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Segment Information (Tables)
 12 Months Ended
Mar. 28, 2020
Segment Reporting [Abstract]  
Net revenues by segment
Net revenues for each of the Company's segments are as follows:
 
 
Fiscal Years Ended
 
 
March 28,
2020
 
March 30,
2019
 
March 31,
2018
 
 
(millions)
Net revenues:
 
 
 
 
 
 
North America
 
$
3,140.5

 
$
3,202.9

 
$
3,231.0

Europe
 
1,632.2

 
1,683.0

 
1,608.3

Asia
 
1,017.2

 
1,041.0

 
933.7

Other non-reportable segments
 
369.9

 
386.1

 
409.3

Total net revenues
 
$
6,159.8

 
$
6,313.0

 
$
6,182.3
Net operating income (loss) by segment
Operating income for each of the Company's segments is as follows:
 
 
Fiscal Years Ended
 
 
March 28,
2020
 
March 30,
2019
 
March 31,
2018
 
 
(millions)
Operating income(a):
 
 
 
 
 
 
North America
 
$
486.6

 
$
682.8

 
$
677.6

Europe
 
336.3

 
392.8

 
361.0

Asia
 
124.8

 
161.0

 
137.2

Other non-reportable segments
 
85.2

 
118.7

 
103.2

 
 
1,032.9

 
1,355.3

 
1,279.0

Unallocated corporate expenses
 
(648.7
)
 
(663.4
)
 
(672.8
)
Unallocated restructuring and other charges(b)
 
(67.2
)
 
(130.1
)
 
(108.0
)
Total operating income
 
$
317.0

 
$
561.8

 
$
498.2



(a) 
Segment operating income during Fiscal 2020 reflects bad debt expense of $38.7 million, $15.2 million, $1.7 million, and $3.1 million related to North America, Europe, Asia, and other non-reportable segments, respectively, primarily related to adverse impacts associated with COVID-19 business disruptions. Segment operating income during Fiscal 2020 also reflects higher inventory charges of approximately $108 million, $42 million, $17 million, and $8 million as compared to the prior fiscal year related to North America, Europe, Asia, and other non-reportable segments, respectively, primarily related to adverse impacts associated with COVID-19 business disruptions. Segment operating income and unallocated corporate expenses during the fiscal years presented also included asset impairment charges (see Note 8), which are detailed below:
 
 
Fiscal Years Ended
 
 
March 28,
2020
 
March 30,
2019
 
March 31,
2018
 
 
(millions)
Asset impairment charges:
 
 
 
 
 
 
North America
 
$
(1.9
)
 
$
(3.1
)
 
$
(4.7
)
Europe
 
—

 
(5.4
)
 
(1.2
)
Asia
 
(3.7
)
 
(4.4
)
 
(1.0
)
Other non-reportable segments
 
(19.3
)
 
(7.0
)
 
(22.4
)
Unallocated corporate expenses
 
(6.7
)
 
(5.9
)
 
(20.7
)
Total asset impairment charges
 
$
(31.6
)
 
$
(25.8
)
 
$
(50.0
)


(b) 
The fiscal years presented included certain unallocated restructuring and other charges (see Note 9), which are detailed below:
 
 
Fiscal Years Ended
 
 
March 28,
2020
 
March 30,
2019
 
March 31,
2018
 
 
(millions)
Unallocated restructuring and other charges:
 
 
 
 
 
 
North America-related
 
$
(1.2
)
 
$
(27.0
)
 
$
(15.5
)
Europe-related
 
(3.3
)
 
(14.9
)
 
(4.6
)
Asia-related
 
(0.9
)
 
(0.9
)
 
2.5

Other non-reportable segment-related
 
(0.8
)
 
(4.5
)
 
(8.4
)
Corporate operations-related
 
(31.4
)
 
(46.3
)
 
(53.2
)
Unallocated restructuring charges
 
(37.6
)
 
(93.6
)
 
(79.2
)
Other charges (see Note 9)
 
(29.6
)
 
(36.5
)
 
(28.8
)
Total unallocated restructuring and other charges
 
$
(67.2
)
 
$
(130.1
)
 
$
(108.0
)
Asset impairment charges by segment Segment operating income and unallocated corporate expenses during the fiscal years presented also included asset impairment charges (see Note 8), which are detailed below:
 
 
Fiscal Years Ended
 
 
March 28,
2020
 
March 30,
2019
 
March 31,
2018
 
 
(millions)
Asset impairment charges:
 
 
 
 
 
 
North America
 
$
(1.9
)
 
$
(3.1
)
 
$
(4.7
)
Europe
 
—

 
(5.4
)
 
(1.2
)
Asia
 
(3.7
)
 
(4.4
)
 
