Tapestry (TPR) 10-Q 8 Nov 18 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 29, 2018	Oct. 26, 2018
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 29, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q1
Trading Symbol	TPR
Entity Registrant Name	TAPESTRY, INC.
Entity Central Index Key	1,116,132
Current Fiscal Year End Date	--06-29
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		289,795,992
Entity Emerging Growth Company	false
Entity Small Business	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 29, 2018	Jun. 30, 2018
Current Assets:
Cash and cash equivalents	$ 904.7	$ 1,243.4
Short-term investments	158.5	6.6
Trade accounts receivable, less allowances of $4.2 and $1.5, respectively	283.1	314.1
Inventories	820.9	673.8
Prepaid expenses	109.1	82.6
Income tax receivable	92.8	25.8
Other current assets	98.4	86.3
Total current assets	2,467.5	2,432.6
Property and equipment, net	888.3	885.4
Goodwill	1,485	1,484.3
Intangible assets	1,728.5	1,732.9
Deferred income taxes	22.8	24.3
Other assets	111.2	118.8
Total assets	6,703.3	6,678.3
Current Liabilities:
Accounts payable	292.9	264.3
Accrued liabilities	605.8	673.2
Current debt	0.7	0.7
Total current liabilities	899.4	938.2
Long-term debt	1,600.5	1,599.9
Deferred income taxes	225.5	206.2
Long-term income taxes payable	217.7	222.4
Other liabilities	450.6	467
Total liabilities	3,393.7	3,433.7
See Note 16 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 - 289.8 million and 288.0 million shares, respectively	2.9	2.9
Additional paid-in-capital	3,231.1	3,205.5
Retained earnings	163.7	119
Accumulated other comprehensive income (loss)	(88.1)	(82.8)
Total stockholders' equity	3,309.6	3,244.6
Total liabilities and stockholders' equity	$ 6,703.3	$ 6,678.3

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Sep. 29, 2018	Jun. 30, 2018
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 4.2	$ 1.5
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)	289,800,000	288,000,000
Common stock, outstanding (shares)	289,800,000	288,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Income Statement [Abstract]
Net sales	$ 1,381.2	$ 1,288.9
Cost of sales	446.1	526
Gross profit	935.1	762.9
Selling, general and administrative expenses	777.4	784.7
Operating income (loss)	157.7	(21.8)
Interest expense, net	13.1	20.5
Income (loss) before provision for income taxes	144.6	(42.3)
Provision for income taxes	22.3	(24.6)
Net income (loss)	$ 122.3	$ (17.7)
Net income (loss) per share:
Basic (USD per share)	$ 0.42	$ (0.06)
Diluted (USD per share)	$ 0.42	$ (0.06)
Shares used in computing net income (loss) per share:
Basic (shares)	288.8	283.2
Diluted (shares)	292	286.7
Cash dividends declared per common share (USD per share)	$ 0.3375	$ 0.3375

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 122.3	$ (17.7)
Other comprehensive (loss) income, net of tax:
Unrealized gains (losses) on cash flow hedging derivatives, net	4.5	(3.1)
Unrealized gains on available-for-sale investments, net	0	0.2
Foreign currency translation adjustments	(9.8)	8.5
Other comprehensive (loss) income, net of tax	(5.3)	5.6
Comprehensive income (loss)	$ 117	$ (12.1)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
CASH FLOWS USED IN OPERATING ACTIVITIES
Net income (loss)	$ 122.3	$ (17.7)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	61	65.5
Provision for bad debt	2.6	0.3
Share-based compensation	22	20
Integration and restructuring activities	1.4	94.6
Deferred income taxes	17.2	(23.6)
Other non-cash charges, net	5.6	(3.2)
Changes in operating assets and liabilities:
Trade accounts receivable	25.5	31.6
Inventories	(150.7)	(156)
Accounts payable	23.4	(23.8)
Accrued liabilities	(65.9)	(45.7)
Other liabilities	(2)	(38.9)
Other assets	(81.7)	(6.9)
Net cash used in operating activities	(19.3)	(103.8)
CASH FLOWS USED IN INVESTING ACTIVITIES
Acquisitions, net of cash acquired	(15.7)	(2,320.2)
Purchases of investments	(159.9)	(3)
Proceeds from maturities and sales of investments	7.8	150.5
Purchases of property and equipment	(55.2)	(48.9)
Net cash used in investing activities	(223)	(2,221.6)
CASH FLOWS (USED IN) PROVIDED BY FINANCING ACTIVITIES
Dividend payments	(97.2)	(95.1)
Proceeds from issuance of debt	0	1,100
Proceeds from share-based awards	26.2	43.5
Taxes paid to net settle share-based awards	(23.1)	(26)
Net cash (used in) provided by financing activities	(94.1)	1,022.4
Effect of exchange rate changes on cash and cash equivalents	(2.3)	3.4
Net decrease in cash and cash equivalents	(338.7)	(1,299.6)
Cash and cash equivalents at beginning of period	1,243.4	2,672.9
Cash and cash equivalents at end of period	904.7	1,373.3
Supplemental information:
Cash paid for income taxes, net	69.2	22.5
Cash paid for interest	19.1	12.8
Noncash investing activity - property and equipment obligations	$ 39.7	$ 46.5

Nature of Operations

Nature of Operations	3 Months Ended
	Sep. 29, 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 global sales of Coach brand products to customers through Coach operated stores, including the Internet and concession shop-in-shops, sales to wholesale customers and through independent third party distributors. The Kate Spade segment includes global sales primarily of kate spade new york brand products to customers through Kate Spade operated stores, including the Internet, sales to wholesale customers, through concession shop-in-shops and through independent third party distributors. The Stuart Weitzman segment includes global sales of Stuart Weitzman brand products primarily through Stuart Weitzman operated stores, including the Internet, sales to wholesale customers and through numerous independent third party distributors.

Basis of Presentation and Organ

Basis of Presentation and Organization	3 Months Ended
	Sep. 29, 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 Securities and Exchange Commission ("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 (loss) 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 June 30, 2018 ("fiscal 2018") and other filings filed with the SEC. The results of operations, cash flows and comprehensive income for the three months ended September 29, 2018 are not necessarily indicative of results to be expected for the entire fiscal year, which will end on June 29, 2019 ("fiscal 2019 "). During the first quarter of fiscal 2019, the Company acquired designated assets of its Stuart Weitzman distributor in Southern China and its Kate Spade distributor in Australia. 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 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 results of operations of each acquired entity have been included in the condensed consolidated financial statements since the respective date of each acquisition. Fiscal Periods The Company utilizes a 52-53 week fiscal year ending on the Saturday closest to June 30. Fiscal 2019 will be a 52-week period. Fiscal 2018 ended on June 30, 2018 and was also a 52-week period. The first quarter of fiscal 2019 ended on September 29, 2018 and the first quarter of fiscal 2018 ended on September 30, 2017 . These were 13-week periods. 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 condensed consolidated 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; 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; accounting for business combinations; the valuation of stock-based compensation awards and related expected forfeiture rates; reserves for restructuring; and reserves for litigation and other contingencies, 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 are 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. Beginning in fiscal 2019, the Company changed its expense reporting to more closely align with the organizational structure and management of the business. Accordingly, certain Selling, general and administrative ("SG&A") expenses that were reported within our reportable segments in fiscal 2018 are now reflected as Corporate expenses. Refer to Note 17, "Segment Information," for further information. In addition, certain prior year costs related to compensation of the supply chain function for Kate Spade have been reclassified to conform to the current year presentation. These costs amounted to $5.4 million for the fiscal year ended June 30, 2018 and have been reclassified from SG&A expenses to Cost of sales within the Company's Condensed Consolidated Statements of Operations.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Sep. 29, 2018
Accounting Policies [Abstract]
Recent Accounting Pronouncements	RECENT ACCOUNTING PROUNOUNCEMENTS Recently Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, " Revenue from Contracts with Customers " ("ASU 2014-09"), 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 supersedes 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 Company adopted ASU 2014-09 beginning in the first quarter of fiscal 2019 utilizing the modified retrospective approach. The cumulative effect of initially applying the new standard did not result in a change to opening retained earnings. Prior year comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. Effects of adoption include balance sheet presentation changes including presentation of estimated returned products and refund liabilities on a gross basis, as well as an increase in deferred revenue related to current year licensing contract activity due to a change in the method of recognizing sales-based royalties. These balance sheet presentation changes resulted in an increase of $6.1 million to Other current assets, a decrease of $5.8 million to Accounts receivable and an increase of $1.8 million to Accrued liabilities. Furthermore, the adoption changed the income statement classification of certain items, primarily related to cooperative advertising allowances and other consideration provided to wholesale customers. The following table compares the reported results in fiscal 2019 under the new standard to the amounts that would have been reported if the standard had not been adopted: Three Months Ended September 29, 2018 (millions) As Reported Impact of Adoption Balances Excluding Adoption Net sales $ 1,381.2 $ (2.2 ) $ 1,383.4 Cost of sales 446.1 0.1 446.0 Gross profit 935.1 (2.3 ) 937.4 Selling, general and administrative expenses 777.4 (0.8 ) 778.2 Operating income (loss) $ 157.7 $ (1.5 ) $ 159.2 For further information regarding revenue from contracts with customers, refer to Note 4, "Revenue." In October 2016, the FASB issued ASU No. 2016-16, "Intra-Entity Transfers of Assets Other Than Inventory" ("ASU 2016-16"). This ASU requires recognition of income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs, rather than when the asset has been sold to a third party. The Company adopted ASU 2016-16 beginning in the first quarter of fiscal 2019 utilizing the modified retrospective approach, which resulted in a cumulative adjustment of $20.2 million to its opening retained earnings balance. Overall, the adoption of ASU 2016-16 did not have a material impact on the Company's consolidated financial statements. Recently Issued Accounting Pronouncements Not Yet Adopted 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. In July 2018, the FASB issued ASU 2018-11, with targeted improvements to the guidance including an additional transition method for the new standard. As a result, the new standard may be applied with a retrospective approach to each prior reporting period with various optional practical expedients, or with the initial application at the adoption with a cumulative-effect adjustment in the opening balance of retained earnings. The Company is currently performing a comprehensive evaluation of the impact of adopting this guidance on its consolidated financial statements and notes thereto, and has not yet determined which transition method will be applied upon adoption. 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 August 2018, the FASB issued ASU No. 2018-13, " Fair Value Measurement (Topic 820) " ("ASU 2018-13"), which is intended to improve the effectiveness of fair value disclosures. The ASU removes or modifies certain disclosure requirements related to fair value information, as well as adds new disclosure requirements for Level 3 fair value measurements. The requirements of the new standard will be effective for annual reporting periods beginning after December 15, 2019, and interim periods within those annual periods, which for the Company is the first quarter of fiscal 2021. Early adoption is permitted. The company is currently in the process of evaluating the impact that adopting ASU 2018-13 will have on its consolidated financial statements and notes thereto, however, does not expect a material impact resulting from this guidance. In August 2018, the FASB issued ASU No. 2018-15, " Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) " ("ASU 2018-15"), which is intended to clarify the accounting for implementation costs of cloud computing arrangements which are deemed to be a service contract rather than a software license. The requirements of the new standard will be effective for annual reporting periods beginning after December 15, 2019, and interim periods within those annual periods, which for the Company is the first quarter of fiscal 2021. Early adoption is permitted. The company is currently in the process of evaluating the impact that adopting ASU 2018-15 will have on its consolidated financial statements and notes thereto.

