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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Sep. 25, 2021
Sep. 26, 2020
Income Statement [Abstract]        
Total revenue $ 1,300 $ 1,110 $ 2,553 $ 1,561
Cost of goods sold 416 400 813 549
Gross profit 884 710 1,740 1,012
Selling, general and administrative expenses 599 474 1,144 876
Depreciation and amortization 49 54 99 108
Impairment of assets 33 20 33 20
Restructuring and other charges 8 9 11 17
Total operating expenses 689 557 1,287 1,021
Income (loss) from operations 195 153 453 (9)
Other income, net (2) 0 (2) (1)
Interest (income) expense, net (5) 12 (4) 29
Foreign currency loss (gain) 4 0 5 (3)
Income (loss) before (benefit) provision for income taxes 198 141 454 (34)
(Benefit) provision for income taxes (2) 20 35 25
Net income (loss) 200 121 419 (59)
Less: Net loss attributable to noncontrolling interest 0 (1) 0 (1)
Net income (loss) attributable to Capri $ 200 $ 122 $ 419 $ (58)
Weighted average ordinary shares outstanding:        
Basic (in shares) 151,859,760 150,492,275 151,604,916 150,024,293
Diluted (in shares) 154,219,249 151,677,242 154,563,532 150,024,293
Net income (loss) per ordinary share attributable to Capri:        
Basic (in dollars per share) $ 1.31 $ 0.81 $ 2.76 $ (0.39)
Diluted (in dollars per share) $ 1.30 $ 0.81 $ 2.71 $ (0.39)
Statements of Comprehensive Income (Loss):        
Net income $ 200 $ 121 $ 419 $ (59)
Foreign currency translation adjustments 23 56 113 53
Net gain (loss) on derivatives 4 (2) 4 (3)
Comprehensive income (loss) 227 175 536 (9)
Less: Foreign currency translation adjustments attributable to noncontrolling interest 0 0 (1) 0
Comprehensive income (loss) attributable to Capri $ 227 $ 176 $ 537 $ (8)