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Business Segment Information
6 Months Ended
Jun. 01, 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 the wind down of operations substantially complete as of 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. During the second quarter of 2025, the Company entered into a definitive agreement to sell its Dockers® business. Accordingly, the Company classified the Dockers® business as discontinued operations in its consolidated statements of income 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 EndedSix Months Ended
 June 1,
2025
May 26,
2024
June 1,
2025
May 26,
2024
 (Dollars in millions)
Net revenues:
Americas$748.4 $712.2 $1,531.4 $1,448.0 
Europe403.1 353.7 803.6 777.2 
Asia257.7 260.0 565.8 548.8 
Total segment net revenues1,409.2 1,325.9 2,900.8 2,774.0 
Beyond Yoga®
36.8 32.9 72.0 65.0 
Total net revenues$1,446.0 $1,358.8 $2,972.8 $2,839.0 
Income (loss) from continuing operations before income taxes:
Americas$153.3 $126.5 $323.0 $258.9 
Europe69.4 53.3 171.8 156.8 
Asia29.6 33.9 87.5 82.4 
Total segment operating income252.3 213.7 582.3 498.1 
Beyond Yoga® operating (loss) income
(4.4)(2.9)(7.5)(3.8)
Restructuring charges, net(1)
(6.8)(55.1)(13.5)(168.2)
Corporate expenses(2)
(133.1)(134.8)(261.7)(304.6)
Interest expense(11.8)(10.3)(22.7)(20.3)
Other income (expense), net
6.3 0.4 2.2 (1.9)
Income (loss) from continuing operations before income taxes
$102.5 $11.0 $279.1 $(0.7)
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(1)Restructuring charges, net for the three and six months ended June 1, 2025 consisted primarily of severance and other post-employment benefit charges, and asset impairment and contract termination costs, partially offset by a gain recognized on the sale of a distribution center in connection with Project Fuel.
Restructuring charges, net for the three and six months ended May 26, 2024 consisted primarily of severance and other post-employment benefit charges in connection with Project Fuel.
(2)$3.1 million benefit related to incentive compensation for the Dockers® business was reclassified from Corporate expenses to SG&A within discontinued operations for the six months ended May 26, 2024.