Shareholders' Equity (Tables)

9 Months Ended

Dec. 28, 2024

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 nine months ended December 28, 2024 and December 30, 2023, respectively (in millions):


	Foreign Currency Translation Adjustments (1)		Net (Loss) Gain on Derivatives (2)		Other Comprehensive Income Attributable to Capri
Balance at March 30, 2024	$	161	$	—	$	161
Other comprehensive loss before reclassifications	(28)		(11)		(39)
Less: amounts reclassified from AOCI to earnings	—		—		—
Other comprehensive loss, net of tax	(28)		(11)		(39)
Balance at December 28, 2024	$	133	$	(11)	$	122

Balance at April 1, 2023	$	143	$	4	$	147
Other comprehensive loss before reclassifications	(112)		—		(112)
Less: amounts reclassified from AOCI to earnings	—		4		4
Other comprehensive loss, net of tax	(112)		(4)		(116)
Balance at December 30, 2023	$	31	$	—	$	31

(1)Foreign currency translation adjustments for the nine months ended December 28, 2024 primarily include a $19 million loss, net of taxes of $7 million, relating to the Company’s net investment hedges, as well as a net $9 million translation loss. Foreign currency translation adjustments for the nine months ended December 30, 2023 primarily include a $159 million loss, net of taxes of $59 million, relating to the Company’s net investment and fair value hedges partially offset by a net $47 million translation gain.

(2)For the nine months ended December 28, 2024, reclassified amounts primarily relate to the Company’s interest rate swaps, net of taxes of $3 million, and are recorded within interest (income) expense, net, in the Company’s consolidated statements of operations and comprehensive (loss) income. For the nine months ended December 30, 2023, 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 (loss) income. All tax effects were not material for the nine months ended December 30, 2023.