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Shareholders' Equity (Tables) | 12 Months Ended
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Apr. 01, 2023
Stockholders' Equity Note [Abstract] |
Changes in Components of Accumulated Other Comprehensive Loss, Net of Taxes | The following table details changes in the components of accumulated other comprehensive income (“AOCI”), net of taxes, for Fiscal 2023, Fiscal 2022 and Fiscal 2021 (in millions):
| Foreign Currency Translation Income (Loss) (1) |  | Net Gain (Loss) on Derivatives (2) |  | Other Comprehensive Income (Loss) Attributable to Capri |  |  |  |
Balance at March 28, 2020 | $ | 72 |  |  | $ | 3 |  |  | $ | 75 |  |  |  |  |
Other comprehensive loss before reclassifications | (15) |  |  | (2) |  |  | (17) |  |  |  |  |
Less: amounts reclassified from AOCI to earnings | — |  |  | 2 |  |  | 2 |  |  |  |  |
Other comprehensive loss, net of tax | (15) |  |  | (4) |  |  | (19) |  |  |  |  |
Balance at March 27, 2021 | 57 |  |  | (1) |  |  | 56 |  |  |  |  |
Other comprehensive income before reclassifications | 127 |  |  | 10 |  |  | 137 |  |  |  |  |
Less: amounts reclassified from AOCI to earnings | — |  |  | (1) |  |  | (1) |  |  |  |  |
Other comprehensive income, net of tax | 127 |  |  | 11 |  |  | 138 |  |  |  |  |
Balance at April 2, 2022 | 184 |  |  | 10 |  |  | 194 |  |  |  |  |
Other comprehensive (loss) income before reclassifications | (41) |  |  | 8 |  |  | (33) |  |  |  |  |
Less: amounts reclassified from AOCI to earnings | — |  |  | 14 |  |  | 14 |  |  |  |  |
Other comprehensive loss, net of tax | (41) |  |  | (6) |  |  | (47) |  |  |  |  |
Balance at April 1, 2023 | $ | 143 |  |  | $ | 4 |  |  | $ | 147 |  |  |  |  |
(1)Foreign currency translation adjustments for Fiscal 2023 primarily include a net $266 million translation loss, partially offset by a $224 million gain, net of taxes of $114 million, primarily relating to the Company’s net investment hedges. Foreign currency translation adjustments for Fiscal 2022 include a $321 million gain, net of taxes of $114 million, primarily relating to the Company’s net investment hedges, and a net $210 million translation loss. Foreign currency translation gains for Fiscal 2021 include a $199 million loss, net of taxes of $63 million, primarily relating to the Company's net investment hedges, a net $189 million translation gain and a net loss of $8 million on intra-entity transactions that are of a long-term investment nature. (2)Reclassified amounts 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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