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Shareholders' Equity | 12 Months Ended
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Mar. 27, 2021
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | Shareholders’ Equity Share Repurchase Program During the first quarter of Fiscal 2021, the Company suspended its $500 million share-repurchase program in response to the continued impact of the COVID-19 pandemic. During Fiscal 2021, the Company did not purchase any shares through open market transactions under the current plan. As of March 27, 2021, the remaining availability under the Company’s share repurchase program was $400 million. Share repurchases may be made in open market or privately negotiated transactions, subject to market conditions, applicable legal requirements, trading transactions under the Company’s insider trading policy and other relevant factors. The program may be suspended or discontinued at any time. The Company also has in place a “withhold to cover” repurchase program, which allows the Company to withhold ordinary shares from certain executive officers and directors to satisfy minimum tax withholding obligations relating to the vesting of their restricted share awards. During Fiscal 2021 and Fiscal 2020, the Company withheld 48,528 shares and 63,958 shares, respectively, with a fair value of $1 million and $2 million, respectively, in satisfaction of minimum tax withholding obligations relating to the vesting of restricted share awards. Accumulated Other Comprehensive Income (Loss) The following table details changes in the components of accumulated other comprehensive income (loss) ("AOCI"), net of taxes for Fiscal 2021, Fiscal 2020 and Fiscal 2019 (in millions):
| Foreign Currency Translation Income (Loss) (1) |  | Net (Loss) Income on Derivatives (2) |  | Other Comprehensive Income (Loss) Attributable to Capri |  |  |  |
Balance at April 1, 2018 | $ | 61 |  |  | $ | (10) |  |  | $ | 51 |  |  |  |  |
Other comprehensive (loss) income before reclassifications | (134) |  |  | 14 |  |  | (120) |  |  |  |  |
Less: amounts reclassified from AOCI to earnings | — |  |  | (3) |  |  | (3) |  |  |  |  |
Other comprehensive (loss) income, net of tax | (134) |  |  | 17 |  |  | (117) |  |  |  |  |
Balance at March 30, 2019 | (73) |  |  | 7 |  |  | (66) |  |  |  |  |
Other comprehensive income before reclassifications | 145 |  |  | 5 |  |  | 150 |  |  |  |  |
Less: amounts reclassified from AOCI to earnings | — |  |  | 9 |  |  | 9 |  |  |  |  |
Other comprehensive income (loss), net of tax | 145 |  |  | (4) |  |  | 141 |  |  |  |  |
Balance at March 28, 2020 | 72 |  |  | 3 |  |  | 75 |  |  |  |  |
Other comprehensive loss before reclassifications | (15) |  |  | (2) |  |  | (17) |  |  |  |  |
Less: amounts reclassified from AOCI to earnings | — |  |  | 2 |  |  | 2 |  |  |  |  |
Other comprehensive loss, net of tax | (15) |  |  | (4) |  |  | (19) |  |  |  |  |
Balance at March 27, 2021 | $ | 57 |  |  | $ | (1) |  |  | $ | 56 |  |  |  |  |
(1)Foreign currency translation losses for Fiscal 2021 primarily include a $199 million loss, net of taxes of $63 million, primarily relating to the Company’s net investment hedges, a net $189 million translation gain and a net loss of $8 million, on intra-entity transactions that are of a long-term investment nature. Foreign currency translation gains for Fiscal 2020 includes a $219 million gain, net of taxes of $45 million, relating to the Company's net investment hedges, a $60 million translation loss relating to the Jimmy Choo business, a $10 million translation loss relating to the Versace business and a net gain of $6 million, on intra-entity transactions that are of a long-term investment nature. (2)Reclassified amounts relate to the Company’s forward foreign currency exchange contracts for inventory purchases and are recorded within cost of goods sold in the Company’s consolidated statements of operations and comprehensive (loss) income. Other comprehensive income (loss) before reclassifications related to derivative instruments for Fiscal 2021 was immaterial. Other comprehensive income (loss) before reclassifications related to derivative instruments for Fiscal 2020 and Fiscal 2019 is net of a tax benefits of $0 million and $2 million, respectively. All tax effects were not material for the periods presented.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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