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.