 Increase to contingent earnout obligation 6.8 1.6 Balance, end of period $ 26.2 $ 19.4

Investments (Tables)

Investments (Tables)	9 Months Ended
	Mar. 26, 2016
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 March 26, 2016 and June 27, 2015 : March 26, 2016 June 27, 2015 Short-term Long-term Total Short-term Long-term Total (millions) Available-for-sale investments: Commercial paper (1) $ 47.6 $ — $ 47.6 $ — $ — $ — Government securities - U.S. (2) 167.0 — 167.0 42.8 9.3 52.1 Corporate debt securities - U.S. (2) 128.2 85.4 213.6 110.0 42.6 152.6 Corporate debt securities - non-U.S. (2) 117.4 44.2 161.6 74.6 33.9 108.5 Available-for-sale investments, total $ 460.2 $ 129.6 $ 589.8 $ 227.4 $ 85.8 $ 313.2 Held to maturity: Corporate debt securities - U.S. (3) $ — $ — $ — $ 6.6 $ — $ 6.6 Other: Time deposits (1) 0.6 — 0.6 — — — Other (4) — 438.3 438.3 — 320.2 320.2 Total Investments $ 460.8 $ 567.9 $ 1,028.7 $ 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 2016 and 2018 and are recorded at fair value. (3) These securities were recorded at amortized cost which approximated fair value utilizing Level 2 information. (4) 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. Refer to Note 13, "Commitments and Contingencies," for further information.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Mar. 26, 2016
Segment Reporting [Abstract]
Summary of Segment Information	The following table summarizes segment performance for the three and nine months ended March 26, 2016 and March 28, 2015 (in millions): North America International Other (1) Corporate Unallocated (2) Stuart Weitzman Total Three Months Ended March 26, 2016 Net sales $ 498.9 $ 448.2 $ 6.8 $ — $ 79.2 $ 1,033.1 Gross profit 309.1 338.0 5.8 14.0 46.1 713.0 Operating income (loss) 135.5 151.7 4.0 (161.6 ) 4.7 134.3 Income (loss) before provision for income taxes 135.5 151.7 4.0 (168.1 ) 4.7 127.8 Depreciation and amortization expense (3) 14.5 16.7 — 17.1 3.1 51.4 Additions to long-lived assets 26.9 25.7 — 44.6 3.7 100.9 Three Months Ended March 28, 2015 Net sales $ 493.2 $ 428.1 $ 8.0 $ — $ — $ 929.3 Gross profit 313.9 328.4 7.3 15.9 — 665.5 Operating income (loss) 134.3 140.1 4.3 (154.7 ) — 124.0 Income (loss) before provision for income taxes 134.3 140.1 4.3 (155.9 ) — 122.8 Depreciation and amortization expense (3) 16.6 16.2 — 23.8 — 56.6 Additions to long-lived assets 20.3 19.1 — 5.5 — 44.9 Nine Months Ended March 26, 2016 Net sales $ 1,790.9 $ 1,254.5 $ 31.1 $ — $ 260.7 $ 3,337.2 Gross profit 1,105.3 947.6 23.8 35.6 156.3 2,268.6 Operating income (loss) 555.4 389.5 16.5 (455.4 ) 30.7 536.7 Income (loss) before provision for income taxes 555.4 389.5 16.5 (474.9 ) 30.7 517.2 Depreciation and amortization expense (3) 46.6 50.4 — 51.9 15.9 164.8 Additions to long-lived assets 63.6 79.3 — 126.2 7.3 276.4 Nine Months Ended March 28, 2015 Net sales $ 1,911.5 $ 1,229.6 $ 46.4 $ — $ — $ 3,187.5 Gross profit 1,224.0 946.2 28.4 22.3 — 2,220.9 Operating income (loss) 652.1 386.5 20.6 (480.0 ) — 579.2 Income (loss) before provision for income taxes 652.1 386.5 20.6 (480.1 ) — 579.1 Depreciation and amortization expense (3) 46.1 47.9 — 74.5 — 168.5 Additions to long-lived assets 59.2 46.0 — 19.3 — 124.5 (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, "Restructuring Activities" 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 $1.9 million and $8.2 million of transformation-related charges for the three and nine months ended March 26, 2016 , respectively, and $9.5 million and $31.3 million of transformation-related charges for the three and nine months ended March 28, 2015 , respectively. 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 Nine Months Ended March 26, March 28, 2015 March 26, March 28, (millions) Inventory-related costs (1) $ 14.0 $ 15.9 $ 35.7 $ 22.3 Advertising, marketing and design (2) (63.7 ) (62.2 ) (190.0 ) (179.6 ) Administration and information systems (2)(3) (97.2 ) (92.9 ) (254.4 ) (272.2 ) Distribution and customer service (2) (14.7 ) (15.5 ) (46.7 ) (50.5 ) Total corporate unallocated costs $ (161.6 ) $ (154.7 ) $ (455.4 ) $ (480.0 ) (1) Inventory-related costs consist primarily of production variances, and are recorded within cost of sales. There were no inventory-related transformation costs during the three and nine months ended March 26, 2016 . During the three and nine months ended March 28, 2015 , inventory-related transformation costs were $0.0 million and ($5.0) million , respectively. (2) Costs recorded within SG&A expenses. (3) During the three and nine months ended March 26, 2016 , transformation-related costs recorded within SG&A expenses were ($9.4) million and ($35.9) million , respectively. Furthermore, during the three and nine months ended March 26, 2016 , ($5.4) million and $(15.2) million of charges related to the Stuart Weitzman contingent earn out payments and other integration-related activities were recorded within corporate unallocated costs, respectively. During the three and nine months ended March 28, 2015 , transformation-related costs recorded within SG&A expenses were ($22.5) million and ($74.7) million , respectively. The Company also recorded approximately ($3.5) million in acquisition-related expenses for the nine months ended March 28, 2015 .

