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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Dec. 26, 2020
Dec. 28, 2019
Dec. 26, 2020
Dec. 28, 2019
Income Statement [Abstract]        
Total revenue $ 1,302 $ 1,571 $ 2,863 $ 4,359
Cost of goods sold 454 639 1,003 1,719
Gross profit 848 932 1,860 2,640
Selling, general and administrative expenses 538 630 1,414 1,851
Depreciation and amortization 52 63 160 188
Impairment of assets 90 19 110 220
Restructuring and other charges 1 15 18 37
Total operating expenses 681 727 1,702 2,296
Income from operations 167 205 158 344
Other income, net (3) (1) (4) (4)
Interest expense, net 10 3 39 19
Foreign currency (gain) loss (13) (2) (16) 4
Income before provision for income taxes 173 205 139 325
(Benefit from) provision for income taxes (5) (4) 20 (2)
Net income 178 209 119 327
Less: Net loss attributable to noncontrolling interest (1) (1) (2) (1)
Net income attributable to Capri $ 179 $ 210 $ 121 $ 328
Weighted average ordinary shares outstanding:        
Basic (in shares) 150,661,252 150,826,196 150,236,612 151,159,423
Diluted (in shares) 151,958,057 152,154,372 151,417,457 152,354,936
Net income per ordinary share attributable to Capri:        
Basic (in dollars per share) $ 1.19 $ 1.39 $ 0.80 $ 2.17
Diluted (in dollars per share) $ 1.18 $ 1.38 $ 0.80 $ 2.15
Statements of Comprehensive Income:        
Net income $ 178 $ 209 $ 119 $ 327
Foreign currency translation adjustments (27) 78 26 40
Net loss on derivatives (7) (4) (10) (3)
Comprehensive income 144 283 135 364
Less: Net loss attributable to noncontrolling interest (1) (1) (2) (1)
Comprehensive income attributable to Capri $ 145 $ 284 $ 137 $ 365