| 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: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal Year Ended March 28, 2026 | | | | North America | | Europe | | Asia | | Other non-reportable segments | | Total | | | | (millions) | | Net revenues, significant expenses, and segment operating income: | | | | | | | | | | | | Net revenues | | $ | 3,329.6 | | | $ | 2,538.9 | | | $ | 2,103.5 | | | $ | 142.5 | | | $ | 8,114.5 | | | Cost of goods sold | | (1,310.0) | | | (801.5) | | | (393.9) | | | — | | | (2,505.4) | | Selling, general, and administrative expenses(a) | | (1,295.4) | | | (1,032.8) | | | (1,132.4) | | | (18.7) | | | (3,479.3) | | | Total segment operating income | | $ | 724.2 | | | $ | 704.6 | | | $ | 577.2 | | | $ | 123.8 | | | $ | 2,129.8 | | | Reconciliation of segment operating income to consolidated operating income and income before income taxes: | | | Corporate expenses, net | | $ | (832.5) | | | | | Restructuring and other charges, net(b) | | (118.1) | | | Operating income | | 1,179.2 | | | Non-operating income (expense), net | | (1.5) | | | Income before income taxes | | $ | 1,177.7 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal Year Ended March 29, 2025 | | | | North America | | Europe | | Asia | | Other non-reportable segments | | Total | | | | (millions) | | Net revenues, significant expenses, and segment operating income: | | | | | | | | | | | | Net revenues | | $ | 3,050.1 | | | $ | 2,174.9 | | | $ | 1,709.4 | | | $ | 144.6 | | | $ | 7,079.0 | | | Cost of goods sold | | (1,184.8) | | | (733.1) | | | (355.7) | | | — | | | (2,273.6) | | Selling, general, and administrative expenses(a) | | (1,225.2) | | | (875.6) | | | (940.5) | | | (18.8) | | | (3,060.1) | | | Total segment operating income | | $ | 640.1 | | | $ | 566.2 | | | $ | 413.2 | | | $ | 125.8 | | | $ | 1,745.3 | | | Reconciliation of segment operating income to consolidated operating income and income before income taxes: | | | Corporate expenses, net | | $ | (755.4) | | | | | Restructuring and other charges, net(b) | | (57.8) | | | Operating income | | 932.1 | | | Non-operating income (expense), net | | 18.6 | | | Income before income taxes | | $ | 950.7 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal Year Ended March 30, 2024 | | | | North America | | Europe | | Asia | | Other non-reportable segments | | Total | | | | (millions) | | Net revenues, significant expenses, and segment operating income: | | | | | | | | | | | | Net revenues | | $ | 2,950.5 | | | $ | 1,968.0 | | | $ | 1,566.6 | | | $ | 146.3 | | | $ | 6,631.4 | | | Cost of goods sold | | (1,211.8) | | | (710.5) | | | (338.6) | | | — | | | (2,260.9) | | Selling, general, and administrative expenses(a) | | (1,189.8) | | | (792.9) | | | (892.1) | | | (17.4) | | | (2,892.2) | | | Total segment operating income | | $ | 548.9 | | | $ | 464.6 | | | $ | 335.9 | | | $ | 128.9 | | | $ | 1,478.3 | | | Reconciliation of segment operating income to consolidated operating income and income before income taxes: | | | Corporate expenses, net | | $ | (647.0) | | | | | Restructuring and other charges, net(b) | | (74.9) | | | Operating income | | 756.4 | | | Non-operating income (expense), net | | 21.0 | | | Income before income taxes | | $ | 777.4 | |
(a)SG&A expenses include costs relating to compensation and benefits, marketing and advertising, rent and occupancy, distribution, depreciation and amortization, bad debt, and other selling and administrative costs. (b)The fiscal years presented included certain restructuring and other charges, net (see Note 8) that are excluded from the segment profitability measure utilized by the CODM, which are detailed below: | | | | | | | | | | | | | | | | | | | | | | | | Fiscal Years Ended | | | | March 28,
2026 | | March 29,
2025 | | March 30,
2024 | | | | (millions) | | Restructuring and other charges, net: | | | | | | | | North America-related | | $ | (7.6) | | | $ | (0.6) | | | $ | (6.6) | | | Europe-related | | (1.2) | | | (3.4) | | | (3.9) | | | Asia-related | | (3.5) | | | (2.6) | | | (7.6) | | | Other non-reportable segment-related | | — | | | (0.1) | | | (0.6) | | | Corporate operations-related | | (13.6) | | | (13.7) | | | (37.1) | | | Restructuring charges, net | | (25.9) | | | (20.4) | | | (55.8) | | Other charges (see Note 8) | | (92.2) | | | (37.4) | | | (19.1) | | | Total restructuring and other charges, net | | $ | (118.1) | | | $ | (57.8) | | | $ | (74.9) | |
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| Net revenues and long-lived assets by geographic location |
Net revenues and long-lived assets by geographic location of the reporting subsidiary are as follows: | | | | | | | | | | | | | | | | | | | | | | | | Fiscal Years Ended | | | | March 28,
2026 | | March 29,
2025 | | March 30,
2024 | | | | (millions) | Net revenues(a): | | | | | | | The Americas(b) | | $ | 3,495.1 | | | $ | 3,215.1 | | | $ | 3,122.2 | | Europe(c) | | 2,515.8 | | | 2,154.5 | | | 1,942.6 | | Asia(d) | | 2,103.6 | | | 1,709.4 | | | 1,566.6 | | | Total net revenues | | $ | 8,114.5 | | | $ | 7,079.0 | | | $ | 6,631.4 | |
| | | | | | | | | | | | | | | | | | March 28,
2026 | | March 29,
2025 | | | | (millions) | Long-lived assets(a): | | | | | The Americas(b) | | $ | 1,335.7 | | | $ | 1,079.2 | | Europe(c) | | 662.2 | | | 493.4 | | Asia(d) | | 372.3 | | | 286.9 | | | Total long-lived assets | | $ | 2,370.2 | | | $ | 1,859.5 | |
(a)For certain of the Company's licensed operations, net revenues and long-lived assets, which is comprised of property and equipment and lease ROU assets, 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. were $3.304 billion, $3.047 billion, and $2.971 billion in Fiscal 2026, Fiscal 2025, and Fiscal 2024, respectively. Long-lived assets located in the U.S. were $1.314 billion and $1.056 billion as of March 28, 2026 and March 29, 2025, respectively. (c)Includes the Middle East. (d)Includes Australia and New Zealand.
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