Capri Holdings Limited (CPRI) 10-Q 7 Nov 18 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Sep. 29, 2018	Oct. 31, 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	Q2
Entity Registrant Name	MICHAEL KORS HOLDINGS LTD
Entity Central Index Key	1,530,721
Current Fiscal Year End Date	--03-30
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		150,232,617

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 29, 2018	Mar. 31, 2018
Current assets
Cash and cash equivalents	$ 155.2	$ 163.1
Receivables, net	339.9	290.5
Inventories	767.6	660.7
Prepaid expenses and other current assets	211.4	147.8
Total current assets	1,474.1	1,262.1
Property and equipment, net	552	583.2
Intangible assets, net	1,158.6	1,235.7
Goodwill	796.9	847.7
Deferred tax assets	47.1	56.2
Other assets	78.6	74.1
Total assets	4,107.3	4,059
Current liabilities
Accounts payable	290.5	294.1
Accrued payroll and payroll related expenses	82.7	93
Accrued income taxes	23.9	77.6
Short-term debt	255	200
Accrued expenses and other current liabilities	345.8	295.6
Total current liabilities	997.9	960.3
Deferred rent	133.5	128.4
Deferred tax liabilities	181.5	186.3
Long-term debt	504.6	674.4
Other long-term liabilities	106.5	88.1
Total liabilities	1,924	2,037.5
Commitments and contingencies
Shareholders’ equity
Ordinary shares, no par value; 650,000,000 shares authorized; 213,208,924 shares issued and 150,150,297 outstanding at September 29, 2018; 210,991,091 shares issued and 149,698,407 outstanding at March 31, 2018	0	0
Treasury shares, at cost (63,058,627 shares at September 29, 2018 and 61,292,684 shares at March 31, 2018)	(3,123)	(3,015.9)
Additional paid-in capital	877.9	831.1
Accumulated other comprehensive (loss) income	(62.9)	50.5
Retained earnings	4,487.7	4,152
Total shareholders’ equity of MKHL	2,179.7	2,017.7
Noncontrolling interest	3.6	3.8
Total shareholders’ equity	2,183.3	2,021.5
Total liabilities and shareholders’ equity	$ 4,107.3	$ 4,059

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 29, 2018	Mar. 31, 2018
Statement of Financial Position [Abstract]
Ordinary shares, par value (in dollars per share)	$ 0	$ 0
Ordinary shares, shares authorized (in shares)	650,000,000	650,000,000
Ordinary shares, shares issued (in shares)	213,208,924	210,991,091
Ordinary shares, shares outstanding (in shares)	150,150,297	149,698,407
Treasury shares (in shares)	63,058,627	61,292,684

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Income Statement [Abstract]
Total revenue		$ 1,253.8	$ 1,146.6	$ 2,456.3	$ 2,099
Cost of goods sold		490.7	455.8	942.4	833.5
Gross profit		763.1	690.8	1,513.9	1,265.5
Selling, general and administrative expenses		495.8	405.1	959.9	781.5
Depreciation and amortization		52.7	48.3	108.6	95.9
Impairment of long-lived assets		7	16.3	11.3	16.3
Restructuring charges and other charges	[1]	18.2	22	29.5	23.3
Total operating expenses		573.7	491.7	1,109.3	917
Income from operations		189.4	199.1	404.6	348.5
Other income, net		(1.5)	(0.3)	(2.3)	(0.9)
Interest expense, net		5.9	0.8	13.4	1.9
Foreign currency loss (gain)		33	(40.5)	35.9	(41.7)
Income before provision for income taxes		152	239.1	357.6	389.2
Provision for income taxes		14.9	36.4	34.3	61
Net income		137.1	202.7	323.3	328.2
Less: Net loss attributable to noncontrolling interest		(0.5)	(0.2)	(0.7)	(0.2)
Net income attributable to MKHL		$ 137.6	$ 202.9	$ 324	$ 328.4
Weighted average ordinary shares outstanding:
Weighted average ordinary shares outstanding, basic (in shares)		149,575,112	151,781,340	149,538,607	153,134,119
Weighted average ordinary shares outstanding, diluted (in shares)		151,705,685	154,168,094	152,052,671	155,519,806
Net income per ordinary share attributable to MKHL:
Net income per ordinary share, basic (in dollars per share)		$ 0.92	$ 1.34	$ 2.17	$ 2.14
Net income per ordinary share, diluted (in dollars per share)		$ 0.91	$ 1.32	$ 2.13	$ 2.11
Statements of Comprehensive Income:
Net income		$ 137.1	$ 202.7	$ 323.3	$ 328.2
Foreign currency translation adjustments		(25.2)	15	(128.2)	37.1
Net gain (loss) on derivatives		2.7	(6.4)	14.7	(16.1)
Comprehensive income		114.6	211.3	209.8	349.2
Less: Net loss attributable to noncontrolling interest		(0.5)	(0.2)	(0.7)	(0.2)
Less: Other comprehensive loss attributable to noncontrolling interest		(0.1)	0	(0.1)	0
Comprehensive income attributable to MKHL		$ 115.2	$ 211.5	$ 210.6	$ 349.4
[1]	Restructuring and other charges includes store closure costs recorded in connection with the Retail Fleet Optimization Plan and other restructuring initiatives, transition costs recorded in connection with the acquisition of Jimmy Choo Group Limited and transaction and transition costs recorded in connection with the Company’s agreement to acquire Gianni Versace S.p.A. (see Note 1, Note 4 and Note 9).

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - USD ($) $ in Millions	Total	Ordinary Shares	Additional Paid-in Capital	Treasury Shares	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Total Equity of MKHL	Non-controlling Interests
Beginning balance at Apr. 01, 2017					$ (80.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 328.2
Other comprehensive loss					21
Comprehensive income	349.2
Ending balance at Sep. 30, 2017					(59.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of accounting standards	11.7					$ 11.7	$ 11.7
Balance as of April 1, 2018	$ 2,033.2		$ 831.1	$ (3,015.9)	50.5	4,163.7	2,029.4	$ 3.8
Beginning balance (in shares) at Mar. 31, 2018	210,991,091	210,991,000
Beginning balance (in shares) at Mar. 31, 2018	(61,292,684)			(61,293,000)
Beginning balance at Mar. 31, 2018	$ 2,021.5	$ 0	831.1	$ (3,015.9)	50.5	4,152	2,017.7	3.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	323.3					324	324	(0.7)
Other comprehensive loss	(113.5)				(113.4)		(113.4)	(0.1)
Comprehensive income	209.8						210.6	(0.8)
Vesting of restricted awards, net of forfeitures (in shares)		697,000
Exercises of employee share options (in shares)		1,521,000
Exercise of employee share options	20.4		20.4				20.4
Equity compensation expense	26.4		26.4				26.4
Purchase of treasury shares (in shares)				(1,766,000)
Purchase of treasury shares	(107.1)			$ (107.1)			(107.1)
Increase in noncontrolling interest	$ 0.6							0.6
Ending balance (in shares) at Sep. 29, 2018	213,208,924	213,209,000
Ending balance (in shares) at Sep. 29, 2018	(63,058,627)			(63,059,000)
Ending balance at Sep. 29, 2018	$ 2,183.3	$ 0	$ 877.9	$ (3,123)	$ (62.9)	$ 4,487.7	$ 2,179.7	$ 3.6

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Cash flows from operating activities
Net income	$ 323.3	$ 328.2
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	108.6	95.9
Equity compensation expense	26.4	21.1
Deferred income taxes	12.8	5.6
Impairment of long-lived assets	11.3	16.3
Tax (benefit) deficit on exercise of share options	(23)	0.1
Amortization of deferred financing costs	1.6	0.5
Foreign currency losses (gains)	5.5	(5)
Other non-cash charges	2.9	2.2
Change in assets and liabilities:
Receivables, net	(55.4)	(2.4)
Inventories	(126.1)	(128.4)
Prepaid expenses and other current assets	(68)	(22.7)
Accounts payable	10	(4.6)
Accrued expenses and other current liabilities	12.2	21.2
Other long-term assets and liabilities	21.6	1.1
Net cash provided by operating activities	263.7	329.1
Cash flows from investing activities
Capital expenditures	(89.8)	(57.9)
Purchase of intangible assets	(0.7)	0
Unrealized loss (gain) on hedge related to acquisitions	30.4	(36.7)
Cash paid for business acquisitions, net of cash acquired	(1.8)	(1.4)
Net cash used in investing activities	(61.9)	(96)
Cash flows from financing activities
Debt borrowings	809.9	632.9
Debt repayments	(925.2)	(766)
Repurchase of treasury shares	(107.1)	(160.9)
Exercise of employee share options	20.4	3
Other financing activities	0	(0.1)
Net cash used in financing activities	(202)	(291.1)
Effect of exchange rate changes on cash and cash equivalents	(7.7)	6.6
Net decrease in cash and cash equivalents and restricted cash	(7.9)	(51.4)
Beginning of period (including restricted cash of $0.3 million at March 31, 2018 and $1.9 million at April 1, 2017)	163.4	229.6
End of period (including restricted cash of $0.3 million at September 29, 2018)	155.5	178.2
Supplemental disclosures of cash flow information
Cash paid for interest	16.1	2.2
Cash paid for income taxes	97.8	70.9
Supplemental disclosure of non-cash investing and financing activities
Accrued capital expenditures	$ 23.1	$ 15.9

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	Sep. 29, 2018	Mar. 31, 2018	Apr. 01, 2017
Statement of Cash Flows [Abstract]
Restricted cash	$ 0.3	$ 0.3	$ 1.9

