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v3.25.2

Reportable Segments (Tables) | 6 Months Ended
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Aug. 29, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following tables reconcile reportable segment financial data regularly provided to and reviewed by our CODM, including significant segment expenses, to consolidated Income before income tax expense and provide other segment data:
Reportable Segment Data | Three Months Ended August 29, 2025 | Three Months Ended August 23, 2024
Americas | International | Consolidated | Americas | International | Consolidated
Revenue | $ | 707.1 |  |  | $ | 190.0 |  |  | $ | 897.1 |  |  | $ | 688.0 |  |  | $ | 167.8 |  |  | $ | 855.8 |  |
Cost of sales | 447.7 |  |  | 137.3 |  |  | 585.0 |  |  | 437.0 |  |  | 121.5 |  |  | 558.5 |  |
Restructuring costs | 0.9 |  |  | 2.7 |  |  | 3.6 |  |  | 1.5 |  |  | 0.4 |  |  | 1.9 |  |
Gross profit | 258.5 |  |  | 50.0 |  |  | 308.5 |  |  | 249.5 |  |  | 45.9 |  |  | 295.4 |  |
Operating expenses | 190.1 |  |  | 57.0 |  |  | 247.1 |  |  | 147.3 |  |  | 57.8 |  |  | 205.1 |  |
Restructuring costs (benefits) | 0.7 |  |  | 7.6 |  |  | 8.3 |  |  | 0.2 |  |  | 0.1 |  |  | 0.3 |  |
Operating income (loss) | 67.7 |  |  | (14.6) |  |  | 53.1 |  |  | 102.0 |  |  | (12.0) |  |  | 90.0 |  |
Interest expense |  |  |  |  | (6.3) |  |  |  |  |  |  | (6.4) |  |
Investment income |  |  |  |  | 2.3 |  |  |  |  |  |  | 2.9 |  |
Other income (expense), net |  |  |  |  | 3.0 |  |  |  |  |  |  | (0.6) |  |
Income before income tax expense |  |  |  |  | $ | 52.1 |  |  |  |  |  |  | $ | 85.9 |  |
Capital expenditures | $ | 15.2 |  |  | $ | 2.9 |  |  | $ | 18.1 |  |  | $ | 9.4 |  |  | $ | 3.1 |  |  | $ | 12.5 |  |
Depreciation and amortization | 13.4 |  |  | 5.9 |  |  | 19.3 |  |  | 14.1 |  |  | 5.9 |  |  | 20.0 |  |
Reportable Segment Data | Six Months Ended August 29, 2025 | Six Months Ended August 23, 2024
Americas | International | Consolidated | Americas | International | Consolidated
Revenue | $ | 1,310.7 |  |  | $ | 365.4 |  |  | $ | 1,676.1 |  |  | $ | 1,242.4 |  |  | $ | 340.7 |  |  | $ | 1,583.1 |  |
Cost of sales | 838.4 |  |  | 260.8 |  |  | 1,099.2 |  |  | 801.9 |  |  | 242.5 |  |  | 1,044.4 |  |
Restructuring costs | 1.9 |  |  | 2.7 |  |  | 4.6 |  |  | 5.6 |  |  | 3.3 |  |  | 8.9 |  |
Gross profit | 470.4 |  |  | 101.9 |  |  | 572.3 |  |  | 434.9 |  |  | 94.9 |  |  | 529.8 |  |
Operating expenses | 365.9 |  |  | 111.3 |  |  | 477.2 |  |  | 314.0 |  |  | 108.6 |  |  | 422.6 |  |
Restructuring costs (benefits) | 8.8 |  |  | 7.7 |  |  | 16.5 |  |  | 0.4 |  |  | (0.8) |  |  | (0.4) |  |
Operating income (loss) | 95.7 |  |  | (17.1) |  |  | 78.6 |  |  | 120.5 |  |  | (12.9) |  |  | 107.6 |  |
Interest expense |  |  |  |  | (12.6) |  |  |  |  |  |  | (12.6) |  |
Investment income |  |  |  |  | 5.2 |  |  |  |  |  |  | 5.3 |  |
Other income (expense), net |  |  |  |  | (0.3) |  |  |  |  |  |  | (0.3) |  |
Income before income tax expense |  |  |  |  | $ | 70.9 |  |  |  |  |  |  | $ | 100.0 |  |
Capital expenditures | $ | 24.7 |  |  | $ | 7.4 |  |  | $ | 32.1 |  |  | $ | 18.9 |  |  | $ | 5.7 |  |  | $ | 24.6 |  |
Depreciation and amortization | 26.6 |  |  | 10.3 |  |  | 36.9 |  |  | 28.4 |  |  | 11.8 |  |  | 40.2 |  |
Long-Lived Assets by Geographic Areas |
Reportable Segment Data | August 29, 2025 | February 28, 2025
Americas | International | Consolidated | Americas | International | Consolidated
Total assets | $ | 1,828.9 |  |  | $ | 523.1 |  |  | $ | 2,352.0 |  |  | $ | 1,848.0 |  |  | $ | 482.4 |  |  | $ | 2,330.4 |  |
Goodwill | 267.2 |  |  | 9.3 |  |  | 276.5 |  |  | 265.1 |  |  | 8.4 |  |  | 273.5 |  |

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- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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