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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 28, 2024
Mar. 30, 2024
Current assets    
Cash and cash equivalents $ 182 $ 199
Receivables, net 298 332
Inventories, net 984 862
Prepaid expenses and other current assets 203 215
Total current assets 1,667 1,608
Property and equipment, net 565 579
Operating lease right-of-use assets 1,375 1,438
Intangible assets, net 1,418 1,394
Goodwill 1,153 1,106
Deferred tax assets 410 352
Other assets 204 212
Total assets 6,792 6,689
Current liabilities    
Accounts payable 472 352
Accrued payroll and payroll related expenses 108 107
Accrued income taxes 37 64
Short-term operating lease liabilities 377 400
Short-term debt 471 462
Accrued expenses and other current liabilities 325 310
Total current liabilities 1,790 1,695
Long-term operating lease liabilities 1,387 1,452
Deferred tax liabilities 356 362
Long-term debt 1,237 1,261
Other long-term liabilities 536 319
Total liabilities 5,306 5,089
Commitments and contingencies
Shareholders’ equity    
Ordinary shares, no par value; 650,000,000 shares authorized; 227,571,175 shares issued and 117,824,265 outstanding at September 28, 2024; 226,271,074 shares issued and 116,629,634 outstanding at March 30, 2024 0 0
Treasury shares, at cost (109,746,910 shares at September 28, 2024 and 109,641,440 shares at March 30, 2024) (5,462) (5,458)
Additional paid-in capital 1,454 1,417
Accumulated other comprehensive income 3 161
Retained earnings 5,489 5,479
Total shareholders’ equity of Capri 1,484 1,599
Noncontrolling interest 2 1
Total shareholders’ equity 1,486 1,600
Total liabilities and shareholders’ equity $ 6,792 $ 6,689