Nature of Operations (Details)

Nature of Operations (Details)	9 Months Ended
	Mar. 26, 2016country
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of countries with sales to wholesale customers and distributors (country)	50

Basis of Presentation and Org35

Basis of Presentation and Organization (Details)	3 Months Ended		12 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Jul. 02, 2016	Jun. 27, 2015
Condensed Financial Statements, Captions [Line Items]
Fiscal period duration	91 days	91 days		364 days
Scenario, Forecast
Condensed Financial Statements, Captions [Line Items]
Fiscal period duration			371 days

Restructuring Activities (Narra

Restructuring Activities (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended	15 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015	Jun. 27, 2015	Dec. 31, 2017	Apr. 26, 2016
Restructuring Cost and Reserve [Line Items]
Transformation-related charges	$ 1.9	$ 9.5	$ 8.2	$ 31.3
Inventory reserve	10.6		10.6		$ 11.1
Restructuring and transformation expected cost remaining	15		15
2014 Transformation Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, expected to be incurred	325		325
Transformation plan costs incurred to date	313.3		313.3
Transformation-related charges	9.4	22.5	35.9	79.7	145.9
Restructuring and transformation related charges, after tax	$ 6.4	$ 12.1	$ 26.9	$ 53.2
Restructuring and transformation related charges per diluted share (USD per share)	$ 0.02	$ 0.04	$ 0.10	$ 0.19
Payments for restructuring			$ 38.1		90.9
2014 Transformation Plan | Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Transformation-related charges	$ 9.4	$ 22.5	35.9	$ 74.7
2014 Transformation Plan | Cost of Sales
Restructuring Cost and Reserve [Line Items]
Transformation-related charges	$ 0	$ 0	0	$ 5
Minimum | Subsequent Event | Operational Efficiency Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, expected to be incurred							$ 65
Maximum | Subsequent Event | Operational Efficiency Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, expected to be incurred							80
Organizational Efficiency Costs | 2014 Transformation Plan
Restructuring Cost and Reserve [Line Items]
Transformation-related charges			22.4		47.3
Payments for restructuring			$ 28.4		$ 30.8
Organizational Efficiency Costs | Minimum | Subsequent Event | Operational Efficiency Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, expected to be incurred							45
Organizational Efficiency Costs | Maximum | Subsequent Event | Operational Efficiency Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, expected to be incurred							55
Updating Technology Platforms | Subsequent Event | Operational Efficiency Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, expected to be incurred							15
Network Optimization | Minimum | Subsequent Event | Operational Efficiency Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, expected to be incurred							5
Network Optimization | Maximum | Subsequent Event | Operational Efficiency Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, expected to be incurred							$ 10
Scenario, Forecast | Minimum | Operational Efficiency Plan
Restructuring Cost and Reserve [Line Items]
Payments for restructuring						$ 55
Scenario, Forecast | Maximum | Operational Efficiency Plan
Restructuring Cost and Reserve [Line Items]
Payments for restructuring						$ 65

Restructuring Activities (Trans

Restructuring Activities (Transformation and Other Actions) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015	Jun. 27, 2015
Restructuring Reserve [Roll Forward]
Transformation-related charges	$ 1.9	$ 9.5	$ 8.2	$ 31.3
2014 Transformation Plan
Restructuring Reserve [Roll Forward]
Balance at beginning of period			17.8	22.5	$ 22.5
Transformation-related charges	9.4	$ 22.5	35.9	79.7	145.9
Cash payments			(38.1)		(90.9)
Non-cash adjustments			(9.5)		(59.7)
Balance at end of period	6.1		6.1		17.8
2014 Transformation Plan | Inventory-Related Charges
Restructuring Reserve [Roll Forward]
Balance at beginning of period			0	15.4	15.4
Transformation-related charges			0		3
Cash payments			0		(15.4)
Non-cash adjustments			0		(3)
Balance at end of period	0		0		0
2014 Transformation Plan | Store-Related Costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period			2.5	5.5	5.5
Transformation-related charges			11.1		80.4
Cash payments			(4.6)		(34.6)
Non-cash adjustments			(8.9)		(48.8)
Balance at end of period	0.1		0.1		2.5
2014 Transformation Plan | Organizational Efficiency Costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period			12	1	1
Transformation-related charges			22.4		47.3
Cash payments			(28.4)		(30.8)
Non-cash adjustments			0		(5.5)
Balance at end of period	6		6		12
2014 Transformation Plan | Other
Restructuring Reserve [Roll Forward]
Balance at beginning of period			3.3	$ 0.6	0.6
Transformation-related charges			2.4		15.2
Cash payments			(5.1)		(10.1)
Non-cash adjustments			(0.6)		(2.4)
Balance at end of period	$ 0		$ 0		$ 3.3

