XML 28 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 28, 2019
Mar. 30, 2019
Current assets    
Cash and cash equivalents $ 179 $ 172
Receivables, net 368 383
Inventories, net 1,073 953
Prepaid expenses and other current assets 275 221
Total current assets 1,895 1,729
Property and equipment, net 589 615
Operating lease right-of-use assets 1,671  
Intangible assets, net 2,171 2,293
Goodwill 1,598 1,659
Deferred tax assets 160 112
Other assets 309 242
Total assets 8,393 6,650
Current liabilities    
Accounts payable 390 371
Accrued payroll and payroll related expenses 97 133
Accrued income taxes 27 34
Current operating lease liabilities 403  
Short-term debt 603 630
Accrued expenses and other current liabilities 283 374
Total current liabilities 1,803 1,542
Long-term portion of operating lease liabilities 1,766  
Deferred rent   132
Deferred tax liabilities 440 438
Long-term debt 1,796 1,936
Other long-term liabilities 176 166
Total liabilities 5,981 4,214
Commitments and contingencies
Redeemable noncontrolling interest 4 4
Shareholders’ equity    
Ordinary shares, no par value; 650,000,000 shares authorized; 216,815,137 shares issued and 151,633,281 outstanding at September 28, 2019; 216,050,939 shares issued and 150,932,306 outstanding at March 30, 2019 0 0
Treasury shares, at cost (65,181,856 shares at September 28, 2019 and 65,118,633 shares at March 30, 2019) (3,225) (3,223)
Additional paid-in capital 1,060 1,011
Accumulated other comprehensive loss (103) (66)
Retained earnings 4,673 4,707
Total shareholders’ equity of Capri 2,405 2,429
Noncontrolling interest 3 3
Total shareholders’ equity 2,408 2,432
Total liabilities and shareholders’ equity $ 8,393 $ 6,650