XML 41 R29.htm IDEA: XBRL DOCUMENT v3.19.2

Leases (Tables)

3 Months Ended

Jun. 29, 2019

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information Related to Leases

The following table presents the Company’s supplemental balance sheet information related to leases (in millions):

		Balance Sheet Location		June 29, 2019
Assets
Operating leases		Operating lease right-of-use assets		$	1,718
Liabilities
Current:
Operating leases		Current portion of operating lease liabilities		$	384
Non-current:
Operating leases		Long-term portion of operating lease liabilities		$	1,754

The following tables summarizes the weighted average remaining lease term and weighted average discount rate related to the Company’s right-of-use assets and lease liabilities recorded on the balance sheet as of June 29, 2019:

				June 29, 2019
Operating leases:
Weighted average remaining lease term (years)				6.6
Weighted average discount rate				2.9	%

Schedule of Net Lease Costs and Supplemental Cash Flow Information

The components of net lease costs for the three months ended June 29, 2019 was as follows (in millions):

				Three Months Ended
		Statement of Operations and Comprehensive Income Location		June 29, 2019
Operating lease cost		Selling, general and administrative expenses		$	109
Short-term lease cost		Selling, general and administrative expenses		10
Variable lease cost		Selling, general and administrative expenses		40
Sublease income		Selling, general and administrative expenses		(1		)
Total lease cost				$	158

The following table presents the Company’s supplemental cash flow information related to leases (in millions):

				Three Months Ended
				June 29, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases				$	120
Non-cash transactions:
Lease assets obtained in exchange for new lease liabilities				$	30

The following tables summarizes the weighted average remaining lease term and weighted average discount rate related to the Company’s right-of-use assets and lease liabilities recorded on the balance sheet as of June 29, 2019:

				June 29, 2019
Operating leases:
Weighted average remaining lease term (years)				6.6
Weighted average discount rate				2.9	%

Schedule of Contractually Guaranteed Minimum Fees

At June 29, 2019, the future minimum lease payments under the terms of these noncancelable operating lease agreements are as follows (in millions):

				June 29, 2019
Remainder of Fiscal 2020				$	352
Fiscal 2021				432
Fiscal 2022				373
Fiscal 2023				320
Fiscal 2024				268
Thereafter				659
Total lease payments				2,404
Less: interest				(266		)
Total lease liabilities				$	2,138

At June 29, 2019, the future minimum sublease income under the terms of these noncancelable operating lease agreements are as follows (in millions):

				June 29, 2019
Remainder of Fiscal 2020				$	4
Fiscal 2021				6
Fiscal 2022				5
Fiscal 2023				5
Fiscal 2024				4
Thereafter				16
Total sublease income				$	40

Additionally, the Company had approximately $83 million of future payment obligations related to executed lease agreements for which the related lease has not yet commenced as of June 29, 2019.

X

- Definition

Assets And Liabilities, Lessee [Table Text Block]

+ References

No definition available.

+ Details

Name:	cpri_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix:	cpri_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration