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Shareholders' Equity (Tables) | 6 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Schedule of 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 six months ended September 30, 2023 and October 1, 2022, respectively (in millions):
| Foreign Currency Adjustments (1) |  | Net Gain on Derivatives (2) |  | Other Comprehensive Income Attributable to Capri |  |  |  |
Balance at April 1, 2023 | $ | 143 |  |  | $ | 4 |  |  | $ | 147 |  |  |  |  |
Other comprehensive loss before reclassifications | (13) |  |  | — |  |  | (13) |  |  |  |  |
Less: amounts reclassified from AOCI to earnings | — |  |  | 4 |  |  | 4 |  |  |  |  |
Other comprehensive loss, net of tax | (13) |  |  | (4) |  |  | (17) |  |  |  |  |
Balance at September 30, 2023 | $ | 130 |  |  | $ | — |  |  | $ | 130 |  |  |  |  |
Balance at April 2, 2022 | $ | 184 |  |  | $ | 10 |  |  | $ | 194 |  |  |  |  |
Other comprehensive (loss) income before reclassifications | (232) |  |  | 10 |  |  | (222) |  |  |  |  |
Less: amounts reclassified from AOCI to earnings | — |  |  | 7 |  |  | 7 |  |  |  |  |
Other comprehensive (loss) income, net of tax | (232) |  |  | 3 |  |  | (229) |  |  |  |  |
Balance at October 1, 2022 | $ | (48) |  |  | $ | 13 |  |  | $ | (35) |  |  |  |  |
(1)Foreign currency translation adjustments for the six months ended September 30, 2023 primarily include a net $29 million translation loss, partially offset by a $16 million gain, net of taxes, relating to the Company’s net investment and fair value hedges. The tax effect of the net investment and fair value hedges was not material. Foreign currency translation adjustments for the six months ended October 1, 2022 primarily include a $486 million translation loss partially offset by a $247 million gain, net of taxes of $118 million, relating to the Company’s net investment hedges. (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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