Cover Page - shares	9 Months Ended
Cover Page - shares	Aug. 31, 2025	Oct. 02, 2025
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 31, 2025
Document Transition Report	false
Entity File Number	001-06631
Entity Registrant Name	LEVI STRAUSS & CO
Amendment Flag	false
Current Fiscal Year End Date	--11-30
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000094845
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-0905160
Entity Address, Address Line One	1155 Battery Street
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94111
City Area Code	415
Local Phone Number	501-6000
Title of 12(b) Security	Class A Common Stock, $0.001 par value per share
Trading Symbol	LEVI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		103,091,513
Common Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		287,738,043

Consolidated Balance Sheets - USD ($) $ in Millions	Aug. 31, 2025	Dec. 01, 2024
Current Assets:
Cash and cash equivalents	$ 612.8	$ 690.0
Short-term investments in marketable securities	94.7	0.0
Trade receivables, net	722.9	710.0
Inventories	1,286.3	1,131.3
Other current assets	232.4	211.7
Total current assets held for sale	57.7	108.1
Total current assets	3,006.8	2,851.1
Property, plant and equipment, net	677.4	687.4
Goodwill	278.8	277.6
Other intangible assets, net	194.7	196.6
Deferred tax assets, net	808.1	798.5
Operating lease right-of-use assets, net	1,129.7	1,065.5
Other non-current assets	541.8	463.9
Non-current assets held for sale	19.1	34.9
Total assets	6,656.4	6,375.5
Current Liabilities:
Accounts payable	621.4	663.4
Accrued salaries, wages and employee benefits	224.5	234.2
Accrued sales returns and allowances	212.5	193.4
Short-term operating lease liabilities	261.1	247.4
Other accrued liabilities	659.5	672.1
Total current liabilities	1,979.0	2,010.5
Long-term debt	1,042.8	994.0
Long-term operating lease liabilities	987.1	943.0
Long-term employee related benefits and other liabilities	484.8	457.5
Total liabilities	4,493.7	4,405.0
Commitments and contingencies
Stockholders’ Equity:
Common stock — $0.001 par value; 1,200,000,000 Class A shares authorized, 102,602,359 shares and 103,984,741 shares issued and outstanding as of August 31, 2025 and December 1, 2024, respectively; and 422,000,000 Class B shares authorized, 288,227,197 shares and 291,411,568 shares issued and outstanding, as of August 31, 2025 and December 1, 2024, respectively	0.4	0.4
Additional paid-in capital	761.2	732.6
Accumulated other comprehensive loss	(405.3)	(434.5)
Retained earnings	1,806.4	1,672.0
Total stockholders’ equity	2,162.7	1,970.5
Total liabilities and stockholders’ equity	$ 6,656.4	$ 6,375.5

Consolidated Balance Sheets (Parenthetical) - $ / shares	Aug. 31, 2025	Dec. 01, 2024
Common Class A
Common stock, par value (in usd per share)	$ 0.001	$ 0.001
Common stock, shares authorized	1,200,000,000	1,200,000,000
Common stock, shares issued	102,602,359	103,984,741
Common stock, shares outstanding	102,602,359	103,984,741
Common Class B
Common stock, shares authorized	422,000,000	422,000,000
Common stock, shares issued	288,227,197	291,411,568
Common stock, shares outstanding	288,227,197	291,411,568

Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Consolidated Statements of Income - USD ($) $ in Millions	Aug. 31, 2025	Aug. 25, 2024	Aug. 31, 2025	Aug. 25, 2024
Income Statement [Abstract]
Net revenues	$ 1,543.4	$ 1,443.1	$ 4,516.2	$ 4,282.1
Cost of goods sold	591.8	569.2	1,711.2	1,706.0
Gross profit	951.6	873.9	2,805.0	2,576.1
Selling, general and administrative expenses	775.6	726.4	2,313.4	2,233.4
Restructuring charges, net	8.6	3.4	22.1	171.6
Goodwill and other intangible asset impairment charges	0.0	111.4	2.5	116.9
Operating income	167.4	32.7	467.0	54.2
Interest expense	(12.5)	(10.1)	(35.2)	(30.4)
Other income (expense), net	1.3	(0.4)	3.5	(2.3)
Income from continuing operations before income taxes	156.2	22.2	435.3	21.5
Income tax expense (benefit)	34.2	(0.5)	93.5	(8.5)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent, Total	122.0	22.7	341.8	30.0
Net income (loss) from discontinued operations, net of taxes	96.1	(2.0)	78.3	(2.0)
Net income	$ 218.1	$ 20.7	$ 420.1	$ 28.0
Earnings (loss) per common share:
Continuing operations - Basic (usd per share)	$ 0.31	$ 0.06	$ 0.87	$ 0.08
Discontinued operations - Basic (usd per share)	0.24	(0.01)	0.19	(0.01)
Net income - Basic (usd per share)	0.55	0.05	1.06	0.07
Continuing operations - Diluted (usd per share)	0.31	0.06	0.86	0.07
Discontinued operations - Diluted (usd per share)	0.24	(0.01)	0.19	0
Net income - Diluted (usd per share)	$ 0.55	$ 0.05	$ 1.05	$ 0.07
Weighted-average common shares outstanding:
Basic (in shares)	395,659,040	398,187,049	396,578,375	398,642,455
Diluted (in shares)	399,529,649	402,398,064	400,401,333	402,848,679

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 31, 2025	Aug. 25, 2024	Aug. 31, 2025	Aug. 25, 2024
Statement of Comprehensive Income [Abstract]
Net income	$ 218.1	$ 20.7	$ 420.1	$ 28.0
Other comprehensive income (loss), before related income taxes:
Pension and postretirement benefits	1.9	2.3	5.6	6.3
Derivative instruments gains (losses)	(26.6)	(12.7)	(91.4)	5.1
Foreign currency translation gains (losses)	29.0	(34.3)	115.3	(36.1)
Unrealized gains (losses) on marketable securities	0.2	0.0	0.2	0.0
Total other comprehensive income (loss), before related income taxes	4.5	(44.7)	29.7	(24.7)
Income tax benefit (expense) related to items of other comprehensive income	3.3	0.9	(0.5)	(2.9)
Comprehensive income (loss), net of taxes	$ 225.9	$ (23.1)	$ 449.3	$ 0.4

Consolidated Statements of Stockholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Class A & Class B Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Nov. 26, 2023		397.3
Beginning balance at Nov. 26, 2023	$ 2,046.4	$ 0.4	$ 686.7	$ 1,750.2	$ (390.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	28.0			28.0
Other comprehensive income (loss), net of tax	(27.6)				(27.6)
Stock-based compensation and dividends, net (in shares)		2.3
Stock-based compensation and dividends, net	48.0		48.2	(0.2)
Employee stock purchase plan (in shares)		0.3
Employee stock purchase plan	$ 6.2		6.2
Shares repurchased (in shares)	(3.3)	(3.2)
Repurchase of common stock	$ (59.7)			(59.7)
Tax withholdings on equity awards	(21.1)		(21.1)
Cash dividends declared (in usd per share)	(147.1)			(147.1)
Ending Balance ( in shares) at Aug. 25, 2024		396.7
Ending balance at Aug. 25, 2024	1,873.1	$ 0.4	720.0	1,571.2	(418.5)
Beginning balance (in shares) at May. 26, 2024		397.4
Beginning balance at May. 26, 2024	1,953.7	$ 0.4	708.0	1,620.0	(374.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	20.7			20.7
Other comprehensive income (loss), net of tax	(43.8)				(43.8)
Stock-based compensation and dividends, net (in shares)		0.1
Stock-based compensation and dividends, net	12.5		12.7	(0.2)
Employee stock purchase plan (in shares)		0.1
Employee stock purchase plan	$ 2.0		2.0
Shares repurchased (in shares)	(1.0)	(0.9)
Repurchase of common stock	$ (17.8)			(17.8)
Tax withholdings on equity awards	(2.7)		(2.7)
Cash dividends declared (in usd per share)	(51.5)			(51.5)
Ending Balance ( in shares) at Aug. 25, 2024		396.7
Ending balance at Aug. 25, 2024	1,873.1	$ 0.4	720.0	1,571.2	(418.5)
Beginning balance (in shares) at Dec. 01, 2024		395.4
Beginning balance at Dec. 01, 2024	1,970.5	$ 0.4	732.6	1,672.0	(434.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	420.1			420.1
Other comprehensive income (loss), net of tax	29.2				29.2
Stock-based compensation and dividends, net (in shares)		1.7
Stock-based compensation and dividends, net	67.8		67.9	(0.1)
Employee stock purchase plan (in shares)		0.3
Employee stock purchase plan	5.6		5.6
Shares repurchased and retired aggregate cost	(120.9)		(24.0)	(96.9)
Shares repurchased and retired (in shares)		(5.0)
Shares repurchased (in shares)		(1.6)
Repurchase of common stock	(30.5)			(30.5)
Tax withholdings on equity awards	(20.9)		(20.9)
Cash dividends declared (in usd per share)	(158.2)			(158.2)
Ending Balance ( in shares) at Aug. 31, 2025		390.8
Ending balance at Aug. 31, 2025	2,162.7	$ 0.4	761.2	1,806.4	(405.3)
Beginning balance (in shares) at Jun. 01, 2025		395.6
Beginning balance at Jun. 01, 2025	2,090.0	$ 0.4	762.0	1,740.7	(413.1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	218.1			218.1
Other comprehensive income (loss), net of tax	7.8				7.8
Stock-based compensation and dividends, net (in shares)		0.1
Stock-based compensation and dividends, net	23.6		23.7	(0.1)
Employee stock purchase plan (in shares)		0.1
Employee stock purchase plan	1.9		1.9
Shares repurchased and retired aggregate cost	(120.9)		(24.0)	(96.9)
Shares repurchased and retired (in shares)		(5.0)
Tax withholdings on equity awards	(2.4)		(2.4)
Cash dividends declared (in usd per share)	(55.4)			(55.4)
Ending Balance ( in shares) at Aug. 31, 2025		390.8
Ending balance at Aug. 31, 2025	$ 2,162.7	$ 0.4	$ 761.2	$ 1,806.4	$ (405.3)

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended						9 Months Ended
	Aug. 31, 2025	Jun. 01, 2025	Mar. 02, 2025	Aug. 25, 2024	May 26, 2024	Feb. 25, 2024	Aug. 31, 2025	Aug. 25, 2024
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.14	$ 0.13	$ 0.13	$ 0.13	$ 0.12	$ 0.12	$ 0.40	$ 0.37

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Aug. 31, 2025	Aug. 25, 2024
Cash Flows from Operating Activities:
Net income	$ 420.1	$ 28.0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	151.4	138.8
Goodwill and intangible asset impairment	2.5	116.9
Property, plant, and equipment impairment, and early lease terminations, net	15.6	12.1
Gain on sale of business, prior to costs to sell	(155.6)	0.0
Gain on sale of assets	(8.5)	0.0
Stock-based compensation	67.8	48.2
Deferred income taxes	8.2	(68.6)
Other, net	(13.6)	12.6
Net change in operating assets and liabilities	(225.1)	313.1
Net cash provided by operating activities	262.8	601.1
Cash Flows from Investing Activities:
Proceeds from sale of business	194.7	0.0
Purchases of property, plant and equipment	(170.3)	(161.8)
Net proceeds from sales of assets	22.4	0.0
Payment for business acquisition	0.0	(34.4)
Proceeds on settlement of forward foreign exchange contracts not designated for hedge accounting, net	37.1	5.3
Payments to acquire short-term investments	(93.6)	0.0
Other investing activities, net	0.0	(1.3)
Net cash provided by (used for) investing activities	(9.7)	(192.2)
Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt, net of issuance costs	543.8	0.0
Repayments of long-term debt	(550.4)	0.0
Accelerated share repurchase	(120.0)	0.0
Repurchase of common stock	(30.5)	(59.7)
Tax withholdings on equity awards	(20.9)	(21.1)
Dividends to stockholders	(158.2)	(147.1)
Other financing activities, net	(0.9)	(1.2)
Net cash used for financing activities	(337.1)	(229.1)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	6.8	(1.5)
Net increase (decrease) in cash and cash equivalents and restricted cash	(77.2)	178.3
Beginning cash and cash equivalents	690.0	398.8
Ending cash and cash equivalents	612.8	577.1
Noncash Investing Activity:
Property, plant and equipment acquired and not yet paid at end of period	38.9	61.4
Supplemental disclosure of cash flow information:
Cash paid for income taxes during the period, net of refunds	$ 119.0	$ 75.7