Acquisitions (Assets Acquired a

Acquisitions (Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Millions	May. 04, 2015	Mar. 26, 2016	Jun. 27, 2015
Fair Value of Assets Acquired and Liabilities Assumed
Goodwill		$ 453.4	$ 434.2
Measurement Period Adjustments
Goodwill		3.6
Stuart Weitzman
Fair Value of Assets Acquired and Liabilities Assumed
Cash and cash equivalents	$ (11.5)
Trade accounts receivable	34
Inventories	32.9
Prepaid expenses and other current assets	3.1
Property and equipment, net	26.3
Goodwill	129.4
Trademarks and trade names	267
Other intangible assets	88.1
Deferred income taxes	7
Other assets	2.3
Total assets acquired	601.6
Accounts Payable and accrued liabilities	16.2
Other liabilities	54.3
Total liabilities assumed	70.5
Total purchase price	531.1
Total purchase price, net of cash acquired	519.6
Measurement Period Adjustments
Cash and cash equivalents		0
Trade accounts receivable		0
Inventories		0
Prepaid expenses and other current assets		(2.1)
Property and equipment, net		(2)
Goodwill		3.6
Trademarks and trade names		0
Other intangible assets		1.1
Deferred income taxes		$ (0.1)
Other assets
Total assets acquired		$ 0.5
Accounts Payable and accrued liabilities		0.5
Other liabilities		0
Total liabilities assumed		0.5
Total purchase price		0
Total purchase price, net of cash acquired		0
Inventory step-up adjustment	$ 5.6
Step-up adjustment, amortization period	4 months
Goodwill, expected tax deductible amount	$ 42
Fair value of contingent earnout payment	17.8
Net impact on current earnings (less than)		$ 0.1
Stuart Weitzman | Customer relationships
Fair Value of Assets Acquired and Liabilities Assumed
Other intangible assets	$ 54.7
Measurement Period Adjustments
Weighted average useful life of acquired intangible assets	15 years
Stuart Weitzman | Order backlog
Fair Value of Assets Acquired and Liabilities Assumed
Other intangible assets	$ 7.7
Measurement Period Adjustments
Weighted average useful life of acquired intangible assets	6 months
Stuart Weitzman | Favorable lease rights, net
Fair Value of Assets Acquired and Liabilities Assumed
Other intangible assets	$ 25.7
Scenario, Previously Reported | Stuart Weitzman
Fair Value of Assets Acquired and Liabilities Assumed
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

Acquisitions Acquisitions (Narr

Acquisitions Acquisitions (Narrative) (Details) - Stuart Weitzman - USD ($) $ in Millions	May. 04, 2015	Mar. 26, 2016	Mar. 28, 2015
Business Acquisition [Line Items]
Cash paid in connection with acquisition	$ 531.1
Cash paid in connection with acquisition, net of cash acquired	519.6
Potential earnout payment	$ 14.7
Potential earnout, payment period	3 years
Total amount payable under earnout (less than)	$ 44
Acquisition-related expenses		$ 0	$ 3.5

Goodwill and Other Intangible40

Goodwill and Other Intangible Assets (Change in Carrying Value of Goodwill) (Details) $ in Millions	9 Months Ended
	Mar. 26, 2016USD ($)
Goodwill [Roll Forward]
Beginning Balance	$ 434.2
Foreign exchange impact	15.6
Purchase Accounting Adjustment	3.6
Ending Balance	453.4
Operating Segments | International
Goodwill [Roll Forward]
Beginning Balance	308.4
Foreign exchange impact	15.8
Purchase Accounting Adjustment	0
Ending Balance	324.2
Operating Segments | Stuart Weitzman
Goodwill [Roll Forward]
Beginning Balance	125.8
Foreign exchange impact	(0.2)
Purchase Accounting Adjustment	3.6
Ending Balance	$ 129.2

