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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 27, 2021
Mar. 28, 2020
Current assets    
Cash and cash equivalents $ 232 $ 592
Receivables, net 373 308
Inventories, net 736 827
Prepaid expenses and other current assets 205 167
Total current assets 1,546 1,894
Property and equipment, net 485 561
Operating lease right-of-use assets 1,504 1,625
Intangible assets, net 1,992 1,986
Goodwill 1,498 1,488
Deferred tax assets 278 225
Other assets 178 167
Total assets 7,481 7,946
Current liabilities    
Accounts payable 512 428
Accrued payroll and payroll related expenses 116 93
Accrued income taxes 126 42
Short-term operating lease liabilities 447 430
Short-term debt 123 167
Accrued expenses and other current liabilities 297 241
Total current liabilities 1,621 1,401
Long-term operating lease liabilities 1,657 1,758
Deferred tax liabilities 397 465
Long-term debt 1,219 2,012
Other long-term liabilities 430 142
Total liabilities 5,324 5,778
Commitments and contingencies
Shareholders’ equity    
Ordinary shares, no par value; 650,000,000 shares authorized; 219,222,937 shares issued and 151,280,011 outstanding at March 27, 2021; 217,320,010 shares issued and 149,425,612 outstanding at March 28, 2020 0 0
Treasury shares, at cost (67,942,926 shares at March 27, 2021 and 67,894,398 shares at March 28, 2020) (3,326) (3,325)
Additional paid-in capital 1,158 1,085
Accumulated other comprehensive income 56 75
Retained earnings 4,270 4,332
Total shareholders’ equity of Capri 2,158 2,167
Noncontrolling interest (1) 1
Total shareholders’ equity 2,157 2,168
Total liabilities and shareholders’ equity $ 7,481 $ 7,946