Business and Basis of Presentat

Business and Basis of Presentation	6 Months Ended
	Sep. 29, 2018
Accounting Policies [Abstract]
Business and Basis of Presentation	Business and Basis of Presentation Michael Kors Holdings Limited (“MKHL,” and together with its subsidiaries, the “Company”) was incorporated in the British Virgin Islands (“BVI”) on December 13, 2002. The Company is a holding company that owns brands that are leading designers, marketers, distributors and retailers of branded women’s and men’s accessories, apparel and footwear bearing the Michael Kors and Jimmy Choo tradenames and related trademarks “MICHAEL KORS,” “MICHAEL MICHAEL KORS,” “JIMMY CHOO,” and various other related trademarks and logos. The Company’s business consists of four reportable segments: Michael Kors (“MK”) Retail, MK Wholesale, MK Licensing and Jimmy Choo. See Note 18 for additional information. On September 24, 2018, the Company entered into a definitive agreement to acquire all of the outstanding shares of Italian luxury fashion house Gianni Versace S.p.A. (“Versace”) for an aggregate purchase price based on an enterprise value of approximately €1.830 billion (or approximately $2.120 billion ), subject to certain adjustments. The transaction is subject to customary closing conditions and is expected to close during the fourth quarter of Fiscal 2019. In connection with the closing of the acquisition, the Company intends to change its name to “Capri Holdings Limited.” On November 1, 2017, the Company completed the acquisition of Jimmy Choo Group Limited (“Jimmy Choo”) for a total transaction value of $1.447 billion . As a result, the Company has consolidated Jimmy Choo into its operations beginning on November 1, 2017. Jimmy Choo is being reported as a separate reporting segment. See Note 4 and Note 18 for additional information. The interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) and include the accounts of the Company and its wholly-owned or controlled subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The interim consolidated financial statements as of September 29, 2018 and for the three and six months ended September 29, 2018 and September 30, 2017 are unaudited. In addition, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The interim consolidated financial statements reflect all normal and recurring adjustments, which are, in the opinion of management, necessary for a fair presentation in conformity with U.S. GAAP. The interim consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto for the year ended March 31, 2018 , as filed with the Securities and Exchange Commission on May 30, 2018, in the Company’s Annual Report on Form 10-K. The results of operations for the interim periods should not be considered indicative of results to be expected for the full fiscal year. The Company utilizes a 52 to 53 week fiscal year ending on the Saturday closest to March 31. As such, the term “Fiscal Year” or “Fiscal” refers to the 52-week or 53-week period, ending on that day. The results for the three and six months ended September 29, 2018 and September 30, 2017 , are based on 13-week and 26-week periods, respectively.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Sep. 29, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Use of Estimates The preparation of financial statements in accordance with U.S. GAAP requires management to use judgment and make estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The level of uncertainty in estimates and assumptions increases with the length of time until the underlying transactions are completed. The most significant assumptions and estimates involved in preparing the financial statements include allowances for customer deductions, sales returns, sales discounts and doubtful accounts, estimates related to the Company’s customer loyalty program and gift card breakage, estimates of inventory recovery, the valuation of share-based compensation, valuation of deferred taxes and the valuation of and the estimated useful lives used for amortization and depreciation of intangible assets and property and equipment. Actual results could differ from those estimates. Reclassifications Certain reclassifications have been made to the prior periods’ financial information in order to conform to the current period’s presentation. The Company reclassified $16.1 million and $17.4 million , respectively, of transaction costs recorded during the three and six months ended September 30, 2017 , from selling, general and administrative expenses to restructuring and other charges in the Company’s consolidated statements of operations and comprehensive income. Seasonality The Company experiences certain effects of seasonality with respect to its business. The Company’s MK Retail segment generally experiences greater sales during its third fiscal quarter as a result of holiday season sales. The MK Wholesale segment generally experiences the lowest sales in its first fiscal quarter. The Jimmy Choo segment generally experiences greater sales during its first and third fiscal quarters, primarily driven by the product launch calendar and holiday season sales. In the aggregate, the Company’s first fiscal quarter typically experiences less sales volume relative to the other three quarters and its third fiscal quarter generally has higher sales volume relative to the other three quarters. Derivative Financial Instruments Forward Foreign Currency Exchange Contracts The Company uses forward currency exchange contracts to manage its exposure to fluctuations in foreign currency for certain transactions. The Company, in its normal course of business, enters into transactions with foreign suppliers and seeks to minimize risks related to these transactions. The Company employs these forward currency contracts to hedge the Company’s cash flows, as they relate to foreign currency transactions. Certain of these contracts are designated as hedges for accounting purposes, while others remain undesignated. All of the Company’s derivative instruments are recorded in the Company’s consolidated balance sheets at fair value on a gross basis, regardless of their hedge designation. In connection with the September 24, 2018 definitive agreement to acquire all of the outstanding shares of Versace, the Company entered into forward foreign currency exchange contracts with notional amounts totaling €1.680 billion (approximately $2.001 billion ) to mitigate its foreign currency exchange risk through the expected closing date of the acquisition, expected during the fourth quarter of Fiscal 2019. Likewise, in connection with the July 25, 2017 cash offer to acquire Jimmy Choo, the Company entered into a forward foreign currency exchange contract with a notional amount of £1.115 billion (approximately $1.469 billion ) to mitigate its foreign currency exchange risk through the expected closing date of the acquisition, which was terminated on October 30, 2017. These derivative contracts were not designated as accounting hedges. Therefore, changes in fair value are recorded to foreign currency (gain) loss in the Company’s consolidated statements of operations and comprehensive income. The Company’s accounting policy is to classify cash flows from derivative instruments that are accounted for as cash flow hedges in the same category as the cash flows from the items being hedged. Accordingly, the Company classified the unrealized gains and losses relating to these derivative instruments within cash flows from investing activities. The Company designates certain contracts related to the purchase of inventory that qualify for hedge accounting as cash flow hedges. Formal hedge documentation is prepared for all derivative instruments designated as hedges, including description of the hedged item and the hedging instrument and the risk being hedged. The changes in the fair value for contracts designated as cash flow hedges is recorded in equity as a component of accumulated other comprehensive income (loss) until the hedged item affects earnings. When the inventory related to forecasted inventory purchases that are being hedged is sold to a third party, the gains or losses deferred in accumulated other comprehensive income (loss) are recognized within cost of goods sold. The Company uses regression analysis to assess effectiveness of derivative instruments that are designated as hedges, which compares the change in the fair value of the derivative instrument to the change in the related hedged item. If the hedge is no longer expected to be highly effective in the future, future changes in the fair value are recognized in earnings. For those contracts that are not designated as hedges, changes in the fair value are recorded to foreign currency (gain) loss in the Company’s consolidated statements of operations and comprehensive income. The Company classifies cash flows relating to its forward foreign currency exchange contracts consistently with the classification of the hedged item, within cash flows from operating activities. The Company is exposed to the risk that counterparties to derivative contracts will fail to meet their contractual obligations. In order to mitigate counterparty credit risk, the Company only enters into contracts with carefully selected financial institutions based upon their credit ratings and certain other financial factors, adhering to established limits for credit exposure. The aforementioned forward contracts generally have a term of no more than 12 months . The period of these contracts is directly related to the foreign transaction they are intended to hedge. Net Investment Hedges The Company also uses fixed-to-fixed cross currency swap agreements to hedge its net investments in foreign operations against future volatility in the exchange rates between our U.S. Dollars and these foreign currencies. The Company has elected the spot method of designating these contracts under ASU 2017-12, as defined below, and has designated these contracts as net investment hedges. The net gain or loss on net investment hedged is reported within foreign currency translation gains and losses (“CTA”), as a component of accumulated other comprehensive income (loss) on the Company’s consolidated balance sheets. Interest accruals and coupon payments are recognized directly in interest expense in the Company’s statement of operations and comprehensive income. Upon discontinuation of a hedge, all previously recognized amounts remain in CTA until the hedged net investment is sold, diluted, or liquidated. Net Income per Share The Company’s basic net income per ordinary share is calculated by dividing net income by the weighted average number of ordinary shares outstanding during the period. Diluted net income per ordinary share reflects the potential dilution that would occur if share option grants or any other potentially dilutive instruments, including restricted shares and restricted share units (“RSUs”), were exercised or converted into ordinary shares. These potentially dilutive securities are included in diluted shares to the extent they are dilutive under the treasury stock method for the applicable periods. Performance-based RSUs are included in diluted shares if the related performance conditions are considered satisfied as of the end of the reporting period and to the extent they are dilutive under the treasury stock method. The components of the calculation of basic net income per ordinary share and diluted net income per ordinary share are as follows (in millions, except share and per share data): Three Months Ended Six Months Ended September 29, September 30, September 29, September 30, Numerator: Net income attributable to MKHL $ 137.6 $ 202.9 $ 324.0 $ 328.4 Denominator: Basic weighted average shares 149,575,112 151,781,340 149,538,607 153,134,119 Weighted average dilutive share equivalents: Share options and restricted shares/units, and performance restricted share units 2,130,573 2,386,754 2,514,064 2,385,687 Diluted weighted average shares 151,705,685 154,168,094 152,052,671 155,519,806 Basic net income per share $ 0.92 $ 1.34 $ 2.17 $ 2.14 Diluted net income per share $ 0.91 $ 1.32 $ 2.13 $ 2.11 During the three and six months ended September 29, 2018 , share equivalents of 680,869 shares and 664,633 shares, respectively, have been excluded from the above calculations due to their anti-dilutive effect. Share equivalents of 2,782,083 shares and 2,633,955 shares, respectively, have been excluded from the above calculations during the three and six months ended September 30, 2017 . See Note 2 in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2018 for a complete disclosure of the Company’s significant accounting policies. Recently Adopted Accounting Pronouncements Hedge Accounting On August 28, 2017, the FASB issued ASU 2017-12, “ Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. ” The new standard is intended to improve and simplify rules relating to hedge accounting, including the elimination of periodic hedge ineffectiveness, recognition and presentation of components excluded from hedge effectiveness assessment, the ability to elect to perform subsequent effectiveness assessments qualitatively, and other provisions designed to provide more transparency around the economics of a company’s hedging strategy. ASU 2017-12 is effective for the Company in Fiscal 2020, with early adoption permitted. The Company adopted ASU 2017-12 during the three months ended June 30, 2018, which resulted in a net increase to opening retained earnings of less than $0.1 million as of April 1, 2018, due to the elimination of ineffectiveness for cash flow hedges in effect as of the date of adoption. The Company has applied the spot method of designating its net investment hedges, which were executed during the six months ended September 29, 2018 . Revenue Recognition In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers (Topic 606) ,” which provides new guidance for revenues recognized from contracts with customers, requiring that revenue is recognized at an amount the Company is entitled to upon transferring control of goods or services to customers, as opposed to when risks and rewards transfer to a customer. In July 2015, ASU 2015-14, “ Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, ” deferred the effective date of ASU 2014-09 by one year, to interim reporting periods within the annual reporting period beginning after December 15, 2017, or the first quarter of the Company’s Fiscal 2019. This standard may be applied retrospectively to all prior periods presented, or retrospectively with a cumulative adjustment to retained earnings in the year of adoption (“modified retrospective method”). The FASB has issued several additional ASUs to provide implementation guidance on ASU 2014-09, including ASU 2016-20, “ Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers ” in December 2016; ASU 2016-12, “ Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients ” in May 2016; ASU 2016-10, “ Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing ” in April 2016; and ASU 2016-08, “ Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) ” in March 2016. The Company has considered this guidance in evaluating the impact of ASU 2014-09 (collectively, “ASC 606”). On April 1, 2018, the Company adopted ASC 606 using the modified retrospective method and recognized the $6.7 million (net of a tax of $1.7 million ) cumulative effect of adoption as an adjustment to the opening balance of retained earnings. The below table details the components of the cumulative adjustment recorded on April 1, 2018 (in millions): March 31, 2018 ASC 606 Adjustments April 1, 2018 Receivables, net $ 290.5 $ 3.8 (1) $ 294.3 Accrued expenses and other current liabilities 295.6 (4.6 ) (2) 291.0 Deferred tax liabilities 186.3 1.7 (3) 188.0 Retained earnings 4,152.0 6.7 4,158.7 _________________________ (1) Includes a $3.5 million adjustment related to product licensing revenue, which was previously recorded on a one-month lag and $0.3 million of guaranteed advertising minimums recognized by product licensees on a straight-line basis over the contract year. (2) Relates to recognition of breakage revenue associated with gift card liabilities not subject to escheatment. (3) Relates to income tax effect of the above adjustments. In addition, while the Company has previously recorded the right of return asset and liability on a gross basis, in connection with its adoption of ASC 606, it has reclassified the return liability of $16.3 million from receivables, net to accrued expenses and other current liabilities in its consolidated balance sheets as of September 29, 2018 . Otherwise, the adoption of this standard did not have a material impact on the Company's consolidated financial statements as of and for the three and six months ended September 29, 2018 , or any individual line items therein. See Note 3 for additional disclosures related to the Company’s revenue recognition accounting policy. Share-Based Compensation In May 2017, the FASB issued ASU 2017-09, “ Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting ”, which simplifies modification accounting for entities that change the terms or conditions of share-based awards. ASU 2017-09 was adopted during the first quarter of Fiscal 2019, as required, on a prospective basis. The adoption of this standard did not have an impact on the Company's consolidated financial statements. The Company will apply ASU 2017-09 to any future changes to the terms and conditions of its share-based compensation awards. Income Taxes In October 2016, the FASB issued ASU 2016-16, “ Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory ”, which requires recognition of income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The Company adopted ASU 2016-16 in the beginning of Fiscal 2019, as required, using the modified retrospective method. On April 1, 2018, the Company recorded the $4.9 million cumulative effect of adoption as an adjustment to the opening balance of retained earnings. Recently Issued Accounting Pronouncements We have considered all new accounting pronouncements and, other than the recent pronouncements discussed below, have concluded that there are no new pronouncements that may have a material impact on our results of operations, financial condition or cash flows based on current information. Lease Accounting In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842), ” which requires lessees to recognize a lease liability and a right-to-use asset on the balance sheet for all leases, except certain short-term leases. ASU 2016-02 is effective beginning with the Company’s Fiscal 2020, with early adoption permitted, and must be implemented using a modified retrospective approach for all leases existing at, or entered into after the beginning of the earliest comparative period that is presented in the financial statements. The Company is currently in the process of analyzing its lease portfolio and evaluating the impact of ASU 2016-02 on its consolidated financial statements. The Company expects that the adoption of this standard will result in a significant increase in assets and liabilities on its consolidated balance sheets. The FASB has issued several additional ASUs to provide implementation guidance relating to ASU No. 2016-02, including ASU No. 2018-01, “ Land Easement Practical Expedient for Transition to Topic 842 ” in January 2018, ASU No. 2018-10, “ Codification Improvements to Topic 842, Leases ” and ASU No. 2018-11, “ Leases (Topic 842): Targeted Improvements, ” both issued in July 2018. The Company will consider this guidance in evaluating the impact of ASU 2016-02. Intangibles In August 2018, the FASB issued ASU 2018-15, “ I ntangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, ” which reduces the complexity for the accounting for costs of implementing a cloud computing service arrangement. The standard aligns the accounting for capitalizing implementation costs of hosting arrangements, regardless of whether or not the contract conveys a license to the hosted software. ASU 2018-15 is effective beginning with the Company’s Fiscal 2021, with early adoption permitted, and can either be presented prospectively or retrospectively. The Company is currently evaluating the impact of ASU 2018-15 on its consolidated financial statements.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Sep. 29, 2018
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company accounts for contracts with its customers when there is approval and commitment from both parties, the rights of the parties and payment terms have been identified, the contract has commercial substance and collectability of consideration is probable. Revenue is recognized when control of the promised goods or services is transferred to the Company's customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for goods or services. The Company sells its products through three primary channels of distribution: retail, wholesale and licensing. Within the retail and wholesale channels, substantially all of the Company’s revenues consist of sales of products that represent a single performance obligation, where control transfers at a point in time to the customer. For licensing arrangements, royalty and advertising revenue is recognized over time based on access provided to Michael Kors and Jimmy Choo trademarks. The Company has chosen to apply the practical expedient allowing it not to disclose the amount of the transaction price allocated to the remaining performance obligations that have an expected duration of twelve months or less. Retail Michael Kors generates sales through four primary retail store formats: “Collection” stores, “Lifestyle” stores, outlet stores and e-commerce. Michael Kors sells its own products and licensed products bearing the Michael Kors name, directly to the end consumer throughout the Americas (U.S., Canada and Latin America, excluding Brazil), Europe and certain parts of Asia. Jimmy Choo generates sales through directly operated stores and e-commerce throughout North America (United States and Canada), EMEA (Europe, Middle East, and Africa) and certain parts of Asia. In addition to these retail formats, the Company operates concessions in a select number of department stores. Retail revenue is recognized when control of the product is transferred at the point of sale at Company owned stores, including concessions. For e-commerce transactions, control is transferred when products are delivered to the customer, net of estimated returns. To arrive at net sales for retail, gross sales are reduced by actual customer returns, as well as by a provision for estimated future customer returns. Sales taxes collected from retail customers are presented on a net basis and, as such, are excluded from revenue. Shipping and handling costs that are billed to customers are included in net sales, with the related costs recorded in cost of goods sold. Shipping and handling costs that are not billed to customers are accounted for as fulfillment costs. Gift Cards. The Company sells gift cards that can be redeemed for merchandise, resulting in a contract liability recorded upon issuance. Revenue is recognized when the gift card is redeemed or upon “breakage” for the estimated portion of gift cards that are not expected to be redeemed. “Breakage” revenue is calculated under the proportional redemption methodology, which considers the historical patterns of redemption in jurisdictions where the Company is not required to remit the value of the unredeemed gift cards as unclaimed property. The Company anticipates that substantially all of its outstanding gift cards will be redeemed within the next twelve months. The contract liability related to gift cards, net of estimated “breakage,” was $10.6 million as of September 29, 2018 , and is included in accrued expenses and other current liabilities in the Company’s consolidated balance sheet. Loyalty Program . The Company offers a loyalty program, which allows its Michael Kors customers to earn points on qualifying purchases toward monetary and non-monetary rewards, which may be redeemed for purchases at Michael Kors retail stores and e-commerce sites. The Company defers a portion of the initial sales transaction based on the estimated relative fair value of the benefits based on projected timing of future redemptions and historical activity. These amounts include estimated “breakage” for points that are not expected to be redeemed. The contract liability, net of an estimated “breakage,” of $5.8 million as of September 29, 2018 is recorded as a reduction to revenue in the consolidated statements of income and comprehensive income and within accrued expenses and other current liabilities in the Company’s consolidated balance sheet and is expected to be recognized within the next twelve months. Wholesale Michael Kors products are sold primarily to major department stores, specialty stores and travel retail shops throughout the Americas, EMEA and Asia. Jimmy Choo luxury products are sold throughout North America, EMEA, and certain parts of Asia. The Company also has arrangements where Michael Kors and Jimmy Choo products are sold to our geographic licensees in certain parts of EMEA and Asia, as well as in Brazil. Products sold through the wholesale channel include accessories (which include handbags and small leather goods such as wallets), footwear and women’s and men’s apparel. Wholesale revenue is recognized net of estimates for sales returns, discounts, markdowns and allowances, after merchandise is shipped and control of the underlying product is transferred to the Company’s wholesale customers. To arrive at net sales for wholesale, gross sales are reduced by provisions for estimated future returns, as well as trade discounts, markdowns, allowances, operational chargebacks, and certain cooperative selling expenses. These estimates are developed based on the most likely amount using historical trends, actual and forecasted performance and market conditions, and are reviewed by management on a quarterly basis. Unfulfilled, noncancelable purchase orders for products from wholesale customers (including the Company’s geographic licensees) are expected to be fulfilled within the next twelve months. Licensing The Company provides its third-party licensees with the right to access its Michael Kors and Jimmy Choo trademarks under product and geographic licensing arrangements. Under product licensing arrangements, the Company allows third parties to manufacture and sell luxury goods, including watches and jewelry, fragrances, sunglasses and eyewear, using the Company’s trademarks. Under geographic licensing arrangements, third party licensees receive the right to distribute and sell products bearing the Company's trademarks in retail and/or wholesale channels within certain geographical areas, including Brazil, the Middle East, Eastern Europe, South Africa, certain parts of Asia and Australia. The Company recognizes royalty revenue and advertising contributions based on the percentage of sales made by the licensees. Advertising contributions are received to support the Company’s branded advertising and marketing campaigns and are viewed as part of a single performance obligation with the right to access the Company’s trademarks. Royalty revenue generated from licenses, which includes contributions for advertising, may be subject to contractual minimum levels, as defined in the contract. Such minimums are generally fixed annually, based on the previous year’s sales. Licensing revenue is based on reported current period sales of licensed products at rates that are specified in the license agreements for contracts that are expected to exceed the related guaranteed minimums. If the Company expects the minimum guaranteed amounts to exceed amounts calculated based on actual sales, the guaranteed minimums are recognized ratably over the contractual year to which they relate. As of September 29, 2018 , guaranteed minimum royalty amounts due from licensees relate to contractual periods that do not exceed twelve months. Sales Returns For the sale of goods with a right of return, the Company recognizes revenue for the consideration to which it expects to be entitled and a refund liability for the amount it expects to refund to its customers within accrued expenses and other current liabilities. The refund liability is determined based on the most likely amount and is based on management’s review of historical and current customer returns for its retail and wholesale customers, estimated future returns, adjusted for non-resalable products. The Company also considers its product strategies, as well as the financial condition of its customers, store closings by wholesale customers, changes in the retail environment and other macroeconomic factors. The Company recognizes an asset with a corresponding adjustment to cost of sales for the right to recover the products from its retail and wholesale customers, net of any costs to resell. The refund liability recorded as of September 29, 2018 was $25.9 million and the related asset for the right to recover returned product as of September 29, 2018 was $7.5 million . Contract Balances The Company’s contract liabilities, which are recorded within accrued expenses and other current liabilities in its consolidated balance sheets, primarily consist of gift card liabilities, loyalty program liabilities and advanced payments from product licensees. Total contract liabilities were $17.5 million and $23.3 million as of September 29, 2018 and March 31, 2018 , respectively. Contract liabilities decreased $4.6 million as a result of the adoption of ASC 606 on April 1, 2018 , due to recognition of gift card breakage revenue (see Note 2 ). For three and six months ended September 29, 2018 , the Company recognized $3.2 million and $11.3 million , respectively, in revenue which related to contract liabilities that existed at March 31, 2018 . There were no contract assets recorded as of September 29, 2018 and April 1, 2018 . There were no changes in historical variable consideration estimates that were materially different from actual results. Disaggregation of Revenue The following table presents the Company’s segment revenues disaggregated by geographic location (in millions): Three Months Ended Six Months Ended September 29, September 30, September 29, September 30, MK Retail revenue - the Americas $ 394.9 $ 385.5 $ 797.1 $ 777.6 MK Retail revenue - Europe 139.2 154.2 258.7 276.3 MK Retail revenue - Asia 109.8 105.3 227.6 211.0 Total MK Retail 643.9 645.0 1,283.4 1,264.9 MK Wholesale revenue - the Americas 354.3 340.4 629.4 567.6 MK Wholesale revenue - EMEA (1) 80.9 104.5 149.3 169.5 MK Wholesale revenue - Asia 22.6 18.7 41.9 30.1 Total MK Wholesale 457.8 463.6 820.6 767.2 MK Licensing revenue - the Americas 23.1 26.0 38.4 40.8 MK Licensing revenue - EMEA (1) 12.3 12.0 24.5 26.1 Total MK Licensing 35.4 38.0 62.9 66.9 Total Michael Kors 1,137.1 1,146.6 2,166.9 2,099.0 Jimmy Choo revenue - the Americas 20.4 — 46.0 — Jimmy Choo revenue - EMEA (1) 56.8 — 158.5 — Jimmy Choo revenue - Asia 39.5 — 84.9 — Total Jimmy Choo 116.7 — 289.4 — Total revenue - the Americas 792.7 751.9 1,510.9 1,386.0 Total revenue - EMEA (1) 289.2 270.7 591.0 471.9 Total revenue - Asia 171.9 124.0 354.4 241.1 Total revenue $ 1,253.8 $ 1,146.6 $ 2,456.3 $ 2,099.0 (1) EMEA is comprised of Europe, the Middle East and Africa.

Acquisitions

Acquisitions	6 Months Ended
	Sep. 29, 2018
Business Combinations [Abstract]
Acquisitions	Acquisitions Acquisition of Jimmy Choo Group Limited On November 1, 2017, the Company completed the acquisition of Jimmy Choo, whereby the Company acquired all of Jimmy Choo’s issued and to be issued shares at a purchase price of 230 pence per share in cash, for a total transaction value of $1.447 billion , including the repayment of existing debt obligations, which was funded through a combination of borrowings under the Company’s $1.0 billion term loan facility and the issuance of the Senior Notes. Jimmy Choo’s results of operations have been included in our consolidated financial statements beginning on November 1, 2017. Jimmy Choo contributed revenue of $116.7 million and $289.4 million , respectively, for the three and six months ended September 29, 2018 and net loss of $16.2 million and $3.0 million , respectively, (after amortization of non-cash purchase accounting adjustments and transition costs) for the three and six months ended September 29, 2018 . See Note 1 for the Company’s definitive agreement to acquire Versace, as well as Note 3 in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2018 for additional disclosures relating to the Company’s acquisitions.

Receivables, net

Receivables, net	6 Months Ended
	Sep. 29, 2018
Receivables [Abstract]
Receivables, net	Receivables, net Receivables, net, consist of (in millions): September 29, March 31, Trade receivables (1) $ 393.7 $ 383.3 Receivables due from licensees 34.1 15.8 427.8 399.1 Less: allowances (87.9 ) (108.6 ) $ 339.9 $ 290.5 (1) As of September 29, 2018 and March 31, 2018 , $305.2 million and $296.2 million , respectively, of trade receivables were insured. Receivables are presented net of allowances for discounts, markdowns, operational chargebacks and doubtful accounts. Discounts are based on open invoices where trade discounts have been extended to customers. Allowances are based on wholesale customers’ sales performance, seasonal negotiations with customers, historical deduction trends and an evaluation of current market conditions. Operational chargebacks are based on deductions taken by customers, net of expected recoveries. Such provisions, and related recoveries, are reflected in revenues. The Company’s allowance for doubtful accounts is determined through analysis of periodic aging of receivables that are not covered by insurance and assessments of collectability based on an evaluation of historic and anticipated trends, the financial condition of the Company’s customers and the impact of general economic conditions. The past due status of a receivable is based on its contractual terms. Amounts deemed uncollectible are written off against the allowance when it is probable the amounts will not be recovered. Allowance for doubtful accounts was $5.1 million as of September 29, 2018 and March 31, 2018 . The Company had provisions for bad debt of $0.4 million and $3.8 million for the three months ended September 29, 2018 and September 30, 2017 , respectively, and $1.0 million and $4.4 million for the six months ended September 29, 2018 and September 30, 2017 , respectively.

Property and Equipment, net

Property and Equipment, net	6 Months Ended
	Sep. 29, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net, consists of (in millions): September 29, March 31, Leasehold improvements $ 551.9 $ 551.0 Computer equipment and software 270.4 266.3 Furniture and fixtures 269.4 270.9 In-store shops 268.0 273.9 Equipment 120.0 116.7 Building 50.2 51.6 Land 15.3 16.2 1,545.2 1,546.6 Less: accumulated depreciation and amortization (1,042.3 ) (1,001.6 ) 502.9 545.0 Construction-in-progress 49.1 38.2 $ 552.0 $ 583.2 Depreciation and amortization of property and equipment for the three months ended September 29, 2018 and September 30, 2017 was $44.6 million and $43.3 million , respectively, and was $92.0 million and $85.8 million , respectively, for the six months ended September 29, 2018 and September 30, 2017 . During the three and six months ended September 29, 2018 , the Company recorded fixed asset impairment charges of $5.7 million and $9.4 million , respectively, of which $4.4 million and $8.1 million , respectively, were related to underperforming Michael Kors retail store locations, some of which will be closed as part of the Company’s previously announced Retail Fleet Optimization Plan, as defined in Note 9 . In addition, during the three months ended September 29, 2018 , the Company recorded fixed asset impairment charges of $1.3 million related to Jimmy Choo retail store locations. During the three and six months ended September 30, 2017 , the Company recorded fixed asset impairment charges of $11.9 million , which were related to underperforming Michael Kors retail store locations.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	6 Months Ended
	Sep. 29, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill The following table details the carrying values of the Company’s intangible assets other than goodwill (in millions): September 29, March 31, Definite-lived intangible assets: Reacquired Rights $ 400.4 $ 400.4 Trademarks 23.0 23.0 Lease Rights 71.8 80.1 Customer Relationships 215.4 231.3 Total definite-lived intangible assets 710.6 734.8 Less: accumulated amortization (123.3 ) (113.2 ) Net definite-lived intangible assets 587.3 621.6 Indefinite-lived intangible assets: Jimmy Choo brand 571.3 614.1 Total intangible assets, excluding goodwill $ 1,158.6 $ 1,235.7 Goodwill $ 796.9 $ 847.7 Amortization expense for the Company’s definite-lived intangibles assets for the three months ended September 29, 2018 and September 30, 2017 was $8.1 million and $5.0 million , respectively, and was $16.6 million and $10.1 million , respectively, for the six months ended September 29, 2018 and September 30, 2017 . During the three and six months ended September 29, 2018 , the Company recorded impairment charges of $1.3 million and $1.9 million , respectively, relating to its intangible assets within MK Retail segment. For the three and six months ended September 30, 2017 , the Company recorded impairment charges of $4.4 million relating to its intangible assets (See Note 12 for further information). There were no goodwill impairment charges recorded during any of the periods presented.

