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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 27, 2020
Mar. 28, 2020
Current assets    
Cash and cash equivalents $ 207 $ 592
Receivables, net 183 308
Inventories, net 948 827
Prepaid expenses and other current assets 151 167
Total current assets 1,489 1,894
Property and equipment, net 541 561
Operating lease right-of-use assets 1,641 1,625
Intangible assets, net 1,977 1,986
Goodwill 1,490 1,488
Deferred tax assets 226 225
Other assets 169 167
Total assets 7,533 7,946
Current liabilities    
Accounts payable 596 428
Accrued payroll and payroll related expenses 94 93
Accrued income taxes 34 42
Short-term operating lease liabilities 431 430
Short-term debt 191 167
Accrued expenses and other current liabilities 243 241
Total current liabilities 1,589 1,401
Long-term portion of operating lease liabilities 1,751 1,758
Deferred tax liabilities 465 465
Long-term debt 1,577 2,012
Other long-term liabilities 144 142
Total liabilities 5,526 5,778
Commitments and contingencies
Shareholders’ equity    
Ordinary shares, no par value; 650,000,000 shares authorized; 218,272,709 shares issued and 150,340,192 outstanding at June 27, 2020; 217,320,010 shares issued and 149,425,612 outstanding at March 28, 2020 0 0
Treasury shares, at cost (67,932,517 shares at June 27, 2020 and 67,894,398 shares at March 28, 2020) (3,326) (3,325)
Additional paid-in capital 1,109 1,085
Accumulated other comprehensive income 71 75
Retained earnings 4,152 4,332
Total shareholders’ equity of Capri 2,006 2,167
Noncontrolling interest 1 1
Total shareholders’ equity 2,007 2,168
Total liabilities and shareholders’ equity $ 7,533 $ 7,946