RALPH LAUREN CORPRL

RALPH LAUREN CORP Goodwill & Intangibles Disclosure

10-KFiled May 21, 20262 min read
Goodwill and Other Intangible Assets
Goodwill
The following table details the changes in goodwill for each of the Company's segments during Fiscal 2026 and Fiscal 2025:
North AmericaEuropeAsiaOther Non-reportable SegmentsTotal
(millions)
Balance at March 30, 2024$421.8 $278.8 $55.5 $132.0 $888.1 
Foreign currency translation— 0.3 0.1 — 0.4 
Balance at March 29, 2025421.8 279.1 55.6 132.0 888.5 
Foreign currency translation— 18.7 (3.0)— 15.7 
Balance at March 28, 2026$421.8 $297.8 $52.6 $132.0 $904.2 
Based on the results of the Company's goodwill impairment testing, no goodwill impairment charges were recorded in Fiscal 2026, Fiscal 2025, or Fiscal 2024. See Note 11 for further discussion of the Company's goodwill impairment testing.
Other Intangible Assets
Other intangible assets consist of the following:
March 28, 2026March 29, 2025
Gross Carrying AmountAccum. Amort.NetGross Carrying AmountAccum. Amort.Net
(millions)
Intangible assets subject to amortization:
Re-acquired licensed trademarks$222.1 $(193.8)$28.3 $223.3 $(188.2)$35.1 
Customer relationships228.4 (213.5)14.9 231.6 (213.0)18.6 
Other10.3 (8.5)1.8 10.1 (8.3)1.8 
Total intangible assets subject to amortization
460.8 (415.8)45.0 465.0 (409.5)55.5 
Intangible assets not subject to amortization:
Trademarks and brands48.3 N/A48.3 7.3 N/A7.3 
Total intangible assets
$509.1 $(415.8)$93.3 $472.3 $(409.5)$62.8 
Amortization Expense
Amortization expense was $10.7 million, $12.9 million, and $13.1 million during Fiscal 2026, Fiscal 2025, and Fiscal 2024, respectively, and was recorded within SG&A expenses in the consolidated statements of operations.
Based on the balance of the Company's finite-lived intangible assets subject to amortization as of March 28, 2026, the expected amortization expense for each of the next five fiscal years and thereafter is as follows:
Amortization
Expense
(millions)
Fiscal 2027$10.0 
Fiscal 202810.0 
Fiscal 202910.0 
Fiscal 20308.9 
Fiscal 20315.3 
Fiscal 2032 and thereafter0.8 
Total$45.0 
The expected future amortization expense amounts above reflect weighted-average estimated remaining useful lives of 4.6 years for re-acquired licensed trademarks, 4.5 years for customer relationships, and 4.8 years for the Company's finite-lived intangible assets in total.

Historical Timeline

Fiscal YearFiled
2026May 21, 2026Showing above
2025May 22, 2025
2024May 23, 2024
2023May 25, 2023
2022May 24, 2022
2021May 20, 2021
2020May 27, 2020
2019May 16, 2019
2018May 23, 2018
2017May 18, 2017
2016May 19, 2016

About Goodwill & Intangibles Disclosures

Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.

Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.

Other Available Disclosures

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