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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 28, 2024
Mar. 30, 2024
Current assets    
Cash and cash equivalents $ 356 $ 199
Receivables, net 275 332
Inventories, net 892 862
Prepaid expenses and other current assets 212 215
Total current assets 1,735 1,608
Property and equipment, net 533 579
Operating lease right-of-use assets 1,300 1,438
Intangible assets, net 1,099 1,394
Goodwill 667 1,106
Deferred tax assets 362 352
Other assets 209 212
Total assets 5,905 6,689
Current liabilities    
Accounts payable 533 352
Accrued payroll and payroll related expenses 114 107
Accrued income taxes 39 64
Short-term operating lease liabilities 360 400
Short-term debt 25 462
Accrued expenses and other current liabilities 359 310
Total current liabilities 1,430 1,695
Long-term operating lease liabilities 1,278 1,452
Deferred tax liabilities 300 362
Long-term debt 1,454 1,261
Other long-term liabilities 372 319
Total liabilities 4,834 5,089
Commitments and contingencies
Shareholders’ equity    
Ordinary shares, no par value; 650,000,000 shares authorized; 227,667,624 shares issued and 117,908,474 outstanding at December 28, 2024; 226,271,074 shares issued and 116,629,634 outstanding at March 30, 2024 0 0
Treasury shares, at cost (109,759,150 shares at December 28, 2024 and 109,641,440 shares at March 30, 2024) (5,462) (5,458)
Additional paid-in capital 1,466 1,417
Accumulated other comprehensive income 122 161
Retained earnings 4,942 5,479
Total shareholders’ equity of Capri 1,068 1,599
Noncontrolling interest 3 1
Total shareholders’ equity 1,071 1,600
Total liabilities and shareholders’ equity $ 5,905 $ 6,689