v3.26.3
Business Segment Information
 9 Months Ended
Aug. 30, 2026
Segment Reporting [Abstract]  
BUSINESS SEGMENT INFORMATION BUSINESS SEGMENT INFORMATION
The Company manages its business according to three reportable segments: Americas, Europe, and Asia, collectively comprising the Company’s Levi’s Brands business, which includes Levi’s® and Levi Strauss Signature™ brands. The Beyond Yoga® business is managed separately and does not meet the quantitative threshold for reportable segments. Corporate expenses are comprised of selling, general and administrative expenses that management does not attribute to any of our operating segments and these expenses primarily relate to corporate administration, information resources, finance and human resources functional and organizational costs. At the end of the first quarter of 2025, the Company determined that the Dockers® business met held for sale and discontinued operations accounting criteria. During the second quarter of 2025, the Company entered into a definitive agreement to sell its Dockers® business and on July 31, 2025 the Company sold the Dockers® intellectual property and operations in the U.S. and Canada. The Company sold the remaining Dockers® operations in multiple closings during the first quarter of 2026, with the final closing on February 27, 2026. Accordingly, the Company classified the Dockers® business as discontinued operations in its consolidated statements of income for all periods presented and excluded the business from segment results for all periods presented. See Note 2 “Discontinued Operations”.
The Company considers its chief executive officer to be its chief operating decision maker. The Company’s chief operating decision maker manages business operations, evaluates performance and allocates resources based on the segments’ net revenues and operating income. The Company reports inventories by segment as that information is used by the chief operating decision maker in assessing segment performance. The Company does not report its other assets by segment as that information is not regularly provided to the chief operating decision maker in assessing segment performance.
Business segment information for the Company is as follows: 
Three Months Ended August 30, 2026
Levi’s Brands
AmericasEuropeAsiaTotal
(Dollars in millions)
Segment net revenues
$838.8 $442.1 $292.8 $1,573.7 
Beyond Yoga® net revenues
36.0 
Total net revenues
$1,609.7 
Segment cost of goods sold
276.8 129.3 113.3 
Segment selling, general, and administrative
311.1 212.0 137.9 
Segment operating income$250.9 $100.8 $41.6 $393.3 
Beyond Yoga® operating loss
(5.3)
Restructuring charges, net(1)
(7.6)
Corporate expenses(158.1)
Interest expense(12.9)
Other income (expense), net10.7 
Income from continuing operations before income taxes
$220.1 
____________
(1)     For the three months ended August 30, 2026 restructuring charges, net consisted primarily of asset impairment charges related to the decision to discontinue certain technology projects as well as severance and post-employment benefit charges.
Nine Months Ended August 30, 2026
Levi’s Brands
AmericasEuropeAsiaTotal
(Dollars in millions)
Segment net revenues
$2,510.0 $1,358.3 $924.0 $4,792.3 
Beyond Yoga® net revenues
121.9 
Total net revenues
$4,914.2 
Segment cost of goods sold
1,007.4 367.6 339.8 
Segment selling, general, and administrative
924.4 671.9 429.7 
Segment operating income$578.2 $318.8 $154.5 $1,051.5 
Beyond Yoga® operating loss
(8.5)
Restructuring charges, net(1)
(29.0)
Corporate expenses(470.8)
Interest expense(38.9)
Other income (expense), net(2)
66.2 
Income from continuing operations before income taxes
$570.5 
____________
(1)     For the nine months ended August 30, 2026 restructuring charges, net consisted primarily of severance and post-employment benefit charges and asset impairment charges related to the decision to discontinue certain technology projects, as well as contract terminations.
(2)     For the nine months ended August 30, 2026 other income (expense), net included a $33.0 million gain on legal settlement recorded during the first quarter. For more information refer to Note 14.

Three Months Ended August 31, 2025
Levi’s Brands
AmericasEuropeAsiaTotal
(Dollars in millions)
Segment net revenues
$806.4 $426.3 $277.7 $1,510.4 
Beyond Yoga® net revenues
33.0 
Total net revenues
$1,543.4 
Segment cost of goods sold
333.6 136.0 114.1 
Segment selling, general, and administrative
283.5 199.3 130.2 
Segment operating income$189.3 $91.0 $33.4 $313.7 
Beyond Yoga® operating loss
(4.8)
Restructuring charges, net(1)
(8.6)
Corporate expenses(132.9)
Interest expense(12.5)
Other income (expense), net1.3 
Income from continuing operations before income taxes
$156.2 
____________
(1)For the three months ended August 31, 2025 restructuring charges, net consisted primarily of severance and other post-employment benefit charges, asset impairments and contract termination costs, partially offset by a gain recognized on the sale of a distribution center in connection with Project Fuel.
Nine Months Ended August 31, 2025
Levi’s Brands
AmericasEuropeAsiaTotal
(Dollars in millions)
Segment net revenues
$2,337.8 $1,229.9 $843.5 $4,411.2 
Beyond Yoga® net revenues
105.0 
Total net revenues
$4,516.2 
Segment cost of goods sold
987.4 369.5 326.3 
Segment selling, general, and administrative
838.1 597.6 396.3 
Segment operating income$512.3 $262.8 $120.9 $896.0 
Beyond Yoga® operating loss
(12.3)
Restructuring charges, net(1)
(22.1)
Corporate expenses(394.6)
Interest expense(35.2)
Other income (expense), net3.5 
Income from continuing operations before income taxes
$435.3 
____________
(1)     For the nine months ended August 31, 2025 restructuring charges, net consisted primarily of severance and other post-employment benefit charges, and asset impairments and contract termination costs, partially offset by a gain recognized on the sale of a distribution center in connection with Project Fuel.

Three Months EndedNine Months Ended
August 30,
2026		August 31,
2025		August 30,
2026		August 31,
2025
(Dollars in millions)
Depreciation and amortization expense:
Americas$15.5 $15.3 $46.1 $45.4 
Europe9.0 7.8 26.0 22.8 
Asia4.9 5.2 15.2 14.1 
Total segment depreciation and amortization expense29.4 28.3 87.3 82.3 
Beyond Yoga and unallocated25.4 23.5 80.0 67.7 
Total continuing operations depreciation and amortization expense$54.8 $51.8 $167.3 $150.0 
August 30, 2026
Levi's Brands
AmericasEuropeAsiaSegment Total
Unallocated(1)
Consolidated Total
(Dollars in millions)
Assets:
Inventories$768.1 $172.3 $198.4 $1,138.8 $114.8 $1,253.6 
All other assets5,675.5 5,675.5 
Total assets$6,929.1 
____________
(1)
Unallocated inventories include $46.3 million of Beyond Yoga inventory.
November 30, 2025
Levi's Brands
AmericasEuropeAsiaSegment Total
Unallocated(1)
Consolidated Total
(Dollars in millions)
Assets:
Inventories$761.7 $161.3 $178.1 $1,101.1 $136.6 $1,237.7 
All other assets5,611.1 5,611.1 
Total assets$6,848.8 
____________
(1)
Unallocated inventories include $38.5 million of Beyond Yoga inventory.