v3.26.3
Other Income (Expense), Net (Tables)
 9 Months Ended
Aug. 30, 2026
Other Income and Expenses [Abstract]  
Schedule of other nonoperating income (expense)
The following table summarizes significant components of “Other income (expense), net”: 
Three Months EndedNine Months Ended
August 30,
2026		August 31,
2025		August 30,
2026		August 31,
2025
(Dollars in millions)
Foreign exchange management gains(1)
$2.3 $11.0 $16.5 $41.0 
Foreign currency transaction losses(2)
(0.6)(11.1)(7.2)(48.6)
Marketable securities gains0.3 4.9 3.9 2.2 
Legal settlement gain (3)
— — 33.0 — 
Other, net (4)
8.7 (3.5)20.0 8.9 
Total other income (expense), net
$10.7 $1.3 $66.2 $3.5 
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(1)Gains and losses on forward foreign exchange contracts primarily result from currency fluctuations relative to negotiated contract rates. For the three and nine months ended August 30, 2026, gains were primarily due to currency fluctuations relative to negotiated contract rates on positions to buy the Mexican peso and Australian dollar. For the three and nine months ended August 31, 2025, gains were primarily due to currency fluctuations relative to negotiated contract rates on positions to buy the Euro.
(2)Foreign currency transaction gains and losses reflect the impact of currency fluctuations on the Company's foreign currency denominated balances. For the three and nine months ended August 30, 2026, losses were primarily due to the impact of U.S. dollar weakening against the Mexican peso and Euro. For the three and nine months ended August 31, 2025, losses were primarily due to the impact of U.S. dollar weakening against the Euro.
(3)During the nine months ended August 30, 2026 the Company recognized a gain related to a trademark infringement legal settlement.
(4)Other, net for the three and nine months ended August 30, 2026 includes interest income received from IEEPA tariff refunds of $4.7 million.