CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 28, 2020
Mar. 30, 2019
Current assets    
Cash and cash equivalents $ 592 $ 172
Receivables, net 308 383
Inventories, net 827 953
Prepaid expenses and other current assets 167 221
Total current assets 1,894 1,729
Property and equipment, net 561 615
Operating lease right-of-use assets 1,625  
Intangible assets, net 1,986 2,293
Goodwill 1,488 1,659
Deferred tax assets 225 112
Other assets 167 242
Total assets 7,946 6,650
Current liabilities    
Accounts payable 428 371
Accrued payroll and payroll related expenses 93 133
Accrued income taxes 42 34
Short-term operating lease liabilities 430  
Short-term debt 167 630
Accrued expenses and other current liabilities 241 374
Total current liabilities 1,401 1,542
Long-term operating lease liabilities 1,758  
Deferred rent   132
Deferred tax liabilities 465 438
Long-term debt 2,012 1,936
Other long-term liabilities 142 166
Total liabilities 5,778 4,214
Commitments and contingencies
Redeemable noncontrolling interest 0 4
Shareholders’ equity    
Ordinary shares, no par value; 650,000,000 shares authorized; 217,320,010 shares issued and 149,425,612 outstanding at March 28, 2020; 216,050,939 shares issued and 150,932,306 outstanding at March 30, 2019 0 0
Treasury shares, at cost (67,894,398 shares at March 28, 2020 and 65,118,633 shares at March 30, 2019) (3,325) (3,223)
Additional paid-in capital 1,085 1,011
Accumulated other comprehensive income (loss) 75 (66)
Retained earnings 4,332 4,707
Total shareholders’ equity of Capri 2,167 2,429
Noncontrolling interest 1 3
Total shareholders’ equity 2,168 2,432
Total liabilities and shareholders’ equity $ 7,946 $ 6,650