XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Dec. 30, 2023
Dec. 31, 2022
Income Statement [Abstract]        
Total revenue $ 1,427 $ 1,512 $ 3,947 $ 4,284
Cost of goods sold 499 507 1,375 1,427
Gross profit 928 1,005 2,572 2,857
Selling, general and administrative expenses 749 720 2,102 1,984
Depreciation and amortization 46 43 139 131
Impairment of assets 6 1 26 12
Restructuring and other expense 5 5 3 11
Total operating expenses 806 769 2,270 2,138
Income from operations 122 236 302 719
Other income, net 0 (1) 0 (2)
Interest expense, net 1 12 12 13
Foreign currency (gain) loss (2) (3) 16 (10)
Income before income taxes 123 228 274 718
Provision for income taxes 18 3 31 66
Net income 105 225 243 652
Less: Net income attributable to noncontrolling interest 0 0 0 2
Net income attributable to Capri $ 105 $ 225 $ 243 $ 650
Weighted average ordinary shares outstanding:        
Basic (in shares) 116,795,382 128,849,793 116,967,118 135,600,276
Diluted (in shares) 118,163,528 130,364,919 118,003,245 137,050,159
Net income per ordinary share attributable to Capri:        
Basic (in dollars per share) $ 0.89 $ 1.74 $ 2.07 $ 4.79
Diluted (in dollars per share) $ 0.88 $ 1.72 $ 2.06 $ 4.74
Statements of Comprehensive Income:        
Net income $ 105 $ 225 $ 243 $ 652
Foreign currency translation adjustments (99) 145 (112) (87)
Net loss on derivatives 0 (5) (4) (2)
Comprehensive income 6 365 127 563
Less: Net income attributable to noncontrolling interest 0 0 0 2
Comprehensive income attributable to Capri $ 6 $ 365 $ 127 $ 561