The following table details changes in the components of accumulated other comprehensive loss, net of taxes, for the three months ended June 27, 2026 and June 28, 2025, respectively (in millions):


	Foreign Currency Translation Adjustments (1)		Net Gain (Loss) on Derivatives (2)		Other Comprehensive (Loss) Income Attributable to Capri
Balance at March 28, 2026	$	(324)	$	1	$	(323)

Other comprehensive income before reclassifications	28		1		29
Reclassified from AOCI to earnings	—		1		1
Other comprehensive income, net of tax	28		2		30
Balance at June 27, 2026	$	(296)	$	3	$	(293)

Balance at March 29, 2025	$	67	$	(10)	$	57
Other comprehensive loss before reclassifications	(451)		(4)		(455)
Reclassified from AOCI to earnings	—		2		2
Other comprehensive loss, net of tax	(451)		(2)		(453)
Balance at June 28, 2025	$	(384)	$	(12)	$	(396)

(1)Foreign currency translation adjustments for the three months ended June 27, 2026 primarily include a $31 million gain, net of taxes of $8 million, relating to the Company’s net investment hedges, as well as a net $5 million translation gain. Foreign currency translation adjustments for the three months ended June 28, 2025 primarily include a $437 million loss, net of taxes of $148 million, relating to the Company’s net investment hedges, as well as a net $14 million translation loss.

(2)Other comprehensive gain (loss) before reclassifications for both the three months ended June 27, 2026 and June 28, 2025 primarily relate to the Company’s foreign currency exchange contracts for inventory purchases. Reclassifications from AOCI into earnings for the three months ended June 27, 2026 were $1 million, net of immaterial taxes, related to the Company’s forward foreign currency exchange contracts for inventory purchases. Reclassifications from AOCI into earnings for three months ended June 28, 2025 were $2 million, net of taxes, related to the Company’s terminated interest rate swaps.