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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 25, 2021
Dec. 26, 2020
Income Statement [Abstract]        
Total revenue $ 1,609 $ 1,302 $ 4,162 $ 2,863
Cost of goods sold 561 454 1,374 1,003
Gross profit 1,048 848 2,788 1,860
Selling, general and administrative expenses 656 538 1,800 1,414
Depreciation and amortization 47 52 146 160
Impairment of assets 0 90 33 110
Restructuring and other charges 14 1 25 18
Total operating expenses 717 681 2,004 1,702
Income from operations 331 167 784 158
Other income, net 0 (3) (2) (4)
Interest (income) expense, net (7) 10 (11) 39
Foreign currency (gain) loss (4) (13) 1 (16)
Income before income taxes 342 173 796 139
Provision for (benefit from) income taxes 19 (5) 54 20
Net income 323 178 742 119
Less: Net income (loss) attributable to noncontrolling interest 1 (1) 1 (2)
Net income attributable to Capri $ 322 $ 179 $ 741 $ 121
Weighted average ordinary shares outstanding:        
Basic (in shares) 149,717,485 150,661,252 150,975,773 150,236,612
Diluted (in shares) 152,375,294 151,958,057 153,834,120 151,417,457
Net income per ordinary share attributable to Capri:        
Basic (in dollars per share) $ 2.15 $ 1.19 $ 4.91 $ 0.80
Diluted (in dollars per share) $ 2.11 $ 1.18 $ 4.82 $ 0.80
Statements of Comprehensive Income:        
Net income $ 323 $ 178 $ 742 $ 119
Foreign currency translation adjustments 34 (27) 147 26
Net gain (loss) on derivatives 5 (7) 9 (10)
Comprehensive income 362 144 898 135
Less: Net income (loss) attributable to noncontrolling interest 1 (1) 1 (2)
Less: Foreign currency translation adjustments attributable to noncontrolling interest 0 0 (1) 0
Comprehensive income attributable to Capri $ 361 $ 145 $ 898 $ 137