Ralph Lauren Corporation (“the Company”) adopted Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers” ("ASU 2014-09") as of the beginning of the first quarter of its fiscal year ending March 30, 2019 (“Fiscal 2019”). The adoption of ASU 2014-09 did not have a material impact on the Company's consolidated financial statements, but did result in expanded revenue-related disclosures, including the disaggregation of revenue into categories that depict how the nature, amount, timing, and uncertainty of revenues and cash flows are affected by economic factors. Refer to Note 4 of the Company’s Quarterly Report on Form 10-Q for the first quarter of Fiscal 2019, filed with the Securities and Exchange Commission on August 3, 2018, for additional discussion regarding the Company’s adoption of ASU 2014-09 and the resulting impact on its consolidated financial statements.
Exhibit 99.1 to this Form 8-K provides historical disaggregated revenue financial information for the Company’s fiscal year ended March 31, 2018 (“Fiscal 2018”), fiscal year ended April 1, 2017 (“Fiscal 2017”), and fiscal year ended April 2, 2016 (“Fiscal 2016”), including by quarter for Fiscal 2018 and Fiscal 2017. This Form 8-K does not reclassify nor restate the Company’s previously reported consolidated financial statements for any period.
The information in this Item 7.01, including the accompanying exhibit, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of the general incorporation language of such filing, except as shall be expressly set forth by specific reference in such filing.