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Business Segment Information (Tables) | 9 Months Ended
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Aug. 25, 2024
Segment Reporting [Abstract] |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | Business segment information for the Company is as follows:
| Three Months Ended |  | Nine Months Ended
| August 25, 2024 |  | August 27, 2023 |  | August 25, 2024 |  | August 27, 2023
| (Dollars in millions)
Net revenues: |  |  |  |  |  |  |
Americas | $ | 757.2 |  |  | $ | 766.7 |  |  | $ | 2,205.2 |  |  | $ | 2,198.6 |
Europe | 406.6 |  |  | 384.1 |  |  | 1,183.8 |  |  | 1,200.5 |
Asia | 247.1 |  |  | 246.5 |  |  | 795.9 |  |  | 797.7 |
Total segment net revenues | 1,410.9 |  |  | 1,397.3 |  |  | 4,184.9 |  |  | 4,196.8 |
Other Brands: |  |  |  |  |  |  |
Dockers | 73.7 |  |  | 86.7 |  |  | 233.5 |  |  | 254.8 |
Beyond Yoga® | 32.2 |  |  | 27.0 |  |  | 97.2 |  |  | 85.1 |
Total Other Brands | 105.9 |  |  | 113.7 |  |  | 330.7 |  |  | 339.9 |
Total net revenues | $ | 1,516.8 |  |  | $ | 1,511.0 |  |  | $ | 4,515.6 |  |  | $ | 4,536.7 |
Income (loss) before income taxes: |  |  |  |  |  |  |
Americas | $ | 173.9 |  |  | $ | 135.6 |  |  | $ | 432.8 |  |  | $ | 323.4 |
Europe | 83.2 |  |  | 68.1 |  |  | 239.9 |  |  | 240.4 |
Asia | 28.5 |  |  | 30.2 |  |  | 111.0 |  |  | 116.0 |
Total segment operating income | 285.6 |  |  | 233.9 |  |  | 783.7 |  |  | 679.8 |
Dockers operating loss | (2.4) |  |  | (2.3) |  |  | (2.4) |  |  | (2.9) |
Beyond Yoga operating (loss) income | (5.8) |  |  | 0.5 |  |  | (9.6) |  |  | 2.5 |
Restructuring charges, net(1) | (3.4) |  |  | (1.5) |  |  | (174.7) |  |  | (19.3) |
Goodwill and other intangible asset impairment charges(2) | (111.4) |  |  | (90.2) |  |  | (116.9) |  |  | (90.2) |
Corporate expenses | (132.3) |  |  | (105.6) |  |  | (428.3) |  |  | (367.8) |
Interest expense | (10.1) |  |  | (11.5) |  |  | (30.4) |  |  | (35.4) |
Other expense, net(3) | (0.4) |  |  | (26.7) |  |  | (2.3) |  |  | (38.1) |
Income (loss) before income taxes | $ | 19.8 |  |  | $ | (3.4) |  |  | $ | 19.1 |  |  | $ | 128.6 |
____________ (1)Restructuring charges, net for the three and nine months ended August 25, 2024 related to Project Fuel, consisting primarily of severance and other post-employment benefit charges. (2)For the three and nine months ended August 25, 2024, goodwill and other intangible asset impairment charges includes $36.3 million related to Beyond Yoga reporting unit goodwill, $66.0 million related to the Beyond Yoga® trademark and $9.1 million related to the Beyond Yoga® customer relationship intangible assets. Additionally, the nine months ended August 25, 2024 includes a $5.5 million goodwill impairment charge related to the footwear business. For the three and nine months ended August 27, 2023, goodwill and other intangible asset impairment charges includes $75.4 million related to Beyond Yoga reporting unit goodwill and $14.8 million related to the Beyond Yoga® trademark. (3)Other expense, net for the three and nine months ended August 25, 2024 includes an insurance recovery of $2.7 million and a government subsidy gain of $1.4 million. Other expense, net for the three and nine months ended August 27, 2023 primarily consists of a noncash pension settlement charge.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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