Summary of Significant Accounting Policies (Tables)

3 Months Ended

Jun. 27, 2020

Accounting Policies [Abstract]

Schedule of Net Lease Costs and Supplemental Cash Flow Information

The following table presents the Company’s supplemental cash flow information related to leases (in millions):

	Three Months Ended			Three Months Ended
	June 27, 2020			June 29, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	40	(1)	$	120

⁽¹⁾Operating cash flows used in operating leases for the three months ended June 27, 2020 reflect $85 million of rent payments that have been deferred due to the COVID-19 pandemic.

Schedule of Components of Calculation of Basic Net Income Per Ordinary Share and Diluted Net Income Per Ordinary Share

The components of the calculation of basic net (loss) income per ordinary share and diluted net loss per ordinary share are as follows (in millions, except share and per share data):

	Three Months Ended
	June 27, 2020		June 29, 2019
Numerator:
Net (loss) income attributable to Capri	$	(180)	$	45
Denominator:
Basic weighted average shares	149,556,310		151,049,572
Weighted average dilutive share equivalents:
Share options and restricted shares/units, and performance restricted share units	—		1,284,581
Diluted weighted average shares	149,556,310		152,334,153
Basic net (loss) income per share (1)	$	(1.21)	$	0.30
Diluted net (loss) income per share (1)	$	(1.21)	$	0.30

⁽¹⁾Basic and diluted net (loss) income per share are calculated using unrounded numbers.