Goodwill and Other Intangible41

Goodwill and Other Intangible Assets (Indefinite and Finite Lived Assets) (Details) - USD ($) $ in Millions	Mar. 26, 2016	Jun. 27, 2015
Intangible assets subject to amortization:
Gross carrying amount	$ 88.1	$ 87
Accumulated amortization	(15.1)	(3.9)
Total	73	83.1
Intangible assets not subject to amortization:
Intangible assets, gross (excluding goodwill)	364.9	363.8
Intangible assets, net (excluding goodwill)	349.8	359.9
Trademarks and trade names
Intangible assets not subject to amortization:
Indefinite-lived intangible assets (excluding goodwill)	276.8	276.8
Customer relationships
Intangible assets subject to amortization:
Gross carrying amount	54.7	54.7
Accumulated amortization	(4.5)	(0.8)
Total	50.2	53.9
Order backlog
Intangible assets subject to amortization:
Gross carrying amount	7.7	7.7
Accumulated amortization	(7.7)	(2.6)
Total	0	5.1
Favorable lease rights, net
Intangible assets subject to amortization:
Gross carrying amount	25.7	24.6
Accumulated amortization	(2.9)	(0.5)
Total	$ 22.8	$ 24.1

Goodwill and Other Intangible42

Goodwill and Other Intangible Assets (Future Amortization Expense) (Details) - USD ($) $ in Millions	Mar. 26, 2016	Jun. 27, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of Fiscal 2016	$ 2.1
Fiscal 2,017	7.2
Fiscal 2,018	6.7
Fiscal 2,019	6.7
Fiscal 2,020	6.4
Fiscal 2,021	6.1
Fiscal 2022 and thereafter	37.8
Total	$ 73	$ 83.1

Goodwill and Other Intangible43

Goodwill and Other Intangible Assets (Narrative) (Details)	9 Months Ended
	Mar. 26, 2016
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	14 years 1 month 6 days
Favorable lease rights, net | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	1 year
Favorable lease rights, net | 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		9 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated other comprehensive (loss) income, beginning balance			$ 2,489.9	$ 2,420.6
Net income	$ 112.5	$ 88.1	379	390.7
Other comprehensive loss	16.2	(4)	(14.4)	(65.6)
Shares issued for stock options and employee benefit plans			(3.4)	6.9
Share-based compensation			65.7	71.5
Excess tax shortfall from share-based compensation			(10.3)	(4.7)
Dividends declared			(281.1)	(279.1)
Accumulated other comprehensive (loss) income, ending balance	$ 2,625.4	$ 2,540.3	$ 2,625.4	$ 2,540.3
Cash dividends declared per common share (USD per share)	$ 0.3375	$ 0.3375	$ 1.0125	$ 1.0125
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (shares)			276.6	274.4
Accumulated other comprehensive (loss) income, beginning balance			$ 2.8	$ 2.7
Shares issued for stock options and employee benefit plans (shares)			1.3	1.7
Shares issued for stock options and employee benefit plans			$ 0	$ 0.1
Ending balance (shares)	277.9	276.1	277.9	276.1
Accumulated other comprehensive (loss) income, ending balance	$ 2.8	$ 2.8	$ 2.8	$ 2.8
Additional Paid-in- Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated other comprehensive (loss) income, beginning balance			2,754.4	2,646.1
Shares issued for stock options and employee benefit plans			(3.4)	6.8
Share-based compensation			65.7	71.5
Excess tax shortfall from share-based compensation			(10.3)	(4.7)
Accumulated other comprehensive (loss) income, ending balance	2,806.4	2,719.7	2,806.4	2,719.7
Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated other comprehensive (loss) income, beginning balance			(189.6)	(219.5)
Net income			379	390.7
Dividends declared			(281.1)	(279.1)
Accumulated other comprehensive (loss) income, ending balance	(91.7)	(107.9)	(91.7)	(107.9)
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated other comprehensive (loss) income, beginning balance			(77.7)	(8.7)
Other comprehensive loss			(14.4)	(65.6)
Accumulated other comprehensive (loss) income, ending balance	$ (92.1)	$ (74.3)	$ (92.1)	$ (74.3)

Stockholders' Equity (Accumulat

Stockholders' Equity (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Accumulated Other Comprehensive Income Loss Net of Tax [Abstract]
Accumulated other comprehensive (loss) income, beginning balance			$ 2,489.9	$ 2,420.6
Other comprehensive income (loss) before reclassifications			(10.6)	(61.2)
Less: gains reclassified from accumulated other comprehensive income to earnings			3.8	4.4
Other comprehensive income (loss), net of tax	$ 16.2	$ (4)	(14.4)	(65.6)
Accumulated other comprehensive (loss) income, ending balance	2,625.4	2,540.3	2,625.4	2,540.3
Accumulated other comprehensive income related to cash flow hedges, accumulated tax	1.6	(3.2)	1.6	(3.2)
Other comprehensive income (loss), reclassification adjustment from AOCI on derivatives, tax			(1.9)	(2.3)
Impairment losses on investments and pension liability gain (loss) in other comprehensive income, tax	0.5	1.5	0.5	1.5
Unrealized 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			(4.4)	9.6
Less: gains reclassified from accumulated other comprehensive income to earnings			3.8	4.4
Other comprehensive income (loss), net of tax			(8.2)	5.2
Accumulated other comprehensive (loss) income, ending balance	(3.8)	5.8	(3.8)	5.8
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			(1.5)	(1.1)
Less: gains reclassified from accumulated other comprehensive income to earnings			0	0
Other comprehensive income (loss), net of tax			(1.5)	(1.1)
Accumulated other comprehensive (loss) income, ending balance	(1)	0.7	(1)	0.7
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			(4.7)	(69.7)
Less: gains reclassified from accumulated other comprehensive income to earnings			0	0
Other comprehensive income (loss), net of tax			(4.7)	(69.7)
Accumulated other comprehensive (loss) income, ending balance	(86.4)	(78.9)	(86.4)	(78.9)
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 income (loss), net of tax			0	0
Accumulated other comprehensive (loss) income, ending balance	(0.9)	(1.9)	(0.9)	(1.9)
Total
Accumulated Other Comprehensive Income Loss Net of Tax [Abstract]
Accumulated other comprehensive (loss) income, beginning balance			(77.7)	(8.7)
Other comprehensive income (loss), net of tax			(14.4)	(65.6)
Accumulated other comprehensive (loss) income, ending balance	$ (92.1)	$ (74.3)	$ (92.1)	$ (74.3)

