Shareholders' Equity (Tables)

12 Months Ended

Mar. 28, 2020

Stockholders' Equity Note [Abstract]

Changes in Components of Accumulated Other Comprehensive Loss, Net of Taxes

The following table details changes in the components of accumulated other comprehensive income (loss) ("AOCI"), net of taxes for Fiscal 2020, Fiscal 2019 and Fiscal 2018 (in millions):

	Foreign  Currency Translation (Losses) Gains (1)		Net Gains (Losses) on Derivatives (2)		Other Comprehensive (Loss)/Gain Attributable to Capri
Balance at April 1, 2017	$	(87)	$	6	$	(81)
Other comprehensive income (loss) before reclassifications	148		(19)		129
Less: amounts reclassified from AOCI to earnings	—		(3)		(3)
Other comprehensive income (loss), net of tax	148		(16)		132
Balance at March 31, 2018	61		(10)		51
Other comprehensive (loss) income before reclassifications	(134)		14		(120)
Less: amounts reclassified from AOCI to earnings	—		(3)		(3)
Other comprehensive (loss) income, net of tax	(134)		17		(117)
Balance at March 30, 2019	(73)		7		(66)
Other comprehensive income before reclassifications	145		5		150
Less: amounts reclassified from AOCI to earnings	—		9		9
Other comprehensive income (loss), net of tax	145		(4)		141
Balance at March 28, 2020	$	72	$	3	$	75

⁽¹⁾Foreign currency translation gains and losses include net gains of $6 million for both Fiscal 2020 and Fiscal 2019, on intra-entity transactions that are of a long-term investment nature. Foreign currency translation losses for Fiscal 2020 include a $60 million translation loss relating to the Jimmy Choo business, a $10 million translation loss relating to the Versace business and a $219 million gain, net of taxes of $45 million relating to the Company’s net investment hedges. Foreign currency translation losses for Fiscal 2019 includes an $105 million translation loss relating to the Jimmy Choo business, a $33 million translation loss relating to the Versace business and a $39 million gain, net of taxes of $8 million relating to the Company's net investment hedges.

⁽²⁾Reclassified amounts relate to the Company’s forward foreign currency exchange contracts for inventory purchases and are recorded within cost of goods sold in the Company’s consolidated statements of operations and comprehensive income. Other comprehensive income (loss) before reclassifications related to derivative instruments for Fiscal 2020 was immaterial. Other comprehensive income (loss) before reclassifications related to derivative instruments for Fiscal 2019 and Fiscal 2018 is net of a tax benefits of $2 million and $3 million, respectively. All tax effects were not material for the periods presented.