Current Assets and Current Liab

Current Assets and Current Liabilities	6 Months Ended
	Sep. 29, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Current Assets and Current Liabilities	Current Assets and Current Liabilities Prepaid expenses and other current assets consist of the following (in millions): September 29, March 31, Prepaid taxes $ 126.9 $ 78.5 Prepaid rent 23.7 22.7 Leasehold incentive receivable 12.2 9.4 Prepaid insurance 5.1 1.5 Unrealized gains on forward foreign currency exchange contracts 4.3 — Prepaid duties — 7.0 Other 39.2 28.7 $ 211.4 $ 147.8 Accrued expenses and other current liabilities consist of the following (in millions): September 29, March 31, Other taxes payable $ 60.8 $ 54.3 Accrued rent 39.8 34.5 Restructuring liability 35.2 44.8 Unrealized loss on forward foreign currency exchange contracts 30.8 7.7 Accrued advertising and marketing 30.6 22.6 Return liabilities 25.9 12.1 Accrued capital expenditures 23.1 26.4 Professional services 21.8 14.1 Gift cards and retail store credits 10.6 16.0 Accrued interest 8.4 8.7 Deferred income 6.0 4.3 Deferred loyalty program liabilities 5.8 2.2 Advance royalties 1.1 4.1 Other 45.9 43.8 $ 345.8 $ 295.6

Restructuring and Other Charges

Restructuring and Other Charges	6 Months Ended
	Sep. 29, 2018
Restructuring and Related Activities [Abstract]
Restructuring and Other Charges	Restructuring and Other Charges Retail Fleet Optimization Plan On May 31, 2017, the Company announced that it plans to close between 100 and 125 of its Michael Kors retail stores in order to improve the profitability of its retail store fleet (“Retail Fleet Optimization Plan”). The Company anticipates finalizing the remainder of the planned store closures under the Retail Fleet Optimization Plan by the end of Fiscal 2020. The Company expects to incur approximately $100 - $125 million of one-time costs associated with these store closures. Collectively, the Company anticipates ongoing annual savings of approximately $60 million as a result of store closures and lower depreciation and amortization expense as a result of the impairment charges recorded once these initiatives are completed. During the six months ended September 29, 2018 , the Company closed 19 of its Michael Kors retail stores under the Retail Fleet Optimization Plan, for a total of 66 stores closed since plan inception. Restructuring charges recorded in connection with the Retail Fleet Optimization Plan during the three and six months ended September 29, 2018 were $1.2 million and $5.4 million , respectively. The below table presents a summary of charges recorded in connection with this plan for the MK Retail segment and the Company’s remaining restructuring liability (in millions): Severance and benefit costs Lease-related costs Total Balance at March 31, 2018 $ 0.2 $ 44.6 $ 44.8 Additions charged to expense 0.3 5.1 5.4 Balance sheet reclassifications (1) — 1.1 1.1 Payments (0.1 ) (16.0 ) (16.1 ) Balance at September 29, 2018 $ 0.4 $ 34.8 $ 35.2 (1) Primarily consists of reclassification of deferred rent for locations subject to closure to a restructuring liability. During the three and six months ended September 30, 2017 , the Company recorded restructuring charges of $5.9 million under the Retail Fleet Optimization Plan, which were comprised of lease-related charges of $5.3 million and severance and benefit costs of $0.6 million . Other Restructuring Charges In addition to the restructuring charges related to the Retail Fleet Optimization Plan, the Company incurred charges of $1.0 million relating to Jimmy Choo lease-related charges during three and six months ended September 29, 2018 . Transaction and Transition Costs During the three and six months ended September 29, 2018 , the Company recorded transaction and transition costs of $16.0 million and $23.1 million , respectively, which included transition costs of $6.8 million and $13.9 million , respectively, in connection with the Jimmy Choo acquisition, as well as transaction costs of $6.5 million and transition costs of $2.7 million recorded in connection with the Company's agreement to acquire Versace during the three and six months ended September 29, 2018 . During the three and six months ended September 30, 2017 , the Company recorded transaction costs of $16.1 million and $17.4 million , respectively, in connection with the Jimmy Choo acquisition.

Debt Obligations

Debt Obligations	6 Months Ended
	Sep. 29, 2018
Debt Disclosure [Abstract]
Debt Obligations	Debt Obligations The following table presents the Company’s debt obligations (in millions): September 29, March 31, 4.000% Senior Notes due 2024 $ 450.0 $ 450.0 Revolving Credit Facilities 255.0 200.0 Term Loan 59.0 229.8 Other 0.9 0.9 Total debt 764.9 880.7 Less: Unamortized debt issuance costs 3.4 4.2 Less: Unamortized discount on long-term debt 1.9 2.1 Total carrying value of debt 759.6 874.4 Less: Short-term debt 255.0 200.0 Total long-term debt $ 504.6 $ 674.4 Senior Unsecured Revolving Credit Facility The 2017 Credit Facility requires the Company to maintain a leverage ratio as of the end of each fiscal quarter of no greater than 3.5 to 1. Such leverage ratio is calculated as the ratio of the sum of total indebtedness as of the date of the measurement plus six times the consolidated rent expense for the last four consecutive fiscal quarters, to Consolidated EBITDAR (as defined below) for the last four consecutive fiscal quarters. Consolidated EBITDAR is defined as consolidated net income plus income tax expense, net interest expense, depreciation and amortization expense, consolidated rent expense and other non-cash charges, subject to certain additions and deductions. The 2017 Credit Facility also includes covenants that limit additional indebtedness, guarantees, liens, acquisitions and other investments and cash dividends that are customary for financings of this type. As of September 29, 2018 , the Company was in compliance with all covenants related to this agreement. As of September 29, 2018 and March 31, 2018 , the Company had borrowings of $255.0 million and $200.0 million , respectively, outstanding under the 2017 Revolving Credit Facility, which were recorded within short-term debt in its consolidated balance sheets. Stand-by letters of credit of $16.1 million were outstanding as of September 29, 2018 . At September 29, 2018 , the amount available for future borrowings under the 2017 Revolving Credit Facility was $728.9 million . During the third quarter of Fiscal 2019, the Company repaid the remaining $59.0 million of borrowings outstanding under the Term Loan Facility. The Company's definitive agreement to acquire Versace entered into on September 24, 2018 (see Note 1 ) is not subject to financing conditions. The cash portion of the purchase price is expected to be funded by a combination of cash on hand, drawings under the Company’s existing revolving credit facility, and committed underwritten bank term loans from our advisors JPMorgan Chase Bank, N.A. and Barclays, which the Company is in the process of syndicating. See Note 10 to the Company’s Fiscal 2018 Annual Report on Form 10-K for additional information regarding the Company’s credit facilities and debt obligations.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Sep. 29, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, the Company is party to various legal proceedings and claims. Although the outcome of such items cannot be determined with certainty, the Company’s management does not believe that the outcome of all pending legal proceedings in the aggregate will have a material adverse effect on its cash flow, results of operations or financial position. Please refer to the Contractual Obligations and Commercial Commitments disclosure within the Liquidity section of the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2018 for a detailed disclosure of other commitments and contractual obligations as of March 31, 2018 .

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Sep. 29, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Financial assets and liabilities are measured at fair value using the three-level valuation hierarchy for disclosure of fair value measurements. The determination of the applicable level within the hierarchy of a particular asset or liability depends on the inputs used in the valuation as of the measurement date, notably the extent to which the inputs are market-based (observable) or internally derived (unobservable). Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from independent sources. Unobservable inputs are inputs based on a company’s own assumptions about market participant assumptions developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the reliability of inputs as follows: Level 1 – Valuations based on quoted prices in active markets for identical assets or liabilities that a company has the ability to access at the measurement date. Level 2 – Valuations based on quoted inputs other than quoted prices included within Level 1, that are observable for the asset or liability, either directly or indirectly through corroboration with observable market data. Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement. At September 29, 2018 and March 31, 2018 , the fair values of the Company’s forward foreign currency exchange contracts and net investment hedges were determined using broker quotations, which were calculations derived from observable market information: the applicable currency rates at the balance sheet date and those forward rates particular to the contract at inception. The Company makes no adjustments to these broker obtained quotes or prices, but assesses the credit risk of the counterparty and would adjust the provided valuations for counterparty credit risk when appropriate. The fair values of the forward contracts are included in prepaid expenses and other current assets, and in accrued expenses and other current liabilities in the consolidated balance sheets, depending on whether they represent assets or liabilities to the Company. The fair values of net investment hedges are included in other assets, as detailed in Note 13 . All contracts are measured and recorded at fair value on a recurring basis and are categorized in Level 2 of the fair value hierarchy, as shown in the following table (in millions): Fair value at September 29, 2018 using: Fair value at March 31, 2018 using: Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Derivative assets: Forward foreign currency exchange contracts $ — $ 4.3 $ — $ — $ — $ — Net investment hedges — 6.2 — — — — Total derivative assets $ — $ 10.5 $ — $ — $ — $ — Derivative liabilities: Forward foreign currency exchange contracts $ — $ 30.8 $ — $ — $ 7.7 $ — Net investment hedges — 1.6 — — — — Total derivative liabilities $ — $ 32.4 $ — $ — $ 7.7 $ — The Company’s long-term debt obligations are recorded in its consolidated balance sheets at carrying values, which may differ from the related fair values. The fair value of the Company’s long-term debt is estimated using external pricing data, including any available quoted market prices and based on other debt instruments with similar characteristics. Borrowings under revolving credit agreements, if outstanding, are recorded at carrying value, which approximates fair value due to the short-term nature of such borrowings. See Note 10 for detailed information relating to carrying values of the Company’s outstanding debt. The following table summarizes the carrying values and estimated fair values of the Company’s short- and long-term debt, based on Level 2 measurements (in millions): September 29, 2018 March 31, 2018 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value 4.000% Senior Notes $ 444.9 $ 430.1 $ 444.5 $ 448.1 Term Loan $ 58.8 $ 59.4 $ 229.0 $ 231.2 Revolving Credit Facilities $ 255.0 $ 255.0 $ 200.0 $ 200.0 The Company’s cash and cash equivalents, accounts receivable and accounts payable, are recorded at carrying value, which approximates fair value. Non-Financial Assets and Liabilities The Company’s non-financial assets include goodwill, intangible assets and property and equipment. Such assets are reported at their carrying values and are not subject to recurring fair value measurements. The Company’s goodwill and its indefinite-lived intangible asset (Jimmy Choo brand) are assessed for impairment at least annually during the fourth quarter of each fiscal year, while its other long-lived assets, including fixed assets and definite-lived intangible assets, are assessed for impairment whenever events or changes in circumstances indicate that the carrying amount of any such asset may not be recoverable. The fair values of these assets were determined based on Level 3 measurements using the Company’s best estimates of the amount and timing of future discounted cash flows, based on historical experience, market conditions, current trends and performance expectations. The following tables detail the carrying values and fair values of the Company’s long-lived assets that have been impaired (in millions): Three Months Ended Six Months Ended Carrying Value Prior to Impairment Fair Value Impairment Charge Carrying Value Prior to Impairment Fair Value Impairment Charge Fixed Assets $ 8.8 $ 3.1 $ 5.7 $ 14.2 $ 4.8 $ 9.4 Lease Rights 2.0 0.7 1.3 3.4 1.5 1.9 Total $ 10.8 $ 3.8 $ 7.0 $ 17.6 $ 6.3 $ 11.3 Three Months Ended Six Months Ended Carrying Value Prior to Impairment Fair Value Impairment Charge Carrying Value Prior to Impairment Fair Value Impairment Charge Fixed Assets $ 13.4 $ 1.5 $ 11.9 $ 13.4 $ 1.5 $ 11.9 Lease Rights 3.6 0.2 3.4 3.6 0.2 3.4 Customer Relationships 1.0 — 1.0 1.0 — 1.0 Total $ 18.0 $ 1.7 $ 16.3 $ 18.0 $ 1.7 $ 16.3 See Note 6 and Note 7 for additional information.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Sep. 29, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments During the first quarter of Fiscal 2019, the Company early-adopted the new hedge accounting guidance prescribed by ASU 2017-12. The cumulative impact of adoption, which related to elimination of ineffectiveness for the Company’s designated forward foreign currency exchange contracts, was recorded within retained earnings as of the beginning of Fiscal 2019. See Note 2 for additional information. Forward Foreign Currency Exchange Contracts The Company uses forward foreign currency exchange contracts to manage its exposure to fluctuations in foreign currency for certain of its transactions. The Company, in its normal course of business, enters into transactions with foreign suppliers and seeks to minimize risks related to certain forecasted inventory purchases by using forward foreign currency exchange contracts. The Company only enters into derivative instruments with highly credit-rated counterparties. The Company does not enter into derivative contracts for trading or speculative purposes. On September 25, 2018, in connection with the intended acquisition of Versace, the Company entered into forward foreign currency exchange contracts with a total notional amount of €1.680 billion (approximately $2.001 billion ) to mitigate its foreign currency exchange risk through the expected closing date of the acquisition. These derivative contracts were not designated as an accounting hedge. Therefore, the changes in fair value are recorded to foreign currency (gain) loss in the Company’s consolidated statement of operations and comprehensive income for the three and six months ended September 29, 2018 . On July 25, 2017, in connection with the acquisition of Jimmy Choo, which closed on November 1, 2017, the Company entered into a forward foreign currency exchange contract with a notional amount of £1.115 billion (approximately $1.469 billion ) to mitigate its foreign currency exchange risk through the date of the acquisition. This derivative contract was not designated as an accounting hedge and was terminated on October 30, 2017. Changes in fair value were recorded to foreign currency (gain) loss in the Company’s consolidated statement of operations and comprehensive income for the three and six months ended September 30, 2017 . Net Investment Hedges During the six months ended September 29, 2018 , the Company entered into fixed-to-fixed cross-currency swap agreements with aggregate notional amounts of $390.0 million to hedge its net investment in Euro-denominated subsidiaries and $44.0 million to hedge its net investment in Japanese Yen-denominated subsidiaries against future volatility in the exchange rates between U.S. Dollar and these currencies. Under the terms of these contracts, which mature in November 2024, the Company will exchange the quarterly fixed rate payments made under its Senior Notes for fixed rate payments of 1.472% to 1.585% in Euros and 0.89% in Japanese Yen. These contracts have been designated as net investment hedges. When a cross-currency swap is used as a hedging instrument in a net investment hedge assessed under the spot method, the cross-currency basis spread is excluded from the assessment of hedge effectiveness and is recognized as a reduction in interest expense in the Company’s consolidated statements of operations and comprehensive income. Accordingly, the Company recorded a reduction in interest expense of $2.5 million and $3.9 million , respectively, during the three and six months ended September 29, 2018 . The following table details the fair value of the Company’s derivative contracts, which are recorded on a gross basis in the consolidated balance sheets as of September 29, 2018 and March 31, 2018 (in millions): Fair Values Notional Amounts Assets Liabilities September 29, March 31, September 29, March 31, September 29, March 31, Designated forward currency exchange contracts $ 139.4 $ 161.7 $ 4.3 (1) $ — $ 0.4 (2) $ 7.7 (2) Designated net investment hedge 434.0 — 6.2 (3) — 1.6 (4) — Total designated hedges $ 573.4 $ 161.7 $ 10.5 $ — $ 2.0 $ 7.7 Undesignated forward currency exchange contracts 2,000.8 — — — 30.4 (2) — Total $ 2,574.2 $ 161.7 $ 10.5 $ — $ 32.4 $ 7.7 ____________________________________ (1) Recorded within prepaid expenses and other current assets in the Company’s consolidated balance sheets. (2) Recorded within accrued expenses and other current liabilities in the Company’s consolidated balance sheets. (3) Recorded within other assets in the Company’s consolidated balance sheets. (4) Recorded within other long-term liabilities in the Company's consolidated balance sheets. The Company records and presents the fair values of all of its derivative assets and liabilities in its consolidated balance sheets on a gross basis, as shown in the above table. However, if the Company were to offset and record the asset and liability balances for its derivative instruments on a net basis in accordance with the terms of its master netting arrangements, which provide for the right to setoff amounts for similar transactions denominated in the same currencies, the resulting impact as of September 29, 2018 and March 31, 2018 would be as follows (in millions): Forward Currency Exchange Contracts Net Investment Hedges Acquisition Hedges September 29, March 31, September 29, March 31, September 29, March 31, Assets subject to master netting arrangements $ 4.3 $ — $ 6.2 $ — $ — $ — Liabilities subject to master netting arrangements $ 0.4 $ 7.7 $ 1.6 $ — $ 17.5 $ — Derivative assets, net $ 3.9 $ — $ 6.2 $ — $ — $ — Derivative liabilities, net $ — $ 7.7 $ 1.6 $ — $ 30.4 $ — The Company’s master netting arrangements do not require cash collateral to be pledged by the Company or its counterparties. Changes in the fair value of the Company’s forward foreign currency exchange contracts that are designated as accounting hedges are recorded in equity as a component of accumulated other comprehensive income (loss), and are reclassified from accumulated other comprehensive income (loss) into earnings when the items underlying the hedged transactions are recognized into earnings, as a component of cost of sales within the Company’s consolidated statements of operations and comprehensive income (loss). The net gain or loss on net investment hedges are reported within foreign currency translation gains and losses (“CTA”) as a component of accumulated other comprehensive income (loss) on the Company’s consolidated balance sheets. Upon discontinuation of the hedge, such amounts remain in CTA until the related investment is sold or liquidated. The following table summarizes the pre-tax impact of the gains and losses on the Company’s designated forward foreign currency exchange contracts and net investment hedges (in millions): Three Months Ended Six Months Ended September 29, 2018 September 30, 2017 September 29, 2018 September 30, 2017 Pre-Tax Gains (Losses) Recognized in OCI Pre-Tax Loss Recognized in OCI Pre-Tax Gains Recognized in OCI Pre-Tax Loss Recognized in OCI Designated forward foreign currency exchange contracts $ 1.0 $ (6.0 ) $ 9.7 $ (15.3 ) Designated net investment hedges $ (0.2 ) $ — $ 4.6 $ — The following table summarizes the impact of the gains and losses within the consolidated statements of operations and comprehensive income related to the designated forward foreign currency exchange contracts for the three and six months ended September 29, 2018 and September 30, 2017 (in millions): Three Months Ended Pre-Tax (Gain) Loss Reclassified from Accumulated OCI Location of (Gain) Loss recognized Total Cost of Sales September 29, 2018 September 30, 2017 September 29, 2018 September 30, 2017 Designated forward currency exchange contracts $ 2.0 $ (1.3 ) Cost of Sales $ 490.7 $ 455.8 Six Months Ended Pre-Tax (Gain) Loss Reclassified from Accumulated OCI Location of (Gain) Loss recognized Total Cost of Sales September 29, 2018 September 30, 2017 September 29, 2018 September 30, 2017 Designated forward currency exchange contracts $ 6.9 $ (3.2 ) Cost of Sales $ 942.4 $ 833.5 The Company expects that substantially all of the amounts currently recorded in accumulated other comprehensive income (loss) for its forward foreign currency exchange contracts will be reclassified into earnings during the next twelve months, based upon the timing of inventory purchases and turnover. Undesignated Hedges During the three and six months ended September 29, 2018 , the Company recognized a net loss of $30.0 million and $28.9 million , respectively, related to changes in the fair value of undesignated forward foreign currency exchange contracts within foreign currency loss (gain) in the Company’s consolidated statement of operations and comprehensive income, $30.4 million of which related to the derivative contracts entered into during the three months ended September 29, 2018 to mitigate foreign currency exchange risk through the expected closing date of the Versace acquisition. During the three and six months ended September 30, 2017 , the Company recognized net gains of $36.6 million and $35.2 million , respectively, related to changes in the fair value of undesignated forward foreign currency exchange contracts within foreign currency (gain) loss in the Company’s consolidated statement of operations and comprehensive income, $36.7 million of which related to the derivative contract entered into during the three months ended September 30, 2017 to mitigate foreign currency exchange risk through the closing date of the Jimmy Choo acquisition.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Sep. 29, 2018
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Share Repurchase Program During the six months ended September 29, 2018 and September 30, 2017 , the Company repurchased 1,659,941 shares and 4,543,500 shares, respectively, at a cost of $100.0 million and $157.8 million , respectively, under its $1.0 billion share-repurchase program through open market transactions. As of September 29, 2018 , the remaining availability under the Company’s share repurchase program was $542.2 million . Share repurchases may be made in open market or privately negotiated transactions, subject to market conditions, applicable legal requirements, trading transactions under the Company’s insider trading policy and other relevant factors. The program may be suspended or discontinued at any time. The Company also has in place a “withhold to cover” repurchase program, which allows the Company to withhold ordinary shares from certain executive officers and directors to satisfy minimum tax withholding obligations relating to the vesting of their restricted share unit awards. During the six month periods ended September 29, 2018 and September 30, 2017 , the Company withheld 106,002 shares and 91,122 shares, respectively, with a fair value of $7.1 million and $3.1 million , respectively, in satisfaction of minimum tax withholding obligations relating to the vesting of restricted share unit awards.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Sep. 29, 2018
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive (Loss) Income The following table details changes in the components of accumulated other comprehensive income (loss) (“AOCI”), net of taxes for the six months ended September 29, 2018 and September 30, 2017 , respectively (in millions): Foreign Currency (1) Net Gains (Losses) on (2) Other Comprehensive (Loss) Income Attributable to MKHL Other Comprehensive (Loss) Income Attributable to Noncontrolling Interest Total Accumulated Other Comprehensive (Loss) Income Balance at April 1, 2017 $ (86.1 ) $ 5.5 $ (80.6 ) $ (0.3 ) $ (80.9 ) Other comprehensive income (loss) before reclassifications 37.1 (13.2 ) 23.9 — 23.9 Less: amounts reclassified from AOCI to earnings — 2.9 2.9 — 2.9 Other comprehensive income (loss), net of tax 37.1 (16.1 ) 21.0 — 21.0 Balance at September 30, 2017 $ (49.0 ) $ (10.6 ) $ (59.6 ) $ (0.3 ) $ (59.9 ) Balance at March 31, 2018 $ 61.2 $ (10.7 ) $ 50.5 $ (0.2 ) $ 50.3 Other comprehensive (loss) income before reclassifications (128.1 ) 8.7 (119.4 ) (0.1 ) (119.5 ) Less: amounts reclassified from AOCI to earnings — (6.0 ) (6.0 ) — (6.0 ) Other comprehensive (loss) income, net of tax (128.1 ) 14.7 (113.4 ) (0.1 ) (113.5 ) Balance at September 29, 2018 $ (66.9 ) $ 4.0 $ (62.9 ) $ (0.3 ) $ (63.2 ) _________________________ (1) Foreign currency translation gains and losses for the six months ended September 29, 2018 and September 30, 2017 include net gains of $8.4 million and net losses of $2.8 million , respectively, on intra-entity transactions that are of a long-term investment nature. Foreign currency translation losses for the six months ended September 29, 2018 include a $105.1 million translation loss relating to the newly acquired Jimmy Choo business and a $3.9 million gain, net of taxes of $0.7 million relating to the Company's net investment hedges. (2) Reclassified amounts relate to the Company’s forward foreign currency exchange contracts for inventory purchases and are recorded within cost of goods sold in the Company’s consolidated statements of operations and comprehensive income. Accumulated other comprehensive income related to net gains (losses) on derivative financial instruments as of September 29, 2018 and March 31, 2018 is net of a tax provision of $0.5 million and a tax benefit of $1.4 million , respectively. The amount reclassified from other comprehensive income (loss) for the six months ended September 29, 2018 is net of a tax benefit of $0.9 million . Other comprehensive income (loss) before reclassifications related to derivative financial instruments for the six months ended September 29, 2018 and September 30, 2017 is net of a tax provision of $1.0 million and $2.1 million , respectively. All other tax effects were not material for the periods presented.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Sep. 29, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation The Company issues equity grants to certain employees and directors of the Company at the discretion of the Company’s Compensation and Talent Committee. The Company has two equity plans, one adopted in Fiscal 2008, the Michael Kors (USA), Inc. Stock Option Plan (as amended and restated, the “2008 Plan”), and the other adopted in the third fiscal quarter of Fiscal 2012 and amended and restated with shareholder approval in May 2015, the Michael Kors Holdings Limited Amended and Restated Omnibus Incentive Plan (the “Incentive Plan”). The 2008 Plan only provided for grants of share options and was authorized to issue up to 23,980,823 ordinary shares. As of September 29, 2018 , there were no shares available to grant equity awards under the 2008 Plan. The Incentive Plan allows for grants of share options, restricted shares and restricted share units, and other equity awards, and authorizes a total issuance of up to 15,246,000 ordinary shares. At September 29, 2018 , there were 6,265,990 ordinary shares available for future grants of equity awards under the Incentive Plan. Option grants issued from the 2008 Plan generally expire ten years from the date of the grant, and those issued under the Incentive Plan generally expire seven years from the date of the grant. The following table summarizes the Company’s share-based compensation activity during the six months ended September 29, 2018 : Options Restricted Shares Service-Based RSUs Performance-Based RSUs Outstanding/Unvested at March 31, 2018 3,796,620 64,148 2,127,517 657,532 Granted 224,582 — 808,512 166,617 Exercised/Vested (1,521,633 ) (53,473 ) (590,765 ) (105,900 ) Decrease due to performance condition — — — (101,744 ) Canceled/forfeited (24,869 ) (429 ) (115,419 ) (29,477 ) Outstanding/Unvested at September 29, 2018 2,474,700 10,246 2,229,845 587,028 The weighted average grant date fair value for options granted during the six months ended September 29, 2018 and September 30, 2017 was $24.49 and $11.59 , respectively. The weighted average grant date fair value of service-based and performance-based RSUs granted during the six months ended September 29, 2018 was $67.39 and $ 67.52 , respectively, and $34.94 and $34.68 , respectively, during the six months ended September 30, 2017 . The Company uses the Black-Scholes valuation model to estimate the grant date fair value of its share option awards. The following table presents assumptions used to estimate the fair value of options granted during the six months ended September 29, 2018 and September 30, 2017 : Six Months Ended September 29, September 30, Expected dividend yield 0.0 % 0.0 % Volatility factor 36.9 % 36.3 % Weighted average risk-free interest rate 2.8 % 1.8 % Expected life of option 4.85 years 4.69 years Share-Based Compensation Expense The following table summarizes compensation expense attributable to share-based compensation for the three and six months ended September 29, 2018 and September 30, 2017 (in millions): Three Months Ended Six Months Ended September 29, September 30, September 29, September 30, Share-based compensation expense $ 13.6 $ 10.3 $ 26.4 $ 21.1 Tax benefit related to share-based compensation expense $ 2.8 $ 3.2 $ 5.0 $ 6.8 Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The Company estimates forfeitures based on its historical forfeiture rate to date. The estimated value of future forfeitures for equity grants as of September 29, 2018 is approximately $12.7 million . See Note 16 in the Company’s Fiscal 2018 Annual Report on Form 10-K for additional information relating to the Company’s share-based compensation awards.

