| 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 June 28, 2025 | | | | North America | | Europe | | Asia | | Other non-reportable segments | | Total | | | | (millions) | | Net revenues, significant expenses, and segment operating income: | | | | | | | | | | | | Net revenues | | $ | 656.2 | | | $ | 554.5 | | | $ | 474.0 | | | $ | 34.4 | | | $ | 1,719.1 | | | Cost of goods sold | | (242.1) | | | (171.2) | | | (82.3) | | | — | | | (495.6) | | Selling, general, and administrative expenses(a) | | (278.6) | | | (237.1) | | | (246.3) | | | (3.8) | | | (765.8) | | | Total segment operating income | | $ | 135.5 | | | $ | 146.2 | | | $ | 145.4 | | | $ | 30.6 | | | $ | 457.7 | | | Reconciliation of segment operating income to consolidated operating income and income before income taxes: | | | Corporate expenses, net | | $ | (164.8) | | | | | Restructuring and other charges, net(b) | | (19.3) | | | Operating income | | 273.6 | | | Non-operating income (expense), net | | 4.4 | | | Income before income taxes | | $ | 278.0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 29, 2024 | | | | North America | | Europe | | Asia | | Other non-reportable segments | | Total | | | | (millions) | | Net revenues, significant expenses, and segment operating income: | | | | | | | | | | | | Net revenues | | $ | 608.2 | | | $ | 479.1 | | | $ | 390.9 | | | $ | 34.0 | | | $ | 1,512.2 | | | Cost of goods sold | | (226.8) | | | (158.3) | | | (74.0) | | | — | | | (459.1) | | Selling, general, and administrative expenses(a) | | (261.6) | | | (200.2) | | | (209.7) | | | (4.4) | | | (675.9) | | | Total segment operating income | | $ | 119.8 | | | $ | 120.6 | | | $ | 107.2 | | | $ | 29.6 | | | $ | 377.2 | | | Reconciliation of segment operating income to consolidated operating income and income before income taxes: | | | Corporate expenses, net | | $ | (161.3) | | | | | Restructuring and other charges, net(b) | | (7.4) | | | Operating income | | 208.5 | | | Non-operating income (expense), net | | 8.1 | | | Income before income taxes | | $ | 216.6 | |
(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 periods ended June 28, 2025 and June 29, 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 Ended | | | | | | | | June 28,
2025 | | June 29,
2024 | | | | | | | | (millions) | | Restructuring and other charges, net: | | | | | | | | | | North America-related | | | | | | $ | — | | | $ | 0.4 | | | Europe-related | | | | | | (0.1) | | | (0.9) | | | Asia-related | | | | | | (1.3) | | | (0.6) | | | Other non-reportable segment-related | | | | | | — | | | (0.1) | | | Corporate operations-related | | | | | | (4.4) | | | (1.1) | | | Restructuring charges | | | | | | (5.8) | | | (2.3) | | | Other charges (see Note 7) | | | | | | (13.5) | | | (5.1) | | | Total restructuring and other charges, net | | | | | | $ | (19.3) | | | $ | (7.4) | |
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| Restructuring and other charges |
(b)The three-month periods ended June 28, 2025 and June 29, 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 Ended | | | | | | | | June 28,
2025 | | June 29,
2024 | | | | | | | | (millions) | | Restructuring and other charges, net: | | | | | | | | | | North America-related | | | | | | $ | — | | | $ | 0.4 | | | Europe-related | | | | | | (0.1) | | | (0.9) | | | Asia-related | | | | | | (1.3) | | | (0.6) | | | Other non-reportable segment-related | | | | | | — | | | (0.1) | | | Corporate operations-related | | | | | | (4.4) | | | (1.1) | | | Restructuring charges | | | | | | (5.8) | | | (2.3) | | | Other charges (see Note 7) | | | | | | (13.5) | | | (5.1) | | | Total restructuring and other charges, net | | | | | | $ | (19.3) | | | $ | (7.4) | |
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| Net revenues by geographic location |
Net revenues by geographic location of the reporting subsidiary are as follows: | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | | | | | June 28,
2025 | | June 29,
2024 | | | | | | | | (millions) | Net revenues(a): | | | | | | | | | The Americas(b) | | | | | | $ | 697.0 | | | $ | 647.8 | | Europe(c) | | | | | | 548.1 | | | 473.5 | | Asia(d) | | | | | | 474.0 | | | 390.9 | | | Total net revenues | | | | | | $ | 1,719.1 | | | $ | 1,512.2 | |
(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 periods ended June 28, 2025 and June 29, 2024 were $657.8 million and $615.5 million, respectively. (c)Includes the Middle East. (d)Includes Australia and New Zealand.
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