Summary of Significant Accounting Policies (Tables)

6 Months Ended

Sep. 26, 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):

	Six Months Ended			Six Months Ended
	September 26, 2020			September 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	191	(1)	$	244

(1)Operating cash flows used in operating leases for the six months ended September 26, 2020 exclude $60 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 income (loss) per ordinary share and diluted net income (loss) per ordinary share are as follows (in millions, except share and per share data):

	Three Months Ended				Six Months Ended
	September 26, 2020		September 28, 2019		September 26, 2020		September 28, 2019
Numerator:
Net income (loss) attributable to Capri	$	122	$	73	$	(58)	$	118
Denominator:
Basic weighted average shares	150,492,275		151,602,502		150,024,293		151,326,037
Weighted average dilutive share equivalents:
Share options and restricted shares/units, and performance restricted share units	1,184,967		973,781		—		1,129,181
Diluted weighted average shares	151,677,242		152,576,283		150,024,293		152,455,218
Basic net income (loss) per share (1)	$	0.81	$	0.48	$	(0.39)	$	0.78
Diluted net income (loss) per share (1)	$	0.81	$	0.47	$	(0.39)	$	0.77

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