Income Taxes

Income Taxes	6 Months Ended
	Sep. 29, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rates for the three and six months ended September 29, 2018 are 9.8% and 9.6% , respectively. Such rates differ from the United Kingdom (“U.K.”) federal statutory rate of 19% primarily due to the favorable effects of global financing arrangements and excess tax benefits related to share-based compensation awards. The global financing activities are related to the Company’s 2014 move of its principal executive office from Hong Kong to the U.K. and decision to become a U.K. tax resident. In connection with this decision, the Company funded its international growth strategy through intercompany debt financing arrangements between our U.S., U.K. and Switzerland subsidiaries in December 2015. Due to the difference in the statutory income tax rates between these jurisdictions, the Company realized a lower effective tax rate. The Company’s effective tax rates for the three and six months ended September 30, 2017 were 15.2% and 15.7% , respectively. As of September 29, 2018 and March 31, 2018, the Company has liabilities related to its uncertain tax positions, including accrued interest, of approximately $124.6 million and $107.4 million , respectively, which are included in other long-term liabilities in the Company’s consolidated balance sheets. The total amount of unrecognized tax benefits relating to the Company’s tax positions is subject to change based on future events including, but not limited to, the settlements of ongoing tax audits and assessments and the expiration of applicable statutes of limitations. The Company anticipates that the balance of gross unrecognized tax benefits, excluding interest and penalties, will be reduced by approximately $37.1 million during the next twelve months, primarily due to an anticipated tax ruling regarding the deductibility of certain capital losses and anticipated audit closures. The outcomes and timing of such events are highly uncertain and changes in the occurrence, expected outcomes and timing of such events could cause the Company’s current estimate to change materially in the future. U.S. Tax Reform On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act includes significant changes to the U.S. corporate income tax system including, among other things, lowering U.S. statutory federal tax rate and implementing a territorial tax system. The U.S. statutory federal tax rate has been decreased to 21% for Fiscal 2019 and thereafter. The Tax Act also added many new provisions, including changes to bonus depreciation, limits on the deductions for executive compensation and interest expense, a tax on global intangible low-taxed income, the base erosion anti-abuse tax and a deduction for foreign derived intangible income. In December 2017, the Securities and Exchange Commission issued Staff Accounting Bulletin (“SAB”) 118 to provide guidance for companies that would allow for a measurement period of up to one year after the enactment date of the Tax Act to finalize the recording of the related tax impacts. The final transition impacts of the Tax Act may differ from the above estimate, possibly materially, due to, among other things, changes in interpretations of the Tax Act, any legislative action to address questions that arise because of the Tax Act, or any changes in accounting standards for income taxes or related interpretations in response to the Tax Act. The Company’s estimates were provisional and subject to adjustment in Fiscal 2019 under the measurement period allowed by the SEC. The Company expects to finalize its accounting related to the impacts of the Tax Act on deferred taxes, valuation allowances, state tax considerations, and any remaining basis differences in its foreign subsidiaries when its income tax returns are finalized during the third quarter of Fiscal 2019. As the Company completes its analysis of the Tax Act, collects and prepares necessary data and interprets any additional guidance issued by the United States Department of the Treasury, the Internal Revenue Service and other standard-setting bodies, it may make adjustments during Fiscal 2019 to the provisional amounts recorded in Fiscal 2018.

Segment Information

Segment Information	6 Months Ended
	Sep. 29, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information The Company operates its business through four operating segments—MK Retail, MK Wholesale, MK Licensing and Jimmy Choo—which are based on its business activities and organization. The reportable segments are segments of the Company for which separate financial information is available and for which operating results are evaluated regularly by the Company’s chief operating decision maker in deciding how to allocate resources, as well as in assessing performance. The primary key performance indicators are revenue and operating income for each segment. The Company’s reportable segments represent channels of distribution that offer similar merchandise, customer experience and sales/marketing strategies. The Company’s four reportable segments are as follows: • MK Retail — segment includes sales through Michael Kors operated stores, including “Collection,” “Lifestyle” including “concessions,” and outlet stores located throughout the Americas (U.S., Canada and Latin America, excluding Brazil), Europe and certain parts of Asia, as well as Michael Kors e-commerce sales. Products sold through the MK Retail segment include women’s apparel, accessories (which include handbags and small leather goods such as wallets), men’s apparel, footwear and licensed products, such as watches, jewelry, fragrances and beauty, and eyewear. • MK Wholesale — segment includes sales primarily to major department stores and specialty shops throughout the Americas, Europe and Asia. Products sold through the MK Wholesale segment include accessories (which include handbags and small leather goods such as wallets), footwear and women’s and men’s apparel. The Company also has wholesale arrangements pursuant to which it sells products to Michael Kors geographic licensees in certain parts of EMEA and Asia, as well as in Brazil. • MK Licensing — segment includes royalties and other contributions earned on licensed products and use of the Michael Kors trademarks and rights granted to third parties for the right to operate retail stores and/or sell the Company’s products in certain geographic regions such as Brazil, the Middle East, South Africa, Eastern Europe, certain parts of Asia and Australia. • Jimmy Choo — segment includes revenue generated from sales of luxury footwear, handbags and small leather goods through directly operated Jimmy Choo stores throughout North America (United States and Canada), EMEA and certain parts of Asia, as well as through Jimmy Choo e-commerce sites. In addition, revenue is generated through wholesale sales to distribution partners (including geographic licensing arrangements), multi-brand department stores and specialty stores worldwide, as well as through product license agreements in connection with the manufacturing and sale of fragrance, sunglasses and eyewear. All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance. Corporate overhead expenses are allocated to the segments based upon revenue or other allocation methods. The following table presents the key performance information of the Company’s reportable segments (in millions): Three Months Ended Six Months Ended September 29, September 30, September 29, September 30, Total revenue: MK Retail $ 643.9 $ 645.0 $ 1,283.4 $ 1,264.9 MK Wholesale 457.8 463.6 820.6 767.2 MK Licensing 35.4 38.0 62.9 66.9 Michael Kors 1,137.1 1,146.6 2,166.9 2,099.0 Jimmy Choo 116.7 — 289.4 — Total revenue $ 1,253.8 $ 1,146.6 $ 2,456.3 $ 2,099.0 Income from operations: MK Retail $ 67.9 $ 69.0 $ 160.4 $ 161.2 MK Wholesale 130.1 119.6 227.6 163.1 MK Licensing 9.8 10.5 18.9 24.2 Michael Kors 207.8 199.1 406.9 348.5 Jimmy Choo (18.4 ) — (2.3 ) — Income from operations $ 189.4 $ 199.1 $ 404.6 $ 348.5 Depreciation and amortization expense for each segment are as follows (in millions): Three Months Ended Six Months Ended September 29, September 30, September 29, September 30, Depreciation and amortization: MK Retail $ 31.3 $ 33.1 $ 64.6 $ 65.1 MK Wholesale 12.7 14.6 26.5 29.6 MK Licensing 0.5 0.6 1.1 1.2 Michael Kors 44.5 48.3 92.2 95.9 Jimmy Choo 8.2 — 16.4 — Total depreciation and amortization $ 52.7 $ 48.3 $ 108.6 $ 95.9 During the three and six months ended September 29, 2018 , the Company recorded impairment charges relating to Michael Kors retail operations of $5.7 million and $10.0 million , respectively, and restructuring and other charges of $17.2 million and $28.5 million , respectively. During the three months ended September 29, 2018 , the Company recorded impairment charges relating to Jimmy Choo retail operations of $1.3 million and restructuring and other charges of $1.0 million . See Note 9 and 12 for additional information. During the three and six months ended September 30, 2017 , the Company recorded impairment charges of $16.3 million and restructuring and other charges of $22.0 million and $23.3 million relating to its Michael Kors retail operations. Total revenue (based on country of origin), and long-lived assets by geographic location are as follows (in millions): Three Months Ended Six Months Ended September 29, September 30, September 29, September 30, Total revenue: The Americas (U.S., Canada and Latin America) (1) $ 792.7 $ 751.9 $ 1,510.9 $ 1,386.0 EMEA 289.2 270.7 591.0 471.9 Asia 171.9 124.0 354.4 241.1 Total revenue $ 1,253.8 $ 1,146.6 $ 2,456.3 $ 2,099.0 As of September 29, March 31, Long-lived assets, excluding goodwill: The Americas (U.S., Canada and Latin America) (1) $ 311.6 $ 327.3 EMEA 965.4 1,050.3 Asia 433.6 441.3 Total long-lived assets, excluding goodwill $ 1,710.6 $ 1,818.9 _________________________ (1) Total revenue earned in the U.S. were $736.7 million and $1.405 billion for the three and six months ended September 29, 2018 and $694.0 million and $1.281 billion for the three and six months ended September 30, 2017 . Long-lived assets located in the U.S. as of September 29, 2018 and March 31, 2018 were $286.0 million and $303.3 million , respectively. The following table presents the Company’s goodwill by reportable segment (in millions): As of September 29, March 31, MK Retail $ 91.9 $ 91.9 MK Wholesale 25.9 25.9 MK Licensing 1.9 1.9 Jimmy Choo 677.2 728.0 Total goodwill $ 796.9 $ 847.7