Significant Accounting Policies	9 Months Ended
Significant Accounting Policies	Aug. 31, 2025
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Levi Strauss & Co. (the “Company”) is one of the world’s largest brand-name apparel companies. The Company designs, markets and sells – directly or through third parties and licensees – products that include jeans, casual and dress pants, activewear, tops, shorts, skirts, jackets and related accessories for men, women and children around the world under the Levi’s®, Levi Strauss Signature™, Denizen®, Dockers® and Beyond Yoga® brands. In the fourth quarter of 2024 we announced we were undertaking an evaluation of strategic alternatives to the global Dockers® business, including a sale or other strategic transactions. During the second quarter of 2025, the Company entered into a definitive agreement to sell its Dockers® business. The transaction is subject to customary closing conditions and closed on July 31, 2025 for the Dockers® intellectual property and operations in the U.S. and Canada, and is expected to close on or around January 31, 2026 for the remaining Dockers® operations. Dockers® net assets were classified as held for sale in the consolidated balance sheets for all periods presented. Additionally, the Company classified the Dockers® business as discontinued operations in its consolidated statements of income for all periods presented. See Note 2 “Discontinued Operations”. The Dockers® business is a separate operating segment historically presented in our financial statements under the caption of Other Brands. The Company operates its business according to three reportable segments: Americas, Europe, and Asia, collectively comprising the Company's Levi's Brands business, which includes the Levi's®, Levi Strauss Signature™ and Denizen® brands. In the first quarter of 2024 the Company announced the strategic decision to discontinue the Denizen® brand with the wind down of operations substantially complete as of March 2, 2025. The Beyond Yoga® business, which is managed separately, does not meet the quantitative thresholds for reportable segments but is presented separately to increase transparency of performance. Basis of Presentation and Principles of Consolidation The interim consolidated financial statements of the Company and its wholly-owned and majority-owned foreign and domestic subsidiaries, including the notes, have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) applicable to interim period financial statements and do not include all of the information and disclosures required by generally accepted accounting principles in the United States (“U.S. GAAP”) for complete financial statements. In the opinion of management, all adjustments necessary for a fair statement of the financial position and the results of operations for the periods presented have been included. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the year ended December 1, 2024, included in the Company’s 2024 Annual Report on Form 10-K. The unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated. The results of operations for the three and nine months ended August 31, 2025 may not be indicative of the results to be expected for any other interim period or the year ending November 30, 2025. The Company’s fiscal year ends on the Sunday that is closest to November 30 of that year, although the fiscal years of certain foreign subsidiaries end on November 30. Each quarter of both fiscal years 2025 and 2024 consists of 13 weeks, with the exception of the fourth quarter of 2024, which consisted of 14 weeks. All references to years and quarters relate to fiscal years and quarters rather than calendar years and quarters. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and the related notes to the consolidated financial statements. Estimates are based upon historical factors, current circumstances and the experience and judgment of the Company’s management. Management evaluates its estimates and assumptions on an ongoing basis and may employ outside experts to assist in its evaluations. Changes in such estimates, based on more accurate future information, or different assumptions or conditions, may affect amounts reported in future periods. Distribution Center Conversion On June 6, 2024, the Company entered into an agreement to replace certain of the Company’s legacy U.S. distribution centers with a new third party logistics center. The Company maintains certain rights over the warehouse, and warehouse equipment and technologies which resulted in an Operating lease right-of-use asset and lease liability of $30.6 million in “Operating lease right-of-use assets, net” and “Short-term Operating lease liabilities” and “Long-term Operating lease liabilities” balances and a Financing lease right-of-use asset and lease liability of $14.0 million in “Other non-current assets” and “Long-term employee related benefits and other liabilities” balances on the consolidated balance sheets during 2024. In the first quarter of 2025, the Company recorded an additional Financing lease right-of-use asset and lease liability of $61.6 million in “Other non-current assets” and “Long-term employee related benefits and other liabilities” balances on the consolidated balance sheets. Long-Lived Assets The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may be impaired. Impairment losses are measured and recorded for the excess of carrying value over its fair value, estimated based on expected future cash flows and other quantitative and qualitative factors. Property, plant and equipment, net includes accumulated depreciation of $1.3 billion as of both August 31, 2025 and December 1, 2024. Supplier Finance Program The Company offers a supplier financing program which enables the Company’s suppliers, at their sole discretion, to sell their receivables (i.e., the Company’s payment obligations to suppliers) to a financial institution on a non-recourse basis in order to be paid earlier than current payment terms provide. The Company’s obligations to its suppliers, including amounts due and scheduled payment dates, are not impacted by the supplier’s participation in these arrangements. The Company’s payment terms to the financial institutions, including the timing and amount of payments, are based on the original supplier invoices. Our current payment terms with a majority of our suppliers are typically 90 days. The Company has not pledged any assets and does not provide guarantees under the supplier finance program. As such, the outstanding payment obligations under the Company’s supplier finance program are included within Accounts Payable in the Consolidated Balance Sheets. The Company’s outstanding payment obligations under this program were $150.6 million as of August 31, 2025 and $152.2 million as of December 1, 2024. Share Repurchases During the first quarter of 2025, the Company repurchased 1.6 million shares for $30.0 million, plus broker’s commissions, in the open market. On August 1, 2025, the Company entered into an accelerated share repurchase transaction with a third-party financial institution to repurchase an aggregate of $120.0 million of the Company’s Class A common stock as part of its share repurchase program. At inception, the Company made an initial payment of $120.0 million and took delivery of approximately 5.0 million shares of Class A common stock, representing 80% of the dollar amount of the transaction, based on the August 1, 2025 closing share price, over the transaction's term (the "ASR Agreement"). The initial shares received, which had an aggregate cost of $96.0 million based on the August 1, 2025 closing share price, were retired and recorded as a reduction of Retained Earnings, with the remainder of $24.0 million recorded as a reduction of additional paid-in capital. These purchases equate to an average repurchase price of approximately $19.05 per share for the nine months ended August 31, 2025. The total number of shares the Company will ultimately repurchase will be based on the volume-weighted average price per share of the Company's Class A common stock over the term of the ASR Agreement, less an agreed upon discount, and subject to customary adjustments pursuant to the terms and conditions of the ASR Agreement. Final settlement of the transactions under the ASR Agreement is expected to occur no later than the first quarter of 2026. During the three and nine months ended August 25, 2024, the Company repurchased 1.0 million and 3.3 million shares for $17.8 million and $59.7 million, plus broker's commissions, respectively, in the open market. This equates to an average repurchase price of approximately $18.35 per share for the nine months ended August 25, 2024. The Company accounts for share repurchases by charging the excess of the repurchase price over the repurchased Class A common stock’s par value entirely to retained earnings. All repurchased shares are retired and become authorized but unissued shares. The Company accrues for the shares purchased under the share repurchase plan based on the trade date. The Company may terminate or limit the share repurchase program at any time. Assets Held for Sale and Discontinued Operations Assets and liabilities of a business that meet the accounting requirements to be classified as held for sale are separated in a disposal group. Disposal group net assets are recorded at the lower of their carrying amount or estimated fair value less expected costs to sell. After being classified as held for sale, assets are not depreciated or amortized. Assets and liabilities of a disposal group that meet the accounting requirements to be classified as discontinued operations are presented separately for all current and prior periods in the consolidated balance sheets. The results of discontinued operations are reported in income (loss) from discontinued operations, net of taxes in the consolidated statements of income for the current and prior periods beginning in the period in which the business meets the held for sale criteria. Income (loss) from discontinued operations includes direct costs attributable to the business held for sale, and an estimate of costs from corporate functions dedicated to the business, but excludes corporate expenses composed of selling, general and administrative expenses not attributable to any of the operating segments. See Note 2 “Discontinued Operations”. Unless otherwise indicated, the information in the notes to the consolidated financial statements refers only to the Company’s continuing operations. Reclassification Certain amounts on the consolidated balance sheets, consolidated statements of income and statements of cash flows have been conformed to the August 31, 2025 presentation. Recently Issued Accounting Standards There have been no developments to recently issued accounting standards, including the expected dates of adoption and estimated effects on the Company’s consolidated financial statements and footnote disclosures, from those disclosed in the 2024 Annual Report on Form 10-K. The Company will adopt ASU 2023-07, Improvements to Reportable Segment Disclosures, on a retrospective basis in the Annual Report on Form 10-K for the fiscal year ending November 30, 2025. This new guidance is designed to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses.

Discontinued Operations

9 Months Ended

Aug. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

In the fourth quarter of 2024 the Company announced it had initiated a formal review of strategic alternatives to the global Dockers® brand, which could include a sale or other strategic transactions. During the first quarter of 2025, the Company commenced a sale process of its Dockers® business and 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 for an initial transaction value of $311 million, subject to customary adjustments and closing conditions, with the potential to reach up to $391 million through an $80 million earnout opportunity in future years based on the performance of the Dockers® business. On July 31, 2025 the Company sold the Dockers® intellectual property and operations in the U.S. and Canada for gross proceeds of $194.7 million, resulting in a gain on sale of $139.0 million, net of direct costs to sell. The sale of the remaining Dockers® operations is expected to close on or around January 31, 2026.

Under the terms of a transition services agreement, the Company will provide certain post-closing accounting, tax, digital technology and supply chain services for Dockers® operations in the U.S. and Canada for a transitional period generally ending on January 31, 2026. Fees earned under the transition services agreement are included in “Selling, general and administrative expenses” in the consolidated statements of income.

The following table reconciles the gross proceeds with the gain on sale of Dockers® intellectual property and operations in the U.S. and Canada included in “Net income (loss) from discontinued operations, net of taxes”.


	Three Months Ended
	August 31, 2025


Gross proceeds	$	194.7
Less direct costs to sell	16.6
Less carrying amount of Dockers® intellectual property and operations in the U.S. and Canada	39.1
Gain on sale of Dockers® intellectual property and operations in the U.S. and Canada	$	139.0

Dockers® net assets were classified as held for sale in the consolidated balance sheets for all periods presented. The Dockers® net assets were classified as current and non-current. Additionally, the Company classified the Dockers® business as discontinued operations in its consolidated statements of income for all periods presented.

The following table presents the assets and liabilities held for sale:


	August 31, 2025		December 1, 2024

	(Dollars in millions)
Current Assets:
Inventories	$	57.7	$	108.1
Total current assets held for sale	57.7		108.1
Property, plant and equipment, net	6.8		11.3
Operating lease right-of-use assets, net	12.3		23.6
Total non-current assets held for sale	19.1		34.9
Total assets held for sale	$	76.8	$	143.0

Current Liabilities:
Short-term operating lease liabilities	$	4.5	$	5.9
Total current liabilities held for sale	4.5		5.9
Long-term operating lease liabilities	6.1		17.5
Total long-term liabilities held for sale	6.1		17.5
Total liabilities held for sale	$	10.6	$	23.4

The following table presents the results of discontinued operations:


	Three Months Ended				Nine Months Ended
	August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions)
Net revenues	$	55.3	$	73.7	$	194.5	$	233.5
Cost of goods sold	27.3		36.9		95.6		120.7
Gross profit	28.0		36.8		98.9		112.8
Selling, general and administrative expenses	30.4		39.2		116.0		112.1
Restructuring charges, net(1)	8.6		—		16.9		3.1
Income (loss) from discontinued operations before income taxes and gain on sale	(11.0)		(2.4)		(34.0)		(2.4)
Gain on sale of Dockers® intellectual property and operations in the U.S. and Canada before income taxes	139.0		—		139.0		—
Total income (loss) from discontinued operations before income taxes	128.0		(2.4)		105.0		(2.4)
Income tax expense (benefit)	31.9		(0.4)		26.7		(0.4)
Net income (loss) from discontinued operations, net of taxes	$	96.1	$	(2.0)	$	78.3	$	(2.0)

____________

(1)Restructuring charges, net amounts previously attributable to corporate expenses were reported as discontinued operations for the nine months ended August 25, 2024.

Cash flows related to discontinued operations are included in the consolidated statements of cash flows. The gain on sale of Dockers® intellectual property and operations in the U.S. and Canada of $155.6 million, prior to costs to sell, was an adjustment to reconcile net income to net cash provided by operating activities and the proceeds from sale of $194.7 million were included in cash flows from investing activities. There were no other significant operating noncash items or investing activities cash flows from discontinued operations during the three and nine months ended August 31, 2025 and August 25, 2024.

Goodwill and Other Intangible Assets

9 Months Ended

Aug. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

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

_____________

(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

_____________

(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.

During the third quarter of 2025, as part of the Company’s annual review of the Beyond Yoga® reporting unit, the Company elected to perform a single step quantitative impairment test on the goodwill and indefinite lived trademark intangible assigned to the Beyond Yoga® reporting unit. The Company engaged third-party valuation specialists and used industry accepted valuation models and criteria that were reviewed and approved by various levels of management. The Company assessed the fair value of the Beyond Yoga® reporting unit using the discounted cash flow method under the income approach, utilizing estimated cash flows and a terminal value, discounted at a rate of return that reflects the relative risk of the cash flows. The trademark fair value was determined using the relief-from-royalty method to utilize the discounted projected future cash flows. Although the fair values of the Beyond Yoga® reporting unit and the indefinite lived trademark intangible exceeded their carrying values, the fair values of the Beyond Yoga® reporting unit and the indefinite lived trademark intangible were less than 10% over their carrying values.

The significant assumptions used in the assessment of the fair value of the reporting unit included revenue growth rates, profit margins, operating expenses, capital expenditures, terminal value and a discount rate. The significant assumptions used in the assessment of the fair value of the trademark intangible asset included revenue growth rates, a discount rate and a royalty rate. As our long-term strategies change, planned business performance expectations are not met over time, or specific valuation factors outside of our control, such as discount rates, change significantly, then the estimated fair values of the Beyond Yoga® reporting unit, the Beyond Yoga® indefinite-lived trademark intangible asset, or both might decline and lead to impairment charges in the future. Several factors could impact the Beyond Yoga® brand's ability to achieve expected future cash flows, including the success of retail store and international expansion, store and e-commerce productivity, the impact of promotional activity, continued economic volatility and potential operational challenges related to macroeconomic factors and other strategic initiatives to drive increased profitability.

During the third quarter of 2024, as part of the Company’s annual review of the Beyond Yoga® reporting unit, the Company elected to perform a single step quantitative impairment test on the goodwill and indefinite lived trademark intangible assigned to the Beyond Yoga® reporting unit and performed impairment tests on the related customer relationship intangible assets. The Company engaged third-party valuation specialists and used industry accepted valuation models and criteria that were reviewed and approved by various levels of management. The Company assessed the fair value of the Beyond Yoga® reporting unit as of the test date, May 27, 2024, using the discounted cash flow method under the income approach, utilizing estimated cash flows and a terminal value, discounted at a rate of return that reflects the relative risk of the cash flows. As a result of this assessment, we concluded that the carrying value of the Beyond Yoga® reporting unit exceeded the estimated fair value by $36.3 million, which was recorded as a noncash impairment charge to goodwill.

Prior to the assessment of the reporting unit, we concluded that the carrying values of the trademark and customer relationship intangible assets exceeded their estimated fair values. The trademark fair value was determined using the relief-from-royalty method to utilize the discounted projected future cash flows. Based on this assessment, we recorded a $66.0 million noncash impairment charge related to the Beyond Yoga® trademark. The customer relationship intangible assets fair values were determined using the multi-period excess earnings and distributor methods under the income approach. Based on these assessments, we recorded a $9.1 million noncash impairment charge related to the customer relationship intangible assets.

The significant assumptions used in the assessment of the fair value of the reporting unit included revenue growth rates, profit margins, operating expenses, capital expenditures, terminal value and a discount rate. The significant assumptions used in the assessment of the fair value of the trademark intangible asset included revenue growth rates, a discount rate and a royalty rate. The significant assumptions used in the assessment of the customer relationship intangible assets included revenues from existing customers and discount rates.

Total impairment charges for the nine months ended August 25, 2024 were $111.4 million and were recorded within “Goodwill and other intangible asset impairment charges” on the accompanying consolidated statements of income. During 2024, the Company appointed new Beyond Yoga® executive management and implemented a new strategic plan for growth and expansion, resulting in an adverse impact on expected cash flows.

During the first quarter of 2024, the Company recognized $5.5 million in goodwill impairment charges related to the footwear business in its Europe segment as a result of the decision to discontinue the category in connection with Project Fuel.

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.

Fair Value of Financial Instruments

9 Months Ended

Aug. 31, 2025

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

The following table presents the Company’s financial instruments that are carried at fair value:


	August 31, 2025						December 1, 2024
			Fair Value Estimated Using						Fair Value Estimated Using
	Fair Value		Level 1 Inputs(1)		Level 2 Inputs(2)		Fair Value		Level 1 Inputs(1)		Level 2 Inputs(2)

	(Dollars in millions)
Financial assets carried at fair value
Rabbi trust assets	$	103.4	$	103.4	$	—	$	95.4	$	95.4	$	—
Short-term investments in marketable securities	94.7				94.7		—		—		—
Derivative instruments(3)	5.9		—		5.9		17.6		—		17.6
Total	$	204.0	$	103.4	$	100.6	$	113.0	$	95.4	$	17.6
Financial liabilities carried at fair value
Derivative instruments(3)	$	25.6	$	—	$	25.6	$	9.5	$	—	$	9.5

_____________

(1)Fair values estimated using Level 1 inputs are inputs which consist of quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Rabbi trust assets consist of marketable equity securities.

(2)Fair values estimated using Level 2 inputs are inputs, other than quoted prices, that are observable for the asset or liability, either directly or indirectly, and include among other things, quoted prices for similar assets or liabilities in markets that are active or inactive as well as inputs other than quoted prices that are observable. Short-term investments in marketable securities consist of fixed income securities. For forward foreign exchange contracts, inputs include foreign currency exchange and interest rates and, where applicable, credit default swap prices.

(3)The Company’s cash flow hedges are subject to International Swaps and Derivatives Association, Inc. master agreements. These agreements permit the net settlement of these contracts on a per-institution basis. Refer to Note 5 for more information.

