Tapestry (TPR) 10-Q 9 May 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2018	Apr. 27, 2018
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Trading Symbol	TPR
Entity Registrant Name	TAPESTRY, INC.
Entity Central Index Key	1,116,132
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		287,817,710

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2018	Jul. 01, 2017
Current Assets:
Cash and cash equivalents	$ 1,031.7	$ 2,672.9
Short-term investments	6.6	410.7
Trade accounts receivable, less allowances of $1.8 and $1.9, respectively	292.3	268
Inventories	714.3	469.7
Income tax receivable	99.6	41.5
Prepaid expenses and other current assets	143.8	90.5
Total current assets	2,288.3	3,953.3
Property and equipment, net	889.4	691.4
Long-term investments	0.1	75.1
Goodwill	1,513.5	480.5
Intangible assets	1,740.3	340.8
Deferred income taxes	32	170.5
Other assets	124.4	120
Total assets	6,588	5,831.6
Current Liabilities:
Accounts payable	221.9	194.6
Accrued liabilities	637.5	559.2
Current debt	0.7	0
Total current liabilities	860.1	753.8
Long-term debt	1,599.5	1,579.5
Deferred income taxes	240.1	63.3
Long-term income taxes payable	270.9	0
Other liabilities	479.4	433.1
Total liabilities	3,450	2,829.7
See Note 15 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 1.0 billion shares; $0.01 par value per share) issued and outstanding - 287.8 million and 281.9 million shares, respectively	2.9	2.8
Additional paid-in-capital	3,177	2,978.3
Retained earnings	4.5	107.7
Accumulated other comprehensive loss	(46.4)	(86.9)
Total stockholders' equity	3,138	3,001.9
Total liabilities and stockholders' equity	$ 6,588	$ 5,831.6

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2018	Jul. 01, 2017
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 1.8	$ 1.9
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)	287,800,000	281,900,000
Common stock, outstanding (shares)	287,800,000	281,900,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Mar. 31, 2018	Apr. 01, 2017
Income Statement [Abstract]
Net sales	$ 1,322.4	$ 995.2	$ 4,396.3	$ 3,354.5
Cost of sales	413.5	289.5	1,545.6	1,027.9
Gross profit	908.9	705.7	2,850.7	2,326.6
Selling, general and administrative expenses	749.9	554.6	2,367.1	1,732.2
Operating income	159	151.1	483.6	594.4
Interest expense, net	16.9	4	59.6	14.8
Income before provision for income taxes	142.1	147.1	424	579.6
Provision for income taxes	1.8	24.9	238.2	140.3
Net income	$ 140.3	$ 122.2	$ 185.8	$ 439.3
Net income per share:
Basic (USD per share)	$ 0.49	$ 0.44	$ 0.65	$ 1.57
Diluted (USD per share)	$ 0.48	$ 0.43	$ 0.65	$ 1.56
Shares used in computing net income per share:
Basic (shares)	286.2	280.8	284.7	280.2
Diluted (shares)	290.1	282.9	287.8	282.2
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. 31, 2018	Apr. 01, 2017	Mar. 31, 2018	Apr. 01, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 140.3	$ 122.2	$ 185.8	$ 439.3
Other comprehensive income (loss), net of tax:
Unrealized (losses) gains on cash flow hedging derivatives, net	(2.7)	(0.7)	(6.8)	11.5
Unrealized (losses) gains on available-for-sale investments, net	(0.1)	0.2	0.4	(0.8)
Foreign currency translation adjustments	28.7	22.4	46.9	(31.6)
Other comprehensive income (loss), net of tax	25.9	21.9	40.5	(20.9)
Comprehensive income	$ 166.2	$ 144.1	$ 226.3	$ 418.4

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
CASH FLOWS PROVIDED BY OPERATING ACTIVITIES
Net income	$ 185.8	$ 439.3
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	188.6	148.7
Provision for bad debt	1	0.5
Share-based compensation	60.9	55.1
Excess tax effect from share-based compensation	0	1
Integration and restructuring activities	125.1	6.9
Deferred income taxes	(39.3)	63
Other non-cash charges, net	0	16.1
Changes in operating assets and liabilities:
Trade accounts receivable	78.6	35.9
Inventories	12	(31.1)
Accounts payable	(136.7)	(51.9)
Accrued liabilities	(40)	(101.7)
Other liabilities	168.6	(26.9)
Other assets	(18.1)	(24.9)
Net cash provided by operating activities	586.5	530
CASH FLOWS (USED IN) PROVIDED BY INVESTING ACTIVITIES
Hudson Yards sale of investments	0	680.6
Sale of former headquarters	0	126
Acquisitions, net of cash acquired	(2,373.2)	0
Purchases of investments	(3.5)	(498.3)
Proceeds from maturities and sales of investments	482.2	450.8
Purchases of property and equipment	(186.6)	(192.1)
Acquisition of lease rights, net	0	(4.5)
Net cash (used in) provided by investing activities	(2,081.1)	562.5
CASH FLOWS USED IN FINANCING ACTIVITIES
Dividend payments	(287.1)	(283.2)
Proceeds from issuance of debt	1,100	0
Repayment of debt	(1,100)	(285)
Proceeds from share-based awards	159.9	40.7
Taxes paid to net settle share-based awards	(31.2)	(21.7)
Excess tax effect from share-based compensation	0	(1)
Net cash used in financing activities	(158.4)	(550.2)
Effect of exchange rate changes on cash and cash equivalents	11.8	(6.8)
Net (decrease) increase in cash and cash equivalents	(1,641.2)	535.5
Cash and cash equivalents at beginning of period	2,672.9	859
Cash and cash equivalents at end of period	1,031.7	1,394.5
Supplemental information:
Cash paid for income taxes, net	68	155.2
Cash paid for interest	49.2	26
Noncash investing activity - property and equipment obligations	$ 33.8	$ 40.4

Nature of Operations

Nature of Operations	9 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	NATURE OF OPERATIONS Tapestry, Inc. (the "Company") is a leading New York-based house of modern luxury accessories and lifestyle brands. Tapestry owns the Coach, Kate Spade and Stuart Weitzman brands. The Company’s primary product offerings, manufactured by third-party suppliers, include women’s and men’s bags, small leather goods, footwear, ready-to-wear including outerwear, watches, weekend and travel accessories, scarves, eyewear, fragrance, jewelry and other lifestyle products. The Coach segment includes worldwide sales of Coach brand products to customers through Coach operated stores, including the Internet, concession shop-in-shops and sales to wholesale customers and independent third party distributors. The Kate Spade segment includes worldwide sales primarily of kate spade new york brand products to customers through Kate Spade operated stores, including the Internet, concession shop-in-shops, independent third party distributors and wholesale customers. The Stuart Weitzman segment includes worldwide sales of Stuart Weitzman brand products primarily to wholesale customers, numerous independent third party distributors and through Stuart Weitzman operated stores, including the Internet.

Basis of Presentation and Organ

Basis of Presentation and Organization	9 Months Ended
	Mar. 31, 2018
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, results of operations, 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 for the year ended July 1, 2017 and other filings filed with the SEC. The results of operations, cash flows and comprehensive income for the nine months ended March 31, 2018 are not necessarily indicative of results to be expected for the entire fiscal year, which will end on June 30, 2018 ("fiscal 2018 "). During the first quarter of 2018, the Company completed its acquisition of Kate Spade & Company ("Kate Spade"). During the third quarter of fiscal 2018, the Company acquired designated assets of its Stuart Weitzman distributor in Northern China, entered into an agreement to take operational control of the KS China Co., Limited and KS HMT Co., Limited joint ventures ("Kate Spade Joint Ventures") that operate in China, Hong Kong, Macau and Taiwan in which the Company has 50% interest, and acquired designated assets of its Coach distributor in Australia and New Zealand. The operational results have been consolidated in the Company's operating results commencing on each respective transaction date. Fiscal Periods The Company utilizes a 52-53 week fiscal year ending on the Saturday closest to June 30. Fiscal 2018 will be a 52-week period. Fiscal 2017 ended on July 1, 2017 and was also a 52-week period ("fiscal 2017"). The third quarter of fiscal 2018 ended on March 31, 2018 and was a 13-week period. The third quarter of fiscal 2017 ended on April 1, 2017 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 (including the impacts of the new tax legislation) 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. Principles of Consolidation These unaudited interim condensed consolidated financial statements include the accounts of the Company and all 100% owned and controlled subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Reclassifications Certain reclassifications have been made to the prior periods' financial information in order to conform to the current period's presentation, including the realignment of the Company's segment reporting structure, as further described in Note 16, "Segment Information."

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Recent Accounting Pronouncements	RECENT ACCOUNTING PROUNOUNCEMENTS Recently Adopted Accounting Pronouncements In February 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2018-02, "Income Statement- Reporting Comprehensive Income (Topic 220)," which allows a reclassification from accumulated other comprehensive income (loss) to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017. An entity that elects to reclassify these amounts must reclassify stranded tax effects related to the change in federal tax rate for all items accounted for in accumulated other comprehensive income (loss). This ASU is effective for fiscal years and interim periods within those years beginning after December 15, 2018 and early adoption is permitted. The Company adopted this standard in the third quarter of fiscal 2018 and reclassified stranded amounts related to the cash flow hedges from accumulated other comprehensive loss to retained earnings. The reclassification and adoption did not have a material impact to the consolidated financial statements, including accumulated other comprehensive loss and retained earnings. During the first quarter of fiscal 2018, the Company adopted 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 beginning in fiscal 2018. Additionally, the Company began recognizing 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 Company adopted this standard prospectively, which resulted in a decrease in the tax provision of $9.8 million and $15.5 million for the three and nine months ended March 31, 2018 , respectively. Future impacts of the adoption of this standard on the consolidated financial statements, particularly the income tax provision, will be dependent upon future events which are unpredictable. The Company has elected to continue to estimate expected forfeitures in determining compensation expense. Recently Issued Accounting Pronouncements Not Yet Adopted In August 2017, the FASB issued ASU No. 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities," which amends the hedge accounting recognition and presentation requirements in ASC 815. The objective of this ASU is to improve the transparency and understandability of information conveyed to financial statement users about an entity's risk management activities by better aligning the entity's financial reporting for hedging relationships with those risk management activities and to reduce the complexity and simplify the application of hedge accounting by preparers. The requirements for the new standard will be effective for fiscal years beginning after December 15, 2018, and interim periods therein, which for the Company is the first quarter of fiscal 2020. Early adoption is permitted upon issuance. The Company is currently in the process of evaluating the impact that adopting ASU 2017-12 will have on its consolidated financial statements and 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 retrospective approach to each prior reporting period with various optional practical expedients. The Company is currently performing a comprehensive evaluation of the impact of adopting this guidance on its consolidated financial statements and notes thereto. The Company expects the guidance will result in a significant increase to long-term assets and liabilities on its consolidated balance sheets and does not expect it to have a material impact on the consolidated statements of operations. This guidance is not expected to have a material impact on the Company's liquidity. 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 model will supersede most existing revenue recognition guidance, and also requires enhanced revenue-related disclosures. The FASB has also issued several related ASUs which provide additional implementation guidance and clarify the requirements of the model. 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 is permitted for annual reporting periods beginning after December 15, 2016, including interim periods within those annual periods. The Company is currently in the process of evaluating the impact that adopting ASU 2014-09 will have on its consolidated financial statements and notes thereto. The Company has a cross-functional implementation team in place that is performing a comprehensive evaluation of the impact. The Company’s evaluation efforts to date have included a review of current accounting policies and processes, as well as typical terms in contracts with customers, to identify potential differences upon the adoption of the new standard. Based on these efforts, the Company currently anticipates that the performance obligations underlying its core revenue streams (i.e., its retail and wholesale businesses), and the timing of revenue recognition thereof, will remain substantially unchanged for the Coach, Kate Spade and Stuart Weitzman segments. The Company has determined that the timing of recognizing sales-based royalties in licensing arrangements will change, as the Company will elect to recognize contractually guaranteed minimum royalty amounts ratably over the license year and recognize no excess sales-based royalties until the minimum royalty threshold is achieved. This change will not alter the total amount of revenue recognized from licensing arrangements during a contract year, and the timing change within a contract year is expected to be immaterial to the consolidated statements of operations as the licensing business represented approximately 1% of total net sales in fiscal 2017. The Company has not yet determined whether the guidance will be adopted using the full retrospective restatement of all prior periods presented, or using the modified retrospective basis with a cumulative adjustment to opening retained earnings in the year of initial adoption.

Integration and Acquisition Cos

Integration and Acquisition Costs	9 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Integration and Acquisition Costs	INTEGRATION AND ACQUISITION COSTS Fiscal 2018 Costs The Company completed its acquisition of Kate Spade & Company during the first quarter of fiscal 2018. Furthermore, the Company completed its acquisitions of certain distributors for the Coach and Stuart Weitzman brands and assumed operational control of the Kate Spade Joint Ventures during the third quarter of fiscal 2018. As a result of these acquisitions, during the three and nine months ended March 31, 2018 , the Company incurred integration and acquisition-related costs of $22.4 million and $271.3 million , respectively. The charges recorded in cost of sales for the three and nine months ended March 31, 2018 were $4.1 million and $110.9 million , respectively. Of the amount recorded to cost of sales for the three and nine months ended March 31, 2018 , $1.0 million and $106.4 million were recorded in the Kate Spade segment and $2.1 million and $3.5 million were recorded within the Stuart Weitzman segment, respectively. The charges recorded to cost of sales in the Coach segment were $1.0 million for the three and nine months ended March 31, 2018 . The charges recorded in selling, general and administrative ("SG&A") expenses for the three and nine months ended March 31, 2018 were $18.3 million and $160.4 million , respectively. Of the amount recorded to SG&A expenses for the three and nine months ended March 31, 2018 , $9.1 million and $106.6 million were recorded in the Kate Spade segment, $4.3 million and $47.1 million were recorded within Corporate, and $4.7 million and $6.5 million were recorded in the Stuart Weitzman segment, respectively. The charges recorded to SG&A expenses in the Coach segment were $0.2 million for the three and nine months ended March 31, 2018 . The Company continues to develop its plans for integration, and currently estimates that it will incur approximately $ 20-30 million in pre-tax charges, of which approximately $ 5-10 million are expected to be non-cash charges, for the remainder of fiscal 2018. Refer to Note 6, "Acquisitions," for more information. A summary of the integration and acquisition charges and related liabilities, which are recorded as accrued liabilities as of March 31, 2018 , is as follows: Purchase Accounting Adjustments (1) Acquisition Costs (2) Inventory-Related Charges (3) Contractual Payments (4) Organization-Related (5) Other (6) Total (millions) Assumed Liability $ — $ — $ 2.5 $ — $ — $ — $ 2.5 Fiscal 2018 charges 76.2 42.0 36.2 50.6 35.0 31.3 271.3 Cash payments — (41.2 ) (2.9 ) (50.6 ) (14.8 ) (23.5 ) (133.0 ) Non-cash charges (76.2 ) — (35.7 ) — (5.1 ) (7.3 ) (124.3 ) Liability as of March 31, 2018 $ — $ 0.8 $ 0.1 $ — $ 15.1 $ 0.5 $ 16.5 (1) Purchase accounting adjustments, of which $73.3 million was recorded within cost of sales and $2.9 million was recorded in SG&A expenses for the nine months ended March 31, 2018 , relate to the short-term impact of the amortization of fair value adjustments. Of the amount recorded to cost of sales for the nine months ended March 31, 2018, $70.7 million was recorded within the Kate Spade segment, $1.6 million was recorded within the Stuart Weitzman segment and $1.0 million was recorded within the Coach segment. Of the amount recorded to SG&A expenses, $2.9 million was recorded within the Kate Spade segment. (2) Acquisition costs, which were recorded to SG&A expenses, and of which $22.7 million were within Corporate, $19.1 million were within the Kate Spade segment, and $0.2 million were within the Coach segment for the nine months ended March 31, 2018 , primarily relate to deal fees associated with the acquisitions. (3) Inventory-related charges, recorded within cost of sales, of which $35.7 million was recorded within the Kate Spade segment and $0.5 million was recorded within the Stuart Weitzman segment, primarily related to reserves for the future destruction of certain on-hand inventory and non-cancelable inventory purchase commitments related to raw materials. As of March 31, 2018 , a reserve of $20.1 million is included within inventories on the Company's Condensed Consolidated Balance Sheets. (4) Contractual payments, which were recorded to SG&A expenses within the Kate Spade segment, primarily related to severance and related costs as a result of pre-existing agreements that were in place with certain Kate Spade executives which became effective upon the closing of the acquisition. (5) Organization-related costs, which were recorded to SG&A expenses, and of which $23.1 million were within the Kate Spade segment, $9.0 million within Corporate and $2.9 million within the Stuart Weitzman segment for the nine months ended March 31, 2018 , primarily related to severance related charges, including $5.1 million of accelerated share-based compensation expense. (6) Other primarily relates to professional fees, asset write-offs and inventory true-up. The charges were primarily recorded in SG&A expenses, of which $15.4 million was recorded within Corporate, $10.9 million was recorded within the Kate Spade segment and $3.6 million was recorded within the Stuart Weitzman segment. Furthermore, $1.4 million was recorded in cost of sales within Stuart Weitzman for the nine months ended March 31, 2018 . Fiscal 2017 Costs As a result of the Stuart Weitzman LLC acquisition, the Company incurred integration and acquisition-related costs of $4.5 million and $21.5 million , during the three and nine months ended April 1, 2017 , respectively. The charges recorded to cost of sales were $0.0 million and $0.6 million for the three and nine months ended April 1, 2017 in the Stuart Weitzman segment. The charges recorded in SG&A expenses for the three and nine months ended April 1, 2017 were $4.5 million and $20.9 million , respectively. Of the amount recorded to SG&A expenses for the three and nine months ended April 1, 2017 , $1.7 million and $12.7 million was recorded in the Stuart Weitzman segment, and $2.8 million and $8.2 million was recorded within Corporate, respectively. The Company incurred acquisition costs of $16.9 million in the fourth quarter of fiscal 2017 related to the Kate Spade acquisition which were recorded within Corporate in SG&A.

