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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Dec. 31, 2022
Dec. 25, 2021
Dec. 31, 2022
Dec. 25, 2021
Income Statement [Abstract]        
Total revenue $ 1,512 $ 1,609 $ 4,284 $ 4,162
Cost of goods sold 507 561 1,427 1,374
Gross profit 1,005 1,048 2,857 2,788
Selling, general and administrative expenses 720 656 1,984 1,800
Depreciation and amortization 43 47 131 146
Impairment of assets 1 0 12 33
Restructuring and other charges 5 14 11 25
Total operating expenses 769 717 2,138 2,004
Income from operations 236 331 719 784
Other income, net (1) 0 (2) (2)
Interest expense (income), net 12 (7) 13 (11)
Foreign currency (gain) loss (3) (4) (10) 1
Income before income taxes 228 342 718 796
Provision for income taxes 3 19 66 54
Net income 225 323 652 742
Less: Net income attributable to noncontrolling interest 0 1 2 1
Net income attributable to Capri $ 225 $ 322 $ 650 $ 741
Weighted average ordinary shares outstanding:        
Basic (in shares) 128,849,793 149,717,485 135,600,276 150,975,773
Diluted (in shares) 130,364,919 152,375,294 137,050,159 153,834,120
Net income per ordinary share attributable to Capri:        
Basic (in dollars per share) $ 1.74 $ 2.15 $ 4.79 $ 4.91
Diluted (in dollars per share) $ 1.72 $ 2.11 $ 4.74 $ 4.82
Statements of Comprehensive Income:        
Net income $ 225 $ 323 $ 652 $ 742
Foreign currency translation adjustments 145 34 (87) 147
Net (loss) gain on derivatives (5) 5 (2) 9
Total comprehensive income 365 362 563 898
Less: Net income attributable to noncontrolling interest 0 1 2 1
Less: Foreign currency translation adjustments attributable to noncontrolling interest 0 0 0 (1)
Comprehensive income attributable to Capri $ 365 $ 361 $ 561 $ 898