Summary of Significant Accounting Policies (Tables)

6 Months Ended

Sep. 28, 2024

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents

A reconciliation of cash, cash equivalents and restricted cash as of September 28, 2024 and March 30, 2024 from the consolidated balance sheets to the consolidated statements of cash flows is as follows (in millions):

	September 28, 2024		March 30, 2024
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	$	182	$	199
Restricted cash included within prepaid expenses and other current assets	9		6
Total cash, cash equivalents and restricted cash shown on the consolidated statements of cash flows	$	191	$	205

Schedule of Restrictions on Cash and Cash Equivalents

A reconciliation of cash, cash equivalents and restricted cash as of September 28, 2024 and March 30, 2024 from the consolidated balance sheets to the consolidated statements of cash flows is as follows (in millions):

	September 28, 2024		March 30, 2024
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	$	182	$	199
Restricted cash included within prepaid expenses and other current assets	9		6
Total cash, cash equivalents and restricted cash shown on the consolidated statements of cash flows	$	191	$	205

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 28, 2024		September 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	248	$	261

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 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Numerator:
Net income attributable to Capri	$	24	$	90	$	10	$	138
Denominator:
Basic weighted average shares	118,467,372		116,674,030		117,953,855		117,052,986
Weighted average dilutive share equivalents:
Share options, restricted stock units, and performance restricted stock units	310,351		889,543		563,243		870,117
Diluted weighted average shares	118,777,723		117,563,573		118,517,098		117,923,103
Basic net income per share (1)	$	0.20	$	0.77	$	0.09	$	1.18
Diluted net income per share (1)	$	0.20	$	0.77	$	0.09	$	1.17

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