| Business Segment Information |
Business segment information for the Company is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended August 30, 2026 | | Levi’s Brands | | | | Americas | | Europe | | Asia | | Total | | (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), net | | | | | | | 10.7 | | 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 | | | | Americas | | Europe | | Asia | | Total | | (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 | | | | Americas | | Europe | | Asia | | Total | | (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), net | | | | | | | 1.3 | | 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 | | | | Americas | | Europe | | Asia | | Total | | (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), net | | | | | | | 3.5 | | 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 Ended | | Nine 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 | | | Europe | 9.0 | | | 7.8 | | | 26.0 | | | 22.8 | | | Asia | 4.9 | | | 5.2 | | | 15.2 | | | 14.1 | | | Total segment depreciation and amortization expense | 29.4 | | | 28.3 | | | 87.3 | | | 82.3 | | | Beyond Yoga and unallocated | 25.4 | | | 23.5 | | | 80.0 | | | 67.7 | | | Total continuing operations depreciation and amortization expense | $ | 54.8 | | | $ | 51.8 | | | $ | 167.3 | | | $ | 150.0 | |
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| Reconciliation of other significant reconciling items |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | August 30, 2026 | | Levi's Brands | | | | | | | | Americas | | Europe | | Asia | | Segment 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 assets | | | | | | | | | 5,675.5 | | | 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 | | | | | | | | Americas | | Europe | | Asia | | Segment 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 assets | | | | | | | | | 5,611.1 | | | 5,611.1 | | | Total assets | | | | | | | | | | | $ | 6,848.8 | |
____________ | | | | | | | (1) | Unallocated inventories include $38.5 million of Beyond Yoga inventory. |
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