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Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Mar. 30, 2019
Stockholders' Equity Note [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
The following table details changes in the components of accumulated other comprehensive income (loss), net of taxes for Fiscal 2019, Fiscal 2018 and Fiscal 2017 (in millions):
 
Foreign  Currency
Translation (Losses)
Gains (1)
 
Net (Losses) Gains on
Derivatives (2)
 
Other Comprehensive (Loss)/Gain Attributable to Capri
Balance at April 2, 2016
$
(78
)
 
$
(3
)
 
$
(81
)
Other comprehensive (loss) income before reclassifications
(9
)
 
9

 

Less: amounts reclassified from AOCI to earnings

 

 

Other comprehensive (loss) income, net of tax
(9
)
 
9

 

Balance at April 1, 2017
(87
)
 
6

 
(81
)
Other comprehensive income (loss) before reclassifications
148

 
(19
)
 
129

Less: amounts reclassified from AOCI to earnings

 
(3
)
 
(3
)
Other comprehensive income (loss), net of tax
148

 
(16
)
 
132

Balance at March 31, 2018
61

 
(10
)
 
51

Other comprehensive (loss) income before reclassifications
(134
)
 
14

 
(120
)
Less: amounts reclassified from AOCI to earnings

 
(3
)
 
(3
)
Other comprehensive (loss) income, net of tax
(134
)
 
17

 
(117
)
Balance at March 30, 2019
$
(73
)
 
$
7

 
$
(66
)
 
 
(1) 
Foreign currency translation gains and losses include net gains of $6 million and net losses of $9 million for Fiscal 2019 and Fiscal 2018, respectively, on intra-entity transactions that are of a long-term investment nature. Foreign currency translation losses for Fiscal 2019 include a $105 million translation loss relating to the Jimmy Choo business, a $33 million translation loss relating to the Versace business and a $39 million gain, net of taxes of $8 million relating to the Company’s net investment hedges. Foreign currency translation gains for Fiscal 2018 includes an $89 million translation gain related to the Jimmy Choo business.
(2) 
Reclassified amounts relate to the Company’s forward foreign currency exchange contracts for inventory purchases and are recorded within cost of goods sold in the Company’s consolidated statements of operations and comprehensive income. Other comprehensive income (loss) before reclassifications related to derivative instruments for Fiscal 2019, Fiscal 2018, and Fiscal 2017 is net of a tax (benefits) provision of $(2) million, $(3) million, and $1 million, respectively. All other tax effects were not material.