Restructuring Activities

Restructuring Activities	9 Months Ended
	Mar. 31, 2018
Restructuring and Related Activities [Abstract]
Restructuring Activities	RESTRUCTURING ACTIVITIES Operational Efficiency Plan During the fourth quarter of fiscal 2016, the Company announced a plan (the “Operational Efficiency Plan”) to enhance organizational efficiency, update core technology platforms and optimize international supply chain and office locations. 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. During the three and nine months ended March 31, 2018 , the Company incurred charges of $2.9 million and $9.5 million , respectively, primarily due to technology infrastructure costs. During the three and nine months ended April 1, 2017 , the Company incurred charges of $6.4 million and $17.2 million , respectively, primarily due to organizational efficiency costs, technology infrastructure costs and to a lesser extent, network optimization costs. Total cumulative charges incurred to date are $77.4 million . These charges were recorded to SG&A expenses. The remaining charges under this plan are expected to approximate $5 million and will be recorded within Corporate. A summary of charges and related liabilities under the Operational Efficiency Plan is as follows: Organizational Efficiency (1) Technology Infrastructure (2) Network Optimization (3) Total (millions) Liability as of July 2, 2016 $ 22.2 $ — $ 3.2 $ 25.4 Fiscal 2017 charges 15.6 8.0 0.4 24.0 Cash payments (23.3 ) (7.7 ) (3.0 ) (34.0 ) Non-cash charges (7.9 ) — (0.6 ) (8.5 ) Liability as of July 1, 2017 $ 6.6 $ 0.3 $ — $ 6.9 Fiscal 2018 charges 0.6 8.9 — 9.5 Cash payments (4.4 ) (8.7 ) — (13.1 ) Non-cash charges (0.8 ) — — (0.8 ) Liability as of March 31, 2018 $ 2.0 $ 0.5 $ — $ 2.5 (1) Organizational efficiency charges, recorded within SG&A expenses, primarily related to accelerated depreciation associated with the retirement of information technology systems, severance and related costs of corporate employees as well as consulting fees related to process and organizational optimization. (2) Technology infrastructure costs, recorded within SG&A expenses, related to the initial costs of replacing and updating the Company’s core technology platforms. (3) Network optimization costs, recorded within SG&A expenses, related to lease termination costs. The balances as of March 31, 2018 and July 1, 2017 are included within accrued liabilities on the Company's Condensed Consolidated Balance Sheets. The above charges were recorded as Corporate expenses within the Company's Condensed Consolidated Statements of Operations.

Acquisitions

Acquisitions	9 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS Kate Spade and Company Acquisition On July 11, 2017, the Company completed its acquisition of Kate Spade & Company for $18.50 per share for a total purchase price of $2.40 billion . As a result, Kate Spade has become a wholly owned subsidiary of the Company. The combination of the Company and Kate Spade & Company creates a leading New York-based luxury lifestyle company with a more diverse multi-brand portfolio supported by significant expertise in handbag design, merchandising, supply chain and retail operations. The aggregate cash paid in connection with the acquisition of Kate Spade was $2.39 billion (or $2.32 billion net of cash acquired), excluding $5.3 million of consideration settled in Tapestry shares, as a result of the conversion of previously granted unvested equity awards held by Kate Spade employees. The Company funded the acquisition through cash on-hand, as well as debt proceeds as described in Note 11, "Debt." The Company accounted for the acquisition of Kate Spade under the acquisition method of accounting for business combinations. Accordingly, the cost was allocated to the underlying net assets based on their respective fair values. The excess of the purchase price over the estimated fair value of the net assets acquired was recorded as goodwill, which consists largely of the synergies expected from the acquisition. The purchase price allocation for the assets acquired and liabilities assumed is substantially complete, however may be subject to change as additional information is obtained during the acquisition measurement period. This may include the assignment of goodwill to other reporting units of the Company when the analysis of expected synergies is completed. The following table summarizes the fair value of the assets acquired and liabilities assumed as of the acquisition date: Assets Acquired and Liabilities Assumed Fair Value (millions) Cash and cash equivalents $ 71.8 Trade accounts receivable 62.8 Inventories (1) 310.1 Prepaid expenses and other current assets 33.9 Property and equipment 175.5 Goodwill (2)(3) 916.1 Brand intangible asset (4) 1,300.0 Other intangible assets (5) 119.2 Other assets 59.0 Total assets acquired 3,048.4 Accounts payable and accrued liabilities 233.3 Deferred income taxes (6) 333.0 Other liabilities (7) 84.8 Total liabilities assumed 651.1 Total purchase price 2,397.3 Less: Cash acquired (71.8 ) Total purchase price, net of cash acquired $ 2,325.5 (1) Included a step-up adjustment of approximately $67.5 million , which was amortized over 4 months . (2) The goodwill balance is not deductible for tax purposes. (3) Subsequent to the acquisition date, the Company made a measurement period adjustment to the fair value of certain assets acquired due to additional information obtained about facts and circumstances that existed as of the date of acquisition. As a result, there was an increase in other assets with a corresponding decrease in goodwill of $8.2 million . There was no impact on the Condensed Consolidated Statements of Operations. Refer to Note 7, "Goodwill and Other Intangible Assets" for more information. (4) The brand intangible asset was valued based on the multi-period excess earnings method, of which the majority is not deductible for tax purposes. (5) The components of other intangible assets included favorable lease rights of approximately $72.2 million (amortized over the remainder of the underlying lease terms), customer relationships of approximately $45.0 million (amortized over 15 years) and order backlog of $2.0 million (amortized over 6 months). Favorable lease rights were valued based on a comparison of market participant information and Company-specific 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. (6) The Company acquired approximately $209.0 million of net deferred tax assets related to Kate Spade historical federal and state net operating losses, which the Company expects to be able to utilize. The deferred tax adjustments resulting from the step-up in basis of acquired assets, most notably the brand intangible asset, resulted in an overall deferred tax liability. This overall deferred tax liability was subsequently re-measured. Refer to Note 14, "Income Taxes," for more information about changes to the Company's deferred tax position as a result of the enactment of the new tax legislation. (7) Includes an adjustment for unfavorable lease rights of approximately $49.5 million (amortized over the remainder of the underlying lease terms). The operational results of Kate Spade for the post-acquisition period from July 11, 2017 to March 31, 2018 are included in the Company’s accompanying Condensed Consolidated Statement of Operations for the three and nine months ended March 31, 2018 . Refer to Note 16, "Segment Information," for the operating results of the Kate Spade business. The following pro forma information has been prepared as if the Kate Spade acquisition and the related debt financing had occurred as of the beginning of fiscal 2017. These adjustments include the removal of certain historical amounts. The pro forma amounts reflect the combined historical operational results for Tapestry and Kate Spade, after giving effect to adjustments related to the impact of purchase accounting, transaction costs and financing. The pro forma financial information is not indicative of the operational results that would have been obtained had the transactions actually occurred as of that date, nor is it necessarily indicative of the Company’s future operational results. The following adjustments have been made: (i) Depreciation and amortization expenses related to the fair value adjustments to Kate Spade's property and equipment and intangible assets have been reflected in the three and nine months ended April 1, 2017. Short-term purchase accounting amortization has been excluded from the pro forma amounts due to the non-recurring nature. (ii) Transaction costs in the three and nine months ended March 31, 2018 have been excluded from the pro forma amounts due to their non-recurring nature. (iii) Interest expense of debt issued to finance the acquisition, including amortization of deferred financing fees, has been reflected in the three and nine months ended April 1, 2017. Historical interest expense for Kate Spade has been removed. (iv) The tax effects of the pro forma adjustments at an estimated statutory rate of 40.0% . (v) Earnings per share amounts are calculated using unrounded numbers and the Company's historical weighted average shares outstanding. Three Months Ended Nine Months Ended March 31, April 1, March 31, April 1, (millions, except per share data) Pro forma Net sales (1) $ 1,322.4 $ 1,264.6 $ 4,429.2 $ 4,404.8 Pro forma Net income (1) 141.5 117.2 261.7 530.2 Pro forma Net income per share: Basic $ 0.49 $ 0.42 $ 0.92 $ 1.89 Diluted $ 0.49 $ 0.41 $ 0.91 $ 1.88 (1) The pro forma results for the three and nine months ended March 31, 2018 includes revenue and operating income from the pre-combination period in fiscal 2018. Distributor Acquisitions and Kate Spade Joint Ventures Operational Control During the third quarter of fiscal 2018, the Company acquired designated assets of its Stuart Weitzman distributor in Northern China, entered into an agreement to take operational control of the Kate Spade Joint Ventures that operate in Mainland China, Hong Kong, Macau and Taiwan in which the Company has 50% interest, and acquired designated assets of its Coach distributor in Australia and New Zealand. The aggregate purchase consideration for the three acquisitions was $153.7 million , of which $106.9 million will be paid in cash and the remaining is related to non-cash consideration. Of the cash consideration, $58.9 million (or $53.0 million net of cash acquired) was paid during the third quarter of fiscal 2018 and the remaining will be paid in the future. Of the total purchase consideration of $153.7 million , $50.0 million of net assets were recorded at their fair values, and the excess of the purchase consideration over the fair value of the net assets acquired was recorded as non-tax deductible goodwill in the amount of $103.7 million . Of this amount, $52.8 million , $49.3 million and $1.6 million were assigned to the Company's Kate Spade, Stuart Weitzman and Coach segments, respectively. The results of the operations of each acquired entity have been included in the condensed consolidated financial statements since the respective date of each acquisition. The purchase price allocation for these assets acquired and liabilities assumed is substantially complete, however may be subject to change as additional information is obtained during the acquisition measurement period. The pro forma results are not presented for these acquisitions as they are immaterial.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The change in the carrying amount of the Company’s goodwill by segment is as follows: Coach Kate Spade Stuart Weitzman Total (millions) Balance at July 1, 2017 $ 324.5 $ — $ 156.0 $ 480.5 Foreign exchange impact 18.1 2.7 0.6 21.4 Acquisition of goodwill (1) 1.6 968.9 49.3 1,019.8 Measurement period adjustment (2) — (8.2 ) — (8.2 ) Balance at March 31, 2018 $ 344.2 $ 963.4 $ 205.9 $ 1,513.5 (1) Refer to Note 6, "Acquisitions," for further information. The Company may assign goodwill to other reporting units of the Company when the analysis of expected synergies is completed. (2) During the third quarter of fiscal 2018, the Company made a measurement period adjustment to the fair value of certain assets acquired due to additional information obtained about facts and circumstances that existed as of the date of acquisition. As a result, there was an increase in other assets with a corresponding decrease in goodwill of $8.2 million . There was no impact on the Condensed Consolidated Statements of Operations. Intangible Assets Intangible assets consist of the following: March 31, 2018 July 1, 2017 Gross Accum. Net Gross Accum. Net (millions) Intangible assets subject to amortization: Customer relationships $ 99.7 $ (14.4 ) $ 85.3 $ 54.7 $ (9.7 ) $ 45.0 Order backlog 2.0 (2.0 ) — — — — Favorable lease rights 97.5 (19.3 ) 78.2 26.1 (7.1 ) 19.0 Total intangible assets subject to amortization 199.2 (35.7 ) 163.5 80.8 (16.8 ) 64.0 Intangible assets not subject to amortization: Trademarks and trade names 1,576.8 — 1,576.8 276.8 — 276.8 Total intangible assets $ 1,776.0 $ (35.7 ) $ 1,740.3 $ 357.6 $ (16.8 ) $ 340.8 As of March 31, 2018 , the expected amortization expense for intangible assets is as follows: Amortization Expense (millions) Remainder of fiscal 2018 $ 4.9 Fiscal 2019 22.0 Fiscal 2020 20.3 Fiscal 2021 18.9 Fiscal 2022 16.9 Fiscal 2023 15.9 Fiscal 2024 and thereafter 64.6 Total $ 163.5 The expected amortization expense above reflects remaining useful lives ranging from approximately 12.1 to 14.3 years for customer relationships and the remaining lease terms ranging from approximately 3 months to 17.0 years for favorable lease rights.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Stockholders' Equity	STOCKHOLDERS' EQUITY A reconciliation of stockholders' equity is presented below: Shares of Common Stock Common Stock Additional Paid-in- Capital (Accumulated Deficit) / Retained Earnings Accumulated Other Comprehensive Loss Total Stockholders' Equity (millions, except per share data) Balance at July 2, 2016 278.5 $ 2.8 $ 2,857.1 $ (104.1 ) $ (72.9 ) $ 2,682.9 Net income — — — 439.3 — 439.3 Other comprehensive loss — — — — (20.9 ) (20.9 ) Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes 2.6 — 18.9 — — 18.9 Share-based compensation — — 56.8 — — 56.8 Excess tax effect from share-based compensation — — (1.0 ) — — (1.0 ) Dividends declared ($1.0125 per share) — — — (284.1 ) — (284.1 ) Balance at April 1, 2017 281.1 $ 2.8 $ 2,931.8 $ 51.1 $ (93.8 ) $ 2,891.9 Balance at July 1, 2017 281.9 $ 2.8 $ 2,978.3 $ 107.7 $ (86.9 ) $ 3,001.9 Net income — — — 185.8 — 185.8 Other comprehensive income — — — — 40.5 40.5 Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes 5.9 0.1 126.6 — — 126.7 Share-based compensation — — 66.8 — — 66.8 Additional paid-in-capital as part of purchase consideration — — 5.3 — — 5.3 Dividends declared ($1.0125 per share) — — — (289.0 ) — (289.0 ) Balance at March 31, 2018 287.8 $ 2.9 $ 3,177.0 $ 4.5 $ (46.4 ) $ 3,138.0 The components of accumulated other comprehensive loss ("AOCI"), as of the dates indicated, are as follows: Unrealized (Losses) Gains on Cash Flow Hedging Derivatives (1) Unrealized Gains (Losses) on Available- for-Sale Investments Cumulative Translation Adjustment Other (2) Total (millions) Balances at July 2, 2016 $ (8.8 ) $ 0.3 $ (62.9 ) $ (1.5 ) $ (72.9 ) Other comprehensive income (loss) before reclassifications 5.6 (0.8 ) (31.6 ) — (26.8 ) Less: losses reclassified from accumulated other comprehensive income to earnings (5.9 ) — — — (5.9 ) Net current-period other comprehensive income (loss) 11.5 (0.8 ) (31.6 ) — (20.9 ) Balances at April 1, 2017 $ 2.7 $ (0.5 ) $ (94.5 ) $ (1.5 ) $ (93.8 ) Balances at July 1, 2017 $ 3.0 $ (0.4 ) $ (89.1 ) $ (0.4 ) $ (86.9 ) Other comprehensive (loss) income before reclassifications (4.8 ) 0.5 46.9 — 42.6 Less: income reclassified from accumulated other comprehensive income to earnings 2.0 0.1 — — 2.1 Net current-period other comprehensive (loss) income (6.8 ) 0.4 46.9 — 40.5 Balances at March 31, 2018 $ (3.8 ) $ — $ (42.2 ) $ (0.4 ) $ (46.4 ) (1) The ending balances of AOCI related to cash flow hedges are net of tax of $1.6 million and ($1.4) million as of March 31, 2018 and April 1, 2017 , respectively. The amounts reclassified from AOCI are net of tax of ($1.7) million and $3.1 million as of March 31, 2018 and April 1, 2017 , respectively. (2) Other represents the accumulated loss on the Company's minimum pension liability adjustment. The balances at March 31, 2018 and April 1, 2017 are net of tax of $0.2 million and $0.8 million, respectively.