The following table presents the carrying value, including related accrued interest, and estimated fair value of the Company’s financial instruments that are carried at adjusted historical cost:


	August 31, 2025				December 1, 2024
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value

	(Dollars in millions)
Financial liabilities carried at adjusted historical cost
4.000% senior notes due 2030(1)	$	549.1	$	560.0	$	—	$	—
3.375% senior notes due 2027(1)	—		—		502.5		498.1
3.50% senior notes due 2031(1)	504.5		466.1		499.6		440.8
Short-term borrowings	5.7		5.7		5.5		5.5
Total	$	1,059.3	$	1,031.8	$	1,007.6	$	944.4

_____________

(1)Fair values are estimated using Level 2 inputs and incorporate mid-market price quotes. Level 2 inputs are inputs other than quoted prices, that are observable for the liability, either directly or indirectly and include among other things, quoted prices for similar liabilities in markets that are active or inactive as well as inputs other than quoted prices that are observable.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
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-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Derivative Instruments and Hedging Activities

9 Months Ended

Aug. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

As of August 31, 2025, the Company had forward foreign exchange contracts derivatives to buy $578.1 million and to sell $491.0 million in various foreign currencies. These contracts are at various exchange rates and expire at various dates through February 2027.

The table below provides data about the carrying values of derivative and non-derivative instruments:


	August 31, 2025						December 1, 2024
	Assets		(Liabilities)		Derivative Net Carrying Value		Assets		(Liabilities)		Derivative Net Carrying Value
	Carrying Value		Carrying Value				Carrying Value		Carrying Value

	(Dollars in millions)
Derivatives designated as hedging instruments
Foreign exchange risk cash flow hedges(1)	$	3.3	$	—	$	3.3	$	15.6	$	—	$	15.6
Foreign exchange risk cash flow hedges(2)	—		(22.8)		(22.8)		—		(4.7)		(4.7)
Total	$	3.3	$	(22.8)			$	15.6	$	(4.7)
Derivatives not designated as hedging instruments
Forward foreign exchange contracts(1)	$	5.9	$	(3.3)	$	2.6	$	17.6	$	(15.6)	$	2.0
Forward foreign exchange contracts(2)	22.8		(25.6)		(2.8)		4.7		(9.5)		(4.8)
Total	$	28.7	$	(28.9)			$	22.3	$	(25.1)
Non-derivatives designated as hedging instruments
4.000% Euro senior notes due 2030	$	—	$	(554.8)			$	—	$	—
3.375% Euro senior notes due 2027	—		—				—		(500.9)

_____________

(1)Included in “Other current assets” or “Other non-current assets” on the Company’s consolidated balance sheets.

(2)Included in “Other accrued liabilities” or “Long-term employee related benefits and other liabilities” on the Company’s consolidated balance sheets.

The Company’s over-the-counter forward foreign exchange contracts are subject to International Swaps and Derivatives Association, Inc. master agreements. These agreements permit the net settlement of these contracts on a per-institution basis; however, the Company records the fair value on a gross basis on its consolidated balance sheets based on maturity dates, including those subject to master netting arrangements.

The table below presents the gross and net amounts of these contracts recognized on the Company’s consolidated balance sheets by type of financial instrument:


	August 31, 2025							December 1, 2024
	Gross Amounts of Assets / (Liabilities) Presented in the Balance Sheet		Gross Amounts Not Offset in the Balance Sheet		Net Amounts of Assets / (Liabilities)		Gross Amounts of Assets / (Liabilities) Presented in the Balance Sheet	Gross Amounts Not Offset in the Balance Sheet		Net Amounts of Assets / (Liabilities)


	(Dollars in millions)
Foreign exchange risk contracts and forward foreign exchange contracts
Financial assets	$	32.0	$	(7.4)	$	24.6		$	37.9	$	(11.0)	$	26.9
Financial liabilities	(51.7)		7.4		(44.3)			(29.9)		11.0		(18.9)
Total					$	(19.7)						$	8.0

The table below provides data about the amount of gains and losses related to derivative instruments and non-derivative instruments designated as cash flow and net investment hedges included in “Accumulated other comprehensive loss” (“AOCL”) on the Company’s consolidated balance sheets, and in “Other income (expense), net” in the Company’s consolidated statements of income:


	Amount of (Loss) Gain Recognized in AOCL (Effective Portion)				Amount of (Loss) Gain Reclassified from AOCL into Net Income(1)
	As of August 31, 2025		As of December 1, 2024		Three Months Ended				Nine Months Ended
					August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions)
Foreign exchange risk contracts	$	(27.2)	$	10.2	$	5.1	$	(0.2)	$	6.1	$	(18.2)
Realized forward foreign exchange swaps(2)	4.6		4.6		—		—		—		—
Yen-denominated Eurobonds	(19.8)		(19.8)		—		—		—		—
Euro-denominated senior notes	(67.8)		(13.8)		—		—		—		—
Cumulative income taxes	30.0		9.8		—		—		—		—
Total	$	(80.2)	$	(9.0)

_____________

(1)Amounts reclassified from AOCL were classified as net revenues or costs of goods sold on the consolidated statements of income.

(2)Prior to 2006, the Company used foreign exchange currency swaps to hedge the net investment in its foreign operations. For hedges that qualified for hedge accounting, the net gains were included in AOCL and are not reclassified to earnings until the related net investment position has been liquidated.

There was no hedge ineffectiveness for the nine months ended August 31, 2025. Within the next 12 months, a $26.5 million loss from cash flow hedges is expected to be reclassified from AOCL into net income.

The table below presents the effects of the Company’s cash flow hedges of foreign exchange risk contracts on the consolidated statements of income:


	Three Months Ended				Nine Months Ended
	August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions)
Amount of (Loss) Gain on Cash Flow Hedge Activity:
Net revenues	$	0.3	$	(1.2)	$	(2.3)	$	(4.0)
Cost of goods sold	$	4.8	$	1.0	$	8.4	$	(14.2)

The table below provides data about the amount of gains and losses related to derivative instruments included in “Other income (expense), net” in the Company’s consolidated statements of income:


	Three Months Ended				Nine Months Ended
	August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions)
Forward foreign exchange contracts:
Realized (loss) gain(1)	$	10.6	$	(1.0)	$	39.8	$	8.3
Unrealized (loss) gain	0.4		(0.1)		1.2		(6.5)
Total	$	11.0	$	(1.1)	$	41.0	$	1.8

_____________

(1)The realized gain (loss) is included in “Other, net” under cash flows from operating activities on the Company’s consolidated statements of cash flows.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

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Reference 13: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Other Accrued Liabilities

9 Months Ended

Aug. 31, 2025

Other Liabilities Disclosure [Abstract]

OTHER ACCRUED LIABILITIES

The following table presents the Company’s other accrued liabilities:


	August 31, 2025		December 1, 2024

	(Dollars in millions)
Other accrued liabilities
Accrued non-trade payables	$	161.3	$	188.9
Accrued advertising and promotion	67.5		64.1
Taxes other than income taxes payable	67.0		69.0
Restructuring liabilities	64.7		69.8
Accrued income taxes	41.9		40.3
Accrued property, plant and equipment	38.9		65.4
Fair value derivatives	25.5		9.5
Accrued rent	14.3		9.2
Accrued interest payable	11.1		8.3
Short-term debt	5.7		5.5
Other	161.6		142.1
Total other accrued liabilities	$	659.5	$	672.1

Debt

9 Months Ended

Aug. 31, 2025

Debt Disclosure [Abstract]

DEBT

The following table presents the Company’s debt:


	August 31, 2025		December 1, 2024

	(Dollars in millions)
Long-term debt
3.375% senior notes due 2027	$	—	$	498.8
4.000% senior notes due 2030	547.1		—
3.50% senior notes due 2031	495.7		495.2
Total long-term debt	$	1,042.8	$	994.0
Short-term debt
Short-term borrowings	5.7		5.5
Total debt	$	1,048.5	$	999.5

Senior Revolving Credit Facility

As of August 31, 2025, the Company had no borrowings under the Credit Facility. The Company’s unused availability under the Credit Facility was $743.1 million at August 31, 2025, as the total availability of $762.1 million was reduced by $19.0 million of letters of credit and other credit usage allocated under the Credit Facility.

Interest Rates on Borrowings

The Company’s weighted-average interest rate on average borrowings outstanding during the three and nine months ended August 31, 2025 was 4.43% and 4.32%, respectively, as compared to 3.97% and 3.98%, respectively, during the same periods of 2024.

Issuance of Senior Notes due 2030 and Redemption of Senior Notes due 2027

In July 2025, the Company issued €475.0 million in aggregate principal amount of 4.000% senior notes due 2030 (the “Senior Notes due 2030”) to qualified institutional buyers and to purchasers outside the U.S. The Company used the net proceeds of the Notes, together with cash on hand, to redeem all €475.0 million in aggregate principal amount of its outstanding 3.375% Senior Notes due 2027.

Principal, interest and maturity. The Senior Notes due 2030 will mature on August 15, 2030. Interest on the Senior Notes due 2030 is payable semi-annually in arrears on February 15 and August 15.

Ranking. The Senior Notes due 2030 are not guaranteed by any of the Company's subsidiaries and are unsecured obligations. Accordingly, they:

•rank equal in right of payment with all of the Company's other existing and future unsecured and unsubordinated debt;

•rank senior in right of payment to the Company's future debt and other obligations that are, by their terms, expressly subordinated in right of payment to the Senior Notes due 2030;

•are effectively subordinated in right of payment to all of the Company's existing and future senior secured debt and other obligations (including the Credit Facility) to the extent of the value of the collateral securing such debt; and

•are structurally subordinated to all obligations of each of the Company's subsidiaries.

Optional redemption. The Company may redeem some or all of the Senior Notes due 2030, at once or over time, at redemption prices specified in the indenture governing the Senior Notes due 2030 (the “2030 indenture”), plus accrued and unpaid interest, if any, to the date of redemption.

Mandatory redemption, offer to purchase and open market purchases. The Company is not required to make any sinking fund payments with respect to the Senior Notes due 2030. However, under certain circumstances as described under “Change of control” below, the Company may be required to offer to purchase the Senior Notes due 2030. The Company may from time to time purchase the Senior Notes due 2030 in the open market or otherwise.

Covenants. The 2030 indenture contains covenants that limit, among other things, the Company’s ability to incur liens, enter into sale and leaseback transactions and merge or consolidate with another person. The 2030 indenture also limits the ability of the Company’s subsidiaries to incur additional debt, incur liens and enter into sale and leaseback transactions. The 2030 indenture provides for customary events of default (subject in certain cases to customary grace and cure periods), which include nonpayment, breach of covenants, payment defaults or acceleration of certain other indebtedness, a failure to pay certain judgments and certain events of bankruptcy and insolvency. Generally, if an event of default occurs, the trustee under the 2030 indenture or the holders of at least 25% in aggregate principal amount of the then outstanding Senior Notes due 2030 may declare all the Senior Notes due 2030 to be due and payable immediately. As of August 31, 2025, the Company was in compliance with these covenants.

Change of control. Upon the occurrence of a change of control triggering event (as defined in the 2030 indenture), each holder of the Senior Notes due 2030 may require the Company to repurchase all or a portion of the Senior Notes due 2030 in cash at a price equal to 101% of the principal amount of the Senior Notes due 2030 to be repurchased, plus accrued and unpaid interest, if any, to the date of purchase.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/470/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Restructuring Activities

9 Months Ended

Aug. 31, 2025

Restructuring and Related Activities [Abstract]

RESTRUCTURING ACTIVITIES

In the first quarter of 2024, the Company’s Board of Directors (the "Board") approved a multi-year global productivity initiative, “Project Fuel”, designed to accelerate the execution of our Brand Led and DTC First strategies while fueling long-term profitable growth. The first phase of the global productivity initiative was completed primarily in the first half of 2024. The two-year initiative is expected to continue through the end of 2025. As this initiative progresses, the Company may incur additional restructuring charges, which could be significant to a future fiscal quarter or year.

For the three and nine months ended August 31, 2025, the Company recognized restructuring charges of $8.6 million and $22.1 million, respectively, in connection with Project Fuel, consisting primarily of severance and other post-employment benefits, based on separation benefits provided by Company policy or statutory benefit plans as well as contract termination costs and asset impairments partially offset by a gain on the sale of a previously closed distribution center. These charges were recorded in “Restructuring charges, net” in the consolidated statements of income. As of August 31, 2025, the restructuring liability was $81.7 million, with $64.7 million and $17.0 million classified as “Other accrued liabilities” and “Long-term employee related benefits and other liabilities”, respectively, within the Company’s consolidated balance sheet.

The Company also recognized $4.3 million and $11.8 million of restructuring related charges during the three and nine months ended August 31, 2025, respectively, primarily consisting of consulting costs, distribution center transition costs, and employee one-time incentives, which were recorded in “Selling, general and administrative expenses” in the consolidated statements of income.

For the three and nine months ended August 25, 2024, the Company recognized restructuring charges of $3.4 million and $171.6 million, respectively, consisting primarily of severance and other post-employment benefits, based on separation benefits provided by Company policy or statutory benefit plans. These charges were recorded in “Restructuring charges, net” in the consolidated statements of income.

The Company also recognized $19.0 million and $34.3 million of restructuring related charges during the three and nine months ended August 25, 2024, respectively, consisting primarily of consulting fees which were recorded in “Selling general and administrative expenses” in the consolidated statements of income. Additionally, the Company recognized an impairment charge of $11.1 million in the third quarter of 2024 related to capitalized internal-use software as a result of the decision to discontinue certain technology projects in connection with Project Fuel which was recorded in “Selling, general and administrative expenses” in the consolidated statements of income.

The following tables summarize the activities associated with restructuring liabilities for the periods presented. "Net Charges (Reversals)" represents the initial charge related to the restructuring activity as well as revisions of estimates related to severance and employee-related benefits and other, "Payments" consists of cash payments for severance and employee-related benefits and other, and "Foreign Currency Fluctuations" includes foreign currency fluctuations.


	Three Months Ended August 31, 2025
	Liabilities		Net Charges (Reversals)(1)			Payments		Foreign Currency Fluctuations		Liabilities
	June 1, 2025				August 31, 2025

	(Dollars in millions)
Severance and employee-related benefits	$	58.6	$	13.5		$	(10.7)	$	1.5	$	62.9
Contract termination costs and other	28.1		(0.1)			(9.5)		0.3		18.8
Total	$	86.7	$	13.4		$	(20.2)	$	1.8	$	81.7

_____________

(1)Excludes $4.0 million in stock compensation related charges recorded in Additional paid-in capital. Includes $8.6 million of Dockers® restructuring costs reported as discontinued operations


	Nine Months Ended August 31, 2025
	Liabilities		Net Charges (Reversals)(1)			Payments		Foreign Currency Fluctuations		Liabilities
	December 1, 2024				August 31, 2025

	(Dollars in millions)
Severance and employee-related benefits	$	83.7	$	25.1		$	(49.7)	$	3.8	$	62.9
Contract termination costs and other	20.7		3.6			(10.1)		4.6		18.8
Total	$	104.4	$	28.7		$	(59.8)	$	8.4	$	81.7

_____________

(1)Excludes $5.3 million in stock compensation related charges recorded in Additional paid-in capital, $9.2 million of asset impairment charges in connection with the closures of distribution centers, partially offset by a $9.3 million gain on the sale of a previously closed distribution center. Includes $11.8 million of Dockers® restructuring costs reported as discontinued operations.


