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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 29, 2024
Mar. 30, 2024
Current assets    
Cash and cash equivalents $ 213 $ 199
Receivables, net 292 332
Inventories, net 902 862
Prepaid expenses and other current assets 197 215
Total current assets 1,604 1,608
Property and equipment, net 573 579
Operating lease right-of-use assets 1,385 1,438
Intangible assets, net 1,378 1,394
Goodwill 1,108 1,106
Deferred tax assets 351 352
Other assets 218 212
Total assets 6,617 6,689
Current liabilities    
Accounts payable 416 352
Accrued payroll and payroll related expenses 105 107
Accrued income taxes 45 64
Short-term operating lease liabilities 374 400
Short-term debt 461 462
Accrued expenses and other current liabilities 296 310
Total current liabilities 1,697 1,695
Long-term operating lease liabilities 1,391 1,452
Deferred tax liabilities 361 362
Long-term debt 1,252 1,261
Other long-term liabilities 334 319
Total liabilities 5,035 5,089
Commitments and contingencies
Shareholders’ equity    
Ordinary shares, no par value; 650,000,000 shares authorized; 227,517,072 shares issued and 117,781,894 outstanding at June 29, 2024; 226,271,074 shares issued and 116,629,634 outstanding at March 30, 2024 0 0
Treasury shares, at cost (109,735,178 shares at June 29, 2024 and 109,641,440 shares at March 30, 2024) (5,461) (5,458)
Additional paid-in capital 1,443 1,417
Accumulated other comprehensive income 132 161
Retained earnings 5,465 5,479
Total shareholders’ equity of Capri 1,579 1,599
Noncontrolling interest 3 1
Total shareholders’ equity 1,582 1,600
Total liabilities and shareholders’ equity $ 6,617 $ 6,689