Earnings per Share

Earnings per Share	9 Months Ended
	Mar. 31, 2018
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 31, April 1, March 31, April 1, (millions, except per share data) Net income $ 140.3 $ 122.2 $ 185.8 $ 439.3 Weighted-average basic shares 286.2 280.8 284.7 280.2 Dilutive securities: Effect of dilutive securities 3.9 2.1 3.1 2.0 Weighted-average diluted shares 290.1 282.9 287.8 282.2 Net income per share: Basic $ 0.49 $ 0.44 $ 0.65 $ 1.57 Diluted $ 0.48 $ 0.43 $ 0.65 $ 1.56 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 31, 2018 and April 1, 2017 , there were 4.2 million and 9.9 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. 31, 2018
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 Company's Condensed Consolidated Statements of Operations for the periods indicated: Three Months Ended Nine Months Ended March 31, 2018 (1) April 1, March 31, 2018 (1) April 1, 2017 (millions) Share-based compensation expense $ 22.8 $ 20.1 $ 66.8 $ 56.8 Income tax benefit related to share-based compensation expense (2) 5.9 6.4 17.8 17.5 (1) During the three and nine months ended March 31, 2018 , the Company incurred $0.4 million and $5.1 million of share-based compensation expense, respectively, related to severance as a result of integration. There was no share-based compensation expense under the Operational Efficiency Plan for the three months ended March 31, 2018 and $0.8 million for the nine months ended March 31, 2018 . During the three and nine months ended April 1, 2017 , the Company incurred $1.2 million and $1.7 million , respectively, of share-based compensation expense under the Operational Efficiency Plan. (2) The tax rates used to calculate the income tax benefit for fiscal 2018 are based on the enactment of the new tax legislation in the second quarter of fiscal 2018. Refer to Note 14, "Income Taxes," for further information. Stock Options A summary of stock option activity during the nine months ended March 31, 2018 is as follows: Number of Options Outstanding Weighted-Average Exercise Price per Option (millions) Outstanding at July 1, 2017 15.0 $ 39.75 Granted 3.1 41.82 Exercised (4.5 ) 48.08 Forfeited or expired (0.8 ) 45.11 Outstanding at March 31, 2018 12.8 36.99 Vested and expected to vest at March 31, 2018 12.6 42.73 Exercisable at March 31, 2018 6.7 46.24 At March 31, 2018 , $29.5 million of total unrecognized compensation cost related to non-vested stock option awards is expected to be recognized over a weighted-average period of 1.3 years. The weighted-average grant-date fair value of options granted during the nine months ended March 31, 2018 and April 1, 2017 was $7.75 and $7.32 , respectively. The total intrinsic value of options exercised during the nine months ended March 31, 2018 and April 1, 2017 was $57.2 million and $8.4 million , respectively. The total cash received from option exercises was $156.7 million and $39.2 million for the nine months ended March 31, 2018 and April 1, 2017 , respectively, and the cash tax benefit realized for the tax deductions from these option exercises was approximately $10.4 million and $3.3 million , respectively. Service-based Restricted Stock Unit Awards ("RSUs") A summary of service-based RSU activity during the nine months ended March 31, 2018 is as follows: Number of Non-vested RSUs Weighted- Average Grant- Date Fair Value per RSU (millions) Non-vested at July 1, 2017 3.5 $ 50.28 Granted 1.6 43.31 Awards issued in connection with acquisition 0.4 47.26 Vested (1.7 ) 47.21 Forfeited (0.3 ) 39.55 Non-vested at March 31, 2018 3.5 49.18 At March 31, 2018 , $83.4 million of total unrecognized compensation cost related to non-vested share awards is expected to be recognized over a weighted-average period of 1.3 years. The weighted-average grant-date fair value of share awards granted during the nine months ended March 31, 2018 and April 1, 2017 was $43.31 and $39.43 , respectively. The total fair value of shares vested during the nine months ended March 31, 2018 and April 1, 2017 was $82.1 million and $67.7 million , respectively. Performance-based Restricted Stock Unit Awards ("PRSUs") A summary of PRSU activity during the nine months ended March 31, 2018 is as follows: Number of Non-vested PRSUs Weighted- Average Grant- Date Fair Value per PRSU (millions) Non-vested at July 1, 2017 1.5 $ 37.78 Granted 0.3 41.22 Change due to performance condition achievement (0.6 ) 47.32 Vested (0.2 ) 46.89 Forfeited (0.1 ) 36.88 Non-vested at March 31, 2018 0.9 30.64 At March 31, 2018 , $13.5 million of total unrecognized compensation cost related to non-vested PRSU awards is expected to be recognized over a weighted-average period of 1.2 years. The PRSU awards included in the non-vested amount are based on certain Company-specific financial and operational metrics. The weighted-average grant-date fair value per share of PRSU awards granted during the nine months ended March 31, 2018 and April 1, 2017 was $41.22 and $39.53 , respectively. The total fair value of awards that vested during the nine months ended March 31, 2018 and April 1, 2017 was $11.4 million and $0.9 million , respectively. In the nine months ended March 31, 2018 and April 1, 2017 , the cash tax benefit realized for the tax deductions from all RSUs (service and performance-based) was $16.7 million and $19.3 million , respectively.

Debt

Debt	9 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt	DEBT The following table summarizes the components of the Company’s outstanding debt: March 31, 2018 July 1, 2017 (millions) Current Debt: Capital Lease Obligations $ 0.7 $ — Total Current Debt $ 0.7 $ — Long-Term Debt: 4.250% Senior Notes due 2025 $ 600.0 $ 600.0 3.000% Senior Notes due 2022 400.0 400.0 4.125% Senior Notes due 2027 600.0 600.0 Note Payable 11.4 — Capital Lease Obligations 6.3 — Total Long-Term Debt 1,617.7 1,600.0 Less: Unamortized Discount and Debt Issuance Costs (18.2 ) (20.5 ) Total Long-Term Debt, net $ 1,599.5 $ 1,579.5 During the three and nine months ended March 31, 2018 , the Company recognized interest expense related to its debt of $18.9 million and $68.6 million , respectively. During the three and nine months ended April 1, 2017 , the Company recognized interest expense related to its debt of $7.1 million and $21.5 million , respectively. Credit Facilities/Term Loans On May 30, 2017, the Company entered into a definitive credit agreement whereby Bank of America, N.A., as administrative agent, the other agents party thereto, and a syndicate of banks and financial institutions have (i) committed to lend to the Company, subject to the satisfaction or waiver of the conditions set forth in the agreement, an $800.0 million term loan facility maturing six months after the term loans thereunder are borrowed (the “ Six -Month Term Loan Facility”), and a $300.0 million term loan facility maturing three years after the term loans thereunder are borrowed (collectively with the Six -Month Term Loan Facility, the “Term Loan Facilities”) and (ii) made available to the Company a $900.0 million revolving credit facility, including sub-facilities for letters of credit, with a maturity date of May 30, 2022 (the “Revolving Credit Facility,” collectively with the Term Loan Facilities, "the Facility"). The Revolving Credit Facility replaced the Company’s previously existing revolving credit facility under the Amendment and Restatement Agreement, dated as of March 18, 2015, by and between the Company, certain lenders and JPMorgan Chase Bank, N.A., as administrative agent. The Revolving Credit Facility may be used to finance the working capital needs, capital expenditures, permitted investments, share purchases, dividends and other general corporate purposes of the Company and its subsidiaries (which may include commercial paper back-up). Letters of credit and swing line loans may be issued under the Revolving Credit Facility as described below. On July 10, 2017, the Company borrowed $800.0 million under the Six-Month Term Loan Facility and $300.0 million under the Three -Year Term Loan Facility to pay a portion of the purchase price of the Company's acquisition of Kate Spade. On January 10, 2018 the Company repaid the Six -Month Term Loan Facility in accordance with the terms of the agreement. On January 24, 2018, the Company repaid the Three -Year Term Loan Facility, earlier than the terms in the agreement. Accordingly, there were no outstanding borrowings under the Term Loan Facilities and no outstanding borrowings on the Revolving Credit Facility as of March 31, 2018 . Borrowings under the Revolving Credit Facility bear interest at a rate per annum equal to, at the Borrowers’ option, either (a) 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% ) or (b) 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, in each case, an applicable margin. The applicable margin will be determined by reference to a grid, as defined in the Credit Agreement, based on the ratio of (a) consolidated debt plus 600% of consolidated lease expense to (b) consolidated EBITDAR. Additionally, the Company pays a commitment fee at a rate determined by the reference to the aforementioned pricing grid. 4.250% Senior Notes due 2025 On March 2, 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 “2025 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 2025 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 2025 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 2025 Senior Notes calculated as if the maturity date of the 2025 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 2025 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 2025 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 2025 Senior Notes to be redeemed, plus accrued and unpaid interest to the redemption date. 3.000% Senior Notes due 2022 On June 20, 2017, the Company issued $400.0 million aggregate principal amount of 3.000% senior unsecured notes due July 15, 2022 at 99.505% of par (the "2022 Senior Notes"). Interest is payable semi-annually on January 15 and July 15 beginning January 15, 2018. Prior to June 15, 2022 (one month prior to the scheduled maturity date), the Company may redeem the 2022 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 2022 Senior Notes to be redeemed or (2) as determined by a Quotation Agent, 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 2022 Senior Notes calculated as if the maturity date of the 2022 Senior Notes was June 15, 2022 (not including any portion of payments of interest accrued to the date of redemption), discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate (as defined in the Prospectus Supplement) plus 25 basis points, plus, in the case of each of (1) and (2), accrued and unpaid interest to the redemption date. 4.125% Senior Notes due 2027 On June 20, 2017, the Company issued $600.0 million aggregate principal amount of 4.125% senior unsecured notes due July 15, 2027 at 99.858% of par (the "2027 Senior Notes"). Interest is payable semi-annually on January 15 and July 15 beginning January 15, 2018. Prior to April 15, 2027 (the date that is three months prior to the scheduled maturity date), the Company may redeem the 2027 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 2027 Senior Notes to be redeemed or (2) as determined by a Quotation Agent, 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 2027 Senior Notes calculated as if the maturity date of the 2027 Senior Notes was April 15, 2027 (not including any portion of payments of interest accrued to the date of redemption), discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate (as defined in the Prospectus Supplement) plus 30 basis points, plus, in the case of each of (1) and (2), accrued and unpaid interest to the redemption date. At March 31, 2018 and July 1, 2017 , the total fair value of the 2025, 2022 and 2027 Senior Notes was approximately $1.57 billion and $1.62 billion , 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 a Level 2 measurement within the fair value hierarchy.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2018
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 Company does not have any Level 3 investments. The following table shows the fair value measurements of the Company’s financial assets and liabilities at March 31, 2018 and July 1, 2017 : Level 1 Level 2 March 31, July 1, March 31, July 1, (millions) Assets: Cash equivalents (1) $ 387.3 $ 760.0 $ 0.4 $ 226.0 Short-term investments : Time deposits (2) — — 0.7 0.6 Commercial paper (2) — — — 68.8 Government securities - U.S. (2) — 130.4 — — Corporate debt securities - U.S. (2) — — — 116.2 Corporate debt securities - non U.S. (2) — — — 92.6 Other — — 5.9 2.1 Long-term investments : Government securities - non U.S. (3) 0.1 — — — Corporate debt securities - U.S. (3) — — — 46.9 Corporate debt securities - non U.S. (3) — — — 28.2 Derivative Assets : Inventory-related hedges (4) — — 1.8 3.5 Intercompany loan hedges (4) — — 1.7 — Liabilities: Derivative liabilities : Inventory-related hedges (4) — — 6.5 1.0 Intercompany loan hedges (4) — — 0.1 0.7 (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. (3) Fair value is primarily determined using vendor or broker priced securities in active markets. (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. 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.

Investments

Investments	9 Months Ended
	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Investments	INVESTMENTS The following table summarizes the Company’s U.S. dollar-denominated investments, recorded within the Company's Condensed Consolidated Balance Sheets as of March 31, 2018 and July 1, 2017 : March 31, 2018 July 1, 2017 Short-term Long-term Total Short-term Long-term Total (millions) Available-for-sale investments: Commercial paper (1) $ — $ — $ — $ 68.8 $ — $ 68.8 Government securities - U.S. — — — 130.4 — 130.4 Government securities - non-U.S. — 0.1 0.1 — — — Corporate debt securities - U.S. — — — 116.2 46.9 163.1 Corporate debt securities - non-U.S. — — — 92.6 28.2 120.8 Available-for-sale investments, total $ — $ 0.1 $ 0.1 $ 408.0 $ 75.1 $ 483.1 Other: Time deposits (1) 0.7 — 0.7 0.6 — 0.6 Other 5.9 — 5.9 2.1 — 2.1 Total Investments $ 6.6 $ 0.1 $ 6.7 $ 410.7 $ 75.1 $ 485.8 (1) These securities have original maturities greater than three months and are recorded at fair value. There were no material gross unrealized gains or losses on available-for-sale securities during the periods ended March 31, 2018 and July 1, 2017 .

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax	INCOME TAXES On December 22, 2017, H.R.1, formerly known as the Tax Cuts and Jobs Act (the “Tax Legislation”) was enacted. The Tax Legislation significantly revises the U.S. tax code by (i) lowering the U.S federal statutory income tax rate from 35% to 21% , (ii) implementing a territorial tax system, (iii) imposing a one-time transition tax on deemed repatriated earnings of foreign subsidiaries ("Transition Tax"), (iv) requiring current inclusion of global intangible low taxed income (“GILTI”) of certain earnings of controlled foreign corporations in U.S. federal taxable income, (v) creating the base erosion anti-abuse tax (“BEAT”) regime, (vi) implementing bonus depreciation that will allow for full expensing of qualified property, and (vii) limiting deductibility of interest and executive compensation expense, among other changes. Due to the fact that the Company is a fiscal year filer, the blended U.S. federal statutory rate for fiscal 2018 is 28.0% . The U.S. federal statutory rate will be 21.0% in fiscal 2019 and thereafter. The Company recorded the applicable impact of the Tax Legislation within its provision for income taxes in the quarter ended March 31, 2018. The Company has recorded the required income tax effects under the Tax Legislation and provided disclosure pursuant to ASC 740, Income Taxes, and the SEC Staff Accounting Bulletin ("SAB") 118, using its best estimates based on reasonable and supportable assumptions and available inputs and underlying information as of the reporting date. The two provisions that significantly impact the Company for fiscal 2018 are the calculation of the Transition Tax and the impact of the U.S. federal statutory rate reduction, from 35% to 21%, on the current and deferred tax provision and related accounts. These amounts were recorded as provisional pursuant to SAB 118 since both require more detailed information before these amounts can be finalized. All amounts recorded were based on current available guidance on interpretation of the Tax Legislation, and reasonable approaches to estimating their impact. Pursuant to SAB 118, for certain elements of the Tax Legislation for which a reasonable estimate could not be determined, the Company has not reported provisional amounts related to these elements and has continued to account for them in accordance with ASC 740 based on the tax laws in effect before the Tax Legislation. The amounts recorded in the three and nine months ended March 31, 2018 are subject to adjustment as future guidance becomes available, additional facts become known or estimation approaches are refined. The following table represents amounts recorded to provision for income taxes in the nine months ended March 31, 2018 for items related to the Tax Legislation: Nine Months Ended March 31, 2018 (millions) Impact of Change in U.S. Federal Statutory Rate on Pre-Tax Income $ (9.6 ) Discrete Impacts of Tax Legislation: Transition Tax (1) 304.3 Re-measurement of Deferred Taxes (2) (104.7 ) Total Impact of Tax Legislation $ 190.0 (1) The Tax Legislation requires the Company to pay a Transition Tax on previously unremitted earnings of certain non-U.S. subsidiaries. The Transition Tax is payable in installments over 8 years beginning in calendar 2018. In the nine months ended March 31, 2018, the Company recorded a cumulative charge of $304.3 million for the Transition Tax. Given that a portion of the total anticipated charge must be recognized ratably throughout fiscal 2018, the Company anticipates recording an additional charge during the remainder of fiscal 2018 or approximately $315 million for the full fiscal year ended June 30, 2018. In the nine months ended March 31, 2018, $270.9 million is recorded as long-term income taxes payable and $33.4 million is recorded in accrued liabilities related to the current portion of this payable on the Company's Condensed Consolidated Balance Sheet as of March 31, 2018. Additional detailed information required to complete the calculation includes, but is not limited to, (i) completing a foreign earnings and profit study to determine the Company’s deferred foreign income since 1986, including all acquisitions; (ii) determining foreign taxes paid against deferred foreign income; and (iii) determining whether the Company has an Overall Foreign Loss. Prior to the reporting period in which the Tax Legislation was enacted, the Company did not recognize a deferred tax liability related to unremitted foreign earnings because it overcame the presumption of the repatriation of foreign earnings. As a result of the enactment of the Tax Legislation, the Company has recorded a provisional Transition Tax related to all post-1986 earnings of its non-U.S. subsidiaries. The Company is still evaluating whether those earnings will be repatriated to the U.S. and if there are any additional tax consequences resulting from the repatriation. Due to the complexity surrounding the application of new Tax Legislation, the Company will continue to evaluate outside basis differences and any related impact. The Company expects that the Transition Tax will result in an increase to Provision for income taxes of approximately $315 million in fiscal 2018. Based on the interpretation of available guidance, the Company expects to remit the first payment on the due date of its fiscal year 2018 income tax return, which will be in fiscal 2019. The balance of annual payments will be paid ratably in our quarterly estimated tax payments. The following table presents the expected timing of income tax payments related to the Transition Tax expected to be recognized by the Company in fiscal 2018: Transition Tax Payments (millions) Remainder of fiscal 2018 $ — Fiscal 2019 50.4 Fiscal 2020 25.2 Fiscal 2021 25.2 Fiscal 2022 25.2 Fiscal 2023 47.3 Fiscal 2024 and thereafter 141.7 Total $ 315.0 (2) Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. The Company has estimated the rate change adjustment related to the deferred tax balances that will reverse within the 2018 fiscal year at a blended U.S federal statutory income tax rate of 28% and those that will reverse after the 2018 fiscal year at the U.S federal statutory income tax rate of 21%. This deferred tax rate change adjustment is provisional and will be finalized after the Company completes its fiscal year. This amount will change if the estimated timing of the deferred tax impacts shifts between fiscal 2018 and fiscal 2019 and beyond. The Company’s estimated adjustment may also be affected by other analysis related to the Tax Legislation, including, but not limited to, the calculation of deemed repatriation of deferred foreign income and the U.S. state income tax effect of adjustments made to federal temporary differences, such as the full expensing of qualified property which may not be allowed from a state tax perspective. The Tax Legislation includes substantial changes to the taxation of foreign income, effectively converting the U.S. to a territorial income tax regime. Notable changes include that foreign earnings after December 31, 2017 will generally be eligible for a 100% dividends received exemption, however companies may be subject to the BEAT and GILTI, which would increase the U.S federal statutory income tax rate above 21%. With limited exception, these tax regimes do not impact the Company until fiscal year 2019, and based on current facts and circumstances, the Company believes that GILTI is the tax regime most likely to apply. Under the GILTI regime, a portion of the Company’s foreign earnings will be subject to U.S. taxation, offset by available foreign tax credits subject to certain limitations. To the extent a company’s foreign operations are subject to GILTI and there is an existing outside basis difference in the Company’s foreign investments that exists within the reporting period, the Company may need to record a deferred tax liability for some portion of the anticipated additional tax resulting from future GILTI inclusions. For companies subject to GILTI, the FASB has indicated that companies are allowed to choose to record a deferred tax liability related to the outside basis difference in the fiscal year of enactment or record the future tax associated with GILTI as a period cost in the period said foreign earnings are included on the U.S. tax return. The Company is currently in the process of evaluating whether an outside basis difference in foreign investments exists and to what extent it will be subject to GILTI. Accordingly, the Company has recorded no additional deferred tax liability as of the quarter ended March 31, 2018. Other provisions of the new legislation that are not applicable to the Company until fiscal 2019 include, but are not limited to, limiting deductibility of interest and executive compensation expense. Based on current facts and circumstances, we do not anticipate the impact of these provisions to be material to the overall financial statements.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Letters of Credit The Company had standby letters of credit, surety bonds and bank guarantees totaling $23.7 million and $9.0 million outstanding at March 31, 2018 and July 1, 2017 , respectively. The agreements, which expire at various dates through calendar 2039, primarily collateralize the Company's obligation to third parties for leases, insurance claims, duty and materials used in product manufacturing. The Company pays certain fees with respect to these instruments that are issued. Tax Legislation The Tax Legislation requires the Company to pay a one-time tax, or Transition Tax on previously unremitted earnings of certain non-U.S. subsidiaries. The Company expects to pay approximately $315 million related to the Transition Tax. Refer to Note 14, "Income Taxes," for more information related to the impact of the Tax Legislation. Other The Company had other contractual cash obligations as of March 31, 2018 related to debt repayments. Refer to Note 11, "Debt," for further information. In the ordinary course of business, the Company is a party to several pending legal proceedings and claims. Although the outcome of such items cannot be determined with certainty, the Company's general counsel and management are of the opinion that the final outcome will not have a material effect on the Company’s cash flow, results of operations or financial position.

