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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Dec. 25, 2021
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents
A reconciliation of cash, cash equivalents and restricted cash as of December 25, 2021 and March 27, 2021 from the consolidated balance sheets to the consolidated statements of cash flows is as follows (in millions):
 December 25,
2021
March 27,
2021
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents$261 $232 
Restricted cash included within prepaid expenses and other current assets
Total cash, cash equivalents and restricted cash shown on the consolidated statements of cash flows$264 $234 
Restrictions on Cash and Cash Equivalents
A reconciliation of cash, cash equivalents and restricted cash as of December 25, 2021 and March 27, 2021 from the consolidated balance sheets to the consolidated statements of cash flows is as follows (in millions):
 December 25,
2021
March 27,
2021
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents$261 $232 
Restricted cash included within prepaid expenses and other current assets
Total cash, cash equivalents and restricted cash shown on the consolidated statements of cash flows$264 $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):
Nine Months Ended
December 25, 2021December 26, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases (1)
$413 $341 
(1)Operating cash flows used in operating leases for the nine months ended December 25, 2021 and December 26, 2020 excluded $1 million and $41 million, respectively, of deferred rent payments 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 EndedNine Months Ended
December 25,
2021
December 26,
2020
December 25,
2021
December 26,
2020
Numerator:
Net income attributable to Capri$322 $179 $741 $121 
Denominator:
Basic weighted average shares149,717,485 150,661,252 150,975,773 150,236,612 
Weighted average dilutive share equivalents:
Share options and restricted shares/units, and performance restricted share units
2,657,809 1,296,805 2,858,347 1,180,845 
Diluted weighted average shares152,375,294 151,958,057 153,834,120 151,417,457 
Basic net income per share (1)
$2.15 $1.19 $4.91 $0.80 
Diluted net income per share (1)
$2.11 $1.18 $4.82 $0.80 
(1)Basic and diluted net income per share are calculated using unrounded numbers.