	Three Months Ended August 25, 2024
	Liabilities		Net Charges (Reversals)			Payments		Foreign Currency Fluctuations		Liabilities
	May 26, 2024				August 25, 2024

	(Dollars in millions)
Severance and employee-related benefits	$	133.6	$	2.5		$	(35.2)	$	1.3	$	102.2
Contract termination costs and other	20.4		0.9			(0.3)		1.5		22.5
Total	$	154.0	$	3.4		$	(35.5)	$	2.8	$	124.7


	Nine Months Ended August 25, 2024
	Liabilities		Net Charges (Reversals)(1)			Payments		Foreign Currency Fluctuations		Liabilities
	November 26, 2023				August 25, 2024

	(Dollars in millions)
Severance and employee-related benefits	$	17.8	$	148.5		$	(66.2)	$	2.1	$	102.2
Contract termination costs and other	0.2		23.4			(2.5)		1.4		22.5
Total	$	18.0	$	171.9		$	(68.7)	$	3.5	$	124.7

_____________

(1)Excludes $2.0 million in stock compensation related charges recorded in Additional paid-in capital and $0.8 million in operating lease termination. Includes $3.1 million of Dockers® restructuring costs reported as discontinued operations.

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Aug. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Forward Foreign Exchange Contracts The Company uses over-the-counter derivative instruments to manage its exposure to foreign currencies. The Company is exposed to credit loss in the event of nonperformance by the counterparties to the forward foreign exchange contracts. However, the Company believes that its exposures are appropriately diversified across counterparties and that these counterparties are creditworthy financial institutions. See Note 5 for additional information. Other Contingencies Litigation. In the ordinary course of business, the Company has various claims, complaints and pending cases, including contractual matters, facility and employee-related matters, distribution matters, product liability matters, intellectual property matters, bankruptcy preference matters, and tax and administrative matters. The Company establishes loss provisions for these ordinary course claims as well as other matters in which losses are probable and can be reasonably estimated. The Company does not believe any of these pending claims, complaints and legal proceedings will have a material impact on its financial condition, results of operations or cash flows. Customs Duty Audits. The Company imports both raw materials and finished garments into all of its geographic regions and, as such, is subject to numerous countries’ complex customs laws and regulations with respect to its import and export activity. The Company has various pending audit assessments in connection with these activities. As of August 31, 2025, the Company has recorded certain reserves for these matters which are not material. The Company does not believe any of the claims for customs duty and related charges will have a material impact on its financial condition, results of operations or cash flows.

Dividends	9 Months Ended
Dividends	Aug. 31, 2025
Dividends [Abstract]
DIVIDENDS	DIVIDENDS Dividends are declared at the discretion of the Board. In January, April, and July 2025, the Company declared cash dividends of $0.13, $0.13, and $0.14 per share, respectively, to holders of record of its Class A and Class B common stock. In January, April, and July 2024, the Company declared cash dividends of $0.12, $0.12, and $0.13 per share, respectively, to holders of record of its Class A and Class B common stock. During the three and nine months ended August 31, 2025, dividends were paid in the amount of $55.4 million and $158.2 million respectively, compared to $51.5 million and $147.1 million, respectively, for the same prior-year period. The Company does not have an established dividend policy. The Board reviews the Company’s ability to pay dividends on an ongoing basis and establishes the dividend amount based on the Company’s financial condition, results of operations, capital requirements, current and projected cash flows and other factors, and any restrictions related to the terms of the Company’s debt agreements. Subsequent to the Company’s quarter end, the Board declared a cash dividend of $0.14 per share to holders of record of its Class A and Class B common stock at the close of business on October 20, 2025, for a total quarterly dividend of approximately $55 million.

Accumulated Other Comprehensive Loss

9 Months Ended

Aug. 31, 2025

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following is a summary of the components of "Accumulated other comprehensive loss," net of related income taxes:


	Three Months Ended August 31, 2025
	Pension and Postretirement Benefits(1)		Translation Adjustments				Unrealized (Loss) Gain on Marketable Securities
			Derivative Instruments(2)		Foreign Currency Translation				Total

	(Dollars in millions)
Accumulated other comprehensive loss at June 1, 2025	$	(138.4)	$	(59.7)	$	(215.0)	$	—	$	(413.1)
Other comprehensive (loss) income before reclassifications	(0.5)		(15.4)		26.5		0.2		10.8
Amounts reclassified from accumulated other comprehensive loss	2.1		(5.1)		—		—		(3.0)
Net increase (decrease) in other comprehensive (loss) income	1.6		(20.5)		26.5		0.2		7.8
Accumulated other comprehensive (loss) income at August 31, 2025	$	(136.8)	$	(80.2)	$	(188.5)	$	0.2	$	(405.3)


	Nine Months Ended August 31, 2025
	Pension and Postretirement Benefits(1)		Translation Adjustments				Unrealized (Loss) Gain on Marketable Securities
			Derivative Instruments(2)		Foreign Currency Translation				Total

	(Dollars in millions)
Accumulated other comprehensive loss at December 1, 2024	$	(141.2)	$	(9.0)	$	(284.3)	$	—	$	(434.5)
Other comprehensive (loss) income before reclassifications	(1.2)		(65.1)		95.8		0.2		$	29.7
Amounts reclassified from accumulated other comprehensive loss	5.6		(6.1)		—		—		$	(0.5)
Net increase (decrease) in other comprehensive (loss) income	4.4		(71.2)		95.8		0.2		29.2
Accumulated other comprehensive (loss) income at August 31, 2025	$	(136.8)	$	(80.2)	$	(188.5)	$	0.2	$	(405.3)

___________

(1)Amounts reclassified were recorded in “Other income (expense), net”.

(2)Amounts reclassified were recorded within “Net revenues” and “Cost of goods sold”. For more information, refer to Note 5.


	Three Months Ended August 25, 2024
	Pension and Postretirement Benefits(1)		Translation Adjustments
			Derivative Instruments(2)		Foreign Currency Translation		Total

	(Dollars in millions)
Accumulated other comprehensive loss at May 26, 2024	$	(150.2)	$	(27.2)	$	(197.3)	$	(374.7)
Other comprehensive (loss) income before reclassifications	(0.4)		(11.0)		(34.9)		(46.3)
Amounts reclassified from accumulated other comprehensive loss	2.3		0.2		—		2.5
Net increase (decrease) in other comprehensive income (loss)	1.9		(10.8)		(34.9)		(43.8)
Accumulated other comprehensive loss at August 25, 2024	$	(148.3)	$	(38.0)	$	(232.2)	$	(418.5)


	Nine Months Ended August 25, 2024
	Pension and Postretirement Benefits(1)		Translation Adjustments
			Derivative Instruments(2)		Foreign Currency Translation		Total

	(Dollars in millions)
Accumulated other comprehensive loss at November 26, 2023	$	(153.2)	$	(42.0)	$	(195.7)	$	(390.9)
Other comprehensive (loss) income before reclassifications	(1.8)		(14.2)		(36.5)		(52.5)
Amounts reclassified from accumulated other comprehensive loss	6.7		18.2		—		24.9
Net increase (decrease) in other comprehensive (loss) income	4.9		4.0		(36.5)		(27.6)
Accumulated other comprehensive loss at August 25, 2024	$	(148.3)	$	(38.0)	$	(232.2)	$	(418.5)

_____________

(1)Amounts reclassified were recorded in “Other income (expense), net”.

(2)Amounts reclassified were recorded within “Net revenues” and “Cost of goods sold”. For more information, refer to Note 5.

Net Revenues

9 Months Ended

Aug. 31, 2025

Revenue from Contract with Customer [Abstract]

Net Revenues

NET REVENUES

Disaggregated Revenue

The table below provides the Company’s revenues disaggregated by segment and channel.


	Three Months Ended August 31, 2025
	Levi’s Brands
	Americas		Europe		Asia		Beyond Yoga®		Total

	(Dollars in millions)
Net revenues by channel:
Wholesale	$	472.7	$	213.3	$	134.7	$	11.5	$	832.2
Direct-to-consumer	333.7		213.0		143.0		21.5		711.2
Total net revenues	$	806.4	$	426.3	$	277.7	$	33.0	$	1,543.4


	Nine Months Ended August 31, 2025
	Levi’s Brands
	Americas		Europe		Asia		Beyond Yoga®		Total

	(Dollars in thousands)
Net revenues by channel:
Wholesale	$	1,338.3	$	561.9	$	365.2	$	36.0	$	2,301.4
Direct-to-consumer	999.5		668.0		478.3		69.0		2,214.8
Total net revenues	$	2,337.8	$	1,229.9	$	843.5	$	105.0	$	4,516.2


	Three Months Ended August 25, 2024
	Levi’s Brands
	Americas		Europe		Asia		Beyond Yoga®		Total

	(Dollars in millions)
Net revenues by channel:
Wholesale	$	450.4	$	215.2	$	123.8	$	14.7	$	804.1
Direct-to-consumer	306.8		191.4		123.3		17.5		639.0
Total net revenues	$	757.2	$	406.6	$	247.1	$	32.2	$	1,443.1


	Nine Months Ended August 25, 2024
	Levi’s Brands
	Americas		Europe		Asia		Beyond Yoga®		Total

	(Dollars in thousands)
Net revenues by channel:
Wholesale	$	1,289.9	$	574.8	$	368.3	$	40.3	$	2,273.3
Direct-to-consumer	915.3		609.0		427.6		56.9		2,008.8
Total net revenues	$	2,205.2	$	1,183.8	$	795.9	$	97.2	$	4,282.1

The Company did not have any material contract assets or contract liabilities recorded in the consolidated balance sheets as of August 31, 2025 and December 1, 2024

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Income Taxes	9 Months Ended
Income Taxes	Aug. 31, 2025
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s effective income tax rate was 21.9% for the three months ended August 31, 2025, compared to (1.9)% for the same prior-year period. The increase in the effective tax rate in the current quarter is primarily due to lower earnings before tax in the prior year. The Company’s effective income tax rate was 21.5% for the nine months ended August 31, 2025, compared to (39.3)% for the same prior-year period. The increase in the effective tax rate is primarily due to lower earnings before tax in the prior year, and a $10.1 million tax benefit related to favorable resolutions of state audits. The Organization for Economic Cooperation and Development reached agreement among over 140 countries to implement a minimum 15% tax rate on certain multinational enterprises, commonly referred to as Pillar Two. Many countries continue to announce changes in their tax laws and regulations based on the Pillar Two framework. The Company determined that Pillar Two did not have a material impact to our tax provision for the three and nine months ended August 31, 2025. We will continue to evaluate the impact of legislative changes as additional guidance becomes available. On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted in the U.S. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. The Company has evaluated the OBBBA enacted during the quarter and estimated its impact on the consolidated financial statements to be immaterial.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Earnings Per Share

9 Months Ended

Aug. 31, 2025

Earnings Per Share [Abstract]

EARNINGS PER SHARE

The following table sets forth the computation of the Company’s basic and diluted earnings per share:


	Three Months Ended				Nine Months Ended
	August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions, except per share amounts)
Numerator:
Net income from continuing operations	$	122.0	$	22.7	$	341.8	$	30.0
Net income (loss) from discontinued operations, net of taxes	96.1		(2.0)		78.3		(2.0)
Net income	$	218.1	$	20.7	$	420.1	$	28.0
Denominator:
Weighted-average common shares outstanding - basic	395,659,040		398,187,049		396,578,375		398,642,455
Dilutive effect of stock awards	3,870,609		4,211,015		3,822,958		4,206,224
Weighted-average common shares outstanding - diluted	399,529,649		402,398,064		400,401,333		402,848,679
Earnings (loss) per common share:
Continuing operations - Basic	$	0.31	$	0.06	$	0.87	$	0.08
Discontinued operations - Basic	0.24		(0.01)		0.19		(0.01)
Net income - Basic	$	0.55	$	0.05	$	1.06	$	0.07

Continuing operations - Diluted	$	0.31	$	0.06	$	0.86	$	0.07
Discontinued operations - Diluted	0.24		(0.01)		0.19		—
Net income - Diluted	$	0.55	$	0.05	$	1.05	$	0.07
Anti-dilutive securities excluded from calculation of diluted earnings per share	3,691,474		2,609,700		3,953,446		4,171,552

Related Parties	9 Months Ended
Related Parties	Aug. 31, 2025
Related Party Transactions [Abstract]
RELATED PARTIES	RELATED PARTIES Michelle Gass (President and Chief Executive Officer) and David Jedrzejek (Senior Vice President and General Counsel) are members of the Board of Directors of the Levi Strauss Foundation, which is an independent non-profit entity that is not one of our consolidated entities. Mr. Jedrzejek also serves as a Vice President of the Levi Strauss Foundation. During the three and nine months ended August 31, 2025, the Company donated $0.4 million and $5.3 million, respectively, to the Levi Strauss Foundation as compared to $0.4 million and $5.7 million, respectively, for the same prior-year periods. During the three and nine months ended August 31, 2025, the Company recognized expenses related to their donation commitments of $5.9 million and $9.1 million, respectively, as compared to $2.2 million and $6.4 million, respectively, for the same prior-year periods.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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+ Details

Business Segment Information

9 Months Ended

Aug. 31, 2025

Segment Reporting [Abstract]

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 and on July 31, 2025 the Company sold the Dockers® intellectual property and operations in the U.S. and Canada. The sale of the remaining Dockers® operations is expected to close on or around January 31, 2026. 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 Ended				Nine Months Ended
	August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions)
Net revenues:
Americas	$	806.4	$	757.2	$	2,337.8	$	2,205.2
Europe	426.3		406.6		1,229.9		1,183.8
Asia	277.7		247.1		843.5		795.9
Total segment net revenues	1,510.4		1,410.9		4,411.2		4,184.9
Beyond Yoga®	33.0		32.2		105.0		97.2
Total net revenues	$	1,543.4	$	1,443.1	$	4,516.2	$	4,282.1
Income (loss) from continuing operations before income taxes:
Americas	$	189.3	$	173.9	$	512.3	$	432.8
Europe	91.0		83.2		262.8		239.9
Asia	33.4		28.5		120.9		111.0
Total segment operating income	313.7		285.6		896.0		783.7
Beyond Yoga® operating (loss) income	(4.8)		(5.8)		(12.3)		(9.6)
Restructuring charges, net(1)	(8.6)		(3.4)		(22.1)		(171.6)
Goodwill and other intangible asset impairment charges(2)	—		(111.4)		(2.5)		(116.9)
Corporate expenses(3)	(132.9)		(132.3)		(392.1)		(431.4)
Interest expense	(12.5)		(10.1)		(35.2)		(30.4)
Other income (expense), net(4)	1.3		(0.4)		3.5		(2.3)
Income (loss) from continuing operations before income taxes	$	156.2	$	22.2	$	435.3	$	21.5

____________

(1)Restructuring charges, net for the three and nine months ended August 31, 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 nine months ended August 25, 2024 consisted primarily of severance and other post-employment benefit charges in connection with Project Fuel.

(2)For the three and nine months ended August 25, 2024, goodwill and other intangible asset impairment charges includes $36.3 million related to Beyond Yoga® reporting unit goodwill, $66.0 million related to the Beyond Yoga® trademark and $9.1 million related to the Beyond Yoga® customer relationship intangible assets. Additionally, the nine months ended August 25, 2024.includes a $5.5 million goodwill impairment charge related to the footwear business.

(3)$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 nine months ended August 25, 2024.