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		9 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Earnings Per Share [Abstract]
Net income	$ 112.5	$ 88.1	$ 379	$ 390.7
Total weighted-average basic shares outstanding (shares)	277.8	275.9	277.4	275.5
Effect of dilutive securities (shares)	1.7	1.5	1.3	1.3
Total weighted-average diluted shares (shares)	279.5	277.4	278.7	276.8
Net income per share:
Basic (USD per share)	$ 0.40	$ 0.32	$ 1.37	$ 1.42
Diluted (USD per share)	$ 0.40	$ 0.32	$ 1.36	$ 1.41

Earnings Per Share (Anti-Diluti

Earnings Per Share (Anti-Dilutive Impact on Diluted Earnings per Share) (Details) - shares shares in Millions	9 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Earnings Per Share [Abstract]
Options to purchase shares of common stock excluded from the computation of diluted earnings per share	11	6.9

Share-based Compensation (Total

Share-based Compensation (Total Compensation Cost and Related Tax Benefits) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 21.2	$ 24.4	$ 65.7	$ 71.5
Income tax benefit related to share-based compensation expense	$ 5.6	7.4	$ 19.8	21.7
2014 Transformation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		1.7		4.5
Income tax benefit related to share-based compensation expense		$ 0.6		$ 1.7

Share-based Compensation (Summa

Share-based Compensation (Summary of Option Activity) (Details) shares in Millions	9 Months Ended
	Mar. 26, 2016$ / sharesshares
Number of Options Outstanding
Beginning balance (shares) | shares	13.5
Granted (shares) | shares	4.4
Exercised (shares) | shares	(0.2)
Forfeited or expired (shares) | shares	(1.7)
Ending balance (shares) | shares	16
Vested and expected to vest (shares) | shares	15.4
Exercisable (shares) | shares	8.8
Weighted-Average Exercise Price per Option
Beginning balance (USD per share) | $ / shares	$ 42.81
Granted (USD per share) | $ / shares	31.53
Exercised (USD per share) | $ / shares	35.25
Forfeited or expired (USD per share) | $ / shares	39.40
Ending balance (USD per share) | $ / shares	40.16
Vested and expected to vest (USD per share) | $ / shares	41.62
Exercisable (USD per share) | $ / shares	$ 44.49

Share-based Compensation (Narra

Share-based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	9 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Jun. 27, 2015
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Awards that are based on performance criteria	16		13.5
Stock Options
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Total unrecognized compensation cost related to non-vested stock options	$ 28.3
Options outstanding, weighted average remaining contractual term	1 year 1 month 6 days
Weighted-average grant-date fair value of options granted	$ 5.64	$ 6.41
Total intrinsic value of options exercised	$ 0.9	$ 9.4
Total cash received from option exercises	7.5	19.9
Actual tax benefit realized for the tax deductions from these option exercises	0.3	3.6
Restricted Stock Unit Awards (RSU)
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Actual tax benefit realized for the tax deductions from these option exercises	$ 13.8	$ 19.9
Service-based Restricted Stock Unit Awards (RSU)
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Weighted-average grant-date fair value of options granted	$ 31.49	$ 36.26
Total unrecognized compensation cost related to non-vested awards	$ 73.7
Total unrecognized compensation costs related to non-vested awards, weighted average recognition period	1 year
Total fair value of shares vested	$ 44.1	$ 45.5
Awards granted (shares)	2.2
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	$ 31.36	$ 36.28
Total unrecognized compensation cost related to non-vested awards	$ 16.9
Total fair value of shares vested	$ 1.4	$ 0.7
Expected term (years)	1 year 1 month
Awards granted (shares)	0.4
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	0.8

