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Shareholders' Equity (Tables) | 3 Months Ended
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Jul. 02, 2022
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 (“AOCI”), net of taxes, for the three months ended July 2, 2022 and June 26, 2021, respectively (in millions):
| Foreign Currency Adjustments (1) |  | Net Gains (Losses) on Derivatives (2) |  | Other Comprehensive Income (Loss) Attributable to Capri |  |  |  |
Balance at April 2, 2022 | $ | 184 |  |  | $ | 10 |  |  | $ | 194 |  |  |  |  |
Other comprehensive (loss) income before reclassifications | (107) |  |  | 6 |  |  | (101) |  |  |  |  |
Less: amounts reclassified from AOCI to earnings | — |  |  | 4 |  |  | 4 |  |  |  |  |
Other comprehensive (loss) income, net of tax | (107) |  |  | 2 |  |  | (105) |  |  |  |  |
Balance at July 2, 2022 | $ | 77 |  |  | $ | 12 |  |  | $ | 89 |  |  |  |  |
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 |  |  |  |  |
(1)Foreign currency translation adjustments for the three months ended July 2, 2022 primarily include a $151 million gain, net of taxes of $62 million, relating to the Company’s net investment hedges, and a net $253 million translation loss. Foreign currency translation adjustments for the three months ended June 26, 2021 primarily include 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. (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. 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 https://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 https://asc.fasb.org/extlink&oid=126968391&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 https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
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