XML 26 R14.htm IDEA: XBRL DOCUMENT v3.22.4
Restructuring and Other Charges
9 Months Ended
Dec. 31, 2022
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges Restructuring and Other Charges
Restructuring Charges - Capri Retail Store Optimization Program
During Fiscal 2022, the Company completed its plan to close certain retail stores as part of its Capri Retail Store Optimization Program.
During the three and nine months ended December 25, 2021, the Company closed 13 and 39 of its retail stores, respectively, which were incorporated into the Capri Retail Store Optimization Program. Net restructuring charges recorded in connection with the Capri Retail Store Optimization Program during the three and nine months ended December 25, 2021 were $10 million and $6 million, respectively.
Other Charges
During the three and nine months ended December 31, 2022, the Company recorded costs of $5 million and $11 million, respectively, primarily related to equity awards associated with the acquisition of Versace. During the three and nine months ended December 25, 2021, the Company recorded costs of $4 million and $19 million, respectively, primarily related to equity awards associated with the acquisition of Versace.