v3.26.1
Segment Information (Tables)
 3 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
Segment Reporting
Net revenues, significant expenses, and segment operating income for each of the Company's segments are as follows:
Three Months Ended June 27, 2026
North AmericaEuropeAsiaOther non-reportable segmentsTotal
(millions)
Net revenues, significant expenses, and segment operating income:
Net revenues$740.3 $594.4 $589.3 $35.8 $1,959.8 
Cost of goods sold(264.1)(174.3)(99.6)— (538.0)
Selling, general, and administrative expenses(a)
(305.3)(263.2)(292.0)(4.1)(864.6)
Total segment operating income$170.9 $156.9 $197.7 $31.7 $557.2 
Reconciliation of segment operating income to consolidated operating income and income before income taxes:
Corporate expenses, net
$(190.0)
Restructuring and other charges, net(b)
(24.8)
Operating income342.4 
Non-operating income (expense), net(0.2)
Income before income taxes$342.2 
Three Months Ended June 28, 2025
North AmericaEuropeAsiaOther non-reportable segmentsTotal
(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 income273.6 
Non-operating income (expense), net4.4 
Income before income taxes$278.0 
(a)SG&A expenses include costs relating to compensation and benefits, marketing and advertising, rent and occupancy, distribution, depreciation and amortization, bad debt, and other selling and administrative costs.
(b)The three-month periods ended June 27, 2026 and June 28, 2025 included certain restructuring and other charges, net (see Note 7) that are excluded from the segment profitability measure utilized by the CODM, which are detailed below:
Three Months Ended
June 27,
2026		June 28,
2025
(millions)
Restructuring and other charges, net:
Europe-related$(0.1)$(0.1)
Asia-related0.2 (1.3)
Corporate operations-related (3.1)(4.4)
Restructuring charges, net(3.0)(5.8)
Other charges (see Note 7)
(21.8)(13.5)
Total restructuring and other charges, net$(24.8)$(19.3)
Restructuring and other charges
(b)The three-month periods ended June 27, 2026 and June 28, 2025 included certain restructuring and other charges, net (see Note 7) that are excluded from the segment profitability measure utilized by the CODM, which are detailed below:
Three Months Ended
June 27,
2026		June 28,
2025
(millions)
Restructuring and other charges, net:
Europe-related$(0.1)$(0.1)
Asia-related0.2 (1.3)
Corporate operations-related (3.1)(4.4)
Restructuring charges, net(3.0)(5.8)
Other charges (see Note 7)
(21.8)(13.5)
Total restructuring and other charges, net$(24.8)$(19.3)
Depreciation and amortization by segment
The following tables summarize depreciation and amortization expense and capital expenditures for each of the Company's segments:
Three Months Ended
June 27,
2026		June 28,
2025
(millions)
Depreciation and amortization expense:
North America$19.9 $20.6 
Europe9.6 9.2 
Asia14.8 13.8 
Corporate14.6 11.9 
Total depreciation and amortization expense
$58.9 $55.5 
Capital expenditures, by segment
Three Months Ended
June 27,
2026		June 28,
2025
(millions)
Capital expenditures:
North America$10.4 $129.6 
Europe13.9 7.2 
Asia12.9 12.1 
Corporate16.2 38.4 
Total capital expenditures$53.4 $187.3 
Net revenues by geographic location
Net revenues by geographic location of the reporting subsidiary are as follows:
Three Months Ended
June 27,
2026		June 28,
2025
(millions)
Net revenues(a):
The Americas(b)
$784.2 $697.0 
Europe(c)
586.3 548.1 
 Asia(d)
589.3 474.0 
Total net revenues$1,959.8 $1,719.1 
(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 27, 2026 and June 28, 2025 were $740.7 million and $657.8 million, respectively.
(c)Includes the Middle East.
(d)Includes Australia and New Zealand.