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Segment Information (Tables) | 6 Months Ended
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Sep. 28, 2024
Segment Reporting [Abstract] |
Net revenues by segment | Net revenues for each of the Company's segments are as follows:
|  | Three Months Ended |  | Six Months Ended
|  | September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
|  | (millions)
Net revenues: |  |  |  |  |  |  |  |
North America |  | $ | 739.5 |  |  | $ | 717.8 |  |  | $ | 1,347.7 |  |  | $ | 1,349.5 |
Europe |  | 565.9 |  |  | 526.8 |  |  | 1,045.0 |  |  | 977.3 |
Asia |  | 380.2 |  |  | 348.4 |  |  | 771.1 |  |  | 725.9 |
Other non-reportable segments |  | 40.4 |  |  | 40.0 |  |  | 74.4 |  |  | 76.8 |
Total net revenues |  | $ | 1,726.0 |  |  | $ | 1,633.0 |  |  | $ | 3,238.2 |  |  | $ | 3,129.5 |
Net operating income (loss) by segment | Operating income for each of the Company's segments is as follows:
|  | Three Months Ended |  | Six Months Ended
|  | September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
|  | (millions)
Operating income: |  |  |  |  |  |  |  |
North America |  | $ | 121.9 |  |  | $ | 110.2 |  |  | $ | 241.7 |  |  | $ | 235.5 |
Europe |  | 145.9 |  |  | 132.4 |  |  | 266.5 |  |  | 229.6 |
Asia |  | 86.3 |  |  | 68.4 |  |  | 193.5 |  |  | 161.7 |
Other non-reportable segments |  | 33.5 |  |  | 34.1 |  |  | 63.1 |  |  | 67.9 |
|  | 387.6 |  |  | 345.1 |  |  | 764.8 |  |  | 694.7 |
Unallocated corporate expenses |  | (190.3) |  |  | (171.3) |  |  | (351.6) |  |  | (318.9) |
Unallocated restructuring and other charges, net(a) |  | (18.4) |  |  | (9.3) |  |  | (25.8) |  |  | (44.9) |
Total operating income |  | $ | 178.9 |  |  | $ | 164.5 |  |  | $ | 387.4 |  |  | $ | 330.9 |
(a)The three-month and six-month periods ended September 28, 2024 and September 30, 2023 included certain unallocated restructuring and other charges, net (see Note 7), which are detailed below:
|  |  | Three Months Ended |  | Six Months Ended
|  |  | September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
|  |  | (millions)
| Unallocated restructuring and other charges, net: |  |  |  |  |  |  |  |
| North America-related |  | $ | — |  |  | $ | (1.6) |  |  | $ | 0.4 |  |  | $ | (5.5) |
| Europe-related |  | (0.5) |  |  | 0.7 |  |  | (1.4) |  |  | (0.7) |
| Asia-related |  | (2.6) |  |  | (2.1) |  |  | (3.2) |  |  | (3.5) |
| Other non-reportable segment-related |  | — |  |  | — |  |  | (0.1) |  |  | — |
| Corporate operations-related |  | (5.5) |  |  | (1.8) |  |  | (6.6) |  |  | (25.6) |
| Unallocated restructuring charges |  | (8.6) |  |  | (4.8) |  |  | (10.9) |  |  | (35.3) |
| Other charges (see Note 7) |  | (9.8) |  |  | (4.5) |  |  | (14.9) |  |  | (9.6) |
| Total unallocated restructuring and other charges, net |  | $ | (18.4) |  |  | $ | (9.3) |  |  | $ | (25.8) |  |  | $ | (44.9) |
Unallocated restructuring and other charges | The three-month and six-month periods ended September 28, 2024 and September 30, 2023 included certain unallocated restructuring and other charges, net (see Note 7), which are detailed below:
|  |  | Three Months Ended |  | Six Months Ended
|  |  | September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
|  |  | (millions)
| Unallocated restructuring and other charges, net: |  |  |  |  |  |  |  |
| North America-related |  | $ | — |  |  | $ | (1.6) |  |  | $ | 0.4 |  |  | $ | (5.5) |
| Europe-related |  | (0.5) |  |  | 0.7 |  |  | (1.4) |  |  | (0.7) |
| Asia-related |  | (2.6) |  |  | (2.1) |  |  | (3.2) |  |  | (3.5) |
| Other non-reportable segment-related |  | — |  |  | — |  |  | (0.1) |  |  | — |
| Corporate operations-related |  | (5.5) |  |  | (1.8) |  |  | (6.6) |  |  | (25.6) |
| Unallocated restructuring charges |  | (8.6) |  |  | (4.8) |  |  | (10.9) |  |  | (35.3) |
| Other charges (see Note 7) |  | (9.8) |  |  | (4.5) |  |  | (14.9) |  |  | (9.6) |
| Total unallocated restructuring and other charges, net |  | $ | (18.4) |  |  | $ | (9.3) |  |  | $ | (25.8) |  |  | $ | (44.9) |
Depreciation and amortization by segment | Depreciation and amortization expense for the Company's segments is as follows:
|  | Three Months Ended |  | Six Months Ended
|  | September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
|  | (millions)
Depreciation and amortization expense: |  |  |  |  |  |  |  |
North America |  | $ | 20.5 |  |  | $ | 20.1 |  |  | $ | 41.1 |  |  | $ | 40.4 |
Europe |  | 9.1 |  |  | 9.3 |  |  | 17.5 |  |  | 18.1 |
Asia |  | 13.4 |  |  | 13.4 |  |  | 25.9 |  |  | 26.7 |
Unallocated corporate |  | 12.9 |  |  | 15.7 |  |  | 25.8 |  |  | 31.6 |
Total depreciation and amortization expense |  | $ | 55.9 |  |  | $ | 58.5 |  |  | $ | 110.3 |  |  | $ | 116.8 |
Net revenues by geographic location | Net revenues by geographic location of the reporting subsidiary are as follows:
|  | Three Months Ended |  | Six Months Ended
|  | September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
|  | (millions)
Net revenues(a): |  |  |  |  |  |  |  |
The Americas(b) |  | $ | 785.0 |  |  | $ | 763.3 |  |  | $ | 1,432.8 |  |  | $ | 1,439.9 |
Europe(c) |  | 560.8 |  |  | 521.3 |  |  | 1,034.3 |  |  | 963.7 |
Asia(d) |  | 380.2 |  |  | 348.4 |  |  | 771.1 |  |  | 725.9 |
Total net revenues |  | $ | 1,726.0 |  |  | $ | 1,633.0 |  |  | $ | 3,238.2 |  |  | $ | 3,129.5 |
(a)Net revenues 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. during the three-month and six-month periods ended September 28, 2024 were $744.9 million and $1.360 billion, respectively, and $726.7 million and $1.370 billion during the three-month and six-month periods ended September 30, 2023, respectively. (c)Includes the Middle East. (d)Includes Australia and New Zealand.

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