Revenue Revenue

Revenue Revenue	3 Months Ended
	Sep. 29, 2018
Revenue from Contract with Customer [Abstract]
Revenue	REVENUE The Company recognizes revenue primarily from sales of the products of its brands through retail and wholesale channels, including the Internet. The Company also generates revenue from royalties related to licensing its trademarks, as well as sales in ancillary channels. In all cases, revenue is recognized upon the transfer of control of the promised products or services to the customer, which may be at a point in time or over time. Control is transferred when the customer obtains the ability to direct the use of and obtain substantially all of the remaining benefits from the products or services. The amount of revenue recognized is the amount of consideration to which the Company expects to be entitled, including estimation of sale terms that may create variability in the consideration. Revenue subject to variability is constrained to an amount which will not result in a significant reversal in future periods when the contingency that creates variability is resolved. The Company recognizes revenue in its retail stores, including concession shop-in-shops, at the point-of-sale when the customer obtains physical possession of the products. Internet revenue from sales of products ordered through the Company's e-commerce sites is recognized upon delivery and receipt of the shipment by its customers and includes shipping and handling charges paid by customers. Retail and Internet revenues are recorded net of estimated returns, which are estimated by developing an expected value based on historical experience. Payment is due at the point of sale. Gift cards issued by the Company are recorded as a liability until redeemed by the customer, at which point revenue is recognized. The company also uses historical information to estimate the amount of gift card balances that will never be redeemed and recognizes that amount as revenue over time in proportion to actual customer redemptions if the Company does not have a legal obligation to remit unredeemed gift cards to any jurisdiction as unclaimed property. The Company recognizes revenue within the wholesale channel at the time title passes and risk of loss is transferred to customers, which is generally at the point of shipment of products but may occur upon receipt of the shipment by the customer in certain cases. Payment is generally due 30 to 90 days after shipment. Wholesale revenue is recorded net of estimates for returns, discounts, end-of-season markdowns, cooperative advertising allowances and other consideration provided to the customer. Discounts are based on contract terms with the customer, while cooperative advertising allowances and other consideration may be based on contract terms or negotiated on a case by case basis. Returns and markdowns generally require approval from the Company and are estimated based on historical trends, current season results and inventory positions at the wholesale locations, current market and economic conditions as well as, in select cases, contractual terms. The Company's historical estimates of these variable amounts have not differed materially from actual results. The Company recognizes licensing revenue over time during the contract period in which licensees are granted access to the Company's trademarks. These arrangements require licensees to pay a sales-based royalty and may include a contractually guaranteed minimum royalty amount. Revenue for contractually guaranteed minimum royalty amounts is recognized ratably over the license year and any excess sales-based royalties are recognized as earned once the minimum royalty threshold is achieved. Payments from the customer are generally due quarterly in an amount based on the licensee's sales of goods bearing the licensed trademarks during the period, which may differ from the amount of revenue recorded during the period thereby generating a contract asset or liability. Contract assets and liabilities and contract costs related to the licensing arrangements are immaterial as the licensing business represents approximately 1% of total net sales in the three months ending September 29, 2018. The Company has elected a practical expedient not to disclose the remaining performance obligations that are unsatisfied as of the end of the period related to contracts with an original duration of one year or less and variable consideration related to sales-based royalty arrangements. There are no other contracts with transaction price allocated to remaining performance obligations other than future minimum royalties as discussed above, which are not material. Other practical expedients elected by the Company include (i) assuming no significant financing component exists for any contract with a duration of one year or less, (ii) accounting for shipping and handling as a fulfillment activity within SG&A expense regardless of the timing of the shipment in relation to the transfer of control and (iii) excluding sales and value added tax from the transaction price. Disaggregated Net Sales The following table disaggregates the Company's net sales into geographies that depict how economic factors may impact the revenues and cash flows for the periods presented. Each geography presented includes net sales related to the Company's directly operated channels, global travel retail business and to wholesale customers, including distributors, in locations within the specified geographic area. North America Greater China (1) Other Asia (2) Other (3) Total (millions) Three Months Ended September 29, 2018 Coach $ 544.6 $ 161.1 $ 190.9 $ 64.1 $ 960.7 Kate Spade 257.6 11.2 35.0 21.6 325.4 Stuart Weitzman 48.3 14.9 5.9 26.0 95.1 Total $ 850.5 $ 187.2 $ 231.8 $ 111.7 $ 1,381.2 Three Months Ended September 30, 2017 Coach $ 527.4 $ 158.9 $ 173.4 $ 64.0 $ 923.7 Kate Spade 217.3 0.2 31.4 19.9 268.8 Stuart Weitzman 56.5 9.0 3.1 27.8 96.4 Total $ 801.2 $ 168.1 $ 207.9 $ 111.7 $ 1,288.9 (1) Greater China includes mainland China, Hong Kong, Macau and Taiwan. (2) Other Asia includes Japan, Australia, New Zealand, South Korea, Thailand and other countries within Asia. (3) Other international sales primarily represents sales in Europe, the Middle East and licensing. Deferred Revenue Deferred revenue results from cash payments received or receivable from customers prior to the transfer of the promised goods or services, and is primarily related to unredeemed gift cards, net of breakage which has been recognized, as well as sales-based royalty payments received. The balance of such amounts as of September 29, 2018 and June 30, 2018 was $31.2 million and $29.1 million , respectively, which were primarily recorded within Accrued liabilities on the Company's Condensed Consolidated Balance Sheets and are generally expected to be recognized as revenue within a year. For the three months ended September 29, 2018 , net sales of $3.0 million were recognized from amounts recorded as deferred revenue as of June 30, 2018 .

Integration and Acquisition Cos

Integration and Acquisition Costs	3 Months Ended
	Sep. 29, 2018
Business Combinations [Abstract]
Integration and Acquisition Costs	INTEGRATION AND ACQUISITION COSTS During the three months ended September 29, 2018 , the Company incurred integration costs of $19.5 million . The charges recorded in Cost of sales were $0.6 million . Of the amount recorded to Cost of sales, $2.0 million was recorded in the Coach segment and a reduction of expense of $1.4 million was recorded in the Kate Spade segment. The charges recorded to SG&A expenses were $18.9 million . Of the amount recorded to SG&A expenses, $11.5 million was recorded in the Stuart Weitzman segment, $4.0 million was recorded within Corporate and $3.4 million was recorded in the Kate Spade segment. Of the total costs of $19.5 million , $1.4 million were non-cash charges related to inventory, organization-related costs and asset write-offs. The Company estimates that it will incur approximately $40 million in pre-tax charges, of which approximately $ 5-10 million are expected to be non-cash charges, for the remainder of fiscal 2019. During the three months ended September 30, 2017 , the Company incurred integration and acquisition-related costs of $187.5 million . The charges recorded in cost of sales for the three months ended September 30, 2017 were $88.4 million . These charges recorded to cost of sales were recorded in the Kate Spade segment. The charges recorded in SG&A expenses for the three months ended September 30, 2017 were $99.1 million . Of the amount recorded to SG&A expenses, $67.8 million was recorded in the Kate Spade segment, $30.4 million was recorded within Corporate and $0.9 million was recorded in the Stuart Weitzman segment. Of the total costs of $187.5 million , $94.6 million were non-cash charges related to purchase accounting adjustments, inventory, organization-related costs and asset write-offs. Refer to Note 7, "Acquisitions," for more information. A summary of the integration and acquisition charges is as follows: Three Months Ended September 29, 2018 September 30, 2017 (millions) Purchase accounting adjustments (1) $ 2.0 $ 52.0 Acquisition costs (2) — 39.9 Inventory-related charges (3) (1.4 ) 37.6 Contractual payments (4) 7.1 35.9 Organization-related costs (5) 0.3 14.0 Other (6) 11.5 8.1 Total $ 19.5 $ 187.5 (1) Purchase accounting adjustments were primarily related to the short-term impact of the amortization of fair value adjustments. (2) Acquisition costs were primarily related to deal fees associated with the acquisition. (3) Inventory-related charges were primarily related to reserves for the destruction of certain on-hand inventory and non-cancelable inventory purchase commitments related to raw materials. (4) Contractual payments were primarily related to contract termination charges for the three months ended September 29, 2018 and were primarily related to severance and related costs as a result of pre-existing agreements with certain Kate Spade executives which became effective upon the closing of the acquisition for the three months ended September 30, 2017. (5) Organization-related costs were primarily related to severance charges. (6) Other charges were primarily related to professional fees and asset write-offs.

Restructuring Activities

Restructuring Activities	3 Months Ended
	Sep. 29, 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 months ended September 30, 2017 , the Company incurred charges of $3.1 million primarily due to technology infrastructure costs and organizational efficiency costs. Total cumulative charges incurred under the Operational Efficiency Plan were $87.4 million . These charges were recorded as Corporate expenses within SG&A expenses within the Company's Condensed Consolidated Statements of Operations. The plan was concluded at the end of fiscal 2018. There were no remaining liabilities under the Company's Operational Efficiency Plan as of September 29, 2018 . The balance of $1.4 million as of June 30, 2018 is included within Accrued liabilities on the Company's Condensed Consolidated Balance Sheets.