Segment Information

Segment Information	9 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION Prior to fiscal 2018, the Company had the following three reportable segments: North America (Coach brand), International (Coach brand) and Stuart Weitzman. Beginning in fiscal 2018 , the Company realigned its business following the acquisition of Kate Spade. The Company now has three reportable segments, which are the Company's operating segments. These segments are based on its business activities and organization: • Coach - Includes worldwide sales of Coach brand products to customers through Coach-operated stores, including the Internet, concession shop-in-shops and sales to wholesale customers and independent third party distributors. • Kate Spade - Includes worldwide sales primarily of kate spade new york brand products to customers through Kate Spade operated stores, including the Internet, concession shop-in-shops, independent third party distributors and to wholesale customers. • Stuart Weitzman - Includes worldwide sales of Stuart Weitzman brand products primarily to wholesale customers, numerous independent third party distributors and through Stuart Weitzman operated stores, including the Internet. The new segment structure is consistent with how the Company establishes its overall business strategy, allocates resources and assesses performance of its business. Additionally, certain costs were reclassified in fiscal 2017 results from Corporate to the Coach and Stuart Weitzman segments, as the costs can now be specifically identified to a segment. The following table summarizes segment performance for the three and nine months ended March 31, 2018 and April 1, 2017 : Coach (1) Kate (1) Stuart Weitzman (1) Corporate (2) Total (millions) Three Months Ended March 31, 2018 Net sales $ 969.3 $ 269.3 $ 83.8 $ — $ 1,322.4 Gross profit 691.3 172.3 45.3 — 908.9 Operating income (loss) 240.9 3.8 (11.6 ) (74.1 ) 159.0 Income (loss) before provision for income taxes 240.9 3.8 (11.6 ) (91.0 ) 142.1 Depreciation and amortization expense (3) 33.0 18.8 4.2 9.9 65.9 Additions to long-lived assets (4) 29.9 2.3 1.2 26.7 60.1 Three Months Ended April 1, 2017 Net sales $ 915.3 $ — $ 79.9 $ — $ 995.2 Gross profit 656.1 — 49.6 — 705.7 Operating income (loss) 222.9 — 2.5 (74.3 ) 151.1 Income (loss) before provision for income taxes 222.9 — 2.5 (78.3 ) 147.1 Depreciation and amortization expense (3) 34.7 — 4.0 11.5 50.2 Additions to long-lived assets (4) 32.3 — 2.5 35.6 70.4 Nine Months Ended March 31, 2018 Net sales $ 3,122.6 $ 972.8 $ 300.9 $ — $ 4,396.3 Gross profit 2,169.4 506.6 174.7 — 2,850.7 Operating income (loss) 800.4 (85.8 ) 18.1 (249.1 ) 483.6 Income (loss) before provision for income taxes 800.4 (85.8 ) 18.1 (308.7 ) 424.0 Depreciation and amortization expense (3) 103.5 49.0 12.2 32.7 197.4 Additions to long-lived assets (4) 103.8 16.3 4.4 62.1 186.6 Nine Months Ended April 1, 2017 Net sales $ 3,068.8 $ — $ 285.7 $ — $ 3,354.5 Gross profit 2,149.9 — 176.7 — 2,326.6 Operating income (loss) 793.9 — 18.4 (217.9 ) 594.4 Income (loss) before provision for income taxes 793.9 — 18.4 (232.7 ) 579.6 Depreciation and amortization expense (3) 103.0 — 11.7 39.2 153.9 Additions to long-lived assets (4) 115.7 — 17.4 59.0 192.1 (1) During the first quarter of fiscal 2018, the Company completed its acquisition of Kate Spade & Company. During the third quarter of fiscal 2018, the Company completed its acquisition of certain distributors for the Coach and Stuart Weitzman brands and obtained operating control of the Kate Spade Joint Ventures. The operating results of the respective entity have been consolidated commencing on the date of each transaction. (2) Corporate, which is not a reportable segment, represents certain costs that are not directly attributable to a brand. These costs primarily include administration and information systems expense. Furthermore, certain integration and acquisition costs as well as costs under the Operational Efficiency Plan as described in Note 4, "Integration and Acquisitions Costs," and Note 5, "Restructuring Activities," respectively, are included within Corporate. (3) Depreciation and amortization expense includes $3.6 million and $8.8 million of Integration & Acquisitions costs for the three and nine months ended March 31, 2018 , respectively. Depreciation and amortization expense includes $1.7 million and $5.2 million of Operational Efficiency Plan charges for the three and nine months ended April 1, 2017 , respectively. These charges are recorded within Corporate. There were no costs incurred related to the Operational Efficiency Plan during the three and nine months ended March 31, 2018 . Depreciation and amortization expense for the segments includes an allocation of expense related to assets which support multiple segments. (4) Additions to long-lived assets for the reportable segments primarily includes store assets as well as assets that support a specific brand. Corporate additions include all other assets which includes a combination of Corporate assets, as well as assets that may support all segments. As such, depreciation expense for these assets may be subsequently allocated to a reportable segment.

Headquarters Transactions

Headquarters Transactions	9 Months Ended
	Mar. 31, 2018
Leases [Abstract]
Headquarters Transactions	HEADQUARTERS TRANSACTIONS Sale of Interest and Lease Transaction of Hudson Yards During the first quarter of fiscal 2017, the Company announced the sale of its investments in 10 Hudson Yards, in New York City, and the lease of its new global headquarters. The Company sold its equity investment in the Hudson Yards joint venture as well as net fixed assets related to the design and build-out of the space. The Company received a purchase price of approximately $707 million (net of approximately $77 million due to the developer of Hudson Yards) before transaction costs of approximately $26 million , resulting in a gain of $28.8 million , which will be amortized through SG&A expenses over the lease term of 20 years, as discussed below. The Company has simultaneously entered into a 20 -year lease, accounted for as an operating lease, for the headquarters space in the building, comprised of approximately 694,000 square feet. Under the lease, the Company has the right to expand its premises to portions of the 24 th and 25 th floors of the building and has a right of first offer with respect to available space on the 26 th floor of the building. The total commitment related to this lease is approximately $1.05 billion , with minimum lease payments of $41.4 million due in fiscal 2017, $45.1 million due each year from fiscal 2018 through fiscal 2021, and $825.5 million total due for years subsequent to 2021. In addition to its fixed rent obligations, the Company is obligated to pay its percentage share for customary escalations for operating expenses attributable to the building and the Hudson Yards development, taxes and tax related payments. The Company is not obligated to pay any amount of contingent rent. Sale of Former Headquarters During the second quarter of fiscal 2017, the Company completed the sale of its former headquarters on West 34th Street. Net cash proceeds of $126.0 million were generated and the sale did not result in a material gain or loss. Sublease Agreement On September 13, 2017, the Company entered into a Sublease (the "Sublease"), as sublandlord, with The Guardian Life Insurance Company of America, a New York mutual insurance company ("Guardian"), as subtenant, pursuant to which the Company has agreed to sublease to Guardian three floors of the Company's leased space at 10 Hudson Yards, New York, NY, consisting of approximately 148,813 square feet of office space. The term of the Sublease expires on June 29, 2036 (the "Expiration Date"). The rent commencement date under the Sublease is estimated to occur on February 1, 2019. Under the terms of the Sublease, and assuming a rent commencement date of February 1, 2019, Guardian has agreed to pay monthly base rent to the Company of approximately $0.8 million from March 1, 2019 through June 30, 2019 and monthly base rent ranging from approximately $1.1 million to $1.3 million depending on the period from July 1, 2019 through the Expiration Date. In addition to monthly base rent, Guardian has agreed to pay to the Company Guardian’s proportionate share of increases in payments in lieu of taxes and taxes over the tax year commencing July 1, 2019, as well as Guardian’s proportionate share of increases in operating expenses over the operating year commencing January 1, 2019. Subject to certain customary conditions set forth in the Sublease, the Company has agreed to reimburse Guardian for certain subtenant improvements in an amount equal to $80.00 per rentable square foot, or approximately $11.9 million in the aggregate, subject to a deduction equal to $10.00 per rentable square foot, or approximately $1.5 million in the aggregate, for work previously performed by or on behalf of the Company.

Basis of Presentation and Org24

Basis of Presentation and Organization (Policies)	9 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Periods	Fiscal Periods The Company utilizes a 52-53 week fiscal year ending on the Saturday closest to June 30. Fiscal 2018 will be a 52-week period. Fiscal 2017 ended on July 1, 2017 and was also a 52-week period ("fiscal 2017"). The third quarter of fiscal 2018 ended on March 31, 2018 and was a 13-week period. The third quarter of fiscal 2017 ended on April 1, 2017 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 (including the impacts of the new tax legislation) 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.
Principles of Consolidation	Principles of Consolidation These unaudited interim condensed consolidated financial statements include the accounts of the Company and all 100% owned and controlled subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.
Reclassifications	Reclassifications Certain reclassifications have been made to the prior periods' financial information in order to conform to the current period's presentation, including the realignment of the Company's segment reporting structure, as further described in Note 16, "Segment Information."
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Adopted Accounting Pronouncements In February 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2018-02, "Income Statement- Reporting Comprehensive Income (Topic 220)," which allows a reclassification from accumulated other comprehensive income (loss) to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017. An entity that elects to reclassify these amounts must reclassify stranded tax effects related to the change in federal tax rate for all items accounted for in accumulated other comprehensive income (loss). This ASU is effective for fiscal years and interim periods within those years beginning after December 15, 2018 and early adoption is permitted. The Company adopted this standard in the third quarter of fiscal 2018 and reclassified stranded amounts related to the cash flow hedges from accumulated other comprehensive loss to retained earnings. The reclassification and adoption did not have a material impact to the consolidated financial statements, including accumulated other comprehensive loss and retained earnings. During the first quarter of fiscal 2018, the Company adopted 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 beginning in fiscal 2018. Additionally, the Company began recognizing 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 Company adopted this standard prospectively, which resulted in a decrease in the tax provision of $9.8 million and $15.5 million for the three and nine months ended March 31, 2018 , respectively. Future impacts of the adoption of this standard on the consolidated financial statements, particularly the income tax provision, will be dependent upon future events which are unpredictable. The Company has elected to continue to estimate expected forfeitures in determining compensation expense. Recently Issued Accounting Pronouncements Not Yet Adopted In August 2017, the FASB issued ASU No. 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities," which amends the hedge accounting recognition and presentation requirements in ASC 815. The objective of this ASU is to improve the transparency and understandability of information conveyed to financial statement users about an entity's risk management activities by better aligning the entity's financial reporting for hedging relationships with those risk management activities and to reduce the complexity and simplify the application of hedge accounting by preparers. The requirements for the new standard will be effective for fiscal years beginning after December 15, 2018, and interim periods therein, which for the Company is the first quarter of fiscal 2020. Early adoption is permitted upon issuance. The Company is currently in the process of evaluating the impact that adopting ASU 2017-12 will have on its consolidated financial statements and 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 retrospective approach to each prior reporting period with various optional practical expedients. The Company is currently performing a comprehensive evaluation of the impact of adopting this guidance on its consolidated financial statements and notes thereto. The Company expects the guidance will result in a significant increase to long-term assets and liabilities on its consolidated balance sheets and does not expect it to have a material impact on the consolidated statements of operations. This guidance is not expected to have a material impact on the Company's liquidity. 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 model will supersede most existing revenue recognition guidance, and also requires enhanced revenue-related disclosures. The FASB has also issued several related ASUs which provide additional implementation guidance and clarify the requirements of the model. 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 is permitted for annual reporting periods beginning after December 15, 2016, including interim periods within those annual periods. The Company is currently in the process of evaluating the impact that adopting ASU 2014-09 will have on its consolidated financial statements and notes thereto. The Company has a cross-functional implementation team in place that is performing a comprehensive evaluation of the impact. The Company’s evaluation efforts to date have included a review of current accounting policies and processes, as well as typical terms in contracts with customers, to identify potential differences upon the adoption of the new standard. Based on these efforts, the Company currently anticipates that the performance obligations underlying its core revenue streams (i.e., its retail and wholesale businesses), and the timing of revenue recognition thereof, will remain substantially unchanged for the Coach, Kate Spade and Stuart Weitzman segments. The Company has determined that the timing of recognizing sales-based royalties in licensing arrangements will change, as the Company will elect to recognize contractually guaranteed minimum royalty amounts ratably over the license year and recognize no excess sales-based royalties until the minimum royalty threshold is achieved. This change will not alter the total amount of revenue recognized from licensing arrangements during a contract year, and the timing change within a contract year is expected to be immaterial to the consolidated statements of operations as the licensing business represented approximately 1% of total net sales in fiscal 2017. The Company has not yet determined whether the guidance will be adopted using the full retrospective restatement of all prior periods presented, or using the modified retrospective basis with a cumulative adjustment to opening retained earnings in the year of initial adoption.

Integration and Acquisition C25

Integration and Acquisition Costs (Tables)	9 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Schedule of Business Acquisitions	A summary of the integration and acquisition charges and related liabilities, which are recorded as accrued liabilities as of March 31, 2018 , is as follows: Purchase Accounting Adjustments (1) Acquisition Costs (2) Inventory-Related Charges (3) Contractual Payments (4) Organization-Related (5) Other (6) Total (millions) Assumed Liability $ — $ — $ 2.5 $ — $ — $ — $ 2.5 Fiscal 2018 charges 76.2 42.0 36.2 50.6 35.0 31.3 271.3 Cash payments — (41.2 ) (2.9 ) (50.6 ) (14.8 ) (23.5 ) (133.0 ) Non-cash charges (76.2 ) — (35.7 ) — (5.1 ) (7.3 ) (124.3 ) Liability as of March 31, 2018 $ — $ 0.8 $ 0.1 $ — $ 15.1 $ 0.5 $ 16.5 (1) Purchase accounting adjustments, of which $73.3 million was recorded within cost of sales and $2.9 million was recorded in SG&A expenses for the nine months ended March 31, 2018 , relate to the short-term impact of the amortization of fair value adjustments. Of the amount recorded to cost of sales for the nine months ended March 31, 2018, $70.7 million was recorded within the Kate Spade segment, $1.6 million was recorded within the Stuart Weitzman segment and $1.0 million was recorded within the Coach segment. Of the amount recorded to SG&A expenses, $2.9 million was recorded within the Kate Spade segment. (2) Acquisition costs, which were recorded to SG&A expenses, and of which $22.7 million were within Corporate, $19.1 million were within the Kate Spade segment, and $0.2 million were within the Coach segment for the nine months ended March 31, 2018 , primarily relate to deal fees associated with the acquisitions. (3) Inventory-related charges, recorded within cost of sales, of which $35.7 million was recorded within the Kate Spade segment and $0.5 million was recorded within the Stuart Weitzman segment, primarily related to reserves for the future destruction of certain on-hand inventory and non-cancelable inventory purchase commitments related to raw materials. As of March 31, 2018 , a reserve of $20.1 million is included within inventories on the Company's Condensed Consolidated Balance Sheets. (4) Contractual payments, which were recorded to SG&A expenses within the Kate Spade segment, primarily related to severance and related costs as a result of pre-existing agreements that were in place with certain Kate Spade executives which became effective upon the closing of the acquisition. (5) Organization-related costs, which were recorded to SG&A expenses, and of which $23.1 million were within the Kate Spade segment, $9.0 million within Corporate and $2.9 million within the Stuart Weitzman segment for the nine months ended March 31, 2018 , primarily related to severance related charges, including $5.1 million of accelerated share-based compensation expense. (6) Other primarily relates to professional fees, asset write-offs and inventory true-up. The charges were primarily recorded in SG&A expenses, of which $15.4 million was recorded within Corporate, $10.9 million was recorded within the Kate Spade segment and $3.6 million was recorded within the Stuart Weitzman segment. Furthermore, $1.4 million was recorded in cost of sales within Stuart Weitzman for the nine months ended March 31, 2018 .

