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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 28, 2019
Mar. 30, 2019
Current assets    
Cash and cash equivalents $ 237 $ 172
Receivables, net 321 383
Inventories, net 960 953
Prepaid expenses and other current assets 263 221
Total current assets 1,781 1,729
Property and equipment, net 596 615
Operating lease right-of-use assets 1,665  
Intangible assets, net 2,225 2,293
Goodwill 1,681 1,659
Deferred tax assets 165 112
Other assets 212 242
Total assets 8,325 6,650
Current liabilities    
Accounts payable 375 371
Accrued payroll and payroll related expenses 110 133
Accrued income taxes 30 34
Short-term operating lease liabilities 406  
Short-term debt 1,031 630
Accrued expenses and other current liabilities 353 374
Total current liabilities 2,305 1,542
Long-term portion of operating lease liabilities 1,751  
Deferred rent   132
Deferred tax liabilities 440 438
Long-term debt 1,085 1,936
Other long-term liabilities 133 166
Total liabilities 5,714 4,214
Commitments and contingencies
Redeemable noncontrolling interest 0 4
Shareholders’ equity    
Ordinary shares, no par value; 650,000,000 shares authorized; 216,906,643 shares issued and 149,012,245 outstanding at December 28, 2019; 216,050,939 shares issued and 150,932,306 outstanding at March 30, 2019 0 0
Treasury shares, at cost (67,894,398 shares at December 28, 2019 and 65,118,633 shares at March 30, 2019) (3,325) (3,223)
Additional paid-in capital 1,080 1,011
Accumulated other comprehensive loss (29) (66)
Retained earnings 4,883 4,707
Total shareholders’ equity of Capri 2,609 2,429
Noncontrolling interest 2 3
Total shareholders’ equity 2,611 2,432
Total liabilities and shareholders’ equity $ 8,325 $ 6,650