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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Apr. 01, 2023
Current assets    
Cash and cash equivalents $ 238 $ 249
Receivables, net 383 369
Inventories, net 1,099 1,057
Prepaid expenses and other current assets 270 195
Total current assets 1,990 1,870
Property and equipment, net 542 552
Operating lease right-of-use assets 1,307 1,330
Intangible assets, net 1,676 1,728
Goodwill 1,268 1,293
Deferred tax assets 308 296
Other assets 255 226
Total assets 7,346 7,295
Current liabilities    
Accounts payable 355 475
Accrued payroll and payroll related expenses 95 154
Accrued income taxes 82 73
Short-term operating lease liabilities 406 429
Short-term debt 15 5
Accrued expenses and other current liabilities 291 314
Total current liabilities 1,244 1,450
Long-term operating lease liabilities 1,291 1,348
Deferred tax liabilities 508 508
Long-term debt 2,079 1,822
Other long-term liabilities 312 318
Total liabilities 5,434 5,446
Commitments and contingencies
Shareholders’ equity    
Ordinary shares, no par value; 650,000,000 shares authorized; 225,768,777 shares issued and 116,140,358 outstanding at September 30, 2023; 224,166,250 shares issued and 117,347,045 outstanding at April 1, 2023 0 0
Treasury shares, at cost (109,628,419 shares at September 30, 2023 and 106,819,205 shares at April 1, 2023) (5,457) (5,351)
Additional paid-in capital 1,392 1,344
Accumulated other comprehensive income 130 147
Retained earnings 5,846 5,708
Total shareholders’ equity of Capri 1,911 1,848
Noncontrolling interest 1 1
Total shareholders’ equity 1,912 1,849
Total liabilities and shareholders’ equity $ 7,346 $ 7,295