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Shareholders' Equity | 9 Months Ended
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Dec. 27, 2025
Equity [Abstract] |
Shareholders' Equity | Shareholders’ Equity Share Repurchase Program On November 9, 2022, the Company announced its Board of Directors approved a two-year share repurchase program to purchase up to $1.0 billion of its outstanding ordinary shares which expired on November 9, 2024. Share repurchases were permitted to be made in open market or privately negotiated transactions and/or pursuant to Rule 10b5-1 trading plans, subject to market conditions, applicable legal requirements, trading restrictions under the Company’s insider trading policy and other relevant factors. However, pursuant to the terms of the Merger Agreement, and subject to certain limited exceptions, the Company was prohibited from repurchasing its ordinary shares other than the acceptance of Company ordinary shares as payment of the exercise price of Company options or for withholding taxes with respect of Company equity awards. Accordingly, the Company did not repurchase any of its ordinary shares during the pendency of the Merger Agreement through the expiration date of the share repurchase program. On November 4, 2025, the Company announced the Board of Directors approved a three-year share repurchase program of up to $1.0 billion of its outstanding ordinary shares, which the Company expects to begin implementing in Fiscal 2027. Share repurchases may be made in open market or privately negotiated transactions and/or pursuant to Rule 10b5-1 trading plans, subject to market conditions, applicable legal requirements, trading restrictions under the Company’s insider trading policy and other relevant factors. The program may be suspended or discontinued at any time. As of December 27, 2025, the Company has not made any purchases as part of this program. During the nine months ended December 27, 2025 and December 28, 2024, the Company did not purchase any of its’ ordinary shares through open market transactions. The Company also has in place a “withhold to cover” repurchase program, which allows the Company to withhold ordinary shares from certain employees and directors to satisfy minimum tax withholding obligations relating to the vesting of their restricted share awards. During the nine months ended December 27, 2025 and December 28, 2024, the Company withheld 113,406 shares and 117,710 shares, respectively, with a fair value of $2 million and $4 million, respectively, in satisfaction of minimum tax withholding obligations relating to the vesting of restricted share awards. Accumulated Other Comprehensive (Loss) Income The following table details changes in the components of accumulated other comprehensive (loss) income, net of taxes, for the nine months ended December 27, 2025 and December 28, 2024, respectively (in millions):
| Foreign Currency Translation Adjustments (1) |  | Net Loss on Derivatives (2) |  | Other Comprehensive (Loss) Income Attributable to Capri |  |  |  |
Balance at March 29, 2025 | $ | 67 |  |  | $ | (10) |  |  | $ | 57 |  |  |  |  |
Other comprehensive loss before reclassifications | (479) |  |  | (3) |  |  | (482) |  |  |  |  |
Loss reclassified from AOCI to earnings | 39 |  |  | 11 |  |  | 50 |  |  |  |  |
Other comprehensive loss, net of tax | (440) |  |  | 8 |  |  | (432) |  |  |  |  |
Balance at December 27, 2025 | $ | (373) |  |  | $ | (2) |  |  | $ | (375) |  |  |  |  |
Balance at March 30, 2024 | $ | 161 |  |  | $ | — |  |  | $ | 161 |  |  |  |  |
Other comprehensive loss before reclassifications | (28) |  |  | (11) |  |  | (39) |  |  |  |  |
Balance at December 28, 2024 | $ | 133 |  |  | $ | (11) |  |  | $ | 122 |  |  |  |  |
(1)Foreign currency translation adjustments before reclassifications for the nine months ended December 27, 2025 primarily include a $451 million loss, net of taxes of $151 million, relating to the Company’s net investment hedges, as well as a net $28 million translation loss. Reclassifications from AOCI into earnings for nine months ended December 27, 2025 were related to the sale of Versace. Refer to Note 4 - "Discontinued Operations" for further information. 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 partially offset by a net $9 million translation loss. (2)Other comprehensive loss before reclassifications for both the nine months ended December 27, 2025 and December 28, 2024 were primarily related to the Company’s forward foreign currency exchange contracts, net of taxes. Reclassifications from AOCI into earnings for nine months ended December 27, 2025 were $8 million, net of taxes of $4 million, related to the Company’s previously terminated interest rate swaps and $3 million, net of immaterial taxes, related to the Company’s forward foreign currency exchange contracts for inventory purchases.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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