(4)Other income (expense), net for the three and nine months ended August 31, 2025 includes subrogation related to an insurance recovery of $1.1 million. Other income (expense), net for the three and nine months ended August 25, 2024 includes an insurance recovery of 2.7 million and a government subsidy gain of 1.4 million.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Other (Expense) Income, Net

9 Months Ended

Aug. 31, 2025

Other Income and Expenses [Abstract]

OTHER (EXPENSE) INCOME, NET

OTHER INCOME (EXPENSE), NET

The following table summarizes significant components of “Other income (expense), net”:


	Three Months Ended				Nine Months Ended
	August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions)
Foreign exchange management gains (losses)(1)	$	11.0	$	(1.1)	$	41.0	$	1.8
Foreign currency transaction losses(2)	(11.1)		(5.8)		(48.6)		(11.2)
Other, net	1.4		6.5		11.1		7.1
Total other income (expense), net	$	1.3	$	(0.4)	$	3.5	$	(2.3)

____________

(1)Gains on forward foreign exchange contracts primarily result from currency fluctuations relative to negotiated contract rates. For the three and nine months ended August 31, 2025, gains were primarily due to currency fluctuations relative to negotiated contract rates on positions to buy the Euro.

(2)Foreign currency transaction gains and losses reflect the impact of currency fluctuations on the Company's foreign currency denominated balances. For the three and nine months ended August 31, 2025, losses were primarily due to the impact of U.S. dollar weakening against the Euro.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Aug. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Significant Accounting Policies (Policies)	9 Months Ended
Significant Accounting Policies (Policies)	Aug. 31, 2025
Accounting Policies [Abstract]
Consolidated entities	The unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated.
Fiscal period	The Company’s fiscal year ends on the Sunday that is closest to November 30 of that year, although the fiscal years of certain foreign subsidiaries end on November 30. Each quarter of both fiscal years 2025 and 2024 consists of 13 weeks, with the exception of the fourth quarter of 2024, which consisted of 14 weeks. All references to years and quarters relate to fiscal years and quarters rather than calendar years and quarters.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and the related notes to the consolidated financial statements. Estimates are based upon historical factors, current circumstances and the experience and judgment of the Company’s management. Management evaluates its estimates and assumptions on an ongoing basis and may employ outside experts to assist in its evaluations. Changes in such estimates, based on more accurate future information, or different assumptions or conditions, may affect amounts reported in future periods.
Long-Lived Assets	Long-Lived Assets The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may be impaired. Impairment losses are measured and recorded for the excess of carrying value over its fair value, estimated based on expected future cash flows and other quantitative and qualitative factors. Property, plant and equipment, net includes accumulated depreciation of $1.3 billion as of both August 31, 2025 and December 1, 2024.
Supplier Finance Program	Supplier Finance Program The Company offers a supplier financing program which enables the Company’s suppliers, at their sole discretion, to sell their receivables (i.e., the Company’s payment obligations to suppliers) to a financial institution on a non-recourse basis in order to be paid earlier than current payment terms provide. The Company’s obligations to its suppliers, including amounts due and scheduled payment dates, are not impacted by the supplier’s participation in these arrangements. The Company’s payment terms to the financial institutions, including the timing and amount of payments, are based on the original supplier invoices. Our current payment terms with a majority of our suppliers are typically 90 days. The Company has not pledged any assets and does not provide guarantees under the supplier finance program. As such, the outstanding payment obligations under the Company’s supplier finance program are included within Accounts Payable in the Consolidated Balance Sheets.
Shares Repurchases	Share Repurchases During the first quarter of 2025, the Company repurchased 1.6 million shares for $30.0 million, plus broker’s commissions, in the open market. On August 1, 2025, the Company entered into an accelerated share repurchase transaction with a third-party financial institution to repurchase an aggregate of $120.0 million of the Company’s Class A common stock as part of its share repurchase program. At inception, the Company made an initial payment of $120.0 million and took delivery of approximately 5.0 million shares of Class A common stock, representing 80% of the dollar amount of the transaction, based on the August 1, 2025 closing share price, over the transaction's term (the "ASR Agreement"). The initial shares received, which had an aggregate cost of $96.0 million based on the August 1, 2025 closing share price, were retired and recorded as a reduction of Retained Earnings, with the remainder of $24.0 million recorded as a reduction of additional paid-in capital. These purchases equate to an average repurchase price of approximately $19.05 per share for the nine months ended August 31, 2025. The total number of shares the Company will ultimately repurchase will be based on the volume-weighted average price per share of the Company's Class A common stock over the term of the ASR Agreement, less an agreed upon discount, and subject to customary adjustments pursuant to the terms and conditions of the ASR Agreement. Final settlement of the transactions under the ASR Agreement is expected to occur no later than the first quarter of 2026. During the three and nine months ended August 25, 2024, the Company repurchased 1.0 million and 3.3 million shares for $17.8 million and $59.7 million, plus broker's commissions, respectively, in the open market. This equates to an average repurchase price of approximately $18.35 per share for the nine months ended August 25, 2024. The Company accounts for share repurchases by charging the excess of the repurchase price over the repurchased Class A common stock’s par value entirely to retained earnings. All repurchased shares are retired and become authorized but unissued shares. The Company accrues for the shares purchased under the share repurchase plan based on the trade date. The Company may terminate or limit the share repurchase program at any time.
Assets Held for Sale and Discontinued Operations	Assets Held for Sale and Discontinued Operations Assets and liabilities of a business that meet the accounting requirements to be classified as held for sale are separated in a disposal group. Disposal group net assets are recorded at the lower of their carrying amount or estimated fair value less expected costs to sell. After being classified as held for sale, assets are not depreciated or amortized. Assets and liabilities of a disposal group that meet the accounting requirements to be classified as discontinued operations are presented separately for all current and prior periods in the consolidated balance sheets. The results of discontinued operations are reported in income (loss) from discontinued operations, net of taxes in the consolidated statements of income for the current and prior periods beginning in the period in which the business meets the held for sale criteria. Income (loss) from discontinued operations includes direct costs attributable to the business held for sale, and an estimate of costs from corporate functions dedicated to the business, but excludes corporate expenses composed of selling, general and administrative expenses not attributable to any of the operating segments. See Note 2 “Discontinued Operations”. Unless otherwise indicated, the information in the notes to the consolidated financial statements refers only to the Company’s continuing operations.
Reclassification	Reclassification Certain amounts on the consolidated balance sheets, consolidated statements of income and statements of cash flows have been conformed to the August 31, 2025 presentation.
Recently Issued Accounting Standards	Recently Issued Accounting Standards There have been no developments to recently issued accounting standards, including the expected dates of adoption and estimated effects on the Company’s consolidated financial statements and footnote disclosures, from those disclosed in the 2024 Annual Report on Form 10-K. The Company will adopt ASU 2023-07, Improvements to Reportable Segment Disclosures, on a retrospective basis in the Annual Report on Form 10-K for the fiscal year ending November 30, 2025. This new guidance is designed to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses.

Discontinued Operations (Tables)

9 Months Ended

Aug. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Assets and Liabilities Held for Sale

The following table reconciles the gross proceeds with the gain on sale of Dockers® intellectual property and operations in the U.S. and Canada included in “Net income (loss) from discontinued operations, net of taxes”.


	Three Months Ended
	August 31, 2025


Gross proceeds	$	194.7
Less direct costs to sell	16.6
Less carrying amount of Dockers® intellectual property and operations in the U.S. and Canada	39.1
Gain on sale of Dockers® intellectual property and operations in the U.S. and Canada	$	139.0

Dockers® net assets were classified as held for sale in the consolidated balance sheets for all periods presented. The Dockers® net assets were classified as current and non-current. Additionally, the Company classified the Dockers® business as discontinued operations in its consolidated statements of income for all periods presented.

The following table presents the assets and liabilities held for sale:


	August 31, 2025		December 1, 2024

	(Dollars in millions)
Current Assets:
Inventories	$	57.7	$	108.1
Total current assets held for sale	57.7		108.1
Property, plant and equipment, net	6.8		11.3
Operating lease right-of-use assets, net	12.3		23.6
Total non-current assets held for sale	19.1		34.9
Total assets held for sale	$	76.8	$	143.0

Current Liabilities:
Short-term operating lease liabilities	$	4.5	$	5.9
Total current liabilities held for sale	4.5		5.9
Long-term operating lease liabilities	6.1		17.5
Total long-term liabilities held for sale	6.1		17.5
Total liabilities held for sale	$	10.6	$	23.4

The following table presents the results of discontinued operations:


	Three Months Ended				Nine Months Ended
	August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions)
Net revenues	$	55.3	$	73.7	$	194.5	$	233.5
Cost of goods sold	27.3		36.9		95.6		120.7
Gross profit	28.0		36.8		98.9		112.8
Selling, general and administrative expenses	30.4		39.2		116.0		112.1
Restructuring charges, net(1)	8.6		—		16.9		3.1
Income (loss) from discontinued operations before income taxes and gain on sale	(11.0)		(2.4)		(34.0)		(2.4)
Gain on sale of Dockers® intellectual property and operations in the U.S. and Canada before income taxes	139.0		—		139.0		—
Total income (loss) from discontinued operations before income taxes	128.0		(2.4)		105.0		(2.4)
Income tax expense (benefit)	31.9		(0.4)		26.7		(0.4)
Net income (loss) from discontinued operations, net of taxes	$	96.1	$	(2.0)	$	78.3	$	(2.0)

____________

(1)Restructuring charges, net amounts previously attributable to corporate expenses were reported as discontinued operations for the nine months ended August 25, 2024.

Results of Discontinued Operations

The following table reconciles the gross proceeds with the gain on sale of Dockers® intellectual property and operations in the U.S. and Canada included in “Net income (loss) from discontinued operations, net of taxes”.


	Three Months Ended
	August 31, 2025


Gross proceeds	$	194.7
Less direct costs to sell	16.6
Less carrying amount of Dockers® intellectual property and operations in the U.S. and Canada	39.1
Gain on sale of Dockers® intellectual property and operations in the U.S. and Canada	$	139.0

Dockers® net assets were classified as held for sale in the consolidated balance sheets for all periods presented. The Dockers® net assets were classified as current and non-current. Additionally, the Company classified the Dockers® business as discontinued operations in its consolidated statements of income for all periods presented.

The following table presents the assets and liabilities held for sale:


	August 31, 2025		December 1, 2024

	(Dollars in millions)
Current Assets:
Inventories	$	57.7	$	108.1
Total current assets held for sale	57.7		108.1
Property, plant and equipment, net	6.8		11.3
Operating lease right-of-use assets, net	12.3		23.6
Total non-current assets held for sale	19.1		34.9
Total assets held for sale	$	76.8	$	143.0

Current Liabilities:
Short-term operating lease liabilities	$	4.5	$	5.9
Total current liabilities held for sale	4.5		5.9
Long-term operating lease liabilities	6.1		17.5
Total long-term liabilities held for sale	6.1		17.5
Total liabilities held for sale	$	10.6	$	23.4

The following table presents the results of discontinued operations:


	Three Months Ended				Nine Months Ended
	August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions)
Net revenues	$	55.3	$	73.7	$	194.5	$	233.5
Cost of goods sold	27.3		36.9		95.6		120.7
Gross profit	28.0		36.8		98.9		112.8
Selling, general and administrative expenses	30.4		39.2		116.0		112.1
Restructuring charges, net(1)	8.6		—		16.9		3.1
Income (loss) from discontinued operations before income taxes and gain on sale	(11.0)		(2.4)		(34.0)		(2.4)
Gain on sale of Dockers® intellectual property and operations in the U.S. and Canada before income taxes	139.0		—		139.0		—
Total income (loss) from discontinued operations before income taxes	128.0		(2.4)		105.0		(2.4)
Income tax expense (benefit)	31.9		(0.4)		26.7		(0.4)
Net income (loss) from discontinued operations, net of taxes	$	96.1	$	(2.0)	$	78.3	$	(2.0)

____________

(1)Restructuring charges, net amounts previously attributable to corporate expenses were reported as discontinued operations for the nine months ended August 25, 2024.

Reconciliation of Gross Proceeds From Discontinued Operations

The following table reconciles the gross proceeds with the gain on sale of Dockers® intellectual property and operations in the U.S. and Canada included in “Net income (loss) from discontinued operations, net of taxes”.


	Three Months Ended
	August 31, 2025


Gross proceeds	$	194.7
Less direct costs to sell	16.6
Less carrying amount of Dockers® intellectual property and operations in the U.S. and Canada	39.1
Gain on sale of Dockers® intellectual property and operations in the U.S. and Canada	$	139.0

Dockers® net assets were classified as held for sale in the consolidated balance sheets for all periods presented. The Dockers® net assets were classified as current and non-current. Additionally, the Company classified the Dockers® business as discontinued operations in its consolidated statements of income for all periods presented.

The following table presents the assets and liabilities held for sale:


	August 31, 2025		December 1, 2024

	(Dollars in millions)
Current Assets:
Inventories	$	57.7	$	108.1
Total current assets held for sale	57.7		108.1
Property, plant and equipment, net	6.8		11.3
Operating lease right-of-use assets, net	12.3		23.6
Total non-current assets held for sale	19.1		34.9
Total assets held for sale	$	76.8	$	143.0

Current Liabilities:
Short-term operating lease liabilities	$	4.5	$	5.9
Total current liabilities held for sale	4.5		5.9
Long-term operating lease liabilities	6.1		17.5
Total long-term liabilities held for sale	6.1		17.5
Total liabilities held for sale	$	10.6	$	23.4

The following table presents the results of discontinued operations:


	Three Months Ended				Nine Months Ended
	August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions)
Net revenues	$	55.3	$	73.7	$	194.5	$	233.5
Cost of goods sold	27.3		36.9		95.6		120.7
Gross profit	28.0		36.8		98.9		112.8
Selling, general and administrative expenses	30.4		39.2		116.0		112.1
Restructuring charges, net(1)	8.6		—		16.9		3.1
Income (loss) from discontinued operations before income taxes and gain on sale	(11.0)		(2.4)		(34.0)		(2.4)
Gain on sale of Dockers® intellectual property and operations in the U.S. and Canada before income taxes	139.0		—		139.0		—
Total income (loss) from discontinued operations before income taxes	128.0		(2.4)		105.0		(2.4)
Income tax expense (benefit)	31.9		(0.4)		26.7		(0.4)
Net income (loss) from discontinued operations, net of taxes	$	96.1	$	(2.0)	$	78.3	$	(2.0)

____________

(1)Restructuring charges, net amounts previously attributable to corporate expenses were reported as discontinued operations for the nine months ended August 25, 2024.

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

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

_____________

(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

_____________

(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

_____________

(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.

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Fair Value of Financial Instruments (Tables)

9 Months Ended

Aug. 31, 2025

Fair Value Disclosures [Abstract]

Financial assets and liabilities carried at fair value

The following table presents the Company’s financial instruments that are carried at fair value:


	August 31, 2025						December 1, 2024
			Fair Value Estimated Using						Fair Value Estimated Using
	Fair Value		Level 1 Inputs(1)		Level 2 Inputs(2)		Fair Value		Level 1 Inputs(1)		Level 2 Inputs(2)

	(Dollars in millions)
Financial assets carried at fair value
Rabbi trust assets	$	103.4	$	103.4	$	—	$	95.4	$	95.4	$	—
Short-term investments in marketable securities	94.7				94.7		—		—		—
Derivative instruments(3)	5.9		—		5.9		17.6		—		17.6
Total	$	204.0	$	103.4	$	100.6	$	113.0	$	95.4	$	17.6
Financial liabilities carried at fair value
Derivative instruments(3)	$	25.6	$	—	$	25.6	$	9.5	$	—	$	9.5

_____________

(1)Fair values estimated using Level 1 inputs are inputs which consist of quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Rabbi trust assets consist of marketable equity securities.