Acquisitions

Acquisitions	3 Months Ended
	Sep. 29, 2018
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS Fiscal 2019 Acquisitions Distributor Acquisitions During the first quarter of fiscal 2019, the Company acquired designated assets of its Stuart Weitzman distributor in Southern China and its Kate Spade distributor in Australia. The aggregate purchase consideration for the two acquisitions was $18.0 million , all of which will be paid in cash. Of the cash consideration, $15.7 million was paid during the first quarter of fiscal 2019 and the remaining will be paid in the future. Of the total purchase consideration of $18.0 million , $11.1 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 $6.9 million , all of which was assigned to the Stuart Weitzman segment. The purchase price allocation for these assets acquired and liabilities assumed is expected to be updated during the second quarter of fiscal 2019. The pro forma results are not presented for these acquisitions as they are immaterial. Fiscal 2018 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 became a wholly owned subsidiary of the Company. The aggregate cash paid in connection with the acquisition of Kate Spade was $2.39 billion (or $2.32 billion net of cash acquired). Consideration also included $5.3 million as a result of the conversion of 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 12, "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 complete. 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 at Acquisition Date Measurement Period Adjustments Adjusted Fair Value (millions) Cash and cash equivalents $ 71.8 $ — $ 71.8 Trade accounts receivable 62.8 — 62.8 Inventories (1) 310.1 — 310.1 Prepaid expenses and other current assets 33.9 (1.2 ) 32.7 Property and equipment 175.5 — 175.5 Goodwill (2)(3) 916.1 (16.1 ) 900.0 Brand intangible asset (4) 1,300.0 — 1,300.0 Other intangible assets (5) 119.2 — 119.2 Other assets 59.0 11.1 70.1 Total assets acquired 3,048.4 (6.2 ) 3,042.2 Accounts payable and accrued liabilities 233.3 — 233.3 Deferred income taxes (6) 333.0 (7.3 ) 325.7 Other liabilities (7) 84.8 1.1 85.9 Total liabilities assumed 651.1 (6.2 ) 644.9 Total purchase price 2,397.3 — 2,397.3 Less: Cash acquired (71.8 ) — (71.8 ) Total purchase price, net of cash acquired $ 2,325.5 $ — $ 2,325.5 (1) Included a step-up adjustment of $67.5 million , which was amortized over 4 months . (2) The majority of the goodwill balance is not deductible for tax purposes. (3) The Company assigned $324.0 million of goodwill associated with the Kate Spade acquisition to Coach brand reporting units based upon the analysis of expected synergies, including the allocation of corporate synergies to the brands. (4) The brand intangible asset, of which the majority is not deductible for tax purposes, was valued based on the multi-period excess earnings method. (5) The components of other intangible assets included favorable lease rights of $72.2 million (amortized over the remainder of the underlying lease terms), customer relationships of $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 $200.1 million of net deferred tax assets related to Kate Spade historical federal and state net operating losses, net of a $39.3 million valuation allowance, 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. (7) Includes an adjustment for unfavorable lease rights of $49.5 million (amortized over the remainder of the underlying lease terms). 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 is cash consideration and the remaining is related to non-cash consideration. Of the cash consideration, $61.5 million (or $55.6 million net of cash acquired) was paid during 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. During the fourth quarter of fiscal 2018, there were measurement period adjustments of $2.3 million and $0.5 million , related to the Kate Spade and Stuart Weitzman segments, respectively, which decreased Goodwill. 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	3 Months Ended
	Sep. 29, 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 June 30, 2018 $ 654.8 $ 627.0 $ 202.5 $ 1,484.3 Foreign exchange impact (3.5 ) (1.4 ) (1.3 ) (6.2 ) Acquisition of goodwill (1) — — 6.9 6.9 Balance at September 29, 2018 $ 651.3 $ 625.6 $ 208.1 $ 1,485.0 (1) Refer to Note 7, "Acquisitions," for further information. Intangible Assets Intangible assets consist of the following: September 29, 2018 June 30, 2018 Gross Accum. Net Gross Accum. Net (millions) Intangible assets subject to amortization: Customer relationships $ 100.5 $ (19.0 ) $ 81.5 $ 100.5 $ (17.3 ) $ 83.2 Order backlog — — — 2.0 (2.0 ) — Favorable lease rights 97.3 (27.1 ) 70.2 97.3 (24.4 ) 72.9 Total intangible assets subject to amortization 197.8 (46.1 ) 151.7 199.8 (43.7 ) 156.1 Intangible assets not subject to amortization: Trademarks and trade names 1,576.8 — 1,576.8 1,576.8 — 1,576.8 Total intangible assets $ 1,774.6 $ (46.1 ) $ 1,728.5 $ 1,776.6 $ (43.7 ) $ 1,732.9 As of September 29, 2018 , the expected amortization expense for intangible assets is as follows: Amortization Expense (millions) Remainder of fiscal 2019 $ 16.5 Fiscal 2020 19.9 Fiscal 2021 18.4 Fiscal 2022 16.4 Fiscal 2023 15.3 Fiscal 2024 13.3 Fiscal 2025 and thereafter 51.9 Total $ 151.7 The expected amortization expense above reflects remaining useful lives ranging from approximately 11.6 to 13.8 years for customer relationships and the remaining lease terms ranging from approximately 4 months to 16.5 years for favorable lease rights.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Sep. 29, 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 Retained Earnings / (Accumulated Deficit) Accumulated Other Comprehensive Income (Loss) Total Stockholders' Equity (millions, except per share data) Balance at July 1, 2017 281.9 $ 2.8 $ 2,978.3 $ 107.7 $ (86.9 ) $ 3,001.9 Net loss — — — (17.7 ) — (17.7 ) Other comprehensive income — — — — 5.6 5.6 Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes 2.3 — 17.5 — — 17.5 Share-based compensation — — 23.3 — — 23.3 Additional paid-in-capital as part of purchase consideration — — 5.3 — — 5.3 Dividends declared ($0.3375 per share) — — — (95.9 ) — (95.9 ) Balance at September 30, 2017 284.2 $ 2.8 $ 3,024.4 $ (5.9 ) $ (81.3 ) $ 2,940.0 Balance at June 30, 2018 288.0 $ 2.9 $ 3,205.5 $ 119.0 $ (82.8 ) $ 3,244.6 Net income — — — 122.3 — 122.3 Other comprehensive loss — — — — (5.3 ) (5.3 ) Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes 1.8 — 3.2 — — 3.2 Share-based compensation — — 22.4 — — 22.4 Dividends declared ($0.3375 per share) — — — (97.8 ) — (97.8 ) Cumulative adjustment from adoption of new accounting standard (see Note 3) — — — 20.2 — 20.2 Balance at September 29, 2018 289.8 $ 2.9 $ 3,231.1 $ 163.7 $ (88.1 ) $ 3,309.6 The components of accumulated other comprehensive income (loss) ("AOCI"), as of the dates indicated, are as follows: Unrealized Gains (Losses) on Cash Flow Hedging Derivatives (1) Unrealized (Losses) Gains on Available- for-Sale Investments Cumulative Translation Adjustment Other (2) Total (millions) Balances at July 1, 2017 $ 3.0 $ (0.4 ) $ (89.1 ) $ (0.4 ) $ (86.9 ) Other comprehensive (loss) income before reclassifications (1.5 ) 0.2 8.5 — 7.2 Less: income reclassified from accumulated other comprehensive income to earnings 1.6 — — — 1.6 Net current-period other comprehensive (loss) income (3.1 ) 0.2 8.5 — 5.6 Balances at September 30, 2017 $ (0.1 ) $ (0.2 ) $ (80.6 ) $ (0.4 ) $ (81.3 ) Balances at June 30, 2018 $ 1.4 $ — $ (85.3 ) $ 1.1 $ (82.8 ) Other comprehensive income (loss) before reclassifications 3.6 — (9.8 ) — (6.2 ) Less: losses reclassified from accumulated other comprehensive income to earnings (0.9 ) — — — (0.9 ) Net current-period other comprehensive income (loss) 4.5 — (9.8 ) — (5.3 ) Balances at September 29, 2018 $ 5.9 $ — $ (95.1 ) $ 1.1 $ (88.1 ) (1) The ending balances of AOCI related to cash flow hedges are net of tax of ($1.6) million and ($1.1) million as of September 29, 2018 and September 30, 2017 , respectively. The amounts reclassified from AOCI are net of tax of $0.3 million and ($1.0) million as of September 29, 2018 and September 30, 2017 , respectively. (2) Other represents the accumulated loss on the Company's minimum pension liability adjustment. The balances at September 29, 2018 and September 30, 2017 are net of tax of $0.6 million and $0.2 million, respectively.

Earnings per Share

Earnings per Share	3 Months Ended
	Sep. 29, 2018
Earnings Per Share [Abstract]
Earnings per Share	EARNINGS PER SHARE Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares outstanding during the period. Diluted net income (loss) per share is calculated similarly but includes potential dilution from the exercise of stock options and restricted stock units and any other potentially dilutive instruments, only in the periods in which such effects are dilutive under the treasury stock method. The following is a reconciliation of the weighted-average shares outstanding and calculation of basic and diluted earnings per share: Three Months Ended September 29, September 30, (millions, except per share data) Net income (loss) $ 122.3 $ (17.7 ) Weighted-average basic shares 288.8 283.2 Dilutive securities: Effect of dilutive securities 3.2 3.5 Weighted-average diluted shares 292.0 286.7 Net income (loss) per share: Basic $ 0.42 $ (0.06 ) Diluted $ 0.42 $ (0.06 ) 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 (loss) 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 (i) are satisfied as of the end of the reporting period or (ii) would be considered satisfied if the end of the reporting period were the end of the related contingency period and the result would be dilutive under the treasury stock method. As of September 29, 2018 and September 30, 2017 , there were 5.3 million and 5.2 million , respectively, of additional shares issuable upon exercise of anti-dilutive options and contingent vesting of performance-based restricted stock unit awards, which were excluded from the diluted share calculations.

Share-based Compensation

Share-based Compensation	3 Months Ended
	Sep. 29, 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 September 29, 2018 (1) September 30, 2017 (1) (millions) Share-based compensation expense $ 22.4 $ 23.3 Income tax benefit related to share-based compensation expense 4.2 7.6 (1) During the three months ended September 29, 2018 and September 30, 2017 , the Company incurred $0.4 million and $2.5 million of share-based compensation expense related to integration, respectively. There was $0.8 million of share-based compensation expense incurred under the Operational Efficiency Plan for the three months ended September 30, 2017 . Stock Options A summary of stock option activity during the three months ended September 29, 2018 is as follows: Number of Options Outstanding (millions) Outstanding at June 30, 2018 12.5 Granted 1.5 Exercised (0.7 ) Forfeited or expired (0.1 ) Outstanding at September 29, 2018 13.2 The weighted-average grant-date fair value of options granted during the three months ended September 29, 2018 and September 30, 2017 was $11.47 and $7.69 , respectively. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model and the following weighted-average assumptions: September 29, September 30, Expected term (years) 5.1 5.2 Expected volatility 28.9 % 28.3 % Risk-free interest rate 2.8 % 1.8 % Dividend yield 2.6 % 3.3 % Service-based Restricted Stock Unit Awards ("RSUs") A summary of service-based RSU activity during the three months ended September 29, 2018 is as follows: Number of Non-vested RSUs (millions) Non-vested at June 30, 2018 3.5 Granted 1.6 Vested (1.3 ) Forfeited — Non-vested at September 29, 2018 3.8 The weighted-average grant-date fair value of share awards granted during the three months ended September 29, 2018 and September 30, 2017 was $51.31 and $41.11 , respectively. Performance-based Restricted Stock Unit Awards ("PRSUs") A summary of PRSU activity during the three months ended September 29, 2018 is as follows: Number of Non-vested PRSUs (millions) Non-vested at June 30, 2018 0.9 Granted 0.2 Change due to performance condition achievement (0.1 ) Vested (0.2 ) Forfeited — Non-vested at September 29, 2018 0.8 The PRSU awards included in the non-vested amount are based on certain Company-specific financial metrics. The effect of the change due to performance condition on the non-vested amount is recognized at the conclusion of the performance period, which may occur before or at the time the award vests. The weighted-average grant-date fair value per share of PRSU awards granted during the three months ended September 29, 2018 and September 30, 2017 was $51.36 and $41.26 , respectively.