Non-cash Investing Activities

Non-cash Investing Activities	6 Months Ended
	Sep. 29, 2018
Supplemental Cash Flow Elements [Abstract]
Non-cash Investing Activities	Non-cash Investing Activities Significant non-cash investing activities during the six months ended September 29, 2018 included a $30.4 million unrealized loss related to the forward foreign currency exchange derivative contracts entered into to mitigate the Company’s foreign currency exchange risk through the expected closing date of the announced Versace acquisition (see Note 13 for additional information). Significant non-cash investing activities during the six months ended September 30, 2017 included a $36.7 million unrealized gain related to a forward foreign currency exchange derivative contract to hedge the transaction price for the Jimmy Choo acquisition (see Note 4 and Note 13 for additional information). There were no other significant non-cash investing or financing activities during the fiscal periods presented.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 29, 2018
Accounting Policies [Abstract]
Consolidation	The interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) and include the accounts of the Company and its wholly-owned or controlled subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The interim consolidated financial statements as of September 29, 2018 and for the three and six months ended September 29, 2018 and September 30, 2017 are unaudited. In addition, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. The interim consolidated financial statements reflect all normal and recurring adjustments, which are, in the opinion of management, necessary for a fair presentation in conformity with U.S. GAAP. The interim consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto for the year ended March 31, 2018 , as filed with the Securities and Exchange Commission on May 30, 2018, in the Company’s Annual Report on Form 10-K. The results of operations for the interim periods should not be considered indicative of results to be expected for the full fiscal year.
Fiscal Period	The Company utilizes a 52 to 53 week fiscal year ending on the Saturday closest to March 31. As such, the term “Fiscal Year” or “Fiscal” refers to the 52-week or 53-week period, ending on that day. The results for the three and six months ended September 29, 2018 and September 30, 2017 , are based on 13-week and 26-week periods, respectively.
Use of Estimates	The preparation of financial statements in accordance with U.S. GAAP requires management to use judgment and make estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The level of uncertainty in estimates and assumptions increases with the length of time until the underlying transactions are completed. The most significant assumptions and estimates involved in preparing the financial statements include allowances for customer deductions, sales returns, sales discounts and doubtful accounts, estimates related to the Company’s customer loyalty program and gift card breakage, estimates of inventory recovery, the valuation of share-based compensation, valuation of deferred taxes and the valuation of and the estimated useful lives used for amortization and depreciation of intangible assets and property and equipment. Actual results could differ from those estimates.
Reclassifications	Certain reclassifications have been made to the prior periods’ financial information in order to conform to the current period’s presentation. The Company reclassified $16.1 million and $17.4 million , respectively, of transaction costs recorded during the three and six months ended September 30, 2017 , from selling, general and administrative expenses to restructuring and other charges in the Company’s consolidated statements of operations and comprehensive income.
Seasonality	The Company experiences certain effects of seasonality with respect to its business. The Company’s MK Retail segment generally experiences greater sales during its third fiscal quarter as a result of holiday season sales. The MK Wholesale segment generally experiences the lowest sales in its first fiscal quarter. The Jimmy Choo segment generally experiences greater sales during its first and third fiscal quarters, primarily driven by the product launch calendar and holiday season sales. In the aggregate, the Company’s first fiscal quarter typically experiences less sales volume relative to the other three quarters and its third fiscal quarter generally has higher sales volume relative to the other three quarters.
Derivative Financial Instruments	Forward Foreign Currency Exchange Contracts The Company uses forward currency exchange contracts to manage its exposure to fluctuations in foreign currency for certain transactions. The Company, in its normal course of business, enters into transactions with foreign suppliers and seeks to minimize risks related to these transactions. The Company employs these forward currency contracts to hedge the Company’s cash flows, as they relate to foreign currency transactions. Certain of these contracts are designated as hedges for accounting purposes, while others remain undesignated. All of the Company’s derivative instruments are recorded in the Company’s consolidated balance sheets at fair value on a gross basis, regardless of their hedge designation. In connection with the September 24, 2018 definitive agreement to acquire all of the outstanding shares of Versace, the Company entered into forward foreign currency exchange contracts with notional amounts totaling €1.680 billion (approximately $2.001 billion ) to mitigate its foreign currency exchange risk through the expected closing date of the acquisition, expected during the fourth quarter of Fiscal 2019. Likewise, in connection with the July 25, 2017 cash offer to acquire Jimmy Choo, the Company entered into a forward foreign currency exchange contract with a notional amount of £1.115 billion (approximately $1.469 billion ) to mitigate its foreign currency exchange risk through the expected closing date of the acquisition, which was terminated on October 30, 2017. These derivative contracts were not designated as accounting hedges. Therefore, changes in fair value are recorded to foreign currency (gain) loss in the Company’s consolidated statements of operations and comprehensive income. The Company’s accounting policy is to classify cash flows from derivative instruments that are accounted for as cash flow hedges in the same category as the cash flows from the items being hedged. Accordingly, the Company classified the unrealized gains and losses relating to these derivative instruments within cash flows from investing activities. The Company designates certain contracts related to the purchase of inventory that qualify for hedge accounting as cash flow hedges. Formal hedge documentation is prepared for all derivative instruments designated as hedges, including description of the hedged item and the hedging instrument and the risk being hedged. The changes in the fair value for contracts designated as cash flow hedges is recorded in equity as a component of accumulated other comprehensive income (loss) until the hedged item affects earnings. When the inventory related to forecasted inventory purchases that are being hedged is sold to a third party, the gains or losses deferred in accumulated other comprehensive income (loss) are recognized within cost of goods sold. The Company uses regression analysis to assess effectiveness of derivative instruments that are designated as hedges, which compares the change in the fair value of the derivative instrument to the change in the related hedged item. If the hedge is no longer expected to be highly effective in the future, future changes in the fair value are recognized in earnings. For those contracts that are not designated as hedges, changes in the fair value are recorded to foreign currency (gain) loss in the Company’s consolidated statements of operations and comprehensive income. The Company classifies cash flows relating to its forward foreign currency exchange contracts consistently with the classification of the hedged item, within cash flows from operating activities. The Company is exposed to the risk that counterparties to derivative contracts will fail to meet their contractual obligations. In order to mitigate counterparty credit risk, the Company only enters into contracts with carefully selected financial institutions based upon their credit ratings and certain other financial factors, adhering to established limits for credit exposure. The aforementioned forward contracts generally have a term of no more than 12 months . The period of these contracts is directly related to the foreign transaction they are intended to hedge. Net Investment Hedges The Company also uses fixed-to-fixed cross currency swap agreements to hedge its net investments in foreign operations against future volatility in the exchange rates between our U.S. Dollars and these foreign currencies. The Company has elected the spot method of designating these contracts under ASU 2017-12, as defined below, and has designated these contracts as net investment hedges. The net gain or loss on net investment hedged is reported within foreign currency translation gains and losses (“CTA”), as a component of accumulated other comprehensive income (loss) on the Company’s consolidated balance sheets. Interest accruals and coupon payments are recognized directly in interest expense in the Company’s statement of operations and comprehensive income. Upon discontinuation of a hedge, all previously recognized amounts remain in CTA until the hedged net investment is sold, diluted, or liquidated.
Net Income per Share	The Company’s basic net income per ordinary share is calculated by dividing net income by the weighted average number of ordinary shares outstanding during the period. Diluted net income per ordinary share reflects the potential dilution that would occur if share option grants or any other potentially dilutive instruments, including restricted shares and restricted share units (“RSUs”), were exercised or converted into ordinary shares. These potentially dilutive securities are included in diluted shares to the extent they are dilutive under the treasury stock method for the applicable periods. Performance-based RSUs are included in diluted shares if the related performance conditions are considered satisfied as of the end of the reporting period and to the extent they are dilutive under the treasury stock method.
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements Hedge Accounting On August 28, 2017, the FASB issued ASU 2017-12, “ Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. ” The new standard is intended to improve and simplify rules relating to hedge accounting, including the elimination of periodic hedge ineffectiveness, recognition and presentation of components excluded from hedge effectiveness assessment, the ability to elect to perform subsequent effectiveness assessments qualitatively, and other provisions designed to provide more transparency around the economics of a company’s hedging strategy. ASU 2017-12 is effective for the Company in Fiscal 2020, with early adoption permitted. The Company adopted ASU 2017-12 during the three months ended June 30, 2018, which resulted in a net increase to opening retained earnings of less than $0.1 million as of April 1, 2018, due to the elimination of ineffectiveness for cash flow hedges in effect as of the date of adoption. The Company has applied the spot method of designating its net investment hedges, which were executed during the six months ended September 29, 2018 . Revenue Recognition In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers (Topic 606) ,” which provides new guidance for revenues recognized from contracts with customers, requiring that revenue is recognized at an amount the Company is entitled to upon transferring control of goods or services to customers, as opposed to when risks and rewards transfer to a customer. In July 2015, ASU 2015-14, “ Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, ” deferred the effective date of ASU 2014-09 by one year, to interim reporting periods within the annual reporting period beginning after December 15, 2017, or the first quarter of the Company’s Fiscal 2019. This standard may be applied retrospectively to all prior periods presented, or retrospectively with a cumulative adjustment to retained earnings in the year of adoption (“modified retrospective method”). The FASB has issued several additional ASUs to provide implementation guidance on ASU 2014-09, including ASU 2016-20, “ Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers ” in December 2016; ASU 2016-12, “ Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients ” in May 2016; ASU 2016-10, “ Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing ” in April 2016; and ASU 2016-08, “ Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) ” in March 2016. The Company has considered this guidance in evaluating the impact of ASU 2014-09 (collectively, “ASC 606”). On April 1, 2018, the Company adopted ASC 606 using the modified retrospective method and recognized the $6.7 million (net of a tax of $1.7 million ) cumulative effect of adoption as an adjustment to the opening balance of retained earnings. The below table details the components of the cumulative adjustment recorded on April 1, 2018 (in millions): March 31, 2018 ASC 606 Adjustments April 1, 2018 Receivables, net $ 290.5 $ 3.8 (1) $ 294.3 Accrued expenses and other current liabilities 295.6 (4.6 ) (2) 291.0 Deferred tax liabilities 186.3 1.7 (3) 188.0 Retained earnings 4,152.0 6.7 4,158.7 _________________________ (1) Includes a $3.5 million adjustment related to product licensing revenue, which was previously recorded on a one-month lag and $0.3 million of guaranteed advertising minimums recognized by product licensees on a straight-line basis over the contract year. (2) Relates to recognition of breakage revenue associated with gift card liabilities not subject to escheatment. (3) Relates to income tax effect of the above adjustments. In addition, while the Company has previously recorded the right of return asset and liability on a gross basis, in connection with its adoption of ASC 606, it has reclassified the return liability of $16.3 million from receivables, net to accrued expenses and other current liabilities in its consolidated balance sheets as of September 29, 2018 . Otherwise, the adoption of this standard did not have a material impact on the Company's consolidated financial statements as of and for the three and six months ended September 29, 2018 , or any individual line items therein. See Note 3 for additional disclosures related to the Company’s revenue recognition accounting policy. Share-Based Compensation In May 2017, the FASB issued ASU 2017-09, “ Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting ”, which simplifies modification accounting for entities that change the terms or conditions of share-based awards. ASU 2017-09 was adopted during the first quarter of Fiscal 2019, as required, on a prospective basis. The adoption of this standard did not have an impact on the Company's consolidated financial statements. The Company will apply ASU 2017-09 to any future changes to the terms and conditions of its share-based compensation awards. Income Taxes In October 2016, the FASB issued ASU 2016-16, “ Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory ”, which requires recognition of income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The Company adopted ASU 2016-16 in the beginning of Fiscal 2019, as required, using the modified retrospective method. On April 1, 2018, the Company recorded the $4.9 million cumulative effect of adoption as an adjustment to the opening balance of retained earnings. Recently Issued Accounting Pronouncements We have considered all new accounting pronouncements and, other than the recent pronouncements discussed below, have concluded that there are no new pronouncements that may have a material impact on our results of operations, financial condition or cash flows based on current information. Lease Accounting In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842), ” which requires lessees to recognize a lease liability and a right-to-use asset on the balance sheet for all leases, except certain short-term leases. ASU 2016-02 is effective beginning with the Company’s Fiscal 2020, with early adoption permitted, and must be implemented using a modified retrospective approach for all leases existing at, or entered into after the beginning of the earliest comparative period that is presented in the financial statements. The Company is currently in the process of analyzing its lease portfolio and evaluating the impact of ASU 2016-02 on its consolidated financial statements. The Company expects that the adoption of this standard will result in a significant increase in assets and liabilities on its consolidated balance sheets. The FASB has issued several additional ASUs to provide implementation guidance relating to ASU No. 2016-02, including ASU No. 2018-01, “ Land Easement Practical Expedient for Transition to Topic 842 ” in January 2018, ASU No. 2018-10, “ Codification Improvements to Topic 842, Leases ” and ASU No. 2018-11, “ Leases (Topic 842): Targeted Improvements, ” both issued in July 2018. The Company will consider this guidance in evaluating the impact of ASU 2016-02. Intangibles In August 2018, the FASB issued ASU 2018-15, “ I ntangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, ” which reduces the complexity for the accounting for costs of implementing a cloud computing service arrangement. The standard aligns the accounting for capitalizing implementation costs of hosting arrangements, regardless of whether or not the contract conveys a license to the hosted software. ASU 2018-15 is effective beginning with the Company’s Fiscal 2021, with early adoption permitted, and can either be presented prospectively or retrospectively. The Company is currently evaluating the impact of ASU 2018-15 on its consolidated financial statements.
Revenue Recognition	The Company accounts for contracts with its customers when there is approval and commitment from both parties, the rights of the parties and payment terms have been identified, the contract has commercial substance and collectability of consideration is probable. Revenue is recognized when control of the promised goods or services is transferred to the Company's customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for goods or services. The Company sells its products through three primary channels of distribution: retail, wholesale and licensing. Within the retail and wholesale channels, substantially all of the Company’s revenues consist of sales of products that represent a single performance obligation, where control transfers at a point in time to the customer. For licensing arrangements, royalty and advertising revenue is recognized over time based on access provided to Michael Kors and Jimmy Choo trademarks. The Company has chosen to apply the practical expedient allowing it not to disclose the amount of the transaction price allocated to the remaining performance obligations that have an expected duration of twelve months or less. Retail Michael Kors generates sales through four primary retail store formats: “Collection” stores, “Lifestyle” stores, outlet stores and e-commerce. Michael Kors sells its own products and licensed products bearing the Michael Kors name, directly to the end consumer throughout the Americas (U.S., Canada and Latin America, excluding Brazil), Europe and certain parts of Asia. Jimmy Choo generates sales through directly operated stores and e-commerce throughout North America (United States and Canada), EMEA (Europe, Middle East, and Africa) and certain parts of Asia. In addition to these retail formats, the Company operates concessions in a select number of department stores. Retail revenue is recognized when control of the product is transferred at the point of sale at Company owned stores, including concessions. For e-commerce transactions, control is transferred when products are delivered to the customer, net of estimated returns. To arrive at net sales for retail, gross sales are reduced by actual customer returns, as well as by a provision for estimated future customer returns. Sales taxes collected from retail customers are presented on a net basis and, as such, are excluded from revenue. Shipping and handling costs that are billed to customers are included in net sales, with the related costs recorded in cost of goods sold. Shipping and handling costs that are not billed to customers are accounted for as fulfillment costs. Gift Cards. The Company sells gift cards that can be redeemed for merchandise, resulting in a contract liability recorded upon issuance. Revenue is recognized when the gift card is redeemed or upon “breakage” for the estimated portion of gift cards that are not expected to be redeemed. “Breakage” revenue is calculated under the proportional redemption methodology, which considers the historical patterns of redemption in jurisdictions where the Company is not required to remit the value of the unredeemed gift cards as unclaimed property. The Company anticipates that substantially all of its outstanding gift cards will be redeemed within the next twelve months. The contract liability related to gift cards, net of estimated “breakage,” was $10.6 million as of September 29, 2018 , and is included in accrued expenses and other current liabilities in the Company’s consolidated balance sheet. Loyalty Program . The Company offers a loyalty program, which allows its Michael Kors customers to earn points on qualifying purchases toward monetary and non-monetary rewards, which may be redeemed for purchases at Michael Kors retail stores and e-commerce sites. The Company defers a portion of the initial sales transaction based on the estimated relative fair value of the benefits based on projected timing of future redemptions and historical activity. These amounts include estimated “breakage” for points that are not expected to be redeemed. The contract liability, net of an estimated “breakage,” of $5.8 million as of September 29, 2018 is recorded as a reduction to revenue in the consolidated statements of income and comprehensive income and within accrued expenses and other current liabilities in the Company’s consolidated balance sheet and is expected to be recognized within the next twelve months. Wholesale Michael Kors products are sold primarily to major department stores, specialty stores and travel retail shops throughout the Americas, EMEA and Asia. Jimmy Choo luxury products are sold throughout North America, EMEA, and certain parts of Asia. The Company also has arrangements where Michael Kors and Jimmy Choo products are sold to our geographic licensees in certain parts of EMEA and Asia, as well as in Brazil. Products sold through the wholesale channel include accessories (which include handbags and small leather goods such as wallets), footwear and women’s and men’s apparel. Wholesale revenue is recognized net of estimates for sales returns, discounts, markdowns and allowances, after merchandise is shipped and control of the underlying product is transferred to the Company’s wholesale customers. To arrive at net sales for wholesale, gross sales are reduced by provisions for estimated future returns, as well as trade discounts, markdowns, allowances, operational chargebacks, and certain cooperative selling expenses. These estimates are developed based on the most likely amount using historical trends, actual and forecasted performance and market conditions, and are reviewed by management on a quarterly basis. Unfulfilled, noncancelable purchase orders for products from wholesale customers (including the Company’s geographic licensees) are expected to be fulfilled within the next twelve months. Licensing The Company provides its third-party licensees with the right to access its Michael Kors and Jimmy Choo trademarks under product and geographic licensing arrangements. Under product licensing arrangements, the Company allows third parties to manufacture and sell luxury goods, including watches and jewelry, fragrances, sunglasses and eyewear, using the Company’s trademarks. Under geographic licensing arrangements, third party licensees receive the right to distribute and sell products bearing the Company's trademarks in retail and/or wholesale channels within certain geographical areas, including Brazil, the Middle East, Eastern Europe, South Africa, certain parts of Asia and Australia. The Company recognizes royalty revenue and advertising contributions based on the percentage of sales made by the licensees. Advertising contributions are received to support the Company’s branded advertising and marketing campaigns and are viewed as part of a single performance obligation with the right to access the Company’s trademarks. Royalty revenue generated from licenses, which includes contributions for advertising, may be subject to contractual minimum levels, as defined in the contract. Such minimums are generally fixed annually, based on the previous year’s sales. Licensing revenue is based on reported current period sales of licensed products at rates that are specified in the license agreements for contracts that are expected to exceed the related guaranteed minimums. If the Company expects the minimum guaranteed amounts to exceed amounts calculated based on actual sales, the guaranteed minimums are recognized ratably over the contractual year to which they relate. As of September 29, 2018 , guaranteed minimum royalty amounts due from licensees relate to contractual periods that do not exceed twelve months. Sales Returns For the sale of goods with a right of return, the Company recognizes revenue for the consideration to which it expects to be entitled and a refund liability for the amount it expects to refund to its customers within accrued expenses and other current liabilities. The refund liability is determined based on the most likely amount and is based on management’s review of historical and current customer returns for its retail and wholesale customers, estimated future returns, adjusted for non-resalable products. The Company also considers its product strategies, as well as the financial condition of its customers, store closings by wholesale customers, changes in the retail environment and other macroeconomic factors. The Company recognizes an asset with a corresponding adjustment to cost of sales for the right to recover the products from its retail and wholesale customers, net of any costs to resell. The refund liability recorded as of September 29, 2018 was $25.9 million and the related asset for the right to recover returned product as of September 29, 2018 was $7.5 million .
Receivables, net	Receivables are presented net of allowances for discounts, markdowns, operational chargebacks and doubtful accounts. Discounts are based on open invoices where trade discounts have been extended to customers. Allowances are based on wholesale customers’ sales performance, seasonal negotiations with customers, historical deduction trends and an evaluation of current market conditions. Operational chargebacks are based on deductions taken by customers, net of expected recoveries. Such provisions, and related recoveries, are reflected in revenues. The Company’s allowance for doubtful accounts is determined through analysis of periodic aging of receivables that are not covered by insurance and assessments of collectability based on an evaluation of historic and anticipated trends, the financial condition of the Company’s customers and the impact of general economic conditions. The past due status of a receivable is based on its contractual terms. Amounts deemed uncollectible are written off against the allowance when it is probable the amounts will not be recovered.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Sep. 29, 2018
Accounting Policies [Abstract]
Components of Calculation of Basic Net Income Per Ordinary Share and Diluted Net Income Per Ordinary Share	The components of the calculation of basic net income per ordinary share and diluted net income per ordinary share are as follows (in millions, except share and per share data): Three Months Ended Six Months Ended September 29, September 30, September 29, September 30, Numerator: Net income attributable to MKHL $ 137.6 $ 202.9 $ 324.0 $ 328.4 Denominator: Basic weighted average shares 149,575,112 151,781,340 149,538,607 153,134,119 Weighted average dilutive share equivalents: Share options and restricted shares/units, and performance restricted share units 2,130,573 2,386,754 2,514,064 2,385,687 Diluted weighted average shares 151,705,685 154,168,094 152,052,671 155,519,806 Basic net income per share $ 0.92 $ 1.34 $ 2.17 $ 2.14 Diluted net income per share $ 0.91 $ 1.32 $ 2.13 $ 2.11
Schedule of Impact of Adoption of New Accounting Pronouncements	The below table details the components of the cumulative adjustment recorded on April 1, 2018 (in millions): March 31, 2018 ASC 606 Adjustments April 1, 2018 Receivables, net $ 290.5 $ 3.8 (1) $ 294.3 Accrued expenses and other current liabilities 295.6 (4.6 ) (2) 291.0 Deferred tax liabilities 186.3 1.7 (3) 188.0 Retained earnings 4,152.0 6.7 4,158.7 _________________________ (1) Includes a $3.5 million adjustment related to product licensing revenue, which was previously recorded on a one-month lag and $0.3 million of guaranteed advertising minimums recognized by product licensees on a straight-line basis over the contract year. (2) Relates to recognition of breakage revenue associated with gift card liabilities not subject to escheatment. (3) Relates to income tax effect of the above adjustments.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Sep. 29, 2018
Revenue from Contract with Customer [Abstract]
Schedule of Segment Revenues Disaggregated by Geographic Location	The following table presents the Company’s segment revenues disaggregated by geographic location (in millions): Three Months Ended Six Months Ended September 29, September 30, September 29, September 30, MK Retail revenue - the Americas $ 394.9 $ 385.5 $ 797.1 $ 777.6 MK Retail revenue - Europe 139.2 154.2 258.7 276.3 MK Retail revenue - Asia 109.8 105.3 227.6 211.0 Total MK Retail 643.9 645.0 1,283.4 1,264.9 MK Wholesale revenue - the Americas 354.3 340.4 629.4 567.6 MK Wholesale revenue - EMEA (1) 80.9 104.5 149.3 169.5 MK Wholesale revenue - Asia 22.6 18.7 41.9 30.1 Total MK Wholesale 457.8 463.6 820.6 767.2 MK Licensing revenue - the Americas 23.1 26.0 38.4 40.8 MK Licensing revenue - EMEA (1) 12.3 12.0 24.5 26.1 Total MK Licensing 35.4 38.0 62.9 66.9 Total Michael Kors 1,137.1 1,146.6 2,166.9 2,099.0 Jimmy Choo revenue - the Americas 20.4 — 46.0 — Jimmy Choo revenue - EMEA (1) 56.8 — 158.5 — Jimmy Choo revenue - Asia 39.5 — 84.9 — Total Jimmy Choo 116.7 — 289.4 — Total revenue - the Americas 792.7 751.9 1,510.9 1,386.0 Total revenue - EMEA (1) 289.2 270.7 591.0 471.9 Total revenue - Asia 171.9 124.0 354.4 241.1 Total revenue $ 1,253.8 $ 1,146.6 $ 2,456.3 $ 2,099.0 (1) EMEA is comprised of Europe, the Middle East and Africa.

