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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Sep. 25, 2021
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents
A reconciliation of cash, cash equivalents and restricted cash as of September 25, 2021 and March 27, 2021 from the consolidated balance sheets to the consolidated statements of cash flows is as follows (in millions):
 September 25,
2021
March 27,
2021
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents$234 $232 
Restricted cash included within prepaid expenses and other current assets
Total cash, cash equivalents and restricted cash shown in the consolidated statements of
cash flows
$237 $234 
Restrictions on Cash and Cash Equivalents
A reconciliation of cash, cash equivalents and restricted cash as of September 25, 2021 and March 27, 2021 from the consolidated balance sheets to the consolidated statements of cash flows is as follows (in millions):
 September 25,
2021
March 27,
2021
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents$234 $232 
Restricted cash included within prepaid expenses and other current assets
Total cash, cash equivalents and restricted cash shown in the consolidated statements of
cash flows
$237 $234 
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
September 25, 2021September 26, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases (1)
$257 $191 
(1)Operating cash flows used in operating leases for the six months ended September 25, 2021 and September 26, 2020 excluded $5 million and $60 million, respectively, 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 EndedSix Months Ended
September 25,
2021
September 26,
2020
September 25,
2021
September 26,
2020
Numerator:
Net income (loss) attributable to Capri$200 $122 $419 $(58)
Denominator:
Basic weighted average shares151,859,760 150,492,275 151,604,916 150,024,293 
Weighted average dilutive share equivalents:
Share options and restricted shares/units, and performance restricted share units
2,359,489 1,184,967 2,958,616 — 
Diluted weighted average shares154,219,249 151,677,242 154,563,532 150,024,293 
Basic net income (loss) per share (1)
$1.31 $0.81 $2.76 $(0.39)
Diluted net income (loss) per share (1)
$1.30 $0.81 $2.71 $(0.39)
(1)Basic and diluted net income (loss) per share are calculated using unrounded numbers.