Share-based Compensation (Sum51

Share-based Compensation (Summary of Non-vested Service-Based Restricted Stock Unit Activity) (Details) shares in Millions	9 Months Ended
	Mar. 26, 2016$ / sharesshares
Service-based Restricted Stock Unit Awards (RSU)
Number of Non-vested Options
Beginning balance (shares)	3.3
Granted (shares)	2.2
Vested (less than 0.1 million shares)	(1.4)
Forfeited (less than 0.1 million shares)	(0.3)
Ending balance (shares)	3.8
Weighted-Average Grant-Date Fair Value
Beginning balance (USD per share) | $ / shares	$ 52.39
Granted (USD per share) | $ / shares	31.49
Vested (USD per share) | $ / shares	32.36
Forfeited (USD per share) | $ / shares	38.51
Ending balance (USD per share) | $ / shares	$ 48.59
Performance-based Restricted Stock Unit Awards (PRSU)
Number of Non-vested Options
Beginning balance (shares)	1.1
Granted (shares)	0.4
Change due to performance condition achievement (less than 0.1 million shares)	0.1
Vested (less than 0.1 million shares)	(0.1)
Forfeited (less than 0.1 million shares)	(0.1)
Ending balance (shares)	1.5
Weighted-Average Grant-Date Fair Value
Beginning balance (USD per share) | $ / shares	$ 41.76
Granted (USD per share) | $ / shares	31.36
Change due to performance condition achievement (USD per share) | $ / shares	55.07
Vested (USD per share) | $ / shares	30.93
Forfeited (USD per share) | $ / shares	45.46
Ending balance (USD per share) | $ / shares	$ 39.03
Change due to performance conditions, shares vested, or shares forfeited (less than 0.1 million shares)	0.1

Debt (Summary of Debt) (Details

Debt (Summary of Debt) (Details) - USD ($) $ in Millions	Mar. 26, 2016	Jun. 27, 2015
Current Debt:
Current Debt	$ 15	$ 11.3
Long-Term Debt:
Long-Term Debt	877.5	888.7
Less: Unamortized Discount and Debt Issuance Costs on 4.250% Senior Notes	(9)	(9.6)
Total Long-Term Debt, net	868.5	879.1
Senior Notes | 4.250% Senior Notes
Long-Term Debt:
Long-Term Debt	600	600
Senior Unsecured Term Loan | Amended and Restated Credit Agreement
Current Debt:
Current Debt	15	11.3
Long-Term Debt:
Long-Term Debt	$ 277.5	$ 288.7

Debt (Maturity Schedule) (Detai

Debt (Maturity Schedule) (Details) $ in Millions	Mar. 26, 2016USD ($)
Debt Disclosure [Abstract]
Remainder of Fiscal 2016	$ 7.5
2,017	15
2,018	15
2,019	22.5
2,020	232.5
Subsequent to 2020	600
Total future debt repayments	$ 892.5

Debt (Narrative) (Details)

Debt (Narrative) (Details)	1 Months Ended	3 Months Ended		9 Months Ended
	Mar. 28, 2015USD ($)	Mar. 26, 2016USD ($)	Mar. 28, 2015USD ($)	Mar. 26, 2016USD ($)	Mar. 28, 2015USD ($)	Mar. 26, 2016JPY (¥)	Mar. 26, 2016USD ($)	Jun. 27, 2015USD ($)
Debt Instrument [Line Items]
Interest expense		$ 8,300,000	$ 2,600,000	$ 24,400,000	$ 4,000,000
Repayment in 2020							$ 232,500,000
Borrowings under revolving credit facility				$ 0	340,000,000
Revolving Facility
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity	$ 700,000,000		700,000,000		700,000,000
Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Revolving credit facility, interest rate at period end						1.86%	1.86%
Amended and Restated Credit Agreement | Federal Funds Rate
Debt Instrument [Line Items]
Revolving credit facility, basis spread on variable rate				0.50%
Amended and Restated Credit Agreement | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Revolving credit facility, basis spread on variable rate				1.00%
4.250% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 600,000,000		$ 600,000,000		$ 600,000,000
Interest rate, stated percentage	4.25%		4.25%		4.25%
Debt instrument, issuance amount, percent of par	99.445%		99.445%		99.445%
Long-term debt, maturities, redemption period before maturity	90 days
Debt instrument, redemption price, percentage	100.00%
4.250% Senior Notes | Senior Notes | Adjusted Treasury Rate
Debt Instrument [Line Items]
Revolving credit facility, basis spread on variable rate	0.35%
Senior Unsecured Term Loan | Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Debt instrument, term	5 years
Debt instrument, face amount	$ 300,000,000		$ 300,000,000		$ 300,000,000
Repayment in 2020	$ 202,500,000		202,500,000		202,500,000
Revolving Facility | Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Credit facility, amount outstanding							$ 0
Revolving credit facility, commitment fee percentage				0.15%
Revolving Facility | Japanese Credit Facilities
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity						¥ 5,300,000,000	$ 47,000,000
Borrowings under revolving credit facility		$ 0	$ 0	$ 0	$ 0
Revolving Facility | Japanese Credit Facilities | Minimum
Debt Instrument [Line Items]
Tokyo Interbank margin, current (basis points)						0.25%	0.25%
Revolving Facility | Japanese Credit Facilities | Maximum
Debt Instrument [Line Items]
Tokyo Interbank margin, current (basis points)						0.30%	0.30%
Fair Value, Inputs, Level 2 | 4.250% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Long-term debt, fair value							$ 598,000,000	$ 579,000,000