(2)Fair values estimated using Level 2 inputs are inputs, other than quoted prices, that are observable for the asset or liability, either directly or indirectly, and include among other things, quoted prices for similar assets or liabilities in markets that are active or inactive as well as inputs other than quoted prices that are observable. Short-term investments in marketable securities consist of fixed income securities. For forward foreign exchange contracts, inputs include foreign currency exchange and interest rates and, where applicable, credit default swap prices.

(3)The Company’s cash flow hedges are subject to International Swaps and Derivatives Association, Inc. master agreements. These agreements permit the net settlement of these contracts on a per-institution basis. Refer to Note 5 for more information.

Financial liabilities carried at adjusted historical cost

The following table presents the carrying value, including related accrued interest, and estimated fair value of the Company’s financial instruments that are carried at adjusted historical cost:


	August 31, 2025				December 1, 2024
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value

	(Dollars in millions)
Financial liabilities carried at adjusted historical cost
4.000% senior notes due 2030(1)	$	549.1	$	560.0	$	—	$	—
3.375% senior notes due 2027(1)	—		—		502.5		498.1
3.50% senior notes due 2031(1)	504.5		466.1		499.6		440.8
Short-term borrowings	5.7		5.7		5.5		5.5
Total	$	1,059.3	$	1,031.8	$	1,007.6	$	944.4

_____________

(1)Fair values are estimated using Level 2 inputs and incorporate mid-market price quotes. Level 2 inputs are inputs other than quoted prices, that are observable for the liability, either directly or indirectly and include among other things, quoted prices for similar liabilities in markets that are active or inactive as well as inputs other than quoted prices that are observable.

Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Aug. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Carrying values of derivative instruments and non-derivative instruments

The table below provides data about the carrying values of derivative and non-derivative instruments:


	August 31, 2025						December 1, 2024
	Assets		(Liabilities)		Derivative Net Carrying Value		Assets		(Liabilities)		Derivative Net Carrying Value
	Carrying Value		Carrying Value				Carrying Value		Carrying Value

	(Dollars in millions)
Derivatives designated as hedging instruments
Foreign exchange risk cash flow hedges(1)	$	3.3	$	—	$	3.3	$	15.6	$	—	$	15.6
Foreign exchange risk cash flow hedges(2)	—		(22.8)		(22.8)		—		(4.7)		(4.7)
Total	$	3.3	$	(22.8)			$	15.6	$	(4.7)
Derivatives not designated as hedging instruments
Forward foreign exchange contracts(1)	$	5.9	$	(3.3)	$	2.6	$	17.6	$	(15.6)	$	2.0
Forward foreign exchange contracts(2)	22.8		(25.6)		(2.8)		4.7		(9.5)		(4.8)
Total	$	28.7	$	(28.9)			$	22.3	$	(25.1)
Non-derivatives designated as hedging instruments
4.000% Euro senior notes due 2030	$	—	$	(554.8)			$	—	$	—
3.375% Euro senior notes due 2027	—		—				—		(500.9)

_____________

(1)Included in “Other current assets” or “Other non-current assets” on the Company’s consolidated balance sheets.

(2)Included in “Other accrued liabilities” or “Long-term employee related benefits and other liabilities” on the Company’s consolidated balance sheets.

Offsetting assets and liabilities

The Company’s over-the-counter forward foreign exchange contracts are subject to International Swaps and Derivatives Association, Inc. master agreements. These agreements permit the net settlement of these contracts on a per-institution basis; however, the Company records the fair value on a gross basis on its consolidated balance sheets based on maturity dates, including those subject to master netting arrangements.

The table below presents the gross and net amounts of these contracts recognized on the Company’s consolidated balance sheets by type of financial instrument:


	August 31, 2025							December 1, 2024
	Gross Amounts of Assets / (Liabilities) Presented in the Balance Sheet		Gross Amounts Not Offset in the Balance Sheet		Net Amounts of Assets / (Liabilities)		Gross Amounts of Assets / (Liabilities) Presented in the Balance Sheet	Gross Amounts Not Offset in the Balance Sheet		Net Amounts of Assets / (Liabilities)


	(Dollars in millions)
Foreign exchange risk contracts and forward foreign exchange contracts
Financial assets	$	32.0	$	(7.4)	$	24.6		$	37.9	$	(11.0)	$	26.9
Financial liabilities	(51.7)		7.4		(44.3)			(29.9)		11.0		(18.9)
Total					$	(19.7)						$	8.0

Gains and losses included in AOCI

The table below provides data about the amount of gains and losses related to derivative instruments and non-derivative instruments designated as cash flow and net investment hedges included in “Accumulated other comprehensive loss” (“AOCL”) on the Company’s consolidated balance sheets, and in “Other income (expense), net” in the Company’s consolidated statements of income:


	Amount of (Loss) Gain Recognized in AOCL (Effective Portion)				Amount of (Loss) Gain Reclassified from AOCL into Net Income(1)
	As of August 31, 2025		As of December 1, 2024		Three Months Ended				Nine Months Ended
					August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions)
Foreign exchange risk contracts	$	(27.2)	$	10.2	$	5.1	$	(0.2)	$	6.1	$	(18.2)
Realized forward foreign exchange swaps(2)	4.6		4.6		—		—		—		—
Yen-denominated Eurobonds	(19.8)		(19.8)		—		—		—		—
Euro-denominated senior notes	(67.8)		(13.8)		—		—		—		—
Cumulative income taxes	30.0		9.8		—		—		—		—
Total	$	(80.2)	$	(9.0)

_____________

(1)Amounts reclassified from AOCL were classified as net revenues or costs of goods sold on the consolidated statements of income.

(2)Prior to 2006, the Company used foreign exchange currency swaps to hedge the net investment in its foreign operations. For hedges that qualified for hedge accounting, the net gains were included in AOCL and are not reclassified to earnings until the related net investment position has been liquidated.

Gains and losses included in statements of income

The table below presents the effects of the Company’s cash flow hedges of foreign exchange risk contracts on the consolidated statements of income:


	Three Months Ended				Nine Months Ended
	August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions)
Amount of (Loss) Gain on Cash Flow Hedge Activity:
Net revenues	$	0.3	$	(1.2)	$	(2.3)	$	(4.0)
Cost of goods sold	$	4.8	$	1.0	$	8.4	$	(14.2)

The table below provides data about the amount of gains and losses related to derivative instruments included in “Other income (expense), net” in the Company’s consolidated statements of income:


	Three Months Ended				Nine Months Ended
	August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions)
Forward foreign exchange contracts:
Realized (loss) gain(1)	$	10.6	$	(1.0)	$	39.8	$	8.3
Unrealized (loss) gain	0.4		(0.1)		1.2		(6.5)
Total	$	11.0	$	(1.1)	$	41.0	$	1.8

_____________

(1)The realized gain (loss) is included in “Other, net” under cash flows from operating activities on the Company’s consolidated statements of cash flows.

Other Accrued Liabilities (Tables)

9 Months Ended

Aug. 31, 2025

Other Liabilities Disclosure [Abstract]

Other Accrued Liabilities

The following table presents the Company’s other accrued liabilities:


	August 31, 2025		December 1, 2024

	(Dollars in millions)
Other accrued liabilities
Accrued non-trade payables	$	161.3	$	188.9
Accrued advertising and promotion	67.5		64.1
Taxes other than income taxes payable	67.0		69.0
Restructuring liabilities	64.7		69.8
Accrued income taxes	41.9		40.3
Accrued property, plant and equipment	38.9		65.4
Fair value derivatives	25.5		9.5
Accrued rent	14.3		9.2
Accrued interest payable	11.1		8.3
Short-term debt	5.7		5.5
Other	161.6		142.1
Total other accrued liabilities	$	659.5	$	672.1

Debt (Tables)

9 Months Ended

Aug. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The following table presents the Company’s debt:


	August 31, 2025		December 1, 2024

	(Dollars in millions)
Long-term debt
3.375% senior notes due 2027	$	—	$	498.8
4.000% senior notes due 2030	547.1		—
3.50% senior notes due 2031	495.7		495.2
Total long-term debt	$	1,042.8	$	994.0
Short-term debt
Short-term borrowings	5.7		5.5
Total debt	$	1,048.5	$	999.5

Restructuring Activities (Tables)

9 Months Ended

Aug. 31, 2025

Restructuring and Related Activities [Abstract]

Summary of Activities Associated with Restructuring Liabilities

The following tables summarize the activities associated with restructuring liabilities for the periods presented. "Net Charges (Reversals)" represents the initial charge related to the restructuring activity as well as revisions of estimates related to severance and employee-related benefits and other, "Payments" consists of cash payments for severance and employee-related benefits and other, and "Foreign Currency Fluctuations" includes foreign currency fluctuations.


	Three Months Ended August 31, 2025
	Liabilities		Net Charges (Reversals)(1)			Payments		Foreign Currency Fluctuations		Liabilities
	June 1, 2025				August 31, 2025

	(Dollars in millions)
Severance and employee-related benefits	$	58.6	$	13.5		$	(10.7)	$	1.5	$	62.9
Contract termination costs and other	28.1		(0.1)			(9.5)		0.3		18.8
Total	$	86.7	$	13.4		$	(20.2)	$	1.8	$	81.7

_____________

(1)Excludes $4.0 million in stock compensation related charges recorded in Additional paid-in capital. Includes $8.6 million of Dockers® restructuring costs reported as discontinued operations


	Nine Months Ended August 31, 2025
	Liabilities		Net Charges (Reversals)(1)			Payments		Foreign Currency Fluctuations		Liabilities
	December 1, 2024				August 31, 2025

	(Dollars in millions)
Severance and employee-related benefits	$	83.7	$	25.1		$	(49.7)	$	3.8	$	62.9
Contract termination costs and other	20.7		3.6			(10.1)		4.6		18.8
Total	$	104.4	$	28.7		$	(59.8)	$	8.4	$	81.7

_____________

(1)Excludes $5.3 million in stock compensation related charges recorded in Additional paid-in capital, $9.2 million of asset impairment charges in connection with the closures of distribution centers, partially offset by a $9.3 million gain on the sale of a previously closed distribution center. Includes $11.8 million of Dockers® restructuring costs reported as discontinued operations.


	Three Months Ended August 25, 2024
	Liabilities		Net Charges (Reversals)			Payments		Foreign Currency Fluctuations		Liabilities
	May 26, 2024				August 25, 2024

	(Dollars in millions)
Severance and employee-related benefits	$	133.6	$	2.5		$	(35.2)	$	1.3	$	102.2
Contract termination costs and other	20.4		0.9			(0.3)		1.5		22.5
Total	$	154.0	$	3.4		$	(35.5)	$	2.8	$	124.7


	Nine Months Ended August 25, 2024
	Liabilities		Net Charges (Reversals)(1)			Payments		Foreign Currency Fluctuations		Liabilities
	November 26, 2023				August 25, 2024

	(Dollars in millions)
Severance and employee-related benefits	$	17.8	$	148.5		$	(66.2)	$	2.1	$	102.2
Contract termination costs and other	0.2		23.4			(2.5)		1.4		22.5
Total	$	18.0	$	171.9		$	(68.7)	$	3.5	$	124.7

_____________

(1)Excludes $2.0 million in stock compensation related charges recorded in Additional paid-in capital and $0.8 million in operating lease termination. Includes $3.1 million of Dockers® restructuring costs reported as discontinued operations.

Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Aug. 31, 2025

Equity [Abstract]

Schedule of accumulated other comprehensive loss

The following is a summary of the components of "Accumulated other comprehensive loss," net of related income taxes:


	Three Months Ended August 31, 2025
	Pension and Postretirement Benefits(1)		Translation Adjustments				Unrealized (Loss) Gain on Marketable Securities
			Derivative Instruments(2)		Foreign Currency Translation				Total

	(Dollars in millions)
Accumulated other comprehensive loss at June 1, 2025	$	(138.4)	$	(59.7)	$	(215.0)	$	—	$	(413.1)
Other comprehensive (loss) income before reclassifications	(0.5)		(15.4)		26.5		0.2		10.8
Amounts reclassified from accumulated other comprehensive loss	2.1		(5.1)		—		—		(3.0)
Net increase (decrease) in other comprehensive (loss) income	1.6		(20.5)		26.5		0.2		7.8
Accumulated other comprehensive (loss) income at August 31, 2025	$	(136.8)	$	(80.2)	$	(188.5)	$	0.2	$	(405.3)


	Nine Months Ended August 31, 2025
	Pension and Postretirement Benefits(1)		Translation Adjustments				Unrealized (Loss) Gain on Marketable Securities
			Derivative Instruments(2)		Foreign Currency Translation				Total

	(Dollars in millions)
Accumulated other comprehensive loss at December 1, 2024	$	(141.2)	$	(9.0)	$	(284.3)	$	—	$	(434.5)
Other comprehensive (loss) income before reclassifications	(1.2)		(65.1)		95.8		0.2		$	29.7
Amounts reclassified from accumulated other comprehensive loss	5.6		(6.1)		—		—		$	(0.5)
Net increase (decrease) in other comprehensive (loss) income	4.4		(71.2)		95.8		0.2		29.2
Accumulated other comprehensive (loss) income at August 31, 2025	$	(136.8)	$	(80.2)	$	(188.5)	$	0.2	$	(405.3)

___________

(1)Amounts reclassified were recorded in “Other income (expense), net”.

(2)Amounts reclassified were recorded within “Net revenues” and “Cost of goods sold”. For more information, refer to Note 5.


	Three Months Ended August 25, 2024
	Pension and Postretirement Benefits(1)		Translation Adjustments
			Derivative Instruments(2)		Foreign Currency Translation		Total

	(Dollars in millions)
Accumulated other comprehensive loss at May 26, 2024	$	(150.2)	$	(27.2)	$	(197.3)	$	(374.7)
Other comprehensive (loss) income before reclassifications	(0.4)		(11.0)		(34.9)		(46.3)
Amounts reclassified from accumulated other comprehensive loss	2.3		0.2		—		2.5
Net increase (decrease) in other comprehensive income (loss)	1.9		(10.8)		(34.9)		(43.8)
Accumulated other comprehensive loss at August 25, 2024	$	(148.3)	$	(38.0)	$	(232.2)	$	(418.5)


	Nine Months Ended August 25, 2024
	Pension and Postretirement Benefits(1)		Translation Adjustments
			Derivative Instruments(2)		Foreign Currency Translation		Total

	(Dollars in millions)
Accumulated other comprehensive loss at November 26, 2023	$	(153.2)	$	(42.0)	$	(195.7)	$	(390.9)
Other comprehensive (loss) income before reclassifications	(1.8)		(14.2)		(36.5)		(52.5)
Amounts reclassified from accumulated other comprehensive loss	6.7		18.2		—		24.9
Net increase (decrease) in other comprehensive (loss) income	4.9		4.0		(36.5)		(27.6)
Accumulated other comprehensive loss at August 25, 2024	$	(148.3)	$	(38.0)	$	(232.2)	$	(418.5)

_____________

(1)Amounts reclassified were recorded in “Other income (expense), net”.

