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Shareholders' Equity (Tables) | 3 Months Ended
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Jun. 26, 2021
Equity [Abstract] |
Changes in Components of Accumulated Other Comprehensive Income (Loss), Net of Taxes | The following table details changes in the components of accumulated other comprehensive income (loss) (“AOCI”), net of taxes, for the three months ended June 26, 2021 and June 27, 2020, respectively (in millions):
| Foreign Currency Translation Gains (Losses) (1) |  | Net (Losses) Gains on Derivatives (2) |  | Other Comprehensive Income (Loss) Attributable to Capri |  |  |  |
Balance at March 27, 2021 | $ | 57 |  |  | $ | (1) |  |  | $ | 56 |  |  |  |  |
Other comprehensive income (loss) before reclassifications | 91 |  |  | (1) |  |  | 90 |  |  |  |  |
Less: amounts reclassified from AOCI to earnings | — |  |  | (1) |  |  | (1) |  |  |  |  |
Other comprehensive income, net of tax | 91 |  |  | — |  |  | 91 |  |  |  |  |
Balance at June 26, 2021 | $ | 148 |  |  | $ | (1) |  |  | $ | 147 |  |  |  |  |
Balance at March 28, 2020 | $ | 72 |  |  | $ | 3 |  |  | $ | 75 |  |  |  |  |
Other comprehensive loss before reclassifications | (3) |  |  | — |  |  | (3) |  |  |  |  |
Less: amounts reclassified from AOCI to earnings | — |  |  | 1 |  |  | 1 |  |  |  |  |
Other comprehensive loss, net of tax | (3) |  |  | (1) |  |  | (4) |  |  |  |  |
Balance at June 27, 2020 | $ | 69 |  |  | $ | 2 |  |  | $ | 71 |  |  |  |  |
(1)Foreign currency translation gains and losses for the three months ended June 26, 2021 primarily include a net loss of $1 million on intra-entity transactions that are of a long-term investment nature, and a $64 million gain, net of taxes of $19 million, relating to the Company's net investment hedges, in addition to a net $27 million translation gain. Foreign currency translation gains and losses for the three months ended June 27, 2020 primarily include net gains of $1 million on intra-entity transactions that are of a long-term investment nature. (2)Reclassified amounts primarily 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 income (loss). All tax effects were not material for the periods presented.

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
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