Restructuring Activities (Table

Restructuring Activities (Tables)	9 Months Ended
	Mar. 31, 2018
Restructuring and Related Activities [Abstract]
Summary of Charges and Related Liabilities Under Operational Efficiency Plan	A summary of charges and related liabilities under the Operational Efficiency Plan is as follows: Organizational Efficiency (1) Technology Infrastructure (2) Network Optimization (3) Total (millions) Liability as of July 2, 2016 $ 22.2 $ — $ 3.2 $ 25.4 Fiscal 2017 charges 15.6 8.0 0.4 24.0 Cash payments (23.3 ) (7.7 ) (3.0 ) (34.0 ) Non-cash charges (7.9 ) — (0.6 ) (8.5 ) Liability as of July 1, 2017 $ 6.6 $ 0.3 $ — $ 6.9 Fiscal 2018 charges 0.6 8.9 — 9.5 Cash payments (4.4 ) (8.7 ) — (13.1 ) Non-cash charges (0.8 ) — — (0.8 ) Liability as of March 31, 2018 $ 2.0 $ 0.5 $ — $ 2.5 (1) Organizational efficiency charges, recorded within SG&A expenses, primarily related to accelerated depreciation associated with the retirement of information technology systems, severance and related costs of corporate employees as well as consulting fees related to process and organizational optimization. (2) Technology infrastructure costs, recorded within SG&A expenses, related to the initial costs of replacing and updating the Company’s core technology platforms. (3) Network optimization costs, recorded within SG&A expenses, related to lease termination costs.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Schedule 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: Assets Acquired and Liabilities Assumed Fair Value (millions) Cash and cash equivalents $ 71.8 Trade accounts receivable 62.8 Inventories (1) 310.1 Prepaid expenses and other current assets 33.9 Property and equipment 175.5 Goodwill (2)(3) 916.1 Brand intangible asset (4) 1,300.0 Other intangible assets (5) 119.2 Other assets 59.0 Total assets acquired 3,048.4 Accounts payable and accrued liabilities 233.3 Deferred income taxes (6) 333.0 Other liabilities (7) 84.8 Total liabilities assumed 651.1 Total purchase price 2,397.3 Less: Cash acquired (71.8 ) Total purchase price, net of cash acquired $ 2,325.5 (1) Included a step-up adjustment of approximately $67.5 million , which was amortized over 4 months . (2) The goodwill balance is not deductible for tax purposes. (3) Subsequent to the acquisition date, the Company made a measurement period adjustment to the fair value of certain assets acquired due to additional information obtained about facts and circumstances that existed as of the date of acquisition. As a result, there was an increase in other assets with a corresponding decrease in goodwill of $8.2 million . There was no impact on the Condensed Consolidated Statements of Operations. Refer to Note 7, "Goodwill and Other Intangible Assets" for more information. (4) The brand intangible asset was valued based on the multi-period excess earnings method, of which the majority is not deductible for tax purposes. (5) The components of other intangible assets included favorable lease rights of approximately $72.2 million (amortized over the remainder of the underlying lease terms), customer relationships of approximately $45.0 million (amortized over 15 years) and order backlog of $2.0 million (amortized over 6 months). Favorable lease rights were valued based on a comparison of market participant information and Company-specific 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. (6) The Company acquired approximately $209.0 million of net deferred tax assets related to Kate Spade historical federal and state net operating losses, which the Company expects to be able to utilize. The deferred tax adjustments resulting from the step-up in basis of acquired assets, most notably the brand intangible asset, resulted in an overall deferred tax liability. This overall deferred tax liability was subsequently re-measured. Refer to Note 14, "Income Taxes," for more information about changes to the Company's deferred tax position as a result of the enactment of the new tax legislation. (7) Includes an adjustment for unfavorable lease rights of approximately $49.5 million (amortized over the remainder of the underlying lease terms).
Pro forma information, adjustments	The following pro forma information has been prepared as if the Kate Spade acquisition and the related debt financing had occurred as of the beginning of fiscal 2017. These adjustments include the removal of certain historical amounts. The pro forma amounts reflect the combined historical operational results for Tapestry and Kate Spade, after giving effect to adjustments related to the impact of purchase accounting, transaction costs and financing. The pro forma financial information is not indicative of the operational results that would have been obtained had the transactions actually occurred as of that date, nor is it necessarily indicative of the Company’s future operational results. The following adjustments have been made: (i) Depreciation and amortization expenses related to the fair value adjustments to Kate Spade's property and equipment and intangible assets have been reflected in the three and nine months ended April 1, 2017. Short-term purchase accounting amortization has been excluded from the pro forma amounts due to the non-recurring nature. (ii) Transaction costs in the three and nine months ended March 31, 2018 have been excluded from the pro forma amounts due to their non-recurring nature. (iii) Interest expense of debt issued to finance the acquisition, including amortization of deferred financing fees, has been reflected in the three and nine months ended April 1, 2017. Historical interest expense for Kate Spade has been removed. (iv) The tax effects of the pro forma adjustments at an estimated statutory rate of 40.0% . (v) Earnings per share amounts are calculated using unrounded numbers and the Company's historical weighted average shares outstanding. Three Months Ended Nine Months Ended March 31, April 1, March 31, April 1, (millions, except per share data) Pro forma Net sales (1) $ 1,322.4 $ 1,264.6 $ 4,429.2 $ 4,404.8 Pro forma Net income (1) 141.5 117.2 261.7 530.2 Pro forma Net income per share: Basic $ 0.49 $ 0.42 $ 0.92 $ 1.89 Diluted $ 0.49 $ 0.41 $ 0.91 $ 1.88 (1) The pro forma results for the three and nine months ended March 31, 2018 includes revenue and operating income from the pre-combination period in fiscal 2018.

Goodwill and Other Intangible28

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Change in Carrying Amount of Goodwill by Segment	The change in the carrying amount of the Company’s goodwill by segment is as follows: Coach Kate Spade Stuart Weitzman Total (millions) Balance at July 1, 2017 $ 324.5 $ — $ 156.0 $ 480.5 Foreign exchange impact 18.1 2.7 0.6 21.4 Acquisition of goodwill (1) 1.6 968.9 49.3 1,019.8 Measurement period adjustment (2) — (8.2 ) — (8.2 ) Balance at March 31, 2018 $ 344.2 $ 963.4 $ 205.9 $ 1,513.5 (1) Refer to Note 6, "Acquisitions," for further information. The Company may assign goodwill to other reporting units of the Company when the analysis of expected synergies is completed. (2) During the third quarter of fiscal 2018, the Company made a measurement period adjustment to the fair value of certain assets acquired due to additional information obtained about facts and circumstances that existed as of the date of acquisition. As a result, there was an increase in other assets with a corresponding decrease in goodwill of $8.2 million . There was no impact on the Condensed Consolidated Statements of Operations.
Schedule of Indefinite-Lived Intangible Assets	Intangible assets consist of the following: March 31, 2018 July 1, 2017 Gross Accum. Net Gross Accum. Net (millions) Intangible assets subject to amortization: Customer relationships $ 99.7 $ (14.4 ) $ 85.3 $ 54.7 $ (9.7 ) $ 45.0 Order backlog 2.0 (2.0 ) — — — — Favorable lease rights 97.5 (19.3 ) 78.2 26.1 (7.1 ) 19.0 Total intangible assets subject to amortization 199.2 (35.7 ) 163.5 80.8 (16.8 ) 64.0 Intangible assets not subject to amortization: Trademarks and trade names 1,576.8 — 1,576.8 276.8 — 276.8 Total intangible assets $ 1,776.0 $ (35.7 ) $ 1,740.3 $ 357.6 $ (16.8 ) $ 340.8
Schedule of Finite-Lived Intangible Assets	Intangible assets consist of the following: March 31, 2018 July 1, 2017 Gross Accum. Net Gross Accum. Net (millions) Intangible assets subject to amortization: Customer relationships $ 99.7 $ (14.4 ) $ 85.3 $ 54.7 $ (9.7 ) $ 45.0 Order backlog 2.0 (2.0 ) — — — — Favorable lease rights 97.5 (19.3 ) 78.2 26.1 (7.1 ) 19.0 Total intangible assets subject to amortization 199.2 (35.7 ) 163.5 80.8 (16.8 ) 64.0 Intangible assets not subject to amortization: Trademarks and trade names 1,576.8 — 1,576.8 276.8 — 276.8 Total intangible assets $ 1,776.0 $ (35.7 ) $ 1,740.3 $ 357.6 $ (16.8 ) $ 340.8
Schedule of Expected Amortization Expense	As of March 31, 2018 , the expected amortization expense for intangible assets is as follows: Amortization Expense (millions) Remainder of fiscal 2018 $ 4.9 Fiscal 2019 22.0 Fiscal 2020 20.3 Fiscal 2021 18.9 Fiscal 2022 16.9 Fiscal 2023 15.9 Fiscal 2024 and thereafter 64.6 Total $ 163.5

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Reconciliation of Stockholders Equity	A reconciliation of stockholders' equity is presented below: Shares of Common Stock Common Stock Additional Paid-in- Capital (Accumulated Deficit) / Retained Earnings Accumulated Other Comprehensive Loss Total Stockholders' Equity (millions, except per share data) Balance at July 2, 2016 278.5 $ 2.8 $ 2,857.1 $ (104.1 ) $ (72.9 ) $ 2,682.9 Net income — — — 439.3 — 439.3 Other comprehensive loss — — — — (20.9 ) (20.9 ) Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes 2.6 — 18.9 — — 18.9 Share-based compensation — — 56.8 — — 56.8 Excess tax effect from share-based compensation — — (1.0 ) — — (1.0 ) Dividends declared ($1.0125 per share) — — — (284.1 ) — (284.1 ) Balance at April 1, 2017 281.1 $ 2.8 $ 2,931.8 $ 51.1 $ (93.8 ) $ 2,891.9 Balance at July 1, 2017 281.9 $ 2.8 $ 2,978.3 $ 107.7 $ (86.9 ) $ 3,001.9 Net income — — — 185.8 — 185.8 Other comprehensive income — — — — 40.5 40.5 Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes 5.9 0.1 126.6 — — 126.7 Share-based compensation — — 66.8 — — 66.8 Additional paid-in-capital as part of purchase consideration — — 5.3 — — 5.3 Dividends declared ($1.0125 per share) — — — (289.0 ) — (289.0 ) Balance at March 31, 2018 287.8 $ 2.9 $ 3,177.0 $ 4.5 $ (46.4 ) $ 3,138.0
Components of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive loss ("AOCI"), as of the dates indicated, are as follows: Unrealized (Losses) Gains on Cash Flow Hedging Derivatives (1) Unrealized Gains (Losses) on Available- for-Sale Investments Cumulative Translation Adjustment Other (2) Total (millions) Balances at July 2, 2016 $ (8.8 ) $ 0.3 $ (62.9 ) $ (1.5 ) $ (72.9 ) Other comprehensive income (loss) before reclassifications 5.6 (0.8 ) (31.6 ) — (26.8 ) Less: losses reclassified from accumulated other comprehensive income to earnings (5.9 ) — — — (5.9 ) Net current-period other comprehensive income (loss) 11.5 (0.8 ) (31.6 ) — (20.9 ) Balances at April 1, 2017 $ 2.7 $ (0.5 ) $ (94.5 ) $ (1.5 ) $ (93.8 ) Balances at July 1, 2017 $ 3.0 $ (0.4 ) $ (89.1 ) $ (0.4 ) $ (86.9 ) Other comprehensive (loss) income before reclassifications (4.8 ) 0.5 46.9 — 42.6 Less: income reclassified from accumulated other comprehensive income to earnings 2.0 0.1 — — 2.1 Net current-period other comprehensive (loss) income (6.8 ) 0.4 46.9 — 40.5 Balances at March 31, 2018 $ (3.8 ) $ — $ (42.2 ) $ (0.4 ) $ (46.4 ) (1) The ending balances of AOCI related to cash flow hedges are net of tax of $1.6 million and ($1.4) million as of March 31, 2018 and April 1, 2017 , respectively. The amounts reclassified from AOCI are net of tax of ($1.7) million and $3.1 million as of March 31, 2018 and April 1, 2017 , respectively. (2) Other represents the accumulated loss on the Company's minimum pension liability adjustment. The balances at March 31, 2018 and April 1, 2017 are net of tax of $0.2 million and $0.8 million, respectively.

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Mar. 31, 2018
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 31, April 1, March 31, April 1, (millions, except per share data) Net income $ 140.3 $ 122.2 $ 185.8 $ 439.3 Weighted-average basic shares 286.2 280.8 284.7 280.2 Dilutive securities: Effect of dilutive securities 3.9 2.1 3.1 2.0 Weighted-average diluted shares 290.1 282.9 287.8 282.2 Net income per share: Basic $ 0.49 $ 0.44 $ 0.65 $ 1.57 Diluted $ 0.48 $ 0.43 $ 0.65 $ 1.56

Share-based Compensation (Table

Share-based Compensation (Tables)	9 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
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 Company's Condensed Consolidated Statements of Operations for the periods indicated: Three Months Ended Nine Months Ended March 31, 2018 (1) April 1, March 31, 2018 (1) April 1, 2017 (millions) Share-based compensation expense $ 22.8 $ 20.1 $ 66.8 $ 56.8 Income tax benefit related to share-based compensation expense (2) 5.9 6.4 17.8 17.5 (1) During the three and nine months ended March 31, 2018 , the Company incurred $0.4 million and $5.1 million of share-based compensation expense, respectively, related to severance as a result of integration. There was no share-based compensation expense under the Operational Efficiency Plan for the three months ended March 31, 2018 and $0.8 million for the nine months ended March 31, 2018 . During the three and nine months ended April 1, 2017 , the Company incurred $1.2 million and $1.7 million , respectively, of share-based compensation expense under the Operational Efficiency Plan. (2) The tax rates used to calculate the income tax benefit for fiscal 2018 are based on the enactment of the new tax legislation in the second quarter of fiscal 2018. Refer to Note 14, "Income Taxes," for further information.
Summary of Stock Option Activity	A summary of stock option activity during the nine months ended March 31, 2018 is as follows: Number of Options Outstanding Weighted-Average Exercise Price per Option (millions) Outstanding at July 1, 2017 15.0 $ 39.75 Granted 3.1 41.82 Exercised (4.5 ) 48.08 Forfeited or expired (0.8 ) 45.11 Outstanding at March 31, 2018 12.8 36.99 Vested and expected to vest at March 31, 2018 12.6 42.73 Exercisable at March 31, 2018 6.7 46.24
Service-based Restricted Stock Unit Awards (RSU)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of RSU Activity	A summary of service-based RSU activity during the nine months ended March 31, 2018 is as follows: Number of Non-vested RSUs Weighted- Average Grant- Date Fair Value per RSU (millions) Non-vested at July 1, 2017 3.5 $ 50.28 Granted 1.6 43.31 Awards issued in connection with acquisition 0.4 47.26 Vested (1.7 ) 47.21 Forfeited (0.3 ) 39.55 Non-vested at March 31, 2018 3.5 49.18
Performance-based Restricted Stock Unit Awards (PRSU)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of RSU Activity	A summary of PRSU activity during the nine months ended March 31, 2018 is as follows: Number of Non-vested PRSUs Weighted- Average Grant- Date Fair Value per PRSU (millions) Non-vested at July 1, 2017 1.5 $ 37.78 Granted 0.3 41.22 Change due to performance condition achievement (0.6 ) 47.32 Vested (0.2 ) 46.89 Forfeited (0.1 ) 36.88 Non-vested at March 31, 2018 0.9 30.64

Debt (Tables)

