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Segment Information (Tables)
6 Months Ended
Sep. 27, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Net revenues, significant expenses, and segment operating income for each of the Company's segments are as follows:
 
Three Months Ended September 27, 2025
 North AmericaEuropeAsiaOther non-reportable segmentsTotal
 (millions)
Net revenues, significant expenses, and segment operating income:
Net revenues$832.4 $688.3 $445.6 $44.4 $2,010.7 
Cost of goods sold(350.3)(227.6)(84.3)— (662.2)
Selling, general, and administrative expenses(a)
(320.5)(258.4)(250.1)(6.1)(835.1)
Total segment operating income$161.6 $202.3 $111.2 $38.3 $513.4 
Reconciliation of segment operating income to consolidated operating income and income before income taxes:
Corporate expenses, net
$(230.4)
Restructuring and other charges, net(b)
(37.3)
Operating income245.7 
Non-operating income (expense), net(2.9)
Income before income taxes$242.8 
 
Three Months Ended September 28, 2024
 North AmericaEuropeAsiaOther non-reportable segmentsTotal
 (millions)
Net revenues, significant expenses, and segment operating income:
Net revenues$739.5 $565.9 $380.2 $40.4 $1,726.0 
Cost of goods sold(306.3)(202.2)(79.0)— (587.5)
Selling, general, and administrative expenses(a)
(311.3)(217.8)(214.9)(6.9)(750.9)
Total segment operating income$121.9 $145.9 $86.3 $33.5 $387.6 
Reconciliation of segment operating income to consolidated operating income and income before income taxes:
Corporate expenses, net
$(190.3)
Restructuring and other charges, net(b)
(18.4)
Operating income178.9 
Non-operating income (expense), net9.2 
Income before income taxes$188.1 
 
Six Months Ended September 27, 2025
 North AmericaEuropeAsiaOther non-reportable segmentsTotal
 (millions)
Net revenues, significant expenses, and segment operating income:
Net revenues$1,488.6 $1,242.8 $919.6 $78.8 $3,729.8 
Cost of goods sold(592.4)(398.8)(166.6)— (1,157.8)
Selling, general, and administrative expenses(a)
(599.1)(495.5)(496.4)(9.9)(1,600.9)
Total segment operating income$297.1 $348.5 $256.6 $68.9 $971.1 
Reconciliation of segment operating income to consolidated operating income and income before income taxes:
Corporate expenses, net
$(395.2)
Restructuring and other charges, net(b)
(56.6)
Operating income519.3 
Non-operating income (expense), net1.5 
Income before income taxes$520.8 
 
Six Months Ended September 28, 2024
 North AmericaEuropeAsiaOther non-reportable segmentsTotal
 (millions)
Net revenues, significant expenses, and segment operating income:
Net revenues$1,347.7 $1,045.0 $771.1 $74.4 $3,238.2 
Cost of goods sold(533.1)(360.5)(153.0)— (1,046.6)
Selling, general, and administrative expenses(a)
(572.9)(418.0)(424.6)(11.3)(1,426.8)
Total segment operating income$241.7 $266.5 $193.5 $63.1 $764.8 
Reconciliation of segment operating income to consolidated operating income and income before income taxes:
Corporate expenses, net
$(351.6)
Restructuring and other charges, net(b)
(25.8)
Operating income387.4 
Non-operating income (expense), net17.3 
Income before income taxes$404.7 
(a)SG&A expenses include costs relating to compensation and benefits, marketing and advertising, rent and occupancy, distribution, information technology, legal, depreciation and amortization, bad debt, and other selling and administrative costs.
(b)The three-month and six-month periods ended September 27, 2025 and September 28, 2024 included certain restructuring and other charges, net (see Note 7) that are excluded from the segment profitability measure utilized by the CODM, which are detailed below:
 Three Months EndedSix Months Ended
 September 27,
2025
September 28,
2024
September 27,
2025
September 28,
2024
 (millions)
Restructuring and other charges, net:
North America-related$(2.9)$— $(2.9)$0.4 
Europe-related(0.5)(0.5)(0.6)(1.4)
Asia-related(2.2)(2.6)(3.5)(3.2)
Other non-reportable segment-related— — — (0.1)
Corporate operations-related (3.2)(5.5)(7.6)(6.6)
Restructuring charges(8.8)(8.6)(14.6)(10.9)
Other charges (see Note 7)
(28.5)(9.8)(42.0)(14.9)
Total restructuring and other charges, net$(37.3)$(18.4)$(56.6)$(25.8)
Restructuring and other charges
(b)The three-month and six-month periods ended September 27, 2025 and September 28, 2024 included certain restructuring and other charges, net (see Note 7) that are excluded from the segment profitability measure utilized by the CODM, which are detailed below:
 Three Months EndedSix Months Ended
 September 27,
2025
September 28,
2024
September 27,
2025
September 28,
2024
 (millions)
Restructuring and other charges, net:
North America-related$(2.9)$— $(2.9)$0.4 
Europe-related(0.5)(0.5)(0.6)(1.4)
Asia-related(2.2)(2.6)(3.5)(3.2)
Other non-reportable segment-related— — — (0.1)
Corporate operations-related (3.2)(5.5)(7.6)(6.6)
Restructuring charges(8.8)(8.6)(14.6)(10.9)
Other charges (see Note 7)
(28.5)(9.8)(42.0)(14.9)
Total restructuring and other charges, net$(37.3)$(18.4)$(56.6)$(25.8)
Depreciation and amortization by segment
The following tables summarize depreciation and amortization expense and capital expenditures for each of the Company's segments:
 Three Months EndedSix Months Ended
 September 27,
2025
September 28,
2024
September 27,
2025
September 28,
2024
 (millions)
Depreciation and amortization expense:
North America$19.9 $20.5 $40.5 $41.1 
Europe9.6 9.1 18.8 17.5 
Asia14.0 13.4 27.8 25.9 
Corporate13.5 12.9 25.4 25.8 
Total depreciation and amortization expense
$57.0 $55.9 $112.5 $110.3 
Schedule of Capital Expendutures, by Segment
Three Months EndedSix Months Ended
September 27,
2025
September 28,
2024
September 27,
2025
September 28,
2024
(millions)
Capital expenditures:
North America$46.5 $8.6 $176.1 $17.6 
Europe8.0 3.7 15.2 10.3 
Asia16.4 12.5 28.5 20.9 
Corporate22.9 16.9 61.3 26.3 
Total capital expenditures$93.8 $41.7 $281.1 $75.1 
Net revenues by geographic location
Net revenues by geographic location of the reporting subsidiary are as follows:
 Three Months EndedSix Months Ended
 September 27,
2025
September 28,
2024
September 27,
2025
September 28,
2024
 (millions)
Net revenues(a):
The Americas(b)
$881.5 $785.0 $1,578.5 $1,432.8 
Europe(c)
683.6 560.8 1,231.7 1,034.3 
 Asia(d)
445.6 380.2 919.6 771.1 
Total net revenues$2,010.7 $1,726.0 $3,729.8 $3,238.2 
(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 27, 2025 were $835.8 million and $1.494 billion, respectively, and $744.9 million and $1.360 billion during the three-month and six-month periods ended September 28, 2024, respectively.
(c)Includes the Middle East.
(d)Includes Australia and New Zealand.