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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 29, 2025
Mar. 30, 2024
Current assets    
Cash and cash equivalents $ 166 $ 199
Receivables, net 277 332
Inventories, net 869 862
Prepaid expenses and other current assets 209 215
Total current assets 1,521 1,608
Property and equipment, net 513 579
Operating lease right-of-use assets 1,213 1,438
Intangible assets, net 1,116 1,394
Goodwill 688 1,106
Deferred tax assets 0 352
Other assets 162 212
Total assets 5,213 6,689
Current liabilities    
Accounts payable 485 352
Accrued payroll and payroll related expenses 109 107
Accrued income taxes 68 64
Short-term operating lease liabilities 350 400
Short-term debt 24 462
Accrued expenses and other current liabilities 300 310
Total current liabilities 1,336 1,695
Long-term operating lease liabilities 1,253 1,452
Deferred tax liabilities 339 362
Long-term debt 1,476 1,261
Other long-term liabilities 437 319
Total liabilities 4,841 5,089
Commitments and contingencies
Shareholders’ equity    
Ordinary shares, no par value; 650,000,000 shares authorized; 227,672,351 shares issued and 117,913,201 outstanding at March 29, 2025; 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 March 29, 2025 and 109,641,440 shares at March 30, 2024) (5,462) (5,458)
Additional paid-in capital 1,476 1,417
Accumulated other comprehensive income 57 161
Retained earnings 4,297 5,479
Total shareholders’ equity of Capri 368 1,599
Noncontrolling interest 4 1
Total shareholders’ equity 372 1,600
Total liabilities and shareholders’ equity $ 5,213 $ 6,689