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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Sep. 28, 2019
Accounting Policies [Abstract] |
Schedule of Components of Calculation of Basic Net Income Per Ordinary Share and Diluted Net Income Per Ordinary Share | The components of the calculation of basic net income per ordinary share and diluted net income per ordinary share are as follows (in millions, except share and per share data):
| Three Months Ended |  | Six Months Ended
| September 28, 2019 |  | September 29, 2018 |  | September 28, 2019 |  | September 29, 2018
Numerator: |  |  |  |  |  |  |
Net income attributable to Capri | $ | 73 |  |  | $ | 138 |  |  | $ | 118 |  |  | $ | 324 |
Denominator: |  |  |  |  |  |  |
Basic weighted average shares | 151,602,502 |  |  | 149,575,112 |  |  | 151,326,037 |  |  | 149,538,607 |
Weighted average dilutive share equivalents: |  |  |  |  |  |  |
Share options and restricted shares/units, and performance restricted share units | 973,781 |  |  | 2,130,573 |  |  | 1,129,181 |  |  | 2,514,064 |
Diluted weighted average shares | 152,576,283 |  |  | 151,705,685 |  |  | 152,455,218 |  |  | 152,052,671 |
Basic net income per share (1) | $ | 0.48 |  |  | $ | 0.92 |  |  | $ | 0.78 |  |  | $ | 2.17 |
Diluted net income per share (1) | $ | 0.47 |  |  | $ | 0.91 |  |  | $ | 0.77 |  |  | $ | 2.13 |
(1) Basic and diluted net income per share are calculated using unrounded numbers.
Schedule of Impact of Adoption of New Accounting Pronouncements | The below table details the balance sheet adjustments recorded on March 31, 2019 in connection with the Company’s adoption of ASU 2016-02 (in millions):
| March 30, 2019 As Reported under ASC 840 |  | ASC 842 Adjustments |  | March 31, 2019 As Reported Under ASC 842
Assets |  |  |  |  |
Prepaid expenses and other current assets | $ | 221 |  |  | $ | (23 | ) | (1) | $ | 198 |
Operating lease right-of-use assets | — |  |  | 1,856 |  | (2) | 1,856 |
Intangible assets, net | 2,293 |  |  | (20 | ) | (3) | 2,273 |
Deferred tax assets | 112 |  |  | 38 |  | (4) | 150 |
Liabilities |  |  |  |  |
Current portion of operating lease liabilities | — |  |  | 386 |  | (5) | 386 |
Accrued expenses and other current liabilities | 374 |  |  | (72 | ) | (6) | 302 |
Long-term portion of operating lease liabilities | — |  |  | 1,828 |  | (5) | 1,828 |
Deferred Rent | 132 |  |  | (132 | ) | (7) | — |
Deferred tax liabilities | 438 |  |  | (7 | ) | (4) | 431 |
Shareholders’ Equity |  |  |  |  |
Retained earnings | 4,707 |  |  | (152 | ) | (4) | 4,555 |
(1) | Represents the reclassification of rent paid in advance to current operating lease liabilities.
(2) | Represents the recognition of operating lease right-of-use assets, reflecting the reclassifications of deferred rent, sublease liabilities, tenant allowances and favorable and unfavorable lease rights. This balance also reflects the initial impairments of the operating lease right-of-use assets recorded through retained earnings, as described below.
(3) | Represents the reclassifications favorable and unfavorable purchase accounting adjustments for leases recorded in conjunction with the Company’s acquisitions to operating lease right-of-use assets.
(4) | Represents the initial impairment recognized through retained earnings for certain underperforming retail store locations for which property and equipments were previously impaired, net of associated deferred taxes.
(5) | Represents the recognition of current and non-current lease liabilities for fixed payments associated with the Company’s operating leases.
(6) | Represents the reclassification of $54 million in sublease liabilities, primarily related to Michael Kors retail stores closed under the Retail Fleet Optimization Plan as defined in Note 10, as well as the reclassification of $18 million of deferred rent and tenant allowances to operating lease right-of-use assets.
(7) Represents the reclassification of noncurrent deferred rent and tenant improvement allowances to operating lease right-of-use assets.

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