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Measurements of Assets and Liabilities) (Details) - USD ($) $ in Millions	Mar. 26, 2016	Jun. 27, 2015
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 103.7	$ 485
Contingent earnout obligation	0	0
Level 1 | Time deposits | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	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 - U.S. | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	147.6	42.8
Level 1 | Government securities - U.S. | Long-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	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
Derivative liabilities	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0.4	14.7
Contingent earnout obligation	0	0
Level 2 | Time deposits | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0.6	0
Level 2 | Commercial paper | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	47.6	0
Level 2 | Government securities - U.S. | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	19.4	0
Level 2 | Government securities - U.S. | 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	128.2	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	85.4	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	117.4	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	44.2	33.9
Level 2 | Inventory-related instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0.3	3.3
Derivative liabilities	5.5	0.2
Level 2 | Intercompany loan hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0.3	0.1
Derivative liabilities	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Contingent earnout obligation	26.2	19.4
Level 3 | Time deposits | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 3 | Commercial paper | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 3 | Government securities - U.S. | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 3 | Government 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 - 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
Derivative liabilities	$ 0	$ 0

Fair Value Measurements (Fair56

Fair Value Measurements (Fair Value Measured on a Recurring Basis Using Significant Unobservable Inputs) (Details) - USD ($) $ in Millions	9 Months Ended
	Mar. 26, 2016	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	6.8	1.6
Balance, end of period	$ 26.2	$ 19.4

Investments (Summary of Investm

Investments (Summary of Investments) (Details) - USD ($) $ in Millions	Mar. 26, 2016	Jun. 27, 2015
Schedule of Available-for-sale Securities [Line Items]
Short-term	$ 460.8	$ 234
Long-term	567.9	406
Total	1,028.7	640
Available-for-sale investments:
Schedule of Available-for-sale Securities [Line Items]
Short-term	460.2	227.4
Long-term	129.6	85.8
Total	589.8	313.2
Available-for-sale investments: | Commercial paper
Schedule of Available-for-sale Securities [Line Items]
Short-term	47.6	0
Long-term	0	0
Total	47.6	0
Available-for-sale investments: | Government securities - U.S.
Schedule of Available-for-sale Securities [Line Items]
Short-term	167	42.8
Long-term	0	9.3
Total	167	52.1
Available-for-sale investments: | Corporate debt securities - U.S.
Schedule of Available-for-sale Securities [Line Items]
Short-term	128.2	110
Long-term	85.4	42.6
Total	213.6	152.6
Available-for-sale investments: | Corporate debt securities - non U.S.
Schedule of Available-for-sale Securities [Line Items]
Short-term	117.4	74.6
Long-term	44.2	33.9
Total	161.6	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	0.6	0
Long-term	0	0
Total	0.6	0
Other: | Other
Schedule of Available-for-sale Securities [Line Items]
Short-term	0	0
Long-term	438.3	320.2
Total	$ 438.3	$ 320.2

Investments (Summary of Inves58

Investments (Summary of Investments Footnote) (Details)	6 Months Ended	9 Months Ended
	Dec. 26, 2015	Mar. 26, 2016
Hudson Yards
Schedule of Available-for-sale Securities [Line Items]
Equity method investment, ownership percentage (less than 43%)		43.00%
Minimum
Schedule of Available-for-sale Securities [Line Items]
Time deposit, maturity period (greater than zero months)		3 months
Commercial paper, maturity period (greater than zero months)	0 months

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 02, 2016	Mar. 26, 2016	Mar. 26, 2016	Mar. 28, 2015	Jun. 27, 2015
Commitments and Contingencies Disclosure [Line Items]
Increase in capital expenditures			$ 276.4	$ 124.5
Letter of Credit
Commitments and Contingencies Disclosure [Line Items]
Letters of credit amount outstanding		$ 6.8	$ 6.8		$ 6.8
Hudson Yards
Commitments and Contingencies Disclosure [Line Items]
Equity method investment, ownership percentage (less than 43%)		43.00%	43.00%
Amount invested in joint venture during the period		$ 31.5	$ 118.1
Equity method investments		438.3	438.3
Increase in capital expenditures		35.7	$ 103.1
Scenario, Forecast
Commitments and Contingencies Disclosure [Line Items]
Increase in capital expenditures	$ 85
Scenario, Forecast | Hudson Yards
Commitments and Contingencies Disclosure [Line Items]
Amount invested in joint venture during the period	$ 93
Fifth Avenue Stores
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
Lease term			10 years
Total lease commitment		215	$ 215
Minimum lease payments in 2017		10	10
Minimum lease payments due each year from fiscal 2018 through 2021		20	20
Minimum lease payments after year five		125	$ 125
Regent Street Stores
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
Lease term			15 years
Total lease commitment		68	$ 68
Minimum lease payments in 2016		1.2	1.2
Minimum lease payments due each year from fiscal 2017 through 2030		4.5	4.5
Minimum lease payments in 2031		$ 3.4	$ 3.4

