Summary of Significant Accounting Policies (Tables)

6 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents

A reconciliation of cash, cash equivalents and restricted cash as of September 30, 2023 and April 1, 2023 from the consolidated balance sheets to the consolidated statements of cash flows is as follows (in millions):

	September 30, 2023		April 1, 2023
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	$	238	$	249
Restricted cash included within prepaid expenses and other current assets	6		7
Total cash, cash equivalents and restricted cash shown on the consolidated statements of cash flows	$	244	$	256

Schedule of Restrictions on Cash and Cash Equivalents

A reconciliation of cash, cash equivalents and restricted cash as of September 30, 2023 and April 1, 2023 from the consolidated balance sheets to the consolidated statements of cash flows is as follows (in millions):

	September 30, 2023		April 1, 2023
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	$	238	$	249
Restricted cash included within prepaid expenses and other current assets	6		7
Total cash, cash equivalents and restricted cash shown on the consolidated statements of cash flows	$	244	$	256

Schedule of Net Lease Costs and Supplemental Cash Flow Information

The following table presents the Company’s supplemental cash flow information related to leases (in millions):

	Six Months Ended
	September 30, 2023		October 1, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	261	$	248

Schedule of Components of Calculation of Basic Net Income Per Ordinary Share and Diluted Net Income Per Ordinary Share

The components of the calculation of basic net income per ordinary share and diluted net income per ordinary share are as follows (in millions, except share and per share data):

	Three Months Ended				Six Months Ended
	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Numerator:
Net income attributable to Capri	$	90	$	224	$	138	$	425
Denominator:
Basic weighted average shares	116,674,030		136,037,449		117,052,986		138,975,518
Weighted average dilutive share equivalents:
Share options and restricted shares/units, and performance restricted share units	889,543		1,014,126		870,117		1,417,262
Diluted weighted average shares	117,563,573		137,051,575		117,923,103		140,392,780
Basic net income per share (1)	$	0.77	$	1.64	$	1.18	$	3.06
Diluted net income per share (1)	$	0.77	$	1.63	$	1.17	$	3.03

(1)Basic and diluted net income per share are calculated using unrounded numbers.