Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Aug. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The changes in the carrying amount of goodwill by business segment for the nine months ended August 31, 2025 and August 25, 2024 were as follows:

	Nine Months Ended August 31, 2025
	Americas		Europe		Asia		Other Brands(1)		Total
	(Dollars in millions)
Balance, December 1, 2024
Goodwill	$	242.7	$	37.2	$	2.9	$	123.6	$	406.4
Accumulated impairment losses	—		(17.1)		—		(111.7)		(128.8)
	242.7		20.1		2.9		11.9		277.6
Impairment losses	(2.5)		—		—		—		(2.5)
Goodwill acquired during the year	—		—		—		—		—
Foreign currency fluctuation	1.7		2.0		—		—		3.7
Balance, August 31, 2025
Goodwill	244.4		39.2		2.9		123.6		410.1
Accumulated impairment losses	(2.5)		(17.1)		—		(111.7)		(131.3)
	$	241.9	$	22.1	$	2.9	$	11.9	$	278.8

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(1)Comprised of the Beyond Yoga® reporting unit goodwill only.

	Nine Months Ended August 25, 2024
	Americas		Europe		Asia		Other Brands(1)		Total
	(Dollars in millions)
Balance, November 26, 2023
Goodwill	$	231.7	$	32.6	$	2.8	$	123.6	$	390.7
Accumulated impairment losses	—		(11.6)		—		(75.4)		(87.0)
	231.7		21.0		2.8		48.2		303.7
Impairment losses(2)	—		(5.5)		—		(36.3)		(41.8)
Goodwill acquired during the year(3)	15.9		5.0		—		—		20.9
Foreign currency fluctuation	(2.7)		0.6		0.1		—		(2.0)
Balance, August 25, 2024
Goodwill	244.9		38.2		2.9		123.6		409.6
Accumulated impairment losses	—		(17.1)		—		(111.7)		(128.8)
	$	244.9	$	21.1	$	2.9	$	11.9	$	280.8

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(1)Comprised of the Beyond Yoga® reporting unit goodwill only.

(2)For the nine months ended August 25, 2024 the Company recorded a Beyond Yoga® goodwill noncash impairment charge of $36.3 million.

(3)For the nine months ended August 25, 2024 the Company recorded goodwill of $15.9 million in connection with the acquisition of all operating assets related to Levi’s® brands from Expofaro S.A.S, the Company’s former distributor in Colombia.

Finite-lived intangible assets

The following table presents the Company’s other intangible assets, net:

	August 31, 2025						December 1, 2024
	Gross Carrying Value		Accumulated Amortization		Total		Gross Carrying Value		Accumulated Amortization		Total
	(Dollars in millions)
Non-amortized intangible assets:
Trademarks (1)	$	177.9	$	—	$	177.9	$	177.9	$	—	$	177.9
Amortized intangible assets:
Customer relationships and other (2)	38.6		(21.8)		16.8		37.6		(18.9)		18.7
Total	$	216.5	$	(21.8)	$	194.7	$	215.5	$	(18.9)	$	196.6

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(1)For the year ended December 1, 2024 the Company recorded a Beyond Yoga® trademark noncash impairment charge of $66.0 million based on a Level 3 fair value of $135.1 million.

(2)For the year ended December 1, 2024 the Company recorded a Beyond Yoga® customer relationship intangible assets noncash impairment charge of $9.1 million based on a Level 3 fair value of $9.7 million.

Indefinite-lived intangible assets

The following table presents the Company’s other intangible assets, net:

	August 31, 2025						December 1, 2024
	Gross Carrying Value		Accumulated Amortization		Total		Gross Carrying Value		Accumulated Amortization		Total
	(Dollars in millions)
Non-amortized intangible assets:
Trademarks (1)	$	177.9	$	—	$	177.9	$	177.9	$	—	$	177.9
Amortized intangible assets:
Customer relationships and other (2)	38.6		(21.8)		16.8		37.6		(18.9)		18.7
Total	$	216.5	$	(21.8)	$	194.7	$	215.5	$	(18.9)	$	196.6

_____________

(1)For the year ended December 1, 2024 the Company recorded a Beyond Yoga® trademark noncash impairment charge of $66.0 million based on a Level 3 fair value of $135.1 million.

(2)For the year ended December 1, 2024 the Company recorded a Beyond Yoga® customer relationship intangible assets noncash impairment charge of $9.1 million based on a Level 3 fair value of $9.7 million.