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Segment Information (Tables)
 6 Months Ended
Sep. 26, 2020
Segment Reporting [Abstract]  
Net revenues by segment
Net revenues and operating income (loss) for each of the Company's segments are as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 26,
2020
 
September 28,
2019
 
September 26,
2020
 
September 28,
2019
 
 
(millions)
Net revenues:
 
 
 
 
 
 
 
 
North America
 
$
542.9

 
$
881.2

 
$
708.0

 
$
1,600.6

Europe
 
359.5

 
480.2

 
480.2

 
841.0

Asia
 
236.6

 
255.3

 
408.5

 
513.9

Other non-reportable segments
 
54.5

 
89.5

 
84.3

 
179.5

Total net revenues
 
$
1,193.5

 
$
1,706.2

 
$
1,681.0

 
$
3,135.0
Net operating income by segment
 
 
Three Months Ended
 
Six Months Ended
 
 
September 26,
2020
 
September 28,
2019
 
September 26,
2020
 
September 28,
2019
 
 
(millions)
Operating income (loss)(a):
 
 
 
 
 
 
 
 
North America
 
$
123.3

 
$
192.4

 
$
98.5

 
$
342.5

Europe
 
83.6

 
140.6

 
66.7

 
220.0

Asia
 
41.1

 
40.9

 
51.2

 
89.0

Other non-reportable segments
 
15.2

 
22.8

 
16.1

 
55.7

 
 
263.2

 
396.7

 
232.5

 
707.2

Unallocated corporate expenses
 
(123.0
)
 
(149.1
)
 
(253.3
)
 
(286.7
)
Unallocated restructuring and other charges(b)
 
(160.5
)
 
(14.5
)
 
(167.5
)
 
(44.1
)
Total operating income (loss)
 
$
(20.3
)
 
$
233.1

 
$
(188.3
)
 
$
376.4


 
(a) 
Segment operating income (loss) during the three months ended September 26, 2020 reflects net bad debt expense reversals of $5.3 million, $3.0 million, and $0.6 million related to North America, Europe, and other non-reportable segments, respectively, and $20.8 million, $4.0 million, and $0.6 million related to North America, Europe, and other non-reportable segments, respectively, during the six months ended September 26, 2020, primarily related to adjustments to reserves previously established in connection with COVID-19 business disruptions. Segment operating income (loss) and unallocated corporate expenses during the three-month and six-month periods ended September 26, 2020 and September 28, 2019 also included asset impairment charges (see Note 7), which are detailed below:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
September 26,
2020
 
September 28,
2019
 
September 26,
2020
 
September 28,
2019
 
 
 
(millions)
 
Asset impairment charges:
 
 
 
 
 
 
 
 
 
North America
 
$
(9.7
)
 
$
—

 
$
(9.9
)
 
$
—

 
Europe
 
(21.2
)
 
—

 
(21.2
)
 
—

 
Asia
 
—

 
—

 
(1.3
)
 
—

 
Other non-reportable segments
 
(0.1
)
 
(3.8
)
 
(0.7
)
 
(3.8
)
 
Unallocated corporate expenses
 
—

 
(2.3
)
 
—

 
(3.5
)
 
Total asset impairment charges
 
$
(31.0
)
 
$
(6.1
)
 
$
(33.1
)
 
$
(7.3
)


(b) 
The three-month and six-month periods ended September 26, 2020 and September 28, 2019 included certain unallocated restructuring and other charges (see Note 8), which are detailed below:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
September 26,
2020
 
September 28,
2019
 
September 26,
2020
 
September 28,
2019
 
 
 
(millions)
 
Unallocated restructuring and other charges:
 
 
 
 
 
 
 
 
 
North America-related
 
$
(41.2
)
 
$
—

 
$
(41.3
)
 
$
(0.7
)
 
Europe-related
 
(26.3
)
 
(1.3
)
 
(26.3
)
 
(3.1
)
 
Asia-related
 
(10.1
)
 
(0.3
)
 
(9.9
)
 
(0.8
)
 
Other non-reportable segment-related
 
(0.7
)
 
(0.7
)
 
(1.8
)
 
(0.7
)
 
Corporate operations-related
 
(79.3
)
 
(10.8
)
 
(80.9
)
 
(14.8
)
 
Unallocated restructuring charges
 
(157.6
)
 
(13.1
)
 
(160.2
)
 
(20.1
)
 