Debt (Tables)	9 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Summary of the Components of Outstanding Debt	The following table summarizes the components of the Company’s outstanding debt: March 31, 2018 July 1, 2017 (millions) Current Debt: Capital Lease Obligations $ 0.7 $ — Total Current Debt $ 0.7 $ — Long-Term Debt: 4.250% Senior Notes due 2025 $ 600.0 $ 600.0 3.000% Senior Notes due 2022 400.0 400.0 4.125% Senior Notes due 2027 600.0 600.0 Note Payable 11.4 — Capital Lease Obligations 6.3 — Total Long-Term Debt 1,617.7 1,600.0 Less: Unamortized Discount and Debt Issuance Costs (18.2 ) (20.5 ) Total Long-Term Debt, net $ 1,599.5 $ 1,579.5

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Mar. 31, 2018
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 31, 2018 and July 1, 2017 : Level 1 Level 2 March 31, July 1, March 31, July 1, (millions) Assets: Cash equivalents (1) $ 387.3 $ 760.0 $ 0.4 $ 226.0 Short-term investments : Time deposits (2) — — 0.7 0.6 Commercial paper (2) — — — 68.8 Government securities - U.S. (2) — 130.4 — — Corporate debt securities - U.S. (2) — — — 116.2 Corporate debt securities - non U.S. (2) — — — 92.6 Other — — 5.9 2.1 Long-term investments : Government securities - non U.S. (3) 0.1 — — — Corporate debt securities - U.S. (3) — — — 46.9 Corporate debt securities - non U.S. (3) — — — 28.2 Derivative Assets : Inventory-related hedges (4) — — 1.8 3.5 Intercompany loan hedges (4) — — 1.7 — Liabilities: Derivative liabilities : Inventory-related hedges (4) — — 6.5 1.0 Intercompany loan hedges (4) — — 0.1 0.7 (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. (3) Fair value is primarily determined using vendor or broker priced securities in active markets. (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.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Summary of Investments	The following table summarizes the Company’s U.S. dollar-denominated investments, recorded within the Company's Condensed Consolidated Balance Sheets as of March 31, 2018 and July 1, 2017 : March 31, 2018 July 1, 2017 Short-term Long-term Total Short-term Long-term Total (millions) Available-for-sale investments: Commercial paper (1) $ — $ — $ — $ 68.8 $ — $ 68.8 Government securities - U.S. — — — 130.4 — 130.4 Government securities - non-U.S. — 0.1 0.1 — — — Corporate debt securities - U.S. — — — 116.2 46.9 163.1 Corporate debt securities - non-U.S. — — — 92.6 28.2 120.8 Available-for-sale investments, total $ — $ 0.1 $ 0.1 $ 408.0 $ 75.1 $ 483.1 Other: Time deposits (1) 0.7 — 0.7 0.6 — 0.6 Other 5.9 — 5.9 2.1 — 2.1 Total Investments $ 6.6 $ 0.1 $ 6.7 $ 410.7 $ 75.1 $ 485.8 (1) These securities have original maturities greater than three months and are recorded at fair value.

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The following table represents amounts recorded to provision for income taxes in the nine months ended March 31, 2018 for items related to the Tax Legislation: Nine Months Ended March 31, 2018 (millions) Impact of Change in U.S. Federal Statutory Rate on Pre-Tax Income $ (9.6 ) Discrete Impacts of Tax Legislation: Transition Tax (1) 304.3 Re-measurement of Deferred Taxes (2) (104.7 ) Total Impact of Tax Legislation $ 190.0 (1) The Tax Legislation requires the Company to pay a Transition Tax on previously unremitted earnings of certain non-U.S. subsidiaries. The Transition Tax is payable in installments over 8 years beginning in calendar 2018. In the nine months ended March 31, 2018, the Company recorded a cumulative charge of $304.3 million for the Transition Tax. Given that a portion of the total anticipated charge must be recognized ratably throughout fiscal 2018, the Company anticipates recording an additional charge during the remainder of fiscal 2018 or approximately $315 million for the full fiscal year ended June 30, 2018. In the nine months ended March 31, 2018, $270.9 million is recorded as long-term income taxes payable and $33.4 million is recorded in accrued liabilities related to the current portion of this payable on the Company's Condensed Consolidated Balance Sheet as of March 31, 2018. Additional detailed information required to complete the calculation includes, but is not limited to, (i) completing a foreign earnings and profit study to determine the Company’s deferred foreign income since 1986, including all acquisitions; (ii) determining foreign taxes paid against deferred foreign income; and (iii) determining whether the Company has an Overall Foreign Loss. Prior to the reporting period in which the Tax Legislation was enacted, the Company did not recognize a deferred tax liability related to unremitted foreign earnings because it overcame the presumption of the repatriation of foreign earnings. As a result of the enactment of the Tax Legislation, the Company has recorded a provisional Transition Tax related to all post-1986 earnings of its non-U.S. subsidiaries. The Company is still evaluating whether those earnings will be repatriated to the U.S. and if there are any additional tax consequences resulting from the repatriation. Due to the complexity surrounding the application of new Tax Legislation, the Company will continue to evaluate outside basis differences and any related impact. The Company expects that the Transition Tax will result in an increase to Provision for income taxes of approximately $315 million in fiscal 2018. Based on the interpretation of available guidance, the Company expects to remit the first payment on the due date of its fiscal year 2018 income tax return, which will be in fiscal 2019. The balance of annual payments will be paid ratably in our quarterly estimated tax payments. The following table presents the expected timing of income tax payments related to the Transition Tax expected to be recognized by the Company in fiscal 2018: Transition Tax Payments (millions) Remainder of fiscal 2018 $ — Fiscal 2019 50.4 Fiscal 2020 25.2 Fiscal 2021 25.2 Fiscal 2022 25.2 Fiscal 2023 47.3 Fiscal 2024 and thereafter 141.7 Total $ 315.0 (2) Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. The Company has estimated the rate change adjustment related to the deferred tax balances that will reverse within the 2018 fiscal year at a blended U.S federal statutory income tax rate of 28% and those that will reverse after the 2018 fiscal year at the U.S federal statutory income tax rate of 21%. This deferred tax rate change adjustment is provisional and will be finalized after the Company completes its fiscal year. This amount will change if the estimated timing of the deferred tax impacts shifts between fiscal 2018 and fiscal 2019 and beyond. The Company’s estimated adjustment may also be affected by other analysis related to the Tax Legislation, including, but not limited to, the calculation of deemed repatriation of deferred foreign income and the U.S. state income tax effect of adjustments made to federal temporary differences, such as the full expensing of qualified property which may not be allowed from a state tax perspective.
Schedule Of Expected Income Tax Payments To Be Made	The following table presents the expected timing of income tax payments related to the Transition Tax expected to be recognized by the Company in fiscal 2018: Transition Tax Payments (millions) Remainder of fiscal 2018 $ — Fiscal 2019 50.4 Fiscal 2020 25.2 Fiscal 2021 25.2 Fiscal 2022 25.2 Fiscal 2023 47.3 Fiscal 2024 and thereafter 141.7 Total $ 315.0

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Summary of Segment Performance	The following table summarizes segment performance for the three and nine months ended March 31, 2018 and April 1, 2017 : Coach (1) Kate (1) Stuart Weitzman (1) Corporate (2) Total (millions) Three Months Ended March 31, 2018 Net sales $ 969.3 $ 269.3 $ 83.8 $ — $ 1,322.4 Gross profit 691.3 172.3 45.3 — 908.9 Operating income (loss) 240.9 3.8 (11.6 ) (74.1 ) 159.0 Income (loss) before provision for income taxes 240.9 3.8 (11.6 ) (91.0 ) 142.1 Depreciation and amortization expense (3) 33.0 18.8 4.2 9.9 65.9 Additions to long-lived assets (4) 29.9 2.3 1.2 26.7 60.1 Three Months Ended April 1, 2017 Net sales $ 915.3 $ — $ 79.9 $ — $ 995.2 Gross profit 656.1 — 49.6 — 705.7 Operating income (loss) 222.9 — 2.5 (74.3 ) 151.1 Income (loss) before provision for income taxes 222.9 — 2.5 (78.3 ) 147.1 Depreciation and amortization expense (3) 34.7 — 4.0 11.5 50.2 Additions to long-lived assets (4) 32.3 — 2.5 35.6 70.4 Nine Months Ended March 31, 2018 Net sales $ 3,122.6 $ 972.8 $ 300.9 $ — $ 4,396.3 Gross profit 2,169.4 506.6 174.7 — 2,850.7 Operating income (loss) 800.4 (85.8 ) 18.1 (249.1 ) 483.6 Income (loss) before provision for income taxes 800.4 (85.8 ) 18.1 (308.7 ) 424.0 Depreciation and amortization expense (3) 103.5 49.0 12.2 32.7 197.4 Additions to long-lived assets (4) 103.8 16.3 4.4 62.1 186.6 Nine Months Ended April 1, 2017 Net sales $ 3,068.8 $ — $ 285.7 $ — $ 3,354.5 Gross profit 2,149.9 — 176.7 — 2,326.6 Operating income (loss) 793.9 — 18.4 (217.9 ) 594.4 Income (loss) before provision for income taxes 793.9 — 18.4 (232.7 ) 579.6 Depreciation and amortization expense (3) 103.0 — 11.7 39.2 153.9 Additions to long-lived assets (4) 115.7 — 17.4 59.0 192.1 (1) During the first quarter of fiscal 2018, the Company completed its acquisition of Kate Spade & Company. During the third quarter of fiscal 2018, the Company completed its acquisition of certain distributors for the Coach and Stuart Weitzman brands and obtained operating control of the Kate Spade Joint Ventures. The operating results of the respective entity have been consolidated commencing on the date of each transaction. (2) Corporate, which is not a reportable segment, represents certain costs that are not directly attributable to a brand. These costs primarily include administration and information systems expense. Furthermore, certain integration and acquisition costs as well as costs under the Operational Efficiency Plan as described in Note 4, "Integration and Acquisitions Costs," and Note 5, "Restructuring Activities," respectively, are included within Corporate. (3) Depreciation and amortization expense includes $3.6 million and $8.8 million of Integration & Acquisitions costs for the three and nine months ended March 31, 2018 , respectively. Depreciation and amortization expense includes $1.7 million and $5.2 million of Operational Efficiency Plan charges for the three and nine months ended April 1, 2017 , respectively. These charges are recorded within Corporate. There were no costs incurred related to the Operational Efficiency Plan during the three and nine months ended March 31, 2018 . Depreciation and amortization expense for the segments includes an allocation of expense related to assets which support multiple segments. (4) Additions to long-lived assets for the reportable segments primarily includes store assets as well as assets that support a specific brand. Corporate additions include all other assets which includes a combination of Corporate assets, as well as assets that may support all segments. As such, depreciation expense for these assets may be subsequently allocated to a reportable segment.

Basis of Presentation and Org37

Basis of Presentation and Organization (Details)	Mar. 31, 2018
Kate Spade Joint Ventures | Corporate Joint Venture
Business Acquisition [Line Items]
Ownership percentage	50.00%

Recent Accounting Pronounceme38

Recent Accounting Pronouncements (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2018	Mar. 31, 2018	Jul. 01, 2017
Accounting Policies [Abstract]
Tax provision impact	$ 9.8	$ 15.5
Nonsoftware License Arrangement | Sales Revenue, Net
Concentration Risk [Line Items]
Percentage of revenue			1.00%

Integration and Acquisition C39

Integration and Acquisition Costs (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Mar. 31, 2018	Apr. 01, 2017	Jul. 01, 2017
Stuart Weitzman | Cost of Sales
Business Acquisition [Line Items]
Integration and acquisition costs		$ 4.5		$ 21.5
Stuart Weitzman | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs		4.5		20.9
Stuart Weitzman | Stuart Weitzman | Cost of Sales
Business Acquisition [Line Items]
Integration and acquisition costs		0		0.6
Stuart Weitzman | Stuart Weitzman | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs		1.7		12.7
Stuart Weitzman | Corporate | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs		$ 2.8		$ 8.2
Kate Spade
Business Acquisition [Line Items]
Integration and acquisition costs	$ 22.4		$ 271.3
Kate Spade | Cost of Sales
Business Acquisition [Line Items]
Integration and acquisition costs	4.1		110.9
Kate Spade | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs	18.3		160.4
Kate Spade | Kate Spade | Cost of Sales
Business Acquisition [Line Items]
Integration and acquisition costs	1		106.4
Kate Spade | Kate Spade | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs	9.1		106.6
Kate Spade | Stuart Weitzman | Cost of Sales
Business Acquisition [Line Items]
Integration and acquisition costs	2.1		3.5
Kate Spade | Stuart Weitzman | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs	4.7		6.5
Kate Spade | Coach | Cost of Sales
Business Acquisition [Line Items]
Integration and acquisition costs	1		1
Kate Spade | Coach | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs	0.2		0.2
Kate Spade | Corporate | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs	4.3		47.1
Acquisition-related expenses					$ 16.9
Minimum | Kate Spade
Business Acquisition [Line Items]
Expected integration costs	20		20
Integration costs expected to be settled without cash	5		5
Maximum | Kate Spade
Business Acquisition [Line Items]
Expected integration costs	30		30
Integration costs expected to be settled without cash	$ 10		$ 10

Integration and Acquisition C40

Integration and Acquisition Costs (Liabilities Related to Integration and Acquisition of Kate Spade) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Mar. 31, 2018	Apr. 01, 2017
Kate Spade
Integration Reserve [Roll Forward]
Assumed Liability			$ 2.5
Integration and acquisition costs	$ 22.4		271.3
Cash payments			(133)
Non-cash charges			(124.3)
Liability as of March 31, 2018	16.5		16.5
Integration reserve	16.5		2.5
Kate Spade | Cost of Sales
Integration Reserve [Roll Forward]
Integration and acquisition costs	4.1		110.9
Kate Spade | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs	18.3		160.4
Kate Spade | Inventory
Integration Reserve [Roll Forward]
Liability as of March 31, 2018	20.1		20.1
Integration reserve	20.1		20.1
Kate Spade | Kate Spade | Cost of Sales
Integration Reserve [Roll Forward]
Integration and acquisition costs	1		106.4
Kate Spade | Kate Spade | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs	9.1		106.6
Kate Spade | Stuart Weitzman | Cost of Sales
Integration Reserve [Roll Forward]
Integration and acquisition costs	2.1		3.5
Kate Spade | Stuart Weitzman | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs	4.7		6.5
Kate Spade | Coach | Cost of Sales
Integration Reserve [Roll Forward]
Integration and acquisition costs	1		1
Kate Spade | Coach | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs	0.2		0.2
Kate Spade | Corporate | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs	4.3		47.1
Kate Spade | Purchase Accounting Adjustments
Integration Reserve [Roll Forward]
Assumed Liability			0
Integration and acquisition costs			76.2
Cash payments			0
Non-cash charges			(76.2)
Liability as of March 31, 2018	0		0
Integration reserve	0		0
Kate Spade | Purchase Accounting Adjustments | Cost of Sales
Integration Reserve [Roll Forward]
Integration and acquisition costs			73.3
Kate Spade | Purchase Accounting Adjustments | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs			2.9
Kate Spade | Purchase Accounting Adjustments | Kate Spade | Cost of Sales
Integration Reserve [Roll Forward]
Integration and acquisition costs			70.7
Kate Spade | Purchase Accounting Adjustments | Kate Spade | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs			2.9
Kate Spade | Purchase Accounting Adjustments | Stuart Weitzman | Cost of Sales
Integration Reserve [Roll Forward]
Integration and acquisition costs			1.6
Kate Spade | Purchase Accounting Adjustments | Coach | Cost of Sales
Integration Reserve [Roll Forward]
Integration and acquisition costs			1
Kate Spade | Acquisition Costs
Integration Reserve [Roll Forward]
Assumed Liability			0
Integration and acquisition costs			42
Cash payments			(41.2)
Non-cash charges			0
Liability as of March 31, 2018	0.8		0.8
Integration reserve	0.8		0
Kate Spade | Acquisition Costs | Kate Spade | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs			19.1
Kate Spade | Acquisition Costs | Coach | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs			0.2
Kate Spade | Acquisition Costs | Corporate | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs			22.7
Kate Spade | Inventory Related Charges
Integration Reserve [Roll Forward]
Assumed Liability			2.5
Integration and acquisition costs			36.2
Cash payments			(2.9)
Non-cash charges			(35.7)
Liability as of March 31, 2018	0.1		0.1
Integration reserve	0.1		2.5
Kate Spade | Inventory Related Charges | Kate Spade | Cost of Sales
Integration Reserve [Roll Forward]
Integration and acquisition costs			35.7
Kate Spade | Inventory Related Charges | Stuart Weitzman | Cost of Sales
Integration Reserve [Roll Forward]
Integration and acquisition costs			0.5
Kate Spade | Contractual Payments
Integration Reserve [Roll Forward]
Assumed Liability			0
Integration and acquisition costs			50.6
Cash payments			(50.6)
Non-cash charges			0
Liability as of March 31, 2018	0		0
Integration reserve	0		0
Kate Spade | Organizational Related
Integration Reserve [Roll Forward]
Assumed Liability			0
Integration and acquisition costs			35
Cash payments			(14.8)
Non-cash charges			(5.1)
Liability as of March 31, 2018	15.1		15.1
Integration reserve	15.1		0
Kate Spade | Organizational Related | Kate Spade | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Severance costs			23.1
Kate Spade | Organizational Related | Stuart Weitzman | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Severance costs			2.9
Kate Spade | Organizational Related | Corporate | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Severance costs			9
Accelerated share-based compensation expense			5.1
Kate Spade | Other Integration Charges
Integration Reserve [Roll Forward]
Assumed Liability			0
Integration and acquisition costs			31.3
Cash payments			(23.5)
Non-cash charges			(7.3)
Liability as of March 31, 2018	0.5		0.5
Integration reserve	$ 0.5		0
Kate Spade | Other Integration Charges | Kate Spade | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs			10.9
Kate Spade | Other Integration Charges | Stuart Weitzman | Cost of Sales
Integration Reserve [Roll Forward]
Integration and acquisition costs			1.4
Kate Spade | Other Integration Charges | Stuart Weitzman | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs			3.6
Kate Spade | Other Integration Charges | Corporate | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs			$ 15.4
Stuart Weitzman | Cost of Sales
Integration Reserve [Roll Forward]
Integration and acquisition costs		$ 4.5		$ 21.5
Stuart Weitzman | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs		4.5		20.9
Stuart Weitzman | Stuart Weitzman | Cost of Sales
Integration Reserve [Roll Forward]
Integration and acquisition costs		0		0.6
Stuart Weitzman | Stuart Weitzman | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs		1.7		12.7
Stuart Weitzman | Corporate | Selling, General and Administrative Expenses
Integration Reserve [Roll Forward]
Integration and acquisition costs		$ 2.8		$ 8.2