Debt

Debt	3 Months Ended
	Sep. 29, 2018
Debt Disclosure [Abstract]
Debt	DEBT The following table summarizes the components of the Company’s outstanding debt: September 29, 2018 June 30, 2018 (millions) Current debt: Capital lease obligations $ 0.7 $ 0.7 Total current debt $ 0.7 $ 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 11.4 Capital lease obligations 6.0 6.0 Total long-term debt 1,617.4 1,617.4 Less: Unamortized discount and debt issuance costs on Senior Notes (16.9 ) (17.5 ) Total long-term debt, net $ 1,600.5 $ 1,599.9 During the three months ended September 29, 2018 and September 30, 2017, the Company recognized interest expense related to its debt of $16.8 million and $24.4 million , respectively. Revolving Credit Facility 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 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”). 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. There were no outstanding borrowings on the Revolving Credit Facility as of September 29, 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 September 29, 2018 and June 30, 2018 , the total fair value of the 2025, 2022 and 2027 Senior Notes was $1.55 billion and $1.56 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. Note Payable As a result of taking operational control of the Kate Spade Joint Ventures, the Company has an outstanding Note Payable of $11.4 million as of September 29, 2018 and June 30, 2018 to the other partner of the Kate Spade Joint Ventures, to be payable in fiscal 2021. Capital Lease Obligations As a result of the Company's sale-leaseback agreement for its office building in North Bergen, NJ, the Company has total capital lease obligations of $0.7 million recorded within Current debt and $6.0 million recorded within Long-term debt on the Company's Condensed Consolidated Balance Sheets as of September 29, 2018 and June 30, 2018 . The remaining lease obligations will be amortized through May 1, 2025.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Sep. 29, 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 September 29, 2018 and June 30, 2018 : Level 1 Level 2 September 29, June 30, September 29, June 30, (millions) Assets: Cash equivalents (1) $ 456.7 $ 592.5 $ 0.4 $ 0.4 Short-term investments : Time deposits (2) — — 0.6 0.6 Commercial paper (2) — — 11.7 — Government securities - U.S. (2) 75.1 — — — Corporate debt securities - U.S. (2) — — 42.9 — Corporate debt securities - non U.S. (2) — — 19.3 — Other — — 8.9 6.0 Derivative Assets : Inventory-related instruments (3) — — 9.2 5.6 Intercompany loan hedges (3) — — 1.6 0.3 Liabilities: Derivative liabilities : Inventory-related instruments (3) — — 2.6 2.3 Intercompany loan hedges (3) — — — 0.1 (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 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) 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. Refer to Note 12, "Debt," for the fair value of the Company's outstanding debt instruments. Non-Financial Assets and Liabilities The Company’s non-financial instruments, which primarily consist of goodwill, intangible assets and property and equipment, are not required to be measured at fair value on a recurring basis and are reported at carrying value. However, on a periodic basis whenever events or changes in circumstances indicate that their carrying value may not be fully recoverable (and at least annually for goodwill and indefinite-lived intangible assets), non-financial instruments are assessed for impairment and, if applicable, written-down to and recorded at fair value, considering market participant assumptions. Refer to Note 7, "Acquisitions," for further discussion of the approaches used in valuing acquired assets and assumed liabilities.

Investments

Investments	3 Months Ended
	Sep. 29, 2018
Investments, Debt and Equity Securities [Abstract]
Investments	INVESTMENTS The following table summarizes the Company’s U.S. dollar-denominated short-term investments, recorded within the Company's Condensed Consolidated Balance Sheets as of September 29, 2018 and June 30, 2018 : September 29, 2018 June 30, 2018 (millions) Available-for-sale investments: Commercial paper (1) $ 11.7 $ — Government securities - U.S. (2) 75.1 — Corporate debt securities - U.S. (2) 42.9 — Corporate debt securities - non-U.S. (2) 19.3 — Available-for-sale investments, total $ 149.0 $ — Other: Time deposits (1) 0.6 0.6 Other 8.9 6.0 Total Investments $ 158.5 $ 6.6 (1) These securities have original maturities greater than three months and are recorded at fair value. (2) These securities as of September 29, 2018 have maturity dates between calendar years 2018 and 2019 and are recorded at fair value. There were no material gross unrealized gains or losses on available-for-sale investments as of the periods ended September 29, 2018 and June 30, 2018 .

Income Taxes

Income Taxes	3 Months Ended
	Sep. 29, 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”) provision, (vi) implementing bonus depreciation that will allow for full expensing of qualified property, (vii) enacting a beneficial rate to be applied against Foreign Derived Intangible Income ("FDII") and (viii) limiting deductibility of interest and executive compensation expense, among other changes. 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 are subject to the BEAT and GILTI provisions, which would increase the Company's effective tax rate, and the FDII provision, which would decrease the effective tax rate. The Company has decided to account for GILTI in the period in which it is incurred and therefore has not provided any deferred tax impacts of GILTI in its consolidated financial statements for the three months ended September 29, 2018. As a result, during the three months ended September 29, 2018, the Company recorded approximately $4 million to Provision for income taxes related to the GILTI and FDII provisions. During fiscal 2018, the Company recorded charges of $178.2 million within its income tax provision in connection with the Tax Legislation, of which $266.0 million related to the mandatory transition tax and $(87.8) million related to the revaluation of the Company's deferred tax assets and liabilities. There were no additional charges recorded in fiscal 2019 related to these items. The Company recorded all of the required income tax effects under the Tax Legislation and provided disclosure pursuant to Accounting Standards Codification ("ASC") 740, Income Taxes, and the SEC Staff Accounting Bulletin ("SAB") 118, using its best estimates based on reasonable and supportable assumptions, available inputs and underlying information. The amounts that were recorded are subject to adjustment as future guidance becomes available, additional facts become known or estimation approaches are refined.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 29, 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 $36.3 million and $35.1 million outstanding at September 29, 2018 and June 30, 2018 , respectively. The agreements, which expire at various dates through calendar 2039, primarily collateralize the Company's obligation to third parties for duty, leases, insurance claims 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 paid approximately $26 million in the first quarter ending September 29, 2018 and expects to pay the remaining $240 million related to the Transition Tax from fiscal 2019 through fiscal 2025. Refer to Note 15, "Income Taxes," for more information related to the impact of the Tax Legislation. Other The Company had other contractual cash obligations as of September 29, 2018 related to debt repayments. Refer to Note 12, "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	3 Months Ended
	Sep. 29, 2018
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION The Company has three reportable segments: • Coach - Includes global sales of Coach brand products to customers through Coach operated stores, including the Internet and concession shop-in-shops, sales to wholesale customers and through independent third party distributors. • Kate Spade - Includes global sales primarily of kate spade new york brand products to customers through Kate Spade operated stores, including the Internet, sales to wholesale customers, through concession shop-in-shops and through independent third party distributors. • Stuart Weitzman - Includes global sales of Stuart Weitzman brand products primarily through Stuart Weitzman operated stores, including the Internet, sales to wholesale customers and through numerous independent third party distributors. Beginning in fiscal 2019, the Company changed its expense reporting to more closely align with the organizational structure and management of the business. Accordingly, certain SG&A expenses that were previously reported within our reportable segments are now reflected in Corporate expense. The costs primarily relate to employee costs within shared functional groups. The following table recasts segment reporting for the three months ended September 30, 2017 . The following table summarizes segment performance for the three months ended September 29, 2018 and September 30, 2017 : Coach Kate Stuart Weitzman Corporate (1) Total (millions) Three Months Ended September 29, 2018 Net sales $ 960.7 $ 325.4 $ 95.1 $ — $ 1,381.2 Gross profit 679.7 207.7 47.7 — 935.1 Operating income (loss) 230.9 44.8 (18.4 ) (99.6 ) 157.7 Income (loss) before provision for income taxes 230.9 44.8 (18.4 ) (112.7 ) 144.6 Depreciation and amortization expense (2) 33.5 12.6 4.2 11.1 61.4 Additions to long-lived assets (3) 17.3 19.7 1.6 16.6 55.2 Three Months Ended September 30, 2017 Net sales $ 923.7 $ 268.8 $ 96.4 $ — $ 1,288.9 Gross profit 632.1 74.8 56.0 — 762.9 Operating income (loss) 208.1 (123.3 ) 8.9 (115.5 ) (21.8 ) Income (loss) before provision for income taxes 208.1 (123.3 ) 8.9 (136.0 ) (42.3 ) Depreciation and amortization expense (2) 38.1 10.4 4.0 13.0 65.5 Additions to long-lived assets (3) 29.1 6.9 0.7 12.2 48.9 (1) Corporate, which is not a reportable segment, represents certain costs that are not directly attributable to a brand. These costs primarily include administration and certain information systems expense. Furthermore, certain integration and acquisition costs as well as costs under the Operational Efficiency Plan as described in Note 5, "Integration and Acquisition Costs," and Note 6, "Restructuring Activities," respectively, are included within Corporate. (2) Depreciation and amortization expense includes $0.4 million of integration and acquisition costs for the three months ended September 29, 2018 . These charges are recorded within the Kate Spade segment. Depreciation and amortization expense for the segments includes an allocation of expense related to assets which support multiple segments. (3) 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	3 Months Ended
	Sep. 29, 2018
Leases [Abstract]
Headquarters Transactions	HEADQUARTERS TRANSACTIONS Sublease Agreement During the first quarter in fiscal 2018, 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 Org_2

Basis of Presentation and Organization (Policies)	3 Months Ended
	Sep. 29, 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 2019 will be a 52-week period. Fiscal 2018 ended on June 30, 2018 and was also a 52-week period. The first quarter of fiscal 2019 ended on September 29, 2018 and the first quarter of fiscal 2018 ended on September 30, 2017 . These were 13-week periods.
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 condensed consolidated 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; 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; accounting for business combinations; the valuation of stock-based compensation awards and related expected forfeiture rates; reserves for restructuring; and reserves for litigation and other contingencies, 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 are 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. Beginning in fiscal 2019, the Company changed its expense reporting to more closely align with the organizational structure and management of the business. Accordingly, certain Selling, general and administrative ("SG&A") expenses that were reported within our reportable segments in fiscal 2018 are now reflected as Corporate expenses. Refer to Note 17, "Segment Information," for further information. In addition, certain prior year costs related to compensation of the supply chain function for Kate Spade have been reclassified to conform to the current year presentation. These costs amounted to $5.4 million for the fiscal year ended June 30, 2018 and have been reclassified from SG&A expenses to Cost of sales within the Company's Condensed Consolidated Statements of Operations.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, " Revenue from Contracts with Customers " ("ASU 2014-09"), 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 supersedes 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 Company adopted ASU 2014-09 beginning in the first quarter of fiscal 2019 utilizing the modified retrospective approach. The cumulative effect of initially applying the new standard did not result in a change to opening retained earnings. Prior year comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. Effects of adoption include balance sheet presentation changes including presentation of estimated returned products and refund liabilities on a gross basis, as well as an increase in deferred revenue related to current year licensing contract activity due to a change in the method of recognizing sales-based royalties. These balance sheet presentation changes resulted in an increase of $6.1 million to Other current assets, a decrease of $5.8 million to Accounts receivable and an increase of $1.8 million to Accrued liabilities. Furthermore, the adoption changed the income statement classification of certain items, primarily related to cooperative advertising allowances and other consideration provided to wholesale customers. The following table compares the reported results in fiscal 2019 under the new standard to the amounts that would have been reported if the standard had not been adopted: Three Months Ended September 29, 2018 (millions) As Reported Impact of Adoption Balances Excluding Adoption Net sales $ 1,381.2 $ (2.2 ) $ 1,383.4 Cost of sales 446.1 0.1 446.0 Gross profit 935.1 (2.3 ) 937.4 Selling, general and administrative expenses 777.4 (0.8 ) 778.2 Operating income (loss) $ 157.7 $ (1.5 ) $ 159.2 For further information regarding revenue from contracts with customers, refer to Note 4, "Revenue." In October 2016, the FASB issued ASU No. 2016-16, "Intra-Entity Transfers of Assets Other Than Inventory" ("ASU 2016-16"). This ASU requires recognition of income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs, rather than when the asset has been sold to a third party. The Company adopted ASU 2016-16 beginning in the first quarter of fiscal 2019 utilizing the modified retrospective approach, which resulted in a cumulative adjustment of $20.2 million to its opening retained earnings balance. Overall, the adoption of ASU 2016-16 did not have a material impact on the Company's consolidated financial statements. Recently Issued Accounting Pronouncements Not Yet Adopted 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. In July 2018, the FASB issued ASU 2018-11, with targeted improvements to the guidance including an additional transition method for the new standard. As a result, the new standard may be applied with a retrospective approach to each prior reporting period with various optional practical expedients, or with the initial application at the adoption with a cumulative-effect adjustment in the opening balance of retained earnings. The Company is currently performing a comprehensive evaluation of the impact of adopting this guidance on its consolidated financial statements and notes thereto, and has not yet determined which transition method will be applied upon adoption. 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 August 2018, the FASB issued ASU No. 2018-13, " Fair Value Measurement (Topic 820) " ("ASU 2018-13"), which is intended to improve the effectiveness of fair value disclosures. The ASU removes or modifies certain disclosure requirements related to fair value information, as well as adds new disclosure requirements for Level 3 fair value measurements. The requirements of the new standard will be effective for annual reporting periods beginning after December 15, 2019, and interim periods within those annual periods, which for the Company is the first quarter of fiscal 2021. Early adoption is permitted. The company is currently in the process of evaluating the impact that adopting ASU 2018-13 will have on its consolidated financial statements and notes thereto, however, does not expect a material impact resulting from this guidance. In August 2018, the FASB issued ASU No. 2018-15, " Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) " ("ASU 2018-15"), which is intended to clarify the accounting for implementation costs of cloud computing arrangements which are deemed to be a service contract rather than a software license. The requirements of the new standard will be effective for annual reporting periods beginning after December 15, 2019, and interim periods within those annual periods, which for the Company is the first quarter of fiscal 2021. Early adoption is permitted. The company is currently in the process of evaluating the impact that adopting ASU 2018-15 will have on its consolidated financial statements and notes thereto.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Tables)	3 Months Ended
	Sep. 29, 2018
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The following table compares the reported results in fiscal 2019 under the new standard to the amounts that would have been reported if the standard had not been adopted: Three Months Ended September 29, 2018 (millions) As Reported Impact of Adoption Balances Excluding Adoption Net sales $ 1,381.2 $ (2.2 ) $ 1,383.4 Cost of sales 446.1 0.1 446.0 Gross profit 935.1 (2.3 ) 937.4 Selling, general and administrative expenses 777.4 (0.8 ) 778.2 Operating income (loss) $ 157.7 $ (1.5 ) $ 159.2