(2)Amounts reclassified were recorded within “Net revenues” and “Cost of goods sold”. For more information, refer to Note 5.

Net Revenues (Tables)

9 Months Ended

Aug. 31, 2025

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The table below provides the Company’s revenues disaggregated by segment and channel.


	Three Months Ended August 31, 2025
	Levi’s Brands
	Americas		Europe		Asia		Beyond Yoga®		Total

	(Dollars in millions)
Net revenues by channel:
Wholesale	$	472.7	$	213.3	$	134.7	$	11.5	$	832.2
Direct-to-consumer	333.7		213.0		143.0		21.5		711.2
Total net revenues	$	806.4	$	426.3	$	277.7	$	33.0	$	1,543.4


	Nine Months Ended August 31, 2025
	Levi’s Brands
	Americas		Europe		Asia		Beyond Yoga®		Total

	(Dollars in thousands)
Net revenues by channel:
Wholesale	$	1,338.3	$	561.9	$	365.2	$	36.0	$	2,301.4
Direct-to-consumer	999.5		668.0		478.3		69.0		2,214.8
Total net revenues	$	2,337.8	$	1,229.9	$	843.5	$	105.0	$	4,516.2


	Three Months Ended August 25, 2024
	Levi’s Brands
	Americas		Europe		Asia		Beyond Yoga®		Total

	(Dollars in millions)
Net revenues by channel:
Wholesale	$	450.4	$	215.2	$	123.8	$	14.7	$	804.1
Direct-to-consumer	306.8		191.4		123.3		17.5		639.0
Total net revenues	$	757.2	$	406.6	$	247.1	$	32.2	$	1,443.1


	Nine Months Ended August 25, 2024
	Levi’s Brands
	Americas		Europe		Asia		Beyond Yoga®		Total

	(Dollars in thousands)
Net revenues by channel:
Wholesale	$	1,289.9	$	574.8	$	368.3	$	40.3	$	2,273.3
Direct-to-consumer	915.3		609.0		427.6		56.9		2,008.8
Total net revenues	$	2,205.2	$	1,183.8	$	795.9	$	97.2	$	4,282.1

Earnings Per Share (Tables)

9 Months Ended

Aug. 31, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of the Company’s basic and diluted earnings per share:


	Three Months Ended				Nine Months Ended
	August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions, except per share amounts)
Numerator:
Net income from continuing operations	$	122.0	$	22.7	$	341.8	$	30.0
Net income (loss) from discontinued operations, net of taxes	96.1		(2.0)		78.3		(2.0)
Net income	$	218.1	$	20.7	$	420.1	$	28.0
Denominator:
Weighted-average common shares outstanding - basic	395,659,040		398,187,049		396,578,375		398,642,455
Dilutive effect of stock awards	3,870,609		4,211,015		3,822,958		4,206,224
Weighted-average common shares outstanding - diluted	399,529,649		402,398,064		400,401,333		402,848,679
Earnings (loss) per common share:
Continuing operations - Basic	$	0.31	$	0.06	$	0.87	$	0.08
Discontinued operations - Basic	0.24		(0.01)		0.19		(0.01)
Net income - Basic	$	0.55	$	0.05	$	1.06	$	0.07

Continuing operations - Diluted	$	0.31	$	0.06	$	0.86	$	0.07
Discontinued operations - Diluted	0.24		(0.01)		0.19		—
Net income - Diluted	$	0.55	$	0.05	$	1.05	$	0.07
Anti-dilutive securities excluded from calculation of diluted earnings per share	3,691,474		2,609,700		3,953,446		4,171,552

Business Segment Information (Tables)

9 Months Ended

Aug. 31, 2025

Segment Reporting [Abstract]

Business Segment Information

Business segment information for the Company is as follows:


	Three Months Ended				Nine Months Ended
	August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions)
Net revenues:
Americas	$	806.4	$	757.2	$	2,337.8	$	2,205.2
Europe	426.3		406.6		1,229.9		1,183.8
Asia	277.7		247.1		843.5		795.9
Total segment net revenues	1,510.4		1,410.9		4,411.2		4,184.9
Beyond Yoga®	33.0		32.2		105.0		97.2
Total net revenues	$	1,543.4	$	1,443.1	$	4,516.2	$	4,282.1
Income (loss) from continuing operations before income taxes:
Americas	$	189.3	$	173.9	$	512.3	$	432.8
Europe	91.0		83.2		262.8		239.9
Asia	33.4		28.5		120.9		111.0
Total segment operating income	313.7		285.6		896.0		783.7
Beyond Yoga® operating (loss) income	(4.8)		(5.8)		(12.3)		(9.6)
Restructuring charges, net(1)	(8.6)		(3.4)		(22.1)		(171.6)
Goodwill and other intangible asset impairment charges(2)	—		(111.4)		(2.5)		(116.9)
Corporate expenses(3)	(132.9)		(132.3)		(392.1)		(431.4)
Interest expense	(12.5)		(10.1)		(35.2)		(30.4)
Other income (expense), net(4)	1.3		(0.4)		3.5		(2.3)
Income (loss) from continuing operations before income taxes	$	156.2	$	22.2	$	435.3	$	21.5

____________

(1)Restructuring charges, net for the three and nine months ended August 31, 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 nine months ended August 25, 2024 consisted primarily of severance and other post-employment benefit charges in connection with Project Fuel.

(2)For the three and nine months ended August 25, 2024, goodwill and other intangible asset impairment charges includes $36.3 million related to Beyond Yoga® reporting unit goodwill, $66.0 million related to the Beyond Yoga® trademark and $9.1 million related to the Beyond Yoga® customer relationship intangible assets. Additionally, the nine months ended August 25, 2024.includes a $5.5 million goodwill impairment charge related to the footwear business.

(3)$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 nine months ended August 25, 2024.

(4)Other income (expense), net for the three and nine months ended August 31, 2025 includes subrogation related to an insurance recovery of $1.1 million. Other income (expense), net for the three and nine months ended August 25, 2024 includes an insurance recovery of 2.7 million and a government subsidy gain of 1.4 million.

Other (Expense) Income, Net (Tables)

9 Months Ended

Aug. 31, 2025

Other Income and Expenses [Abstract]

Schedule of other nonoperating income (expense)

The following table summarizes significant components of “Other income (expense), net”:


	Three Months Ended				Nine Months Ended
	August 31, 2025		August 25, 2024		August 31, 2025		August 25, 2024

	(Dollars in millions)
Foreign exchange management gains (losses)(1)	$	11.0	$	(1.1)	$	41.0	$	1.8
Foreign currency transaction losses(2)	(11.1)		(5.8)		(48.6)		(11.2)
Other, net	1.4		6.5		11.1		7.1
Total other income (expense), net	$	1.3	$	(0.4)	$	3.5	$	(2.3)

____________

(1)Gains on forward foreign exchange contracts primarily result from currency fluctuations relative to negotiated contract rates. For the three and nine months ended August 31, 2025, gains were primarily due to currency fluctuations relative to negotiated contract rates on positions to buy the Euro.

(2)Foreign currency transaction gains and losses reflect the impact of currency fluctuations on the Company's foreign currency denominated balances. For the three and nine months ended August 31, 2025, losses were primarily due to the impact of U.S. dollar weakening against the Euro.

Significant Accounting Policies - Narrative (Details) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended			9 Months Ended		12 Months Ended
	Aug. 01, 2025 USD ($) shares	Aug. 31, 2025 USD ($)	Mar. 02, 2025 USD ($) shares	Aug. 25, 2024 USD ($) shares	Aug. 31, 2025 USD ($) segment $ / shares	Aug. 25, 2024 USD ($) $ / shares shares	Dec. 01, 2024 USD ($)	Jun. 06, 2024 USD ($)
Business Combination [Line Items]
Number of reportable segments \| segment					3
Operating lease right-of-use assets, net		$ 1,129.7			$ 1,129.7		$ 1,065.5
Finance lease, right-of-use asset		61.6			61.6
Finance lease, liability		61.6			61.6
Accumulated depreciation		1,300.0			1,300.0
Impairments related to technology projects				$ 11.1
Supplier finance program obligations		150.6			150.6		152.2
Shares repurchased (in shares) \| shares			1.6	1.0		3.3
Repurchased value			$ 30.0	$ 17.8		$ 59.7
Shares repurchased and retired aggregate cost		120.9			120.9
Average repurchase price (in USD per share) \| $ / shares						$ 18.35
Retained Earnings
Business Combination [Line Items]
Shares repurchased and retired aggregate cost		96.9			96.9
Additional Paid-In Capital
Business Combination [Line Items]
Shares repurchased and retired aggregate cost		$ 24.0			$ 24.0
Customer Relationships
Business Combination [Line Items]
Impairment of finite-lived intangible assets							$ 9.1
Accelerated Share Repurchase Agreement
Business Combination [Line Items]
Accelerated share repurchase amount	$ 120.0
Accelerated share repurchases initial payment	$ 120.0
Shares repurchased and retired (in shares) \| shares	5.0
Accelerated share repurchases, initial price per share (in USD per share) \| $ / shares					$ 19.05
Accelerated Share Repurchase Agreement \| Retained Earnings
Business Combination [Line Items]
Shares repurchased and retired aggregate cost	$ 96.0
Accelerated Share Repurchase Agreement \| Additional Paid-In Capital
Business Combination [Line Items]
Shares repurchased and retired aggregate cost	$ 24.0
Warehouse, Warehouse Equipment, And Technologies
Business Combination [Line Items]
Operating lease right-of-use assets, net								$ 30.6
Operating lease liability								30.6
Finance lease, right-of-use asset								14.0
Finance lease, liability								$ 14.0

Discontinued Operations - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
	Jul. 31, 2025	Aug. 31, 2025	Jun. 01, 2025	Aug. 31, 2025	Aug. 25, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business				$ 194.7	$ 0.0
Gain on sale of business				155.6	$ 0.0
Dockers \| Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of business purchase price			$ 311.0
Proceeds from sale of business	$ 194.7	$ 194.7		194.7
Gain on sale of business	$ 139.0	$ 139.0		$ 155.6
Dockers \| Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations \| Minimum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of business, earnout contingency			391.0
Dockers \| Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations \| Maximum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of business, earnout contingency			$ 80.0

Discontinued Operations -Reconciliation of Gross Proceeds From Discontinued Operations (Details) - USD ($) $ in Millions		3 Months Ended	9 Months Ended
	Jul. 31, 2025	Aug. 31, 2025	Aug. 31, 2025	Aug. 25, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business			$ 194.7	$ 0.0
Gain on sale of Dockers® intellectual property and operations in the U.S. and Canada			155.6	$ 0.0
Dockers \| Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business	$ 194.7	$ 194.7	194.7
Less direct costs to sell		16.6
Less carrying amount of Dockers® intellectual property and operations in the U.S. and Canada		39.1	39.1
Gain on sale of Dockers® intellectual property and operations in the U.S. and Canada	$ 139.0	$ 139.0	$ 155.6

Discontinued Operations - Assets and Liabilities (Details) - USD ($) $ in Millions	Aug. 31, 2025	Dec. 01, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total current assets held for sale	$ 57.7	$ 108.1
Total non-current assets held for sale	19.1	34.9
Dockers \| Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Inventories	57.7	108.1
Total current assets held for sale	57.7	108.1
Property, plant and equipment, net	6.8	11.3
Operating lease right-of-use assets, net	12.3	23.6
Total non-current assets held for sale	19.1	34.9
Total assets held for sale	76.8	143.0
Short-term operating lease liabilities	4.5	5.9
Total current liabilities held for sale	4.5	5.9
Long-term operating lease liabilities	6.1	17.5
Total long-term liabilities held for sale	6.1	17.5
Total liabilities held for sale	$ 10.6	$ 23.4

Discontinued Operations Results of Operations (Details) - Dockers - Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 31, 2025	Aug. 25, 2024	Aug. 31, 2025	Aug. 25, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues	$ 55.3	$ 73.7	$ 194.5	$ 233.5
Cost of goods sold	27.3	36.9	95.6	120.7
Gross profit	28.0	36.8	98.9	112.8
Selling, general and administrative expenses	30.4	39.2	116.0	112.1
Restructuring charges, net	8.6	0.0	16.9	3.1
Income (loss) from discontinued operations before income taxes and gain on sale	(11.0)	(2.4)	(34.0)	(2.4)
Gain on sale of Dockers® intellectual property and operations in the U.S. and Canada before income taxes	139.0	0.0	139.0	0.0
Total income (loss) from discontinued operations before income taxes	128.0	(2.4)	105.0	(2.4)
Income tax expense (benefit)	31.9	(0.4)	26.7	(0.4)
Net income (loss) from discontinued operations, net of taxes	$ 96.1	$ (2.0)	$ 78.3	$ (2.0)

Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Aug. 25, 2024	Aug. 31, 2025	Aug. 25, 2024	Dec. 01, 2024	Nov. 26, 2023
Goodwill [Line Items]
Goodwill	$ 409.6	$ 410.1	$ 409.6	$ 406.4	$ 390.7
Accumulated impairment losses	(128.8)	(131.3)	(128.8)	(128.8)	(87.0)
Goodwill, net	280.8	278.8	280.8	277.6	303.7
Goodwill [Roll Forward]
Beginning balance		277.6	303.7
Impairment losses		(2.5)	(41.8)
Goodwill, acquired during the year		0.0	20.9
Foreign currency fluctuation		3.7	(2.0)
Ending balance	280.8	278.8	280.8
Beyond Yoga
Goodwill [Roll Forward]
Impairment losses	(36.3)		(36.3)
Americas
Goodwill [Line Items]
Goodwill	244.9	244.4	244.9	242.7	231.7
Accumulated impairment losses	0.0	(2.5)	0.0	0.0	0.0
Goodwill, net	244.9	241.9	244.9	242.7	231.7
Goodwill [Roll Forward]
Beginning balance		242.7	231.7
Impairment losses		(2.5)	0.0
Goodwill, acquired during the year		0.0	15.9
Foreign currency fluctuation		1.7	(2.7)
Ending balance	244.9	241.9	244.9
Americas \| Expofaro S.A.S
Goodwill [Roll Forward]
Goodwill, acquired during the year			15.9
Europe
Goodwill [Line Items]
Goodwill	38.2	39.2	38.2	37.2	32.6
Accumulated impairment losses	(17.1)	(17.1)	(17.1)	(17.1)	(11.6)
Goodwill, net	21.1	22.1	21.1	20.1	21.0
Goodwill [Roll Forward]
Beginning balance		20.1	21.0
Impairment losses		0.0	(5.5)
Goodwill, acquired during the year		0.0	5.0
Foreign currency fluctuation		2.0	0.6
Ending balance	21.1	22.1	21.1
Asia
Goodwill [Line Items]
Goodwill	2.9	2.9	2.9	2.9	2.8
Accumulated impairment losses	0.0	0.0	0.0	0.0	0.0
Goodwill, net	2.9	2.9	2.9	2.9	2.8
Goodwill [Roll Forward]
Beginning balance		2.9	2.8
Impairment losses		0.0	0.0
Goodwill, acquired during the year		0.0	0.0
Foreign currency fluctuation		0.0	0.1
Ending balance	2.9	2.9	2.9
Beyond Yoga®
Goodwill [Line Items]
Goodwill	123.6	123.6	123.6	123.6	123.6
Accumulated impairment losses	(111.7)	(111.7)	(111.7)	(111.7)	(75.4)
Goodwill, net	11.9	11.9	11.9	$ 11.9	$ 48.2
Goodwill [Roll Forward]
Beginning balance		11.9	48.2
Impairment losses		0.0	(36.3)
Goodwill, acquired during the year		0.0	0.0
Foreign currency fluctuation		0.0	0.0
Ending balance	$ 11.9	$ 11.9	$ 11.9

