XML 21 R3.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 30, 2024
Apr. 01, 2023
Current assets    
Cash and cash equivalents $ 199 $ 249
Receivables, net 332 369
Inventories, net 862 1,057
Prepaid expenses and other current assets 215 195
Total current assets 1,608 1,870
Property and equipment, net 579 552
Operating lease right-of-use assets 1,438 1,330
Intangible assets, net 1,394 1,728
Goodwill 1,106 1,293
Deferred tax assets 352 296
Other assets 212 226
Total assets 6,689 7,295
Current liabilities    
Accounts payable 352 475
Accrued payroll and payroll related expenses 107 154
Accrued income taxes 64 73
Short-term operating lease liabilities 400 429
Short-term debt 462 5
Accrued expenses and other current liabilities 310 314
Total current liabilities 1,695 1,450
Long-term operating lease liabilities 1,452 1,348
Deferred tax liabilities 362 508
Long-term debt 1,261 1,822
Other long-term liabilities 319 318
Total liabilities 5,089 5,446
Commitments and contingencies
Shareholders’ equity    
Ordinary shares, no par value; 650,000,000 shares authorized; 226,271,074 shares issued and 116,629,634 outstanding at March 30, 2024; 224,166,250 shares issued and 117,347,045 outstanding at April 1, 2023 0 0
Treasury shares, at cost (109,641,440 shares at March 30, 2024 and 106,819,205 shares at April 1, 2023) (5,458) (5,351)
Additional paid-in capital 1,417 1,344
Accumulated other comprehensive income 161 147
Retained earnings 5,479 5,708
Total shareholders’ equity of Capri 1,599 1,848
Noncontrolling interest 1 1
Total shareholders’ equity 1,600 1,849
Total liabilities and shareholders’ equity $ 6,689 $ 7,295