Summary of Significant Accounting Policies (Tables)

9 Months Ended

Dec. 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):

	Nine Months Ended			Nine Months Ended
	December 26, 2020			December 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	341	(1)	$	372

(1)Operating cash flows used in operating leases for the nine months ended December 26, 2020 exclude $41 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 per ordinary share and diluted net income per ordinary share are as follows (in millions, except share and per share data):

	Three Months Ended				Nine Months Ended
	December 26, 2020		December 28, 2019		December 26, 2020		December 28, 2019
Numerator:
Net income attributable to Capri	$	179	$	210	$	121	$	328
Denominator:
Basic weighted average shares	150,661,252		150,826,196		150,236,612		151,159,423
Weighted average dilutive share equivalents:
Share options and restricted shares/units, and performance restricted share units	1,296,805		1,328,176		1,180,845		1,195,513
Diluted weighted average shares	151,958,057		152,154,372		151,417,457		152,354,936
Basic net income per share (1)	$	1.19	$	1.39	$	0.80	$	2.17
Diluted net income per share (1)	$	1.18	$	1.38	$	0.80	$	2.15

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