CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 27, 2026	Mar. 28, 2026
Current assets
Cash and cash equivalents	$ 114	$ 135
Receivables, net	188	211
Inventories, net	624	581
Prepaid expenses and other current assets	217	226
Total current assets	1,143	1,153
Property and equipment, net	359	371
Operating lease right-of-use assets	855	854
Intangible assets, net	554	562
Goodwill	201	202
Other assets	98	92
Total assets	3,210	3,234
Current liabilities
Accounts payable	350	311
Accrued payroll and payroll related expenses	87	122
Accrued income taxes	32	23
Short-term operating lease liabilities	227	233
Short-term debt	14	14
Accrued expenses and other current liabilities	251	251
Total current liabilities	961	954
Long-term operating lease liabilities	827	830
Deferred tax liabilities	68	88
Long-term debt	324	343
Other long-term liabilities	887	935
Total liabilities	3,067	3,150
Commitments and contingencies
Shareholders’ equity
Ordinary shares, no par value; 650,000,000 shares authorized; 230,248,252 shares issued and 113,609,022 outstanding at June 27, 2026; 229,042,390 shares issued and 115,175,268 outstanding at March 28, 2026	0	0
Treasury shares, at cost (116,639,230 shares at June 27, 2026 and 113,867,122 shares at March 28, 2026)	(5,597)	(5,543)
Additional paid-in capital	1,525	1,512
Accumulated other comprehensive loss	(293)	(323)
Retained earnings	4,503	4,434
Total shareholders’ equity of Capri	138	80
Noncontrolling interest	5	4
Total shareholders’ equity	143	84
Total liabilities and shareholders’ equity	$ 3,210	$ 3,234

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.