XML 27 R5.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
12 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Mar. 27, 2021
Income Statement [Abstract]      
Total revenue $ 5,619 $ 5,654 $ 4,060
Cost of goods sold 1,895 1,910 1,463
Gross profit 3,724 3,744 2,597
Selling, general and administrative expenses 2,708 2,533 2,018
Depreciation and amortization 179 193 212
Impairment of assets 142 73 316
Restructuring and other charges 16 42 32
Total operating expenses 3,045 2,841 2,578
Income from operations 679 903 19
Other income, net (3) (2) (7)
Interest expense (income), net 24 (18) 43
Foreign currency loss (gain) 10 8 (20)
Income before provision for income taxes 648 915 3
Provision for income taxes 29 92 66
Net income (loss) 619 823 (63)
Less: Net income (loss) attributable to noncontrolling interest 3 1 (1)
Net income (loss) attributable to Capri $ 616 $ 822 $ (62)
Weighted average ordinary shares outstanding:      
Basic (in shares) 132,532,009 149,724,675 150,453,568
Diluted (in shares) 134,002,480 152,497,907 150,453,568
Net income (loss) per ordinary share attributable to Capri:      
Basic (in dollars per share) $ 4.65 $ 5.49 $ (0.41)
Diluted (in dollars per share) $ 4.60 $ 5.39 $ (0.41)
Statements of Comprehensive Income (Loss):      
Net income (loss) $ 619 $ 823 $ (63)
Foreign currency translation adjustments (41) 127 (15)
Net (loss) gain on derivatives (6) 10 (4)
Comprehensive income (loss) 572 960 (82)
Less: Net income (loss) attributable to noncontrolling interest 3 1 (1)
Less: Foreign currency translation adjustments attributable to noncontrolling interest 0 (1) 0
Comprehensive income (loss) attributable to Capri $ 569 $ 960 $ (81)