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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Oct. 01, 2022
Sep. 25, 2021
Oct. 01, 2022
Sep. 25, 2021
Income Statement [Abstract]        
Total revenue $ 1,412 $ 1,300 $ 2,772 $ 2,553
Cost of goods sold 461 416 920 813
Gross profit 951 884 1,852 1,740
Selling, general and administrative expenses 642 599 1,264 1,144
Depreciation and amortization 43 49 88 99
Impairment of assets 11 33 11 33
Restructuring and other charges 3 8 6 11
Total operating expenses 699 689 1,369 1,287
Income from operations 252 195 483 453
Other income, net (1) (2) (1) (2)
Interest expense (income), net 5 (5) 1 (4)
Foreign currency (gain) loss (11) 4 (7) 5
Income before income taxes 259 198 490 454
Provision (benefit) for income taxes 35 (2) 63 35
Net income 224 200 427 419
Less: Net income attributable to noncontrolling interest 0 0 2 0
Net income attributable to Capri $ 224 $ 200 $ 425 $ 419
Weighted average ordinary shares outstanding:        
Basic (in shares) 136,037,449 151,859,760 138,975,518 151,604,916
Diluted (in shares) 137,051,575 154,219,249 140,392,780 154,563,532
Net income per ordinary share attributable to Capri:        
Basic (in dollars per share) $ 1.64 $ 1.31 $ 3.06 $ 2.76
Diluted (in dollars per share) $ 1.63 $ 1.30 $ 3.03 $ 2.71
Statements of Comprehensive Income:        
Net income $ 224 $ 200 $ 427 $ 419
Foreign currency translation adjustments (125) 23 (232) 113
Net gain on derivatives 1 4 3 4
Total comprehensive income (loss) 100 227 198 536
Less: Net income attributable to noncontrolling interest 0 0 2 0
Less: Foreign currency translation adjustments attributable to noncontrolling interest 0 0 0 (1)
Comprehensive income attributable to Capri $ 100 $ 227 $ 196 $ 537