XML 68 R56.htm IDEA: XBRL DOCUMENT
v3.20.2

Debt Obligations - Narrative (Details) | Jun. 26, 2021 USD ($) | Jun. 25, 2020 USD ($) | Dec. 01, 2020 USD ($) | Oct. 01, 2020 USD ($) | Sep. 26, 2020 USD ($) | Mar. 28, 2020 USD ($)
--- | --- | --- | --- | --- | --- | ---
Debt Instrument [Line Items] |  |  |  |  |  |
Long-term debt |  |  |  |  | $ 1,581,000,000 | $ 2,012,000,000
Short-term debt |  |  |  |  | 200,000,000 | 167,000,000
Long-term debt |  |  |  |  | 1,781,000,000 | 2,179,000,000
Revolving Credit Facilities | Revolving Credit Facilities |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Letter of credit outstanding |  |  |  |  | 22,000,000 |
Revolving Credit Facilities | 2018 Credit Facility | Revolving Credit Facilities |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Net cash proceeds in the aggregate |  | $ 100,000,000 |  |  |  |
Outstanding principal amount of bilateral letters of credit and bilateral bank guarantees |  | $ 50,000,000 |  |  |  |
Long-term debt |  |  |  |  | 274,000,000 | 681,000,000
Amount available for future borrowings |  |  |  |  | 704,000,000 |
Revolving Credit Facilities | 2018 Credit Facility | Revolving Credit Facilities | Subsequent event |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Leverage ratio on credit facility | 3.75 |  |  |  |  |
Covenant, cash and cash equivalents threshold |  |  | $ 500,000,000 | $ 400,000,000 |  |
Revolving Credit Facilities | 2018 Credit Facility | Revolving Credit Facilities | Maximum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Leverage ratio on credit facility |  | 4.00 |  |  |  |
Revolving Credit Facilities | 2018 Credit Facility | Revolving Credit Facilities | Maximum | Subsequent event |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Covenant, cash and cash equivalents threshold | $ 100,000,000 |  |  |  |  |
Supply chain financing | $ 150,000,000 |  |  |  |  |
Revolving Credit Facilities | 2018 Credit Facility | Revolving Credit Facilities | Minimum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Covenant, cash and cash equivalents threshold |  | $ 300,000,000 |  |  |  |
Revolving Credit Facilities | 364 Day Facility | Revolving Credit Facilities |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Maximum borrowing capacity |  | $ 230,000,000 |  |  |  |
Debt term |  | 364 days |  |  |  |
Commitment fee percentage |  | 0.35% |  |  |  |
Amount available for future borrowings |  |  |  |  | 230,000,000 |
Revolving Credit Facilities | 364 Day Facility | Revolving Credit Facilities | LIBOR |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, basis spread on variable rate |  | 2.25% |  |  |  |
Revolving Credit Facilities | 364 Day Facility | Revolving Credit Facilities | Base Rate |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, basis spread on variable rate |  | 1.25% |  |  |  |
Revolving Credit Facilities | 364 Day Facility | Minimum | Revolving Credit Facilities |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Covenant, cash and cash equivalents threshold |  | $ 200,000,000 |  |  |  |
2018 Term Loan Facility | Term Loan Facility | Revolving Credit Facilities |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Borrowings outstanding |  |  |  |  | 985,000,000 | 1,010,000,000.000
Short-term debt |  |  |  |  | 128,000,000 | 128,000,000
Long-term debt |  |  |  |  | $ 857,000,000 | $ 882,000,000

X
- Definition Debt Instrument, Covenant, Cash And Cash Equivalents Threshold + References No definition available. + Details
Name: | cpri_DebtInstrumentCovenantCashAndCashEquivalentsThreshold
Namespace Prefix: | cpri_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Debt Instrument, Covenant, Leverage Ratio + References No definition available. + Details
Name: | cpri_DebtInstrumentCovenantLeverageRatio
Namespace Prefix: | cpri_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Covenant, Maximum Debt Prepayment With Asset Disposition Proceeds + References No definition available. + Details
Name: | cpri_DebtInstrumentCovenantMaximumDebtPrepaymentWithAssetDispositionProceeds
Namespace Prefix: | cpri_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Debt Instrument, Maximum Guaranteed Secured Working Capital Facilities + References No definition available. + Details
Name: | cpri_DebtInstrumentMaximumGuaranteedSecuredWorkingCapitalFacilities
Namespace Prefix: | cpri_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Long-Term Debt, Supply Chain + References No definition available. + Details
Name: | cpri_LongTermDebtSupplyChain
Namespace Prefix: | cpri_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Short Term Debt, Maximum Borrowing Capacity + References No definition available. + Details
Name: | cpri_ShortTermDebtMaximumBorrowingCapacity
Namespace Prefix: | cpri_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. + References No definition available. + Details
Name: | us-gaap_LettersOfCreditOutstandingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(3) -URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cpri_CreditFacility2018Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cpri_ThreeHundredSixtyFourDayFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_BaseRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=cpri_A2018TermLoanFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cpri_TermLoanFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |