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Discontinued Operations (Tables)
3 Months Ended
Mar. 01, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Reconciliation of Gross Proceeds From Discontinued Operations
The following table reconciles the gross proceeds with the gain on sale of the remaining Dockers® operations included in “Net income (loss) from discontinued operations, net of taxes”.
Three Months Ended
March 1,
2026
(Dollars in millions)
 
Gross proceeds$96.3 
Less direct costs to sell
14.6 
Less carrying amount of Dockers® remaining operations
61.2 
Gain on sale of Dockers® remaining operations
$20.5 
The following table presents the assets and liabilities held for sale:
November 30,
2025
 (Dollars in millions)
Current Assets:
Inventories$54.0 
Total current assets held for sale54.0 
Property, plant and equipment, net6.9 
Operating lease right-of-use assets, net14.4 
Total non-current assets held for sale21.3 
Total assets held for sale$75.3 
Current Liabilities:
Short-term operating lease liabilities$3.9 
Total current liabilities held for sale3.9 
Long-term operating lease liabilities6.1 
Total long-term liabilities held for sale6.1 
Total liabilities held for sale$10.0 
The following table presents the results of discontinued operations:
 Three Months Ended
 March 1,
2026
March 2,
2025
(Dollars in millions)
Net revenues$31.1 $67.4 
Cost of goods sold15.0 31.0 
Gross profit16.1 36.4 
Selling, general and administrative expenses24.7 41.5 
Restructuring charges, net8.4 1.8 
Operating loss(17.0)(6.9)
Other expense(2.9)— 
Income (loss) from discontinued operations before gain on sale and income taxes(19.9)(6.9)
Gain on sale of Dockers® remaining operations before income taxes
20.5 — 
Total income (loss) from discontinued operations before income taxes
0.6 (6.9)
Income tax expense (benefit)
1.9 (1.7)
Net income (loss) from discontinued operations, net of taxes
$(1.3)$(5.2)
Assets and Liabilities Held for Sale
The following table reconciles the gross proceeds with the gain on sale of the remaining Dockers® operations included in “Net income (loss) from discontinued operations, net of taxes”.
Three Months Ended
March 1,
2026
(Dollars in millions)
 
Gross proceeds$96.3 
Less direct costs to sell
14.6 
Less carrying amount of Dockers® remaining operations
61.2 
Gain on sale of Dockers® remaining operations
$20.5 
The following table presents the assets and liabilities held for sale:
November 30,
2025
 (Dollars in millions)
Current Assets:
Inventories$54.0 
Total current assets held for sale54.0 
Property, plant and equipment, net6.9 
Operating lease right-of-use assets, net14.4 
Total non-current assets held for sale21.3 
Total assets held for sale$75.3 
Current Liabilities:
Short-term operating lease liabilities$3.9 
Total current liabilities held for sale3.9 
Long-term operating lease liabilities6.1 
Total long-term liabilities held for sale6.1 
Total liabilities held for sale$10.0 
The following table presents the results of discontinued operations:
 Three Months Ended
 March 1,
2026
March 2,
2025
(Dollars in millions)
Net revenues$31.1 $67.4 
Cost of goods sold15.0 31.0 
Gross profit16.1 36.4 
Selling, general and administrative expenses24.7 41.5 
Restructuring charges, net8.4 1.8 
Operating loss(17.0)(6.9)
Other expense(2.9)— 
Income (loss) from discontinued operations before gain on sale and income taxes(19.9)(6.9)
Gain on sale of Dockers® remaining operations before income taxes
20.5 — 
Total income (loss) from discontinued operations before income taxes
0.6 (6.9)
Income tax expense (benefit)
1.9 (1.7)
Net income (loss) from discontinued operations, net of taxes
$(1.3)$(5.2)
Results of Discontinued Operations
The following table reconciles the gross proceeds with the gain on sale of the remaining Dockers® operations included in “Net income (loss) from discontinued operations, net of taxes”.
Three Months Ended
March 1,
2026
(Dollars in millions)
 
Gross proceeds$96.3 
Less direct costs to sell
14.6 
Less carrying amount of Dockers® remaining operations
61.2 
Gain on sale of Dockers® remaining operations
$20.5 
The following table presents the assets and liabilities held for sale:
November 30,
2025
 (Dollars in millions)
Current Assets:
Inventories$54.0 
Total current assets held for sale54.0 
Property, plant and equipment, net6.9 
Operating lease right-of-use assets, net14.4 
Total non-current assets held for sale21.3 
Total assets held for sale$75.3 
Current Liabilities:
Short-term operating lease liabilities$3.9 
Total current liabilities held for sale3.9 
Long-term operating lease liabilities6.1 
Total long-term liabilities held for sale6.1 
Total liabilities held for sale$10.0 
The following table presents the results of discontinued operations:
 Three Months Ended
 March 1,
2026
March 2,
2025
(Dollars in millions)
Net revenues$31.1 $67.4 
Cost of goods sold15.0 31.0 
Gross profit16.1 36.4 
Selling, general and administrative expenses24.7 41.5 
Restructuring charges, net8.4 1.8 
Operating loss(17.0)(6.9)
Other expense(2.9)— 
Income (loss) from discontinued operations before gain on sale and income taxes(19.9)(6.9)
Gain on sale of Dockers® remaining operations before income taxes
20.5 — 
Total income (loss) from discontinued operations before income taxes
0.6 (6.9)
Income tax expense (benefit)
1.9 (1.7)
Net income (loss) from discontinued operations, net of taxes
$(1.3)$(5.2)