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Business Segment Information
3 Months Ended
Mar. 02, 2025
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®, Levi Strauss Signature™ and Denizen® brands. The Beyond Yoga® business is managed separately. 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. In the first quarter of 2024 we announced the strategic decision to discontinue the Denizen® brand with operations winding down during fiscal year 2024 and into 2025. The wind down of Denizen® brand operations was substantially complete at March 2, 2025. 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. Accordingly, the Company classified the Dockers® business as discontinued operations in its consolidated statements of operations 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.
Business segment information for the Company is as follows: 
 Three Months Ended
 March 2,
2025
February 25,
2024
 (Dollars in millions)
Net revenues:
Americas$783.0 $735.8 
Europe400.5 423.5 
Asia308.1 288.8 
Total segment net revenues1,491.6 1,448.1 
Beyond Yoga®
35.2 32.1 
Total net revenues$1,526.8 $1,480.2 
Income (loss) from continuing operations before income taxes:
Americas$169.7 $132.4 
Europe102.4 103.5 
Asia57.9 48.5 
Total segment operating income330.0 284.4 
Beyond Yoga operating (loss) income
(3.1)(0.9)
Restructuring charges, net(1)
(6.7)(113.1)
Corporate expenses(2)
(128.6)(169.8)
Interest expense(10.9)(10.0)
Other expense, net(2)
(4.1)(2.3)
Income (loss) from continuing operations before income taxes
$176.6 $(11.7)
____________
(1)Restructuring charges, net for the three months ended March 2, 2025 consisted primarily of severance and other post-employment benefit charges, and asset impairment and contract termination costs in connection with Project Fuel.
Restructuring charges, net for the three months ended February 25, 2024 consisted primarily of severance and other post-employment benefit charges in connection with Project Fuel.