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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Aug. 27, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | The changes in the carrying amount of goodwill by business segment for the nine months ended August 27, 2023 and August 28, 2022 were as follows:
| Nine Months Ended August 27, 2023
| Americas |  | Europe |  | Asia |  | Other Brands(1) |  | Total
| (Dollars in millions)
Balance, November 27, 2022 | $ | 229.5 |  |  | $ | 9.7 |  |  | $ | 2.9 |  |  | $ | 123.6 |  |  | $ | 365.7 |
Additions | 1.1 |  |  | 7.3 |  |  | — |  |  | — |  |  | 8.4 |
Impairments | — |  |  | — |  |  | — |  |  | (75.4) |  |  | (75.4) |
Foreign currency fluctuation | 1.7 |  |  | 0.4 |  |  | (0.1) |  |  | — |  |  | 2.0 |
Balance, August 27, 2023 | $ | 232.3 |  |  | $ | 17.4 |  |  | $ | 2.8 |  |  | $ | 48.2 |  |  | $ | 300.7 |
| Nine Months Ended August 28, 2022
| Americas |  | Europe |  | Asia |  | Other Brands(1) |  | Total
| (Dollars in millions)
Balance, November 28, 2021 | $ | 231.4 |  |  | $ | 28.8 |  |  | $ | 3.0 |  |  | $ | 123.7 |  |  | $ | 386.9 |
Impairments | — |  |  | (11.6) |  |  | — |  |  | — |  |  | (11.6) |
Foreign currency fluctuation | (2.1) |  |  | (7.8) |  |  | (0.1) |  |  | — |  |  | (10.0) |
Balance, August 28, 2022 | $ | 229.3 |  |  | $ | 9.4 |  |  | $ | 2.9 |  |  | $ | 123.7 |  |  | $ | 365.3 |
_____________ (1)Comprises only Beyond Yoga goodwill.
Finite-lived intangible assets | Other intangible assets, net, were as follows:
| August 27, 2023 |  | November 27, 2022
| Gross Carrying Value |  | Accumulated Amortization |  | Total |  | Gross Carrying Value |  | Accumulated Amortization |  | Total
| (Dollars in millions)
Non-amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Trademarks(1) | $ | 243.9 |  |  | $ | — |  |  | $ | 243.9 |  |  | $ | 258.7 |  |  | $ | — |  |  | $ | 258.7 |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships and other | 38.5 |  |  | (13.6) |  |  | 24.9 |  |  | 37.9 |  |  | (9.9) |  |  | 28.0 |
Total | $ | 282.4 |  |  | $ | (13.6) |  |  | $ | 268.8 |  |  | $ | 296.6 |  |  | $ | (9.9) |  |  | $ | 286.7 |
_____________ (1)Includes the gross carrying value of the Beyond Yoga trademark of $201.1 million, the Level 3 fair value as of the test date, which reflects the cumulative $14.8 million noncash impairment charge, all of which was taken in the third quarter of 2023.
Indefinite-lived intangible assets | Other intangible assets, net, were as follows:
| August 27, 2023 |  | November 27, 2022
| Gross Carrying Value |  | Accumulated Amortization |  | Total |  | Gross Carrying Value |  | Accumulated Amortization |  | Total
| (Dollars in millions)
Non-amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Trademarks(1) | $ | 243.9 |  |  | $ | — |  |  | $ | 243.9 |  |  | $ | 258.7 |  |  | $ | — |  |  | $ | 258.7 |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships and other | 38.5 |  |  | (13.6) |  |  | 24.9 |  |  | 37.9 |  |  | (9.9) |  |  | 28.0 |
Total | $ | 282.4 |  |  | $ | (13.6) |  |  | $ | 268.8 |  |  | $ | 296.6 |  |  | $ | (9.9) |  |  | $ | 286.7 |
_____________ (1)Includes the gross carrying value of the Beyond Yoga trademark of $201.1 million, the Level 3 fair value as of the test date, which reflects the cumulative $14.8 million noncash impairment charge, all of which was taken in the third quarter of 2023.
Estimated future amortization expense | Estimated amortization expense for each of the next five years is as follows:
| August 27, 2023
| (Dollars in millions)
Remaining for 2023 | $ | 1.1 |
2024 | 4.4 |
2025 | 4.4 |
2026 | 4.1 |
2027 | 2.3 |
Thereafter | 8.6 |
Total | $ | 24.9 |

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