Restructuring Activities (Narra

Restructuring Activities (Narrative) (Details) - Operational Efficiency Plan - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Mar. 31, 2018	Apr. 01, 2017	Jul. 01, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 9.5		$ 24
Cost incurred to date	$ 77.4		77.4
Remaining charges	5		5
SG&A expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2.9	$ 6.4	$ 9.5	$ 17.2

Restructuring Activities (Opera

Restructuring Activities (Operational Efficiency Plan) (Details) - Operational Efficiency Plan - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Mar. 31, 2018	Jul. 01, 2017
Restructuring Reserve [Roll Forward]
Restructuring liability at beginning of period	$ 6.9	$ 25.4
Restructuring charges	9.5	24
Cash payments	(13.1)	(34)
Non-cash charges	(0.8)	(8.5)
Restructuring liability at end of period	2.5	6.9
Organizational Efficiency
Restructuring Reserve [Roll Forward]
Restructuring liability at beginning of period	6.6	22.2
Restructuring charges	0.6	15.6
Cash payments	(4.4)	(23.3)
Non-cash charges	(0.8)	(7.9)
Restructuring liability at end of period	2	6.6
Technology Infrastructure
Restructuring Reserve [Roll Forward]
Restructuring liability at beginning of period	0.3	0
Restructuring charges	8.9	8
Cash payments	(8.7)	(7.7)
Non-cash charges	0	0
Restructuring liability at end of period	0.5	0.3
Network Optimization
Restructuring Reserve [Roll Forward]
Restructuring liability at beginning of period	0	3.2
Restructuring charges	0	0.4
Cash payments	0	(3)
Non-cash charges	0	(0.6)
Restructuring liability at end of period	$ 0	$ 0

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) $ / shares in Units, $ in Millions	Dec. 22, 2017	Dec. 21, 2017	Jul. 11, 2017USD ($)$ / shares	Mar. 31, 2018USD ($)acquisition	Mar. 31, 2018USD ($)	Apr. 01, 2017USD ($)
Business Acquisition [Line Items]
Total purchase price, net of cash acquired					$ 2,373.2	$ 0
Measurement period adjustment					(8.2)
Income tax rate	21.00%	35.00%
Kate Spade
Business Acquisition [Line Items]
Business acquisition, share price (USD per share) | $ / shares			$ 18.50
Purchase price			$ 2,400
Payments to acquire business, gross			2,390
Total purchase price, net of cash acquired			2,320
Equity interests issuable			5.3
Inventory step-up adjustment			$ 67.5
Inventory step-up adjustment, amortization period			4 months
Measurement period adjustment					8.2
Deferred tax asset			$ 209
Off-market lease, unfavorable			49.5
Assets acquired			3,048.4
Kate Spade | Favorable lease rights
Business Acquisition [Line Items]
Intangible asset acquired			72.2
Kate Spade | Customer relationships
Business Acquisition [Line Items]
Intangible asset acquired			$ 45
Intangible asset acquired, amortization period			15 years
Kate Spade | Order backlog
Business Acquisition [Line Items]
Intangible asset acquired			$ 2
Intangible asset acquired, amortization period			6 months
Distributor Acquisitions and Kate Spade Joint Ventures
Business Acquisition [Line Items]
Purchase price				$ 153.7
Payments to acquire business, gross				58.9
Total purchase price, net of cash acquired				$ 53
Number of businesses acquired | acquisition				3
Consideration transferred, cash				$ 106.9
Assets acquired				50	50
Goodwill, not expected tax deductible amount				$ 103.7	$ 103.7
Corporate Joint Venture | Kate Spade Joint Ventures
Business Acquisition [Line Items]
Ownership percentage				50.00%	50.00%
Kate Spade
Business Acquisition [Line Items]
Measurement period adjustment				$ 8.2	$ (8.2)
Kate Spade | Distributor Acquisitions and Kate Spade Joint Ventures
Business Acquisition [Line Items]
Goodwill, not expected tax deductible amount				52.8	52.8
Stuart Weitzman | Distributor Acquisitions and Kate Spade Joint Ventures
Business Acquisition [Line Items]
Goodwill, not expected tax deductible amount				49.3	49.3
Coach
Business Acquisition [Line Items]
Measurement period adjustment					0
Coach | Distributor Acquisitions and Kate Spade Joint Ventures
Business Acquisition [Line Items]
Goodwill, not expected tax deductible amount				$ 1.6	$ 1.6
Pro Forma | Kate Spade
Business Acquisition [Line Items]
Income tax rate					40.00%

Acquisitions (Assets Acquired a

Acquisitions (Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Millions	Jul. 11, 2017	Mar. 31, 2018	Jul. 01, 2017
Business Acquisition [Line Items]
Goodwill		$ 1,513.5	$ 480.5
Kate Spade
Business Acquisition [Line Items]
Cash and cash equivalents	$ 71.8
Trade accounts receivable	62.8
Inventories	310.1
Prepaid expenses and other current assets	33.9
Property and equipment	175.5
Goodwill	916.1
Brand intangible asset	1,300
Other liabilities asset	119.2
Other assets	59
Total assets acquired	3,048.4
Accounts payable and accrued liabilities	233.3
Deferred income taxes	333
Other liabilities	84.8
Total liabilities assumed	651.1
Total purchase price	2,397.3
Less: Cash acquired	(71.8)
Total purchase price, net of cash acquired	$ 2,325.5

Acquisitions (Pro Forma) (Detai

Acquisitions (Pro Forma) (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 22, 2017	Dec. 21, 2017	Mar. 31, 2018	Apr. 01, 2017	Mar. 31, 2018	Apr. 01, 2017
Business Acquisition [Line Items]
Income tax rate	21.00%	35.00%
Kate Spade
Business Acquisition [Line Items]
Pro forma Net sales			$ 1,322.4	$ 1,264.6	$ 4,429.2	$ 4,404.8
Pro forma Net income			$ 141.5	$ 117.2	$ 261.7	$ 530.2
Pro forma net income per share - basic earnings (per share)			$ 0.49	$ 0.42	$ 0.92	$ 1.89
Pro forma net income per share - diluted earnings (per share)			$ 0.49	$ 0.41	$ 0.91	$ 1.88
Pro Forma | Kate Spade
Business Acquisition [Line Items]
Income tax rate					40.00%

Goodwill and Other Intangible46

Goodwill and Other Intangible Assets (Change in Carrying Value of Goodwill) (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2018
Goodwill [Roll Forward]
Beginning Balance		$ 480.5
Foreign exchange impact		21.4
Goodwill acquired during period		1,019.8
Measurement period adjustment		(8.2)
Ending Balance	$ 1,513.5	1,513.5
Coach
Goodwill [Roll Forward]
Beginning Balance		324.5
Foreign exchange impact		18.1
Goodwill acquired during period		1.6
Measurement period adjustment		0
Ending Balance	344.2	344.2
Kate Spade
Goodwill [Roll Forward]
Beginning Balance		0
Foreign exchange impact		2.7
Goodwill acquired during period		968.9
Measurement period adjustment	8.2	(8.2)
Ending Balance	963.4	963.4
Stuart Weitzman
Goodwill [Roll Forward]
Beginning Balance		156
Foreign exchange impact		0.6
Goodwill acquired during period		49.3
Measurement period adjustment		0
Ending Balance	$ 205.9	$ 205.9

Goodwill and Other Intangible47

Goodwill and Other Intangible Assets (Indefinite and Finite Lived Assets) (Details) - USD ($) $ in Millions	Mar. 31, 2018	Jul. 01, 2017
Intangible assets subject to amortization:
Gross Carrying Amount	$ 199.2	$ 80.8
Accumulated amortization	(35.7)	(16.8)
Total	163.5	64
Intangible assets not subject to amortization:
Intangible assets, gross (excluding goodwill)	1,776	357.6
Intangible assets, net (excluding goodwill)	1,740.3	340.8
Trademarks and trade names
Intangible assets not subject to amortization:
Indefinite-lived intangible assets (excluding goodwill)	1,576.8	276.8
Customer relationships
Intangible assets subject to amortization:
Gross Carrying Amount	99.7	54.7
Accumulated amortization	(14.4)	(9.7)
Total	85.3	45
Order backlog
Intangible assets subject to amortization:
Gross Carrying Amount	2	0
Accumulated amortization	(2)	0
Total	0	0
Favorable lease rights
Intangible assets subject to amortization:
Gross Carrying Amount	97.5	26.1
Accumulated amortization	(19.3)	(7.1)
Total	$ 78.2	$ 19

Goodwill and Other Intangible48

Goodwill and Other Intangible Assets (Future Amortization Expense) (Details) - USD ($) $ in Millions	Mar. 31, 2018	Jul. 01, 2017
Expected Amortization Expense For Intangible Assets
Remainder of fiscal 2018	$ 4.9
Fiscal 2,019	22
Fiscal 2,020	20.3
Fiscal 2,021	18.9
Fiscal 2,022	16.9
Fiscal 2,023	15.9
Fiscal 2024 and thereafter	64.6
Total	$ 163.5	$ 64

Goodwill and Other Intangible49

Goodwill and Other Intangible Assets (Narrative) (Details)	9 Months Ended
	Mar. 31, 2018
Customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	12 years 1 month 6 days
Customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	14 years 3 months 18 days
Favorable lease rights | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	3 months
Favorable lease rights | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	17 years

Stockholders' Equity (Schedule

Stockholders' Equity (Schedule of Stockholders' Equity) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Mar. 31, 2018	Apr. 01, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (shares)			281.9
Beginning balance			$ 3,001.9	$ 2,682.9
Net income	$ 140.3	$ 122.2	185.8	439.3
Other comprehensive (loss) income	$ 25.9	21.9	40.5	(20.9)
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes			126.7	18.9
Share-based compensation			66.8	56.8
Excess tax effect from share-based compensation				(1)
Additional paid-in-capital as part of purchase consideration			5.3
Dividends declared			$ (289)	(284.1)
Ending balance (shares)	287.8		287.8
Ending balance	$ 3,138	$ 2,891.9	$ 3,138	$ 2,891.9
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)			281.9	278.5
Beginning balance			$ 2.8	$ 2.8
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes (shares)			5.9	2.6
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes			$ 0.1
Ending balance (shares)	287.8	281.1	287.8	281.1
Ending balance	$ 2.9	$ 2.8	$ 2.9	$ 2.8
Additional Paid-in- Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			2,978.3	2,857.1
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes			126.6	18.9
Share-based compensation			66.8	56.8
Excess tax effect from share-based compensation				(1)
Additional paid-in-capital as part of purchase consideration			5.3
Ending balance	3,177	2,931.8	3,177	2,931.8
(Accumulated Deficit) / Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			107.7	(104.1)
Net income			185.8	439.3
Dividends declared			(289)	(284.1)
Ending balance	4.5	51.1	4.5	51.1
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			(86.9)	(72.9)
Other comprehensive (loss) income			40.5	(20.9)
Ending balance	$ (46.4)	$ (93.8)	$ (46.4)	$ (93.8)

Stockholders' Equity (AOCI) (De

Stockholders' Equity (AOCI) (Details) - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Rollforward]
Beginning balance	$ 3,001.9	$ 2,682.9
Other comprehensive (loss) income before reclassifications	42.6	(26.8)
Less: income reclassified from accumulated other comprehensive income to earnings	2.1	(5.9)
Net current-period other comprehensive (loss) income	40.5	(20.9)
Ending balance	3,138	2,891.9
Amounts reclassified from AOCI, tax	(1.7)	3.1
Unrealized (Losses) Gains on Cash Flow Hedging Derivatives
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Rollforward]
Beginning balance	3	(8.8)
Other comprehensive (loss) income before reclassifications	(4.8)	5.6
Less: income reclassified from accumulated other comprehensive income to earnings	2	(5.9)
Net current-period other comprehensive (loss) income	(6.8)	11.5
Ending balance	(3.8)	2.7
AOCI related to cash flow hedges, accumulated tax	1.6	(1.4)
Unrealized Gains (Losses) on Available- for-Sale Investments
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Rollforward]
Beginning balance	(0.4)	0.3
Other comprehensive (loss) income before reclassifications	0.5	(0.8)
Less: income reclassified from accumulated other comprehensive income to earnings	0.1	0
Net current-period other comprehensive (loss) income	0.4	(0.8)
Ending balance	0	(0.5)
Cumulative Translation Adjustment
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Rollforward]
Beginning balance	(89.1)	(62.9)
Other comprehensive (loss) income before reclassifications	46.9	(31.6)
Less: income reclassified from accumulated other comprehensive income to earnings	0	0
Net current-period other comprehensive (loss) income	46.9	(31.6)
Ending balance	(42.2)	(94.5)
Other
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Rollforward]
Beginning balance	(0.4)	(1.5)
Other comprehensive (loss) income before reclassifications	0	0
Less: income reclassified from accumulated other comprehensive income to earnings	0	0
Net current-period other comprehensive (loss) income	0	0
Ending balance	(0.4)	(1.5)
AOCI related to cash flow hedges, accumulated tax	0.2	0.8
Total
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Rollforward]
Beginning balance	(86.9)	(72.9)
Ending balance	$ (46.4)	$ (93.8)

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. 31, 2018	Apr. 01, 2017	Mar. 31, 2018	Apr. 01, 2017
Earnings Per Share [Abstract]
Net income	$ 140.3	$ 122.2	$ 185.8	$ 439.3
Weighted-average basic shares (shares)	286.2	280.8	284.7	280.2
Effect of dilutive securities (shares)	3.9	2.1	3.1	2
Weighted-average diluted shares (shares)	290.1	282.9	287.8	282.2
Net income per share:
Basic (USD per share)	$ 0.49	$ 0.44	$ 0.65	$ 1.57
Diluted (USD per share)	$ 0.48	$ 0.43	$ 0.65	$ 1.56

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. 31, 2018	Apr. 01, 2017
Earnings Per Share [Abstract]
Shares excluded from diluted share calculations (shares)	4.2	9.9

Share-based Compensation (Total

Share-based Compensation (Total Compensation Cost and Related Tax Benefits) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Mar. 31, 2018	Apr. 01, 2017
Restructuring Cost and Reserve [Line Items]
Share-based compensation expense	$ 22,800,000	$ 20,100,000	$ 66,800,000	$ 56,800,000
Income tax benefit related to share-based compensation expense	5,900,000	6,400,000	17,800,000	17,500,000
Integration
Restructuring Cost and Reserve [Line Items]
Share-based compensation expense	400,000		5,100,000
Operational Efficiency Plan
Restructuring Cost and Reserve [Line Items]
Share-based compensation expense	$ 0	$ 1,200,000	$ 800,000	$ 1,700,000

Share-based Compensation (Summa

Share-based Compensation (Summary of Option Activity) (Details) - Stock Options shares in Millions	9 Months Ended
	Mar. 31, 2018$ / sharesshares
Number of Options Outstanding
Beginning balance (shares) | shares	15
Granted (shares) | shares	3.1
Exercised (shares) | shares	(4.5)
Forfeited or expired (shares) | shares	(0.8)
Ending balance (shares) | shares	12.8
Number of options outstanding, vested and expected to vest (shares) | shares	12.6
Number of options outstanding, exercisable (shares) | shares	6.7
Weighted-Average Exercise Price per Option
Beginning balance (USD per share) | $ / shares	$ 39.75
Granted (USD per share) | $ / shares	41.82
Exercised (USD per share) | $ / shares	48.08
Forfeited or expired (USD per share) | $ / shares	45.11
Ending balance (USD per share) | $ / shares	36.99
Weighted-average exercise price per option, vested and expected to vest (USD per share) | $ / shares	42.73
Weighted-average exercise price per option, exercisable (USD per share) | $ / shares	$ 46.24

