Shareholders' Equity (Tables)

3 Months Ended

Jun. 28, 2025

Equity [Abstract]

Schedule of Changes in Components of Accumulated Other Comprehensive Income (Loss), Net of Taxes

The following table details changes in the components of accumulated other comprehensive (loss) income (“AOCI”), net of taxes, for the three months ended June 28, 2025 and June 29, 2024, respectively (in millions):

	Foreign Currency Translation Adjustments (1)		Net Loss on Derivatives (2)		Other Comprehensive (Loss) Income Attributable to Capri
Balance at March 29, 2025	$	67	$	(10)	$	57
Other comprehensive loss before reclassifications	(451)		(4)		(455)
Loss reclassified from AOCI to earnings	—		2		2
Other comprehensive loss, net of tax	(451)		(2)		(453)
Balance at June 28, 2025	$	(384)	$	(12)	$	(396)
Balance at March 30, 2024	$	161	$	—	$	161
Other comprehensive loss before reclassifications	(29)		—		(29)
Balance at June 29, 2024	$	132	$	—	$	132

(1)Foreign currency translation adjustments for the three months ended June 28, 2025 primarily include a $437 million loss, net of taxes of $148 million, relating to the Company’s net investment hedges, as well as a net $14 million translation loss. Foreign currency translation adjustments for the three months ended June 29, 2024 primarily include a $19 million loss, net of taxes of $7 million, relating to the Company’s net investment hedges, and a net $10 million translation loss.

(2)Other comprehensive loss before reclassifications for the three months ended June 28, 2025 primarily relate to the Company’s foreign currency exchange contracts for inventory purchases. Reclassifications from AOCI into earnings for three months ended June 28, 2025 relate to the Company’s interest rate swaps of $2 million, net of taxes and are recorded within interest income, net, in the Company’s consolidated statements of operations and comprehensive income (loss).