XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.25.3

Summary of Significant Accounting Policies (Tables) | 6 Months Ended
--- | ---
Sep. 27, 2025
Accounting Policies [Abstract] |
Schedule of Cash and Cash Equivalents | A reconciliation of cash, cash equivalents and restricted cash as of September 27, 2025 and March 29, 2025 from the consolidated balance sheets to the consolidated statements of cash flows is as follows (in millions):
| September 27, 2025 |  | March 29, 2025
Reconciliation of cash, cash equivalents and restricted cash: |  |  |
Cash and cash equivalents | $ | 120 |  |  | $ | 107 |
Restricted cash included within prepaid expenses and other current assets | 10 |  |  | 9 |
Total cash, cash equivalents and restricted cash shown on the consolidated statements of cash flows from continuing operations | $ | 130 |  |  | $ | 116 |
Schedule of Restrictions on Cash and Cash Equivalents | A reconciliation of cash, cash equivalents and restricted cash as of September 27, 2025 and March 29, 2025 from the consolidated balance sheets to the consolidated statements of cash flows is as follows (in millions):
| September 27, 2025 |  | March 29, 2025
Reconciliation of cash, cash equivalents and restricted cash: |  |  |
Cash and cash equivalents | $ | 120 |  |  | $ | 107 |
Restricted cash included within prepaid expenses and other current assets | 10 |  |  | 9 |
Total cash, cash equivalents and restricted cash shown on the consolidated statements of cash flows from continuing operations | $ | 130 |  |  | $ | 116 |
Schedule of Supplemental Cash Flow Information Related to Leases | The following table presents the Company’s supplemental cash flow information related to leases (in millions):
|  |  |  | Six Months Ended
|  |  |  | September 27, 2025 |  | September 28, 2024
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows used in operating leases |  | $ | 182 |  |  | $ | 176 |
Schedule of Components of Calculation of Basic Net (Loss) Income Per Ordinary Share and Diluted Net (Loss) Income Per Ordinary Share | The components of the calculation of basic net (loss) income per ordinary share and diluted net (loss) income per ordinary share are as follows (in millions, except share and per share data):
| Three Months Ended |  | Six Months Ended
| September 27, 2025 |  | September 28, 2024 |  | September 27, 2025 |  | September 28, 2024
Numerator: |  |  |  |  |  |  |
Net (loss) income from continuing operations | $ | (34) |  |  | $ | 42 |  |  | $ | 22 |  |  | $ | 47 |
Less: Net (loss) income attributable to noncontrolling interest from continuing operations | — |  |  | (1) |  |  | — |  |  | 1 |
Net (loss) income attributable to Capri from continuing operations | $ | (34) |  |  | $ | 43 |  |  | $ | 22 |  |  | $ | 46 |
Net income (loss) from discontinued operations, net of tax | $ | 6 |  |  | $ | (19) |  |  | $ | 3 |  |  | $ | (36) |
Less: Net income attributable to noncontrolling interest from discontinued operations | — |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to Capri from discontinued operations | 6 |  |  | (19) |  |  | 3 |  |  | (36) |
Net (loss) income attributable to Capri | $ | (28) |  |  | $ | 24 |  |  | $ | 25 |  |  | $ | 10 |
Denominator: |  |  |  |  |  |  |
Basic weighted average shares | 119,786,829 |  |  | 118,467,372 |  |  | 119,293,324 |  |  | 117,953,855 |
Weighted average dilutive share equivalents: |  |  |  |  |  |  |
Share options, restricted stock units, and performance restricted stock units | — |  |  | 310,351 |  |  | 359,693 |  |  | 563,243 |
Diluted weighted average shares | 119,786,829 |  |  | 118,777,723 |  |  | 119,653,017 |  |  | 118,517,098 |
Net (loss) income per ordinary share attributable to Capri: |  |  |  |  |  |  |
Basic from continuing operations | $ | (0.28) |  |  | $ | 0.37 |  |  | $ | 0.19 |  |  | $ | 0.40 |
Basic from discontinued operations | 0.06 |  |  | (0.17) |  |  | 0.03 |  |  | (0.31) |
Basic per ordinary share (1) | $ | (0.22) |  |  | $ | 0.20 |  |  | $ | 0.22 |  |  | $ | 0.09 |
Diluted from continuing operations | $ | (0.28) |  |  | $ | 0.37 |  |  | $ | 0.19 |  |  | $ | 0.40 |
Diluted from discontinued operations | 0.06 |  |  | (0.17) |  |  | 0.03 |  |  | (0.31) |
Diluted per ordinary share (1) | $ | (0.22) |  |  | $ | 0.20 |  |  | $ | 0.22 |  |  | $ | 0.09 |
(1)Basic and diluted per share amounts are calculated using unrounded numbers.

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash and cash equivalents. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 8 -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-8 + Details
Name: | us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration