Summary of Significant Accounting Policies (Tables)

9 Months Ended

Dec. 28, 2024

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


	December 28, 2024		March 30, 2024
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	$	356	$	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	$	365	$	205

Schedule of Restrictions on Cash and Cash Equivalents


	December 28, 2024		March 30, 2024
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	$	356	$	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	$	365	$	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):


	Nine Months Ended
	December 28, 2024		December 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	374	$	386

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				Nine Months Ended
	December 28, 2024		December 30, 2023		December 28, 2024		December 30, 2023
Numerator:
Net (loss) income attributable to Capri	$	(547)	$	105	$	(537)	$	243
Denominator:
Basic weighted average shares	118,543,746		116,795,382		118,150,485		116,967,118
Weighted average dilutive share equivalents:
Share options, restricted stock units, and performance restricted stock units	—		1,368,146		—		1,036,127
Diluted weighted average shares	118,543,746		118,163,528		118,150,485		118,003,245

Basic net (loss) income per share (1)	$	(4.61)	$	0.89	$	(4.54)	$	2.07
Diluted net (loss) income per share (1)	$	(4.61)	$	0.88	$	(4.54)	$	2.06

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