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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Apr. 01, 2023
Accounting Policies [Abstract] |
Activity and Balances of Sales Reserves | The following table details the activity and balances of the Company’s sales reserves for the fiscal years ended April 1, 2023, April 2, 2022, and March 27, 2021 (in millions):
| Balance Beginning of Year |  | Amounts Charged to Revenue |  | Write-offs Against Reserves |  | Balance at Year End
Total Sales Reserves: |  |  |  |  |  |  |
Fiscal Year Ended April 1, 2023 | $ | 92 |  |  | $ | 400 |  |  | $ | (397) |  |  | $ | 95 |
Fiscal Year Ended April 2, 2022 | 98 |  |  | 333 |  |  | (339) |  |  | 92 |
Fiscal Year Ended March 27, 2021 | 166 |  |  | 313 |  |  | (381) |  |  | 98 |
Schedule of Cash and Cash Equivalents | A reconciliation of cash, cash equivalents and restricted cash as of April 1, 2023 and April 2, 2022 from the consolidated balance sheets to the consolidated statements of cash flows is as follows:
| Fiscal Years Ended
| April 1, 2023 |  | April 2, 2022
Reconciliation of cash, cash equivalents and restricted cash |  |  |
Cash and cash equivalents | $ | 249 |  |  | $ | 169 |
Restricted cash included within prepaid expenses and other current assets | 7 |  |  | 3 |
Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows | $ | 256 |  |  | $ | 172 |
Restrictions on Cash and Cash Equivalents | A reconciliation of cash, cash equivalents and restricted cash as of April 1, 2023 and April 2, 2022 from the consolidated balance sheets to the consolidated statements of cash flows is as follows:
| Fiscal Years Ended
| April 1, 2023 |  | April 2, 2022
Reconciliation of cash, cash equivalents and restricted cash |  |  |
Cash and cash equivalents | $ | 249 |  |  | $ | 169 |
Restricted cash included within prepaid expenses and other current assets | 7 |  |  | 3 |
Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows | $ | 256 |  |  | $ | 172 |
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 (loss) per ordinary share and diluted net income (loss) per ordinary share are as follows (in millions, except share and per share data):
| Fiscal Years Ended
| April 1, 2023 |  | April 2, 2022 |  | March 27, 2021
Numerator: |  |  |  |  |
Net income (loss) attributable to Capri | $ | 616 |  |  | $ | 822 |  |  | $ | (62) |
Denominator: |  |  |  |  |
Basic weighted average shares | 132,532,009 |  |  | 149,724,675 |  |  | 150,453,568 |
Weighted average dilutive share equivalents: |  |  |  |  |
Share options, restricted stock units, and performance restricted stock units | 1,470,471 |  |  | 2,773,232 |  |  | — |
Diluted weighted average shares | 134,002,480 |  |  | 152,497,907 |  |  | 150,453,568 |
Basic net income (loss) per share (1) | $ | 4.65 |  |  | $ | 5.49 |  |  | $ | (0.41) |
Diluted net income (loss) per share (1) | $ | 4.60 |  |  | $ | 5.39 |  |  | $ | (0.41) |
(1)Basic and diluted net income (loss) per share are calculated using unrounded numbers.

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