Share-based Compensation (Narra

Share-based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Stock Options
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Total unrecognized compensation cost related to non-vested stock options	$ 29.5
Options outstanding, weighted-average remaining contractual term	1 year 3 months 18 days
Weighted-average grant-date fair value of awards granted (USD per share)	$ 7.75	$ 7.32
Total intrinsic value of options exercised	$ 57.2	$ 8.4
Total cash received from option exercises	156.7	39.2
Tax benefit realized for the tax deductions from option exercises	10.4	3.3
Restricted Stock Unit Awards (RSU)
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Tax benefit realized for the tax deductions from option exercises	$ 16.7	$ 19.3
Service-based Restricted Stock Unit Awards (RSU)
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Weighted-average grant-date fair value of awards granted (USD per share)	$ 43.31	$ 39.43
Total unrecognized compensation cost related to non-vested awards	$ 83.4
Total unrecognized compensation cost related to non-vested awards, weighted-average recognition period	1 year 3 months 18 days
Total fair value of shares vested	$ 82.1	$ 67.7
Performance-based Restricted Stock Unit Awards (PRSU)
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Weighted-average grant-date fair value of awards granted (USD per share)	$ 41.22	$ 39.53
Total unrecognized compensation cost related to non-vested awards	$ 13.5
Total unrecognized compensation cost related to non-vested awards, weighted-average recognition period	1 year 2 months 12 days
Total fair value of shares vested	$ 11.4	$ 0.9

Share-based Compensation (Sum57

Share-based Compensation (Summary of Non-vested Service-Based Restricted Stock Unit Activity) (Details) - Service-based Restricted Stock Unit Awards (RSU) shares in Millions	9 Months Ended
	Mar. 31, 2018$ / sharesshares
Number of Non-vested RSUs
Beginning balance (shares) | shares	3.5
Granted (shares) | shares	1.6
Awards issued in connection with acquisition (shares) | shares	0.4
Vested (shares) | shares	(1.7)
Forfeited (shares) | shares	(0.3)
Ending balance (shares) | shares	3.5
Weighted- Average Grant- Date Fair Value per RSUs
Beginning balance (USD per share) | $ / shares	$ 50.28
Granted (USD per share) | $ / shares	43.31
Awards issued in connection with acquisition (USD per share) | $ / shares	47.26
Vested (USD per share) | $ / shares	47.21
Forfeited (USD per share) | $ / shares	39.55
Ending balance (USD per share) | $ / shares	$ 49.18

Share-based Compensation (Sum58

Share-based Compensation (Summary of Non-vested Performance-based Restricted Stock Unit) (Details) - Performance-based Restricted Stock Unit Awards (PRSU) shares in Millions	9 Months Ended
	Mar. 31, 2018$ / sharesshares
Number of Non-vested PRSUs
Beginning balance (shares) | shares	1.5
Granted (shares) | shares	0.3
Change due to performance condition achievement (shares) | shares	(0.6)
Vested (shares) | shares	(0.2)
Forfeited, less than (shares) | shares	(0.1)
Ending balance (shares) | shares	0.9
Weighted- Average Grant- Date Fair Value per PRSUs
Beginning balance (USD per share) | $ / shares	$ 37.78
Granted (USD per share) | $ / shares	41.22
Change due to performance condition achievement (USD per share) | $ / shares	47.32
Vested (USD per share) | $ / shares	46.89
Forfeited (USD per share) | $ / shares	36.88
Ending balance (USD per share) | $ / shares	$ 30.64

Debt (Summary of Debt) (Details

Debt (Summary of Debt) (Details) - USD ($) $ in Millions	Mar. 31, 2018	Jul. 01, 2017	Jun. 20, 2017	Mar. 02, 2015
Current Debt:
Current debt	$ 0.7	$ 0
Long-Term Debt:
Long-term debt	1,617.7	1,600
Less: Unamortized Discount and Debt Issuance Costs	(18.2)	(20.5)
Total Long-Term Debt, net	1,599.5	1,579.5
Capital Lease Obligations
Current Debt:
Current debt	0.7	0
Long-Term Debt:
Long-term debt	6.3	0
Senior Notes | 4.250% Senior Notes due 2025
Long-Term Debt:
Long-term debt	$ 600	600
Interest rate, stated percentage	4.25%			4.25%
Senior Notes | 3.000% Senior Notes due 2022
Long-Term Debt:
Long-term debt	$ 400	400
Interest rate, stated percentage	3.00%		3.00%
Senior Notes | 4.125% Senior Notes due 2027
Long-Term Debt:
Long-term debt	$ 600	600
Interest rate, stated percentage	4.125%		4.125%
Note Payable
Long-Term Debt:
Long-term debt	$ 11.4	$ 0

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	Jan. 24, 2018	Jun. 20, 2017	May 30, 2017	Mar. 02, 2015	Mar. 31, 2018	Apr. 01, 2017	Mar. 31, 2018	Apr. 01, 2017	Jul. 10, 2017	Jul. 01, 2017
Debt Instrument [Line Items]
Interest expense					$ 18,900,000	$ 7,100,000	$ 68,600,000	$ 21,500,000
Long-term debt					1,599,500,000		1,599,500,000			$ 1,579,500,000
Revolving Facility | Revolving Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 900,000,000
Long-term debt					0		$ 0
Revolving Facility | Revolving Facility | Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate			0.50%
Revolving Facility | Revolving Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate							1.00%
Percentage of lease expense							600.00%
Term Loan
Debt Instrument [Line Items]
Long-term debt					0		$ 0
Term Loan | Six-Month Term Loan Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 800,000,000
Debt instrument, term			6 months
Repayments of debt	$ 800,000,000
Long-term debt									$ 800,000,000
Term Loan | Three Year Term Loan Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 300,000,000
Debt instrument, term			3 years
Repayments of debt	$ 300,000,000
Long-term debt									$ 300,000,000
Senior Notes | Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Long-term debt, fair value					$ 1,570,000,000		$ 1,570,000,000			$ 1,620,000,000
Senior Notes | 4.250% Senior Notes due 2025
Debt Instrument [Line Items]
Debt instrument, face amount				$ 600,000,000
Interest rate, stated percentage				4.25%	4.25%		4.25%
Debt instrument, issuance amount, percent of par				99.445%
Long-term debt, maturities, redemption period before maturity				90 days
Debt instrument, redemption price, percentage				100.00%
Senior Notes | 4.250% Senior Notes due 2025 | Adjusted Treasury Rate
Debt Instrument [Line Items]
Basis spread on variable rate							0.35%
Senior Notes | 3.000% Senior Notes due 2022
Debt Instrument [Line Items]
Debt instrument, face amount		$ 400,000,000
Interest rate, stated percentage		3.00%			3.00%		3.00%
Debt instrument, issuance amount, percent of par		99.505%
Debt instrument, redemption price, percentage		100.00%
Senior Notes | 3.000% Senior Notes due 2022 | Adjusted Treasury Rate
Debt Instrument [Line Items]
Basis spread on variable rate		0.25%
Senior Notes | 4.125% Senior Notes due 2027
Debt Instrument [Line Items]
Debt instrument, face amount		$ 600,000,000
Interest rate, stated percentage		4.125%			4.125%		4.125%
Debt instrument, issuance amount, percent of par		99.858%
Debt instrument, redemption price, percentage		100.00%
Senior Notes | 4.125% Senior Notes due 2027 | Adjusted Treasury Rate
Debt Instrument [Line Items]
Basis spread on variable rate		0.30%

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Measurements of Assets and Liabilities) (Details) - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2018	Jul. 01, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Maturity of time deposit	3 months
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 387.3	$ 760
Level 1 | Inventory-related hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liability	0	0
Level 1 | Intercompany loan hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liability	0	0
Level 1 | Short-term Investments | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 1 | Short-term Investments | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 1 | Short-term Investments | Government securities - U.S.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	130.4
Level 1 | Short-term Investments | Corporate debt securities - U.S.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 1 | Short-term Investments | Corporate debt securities - non U.S.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 1 | Short-term Investments | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 1 | Long-term Investments | Government securities - non U.S.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0.1	0
Level 1 | Long-term Investments | Corporate debt securities - U.S.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 1 | Long-term Investments | Corporate debt securities - non U.S.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0.4	226
Level 2 | Inventory-related hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1.8	3.5
Derivative liability	6.5	1
Level 2 | Intercompany loan hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1.7	0
Derivative liability	0.1	0.7
Level 2 | Short-term Investments | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0.7	0.6
Level 2 | Short-term Investments | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	68.8
Level 2 | Short-term Investments | Government securities - U.S.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 2 | Short-term Investments | Corporate debt securities - U.S.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	116.2
Level 2 | Short-term Investments | Corporate debt securities - non U.S.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	92.6
Level 2 | Short-term Investments | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	5.9	2.1
Level 2 | Long-term Investments | Government securities - non U.S.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Level 2 | Long-term Investments | Corporate debt securities - U.S.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	46.9
Level 2 | Long-term Investments | Corporate debt securities - non U.S.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	$ 0	$ 28.2

Investments (Summary of Investm

Investments (Summary of Investments) (Details) - USD ($) $ in Millions	Mar. 31, 2018	Jul. 01, 2017
Schedule of Investments [Line Items]
Short-term	$ 6.6	$ 410.7
Long-term	0.1	75.1
Total	6.7	485.8
Available-for-sale Investments
Schedule of Investments [Line Items]
Short-term	0	408
Long-term	0.1	75.1
Total	0.1	483.1
Available-for-sale Investments | Commercial paper
Schedule of Investments [Line Items]
Short-term	0	68.8
Long-term	0	0
Total	0	68.8
Available-for-sale Investments | Government securities - U.S.
Schedule of Investments [Line Items]
Short-term	0	130.4
Long-term	0	0
Total	0	130.4
Available-for-sale Investments | Government securities - non U.S.
Schedule of Investments [Line Items]
Short-term	0	0
Long-term	0.1	0
Total	0.1	0
Available-for-sale Investments | Corporate debt securities - U.S.
Schedule of Investments [Line Items]
Short-term	0	116.2
Long-term	0	46.9
Total	0	163.1
Available-for-sale Investments | Corporate debt securities - non U.S.
Schedule of Investments [Line Items]
Short-term	0	92.6
Long-term	0	28.2
Total	0	120.8
Other | Time deposits
Schedule of Investments [Line Items]
Short-term	0.7	0.6
Long-term	0	0
Total	0.7	0.6
Other | Other
Schedule of Investments [Line Items]
Short-term	5.9	2.1
Long-term	0	0
Total	$ 5.9	$ 2.1

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($)	9 Months Ended
	Mar. 31, 2018	Jul. 01, 2017
Investments, Debt and Equity Securities [Abstract]
Maturity of time deposit	3 months
Available-for-sale securities, gross unrealized gain (loss)	$ 0	$ 0

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Dec. 22, 2017	Dec. 21, 2017	Mar. 31, 2018	Jun. 29, 2019	Jun. 30, 2018	Jul. 01, 2017
Operating Loss Carryforwards [Line Items]
Income tax rate	21.00%	35.00%
Transition tax			$ 304.3
Long-term income taxes payable			270.9			$ 0
Current income taxes payable			$ 33.4
Scenario, Forecast
Operating Loss Carryforwards [Line Items]
Income tax rate				21.00%	28.00%
Transition tax					$ 315

Income Taxes (Provisions for In

Income Taxes (Provisions for Income Taxes) (Details) $ in Millions	9 Months Ended
	Mar. 31, 2018USD ($)
Income Tax Disclosure [Abstract]
Impact of Change in U.S. Federal Statutory Rate on Pre-Tax Income	$ (9.6)
Transition tax	304.3
Re-measurement of deferred taxes	(104.7)
Total Impact of Tax Legislation	$ 190

Income Taxes Income Taxes (Annu

Income Taxes Income Taxes (Annual Payments) (Details) $ in Millions	Mar. 31, 2018USD ($)
Income Tax Disclosure [Abstract]
Remainder of fiscal 2018	$ 0
Fiscal 2,019	50.4
Fiscal 2,020	25.2
Fiscal 2,021	25.2
Fiscal 2,022	25.2
Fiscal 2,023	47.3
Fiscal 2024 and thereafter	141.7
Total	$ 315

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Mar. 31, 2018	Jun. 30, 2018	Jul. 01, 2017
Commitments And Contingencies Disclosure [Line Items]
Standby letters of credit and bank guarantees	$ 23.7		$ 9
Transition tax	$ 304.3
Scenario, Forecast
Commitments And Contingencies Disclosure [Line Items]
Transition tax		$ 315

Segment Information (Narrative)

Segment Information (Narrative) (Details) - segment	3 Months Ended	9 Months Ended
	Jul. 01, 2017	Mar. 31, 2018
Segment Reporting [Abstract]
Reportable segments	3	3

Segment Information (Summary of

Segment Information (Summary of Segment Information) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Mar. 31, 2018	Apr. 01, 2017
Segment Reporting Information [Line Items]
Net sales	$ 1,322,400,000	$ 995,200,000	$ 4,396,300,000	$ 3,354,500,000
Gross profit	908,900,000	705,700,000	2,850,700,000	2,326,600,000
Operating income (loss)	159,000,000	151,100,000	483,600,000	594,400,000
Income (loss) before provision for income taxes	142,100,000	147,100,000	424,000,000	579,600,000
Depreciation and amortization expense	65,900,000	50,200,000	197,400,000	153,900,000
Additions to long-lived assets	60,100,000	70,400,000	186,600,000	192,100,000
Depreciation and amortization expense	3,600,000		8,800,000
Operational Efficiency Plan
Segment Reporting Information [Line Items]
Depreciation and amortization expense	0	1,700,000	0	5,200,000
Corporate
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Gross profit	0	0	0	0
Operating income (loss)	(74,100,000)	(74,300,000)	(249,100,000)	(217,900,000)
Income (loss) before provision for income taxes	(91,000,000)	(78,300,000)	(308,700,000)	(232,700,000)
Depreciation and amortization expense	9,900,000	11,500,000	32,700,000	39,200,000
Additions to long-lived assets	26,700,000	35,600,000	62,100,000	59,000,000
Coach | Operating Segments
Segment Reporting Information [Line Items]
Net sales	969,300,000	915,300,000	3,122,600,000	3,068,800,000
Gross profit	691,300,000	656,100,000	2,169,400,000	2,149,900,000
Operating income (loss)	240,900,000	222,900,000	800,400,000	793,900,000
Income (loss) before provision for income taxes	240,900,000	222,900,000	800,400,000	793,900,000
Depreciation and amortization expense	33,000,000	34,700,000	103,500,000	103,000,000
Additions to long-lived assets	29,900,000	32,300,000	103,800,000	115,700,000
Kate Spade | Operating Segments
Segment Reporting Information [Line Items]
Net sales	269,300,000	0	972,800,000	0
Gross profit	172,300,000	0	506,600,000	0
Operating income (loss)	3,800,000	0	(85,800,000)	0
Income (loss) before provision for income taxes	3,800,000	0	(85,800,000)	0
Depreciation and amortization expense	18,800,000	0	49,000,000	0
Additions to long-lived assets	2,300,000	0	16,300,000	0
Stuart Weitzman | Operating Segments
Segment Reporting Information [Line Items]
Net sales	83,800,000	79,900,000	300,900,000	285,700,000
Gross profit	45,300,000	49,600,000	174,700,000	176,700,000
Operating income (loss)	(11,600,000)	2,500,000	18,100,000	18,400,000
Income (loss) before provision for income taxes	(11,600,000)	2,500,000	18,100,000	18,400,000
Depreciation and amortization expense	4,200,000	4,000,000	12,200,000	11,700,000
Additions to long-lived assets	$ 1,200,000	$ 2,500,000	$ 4,400,000	$ 17,400,000

Headquarters Transactions (Deta

Headquarters Transactions (Details) $ in Millions	Sep. 13, 2017USD ($)ft²$ / ft²	Oct. 01, 2016USD ($)ft²	Jun. 30, 2019USD ($)	Dec. 31, 2016USD ($)	Mar. 31, 2018USD ($)	Apr. 01, 2017USD ($)	Jun. 29, 2036USD ($)
Sale Leaseback Transaction [Line Items]
Minimum lease payments		$ 1,050			$ 1,050
Minimum lease payments, due in fiscal 2017		41.4			41.4
Minimum lease payments, due in fiscal 2018		45.1			45.1
Minimum lease payments, due in fiscal 2019					45.1
Minimum lease payments, due in fiscal 2020					45.1
Minimum lease payments, due in fiscal 2021					45.1
Minimum lease payments, due for years subsequent to 2021		825.5			825.5
Proceeds from sale of former headquarters				$ 126	$ 0	$ 126
Office Building
Sale Leaseback Transaction [Line Items]
Investment purchase price received		707
Amount due to developer		77
Transaction costs		26
Deferred gain		$ 28.8
Amortization period of deferred gain		20 years
Lease term		20 years
Leased building area | ft²		694,000
Office Building | The Guardian Life Insurance Company of America
Sale Leaseback Transaction [Line Items]
Leased building area | ft²	148,813
Tenant improvements expense (usd per sqft) | $ / ft²	80
Tenant improvements expense	$ 11.9
Tenant reimbursements (usd per sqft) | $ / ft²	10
Tenant reimbursements	$ 1.5
Office Building | The Guardian Life Insurance Company of America | Scenario, Forecast
Sale Leaseback Transaction [Line Items]
Rent expense, sublease rentals per month			$ 0.8
Minimum | Office Building | The Guardian Life Insurance Company of America | Scenario, Forecast
Sale Leaseback Transaction [Line Items]
Rent expense, sublease rentals per month							$ 1.1
Maximum | Office Building | The Guardian Life Insurance Company of America | Scenario, Forecast
Sale Leaseback Transaction [Line Items]
Rent expense, sublease rentals per month							$ 1.3