Segment Information (Narrative)

Segment Information (Narrative) (Details)	9 Months Ended
	Mar. 26, 2016countrysegment
Segment Reporting [Abstract]
Reportable segments | segment	3
Number of countries with sales to wholesale customers and distributors (country) | country	50

Segment Information (Summary of

Segment Information (Summary of Segment Information) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Segment Reporting Information [Line Items]
Net sales	$ 1,033.1	$ 929.3	$ 3,337.2	$ 3,187.5
Gross profit	713	665.5	2,268.6	2,220.9
Operating income (loss)	134.3	124	536.7	579.2
Income (loss) before provision for income taxes	127.8	122.8	517.2	579.1
Depreciation and amortization expense	51.4	56.6	164.8	168.5
Additions to long-lived assets	100.9	44.9	276.4	124.5
Transformation-related charges	1.9	9.5	8.2	31.3
Operating Segments | North America
Segment Reporting Information [Line Items]
Net sales	498.9	493.2	1,790.9	1,911.5
Gross profit	309.1	313.9	1,105.3	1,224
Operating income (loss)	135.5	134.3	555.4	652.1
Income (loss) before provision for income taxes	135.5	134.3	555.4	652.1
Depreciation and amortization expense	14.5	16.6	46.6	46.1
Additions to long-lived assets	26.9	20.3	63.6	59.2
Operating Segments | International
Segment Reporting Information [Line Items]
Net sales	448.2	428.1	1,254.5	1,229.6
Gross profit	338	328.4	947.6	946.2
Operating income (loss)	151.7	140.1	389.5	386.5
Income (loss) before provision for income taxes	151.7	140.1	389.5	386.5
Depreciation and amortization expense	16.7	16.2	50.4	47.9
Additions to long-lived assets	25.7	19.1	79.3	46
Operating Segments | Other
Segment Reporting Information [Line Items]
Net sales	6.8	8	31.1	46.4
Gross profit	5.8	7.3	23.8	28.4
Operating income (loss)	4	4.3	16.5	20.6
Income (loss) before provision for income taxes	4	4.3	16.5	20.6
Depreciation and amortization expense	0	0	0	0
Additions to long-lived assets	0	0	0	0
Operating Segments | Stuart Weitzman
Segment Reporting Information [Line Items]
Net sales	79.2	0	260.7	0
Gross profit	46.1	0	156.3	0
Operating income (loss)	4.7	0	30.7	0
Income (loss) before provision for income taxes	4.7	0	30.7	0
Depreciation and amortization expense	3.1	0	15.9	0
Additions to long-lived assets	3.7	0	7.3	0
Corporate Unallocated
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Gross profit	14	15.9	35.6	22.3
Operating income (loss)	(161.6)	(154.7)	(455.4)	(480)
Income (loss) before provision for income taxes	(168.1)	(155.9)	(474.9)	(480.1)
Depreciation and amortization expense	17.1	23.8	51.9	74.5
Additions to long-lived assets	$ 44.6	$ 5.5	$ 126.2	$ 19.3

Segment Information (Summary 62

Segment Information (Summary of Common Costs Not Allocated) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Segment Reporting, Other Significant Reconciling Item [Line Items]
Operating income	$ 134.3	$ 124	$ 536.7	$ 579.2
Corporate Unallocated
Segment Reporting, Other Significant Reconciling Item [Line Items]
Inventory-related costs	14	15.9	35.7	22.3
Advertising, marketing and design	(63.7)	(62.2)	(190)	(179.6)
Administration and information systems	(97.2)	(92.9)	(254.4)	(272.2)
Distribution and customer service	(14.7)	(15.5)	(46.7)	(50.5)
Operating income	(161.6)	(154.7)	(455.4)	(480)
Transformation and other-related charges related to inventory	0	0	0	(5)
Transformation and other-related costs related to administration and information systems	(9.4)	$ (22.5)	(35.9)	(74.7)
Acquisition-related expenses	$ (5.4)		$ (15.2)	$ (3.5)

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details)	3 Months Ended		9 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Mar. 26, 2016	Mar. 28, 2015
Income Tax Disclosure [Abstract]
Effective tax rate	12.00%	28.30%	26.70%	32.50%

Subsequent Events (Details)

Subsequent Events (Details) - Stuart Weitzman Canada - Subsequent Event $ in Millions	May. 01, 2016USD ($)
Subsequent Event [Line Items]
Business combination, hold-back amount	10.00%
Business combination, hold-back period	18 months
Minimum
Subsequent Event [Line Items]
Business combination, purchase price	$ 25
Maximum
Subsequent Event [Line Items]
Business combination, purchase price	$ 30