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Sep. 29, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table disaggregates the Company's net sales into geographies that depict how economic factors may impact the revenues and cash flows for the periods presented. Each geography presented includes net sales related to the Company's directly operated channels, global travel retail business and to wholesale customers, including distributors, in locations within the specified geographic area. North America Greater China (1) Other Asia (2) Other (3) Total (millions) Three Months Ended September 29, 2018 Coach $ 544.6 $ 161.1 $ 190.9 $ 64.1 $ 960.7 Kate Spade 257.6 11.2 35.0 21.6 325.4 Stuart Weitzman 48.3 14.9 5.9 26.0 95.1 Total $ 850.5 $ 187.2 $ 231.8 $ 111.7 $ 1,381.2 Three Months Ended September 30, 2017 Coach $ 527.4 $ 158.9 $ 173.4 $ 64.0 $ 923.7 Kate Spade 217.3 0.2 31.4 19.9 268.8 Stuart Weitzman 56.5 9.0 3.1 27.8 96.4 Total $ 801.2 $ 168.1 $ 207.9 $ 111.7 $ 1,288.9 (1) Greater China includes mainland China, Hong Kong, Macau and Taiwan. (2) Other Asia includes Japan, Australia, New Zealand, South Korea, Thailand and other countries within Asia. (3) Other international sales primarily represents sales in Europe, the Middle East and licensing.

Integration and Acquisition C_2

Integration and Acquisition Costs (Tables)	3 Months Ended
	Sep. 29, 2018
Business Combinations [Abstract]
Schedule of Business Acquisitions	A summary of the integration and acquisition charges is as follows: Three Months Ended September 29, 2018 September 30, 2017 (millions) Purchase accounting adjustments (1) $ 2.0 $ 52.0 Acquisition costs (2) — 39.9 Inventory-related charges (3) (1.4 ) 37.6 Contractual payments (4) 7.1 35.9 Organization-related costs (5) 0.3 14.0 Other (6) 11.5 8.1 Total $ 19.5 $ 187.5 (1) Purchase accounting adjustments were primarily related to the short-term impact of the amortization of fair value adjustments. (2) Acquisition costs were primarily related to deal fees associated with the acquisition. (3) Inventory-related charges were primarily related to reserves for the destruction of certain on-hand inventory and non-cancelable inventory purchase commitments related to raw materials. (4) Contractual payments were primarily related to contract termination charges for the three months ended September 29, 2018 and were primarily related to severance and related costs as a result of pre-existing agreements with certain Kate Spade executives which became effective upon the closing of the acquisition for the three months ended September 30, 2017. (5) Organization-related costs were primarily related to severance charges. (6) Other charges were primarily related to professional fees and asset write-offs.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Sep. 29, 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 at Acquisition Date Measurement Period Adjustments Adjusted Fair Value (millions) Cash and cash equivalents $ 71.8 $ — $ 71.8 Trade accounts receivable 62.8 — 62.8 Inventories (1) 310.1 — 310.1 Prepaid expenses and other current assets 33.9 (1.2 ) 32.7 Property and equipment 175.5 — 175.5 Goodwill (2)(3) 916.1 (16.1 ) 900.0 Brand intangible asset (4) 1,300.0 — 1,300.0 Other intangible assets (5) 119.2 — 119.2 Other assets 59.0 11.1 70.1 Total assets acquired 3,048.4 (6.2 ) 3,042.2 Accounts payable and accrued liabilities 233.3 — 233.3 Deferred income taxes (6) 333.0 (7.3 ) 325.7 Other liabilities (7) 84.8 1.1 85.9 Total liabilities assumed 651.1 (6.2 ) 644.9 Total purchase price 2,397.3 — 2,397.3 Less: Cash acquired (71.8 ) — (71.8 ) Total purchase price, net of cash acquired $ 2,325.5 $ — $ 2,325.5 (1) Included a step-up adjustment of $67.5 million , which was amortized over 4 months . (2) The majority of the goodwill balance is not deductible for tax purposes. (3) The Company assigned $324.0 million of goodwill associated with the Kate Spade acquisition to Coach brand reporting units based upon the analysis of expected synergies, including the allocation of corporate synergies to the brands. (4) The brand intangible asset, of which the majority is not deductible for tax purposes, was valued based on the multi-period excess earnings method. (5) The components of other intangible assets included favorable lease rights of $72.2 million (amortized over the remainder of the underlying lease terms), customer relationships of $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 $200.1 million of net deferred tax assets related to Kate Spade historical federal and state net operating losses, net of a $39.3 million valuation allowance, 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. (7) Includes an adjustment for unfavorable lease rights of $49.5 million (amortized over the remainder of the underlying lease terms).

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Sep. 29, 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 June 30, 2018 $ 654.8 $ 627.0 $ 202.5 $ 1,484.3 Foreign exchange impact (3.5 ) (1.4 ) (1.3 ) (6.2 ) Acquisition of goodwill (1) — — 6.9 6.9 Balance at September 29, 2018 $ 651.3 $ 625.6 $ 208.1 $ 1,485.0 (1) Refer to Note 7, "Acquisitions," for further information.
Schedule of Indefinite-Lived Intangible Assets	Intangible assets consist of the following: September 29, 2018 June 30, 2018 Gross Accum. Net Gross Accum. Net (millions) Intangible assets subject to amortization: Customer relationships $ 100.5 $ (19.0 ) $ 81.5 $ 100.5 $ (17.3 ) $ 83.2 Order backlog — — — 2.0 (2.0 ) — Favorable lease rights 97.3 (27.1 ) 70.2 97.3 (24.4 ) 72.9 Total intangible assets subject to amortization 197.8 (46.1 ) 151.7 199.8 (43.7 ) 156.1 Intangible assets not subject to amortization: Trademarks and trade names 1,576.8 — 1,576.8 1,576.8 — 1,576.8 Total intangible assets $ 1,774.6 $ (46.1 ) $ 1,728.5 $ 1,776.6 $ (43.7 ) $ 1,732.9
Schedule of Finite-Lived Intangible Assets	Intangible assets consist of the following: September 29, 2018 June 30, 2018 Gross Accum. Net Gross Accum. Net (millions) Intangible assets subject to amortization: Customer relationships $ 100.5 $ (19.0 ) $ 81.5 $ 100.5 $ (17.3 ) $ 83.2 Order backlog — — — 2.0 (2.0 ) — Favorable lease rights 97.3 (27.1 ) 70.2 97.3 (24.4 ) 72.9 Total intangible assets subject to amortization 197.8 (46.1 ) 151.7 199.8 (43.7 ) 156.1 Intangible assets not subject to amortization: Trademarks and trade names 1,576.8 — 1,576.8 1,576.8 — 1,576.8 Total intangible assets $ 1,774.6 $ (46.1 ) $ 1,728.5 $ 1,776.6 $ (43.7 ) $ 1,732.9
Schedule of Expected Amortization Expense	As of September 29, 2018 , the expected amortization expense for intangible assets is as follows: Amortization Expense (millions) Remainder of fiscal 2019 $ 16.5 Fiscal 2020 19.9 Fiscal 2021 18.4 Fiscal 2022 16.4 Fiscal 2023 15.3 Fiscal 2024 13.3 Fiscal 2025 and thereafter 51.9 Total $ 151.7

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Sep. 29, 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 Retained Earnings / (Accumulated Deficit) Accumulated Other Comprehensive Income (Loss) Total Stockholders' Equity (millions, except per share data) Balance at July 1, 2017 281.9 $ 2.8 $ 2,978.3 $ 107.7 $ (86.9 ) $ 3,001.9 Net loss — — — (17.7 ) — (17.7 ) Other comprehensive income — — — — 5.6 5.6 Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes 2.3 — 17.5 — — 17.5 Share-based compensation — — 23.3 — — 23.3 Additional paid-in-capital as part of purchase consideration — — 5.3 — — 5.3 Dividends declared ($0.3375 per share) — — — (95.9 ) — (95.9 ) Balance at September 30, 2017 284.2 $ 2.8 $ 3,024.4 $ (5.9 ) $ (81.3 ) $ 2,940.0 Balance at June 30, 2018 288.0 $ 2.9 $ 3,205.5 $ 119.0 $ (82.8 ) $ 3,244.6 Net income — — — 122.3 — 122.3 Other comprehensive loss — — — — (5.3 ) (5.3 ) Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes 1.8 — 3.2 — — 3.2 Share-based compensation — — 22.4 — — 22.4 Dividends declared ($0.3375 per share) — — — (97.8 ) — (97.8 ) Cumulative adjustment from adoption of new accounting standard (see Note 3) — — — 20.2 — 20.2 Balance at September 29, 2018 289.8 $ 2.9 $ 3,231.1 $ 163.7 $ (88.1 ) $ 3,309.6
Components of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive income (loss) ("AOCI"), as of the dates indicated, are as follows: Unrealized Gains (Losses) on Cash Flow Hedging Derivatives (1) Unrealized (Losses) Gains on Available- for-Sale Investments Cumulative Translation Adjustment Other (2) Total (millions) Balances at July 1, 2017 $ 3.0 $ (0.4 ) $ (89.1 ) $ (0.4 ) $ (86.9 ) Other comprehensive (loss) income before reclassifications (1.5 ) 0.2 8.5 — 7.2 Less: income reclassified from accumulated other comprehensive income to earnings 1.6 — — — 1.6 Net current-period other comprehensive (loss) income (3.1 ) 0.2 8.5 — 5.6 Balances at September 30, 2017 $ (0.1 ) $ (0.2 ) $ (80.6 ) $ (0.4 ) $ (81.3 ) Balances at June 30, 2018 $ 1.4 $ — $ (85.3 ) $ 1.1 $ (82.8 ) Other comprehensive income (loss) before reclassifications 3.6 — (9.8 ) — (6.2 ) Less: losses reclassified from accumulated other comprehensive income to earnings (0.9 ) — — — (0.9 ) Net current-period other comprehensive income (loss) 4.5 — (9.8 ) — (5.3 ) Balances at September 29, 2018 $ 5.9 $ — $ (95.1 ) $ 1.1 $ (88.1 ) (1) The ending balances of AOCI related to cash flow hedges are net of tax of ($1.6) million and ($1.1) million as of September 29, 2018 and September 30, 2017 , respectively. The amounts reclassified from AOCI are net of tax of $0.3 million and ($1.0) million as of September 29, 2018 and September 30, 2017 , respectively. (2) Other represents the accumulated loss on the Company's minimum pension liability adjustment. The balances at September 29, 2018 and September 30, 2017 are net of tax of $0.6 million and $0.2 million, respectively.

