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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Income Statement [Abstract]        
Total revenue $ 1,442 $ 1,253 $ 2,788 $ 2,456
Cost of goods sold 568 490 1,080 942
Gross profit 874 763 1,708 1,514
Selling, general and administrative expenses 623 494 1,221 959
Depreciation and amortization 65 53 125 109
Impairment of long-lived assets 104 7 201 11
Restructuring and other charges [1] 7 19 22 30
Total operating expenses 799 573 1,569 1,109
Income from operations 75 190 139 405
Other income, net (1) (1) (3) (2)
Interest expense, net 3 6 16 14
Foreign currency loss 4 33 6 36
Income before provision for income taxes 69 152 120 357
(Benefit from) provision for income taxes (4) 15 2 34
Net income 73 137 118 323
Less: Net loss attributable to noncontrolling interest and redeemable noncontrolling interest 0 (1) 0 (1)
Net income attributable to Capri $ 73 $ 138 $ 118 $ 324
Weighted average ordinary shares outstanding:        
Weighted average ordinary shares outstanding, basic (in shares) 151,602,502 149,575,112 151,326,037 149,538,607
Weighted average ordinary shares outstanding, diluted (in shares) 152,576,283 151,705,685 152,455,218 152,052,671
Net income per ordinary share attributable to Capri:        
Net income per ordinary share, basic (in dollars per share) $ 0.48 $ 0.92 $ 0.78 $ 2.17
Net income per ordinary share, diluted (in dollars per share) $ 0.47 $ 0.91 $ 0.77 $ 2.13
Statements of Comprehensive Income:        
Net income $ 73 $ 137 $ 118 $ 323
Foreign currency translation adjustments (13) (25) (38) (128)
Net gain on derivatives 3 3 1 15
Comprehensive income 63 115 81 210
Less: Net loss attributable to noncontrolling interest and redeemable noncontrolling interest 0 (1) 0 (1)
Comprehensive income attributable to Capri $ 63 $ 116 $ 81 $ 211
[1]
Restructuring and other charges includes store closure costs recorded in connection with the Retail Fleet Optimization Plan (as defined in Note 10) and other restructuring initiatives, and costs recorded in connection with the acquisitions of Gianni Versace S.r.l and Jimmy Choo Group Limited.