CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Jun. 28, 2025	Jun. 29, 2024
Cash flows from operating activities
Net income (loss)	$ 53	$ (12)
Net loss from discontinued operations, net of tax	(3)	(17)
Net income from continuing operations	56	5
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	30	32
Share-based compensation expense	14	24
Deferred income taxes	(17)	5
Changes to lease related balances, net	(18)	(29)
Foreign currency gain	(1)	0
Other non-cash adjustments	1	3
Change in assets and liabilities:
Receivables, net	50	46
Inventories, net	(55)	(45)
Prepaid expenses and other current assets	(16)	20
Accounts payable	15	62
Accrued expenses and other current liabilities	(34)	(29)
Other long-term assets and liabilities	(5)	(28)
Net cash provided by operating activities of continuing operations	20	66
Cash Provided by (Used in) Operating Activity, Discontinued Operation	(28)	17
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation, Total	(8)	83
Cash flows from investing activities
Capital expenditures	(13)	(16)
Cash paid for business acquisitions, net of cash acquired	0	(9)
Net cash used in investing activities of continuing operations	(13)	(25)
Net cash used in investing activities of discontinued operations	(6)	(27)
Net cash used in investing activities	(19)	(52)
Cash flows from financing activities
Debt borrowings	597	358
Debt repayments	(502)	(364)
Repurchase of ordinary shares	(1)	(3)
Net cash provided by (used in) financing activities of continuing operations	94	(9)
Net cash provided by (used in) financing activities of discontinued operations	0	0
Net cash provided by (used in) financing activities	94	(9)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(32)	(5)
Net increase in cash, cash equivalents and restricted cash	35	17
Beginning of period	175	205
End of period	210	222
Supplemental disclosures of cash flow information
Cash paid for interest	15	18
Net cash paid for income taxes	46	43
Supplemental disclosure of non-cash investing and financing activities
Accrued capital expenditures	15	20
Summary of cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash of continuing operations, end of period	139	183
Cash, cash equivalents and restricted cash of discontinued operations, end of period	71	39
Cash, cash equivalents and restricted cash, end of period	$ 210	$ 222

Capri Holdings Ltd 10-Q