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Sep. 29, 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 September 29, September 30, (millions, except per share data) Net income (loss) $ 122.3 $ (17.7 ) Weighted-average basic shares 288.8 283.2 Dilutive securities: Effect of dilutive securities 3.2 3.5 Weighted-average diluted shares 292.0 286.7 Net income (loss) per share: Basic $ 0.42 $ (0.06 ) Diluted $ 0.42 $ (0.06 )

Share-based Compensation (Table

Share-based Compensation (Tables)	3 Months Ended
	Sep. 29, 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 September 29, 2018 (1) September 30, 2017 (1) (millions) Share-based compensation expense $ 22.4 $ 23.3 Income tax benefit related to share-based compensation expense 4.2 7.6 (1) During the three months ended September 29, 2018 and September 30, 2017 , the Company incurred $0.4 million and $2.5 million of share-based compensation expense related to integration, respectively. There was $0.8 million of share-based compensation expense incurred under the Operational Efficiency Plan for the three months ended September 30, 2017 .
Summary of Stock Option Activity	A summary of stock option activity during the three months ended September 29, 2018 is as follows: Number of Options Outstanding (millions) Outstanding at June 30, 2018 12.5 Granted 1.5 Exercised (0.7 ) Forfeited or expired (0.1 ) Outstanding at September 29, 2018 13.2
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model and the following weighted-average assumptions: September 29, September 30, Expected term (years) 5.1 5.2 Expected volatility 28.9 % 28.3 % Risk-free interest rate 2.8 % 1.8 % Dividend yield 2.6 % 3.3 %
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 three months ended September 29, 2018 is as follows: Number of Non-vested RSUs (millions) Non-vested at June 30, 2018 3.5 Granted 1.6 Vested (1.3 ) Forfeited — Non-vested at September 29, 2018 3.8
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 three months ended September 29, 2018 is as follows: Number of Non-vested PRSUs (millions) Non-vested at June 30, 2018 0.9 Granted 0.2 Change due to performance condition achievement (0.1 ) Vested (0.2 ) Forfeited — Non-vested at September 29, 2018 0.8

Debt (Tables)

Debt (Tables)	3 Months Ended
	Sep. 29, 2018
Debt Disclosure [Abstract]
Summary of the Components of Outstanding Debt	The following table summarizes the components of the Company’s outstanding debt: September 29, 2018 June 30, 2018 (millions) Current debt: Capital lease obligations $ 0.7 $ 0.7 Total current debt $ 0.7 $ 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 11.4 Capital lease obligations 6.0 6.0 Total long-term debt 1,617.4 1,617.4 Less: Unamortized discount and debt issuance costs on Senior Notes (16.9 ) (17.5 ) Total long-term debt, net $ 1,600.5 $ 1,599.9

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Sep. 29, 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 September 29, 2018 and June 30, 2018 : Level 1 Level 2 September 29, June 30, September 29, June 30, (millions) Assets: Cash equivalents (1) $ 456.7 $ 592.5 $ 0.4 $ 0.4 Short-term investments : Time deposits (2) — — 0.6 0.6 Commercial paper (2) — — 11.7 — Government securities - U.S. (2) 75.1 — — — Corporate debt securities - U.S. (2) — — 42.9 — Corporate debt securities - non U.S. (2) — — 19.3 — Other — — 8.9 6.0 Derivative Assets : Inventory-related instruments (3) — — 9.2 5.6 Intercompany loan hedges (3) — — 1.6 0.3 Liabilities: Derivative liabilities : Inventory-related instruments (3) — — 2.6 2.3 Intercompany loan hedges (3) — — — 0.1 (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 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) 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)	3 Months Ended
	Sep. 29, 2018
Investments, Debt and Equity Securities [Abstract]
Summary of Investments	The following table summarizes the Company’s U.S. dollar-denominated short-term investments, recorded within the Company's Condensed Consolidated Balance Sheets as of September 29, 2018 and June 30, 2018 : September 29, 2018 June 30, 2018 (millions) Available-for-sale investments: Commercial paper (1) $ 11.7 $ — Government securities - U.S. (2) 75.1 — Corporate debt securities - U.S. (2) 42.9 — Corporate debt securities - non-U.S. (2) 19.3 — Available-for-sale investments, total $ 149.0 $ — Other: Time deposits (1) 0.6 0.6 Other 8.9 6.0 Total Investments $ 158.5 $ 6.6 (1) These securities have original maturities greater than three months and are recorded at fair value. (2) These securities as of September 29, 2018 have maturity dates between calendar years 2018 and 2019 and are recorded at fair value.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Sep. 29, 2018
Segment Reporting [Abstract]
Summary of Segment Performance	The following table summarizes segment performance for the three months ended September 29, 2018 and September 30, 2017 : Coach Kate Stuart Weitzman Corporate (1) Total (millions) Three Months Ended September 29, 2018 Net sales $ 960.7 $ 325.4 $ 95.1 $ — $ 1,381.2 Gross profit 679.7 207.7 47.7 — 935.1 Operating income (loss) 230.9 44.8 (18.4 ) (99.6 ) 157.7 Income (loss) before provision for income taxes 230.9 44.8 (18.4 ) (112.7 ) 144.6 Depreciation and amortization expense (2) 33.5 12.6 4.2 11.1 61.4 Additions to long-lived assets (3) 17.3 19.7 1.6 16.6 55.2 Three Months Ended September 30, 2017 Net sales $ 923.7 $ 268.8 $ 96.4 $ — $ 1,288.9 Gross profit 632.1 74.8 56.0 — 762.9 Operating income (loss) 208.1 (123.3 ) 8.9 (115.5 ) (21.8 ) Income (loss) before provision for income taxes 208.1 (123.3 ) 8.9 (136.0 ) (42.3 ) Depreciation and amortization expense (2) 38.1 10.4 4.0 13.0 65.5 Additions to long-lived assets (3) 29.1 6.9 0.7 12.2 48.9 (1) Corporate, which is not a reportable segment, represents certain costs that are not directly attributable to a brand. These costs primarily include administration and certain information systems expense. Furthermore, certain integration and acquisition costs as well as costs under the Operational Efficiency Plan as described in Note 5, "Integration and Acquisition Costs," and Note 6, "Restructuring Activities," respectively, are included within Corporate. (2) Depreciation and amortization expense includes $0.4 million of integration and acquisition costs for the three months ended September 29, 2018 . These charges are recorded within the Kate Spade segment. Depreciation and amortization expense for the segments includes an allocation of expense related to assets which support multiple segments. (3) 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 Org_3

Basis of Presentation and Organization (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018
Kate Spade Joint Ventures | Corporate Joint Venture
Business Acquisition [Line Items]
Ownership percentage		50.00%
Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Prior period reclassification adjustment	$ (5.4)
Cost of Sales
Business Acquisition [Line Items]
Prior period reclassification adjustment	$ 5.4

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements (Details) $ in Millions	3 Months Ended
	Sep. 29, 2018USD ($)
Accounting Standards Update 2016-16
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative adjustment from adoption of new accounting standard	$ 20.2
Cumulative effect on retained earnings	20.2
Other current assets | Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative adjustment from adoption of new accounting standard	6.1
Accounts receivable | Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative adjustment from adoption of new accounting standard	5.8
Accured liabilities | Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative adjustment from adoption of new accounting standard	$ 1.8

Recent Accounting Pronounceme_4

Recent Accounting Pronouncements - New Accounting Adoption Effect (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	$ 1,381.2	$ 1,288.9
Cost of sales	446.1	526
Gross profit	935.1	762.9
Selling, general and administrative expenses	777.4	784.7
Operating income (loss)	157.7	$ (21.8)
Accounting Standards Update 2014-09 | Impact of Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	(2.2)
Cost of sales	0.1
Gross profit	(2.3)
Selling, general and administrative expenses	(0.8)
Operating income (loss)	(1.5)
Accounting Standards Update 2014-09 | Balances Excluding Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	1,383.4
Cost of sales	446
Gross profit	937.4
Selling, general and administrative expenses	778.2
Operating income (loss)	$ 159.2

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Jun. 30, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue	$ 31.2	$ 29.1
Deferred revenue, revenue recognized	$ (3)
Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Payment terms	30 days
Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Payment terms	90 days
Licensing business | Net sales
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage of revenue	1.00%

Revenue - Disaggregated Sales

Revenue - Disaggregated Sales (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Disaggregation of Revenue [Line Items]
Revenues	$ 1,381.2	$ 1,288.9
North America
Disaggregation of Revenue [Line Items]
Revenues	850.5	801.2
Greater China
Disaggregation of Revenue [Line Items]
Revenues	187.2	168.1
Other Asia
Disaggregation of Revenue [Line Items]
Revenues	231.8	207.9
Other
Disaggregation of Revenue [Line Items]
Revenues	111.7	111.7
Coach
Disaggregation of Revenue [Line Items]
Revenues	960.7	923.7
Coach | North America
Disaggregation of Revenue [Line Items]
Revenues	544.6	527.4
Coach | Greater China
Disaggregation of Revenue [Line Items]
Revenues	161.1	158.9
Coach | Other Asia
Disaggregation of Revenue [Line Items]
Revenues	190.9	173.4
Coach | Other
Disaggregation of Revenue [Line Items]
Revenues	64.1	64
Kate Spade
Disaggregation of Revenue [Line Items]
Revenues	325.4	268.8
Kate Spade | North America
Disaggregation of Revenue [Line Items]
Revenues	257.6	217.3
Kate Spade | Greater China
Disaggregation of Revenue [Line Items]
Revenues	11.2	0.2
Kate Spade | Other Asia
Disaggregation of Revenue [Line Items]
Revenues	35	31.4
Kate Spade | Other
Disaggregation of Revenue [Line Items]
Revenues	21.6	19.9
Stuart Weitzman
Disaggregation of Revenue [Line Items]
Revenues	95.1	96.4
Stuart Weitzman | North America
Disaggregation of Revenue [Line Items]
Revenues	48.3	56.5
Stuart Weitzman | Greater China
Disaggregation of Revenue [Line Items]
Revenues	14.9	9
Stuart Weitzman | Other Asia
Disaggregation of Revenue [Line Items]
Revenues	5.9	3.1
Stuart Weitzman | Other
Disaggregation of Revenue [Line Items]
Revenues	$ 26	$ 27.8

