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v3.22.2.2

Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Oct. 01, 2022
Accounting Policies [Abstract] |
Schedule of Cash and Cash Equivalents | A reconciliation of cash, cash equivalents and restricted cash as of October 1, 2022 and April 2, 2022 from the consolidated balance sheets to the consolidated statements of cash flows is as follows (in millions):
| October 1, 2022 |  | April 2, 2022
Reconciliation of cash, cash equivalents and restricted cash |  |  |
Cash and cash equivalents | $ | 215 |  |  | $ | 169 |
Restricted cash included within prepaid expenses and other current assets | 4 |  |  | 3 |
Total cash, cash equivalents and restricted cash shown on the consolidated statements of cash flows | $ | 219 |  |  | $ | 172 |
Restrictions on Cash and Cash Equivalents | A reconciliation of cash, cash equivalents and restricted cash as of October 1, 2022 and April 2, 2022 from the consolidated balance sheets to the consolidated statements of cash flows is as follows (in millions):
| October 1, 2022 |  | April 2, 2022
Reconciliation of cash, cash equivalents and restricted cash |  |  |
Cash and cash equivalents | $ | 215 |  |  | $ | 169 |
Restricted cash included within prepaid expenses and other current assets | 4 |  |  | 3 |
Total cash, cash equivalents and restricted cash shown on the consolidated statements of cash flows | $ | 219 |  |  | $ | 172 |
Schedule of Net Lease Costs and Supplemental Cash Flow Information | The following table presents the Company’s supplemental cash flow information related to leases (in millions):
|  |  |  | Six Months Ended
|  |  |  | October 1, 2022 |  | September 25, 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows used in operating leases (1) |  | $ | 248 |  |  | $ | 257 |
(1)Operating cash flows used in operating leases for the six months ended September 25, 2021 excluded $5 million of deferred rent payments due to the COVID-19 pandemic.
Schedule of Components of Calculation of Basic Net Income Per Ordinary Share and Diluted Net Income Per Ordinary Share | The components of the calculation of basic net income per ordinary share and diluted net income per ordinary share are as follows (in millions, except share and per share data):
| Three Months Ended |  | Six Months Ended
| October 1, 2022 |  | September 25, 2021 |  | October 1, 2022 |  | September 25, 2021
Numerator: |  |  |  |  |  |  |
Net income attributable to Capri | $ | 224 |  |  | $ | 200 |  |  | $ | 425 |  |  | $ | 419 |
Denominator: |  |  |  |  |  |  |
Basic weighted average shares | 136,037,449 |  |  | 151,859,760 |  |  | 138,975,518 |  |  | 151,604,916 |
Weighted average dilutive share equivalents: |  |  |  |  |  |  |
Share options and restricted shares/units, and performance restricted share units | 1,014,126 |  |  | 2,359,489 |  |  | 1,417,262 |  |  | 2,958,616 |
Diluted weighted average shares | 137,051,575 |  |  | 154,219,249 |  |  | 140,392,780 |  |  | 154,563,532 |
Basic net income per share (1) | $ | 1.64 |  |  | $ | 1.31 |  |  | $ | 3.06 |  |  | $ | 2.76 |
Diluted net income per share (1) | $ | 1.63 |  |  | $ | 1.30 |  |  | $ | 3.03 |  |  | $ | 2.71 |
(1)Basic and diluted net income per share are calculated using unrounded numbers.

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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