Receivables, net (Tables)

Receivables, net (Tables)	6 Months Ended
	Sep. 29, 2018
Receivables [Abstract]
Receivables, net	Receivables, net, consist of (in millions): September 29, March 31, Trade receivables (1) $ 393.7 $ 383.3 Receivables due from licensees 34.1 15.8 427.8 399.1 Less: allowances (87.9 ) (108.6 ) $ 339.9 $ 290.5 (1) As of September 29, 2018 and March 31, 2018 , $305.2 million and $296.2 million , respectively, of trade receivables were insured.

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	6 Months Ended
	Sep. 29, 2018
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net, consists of (in millions): September 29, March 31, Leasehold improvements $ 551.9 $ 551.0 Computer equipment and software 270.4 266.3 Furniture and fixtures 269.4 270.9 In-store shops 268.0 273.9 Equipment 120.0 116.7 Building 50.2 51.6 Land 15.3 16.2 1,545.2 1,546.6 Less: accumulated depreciation and amortization (1,042.3 ) (1,001.6 ) 502.9 545.0 Construction-in-progress 49.1 38.2 $ 552.0 $ 583.2

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	6 Months Ended
	Sep. 29, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying Values of Intangible Assets	The following table details the carrying values of the Company’s intangible assets other than goodwill (in millions): September 29, March 31, Definite-lived intangible assets: Reacquired Rights $ 400.4 $ 400.4 Trademarks 23.0 23.0 Lease Rights 71.8 80.1 Customer Relationships 215.4 231.3 Total definite-lived intangible assets 710.6 734.8 Less: accumulated amortization (123.3 ) (113.2 ) Net definite-lived intangible assets 587.3 621.6 Indefinite-lived intangible assets: Jimmy Choo brand 571.3 614.1 Total intangible assets, excluding goodwill $ 1,158.6 $ 1,235.7 Goodwill $ 796.9 $ 847.7

Current Assets and Current Li_2

Current Assets and Current Liabilities (Tables)	6 Months Ended
	Sep. 29, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consist of the following (in millions): September 29, March 31, Prepaid taxes $ 126.9 $ 78.5 Prepaid rent 23.7 22.7 Leasehold incentive receivable 12.2 9.4 Prepaid insurance 5.1 1.5 Unrealized gains on forward foreign currency exchange contracts 4.3 — Prepaid duties — 7.0 Other 39.2 28.7 $ 211.4 $ 147.8
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consist of the following (in millions): September 29, March 31, Other taxes payable $ 60.8 $ 54.3 Accrued rent 39.8 34.5 Restructuring liability 35.2 44.8 Unrealized loss on forward foreign currency exchange contracts 30.8 7.7 Accrued advertising and marketing 30.6 22.6 Return liabilities 25.9 12.1 Accrued capital expenditures 23.1 26.4 Professional services 21.8 14.1 Gift cards and retail store credits 10.6 16.0 Accrued interest 8.4 8.7 Deferred income 6.0 4.3 Deferred loyalty program liabilities 5.8 2.2 Advance royalties 1.1 4.1 Other 45.9 43.8 $ 345.8 $ 295.6

Restructuring and Other Charg_2

Restructuring and Other Charges (Tables)	6 Months Ended
	Sep. 29, 2018
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Costs	The below table presents a summary of charges recorded in connection with this plan for the MK Retail segment and the Company’s remaining restructuring liability (in millions): Severance and benefit costs Lease-related costs Total Balance at March 31, 2018 $ 0.2 $ 44.6 $ 44.8 Additions charged to expense 0.3 5.1 5.4 Balance sheet reclassifications (1) — 1.1 1.1 Payments (0.1 ) (16.0 ) (16.1 ) Balance at September 29, 2018 $ 0.4 $ 34.8 $ 35.2 (1) Primarily consists of reclassification of deferred rent for locations subject to closure to a restructuring liability.

Debt Obligations (Tables)

Debt Obligations (Tables)	6 Months Ended
	Sep. 29, 2018
Debt Disclosure [Abstract]
Schedule of Debt Obligations	The following table presents the Company’s debt obligations (in millions): September 29, March 31, 4.000% Senior Notes due 2024 $ 450.0 $ 450.0 Revolving Credit Facilities 255.0 200.0 Term Loan 59.0 229.8 Other 0.9 0.9 Total debt 764.9 880.7 Less: Unamortized debt issuance costs 3.4 4.2 Less: Unamortized discount on long-term debt 1.9 2.1 Total carrying value of debt 759.6 874.4 Less: Short-term debt 255.0 200.0 Total long-term debt $ 504.6 $ 674.4

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Sep. 29, 2018
Fair Value Disclosures [Abstract]
Schedule of Contracts Measured and Recorded at Fair Value on Recurring and Categorized in Level 2 of Fair Value Hierarchy	All contracts are measured and recorded at fair value on a recurring basis and are categorized in Level 2 of the fair value hierarchy, as shown in the following table (in millions): Fair value at September 29, 2018 using: Fair value at March 31, 2018 using: Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Derivative assets: Forward foreign currency exchange contracts $ — $ 4.3 $ — $ — $ — $ — Net investment hedges — 6.2 — — — — Total derivative assets $ — $ 10.5 $ — $ — $ — $ — Derivative liabilities: Forward foreign currency exchange contracts $ — $ 30.8 $ — $ — $ 7.7 $ — Net investment hedges — 1.6 — — — — Total derivative liabilities $ — $ 32.4 $ — $ — $ 7.7 $ —
Fair Value Measurement of Long-term Debt	The following table summarizes the carrying values and estimated fair values of the Company’s short- and long-term debt, based on Level 2 measurements (in millions): September 29, 2018 March 31, 2018 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value 4.000% Senior Notes $ 444.9 $ 430.1 $ 444.5 $ 448.1 Term Loan $ 58.8 $ 59.4 $ 229.0 $ 231.2 Revolving Credit Facilities $ 255.0 $ 255.0 $ 200.0 $ 200.0
Schedule of Long-lived Assets, Nonrecurring	The following tables detail the carrying values and fair values of the Company’s long-lived assets that have been impaired (in millions): Three Months Ended Six Months Ended Carrying Value Prior to Impairment Fair Value Impairment Charge Carrying Value Prior to Impairment Fair Value Impairment Charge Fixed Assets $ 8.8 $ 3.1 $ 5.7 $ 14.2 $ 4.8 $ 9.4 Lease Rights 2.0 0.7 1.3 3.4 1.5 1.9 Total $ 10.8 $ 3.8 $ 7.0 $ 17.6 $ 6.3 $ 11.3 Three Months Ended Six Months Ended Carrying Value Prior to Impairment Fair Value Impairment Charge Carrying Value Prior to Impairment Fair Value Impairment Charge Fixed Assets $ 13.4 $ 1.5 $ 11.9 $ 13.4 $ 1.5 $ 11.9 Lease Rights 3.6 0.2 3.4 3.6 0.2 3.4 Customer Relationships 1.0 — 1.0 1.0 — 1.0 Total $ 18.0 $ 1.7 $ 16.3 $ 18.0 $ 1.7 $ 16.3

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Sep. 29, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Contracts Recorded on Gross Basis in Consolidated Balance Sheets	The following table details the fair value of the Company’s derivative contracts, which are recorded on a gross basis in the consolidated balance sheets as of September 29, 2018 and March 31, 2018 (in millions): Fair Values Notional Amounts Assets Liabilities September 29, March 31, September 29, March 31, September 29, March 31, Designated forward currency exchange contracts $ 139.4 $ 161.7 $ 4.3 (1) $ — $ 0.4 (2) $ 7.7 (2) Designated net investment hedge 434.0 — 6.2 (3) — 1.6 (4) — Total designated hedges $ 573.4 $ 161.7 $ 10.5 $ — $ 2.0 $ 7.7 Undesignated forward currency exchange contracts 2,000.8 — — — 30.4 (2) — Total $ 2,574.2 $ 161.7 $ 10.5 $ — $ 32.4 $ 7.7 ____________________________________ (1) Recorded within prepaid expenses and other current assets in the Company’s consolidated balance sheets. (2) Recorded within accrued expenses and other current liabilities in the Company’s consolidated balance sheets. (3) Recorded within other assets in the Company’s consolidated balance sheets. (4) Recorded within other long-term liabilities in the Company's consolidated balance sheets.
Schedule of Derivative Instruments on The Balance Sheets, Net Basis	The Company records and presents the fair values of all of its derivative assets and liabilities in its consolidated balance sheets on a gross basis, as shown in the above table. However, if the Company were to offset and record the asset and liability balances for its derivative instruments on a net basis in accordance with the terms of its master netting arrangements, which provide for the right to setoff amounts for similar transactions denominated in the same currencies, the resulting impact as of September 29, 2018 and March 31, 2018 would be as follows (in millions): Forward Currency Exchange Contracts Net Investment Hedges Acquisition Hedges September 29, March 31, September 29, March 31, September 29, March 31, Assets subject to master netting arrangements $ 4.3 $ — $ 6.2 $ — $ — $ — Liabilities subject to master netting arrangements $ 0.4 $ 7.7 $ 1.6 $ — $ 17.5 $ — Derivative assets, net $ 3.9 $ — $ 6.2 $ — $ — $ — Derivative liabilities, net $ — $ 7.7 $ 1.6 $ — $ 30.4 $ —
Summary of Impact of Effective Portion of Gains and Losses of Forward Contracts Designated as Hedges	The following table summarizes the pre-tax impact of the gains and losses on the Company’s designated forward foreign currency exchange contracts and net investment hedges (in millions): Three Months Ended Six Months Ended September 29, 2018 September 30, 2017 September 29, 2018 September 30, 2017 Pre-Tax Gains (Losses) Recognized in OCI Pre-Tax Loss Recognized in OCI Pre-Tax Gains Recognized in OCI Pre-Tax Loss Recognized in OCI Designated forward foreign currency exchange contracts $ 1.0 $ (6.0 ) $ 9.7 $ (15.3 ) Designated net investment hedges $ (0.2 ) $ — $ 4.6 $ — The following table summarizes the impact of the gains and losses within the consolidated statements of operations and comprehensive income related to the designated forward foreign currency exchange contracts for the three and six months ended September 29, 2018 and September 30, 2017 (in millions): Three Months Ended Pre-Tax (Gain) Loss Reclassified from Accumulated OCI Location of (Gain) Loss recognized Total Cost of Sales September 29, 2018 September 30, 2017 September 29, 2018 September 30, 2017 Designated forward currency exchange contracts $ 2.0 $ (1.3 ) Cost of Sales $ 490.7 $ 455.8 Six Months Ended Pre-Tax (Gain) Loss Reclassified from Accumulated OCI Location of (Gain) Loss recognized Total Cost of Sales September 29, 2018 September 30, 2017 September 29, 2018 September 30, 2017 Designated forward currency exchange contracts $ 6.9 $ (3.2 ) Cost of Sales $ 942.4 $ 833.5

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Sep. 29, 2018
Equity [Abstract]
Changes in Components of Accumulated Other Comprehensive Loss, Net of Taxes	The following table details changes in the components of accumulated other comprehensive income (loss) (“AOCI”), net of taxes for the six months ended September 29, 2018 and September 30, 2017 , respectively (in millions): Foreign Currency (1) Net Gains (Losses) on (2) Other Comprehensive (Loss) Income Attributable to MKHL Other Comprehensive (Loss) Income Attributable to Noncontrolling Interest Total Accumulated Other Comprehensive (Loss) Income Balance at April 1, 2017 $ (86.1 ) $ 5.5 $ (80.6 ) $ (0.3 ) $ (80.9 ) Other comprehensive income (loss) before reclassifications 37.1 (13.2 ) 23.9 — 23.9 Less: amounts reclassified from AOCI to earnings — 2.9 2.9 — 2.9 Other comprehensive income (loss), net of tax 37.1 (16.1 ) 21.0 — 21.0 Balance at September 30, 2017 $ (49.0 ) $ (10.6 ) $ (59.6 ) $ (0.3 ) $ (59.9 ) Balance at March 31, 2018 $ 61.2 $ (10.7 ) $ 50.5 $ (0.2 ) $ 50.3 Other comprehensive (loss) income before reclassifications (128.1 ) 8.7 (119.4 ) (0.1 ) (119.5 ) Less: amounts reclassified from AOCI to earnings — (6.0 ) (6.0 ) — (6.0 ) Other comprehensive (loss) income, net of tax (128.1 ) 14.7 (113.4 ) (0.1 ) (113.5 ) Balance at September 29, 2018 $ (66.9 ) $ 4.0 $ (62.9 ) $ (0.3 ) $ (63.2 ) _________________________ (1) Foreign currency translation gains and losses for the six months ended September 29, 2018 and September 30, 2017 include net gains of $8.4 million and net losses of $2.8 million , respectively, on intra-entity transactions that are of a long-term investment nature. Foreign currency translation losses for the six months ended September 29, 2018 include a $105.1 million translation loss relating to the newly acquired Jimmy Choo business and a $3.9 million gain, net of taxes of $0.7 million relating to the Company's net investment hedges. (2) Reclassified amounts relate to the Company’s forward foreign currency exchange contracts for inventory purchases and are recorded within cost of goods sold in the Company’s consolidated statements of operations and comprehensive income. Accumulated other comprehensive income related to net gains (losses) on derivative financial instruments as of September 29, 2018 and March 31, 2018 is net of a tax provision of $0.5 million and a tax benefit of $1.4 million , respectively. The amount reclassified from other comprehensive income (loss) for the six months ended September 29, 2018 is net of a tax benefit of $0.9 million . Other comprehensive income (loss) before reclassifications related to derivative financial instruments for the six months ended September 29, 2018 and September 30, 2017 is net of a tax provision of $1.0 million and $2.1 million , respectively. All other tax effects were not material for the periods presented.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Sep. 29, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation Activity	The following table summarizes the Company’s share-based compensation activity during the six months ended September 29, 2018 : Options Restricted Shares Service-Based RSUs Performance-Based RSUs Outstanding/Unvested at March 31, 2018 3,796,620 64,148 2,127,517 657,532 Granted 224,582 — 808,512 166,617 Exercised/Vested (1,521,633 ) (53,473 ) (590,765 ) (105,900 ) Decrease due to performance condition — — — (101,744 ) Canceled/forfeited (24,869 ) (429 ) (115,419 ) (29,477 ) Outstanding/Unvested at September 29, 2018 2,474,700 10,246 2,229,845 587,028
Assumptions Used to Estimate Fair Value of Options	The following table presents assumptions used to estimate the fair value of options granted during the six months ended September 29, 2018 and September 30, 2017 : Six Months Ended September 29, September 30, Expected dividend yield 0.0 % 0.0 % Volatility factor 36.9 % 36.3 % Weighted average risk-free interest rate 2.8 % 1.8 % Expected life of option 4.85 years 4.69 years
Summary of Compensation Expense Attributable to Share-Based Compensation	The following table summarizes compensation expense attributable to share-based compensation for the three and six months ended September 29, 2018 and September 30, 2017 (in millions): Three Months Ended Six Months Ended September 29, September 30, September 29, September 30, Share-based compensation expense $ 13.6 $ 10.3 $ 26.4 $ 21.1 Tax benefit related to share-based compensation expense $ 2.8 $ 3.2 $ 5.0 $ 6.8

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Sep. 29, 2018
Segment Reporting [Abstract]
Key Performance Information of Reportable Segments	The following table presents the key performance information of the Company’s reportable segments (in millions): Three Months Ended Six Months Ended September 29, September 30, September 29, September 30, Total revenue: MK Retail $ 643.9 $ 645.0 $ 1,283.4 $ 1,264.9 MK Wholesale 457.8 463.6 820.6 767.2 MK Licensing 35.4 38.0 62.9 66.9 Michael Kors 1,137.1 1,146.6 2,166.9 2,099.0 Jimmy Choo 116.7 — 289.4 — Total revenue $ 1,253.8 $ 1,146.6 $ 2,456.3 $ 2,099.0 Income from operations: MK Retail $ 67.9 $ 69.0 $ 160.4 $ 161.2 MK Wholesale 130.1 119.6 227.6 163.1 MK Licensing 9.8 10.5 18.9 24.2 Michael Kors 207.8 199.1 406.9 348.5 Jimmy Choo (18.4 ) — (2.3 ) — Income from operations $ 189.4 $ 199.1 $ 404.6 $ 348.5
Depreciation and Amortization Expense for Each Segment	Depreciation and amortization expense for each segment are as follows (in millions): Three Months Ended Six Months Ended September 29, September 30, September 29, September 30, Depreciation and amortization: MK Retail $ 31.3 $ 33.1 $ 64.6 $ 65.1 MK Wholesale 12.7 14.6 26.5 29.6 MK Licensing 0.5 0.6 1.1 1.2 Michael Kors 44.5 48.3 92.2 95.9 Jimmy Choo 8.2 — 16.4 — Total depreciation and amortization $ 52.7 $ 48.3 $ 108.6 $ 95.9
Total Revenue (as Recognized Based on Country of Origin)	Total revenue (based on country of origin), and long-lived assets by geographic location are as follows (in millions): Three Months Ended Six Months Ended September 29, September 30, September 29, September 30, Total revenue: The Americas (U.S., Canada and Latin America) (1) $ 792.7 $ 751.9 $ 1,510.9 $ 1,386.0 EMEA 289.2 270.7 591.0 471.9 Asia 171.9 124.0 354.4 241.1 Total revenue $ 1,253.8 $ 1,146.6 $ 2,456.3 $ 2,099.0 Total revenue earned in the U.S. were $736.7 million and $1.405 billion for the three and six months ended September 29, 2018 and $694.0 million and $1.281 billion for the three and six months ended September 30, 2017 . Long-lived assets located in the U.S. as of September 29, 2018 and March 31, 2018 were $286.0 million and $303.3 million , respectively.
Long-Lived Assets by Geographic Location	As of September 29, March 31, Long-lived assets, excluding goodwill: The Americas (U.S., Canada and Latin America) (1) $ 311.6 $ 327.3 EMEA 965.4 1,050.3 Asia 433.6 441.3 Total long-lived assets, excluding goodwill $ 1,710.6 $ 1,818.9 _________________________ (1) Total revenue earned in the U.S. were $736.7 million and $1.405 billion for the three and six months ended September 29, 2018 and $694.0 million and $1.281 billion for the three and six months ended September 30, 2017 . Long-lived assets located in the U.S. as of September 29, 2018 and March 31, 2018 were $286.0 million and $303.3 million , respectively.
Schedule of Goodwill by Segment	The following table presents the Company’s goodwill by reportable segment (in millions): As of September 29, March 31, MK Retail $ 91.9 $ 91.9 MK Wholesale 25.9 25.9 MK Licensing 1.9 1.9 Jimmy Choo 677.2 728.0 Total goodwill $ 796.9 $ 847.7

