XML 34 R24.htm IDEA: XBRL DOCUMENT v3.23.1
Business Segment Information
3 Months Ended
Feb. 26, 2023
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®, Signature by Levi Strauss & Co.™ and Denizen® brands. Other Brands, which includes Dockers® and Beyond Yoga® businesses do not meet the quantitative thresholds for reportable segments and therefore are presented under the caption of Other Brands.
The Company considers its chief executive officer to be the Company’s 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
 February 26,
2023
February 27,
2022
 (Dollars in millions)
Net revenues:
Americas$823.0 $765.9 
Europe455.1 469.4 
Asia289.5 258.4 
Other Brands121.3 97.9 
Total net revenues$1,688.9 $1,591.6 
Operating income:
Americas$134.6 $177.8 
Europe117.4 136.8 
Asia53.7 43.6 
Other Brands3.4 9.6 
Restructuring charges, net(11.4)2.0 
Corporate expenses(140.3)(135.6)
Total operating income157.4 234.2 
Interest expense(10.7)(4.2)
Other (expense) income, net(7.5)15.9 
Income before income taxes$139.2 $245.9