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Segment Information (Tables)
6 Months Ended
Oct. 01, 2022
Segment Reporting [Abstract]  
Net revenues by segment
Net revenues for each of the Company's segments are as follows:
 Three Months EndedSix Months Ended
 October 1,
2022
September 25,
2021
October 1,
2022
September 25,
2021
 (millions)
Net revenues:
North America$726.6 $703.1 $1,427.3 $1,365.2 
Europe493.5 495.5 909.1 850.4 
Asia316.4 269.9 650.5 558.1 
Other non-reportable segments43.4 35.6 83.6 106.7 
Total net revenues$1,579.9 $1,504.1 $3,070.5 $2,880.4 
Net operating income (loss) by segment
Operating income for each of the Company's segments is as follows:
 Three Months EndedSix Months Ended
 October 1,
2022
September 25,
2021
October 1,
2022
September 25,
2021
 (millions)
Operating income(a):
North America$127.1 $170.6 $259.9 $356.9 
Europe134.6 161.8 207.8 256.3 
Asia65.7 43.4 144.4 103.8 
Other non-reportable segments40.0 32.3 77.2 67.7 
367.4 408.1 689.3 784.7 
Unallocated corporate expenses(153.8)(148.5)(294.9)(303.8)
Unallocated restructuring and other charges, net(b)
(6.9)(7.7)(12.5)(8.4)
Total operating income$206.7 $251.9 $381.9 $472.5 
(a)Segment operating income and unallocated corporate expenses during the three-month and six-month periods ended October 1, 2022 and September 25, 2021 also included asset impairment charges (see Note 7), which are detailed below:
 Three Months EndedSix Months Ended
 October 1,
2022
September 25,
2021
October 1,
2022
September 25,
2021
 (millions)
Asset impairment charges:
North America$— $(0.4)$— $(0.4)
Asia— — — (1.1)
Other non-reportable segments— (0.3)— (0.3)
Unallocated corporate expenses(0.2)— (0.2)(17.5)
Total asset impairment charges$(0.2)$(0.7)$(0.2)$(19.3)
(b)The three-month and six-month periods ended October 1, 2022 and September 25, 2021 included certain unallocated restructuring and other charges, net (see Note 8), which are detailed below:
 Three Months EndedSix Months Ended
 October 1,
2022
September 25,
2021
October 1,
2022
September 25,
2021
 (millions)
Unallocated restructuring and other charges, net:
North America-related$— $— $— $0.1 
Europe-related— — 1.1 1.0 
Asia-related— 0.3 0.2 0.4 
Other non-reportable segment-related— — — (0.1)
Corporate operations-related (1.2)(2.9)(3.2)(3.9)
Unallocated restructuring charges(1.2)(2.6)(1.9)(2.5)
Other charges (see Note 8)(5.7)(5.1)(10.6)(5.9)
Total unallocated restructuring and other charges, net$(6.9)$(7.7)$(12.5)$(8.4)
Asset impairment charges by segment Segment operating income and unallocated corporate expenses during the three-month and six-month periods ended October 1, 2022 and September 25, 2021 also included asset impairment charges (see Note 7), which are detailed below:
 Three Months EndedSix Months Ended
 October 1,
2022
September 25,
2021
October 1,
2022
September 25,
2021
 (millions)
Asset impairment charges:
North America$— $(0.4)$— $(0.4)
Asia— — — (1.1)
Other non-reportable segments— (0.3)— (0.3)
Unallocated corporate expenses(0.2)— (0.2)(17.5)
Total asset impairment charges$(0.2)$(0.7)$(0.2)$(19.3)
Unallocated restructuring and other charges The three-month and six-month periods ended October 1, 2022 and September 25, 2021 included certain unallocated restructuring and other charges, net (see Note 8), which are detailed below:
 Three Months EndedSix Months Ended
 October 1,
2022
September 25,
2021
October 1,
2022
September 25,
2021
 (millions)
Unallocated restructuring and other charges, net:
North America-related$— $— $— $0.1 
Europe-related— — 1.1 1.0 
Asia-related— 0.3 0.2 0.4 
Other non-reportable segment-related— — — (0.1)
Corporate operations-related (1.2)(2.9)(3.2)(3.9)
Unallocated restructuring charges(1.2)(2.6)(1.9)(2.5)
Other charges (see Note 8)(5.7)(5.1)(10.6)(5.9)
Total unallocated restructuring and other charges, net$(6.9)$(7.7)$(12.5)$(8.4)
Depreciation and amortization by segment
Depreciation and amortization expense for the Company's segments is as follows:
 Three Months EndedSix Months Ended
 October 1,
2022
September 25,
2021
October 1,
2022
September 25,
2021
 (millions)
Depreciation and amortization expense:
North America$18.0 $17.7 $36.2 $35.7 
Europe7.3 7.5 15.1 15.3 
Asia11.5 12.9 23.6 25.8 
Other non-reportable segments— — — 0.4 
Unallocated corporate16.5 17.8 33.2 35.9 
Total depreciation and amortization expense
$53.3 $55.9 $108.1 $113.1 
Net revenues by geographic location
Net revenues by geographic location of the reporting subsidiary are as follows:
 Three Months EndedSix Months Ended
 October 1,
2022
September 25,
2021
October 1,
2022
September 25,
2021
 (millions)
Net revenues(a):
The Americas(b)
$777.0 $741.9 $1,523.2 $1,477.3 
Europe(c)
486.4 492.0 896.8 844.5 
  Asia(d)
316.5 270.2 650.5 558.6 
Total net revenues$1,579.9 $1,504.1 $3,070.5 $2,880.4 
(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 October 1, 2022 were $737.3 million and $1.449 billion, respectively, and $709.1 million and $1.417 billion, during the three-month and six-month periods ended September 25, 2021, respectively.
(c)Includes the Middle East.
(d)Includes Australia and New Zealand.