Business and Basis of Present_2

Business and Basis of Presentation - Additional Information (Details) € in Millions, $ in Millions	Sep. 24, 2018EUR (€)	Sep. 24, 2018USD ($)	Nov. 01, 2017USD ($)	Sep. 29, 2018Segment	Sep. 29, 2018Segment
Business Acquisition [Line Items]
Number of reportable segments | Segment				4	4
Gianni Versace S.p.A
Business Acquisition [Line Items]
Total transaction value in a business acquisition	€ 1,830	$ 2,120
Michael Kors Bidco | Subsidiaries | Jimmy Cho PLC
Business Acquisition [Line Items]
Total transaction value in a business acquisition | $			$ 1,447

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) $ in Millions	Apr. 01, 2018USD ($)	Sep. 29, 2018USD ($)shares	Sep. 30, 2017USD ($)shares	Sep. 29, 2018USD ($)shares	Sep. 30, 2017USD ($)shares	Sep. 25, 2018EUR (€)	Sep. 25, 2018USD ($)	Mar. 31, 2018USD ($)	Jul. 25, 2017GBP (£)	Jul. 25, 2017USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Notional amounts		$ 2,574.2		$ 2,574.2				$ 161.7
Anti-dilutive securities excluded from calculation of basic and diluted net income per ordinary share (in shares) | shares		680,869	2,782,083	664,633	2,633,955
Cumulative effect of new accounting principal in period of adoption								11.7
Return liabilities		$ 25.9		$ 25.9				12.1
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principal in period of adoption								11.7
Retained Earnings | ASU 2017-12
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principal in period of adoption	$ 0.1
Retained Earnings | ASU 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principal in period of adoption	6.7
Tax amount on cumulative effect of new accounting principal	1.7
Retained Earnings | ASU 2016-16
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principal in period of adoption	$ 4.9
Selling, general and administrative
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Prior period reclassification			$ (16.1)		$ (17.4)
Restructuring and other charges
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Prior period reclassification			$ 16.1		$ 17.4
Receivables, net | ASU 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Return liabilities		(16.3)		(16.3)
Accrued expenses and other current liabilities | ASU 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Return liabilities		16.3		$ 16.3
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Forward contracts term, maximum (no more than)				12 months
Not Designated as Hedging Instrument | Forward foreign currency exchange contracts
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Notional amounts		$ 2,000.8		$ 2,000.8				$ 0
Gianni Versace S.p.A | Not Designated as Hedging Instrument | Forward foreign currency exchange contracts
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Notional amounts						€ 1,680,000,000	$ 2,001
Jimmy Cho PLC | Not Designated as Hedging Instrument | Forward foreign currency exchange contracts
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Notional amounts									£ 1,115,000,000	$ 1,469

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Components of Calculation of Basic Net Income Per Ordinary Share and Diluted Net Income Per Ordinary Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Numerator:
Net income attributable to MKHL	$ 137.6	$ 202.9	$ 324	$ 328.4
Denominator:
Basic weighted average shares (in shares)	149,575,112	151,781,340	149,538,607	153,134,119
Weighted average dilutive share equivalents:
Share options, restricted shares/units, and performance restricted share units (in shares)	2,130,573	2,386,754	2,514,064	2,385,687
Diluted weighted average shares (in shares)	151,705,685	154,168,094	152,052,671	155,519,806
Basic net income per share (in dollars per share)	$ 0.92	$ 1.34	$ 2.17	$ 2.14
Diluted net income per share (in dollars per share)	$ 0.91	$ 1.32	$ 2.13	$ 2.11

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Impact on Financial Position from Adoption of ASC 606 (Details) - USD ($) $ in Millions	Sep. 29, 2018	Apr. 01, 2018	Mar. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Receivables, net	$ 339.9	$ 294.3	$ 290.5
Accrued expenses and other current liabilities	345.8	291	295.6
Deferred tax liabilities	181.5	188	186.3
Retained earnings	$ 4,487.7	4,158.7	4,152
As Reported under ASC 605
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Receivables, net			290.5
Accrued expenses and other current liabilities			295.6
Deferred tax liabilities			186.3
Retained earnings			$ 4,152
ASU 2014-09 | ASC 606 Adjustments
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Receivables, net		3.8
Accrued expenses and other current liabilities		(4.6)
Deferred tax liabilities		1.7
Retained earnings		6.7
ASU 2014-09 | Product licensing revenue | ASC 606 Adjustments
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Receivables, net		3.5
ASU 2014-09 | Guaranteed advertising minimums | ASC 606 Adjustments
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Receivables, net		$ 0.3

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details)	Apr. 01, 2018USD ($)	Sep. 29, 2018USD ($)store_format	Sep. 29, 2018USD ($)store_format	Mar. 31, 2018USD ($)
Contract With Customer, Asset And Liability [Line Items]
Number Of Retail Store Formats | store_format		4	4
Return liabilities		$ 25,900,000	$ 25,900,000	$ 12,100,000
Right to recover returned product		7,500,000	7,500,000
Contract with customer liability		17,500,000	17,500,000	23,300,000
Gift card breakage recognized to revenue	$ 4,600,000
Revenue recognized during period		3,200,000	11,300,000
Contract assets	$ 0	0	0
Gift Cards
Contract With Customer, Asset And Liability [Line Items]
Contract with customer liability		10,600,000	10,600,000
Loyalty Program
Contract With Customer, Asset And Liability [Line Items]
Contract with customer liability		$ 5,800,000	$ 5,800,000	$ 2,200,000

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Revenue Disaggregation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Disaggregation of Revenue [Line Items]
Total revenue	$ 1,253.8	$ 1,146.6	$ 2,456.3	$ 2,099
The Americas
Disaggregation of Revenue [Line Items]
Total revenue	792.7	751.9	1,510.9	1,386
EMEA
Disaggregation of Revenue [Line Items]
Total revenue	289.2	270.7	591	471.9
Asia
Disaggregation of Revenue [Line Items]
Total revenue	171.9	124	354.4	241.1
MK Retail
Disaggregation of Revenue [Line Items]
Total revenue	643.9	645	1,283.4	1,264.9
MK Retail | The Americas
Disaggregation of Revenue [Line Items]
Total revenue	394.9	385.5	797.1	777.6
MK Retail | Europe
Disaggregation of Revenue [Line Items]
Total revenue	139.2	154.2	258.7	276.3
MK Retail | Asia
Disaggregation of Revenue [Line Items]
Total revenue	109.8	105.3	227.6	211
MK Wholesale
Disaggregation of Revenue [Line Items]
Total revenue	457.8	463.6	820.6	767.2
MK Wholesale | The Americas
Disaggregation of Revenue [Line Items]
Total revenue	354.3	340.4	629.4	567.6
MK Wholesale | EMEA
Disaggregation of Revenue [Line Items]
Total revenue	80.9	104.5	149.3	169.5
MK Wholesale | Asia
Disaggregation of Revenue [Line Items]
Total revenue	22.6	18.7	41.9	30.1
MK Licensing
Disaggregation of Revenue [Line Items]
Total revenue	35.4	38	62.9	66.9
MK Licensing | The Americas
Disaggregation of Revenue [Line Items]
Total revenue	23.1	26	38.4	40.8
MK Licensing | EMEA
Disaggregation of Revenue [Line Items]
Total revenue	12.3	12	24.5	26.1
Michael Kors
Disaggregation of Revenue [Line Items]
Total revenue	1,137.1	1,146.6	2,166.9	2,099
Jimmy Choo
Disaggregation of Revenue [Line Items]
Total revenue	116.7	0	289.4	0
Jimmy Choo | The Americas
Disaggregation of Revenue [Line Items]
Total revenue	20.4	0	46	0
Jimmy Choo | EMEA
Disaggregation of Revenue [Line Items]
Total revenue	56.8	0	158.5	0
Jimmy Choo | Asia
Disaggregation of Revenue [Line Items]
Total revenue	$ 39.5	$ 0	$ 84.9	$ 0

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details)	Nov. 01, 2017USD ($)	Sep. 29, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 29, 2018USD ($)	Sep. 30, 2017USD ($)	Nov. 01, 2017£ / shares
Business Acquisition [Line Items]
Total revenue		$ 1,253,800,000	$ 1,146,600,000	$ 2,456,300,000	$ 2,099,000,000
Net loss		(137,600,000)	(202,900,000)	(324,000,000)	(328,400,000)
Michael Kors Bidco | Subsidiaries | Jimmy Cho PLC
Business Acquisition [Line Items]
Purchase price per share (in gbp per share) | £ / shares						£ 2.30
Total transaction value in a business acquisition	$ 1,447,000,000
Jimmy Choo
Business Acquisition [Line Items]
Total revenue		116,700,000	$ 0	289,400,000	$ 0
Net loss		$ 16,200,000		$ 3,000,000
Term Loan Facility | Unsecured debt
Business Acquisition [Line Items]
Aggregate principal amount	$ 1,000,000,000

Receivables, net - Schedule of

Receivables, net - Schedule of Receivables (Details) - USD ($) $ in Millions	Sep. 29, 2018	Apr. 01, 2018	Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables	$ 393.7		$ 383.3
Receivables due from licensees	34.1		15.8
Receivables, gross	427.8		399.1
Less: allowances	(87.9)		(108.6)
Receivables, net	339.9	$ 294.3	290.5
Credit risk assumed by insured
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables	$ 305.2		$ 296.2

Receivables, net - Additional I

Receivables, net - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Mar. 31, 2018
Receivables [Abstract]
Allowance for doubtful accounts	$ 5.1		$ 5.1		$ 5.1
Bad debt expense	$ 0.4	$ 3.8	$ 1	$ 4.4

Property and Equipment, net - S

Property and Equipment, net - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Millions	Sep. 29, 2018	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Leasehold improvements	$ 551.9	$ 551
Computer equipment and software	270.4	266.3
Furniture and fixtures	269.4	270.9
In-store shops	268	273.9
Equipment	120	116.7
Building	50.2	51.6
Land	15.3	16.2
Property and equipment, gross	1,545.2	1,546.6
Less: accumulated depreciation and amortization	(1,042.3)	(1,001.6)
Property and equipment, net (excluding construction-in-progress)	502.9	545
Construction-in-progress	49.1	38.2
Property and equipment, net	$ 552	$ 583.2

Property and Equipment, net - A

Property and Equipment, net - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Depreciation and amortization of property and equipment	$ 44.6	$ 43.3	$ 92	$ 85.8
Property, Plant and Equipment [Line Items]
Impairment Charge	5.7		9.4
MK Retail
Property, Plant and Equipment [Line Items]
Impairment Charge	4.4	$ 11.9	$ 8.1	$ 11.9
Jimmy Choo
Property, Plant and Equipment [Line Items]
Impairment Charge	$ 1.3

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill - Carrying Values of Finite-Lived Intangible Assets (Details) - USD ($) $ in Millions	Sep. 29, 2018	Mar. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 710.6	$ 734.8
Accumulated Amortization	(123.3)	(113.2)
Net	587.3	621.6
Indefinite-lived intangible assets	571.3	614.1
Total intangible assets, excluding goodwill	1,158.6	1,235.7
Goodwill	796.9	847.7
Reacquired rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	400.4	400.4
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	23	23
Lease rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	71.8	80.1
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 215.4	$ 231.3

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 8,100,000	$ 5,000,000	$ 16,600,000	$ 10,100,000
Impairment of intangible assets	1,300,000	4,400,000	1,900,000	4,400,000
Goodwill impairment charges	$ 0	$ 0	$ 0	$ 0

Current Assets and Current Li_3

Current Assets and Current Liabilities - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Millions	Sep. 29, 2018	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prepaid taxes	$ 126.9	$ 78.5
Prepaid rent	23.7	22.7
Leasehold incentive receivable	12.2	9.4
Prepaid insurance	5.1	1.5
Unrealized gains on forward foreign currency exchange contracts	4.3	0
Prepaid duties	0	7
Other	39.2	28.7
Prepaid expenses and other current assets	$ 211.4	$ 147.8

Current Assets and Current Li_4

Current Assets and Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Millions	Sep. 29, 2018	Apr. 01, 2018	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other taxes payable	$ 60.8		$ 54.3
Unrealized loss on forward foreign currency exchange contracts	39.8		34.5
Restructuring liability	35.2		44.8
Unrealized loss on forward foreign currency exchange contracts	30.8		7.7
Accrued advertising and marketing	30.6		22.6
Return liabilities	25.9		12.1
Accrued capital expenditures	23.1		26.4
Professional services	21.8		14.1
Contract With Customer, Asset And Liability [Line Items]
Contract with customer liability	17.5		23.3
Accrued interest	8.4		8.7
Deferred income	6		4.3
Advance royalties	1.1		4.1
Other	45.9		43.8
Accrued expenses and other current liabilities	345.8	$ 291	295.6
Gift cards and retail store credits
Contract With Customer, Asset And Liability [Line Items]
Contract with customer liability	10.6		16
Loyalty Program
Contract With Customer, Asset And Liability [Line Items]
Contract with customer liability	$ 5.8		$ 2.2

Restructuring and Other Charg_3

Restructuring and Other Charges - Narrative (Details) $ in Millions		May 31, 2017USD ($)Store	Sep. 29, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 29, 2018USD ($)Store	Sep. 30, 2017USD ($)	Sep. 29, 2018Store
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other charges	[1]		$ 18.2	$ 22	$ 29.5	$ 23.3
Transaction and transition costs			16		23.1
Jimmy Cho PLC
Restructuring Cost and Reserve [Line Items]
Integration costs			6.8		13.9
Transaction costs				16.1		17.4
Gianni Versace S.p.A
Restructuring Cost and Reserve [Line Items]
Integration costs			2.7		2.7
Transaction costs			6.5		$ 6.5
Retail Fleet Optimization Plan
Restructuring Cost and Reserve [Line Items]
Anticipated annual savings		$ 60
Number of store closed | Store					19		66
Restructuring charges and other charges			1.2	5.9	$ 5.4	5.9
Retail Fleet Optimization Plan | Minimum
Restructuring Cost and Reserve [Line Items]
Number of stores expected to close | Store		100
Expected restructuring charges		$ 100
Retail Fleet Optimization Plan | Maximum
Restructuring Cost and Reserve [Line Items]
Number of stores expected to close | Store		125
Expected restructuring charges		$ 125
Jimmy Choo
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other charges	[1]		1
Lease-related costs | Retail Fleet Optimization Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other charges				5.3	5.1	5.3
Lease-related costs | Jimmy Choo
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other charges			$ 1		1
Severance and benefit costs | Retail Fleet Optimization Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges and other charges				$ 0.6	$ 0.3	$ 0.6
[1]	Restructuring and other charges includes store closure costs recorded in connection with the Retail Fleet Optimization Plan and other restructuring initiatives, transition costs recorded in connection with the acquisition of Jimmy Choo Group Limited and transaction and transition costs recorded in connection with the Company’s agreement to acquire Gianni Versace S.p.A. (see Note 1, Note 4 and Note 9).

Restructuring and Other Charg_4

Restructuring and Other Charges - Schedule of Restructuring and Related Costs (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Restructuring Cost and Reserve [Line Items]
Balance at March 31, 2018				$ 44.8
Additions charged to expense	[1]	$ 18.2	$ 22	29.5	$ 23.3
Balance at September 29, 2018		35.2		35.2
Retail Fleet Optimization Plan
Restructuring Cost and Reserve [Line Items]
Balance at March 31, 2018				44.8
Additions charged to expense		1.2	5.9	5.4	5.9
Balance sheet reclassifications				1.1
Payments				(16.1)
Balance at September 29, 2018		35.2		35.2
Severance and benefit costs | Retail Fleet Optimization Plan
Restructuring Cost and Reserve [Line Items]
Balance at March 31, 2018				0.2
Additions charged to expense			0.6	0.3	0.6
Balance sheet reclassifications				0
Payments				(0.1)
Balance at September 29, 2018		0.4		0.4
Lease-related costs | Retail Fleet Optimization Plan
Restructuring Cost and Reserve [Line Items]
Balance at March 31, 2018				44.6
Additions charged to expense			$ 5.3	5.1	$ 5.3
Balance sheet reclassifications				1.1
Payments				(16)
Balance at September 29, 2018		$ 34.8		$ 34.8
[1]	Restructuring and other charges includes store closure costs recorded in connection with the Retail Fleet Optimization Plan and other restructuring initiatives, transition costs recorded in connection with the acquisition of Jimmy Choo Group Limited and transaction and transition costs recorded in connection with the Company’s agreement to acquire Gianni Versace S.p.A. (see Note 1, Note 4 and Note 9).

