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Restructuring and Other Charges | 12 Months Ended
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Apr. 02, 2022
Restructuring and Related Activities [Abstract] |
Restructuring and Other Charges | Restructuring and Other Charges Capri Retail Store Optimization Program During Fiscal 2022, the Company completed its plan to close certain retail stores as a part of Capri Retail Store Optimization Program. The Company closed a total of 167 of its retail stores, with 66 and 101 stores having closed during Fiscal 2022 and Fiscal 2021, respectively. Net restructuring charges recorded in connection with the Capri Retail Store Optimization Program was $14 million, of which $9 million and $5 million was recorded during Fiscal 2022 and Fiscal 2021, respectively. The below table presents a roll forward of the Company’s restructuring liability related to its Capri Retail Store Optimization Program (in millions):
| Severance and benefit costs |  | Lease-related and other costs |  | Total
Balance at March 27, 2021 | $ | — |  |  | $ | 3 |  |  | $ | 3 |
Additions charged to expense (1) | 1 |  |  | 3 |  |  | 4 |
Payments | (1) |  |  | (5) |  |  | (6) |
Balance at April 2, 2022 | $ | — |  |  | $ | 1 |  |  | $ | 1 |
(1)Excludes $10 million of impairment charges related to operating lease right-of-use assets partially offset by a net credit of $5 million related to gains on certain lease terminations during Fiscal 2022. Other Restructuring Charges In addition to the restructuring charges related to the Capri Retail Store Optimization Plan, the Company incurred charges of $15 million primarily relating to severance for an executive officer and the closure of certain corporate locations during Fiscal 2022. In addition to the restructuring charges related to the Capri Retail Store Optimization Plan, the Company incurred charges of $8 million primarily relating to the closure of certain corporate locations during Fiscal 2021. Other Costs The Company recorded costs of $18 million and $19 million during Fiscal 2022 and Fiscal 2021, respectively, for equity awards associated with the acquisition of Versace.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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