Integration and Acquisition C_3

Integration and Acquisition Costs (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Business Acquisition [Line Items]
Integration and acquisition costs	$ (19.5)	$ (187.5)
Restructuring costs		187.5
Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs		(99.1)
Non-cash charges related to inventory, organization costs and asset write-off
Business Acquisition [Line Items]
Integration and acquisition costs		(94.6)
Kate Spade | Cost of Sales
Business Acquisition [Line Items]
Integration and acquisition costs		(88.4)
Kate Spade | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs		(67.8)
Stuart Weitzman | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs		(0.9)
Corporate | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs		$ (30.4)
Kate Spade
Business Acquisition [Line Items]
Integration and acquisition costs	(19.5)
Expected integration costs	40
Kate Spade | Cost of Sales
Business Acquisition [Line Items]
Integration and acquisition costs	(0.6)
Kate Spade | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs	(18.9)
Kate Spade | Non-cash charges related to inventory, organization costs and asset write-off
Business Acquisition [Line Items]
Restructuring costs	1.4
Kate Spade | Kate Spade | Cost of Sales
Business Acquisition [Line Items]
Integration and acquisition costs	1.4
Kate Spade | Kate Spade | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs	(3.4)
Kate Spade | Stuart Weitzman | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs	(11.5)
Kate Spade | Coach | Cost of Sales
Business Acquisition [Line Items]
Integration and acquisition costs	(2)
Kate Spade | Corporate | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Integration and acquisition costs	(4)
Minimum | Kate Spade
Business Acquisition [Line Items]
Integration costs expected to be settled without cash	5
Maximum | Kate Spade
Business Acquisition [Line Items]
Integration costs expected to be settled without cash	$ 10

Integration and Acquisition C_4

Integration and Acquisition Costs (Liabilities Related to Integration and Acquisition of Kate Spade) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Business Acquisition [Line Items]
Integration and acquisition costs	$ 19.5	$ 187.5
Purchase accounting adjustments
Business Acquisition [Line Items]
Integration and acquisition costs	2	52
Acquisition costs
Business Acquisition [Line Items]
Integration and acquisition costs	0	39.9
Inventory-related charges
Business Acquisition [Line Items]
Integration and acquisition costs	(1.4)	37.6
Contractual payments
Business Acquisition [Line Items]
Integration and acquisition costs	7.1	35.9
Organizational-related costs
Business Acquisition [Line Items]
Integration and acquisition costs	0.3	14
Other integration charges
Business Acquisition [Line Items]
Integration and acquisition costs	$ 11.5	$ 8.1

Restructuring Activities (Narra

Restructuring Activities (Narrative) (Details) - USD ($)	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Jun. 30, 2018
Restructuring Cost and Reserve [Line Items]
Integration and restructuring activities	$ 1,400,000	$ 94,600,000
Accured liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring liability			$ 1,400,000
Operational Efficiency Plan
Restructuring Cost and Reserve [Line Items]
Restructuring liability	0
Operational Efficiency Plan | SG&A expenses
Restructuring Cost and Reserve [Line Items]
Integration and restructuring activities		$ 3,100,000
Cost incurred to date	$ 87,400,000

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) $ / shares in Units, $ in Millions	Jul. 11, 2017USD ($)$ / shares	Sep. 29, 2018USD ($)acquisition	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)acquisition	Sep. 30, 2017USD ($)	Sep. 29, 2018USD ($)
Business Acquisition [Line Items]
Total purchase price, net of cash acquired		$ 15.7			$ 2,320.2
Distributor Acquisitions
Business Acquisition [Line Items]
Number of businesses acquired | acquisition		2
Consideration transferred, cash		$ 18
Payments to acquire business, gross		15.7
Assets acquired		11.1				$ 11.1
Kate Spade
Business Acquisition [Line Items]
Payments to acquire business, gross	$ 2,390
Assets acquired	3,048.4	3,042.2				3,042.2
Goodwill, not expected tax deductible amount	916.1	900				900
Purchase price	2,400
Total purchase price, net of cash acquired	$ 2,320
Business acquisition, share price (USD per share) | $ / shares	$ 18.50
Equity interests issuable	$ 5.3
Inventory step-up adjustment	$ 67.5
Inventory step-up adjustment, amortization period	4 months
Deferred tax asset	$ 200.1
Deferred tax assets, waluation allowance	39.3
Off-market lease, unfavorable	49.5
Measurement period adjustment						(16.1)
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]
Number of businesses acquired | acquisition				3
Consideration transferred, cash				$ 106.9
Payments to acquire business, gross				61.5
Assets acquired				50
Goodwill, not expected tax deductible amount				103.7
Purchase price				153.7
Total purchase price, net of cash acquired				$ 55.6
Corporate Joint Venture | Kate Spade Joint Ventures
Business Acquisition [Line Items]
Ownership percentage				50.00%
Stuart Weitzman | Distributor Acquisitions
Business Acquisition [Line Items]
Goodwill, not expected tax deductible amount		$ 6.9				$ 6.9
Stuart Weitzman | Distributor Acquisitions and Kate Spade Joint Ventures
Business Acquisition [Line Items]
Goodwill, not expected tax deductible amount				$ 49.3
Measurement period adjustment			$ 0.5
Kate Spade | Distributor Acquisitions and Kate Spade Joint Ventures
Business Acquisition [Line Items]
Goodwill, not expected tax deductible amount				52.8
Measurement period adjustment			$ 2.3
Coach | Kate Spade
Business Acquisition [Line Items]
Goodwill, not expected tax deductible amount	$ 324
Coach | Distributor Acquisitions and Kate Spade Joint Ventures
Business Acquisition [Line Items]
Goodwill, not expected tax deductible amount				$ 1.6

Acquisitions (Assets Acquired a

Acquisitions (Assets Acquired and Liabilities Assumed) (Details) - Kate Spade - USD ($) $ in Millions	Jul. 11, 2017	Sep. 29, 2018
Business Acquisition [Line Items]
Cash and cash equivalents	$ 71.8	$ 71.8
Trade accounts receivable	62.8	62.8
Inventories	310.1	310.1
Prepaid expenses and other current assets	33.9	32.7
Prepaid expenses and other current assets, adjustment		(1.2)
Property and equipment	175.5	175.5
Goodwill	916.1	900
Goodwill, adjustment		(16.1)
Brand intangible asset	1,300	1,300
Other liabilities asset	119.2	119.2
Other assets	59	70.1
Other assets, adjustment		11.1
Total assets acquired	3,048.4	3,042.2
Total assets acquired, adjustment		(6.2)
Accounts payable and accrued liabilities	233.3	233.3
Deferred income taxes	333	325.7
Deferred income taxes, adjustment		(7.3)
Other liabilities	84.8	85.9
Other liabilities, adjustment		1.1
Total liabilities assumed	651.1	644.9
Total liabilities assumed, adjustment		(6.2)
Total purchase price	2,397.3	2,397.3
Less: Cash acquired	(71.8)	(71.8)
Total purchase price, net of cash acquired	$ 2,325.5	$ 2,325.5

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Change in Carrying Value of Goodwill) (Details) $ in Millions	3 Months Ended
	Sep. 29, 2018USD ($)
Goodwill [Roll Forward]
Beginning Balance	$ 1,484.3
Foreign exchange impact	(6.2)
Goodwill acquired during period	6.9
Ending Balance	1,485
Coach
Goodwill [Roll Forward]
Beginning Balance	654.8
Foreign exchange impact	(3.5)
Goodwill acquired during period	0
Ending Balance	651.3
Kate Spade
Goodwill [Roll Forward]
Beginning Balance	627
Foreign exchange impact	(1.4)
Goodwill acquired during period	0
Ending Balance	625.6
Stuart Weitzman
Goodwill [Roll Forward]
Beginning Balance	202.5
Foreign exchange impact	(1.3)
Goodwill acquired during period	6.9
Ending Balance	$ 208.1

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Indefinite and Finite Lived Assets) (Details) - USD ($) $ in Millions	Sep. 29, 2018	Jun. 30, 2018
Intangible assets subject to amortization:
Gross Carrying Amount	$ 197.8	$ 199.8
Accumulated amortization	(46.1)	(43.7)
Total	151.7	156.1
Intangible assets not subject to amortization:
Intangible assets, gross (excluding goodwill)	1,774.6	1,776.6
Intangible assets, net (excluding goodwill)	1,728.5	1,732.9
Trademarks and trade names
Intangible assets not subject to amortization:
Indefinite-lived intangible assets (excluding goodwill)	1,576.8	1,576.8
Customer relationships
Intangible assets subject to amortization:
Gross Carrying Amount	100.5	100.5
Accumulated amortization	(19)	(17.3)
Total	81.5	83.2
Order backlog
Intangible assets subject to amortization:
Gross Carrying Amount	0	2
Accumulated amortization	0	(2)
Total	0	0
Favorable lease rights
Intangible assets subject to amortization:
Gross Carrying Amount	97.3	97.3
Accumulated amortization	(27.1)	(24.4)
Total	$ 70.2	$ 72.9

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Future Amortization Expense) (Details) - USD ($) $ in Millions	Sep. 29, 2018	Jun. 30, 2018
Expected Amortization Expense For Intangible Assets
Remainder of fiscal 2019	$ 16.5
Fiscal 2,020	19.9
Fiscal 2,021	18.4
Fiscal 2,022	16.4
Fiscal 2,023	15.3
Fiscal 2,024	13.3
Fiscal 2025 and thereafter	51.9
Total	$ 151.7	$ 156.1

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Narrative) (Details)	3 Months Ended
	Sep. 29, 2018
Customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	11 years 7 months
Customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	13 years 9 months 18 days
Favorable lease rights | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	4 months
Favorable lease rights | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life	16 years 6 months

Stockholders' Equity (Schedule

Stockholders' Equity (Schedule of Stockholders' Equity) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (shares)	288
Beginning balance	$ 3,244.6	$ 3,001.9
Net loss	122.3	(17.7)
Other comprehensive (loss) income	(5.3)	5.6
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes	3.2	17.5
Share-based compensation	22.4	23.3
Additional paid-in-capital as part of purchase consideration		5.3
Dividends declared	$ (97.8)	(95.9)
Ending balance (shares)	289.8
Ending balance	$ 3,309.6	$ 2,940
Cash dividends declared per common share (USD per share)	$ 0.3375	$ 0.3375
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (shares)	288	281.9
Beginning balance	$ 2.9	$ 2.8
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes (shares)	1.8	2.3
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes	$ 0
Ending balance (shares)	289.8	284.2
Ending balance	$ 2.9	$ 2.8
Additional Paid-in- Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	3,205.5	2,978.3
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes	3.2	17.5
Share-based compensation	22.4	23.3
Additional paid-in-capital as part of purchase consideration		5.3
Ending balance	3,231.1	3,024.4
Retained Earnings / (Accumulated Deficit)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	119	107.7
Net loss	122.3	(17.7)
Dividends declared	(97.8)	(95.9)
Ending balance	163.7	(5.9)
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(82.8)	(86.9)
Other comprehensive (loss) income	(5.3)	5.6
Ending balance	(88.1)	$ (81.3)
Accounting Standards Update 2016-16
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative adjustment from adoption of new accounting standard	20.2
Accounting Standards Update 2016-16 | Retained Earnings / (Accumulated Deficit)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative adjustment from adoption of new accounting standard	$ 20.2