Debt Obligations - Schedule of

Debt Obligations - Schedule of Debt Obligations (Details) - USD ($) $ in Millions	Sep. 29, 2018	Mar. 31, 2018
Debt Instrument [Line Items]
Total debt	$ 764.9	$ 880.7
Less: Unamortized debt issuance costs	3.4	4.2
Less: Unamortized discount on long-term debt	1.9	2.1
Total carrying value of debt	759.6	874.4
Less: Short-term debt	255	200
Long-term debt	504.6	674.4
4.000% Senior Notes
Debt Instrument [Line Items]
Total debt	$ 450	450
Stated interest rate percentage	4.00%
Revolving Credit Facility
Debt Instrument [Line Items]
Total debt	$ 255	200
Term Loan
Debt Instrument [Line Items]
Total debt	59	229.8
Other
Debt Instrument [Line Items]
Total debt	$ 0.9	$ 0.9

Debt Obligations - Senior Unsec

Debt Obligations - Senior Unsecured Revolving Credit Facility (Details)	3 Months Ended
	Dec. 29, 2018USD ($)	Sep. 29, 2018USD ($)	Mar. 31, 2018USD ($)	Aug. 22, 2017
Debt Instrument [Line Items]
Total debt		$ 764,900,000	$ 880,700,000
Short-term debt		255,000,000	200,000,000
Revolving Credit Facilities
Debt Instrument [Line Items]
Total debt		255,000,000	200,000,000
Term Loan
Debt Instrument [Line Items]
Total debt		59,000,000	229,800,000
Senior Unsecured Revolving Credit Facility | Revolving Credit Facilities | 2017 Credit Facility
Debt Instrument [Line Items]
Adjusted leverage ratio (no greater than)				3.5
Total debt		255,000,000	$ 200,000,000
Letter of credit outstanding		16,100,000
Amount available for future borrowings		$ 728,900,000
Forecast | Term Loan
Debt Instrument [Line Items]
Repayments of debt	$ 59,000,000

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Contracts Measured and Recorded at Fair Value on Recurring and Categorized in Level 2 of Fair Value Hierarchy (Details) - USD ($) $ in Millions	Sep. 29, 2018	Mar. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	$ 10.5	$ 0
Derivative liabilities	32.4	7.7
Fair value, measurements, recurring | Quoted prices in active markets for identical assets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Fair value, measurements, recurring | Significant other observable inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	10.5	0
Derivative liabilities	32.4	7.7
Fair value, measurements, recurring | Significant unobservable inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Forward foreign currency exchange contracts | Fair value, measurements, recurring | Quoted prices in active markets for identical assets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Forward foreign currency exchange contracts | Fair value, measurements, recurring | Significant other observable inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	4.3	0
Derivative liabilities	30.8	7.7
Forward foreign currency exchange contracts | Fair value, measurements, recurring | Significant unobservable inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Net investment hedges | Fair value, measurements, recurring | Quoted prices in active markets for identical assets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Net investment hedges | Fair value, measurements, recurring | Significant other observable inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	6.2	0
Derivative liabilities	1.6	0
Net investment hedges | Fair value, measurements, recurring | Significant unobservable inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	0	0
Derivative liabilities	$ 0	$ 0

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Fair Value Measurement of Long-term Debt (Details) - USD ($) $ in Millions	Sep. 29, 2018	Mar. 31, 2018
4.000% Senior Notes | Carrying Value Prior to Impairment
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value disclosure	$ 444.9	$ 444.5
4.000% Senior Notes | Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value disclosure	430.1	448.1
Term Loan | Carrying Value Prior to Impairment
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value disclosure	58.8	229
Term Loan | Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value disclosure	59.4	231.2
Revolving Credit Facilities | Carrying Value Prior to Impairment
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value disclosure	255	200
Revolving Credit Facilities | Level 2 | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value disclosure	$ 255	$ 200

Fair Value Measurements - Sch_3

Fair Value Measurements - Schedule of Impaired Long-lived Assets Carrying Value and Fair Value (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment Charge	$ 5.7		$ 9.4
Significant unobservable inputs (Level 3) | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value Prior to Impairment	10.8	$ 18	17.6	$ 18
Fair Value	3.8	1.7	6.3	1.7
Impairment Charge	7	16.3	11.3	16.3
Fixed Assets | Significant unobservable inputs (Level 3) | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value Prior to Impairment	8.8	13.4	14.2	13.4
Fair Value	3.1	1.5	4.8	1.5
Impairment Charge	5.7	11.9	9.4	11.9
Leasing rights | Lease Rights | Significant unobservable inputs (Level 3) | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value Prior to Impairment	2	3.6	3.4	3.6
Fair Value	0.7	0.2	1.5	0.2
Impairment Charge	$ 1.3	3.4	$ 1.9	3.4
Customer relationships | Lease Rights | Significant unobservable inputs (Level 3) | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value Prior to Impairment		1		1
Fair Value		0		0
Impairment Charge		$ 1		$ 1

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 29, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 25, 2018EUR (€)	Sep. 25, 2018USD ($)	Mar. 31, 2018USD ($)	Jul. 25, 2017GBP (£)	Jul. 25, 2017USD ($)
Derivative [Line Items]
Notional amounts	$ 2,574.2		$ 2,574.2				$ 161.7
Unrealized gain (loss) on forward currency exchange	(30.4)	$ 36.7	(30.4)	$ 36.7
Designated as Hedging Instrument
Derivative [Line Items]
Notional amounts	573.4		573.4				161.7
Forward foreign currency exchange contracts | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amounts	2,000.8		2,000.8				0
Foreign Currency Gain (Loss) | Forward foreign currency exchange contracts | Not Designated as Hedging Instrument
Derivative [Line Items]
Net gains (losses) on undesignated derivative contracts	(30)	$ 36.6	(28.9)	$ 35.2
Gianni Versace S.p.A | Forward foreign currency exchange contracts | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amounts					€ 1,680,000,000	$ 2,001
Jimmy Cho PLC | Forward foreign currency exchange contracts | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amounts								£ 1,115,000,000	$ 1,469
Japan, Yen | Net investment hedges | Designated as Hedging Instrument
Derivative [Line Items]
Notional amounts	44		44
Net investment hedging | Net investment hedges | Designated as Hedging Instrument
Derivative [Line Items]
Notional amounts	434		434				$ 0
Reduction in interest expense	2.5		3.9
Net investment hedging | Euro | Net investment hedges | Designated as Hedging Instrument
Derivative [Line Items]
Notional amounts	$ 390		$ 390
Derivative fixed interest rate	1.585%		1.585%
Net investment hedging | Japan, Yen | Net investment hedges | Designated as Hedging Instrument
Derivative [Line Items]
Derivative fixed interest rate	0.89%		0.89%
Net investment hedging | US Dollars | Net investment hedges | Designated as Hedging Instrument
Derivative [Line Items]
Derivative fixed interest rate	1.472%		1.472%

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Fair Value of Derivative Contracts Recorded on Gross Basis in Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Sep. 29, 2018	Mar. 31, 2018
Derivatives, Fair Value [Line Items]
Notional Amounts	$ 2,574.2	$ 161.7
Forward foreign currency exchange contracts - Assets	10.5	0
Forward foreign currency exchange contracts - Liabilities	32.4	7.7
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional Amounts	573.4	161.7
Forward foreign currency exchange contracts - Assets	10.5	0
Forward foreign currency exchange contracts - Liabilities	2	7.7
Not Designated as Hedging Instrument | Forward foreign currency exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amounts	2,000.8	0
Forward foreign currency exchange contracts - Assets	0	0
Forward foreign currency exchange contracts - Liabilities	30.4	0
Cash flow hedging | Designated as Hedging Instrument | Forward foreign currency exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amounts	139.4	161.7
Forward foreign currency exchange contracts - Assets	4.3	0
Forward foreign currency exchange contracts - Liabilities	0.4	7.7
Net investment hedging | Designated as Hedging Instrument | Net investment hedges
Derivatives, Fair Value [Line Items]
Notional Amounts	434	0
Forward foreign currency exchange contracts - Assets	6.2	0
Forward foreign currency exchange contracts - Liabilities	$ 1.6	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments - Fair Values of Derivative Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 29, 2018	Mar. 31, 2018
Forward foreign currency exchange contracts
Derivative [Line Items]
Assets subject to master netting arrangements	$ 0	$ 0
Liabilities subject to master netting arrangements	17.5	0
Derivative assets, net	0	0
Derivative liabilities, net	30.4	0
Cash flow hedging | Forward foreign currency exchange contracts
Derivative [Line Items]
Assets subject to master netting arrangements	4.3	0
Liabilities subject to master netting arrangements	0.4	7.7
Derivative assets, net	3.9	0
Derivative liabilities, net	0	7.7
Net investment hedging | Net investment hedges
Derivative [Line Items]
Assets subject to master netting arrangements	6.2	0
Liabilities subject to master netting arrangements	1.6	0
Derivative assets, net	6.2	0
Derivative liabilities, net	$ 1.6	$ 0

Derivative Financial Instrume_6

Derivative Financial Instruments - Summary of Pre-tax Impact of Gains (Losses) on Derivative (Details) - Designated as Hedging Instrument - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Forward foreign currency exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Pre-Tax Gain (Loss) Recognized in OCI (Effective Portion)	$ 1	$ (6)	$ 9.7	$ (15.3)
Net investment hedges
Derivative Instruments, Gain (Loss) [Line Items]
Pre-Tax Gain (Loss) Recognized in OCI (Effective Portion)	$ (0.2)	$ 0	$ 4.6	$ 0

Derivative Financial Instrume_7

Derivative Financial Instruments - Summary of Pretax Impact of Gain (Loss) Reclassified from AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Cost of goods sold	$ 490.7	$ 455.8	$ 942.4	$ 833.5
Forward foreign currency exchange contracts | Cost of sales | Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Pre-Tax (Gain) Loss Reclassified from Accumulated OCI	$ 2	$ (1.3)	$ 6.9	$ (3.2)

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Details) - USD ($)	6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Equity, Class of Treasury Stock [Line Items]
Ordinary shares repurchased, value	$ 107,100,000
Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Ordinary shares repurchased (in shares)	1,659,941	4,543,500
Ordinary shares repurchased, value	$ 100,000,000	$ 157,800,000
Share repurchase program, authorized amount	1,000,000,000
Ordinary shares repurchased, remaining availability	$ 542,200,000
Withhold to Cover Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Ordinary shares repurchased (in shares)	106,002	91,122
Ordinary shares repurchased, value	$ 7,100,000	$ 3,100,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Changes in Components of Accumulated Other Comprehensive Income, Net of Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Mar. 31, 2018
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			$ 2,021.5
Other comprehensive (loss) income, net of tax			(113.5)
Ending balance	$ 2,183.3		2,183.3
Foreign currency translation loss	25.2	$ (15)	128.2	$ (37.1)
Foreign Currency Translation (Losses) Gains
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			61.2	(86.1)
Other comprehensive (loss) income before reclassifications			(128.1)	37.1
Less: amounts reclassified from AOCI to earnings			0	0
Other comprehensive (loss) income, net of tax			(128.1)	37.1
Ending balance	(66.9)	(49)	(66.9)	(49)
Net gain (loss) on long-term transactions			8.4	(2.8)
Gain related to net investment hedges	3.9		3.9
Taxes related to the gain on net investment hedges			0.7
Net Gains (Losses) on Derivatives
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			(10.7)	5.5
Other comprehensive (loss) income before reclassifications			8.7	(13.2)
Less: amounts reclassified from AOCI to earnings			(6)	2.9
Other comprehensive (loss) income, net of tax			14.7	(16.1)
Ending balance	4	(10.6)	4	(10.6)
Accumulated other comprehensive income, tax provision (benefit)	0.5		0.5		$ (1.4)
Tax benefit of amount reclassified from AOCI			0.9
Other comprehensive income (loss) before reclassifications, tax provision			1	2.1
Other Comprehensive (Loss) Income Attributable to MKHL
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			50.5	(80.6)
Other comprehensive (loss) income before reclassifications			(119.4)	23.9
Less: amounts reclassified from AOCI to earnings			(6)	2.9
Other comprehensive (loss) income, net of tax			(113.4)	21
Ending balance	(62.9)	(59.6)	(62.9)	(59.6)
Other Comprehensive (Loss) Income Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			(0.2)	(0.3)
Other comprehensive (loss) income before reclassifications			(0.1)	0
Less: amounts reclassified from AOCI to earnings			0	0
Other comprehensive (loss) income, net of tax			(0.1)	0
Ending balance	(0.3)	(0.3)	(0.3)	(0.3)
Total Accumulated Other Comprehensive (Loss) Income
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			50.3	(80.9)
Other comprehensive (loss) income before reclassifications			(119.5)	23.9
Less: amounts reclassified from AOCI to earnings			(6)	2.9
Other comprehensive (loss) income, net of tax			(113.5)	21
Ending balance	$ (63.2)	$ (59.9)	(63.2)	$ (59.9)
Jimmy Cho PLC | Foreign Currency Translation (Losses) Gains
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Foreign currency translation loss			$ 105.1

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Sep. 29, 2018USD ($)equity_plan$ / sharesshares	Sep. 30, 2017$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity plans | equity_plan	2
Weighted average grant date fair value of option (in dollars per share) | $ / shares	$ 24.49	$ 11.59
Estimated value of future forfeitures | $	$ 12.7
Service-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of RSUs (in dollar per share) | $ / shares	$ 67.39	34.94
Performance-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of RSUs (in dollar per share) | $ / shares	$ 67.52	$ 34.68
2008 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity plans adopted | equity_plan	1
Shares authorized for issuance (up to) (in shares)	23,980,823
Shares available for grant (in shares)	0
Option expiration period (years)	10 years
2012 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance (up to) (in shares)	15,246,000
Shares available for grant (in shares)	6,265,990
Option expiration period (years)	7 years

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Share-based Compensation Activity (Details)	6 Months Ended
	Sep. 29, 2018shares
Options
Number of Options
Outstanding at beginning of period (in shares)	3,796,620
Granted (in shares)	224,582
Exercised (in shares)	(1,521,633)
Canceled/forfeited (in shares)	(24,869)
Outstanding at end of period (in shares)	2,474,700
Restricted Shares
Number of Unvested Restricted Shares
Unvested at beginning of period (in shares)	64,148
Granted (in shares)	0
Vested (in shares)	(53,473)
Decrease due to performance condition (in shares)	0
Canceled/forfeited (in shares)	(429)
Unvested at end of period (in shares)	10,246
Service-Based RSUs
Number of Unvested Restricted Shares
Unvested at beginning of period (in shares)	2,127,517
Granted (in shares)	808,512
Vested (in shares)	(590,765)
Decrease due to performance condition (in shares)	0
Canceled/forfeited (in shares)	(115,419)
Unvested at end of period (in shares)	2,229,845
Performance-Based RSUs
Number of Unvested Restricted Shares
Unvested at beginning of period (in shares)	657,532
Granted (in shares)	166,617
Vested (in shares)	(105,900)
Decrease due to performance condition (in shares)	(101,744)
Canceled/forfeited (in shares)	(29,477)
Unvested at end of period (in shares)	587,028

Share-Based Compensation - Assu

Share-Based Compensation - Assumptions Used to Estimate Fair Value of Options (Details) - Options	6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	0.00%	0.00%
Volatility factor	36.90%	36.30%
Weighted average risk-free interest rate	2.80%	1.80%
Expected life of option	4 years 10 months 7 days	4 years 8 months 8 days

Share-Based Compensation - Su_2

Share-Based Compensation - Summary of Compensation Expense Attributable to Share-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based compensation expense	$ 13.6	$ 10.3	$ 26.4	$ 21.1
Tax benefit related to share-based compensation expense	$ 2.8	$ 3.2	$ 5	$ 6.8

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Mar. 31, 2018
Operating Loss Carryforwards [Line Items]
Effective tax rate	9.80%	15.20%	9.60%	15.70%
Unrecognized tax benefits	$ 124.6		$ 124.6		$ 107.4
Decrease in unrecognized tax benefits is possible in the next twelve months	$ 37.1		$ 37.1
United Kingdom | Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Provision for incomes taxes at the U.K. statutory tax rate	19.00%

Segment Information - Additiona

Segment Information - Additional Information (Details) $ in Millions		3 Months Ended			6 Months Ended
		Sep. 29, 2018USD ($)Segmentsegment		Sep. 30, 2017USD ($)	Sep. 29, 2018USD ($)Segment		Sep. 30, 2017USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment		4
Number of reportable segments | Segment		4			4
Asset impairment charges		$ 7		$ 16.3	$ 11.3		$ 16.3
Additions charged to expense	[1]	18.2		22	29.5		23.3
MK Retail
Segment Reporting Information [Line Items]
Asset impairment charges		5.7		16.3	10		16.3
Additions charged to expense		17.2	[1]	$ 22	$ 28.5	[1]	$ 23.3
Jimmy Choo
Segment Reporting Information [Line Items]
Asset impairment charges		1.3
Additions charged to expense	[1]	$ 1
[1]	Restructuring and other charges includes store closure costs recorded in connection with the Retail Fleet Optimization Plan and other restructuring initiatives, transition costs recorded in connection with the acquisition of Jimmy Choo Group Limited and transaction and transition costs recorded in connection with the Company’s agreement to acquire Gianni Versace S.p.A. (see Note 1, Note 4 and Note 9).

Segment Information - Key Perfo

Segment Information - Key Performance Information of Reportable Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Total revenue	$ 1,253.8	$ 1,146.6	$ 2,456.3	$ 2,099
Income from operations	189.4	199.1	404.6	348.5
MK Retail
Segment Reporting Information [Line Items]
Total revenue	643.9	645	1,283.4	1,264.9
Income from operations	67.9	69	160.4	161.2
MK Wholesale
Segment Reporting Information [Line Items]
Total revenue	457.8	463.6	820.6	767.2
Income from operations	130.1	119.6	227.6	163.1
MK Licensing
Segment Reporting Information [Line Items]
Total revenue	35.4	38	62.9	66.9
Income from operations	9.8	10.5	18.9	24.2
Michael Kors
Segment Reporting Information [Line Items]
Total revenue	1,137.1	1,146.6	2,166.9	2,099
Income from operations	207.8	199.1	406.9	348.5
Jimmy Choo
Segment Reporting Information [Line Items]
Total revenue	116.7	0	289.4	0
Income from operations	$ (18.4)	$ 0	$ (2.3)	$ 0

Segment Information - Depreciat

Segment Information - Depreciation and Amortization Expense for Each Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 52.7	$ 48.3	$ 108.6	$ 95.9
MK Retail
Segment Reporting Information [Line Items]
Depreciation and amortization	31.3	33.1	64.6	65.1
MK Wholesale
Segment Reporting Information [Line Items]
Depreciation and amortization	12.7	14.6	26.5	29.6
MK Licensing
Segment Reporting Information [Line Items]
Depreciation and amortization	0.5	0.6	1.1	1.2
Michael Kors
Segment Reporting Information [Line Items]
Depreciation and amortization	44.5	48.3	92.2	95.9
Jimmy Choo
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 8.2	$ 0	$ 16.4	$ 0

Segment Information - Total Rev

Segment Information - Total Revenue (as Recognized Based on Country of Origin), and Long-Lived Assets by Geographic Location (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Mar. 31, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Additions charged to expense	[1]	$ 18.2	$ 22	$ 29.5	$ 23.3
Impairment of long-lived assets		7	16.3	11.3	16.3
Total revenue		1,253.8	1,146.6	2,456.3	2,099
Long-lived assets, excluding goodwill		1,710.6		1,710.6		$ 1,818.9
The Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue		792.7	751.9	1,510.9	1,386
Long-lived assets, excluding goodwill		311.6		311.6		327.3
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue		289.2	270.7	591	471.9
Long-lived assets, excluding goodwill		965.4		965.4		1,050.3
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue		171.9	124	354.4	241.1
Long-lived assets, excluding goodwill		433.6		433.6		441.3
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue		736.7	$ 694	1,405	$ 1,281
Long-lived assets, excluding goodwill		$ 286		$ 286		$ 303.3
[1]	Restructuring and other charges includes store closure costs recorded in connection with the Retail Fleet Optimization Plan and other restructuring initiatives, transition costs recorded in connection with the acquisition of Jimmy Choo Group Limited and transaction and transition costs recorded in connection with the Company’s agreement to acquire Gianni Versace S.p.A. (see Note 1, Note 4 and Note 9).

Segment Information - Schedule

Segment Information - Schedule of Goodwill by Segment (Details) - USD ($) $ in Millions	Sep. 29, 2018	Mar. 31, 2018
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total goodwill	$ 796.9	$ 847.7
MK Retail
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total goodwill	91.9	91.9
MK Wholesale
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total goodwill	25.9	25.9
MK Licensing
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total goodwill	1.9	1.9
Jimmy Choo
Segment Reporting, Other Significant Reconciling Item [Line Items]
Total goodwill	$ 677.2	$ 728

Non-cash Investing Activities (

Non-cash Investing Activities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Supplemental Cash Flow Elements [Abstract]
Unrealized gain (loss) on forward currency exchange	$ (30.4)	$ 36.7	$ (30.4)	$ 36.7