XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
 3 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Income Statement [Abstract]    
Total revenue $ 1,346 $ 1,203
Cost of goods sold 512 452
Gross profit 834 751
Selling, general and administrative expenses 598 465
Depreciation and amortization 60 56
Impairment of long-lived assets 97 4
Restructuring and other charges [1] 15 11
Total operating expenses 770 536
Income from operations 64 215
Other income, net (2) (1)
Interest expense, net 13 8
Foreign currency loss 2 3
Income before provision for income taxes 51 205
Provision for income taxes 6 19
Net income attributable to Capri $ 45 $ 186
Weighted average ordinary shares outstanding:    
Weighted average ordinary shares outstanding, basic (in shares) 151,049,572 149,502,101
Weighted average ordinary shares outstanding, diluted (in shares) 152,334,153 152,399,655
Net income per ordinary share attributable to Capri:    
Net income per ordinary share, basic (in dollars per share) $ 0.30 $ 1.25
Net income per ordinary share, diluted (in dollars per share) $ 0.30 $ 1.22
Statements of Comprehensive Income:    
Net income $ 45 $ 186
Foreign currency translation adjustments (25) (103)
Net (loss) gain on derivatives (2) 12
Comprehensive income attributable to Capri $ 18 $ 95
[1]
Restructuring and other charges includes store closure costs recorded in connection with the Michael Kors Retail Fleet Optimization Plan (as defined in Note 10) and other restructuring initiatives, and costs recorded in connection with the acquisitions of Gianni Versace S.r.l and Jimmy Choo Group Limited.