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Shareholders' Equity (Tables) | 12 Months Ended
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Mar. 29, 2025
Stockholders' Equity Note [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 Fiscal 2025, Fiscal 2024 and Fiscal 2023 (in millions):
| Foreign Currency Translation Gain (Loss) (1) |  | Net Gain (Loss) on Derivatives (2) |  | Other Comprehensive Income (Loss) Attributable to Capri |  |  |  |
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 |  |  |  |  |
Other comprehensive (loss) income before reclassifications | 18 |  |  | (14) |  |  | 4 |  |  |  |  |
Less: amounts reclassified from AOCI to earnings | — |  |  | (10) |  |  | (10) |  |  |  |  |
Other comprehensive income, net of tax | 18 |  |  | (4) |  |  | 14 |  |  |  |  |
Balance at March 30, 2024 | 161 |  |  | — |  |  | 161 |  |  |  |  |
Other comprehensive loss before reclassifications | (94) |  |  | (10) |  |  | (104) |  |  |  |  |
Less: amounts reclassified from AOCI to earnings | — |  |  | — |  |  | — |  |  |  |  |
Other comprehensive loss, net of tax | (94) |  |  | (10) |  |  | (104) |  |  |  |  |
Balance at March 29, 2025 | $ | 67 |  |  | $ | (10) |  |  | $ | 57 |  |  |  |  |
(1)Foreign currency translation adjustments for Fiscal 2025 primarily include a net $5 million translation loss, and a $89 million loss, net of taxes of $40 million, primarily relating to the Company’s net investment hedges. Foreign currency translation adjustments for Fiscal 2024 primarily include a net $25 million translation gain, partially offset by a $7 million loss, net of taxes of $2 million, primarily relating to the Company’s net investment hedges. 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. (2)Reclassifications from AOCI into earnings for Fiscal 2025 primarily relate to the Company’s interest rate swaps, net of taxes of $2 million, and are recorded within interest (income) expense, net, in the Company’s consolidated statements of operations and comprehensive (loss) income. Reclassifications from AOCI into earnings for Fiscal 2024 primarily include a $14 million loss related to the Company’s GBP fair value hedge due to the settlement of the associated Euro denominated intercompany loans and are recorded within foreign currency loss in the Company’s consolidated statements of operations and comprehensive (loss) income. This is partially offset by a $4 million gain related to the 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 (loss) income. Reclassifications from AOCI into earnings for Fiscal 2023 primarily include a $14 million gain related to the 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 (loss) income.

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