XML 47 R37.htm IDEA: XBRL DOCUMENT v3.23.3
Segment Information (Tables)
6 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Net revenues by segment
Net revenues for each of the Company's segments are as follows:
 Three Months EndedSix Months Ended
 September 30,
2023
October 1,
2022
September 30,
2023
October 1,
2022
 (millions)
Net revenues:
North America$717.8 $726.6 $1,349.5 $1,427.3 
Europe526.8 493.5 977.3 909.1 
Asia348.4 316.4 725.9 650.5 
Other non-reportable segments40.0 43.4 76.8 83.6 
Total net revenues$1,633.0 $1,579.9 $3,129.5 $3,070.5 
Net operating income (loss) by segment
Operating income for each of the Company's segments is as follows:
 Three Months EndedSix Months Ended
 September 30,
2023
October 1,
2022
September 30,
2023
October 1,
2022
 (millions)
Operating income:
North America$110.2 $127.1 $235.5 $259.9 
Europe132.4 134.6 229.6 207.8 
Asia68.4 65.7 161.7 144.4 
Other non-reportable segments34.1 40.0 67.9 77.2 
345.1 367.4 694.7 689.3 
Unallocated corporate expenses(171.3)(153.8)(318.9)(294.9)
Unallocated restructuring and other charges, net(a)
(9.3)(6.9)(44.9)(12.5)
Total operating income$164.5 $206.7 $330.9 $381.9 
(a)The three-month and six-month periods ended September 30, 2023 and October 1, 2022 included certain unallocated restructuring and other charges, net (see Note 7), which are detailed below:
 Three Months EndedSix Months Ended
 September 30,
2023
October 1,
2022
September 30,
2023
October 1,
2022
 (millions)
Unallocated restructuring and other charges, net:
North America-related$(1.6)$— $(5.5)$— 
Europe-related0.7 — (0.7)1.1 
Asia-related(2.1)— (3.5)0.2 
Corporate operations-related (1.8)(1.2)(25.6)(3.2)
Unallocated restructuring charges(4.8)(1.2)(35.3)(1.9)
Other charges (see Note 7)
(4.5)(5.7)(9.6)(10.6)
Total unallocated restructuring and other charges, net$(9.3)$(6.9)$(44.9)$(12.5)
Unallocated restructuring and other charges The three-month and six-month periods ended September 30, 2023 and October 1, 2022 included certain unallocated restructuring and other charges, net (see Note 7), which are detailed below:
 Three Months EndedSix Months Ended
 September 30,
2023
October 1,
2022
September 30,
2023
October 1,
2022
 (millions)
Unallocated restructuring and other charges, net:
North America-related$(1.6)$— $(5.5)$— 
Europe-related0.7 — (0.7)1.1 
Asia-related(2.1)— (3.5)0.2 
Corporate operations-related (1.8)(1.2)(25.6)(3.2)
Unallocated restructuring charges(4.8)(1.2)(35.3)(1.9)
Other charges (see Note 7)
(4.5)(5.7)(9.6)(10.6)
Total unallocated restructuring and other charges, net$(9.3)$(6.9)$(44.9)$(12.5)
Depreciation and amortization by segment
Depreciation and amortization expense for the Company's segments is as follows:
 Three Months EndedSix Months Ended
 September 30,
2023
October 1,
2022
September 30,
2023
October 1,
2022
 (millions)
Depreciation and amortization expense:
North America$20.1 $18.0 $40.4 $36.2 
Europe9.3 7.3 18.1 15.1 
Asia13.4 11.5 26.7 23.6 
Unallocated corporate15.7 16.5 31.6 33.2 
Total depreciation and amortization expense
$58.5 $53.3 $116.8 $108.1 
Net revenues by geographic location
Net revenues by geographic location of the reporting subsidiary are as follows:
 Three Months EndedSix Months Ended
 September 30,
2023
October 1,
2022
September 30,
2023
October 1,
2022
 (millions)
Net revenues(a):
The Americas(b)
$763.3 $777.0 $1,439.9 $1,523.2 
Europe(c)
521.3 486.4 963.7 896.8 
  Asia(d)
348.4 316.5 725.9 650.5 
Total net revenues$1,633.0 $1,579.9 $3,129.5 $3,070.5 
(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 30, 2023 were $726.7 million and $1.370 billion, respectively, and $737.3 million and $1.449 billion during the three-month and six-month periods ended October 1, 2022, respectively.
(c)Includes the Middle East.
(d)Includes Australia and New Zealand.