Other charges (see Note 8)
 
(2.9
)
 
(1.4
)
 
(7.3
)
 
(24.0
)
 
Total unallocated restructuring and other charges
 
$
(160.5
)
 
$
(14.5
)
 
$
(167.5
)
 
$
(44.1
)
Asset impairment charges by segment Segment operating income (loss) and unallocated corporate expenses during the three-month and six-month periods ended September 26, 2020 and September 28, 2019 also included asset impairment charges (see Note 7), which are detailed below:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
September 26,
2020
 
September 28,
2019
 
September 26,
2020
 
September 28,
2019
 
 
 
(millions)
 
Asset impairment charges:
 
 
 
 
 
 
 
 
 
North America
 
$
(9.7
)
 
$
—

 
$
(9.9
)
 
$
—

 
Europe
 
(21.2
)
 
—

 
(21.2
)
 
—

 
Asia
 
—

 
—

 
(1.3
)
 
—

 
Other non-reportable segments
 
(0.1
)
 
(3.8
)
 
(0.7
)
 
(3.8
)
 
Unallocated corporate expenses
 
—

 
(2.3
)
 
—

 
(3.5
)
 
Total asset impairment charges
 
$
(31.0
)
 
$
(6.1
)
 
$
(33.1
)
 
$
(7.3
)
Schedule of unallocated restructuring and related costs
The three-month and six-month periods ended September 26, 2020 and September 28, 2019 included certain unallocated restructuring and other charges (see Note 8), which are detailed below:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
September 26,
2020
 
September 28,
2019
 
September 26,
2020
 
September 28,
2019
 
 
 
(millions)
 
Unallocated restructuring and other charges:
 
 
 
 
 
 
 
 
 
North America-related
 
$
(41.2
)
 
$
—

 
$
(41.3
)
 
$
(0.7
)
 
Europe-related
 
(26.3
)
 
(1.3
)
 
(26.3
)
 
(3.1
)
 
Asia-related
 
(10.1
)
 
(0.3
)
 
(9.9
)
 
(0.8
)
 
Other non-reportable segment-related
 
(0.7
)
 
(0.7
)
 
(1.8
)
 
(0.7
)
 
Corporate operations-related
 
(79.3
)
 
(10.8
)
 
(80.9
)
 
(14.8
)
 
Unallocated restructuring charges
 
(157.6
)
 
(13.1
)
 
(160.2
)
 
(20.1
)
 
Other charges (see Note 8)
 
(2.9
)
 
(1.4
)
 
(7.3
)
 
(24.0
)
 
Total unallocated restructuring and other charges
 
$
(160.5
)
 
$
(14.5
)
 
$
(167.5
)
 
$
(44.1
)
Depreciation and amortization by segment
Depreciation and amortization expense for the Company's segments is as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 26,
2020
 
September 28,
2019
 
September 26,
2020
 
September 28,
2019
 
 
(millions)
Depreciation and amortization expense:
 
 
 
 
 
 
 
 
North America
 
$
17.6

 
$
18.6

 
$
35.7

 
$
37.5

Europe
 
8.1

 
7.7

 
15.8

 
15.3

Asia
 
14.4

 
14.7

 
28.6

 
29.7

Other non-reportable segments
 
1.0

 
1.5

 
2.1

 
2.8

Unallocated corporate
 
20.4

 
24.1

 
43.0

 
47.5

Total depreciation and amortization expense
 
$
61.5

 
$
66.6

 
$
125.2

 
$
132.8
Net revenues by geographic location
Net revenues by geographic location of the reporting subsidiary are as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
September 26,
2020
 
September 28,
2019
 
September 26,
2020
 
September 28,
2019
 
 
(millions)
Net revenues(a):
 
 
 
 
 
 
 
 
The Americas(b)
 
$
597.8

 
$
972.6

 
$
792.5

 
$
1,783.0

Europe(c)
 
358.8

 
478.0

 
479.7

 
837.5

  Asia(d)
 
236.9

 
255.6

 
408.8

 
514.5

Total net revenues
 
$
1,193.5

 
$
1,706.2

 
$
1,681.0

 
$
3,135.0

 
(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 and six-month periods ended September 26, 2020 were $567.7 million and $753.8 million, respectively, and $911.1 million and $1.671 billion during the three-month and six-month periods ended September 28, 2019, respectively.
(c) 
Includes the Middle East.
(d) 
Includes Australia and New Zealand.