Stockholders' Equity (AOCI) (De

Stockholders' Equity (AOCI) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Rollforward]
Beginning balance	$ 3,244.6	$ 3,001.9
Other comprehensive income (loss) before reclassifications	(6.2)	7.2
Less: income (loss) reclassified from accumulated other comprehensive income to earnings	(0.9)	1.6
Net current-period other comprehensive income (loss)	(5.3)	5.6
Ending balance	3,309.6	2,940
Amounts reclassified from AOCI, tax	0.3	(1)
Unrealized (Losses) Gains on Cash Flow Hedging Derivatives
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Rollforward]
Beginning balance	1.4	3
Other comprehensive income (loss) before reclassifications	3.6	(1.5)
Less: income (loss) reclassified from accumulated other comprehensive income to earnings	(0.9)	1.6
Net current-period other comprehensive income (loss)	4.5	(3.1)
Ending balance	5.9	(0.1)
AOCI related to cash flow hedges, accumulated tax	(1.6)	(1.1)
Unrealized (Losses) Gains on Available- for-Sale Investments
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Rollforward]
Beginning balance	0	(0.4)
Other comprehensive income (loss) before reclassifications	0	0.2
Less: income (loss) reclassified from accumulated other comprehensive income to earnings	0	0
Net current-period other comprehensive income (loss)	0	0.2
Ending balance	0	(0.2)
Cumulative Translation Adjustment
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Rollforward]
Beginning balance	(85.3)	(89.1)
Other comprehensive income (loss) before reclassifications	(9.8)	8.5
Less: income (loss) reclassified from accumulated other comprehensive income to earnings	0	0
Net current-period other comprehensive income (loss)	(9.8)	8.5
Ending balance	(95.1)	(80.6)
Other
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Rollforward]
Beginning balance	1.1	(0.4)
Other comprehensive income (loss) before reclassifications	0	0
Less: income (loss) reclassified from accumulated other comprehensive income to earnings	0	0
Net current-period other comprehensive income (loss)	0	0
Ending balance	1.1	(0.4)
AOCI related to cash flow hedges, accumulated tax	0.6	0.2
Total
Accumulated Other Comprehensive (Loss) Income, Net of Tax [Rollforward]
Beginning balance	(82.8)	(86.9)
Ending balance	$ (88.1)	$ (81.3)

Earnings per Share (Reconciliat

Earnings per Share (Reconciliation of Weighted Average Shares Outstanding and Calculation of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Net income (loss)	$ 122.3	$ (17.7)
Weighted-average basic shares (shares)	288.8	283.2
Effect of dilutive securities (shares)	3.2	3.5
Weighted-average diluted shares (shares)	292	286.7
Net income (loss) per share:
Basic (USD per share)	$ 0.42	$ (0.06)
Diluted (USD per share)	$ 0.42	$ (0.06)

Earnings Per Share (Anti-Diluti

Earnings Per Share (Anti-Dilutive Impact on Diluted Earnings per Share) (Details) - shares shares in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Shares excluded from diluted share calculations (shares)	5.3	5.2

Share-based Compensation (Total

Share-based Compensation (Total Compensation Cost and Related Tax Benefits) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Restructuring Cost and Reserve [Line Items]
Share-based compensation expense	$ 22.4	$ 23.3
Income tax benefit related to share-based compensation expense	4.2	7.6
Integration
Restructuring Cost and Reserve [Line Items]
Share-based compensation expense	$ 0.4	2.5
Operational Efficiency Plan
Restructuring Cost and Reserve [Line Items]
Share-based compensation expense		$ 0.8

Share-based Compensation (Summa

Share-based Compensation (Summary of Option Activity) (Details) - Stock Options shares in Millions	3 Months Ended
	Sep. 29, 2018shares
Number of Options Outstanding
Beginning balance (shares)	12.5
Granted (shares)	1.5
Exercised (shares)	(0.7)
Forfeited or expired (shares)	(0.1)
Ending balance (shares)	13.2

Share-based Compensation (Narra

Share-based Compensation (Narrative) (Details) - $ / shares	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Stock Options
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Weighted-average grant-date fair value of awards granted (USD per share)	$ 11.47	$ 7.69
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)	51.31	41.11
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)	$ 51.36	$ 41.26

Share-based Compensation Share-

Share-based Compensation Share-based Compensation (Weighted-average Assumptions) (Details) - Stock Options	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)	5 years 1 month 6 days	5 years 2 months 12 days
Expected volatility	28.90%	28.30%
Risk-free interest rate	2.80%	1.80%
Dividend yield	2.60%	3.30%

Share-based Compensation (Sum_2

Share-based Compensation (Summary of Non-vested Service-Based Restricted Stock Unit Activity) (Details) - Service-based Restricted Stock Unit Awards (RSU) shares in Millions	3 Months Ended
	Sep. 29, 2018shares
Number of Non-vested RSUs
Beginning balance (shares)	3.5
Granted (shares)	1.6
Vested (shares)	(1.3)
Forfeited (shares)	0
Ending balance (shares)	3.8

Share-based Compensation (Sum_3

Share-based Compensation (Summary of Non-vested Performance-based Restricted Stock Unit) (Details) - Performance-based Restricted Stock Unit Awards (PRSU) shares in Millions	3 Months Ended
	Sep. 29, 2018shares
Number of Non-vested PRSUs
Beginning balance (shares)	0.9
Granted (shares)	0.2
Change due to performance condition achievement (shares)	(0.1)
Vested (shares)	(0.2)
Forfeited, less than (shares)	0
Ending balance (shares)	0.8

Debt (Summary of Debt) (Details

Debt (Summary of Debt) (Details) - USD ($) $ in Millions	Sep. 29, 2018	Jun. 30, 2018	Jun. 20, 2017	Mar. 02, 2015
Current debt:
Current debt	$ 0.7	$ 0.7
Long-term debt:
Long-term debt	1,617.4	1,617.4
Less: Unamortized discount and debt issuance costs on Senior Notes	(16.9)	(17.5)
Total long-term debt, net	1,600.5	1,599.9
Capital Lease Obligations
Current debt:
Current debt	0.7	0.7
Long-term debt:
Long-term debt	6	6
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	$ 11.4

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	Jun. 20, 2017	May 30, 2017	Mar. 02, 2015	Sep. 29, 2018	Sep. 30, 2017	Jun. 30, 2018
Debt Instrument [Line Items]
Interest expense				$ 16,800,000	$ 24,400,000
Long-term debt				1,600,500,000		$ 1,599,900,000
Debt, Current
Debt Instrument [Line Items]
Capital lease obligations				700,000		700,000
Long-term Debt
Debt Instrument [Line Items]
Capital lease obligations				6,000,000		6,000,000
Revolving Facility | Revolving Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 900,000,000
Long-term debt				$ 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%
Senior Notes | Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Long-term debt, fair value				$ 1,550,000,000		1,560,000,000
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%
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%
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%
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%
Corporate Joint Venture | Kate Spade Joint Ventures
Debt Instrument [Line Items]
Notes payable				$ 11,400,000		$ 11,400,000

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Measurements of Assets and Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Jun. 30, 2018
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	$ 456.7	$ 592.5
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	75.1	0
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 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0.4	0.4
Level 2 | Inventory-related hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	9.2	5.6
Derivative liability	2.6	2.3
Level 2 | Intercompany loan hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1.6	0.3
Derivative liability	0	0.1
Level 2 | Short-term Investments | Time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0.6	0.6
Level 2 | Short-term Investments | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	11.7	0
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	42.9	0
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	19.3	0
Level 2 | Short-term Investments | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	$ 8.9	$ 6

Investments (Summary of Investm

Investments (Summary of Investments) (Details) - USD ($) $ in Millions	Sep. 29, 2018	Jun. 30, 2018
Schedule of Investments [Line Items]
Short-term investments	$ 158.5	$ 6.6
Available-for-sale Investments
Schedule of Investments [Line Items]
Short-term investments	149	0
Available-for-sale Investments | Commercial paper
Schedule of Investments [Line Items]
Short-term investments	11.7	0
Available-for-sale Investments | Government securities - U.S.
Schedule of Investments [Line Items]
Short-term investments	75.1	0
Available-for-sale Investments | Corporate debt securities - U.S.
Schedule of Investments [Line Items]
Short-term investments	42.9	0
Available-for-sale Investments | Corporate debt securities - non U.S.
Schedule of Investments [Line Items]
Short-term investments	19.3	0
Other | Time deposits
Schedule of Investments [Line Items]
Short-term investments	0.6	0.6
Other | Other
Schedule of Investments [Line Items]
Short-term investments	$ 8.9	$ 6

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($)	3 Months Ended
	Sep. 29, 2018	Jun. 30, 2018
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	3 Months Ended	12 Months Ended
	Sep. 29, 2018	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 4
Impact of tax legislation		$ 178.2
Transition tax		266
Re-measurement of deferred taxes		$ (87.8)

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 29, 2018	Jun. 29, 2019	Jun. 30, 2018
Commitments And Contingencies Disclosure [Line Items]
Standby letters of credit and bank guarantees	$ 36.3		$ 35.1
Income tax expense (benefit)	$ 26
Transition tax			$ 266
Scenario, Forecast
Commitments And Contingencies Disclosure [Line Items]
Transition tax		$ 240

Segment Information (Narrative)

Segment Information (Narrative) (Details)	3 Months Ended
	Sep. 29, 2018segment
Segment Reporting [Abstract]
Reportable segments	3

Segment Information (Summary of

Segment Information (Summary of Segment Information) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Net sales	$ 1,381.2	$ 1,288.9
Gross profit	935.1	762.9
Operating income (loss)	157.7	(21.8)
Income (loss) before provision for income taxes	144.6	(42.3)
Depreciation and amortization expense	61.4	65.5
Additions to long-lived assets	55.2	48.9
Depreciation and amortization expense	0.4
Corporate
Segment Reporting Information [Line Items]
Net sales	0	0
Gross profit	0	0
Operating income (loss)	(99.6)	(115.5)
Income (loss) before provision for income taxes	(112.7)	(136)
Depreciation and amortization expense	11.1	13
Additions to long-lived assets	16.6	12.2
Coach | Operating Segments
Segment Reporting Information [Line Items]
Net sales	960.7	923.7
Gross profit	679.7	632.1
Operating income (loss)	230.9	208.1
Income (loss) before provision for income taxes	230.9	208.1
Depreciation and amortization expense	33.5	38.1
Additions to long-lived assets	17.3	29.1
Kate Spade | Operating Segments
Segment Reporting Information [Line Items]
Net sales	325.4	268.8
Gross profit	207.7	74.8
Operating income (loss)	44.8	(123.3)
Income (loss) before provision for income taxes	44.8	(123.3)
Depreciation and amortization expense	12.6	10.4
Additions to long-lived assets	19.7	6.9
Stuart Weitzman | Operating Segments
Segment Reporting Information [Line Items]
Net sales	95.1	96.4
Gross profit	47.7	56
Operating income (loss)	(18.4)	8.9
Income (loss) before provision for income taxes	(18.4)	8.9
Depreciation and amortization expense	4.2	4
Additions to long-lived assets	$ 1.6	$ 0.7

Headquarters Transactions (Deta

Headquarters Transactions (Details) - Office Building - The Guardian Life Insurance Company of America $ in Millions	Sep. 13, 2017USD ($)$ / ft²	Jun. 30, 2019USD ($)	Jun. 29, 2036USD ($)	Sep. 30, 2017ft²
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
Scenario, Forecast
Sale Leaseback Transaction [Line Items]
Rent expense, sublease rentals per month		$ 0.8
Minimum | Scenario, Forecast
Sale Leaseback Transaction [Line Items]
Rent expense, sublease rentals per month			$ 1.1
Maximum | Scenario, Forecast
Sale Leaseback Transaction [Line Items]
Rent expense, sublease rentals per month			$ 1.3