(1.0
)
Other non-reportable segments
 
(19.3
)
 
(7.0
)
 
(22.4
)
Unallocated corporate expenses
 
(6.7
)
 
(5.9
)
 
(20.7
)
Total asset impairment charges
 
$
(31.6
)
 
$
(25.8
)
 
$
(50.0
)
Schedule of unallocated restructuring and other charges
The fiscal years presented included certain unallocated restructuring and other charges (see Note 9), which are detailed below:
 
 
Fiscal Years Ended
 
 
March 28,
2020
 
March 30,
2019
 
March 31,
2018
 
 
(millions)
Unallocated restructuring and other charges:
 
 
 
 
 
 
North America-related
 
$
(1.2
)
 
$
(27.0
)
 
$
(15.5
)
Europe-related
 
(3.3
)
 
(14.9
)
 
(4.6
)
Asia-related
 
(0.9
)
 
(0.9
)
 
2.5

Other non-reportable segment-related
 
(0.8
)
 
(4.5
)
 
(8.4
)
Corporate operations-related
 
(31.4
)
 
(46.3
)
 
(53.2
)
Unallocated restructuring charges
 
(37.6
)
 
(93.6
)
 
(79.2
)
Other charges (see Note 9)
 
(29.6
)
 
(36.5
)
 
(28.8
)
Total unallocated restructuring and other charges
 
$
(67.2
)
 
$
(130.1
)
 
$
(108.0
)
Depreciation and amortization by segment
The following tables summarize depreciation and amortization expense and capital expenditures for each of the Company's segments:
 
 
Fiscal Years Ended
 
 
March 28,
2020
 
March 30,
2019
 
March 31,
2018
 
 
(millions)
Depreciation and amortization expense:
 
 
 
 
 
 
North America
 
$
74.6

 
$
81.8

 
$
82.5

Europe
 
32.8

 
33.6

 
34.9

Asia
 
59.3

 
49.1

 
50.3

Other non-reportable segments
 
5.4

 
7.2

 
10.6

Unallocated corporate
 
97.4

 
95.5

 
102.8

Unallocated restructuring and other charges (see Note 9)
 
—

 
14.1

 
14.1

Total depreciation and amortization expense
 
$
269.5

 
$
281.3

 
$
295.2
Schedule of capital expenditures, by segment
 
 
Fiscal Years Ended
 
 
March 28,
2020
 
March 30,
2019
 
March 31,
2018
 
 
(millions)
Capital expenditures:
 
 
 
 
 
 
North America
 
$
48.5

 
$
74.6

 
$
41.9

Europe
 
34.3

 
26.6

 
28.8

Asia
 
59.6

 
45.2

 
40.7

Other non-reportable segments
 
7.3

 
5.0

 
5.0

Unallocated corporate
 
120.6

 
46.3

 
45.2

Total capital expenditures
 
$
270.3

 
$
197.7

 
$
161.6
Net revenues and long-lived assets by geographic location
Net revenues and long-lived assets by geographic location of the reporting subsidiary are as follows:
 
 
Fiscal Years Ended
 
 
March 28,
2020
 
March 30,
2019
 
March 31,
2018
 
 
(millions)
Net revenues(a):
 
 
 
 
 
 
The Americas(b)
 
$
3,516.4

 
$
3,602.2

 
$
3,652.1

Europe(c) 
 
1,625.3

 
1,668.6

 
1,595.2

Asia(d) 
 
1,018.1

 
1,042.2

 
935.0

Total net revenues
 
$
6,159.8

 
$
6,313.0

 
$
6,182.3


 
 
March 28,
2020
 
March 30,
2019
 
 
(millions)
Long-lived assets(a)(e):
 
 
 
 
The Americas(b)
 
$
1,383.6

 
$
789.6

Europe(c) 
 
772.9

 
140.0

Asia(d) 
 
334.6

 
109.6

Total long-lived assets
 
$
2,491.1

 
$
1,039.2

 
(a) 
Net revenues and long-lived assets for certain of the Company's licensed operations are included within the geographic location of the reporting subsidiary which holds the respective license.
(b) 
Includes the U.S., Canada, and Latin America. Net revenues earned in the U.S. were $3.308 billion, $3.379 billion, and $3.427 billion in Fiscal 2020, Fiscal 2019, and Fiscal 2018, respectively. Long-lived assets located in the U.S. were $1.327 billion and $766.1 million as of March 28, 2020 and March 30, 2019, respectively.
(c) 
Includes the Middle East.
(d) 
Includes Australia and New Zealand.
(e) 
Long-lived assets as of March 28, 2020 reflect operating lease ROU assets resulting from the Company’s adoption of ASU 2016-02 (see Note 4).