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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 29, 2019
Mar. 30, 2019
Current assets    
Cash and cash equivalents $ 160 $ 172
Receivables, net 310 383
Inventories 1,016 953
Prepaid expenses and other current assets 224 221
Total current assets 1,710 1,729
Property and equipment, net 608 615
Operating lease right-of-use assets 1,718  
Intangible assets, net 2,250 2,293
Goodwill 1,652 1,659
Deferred tax assets 149 112
Other assets 221 242
Total assets 8,308 6,650
Current liabilities    
Accounts payable 355 371
Accrued payroll and payroll related expenses 96 133
Accrued income taxes 36 34
Current operating lease liabilities 384  
Short-term debt 514 630
Accrued expenses and other current liabilities 283 374
Total current liabilities 1,668 1,542
Long-term portion of operating lease liabilities 1,754  
Deferred rent 0 132
Deferred tax liabilities 431 438
Long-term debt 1,917 1,936
Other long-term liabilities 210 166
Total liabilities 5,980 4,214
Commitments and contingencies
Redeemable noncontrolling interest 4 4
Shareholders’ equity    
Ordinary shares, no par value; 650,000,000 shares authorized; 216,742,279 shares issued and 151,565,342 outstanding at June 29, 2019; 216,050,939 shares issued and 150,932,306 outstanding at March 30, 2019 0 0
Treasury shares, at cost (65,176,937 shares at June 29, 2019 and 65,118,633 shares at March 30, 2019) (3,225) (3,223)
Additional paid-in capital 1,039 1,011
Accumulated other comprehensive loss (93) (66)
Retained earnings 4,600 4,707
Total shareholders’ equity of Capri 2,321 2,429
Noncontrolling interest 3 3
Total shareholders’ equity 2,324 2,432
Total liabilities and shareholders’ equity $ 8,308 $ 6,650