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended		12 Months Ended
	Aug. 31, 2025	Aug. 25, 2024	Feb. 25, 2024	Aug. 31, 2025	Aug. 25, 2024	Dec. 01, 2024
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment				$ 2.5	$ 41.8
Goodwill and other intangible asset impairment charges	$ 0.0	$ 111.4		2.5	116.9
Europe
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment				$ 0.0	5.5
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Impairment of finite-lived intangible assets						$ 9.1
Beyond Yoga
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment		$ 36.3			36.3
Goodwill and other intangible asset impairment charges					$ 111.4
Beyond Yoga \| Trademarks
Finite-Lived Intangible Assets [Line Items]
Impairment of intangible assets, indefinite-lived (excluding goodwill)						$ 66.0
Footwear Business \| Europe
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment			$ 5.5

Goodwill and Other Intangible Assets - Other Intangible Assets, Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 01, 2024	Aug. 31, 2025
Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets, accumulated amortization	$ (18.9)	$ (21.8)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Total, gross carrying value	215.5	216.5
Total, accumulated amortization	(18.9)	(21.8)
Total	196.6	194.7
Customer relationships and other
Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets, gross carrying amount	37.6	38.6
Amortized intangible assets, accumulated amortization	(18.9)	(21.8)
Amortized intangible assets, total	18.7	16.8
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Total, accumulated amortization	(18.9)	(21.8)
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets at fair value	9.7
Impairment of finite-lived intangible assets	9.1
Trademarks
Indefinite-Lived Intangible Assets [Line Items]
Non-amortized intangible assets	177.9	$ 177.9
Trademarks \| Beyond Yoga
Indefinite-Lived Intangible Assets [Line Items]
Impairment of intangible assets, indefinite-lived (excluding goodwill)	66.0
Fair Value, Inputs, Level 3 \| Trademarks \| Beyond Yoga
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets at fair value	$ 135.1

Fair Value of Financial Instruments- Fair Value (Details) - USD ($) $ in Millions	Aug. 31, 2025	Dec. 01, 2024
Financial assets carried at fair value
Short-term investments in marketable securities	$ 94.7	$ 0.0
Fair Value \| Fair Value, Recurring
Financial assets carried at fair value
Rabbi trust assets	103.4	95.4
Short-term investments in marketable securities	94.7	0.0
Forward foreign exchange contracts	5.9	17.6
Total	204.0	113.0
Financial liabilities carried at fair value
Forward foreign exchange contracts	25.6	9.5
Fair Value \| Fair Value, Recurring \| Level 1 Inputs
Financial assets carried at fair value
Rabbi trust assets	103.4	95.4
Short-term investments in marketable securities		0.0
Forward foreign exchange contracts	0.0	0.0
Total	103.4	95.4
Financial liabilities carried at fair value
Forward foreign exchange contracts	0.0	0.0
Fair Value \| Fair Value, Recurring \| Level 2 Inputs
Financial assets carried at fair value
Rabbi trust assets	0.0	0.0
Short-term investments in marketable securities	94.7	0.0
Forward foreign exchange contracts	5.9	17.6
Total	100.6	17.6
Financial liabilities carried at fair value
Forward foreign exchange contracts	$ 25.6	$ 9.5

Fair Value of Financial Instruments - Adjusted Historical Cost (Details) - USD ($) $ in Millions	Aug. 31, 2025	Jul. 31, 2025	Dec. 01, 2024
Senior Notes \| 4.000% Senior Notes Due 2030
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	4.00%	4.00%
Senior Notes \| 3.375% Senior Notes Due 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	3.375%	3.375%
Senior Notes \| 3.50% Senior Notes Due 2031
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	3.50%
Fair Value, Recurring \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt carried at adjusted historical cost	$ 5.7		$ 5.5
Total financial liabilities carried at adjusted historical cost	1,059.3		1,007.6
Fair Value, Recurring \| Carrying Value \| Senior Notes \| 4.000% Senior Notes Due 2030
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	549.1		0.0
Fair Value, Recurring \| Carrying Value \| Senior Notes \| 3.375% Senior Notes Due 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	0.0		502.5
Fair Value, Recurring \| Carrying Value \| Senior Notes \| 3.50% Senior Notes Due 2031
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	504.5		499.6
Fair Value, Recurring \| Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt carried at adjusted historical cost	5.7		5.5
Total financial liabilities carried at adjusted historical cost	1,031.8		944.4
Fair Value, Recurring \| Estimated Fair Value \| Senior Notes \| 4.000% Senior Notes Due 2030
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	560.0		0.0
Fair Value, Recurring \| Estimated Fair Value \| Senior Notes \| 3.375% Senior Notes Due 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	0.0		498.1
Fair Value, Recurring \| Estimated Fair Value \| Senior Notes \| 3.50% Senior Notes Due 2031
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt carried at adjusted historical cost	$ 466.1		$ 440.8

Derivative Instruments and Hedging Activities - Balance Sheet (Details) - USD ($) $ in Millions	Aug. 31, 2025	Dec. 01, 2024
Carrying Value \| Designated as Hedging Instrument \| Bonds \| 4.000 Euro Senior Notes Due 2027
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Hedging assets	$ 0.0	$ 0.0
Hedging liabilities	(554.8)	0.0
Carrying Value \| Designated as Hedging Instrument \| Bonds \| 3.375 Euro Senior Notes Due 2027
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Hedging assets	0.0	0.0
Hedging liabilities	0.0	(500.9)
Forward foreign exchange contracts
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative asset, gross asset	32.0	37.9
Derivative asset, gross liability	(7.4)	(11.0)
Derivative asset, net	24.6	26.9
Derivative liability, gross asset	7.4	11.0
Derivative liability, gross liability	(51.7)	(29.9)
Derivative liability, net	(44.3)	(18.9)
Net Amounts of Assets / (Liabilities)	(19.7)	8.0
Forward foreign exchange contracts \| Carrying Value \| Designated as Hedging Instrument \| Cash Flow Hedging
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative asset, net	3.3	15.6
Derivative liability, net	(22.8)	(4.7)
Forward foreign exchange contracts \| Carrying Value \| Designated as Hedging Instrument \| Other non-current assets \| Cash Flow Hedging
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative asset, gross asset	3.3	15.6
Derivative asset, gross liability	0.0	0.0
Forward foreign exchange contracts \| Carrying Value \| Designated as Hedging Instrument \| Other long-term liabilities \| Cash Flow Hedging
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative liability, gross asset	0.0	0.0
Derivative liability, gross liability	(22.8)	(4.7)
Forward foreign exchange contracts \| Carrying Value \| Designated as Hedging Instrument \| Other non-current assets \| Cash Flow Hedging
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative asset, Net Carrying Value	3.3	15.6
Forward foreign exchange contracts \| Carrying Value \| Designated as Hedging Instrument \| Other long-term liabilities \| Cash Flow Hedging
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative liability, Net Carrying Value	(22.8)	(4.7)
Forward foreign exchange contracts \| Carrying Value \| Not Designated as Hedging Instrument
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative asset, net	28.7	22.3
Derivative liability, net	(28.9)	(25.1)
Forward foreign exchange contracts \| Carrying Value \| Not Designated as Hedging Instrument \| Other non-current assets
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative asset, gross asset	5.9	17.6
Derivative asset, gross liability	(3.3)	(15.6)
Derivative asset, Net Carrying Value	2.6	2.0
Forward foreign exchange contracts \| Carrying Value \| Not Designated as Hedging Instrument \| Other long-term liabilities
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Derivative liability, gross asset	22.8	4.7
Derivative liability, gross liability	(25.6)	(9.5)
Derivative liability, Net Carrying Value	(2.8)	$ (4.8)
Long
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Foreign exchange contracts	578.1
Short
Carrying Value, Balance Sheet Location By Contract Type, By Hedging Designation [Line Items]
Foreign exchange contracts	$ 491.0

Derivative Instruments and Hedging Activities - Income Statement (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 31, 2025	Aug. 25, 2024	Aug. 31, 2025	Aug. 25, 2024	Dec. 01, 2024
Amount of (Loss) Gain Recognized in AOCL (Effective Portion)
Cumulative income taxes, gain or (loss) recognized in AOCI	$ 30.0		$ 30.0		$ 9.8
Total, gain or (loss) recognized in AOCI	(80.2)		(80.2)		(9.0)
Amount of Gain (Loss) Reclassified from AOCI into Net Income
Cumulative income taxes, gain or (loss) reclassified from AOCI	0.0	$ 0.0	0.0	$ 0.0
Forward foreign exchange contracts
Amount of (Loss) Gain Recognized in AOCL (Effective Portion)
Forward foreign exchange contracts, gain or (loss) recognized in AOCI	(27.2)		(27.2)		10.2
Amount of Gain (Loss) Reclassified from AOCI into Net Income
Forward foreign exchange contracts, gain or (loss) reclassified from AOCI	5.1	(0.2)	6.1	(18.2)
Forward foreign exchange contracts
Amount of (Loss) Gain Recognized in AOCL (Effective Portion)
Forward foreign exchange contracts, gain or (loss) recognized in AOCI	4.6		4.6		4.6
Amount of Gain (Loss) Reclassified from AOCI into Net Income
Forward foreign exchange contracts, gain or (loss) reclassified from AOCI	0.0	0.0	0.0	0.0
Yen-denominated Eurobonds \| Bonds
Amount of (Loss) Gain Recognized in AOCL (Effective Portion)
Non-derivative hedging instruments-gain or (loss) recognized in AOCI	(19.8)		(19.8)		(19.8)
Amount of Gain (Loss) Reclassified from AOCI into Net Income
Non-derivative hedging instruments, gain or (loss) reclassified from AOCI	0.0	0.0	0.0	0.0
Euro Senior Notes \| Senior Notes
Amount of (Loss) Gain Recognized in AOCL (Effective Portion)
Non-derivative hedging instruments-gain or (loss) recognized in AOCI	(67.8)		(67.8)		$ (13.8)
Amount of Gain (Loss) Reclassified from AOCI into Net Income
Non-derivative hedging instruments, gain or (loss) reclassified from AOCI	$ 0.0	$ 0.0	$ 0.0	$ 0.0

Derivative Instruments and Hedging Activities - Realized & Unrealized (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 31, 2025	Aug. 25, 2024	Aug. 31, 2025	Aug. 25, 2024
Derivative Instruments, Gain (Loss) [Line Items]
Loss from cash flow hedges expected to be reclassified from AOCL into net income within the next 12 months	$ 26.5		$ 26.5
Revenues
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) on Cash Flow Hedge Activity	0.3	$ (1.2)	(2.3)	$ (4.0)
Cost of Goods Sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) on Cash Flow Hedge Activity	4.8	1.0	8.4	(14.2)
Forward foreign exchange contracts \| Other Income
Derivative Instruments, Gain (Loss) [Line Items]
Realized	10.6	(1.0)	39.8	8.3
Unrealized	0.4	(0.1)	1.2	(6.5)
Total	$ 11.0	$ (1.1)	$ 41.0	$ 1.8

Other Accrued Liabilities (Details) - USD ($) $ in Millions	Aug. 31, 2025	Dec. 01, 2024
Other Liabilities Disclosure [Abstract]
Accrued non-trade payables	$ 161.3	$ 188.9
Restructuring liabilities	64.7	69.8
Accrued income taxes	41.9	40.3
Accrued advertising and promotion	67.5	64.1
Accrual for Taxes Other than Income Taxes	67.0	69.0
Accrued property, plant and equipment	38.9	65.4
Fair value derivatives	25.5	9.5
Accrued interest payable	11.1	8.3
Accrued rent	14.3	9.2
Short-term debt	5.7	5.5
Other	161.6	142.1
Total other accrued liabilities	$ 659.5	$ 672.1

Debt - Summary (Details) - USD ($) $ in Millions	Aug. 31, 2025	Jul. 31, 2025	Dec. 01, 2024
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Long-term debt	$ 1,042.8		$ 994.0
Short-term debt	5.7		5.5
Total debt	$ 1,048.5		999.5
3.375% Senior Notes Due 2027 \| Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Stated interest rate	3.375%	3.375%
Long-term debt	$ 0.0		498.8
4.000% Senior Notes Due 2030 \| Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Stated interest rate	4.00%	4.00%
Long-term debt	$ 547.1		0.0
3.50% Senior Notes Due 2031 \| Senior Notes
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Stated interest rate	3.50%
Long-term debt	$ 495.7		495.2
Borrowings
Schedule of Long-term and Short-term Debt Instruments [Line Items]
Short-term debt	$ 5.7		$ 5.5

Debt - Narrative (Details) € in Millions	1 Months Ended	3 Months Ended		9 Months Ended
Debt - Narrative (Details) € in Millions	Jul. 31, 2025 EUR (€)	Aug. 31, 2025 USD ($)	Aug. 25, 2024	Aug. 31, 2025 USD ($)	Aug. 25, 2024	Dec. 01, 2024 USD ($)
Debt Instruments [Line Items]
Short-term debt		$ 5,700,000		$ 5,700,000		$ 5,500,000
Weighted-average interest rate		4.43%	3.97%	4.32%	3.98%
Senior revolving credit facility \| Line of Credit
Debt Instruments [Line Items]
Short-term debt		$ 0		$ 0
Senior revolving credit facility
Debt Instruments [Line Items]
Letter of credit limit		743,100,000		743,100,000
Total availability		762,100,000		762,100,000
Letters of credit and other credit usage		$ 19,000,000.0		$ 19,000,000.0
Senior Notes \| 4.000% Senior Notes Due 2030
Debt Instruments [Line Items]
Debt issued aggregate principal \| €	€ 475.0
Stated interest rate	4.00%	4.00%		4.00%
Debt covenant, default event, where notes become due and payable by holder of percentage of principal (at least)	25.00%
Redemption price, percentage	101.00%
Senior Notes \| 3.375% Senior Notes Due 2027
Debt Instruments [Line Items]
Stated interest rate	3.375%	3.375%		3.375%
Debt repurchased amount \| €	€ 475.0

Restructuring Activities - Narrative (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Aug. 31, 2025	Aug. 25, 2024	May 26, 2024	Aug. 31, 2025	Aug. 25, 2024	Jun. 01, 2025	Dec. 01, 2024	Nov. 26, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 8.6	$ 3.4		$ 22.1	$ 171.6
Restructuring reserve	81.7			81.7
Restructuring reserve recorded in other accrued liabilities	$ 64.7			64.7			$ 69.8
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, general and administrative expenses
Goodwill impairment				2.5	41.8
Impairments related to technology projects		11.1
Project Fuel
Restructuring Cost and Reserve [Line Items]
Restructuring initiative, period			2 years
Restructuring reserve	$ 81.7	124.7	$ 154.0	81.7	124.7	$ 86.7	104.4	$ 18.0
Restructuring reserve recorded in other accrued liabilities	64.7			64.7
Restructuring reserve recorded in long-term employee related benefits and other liabilities	17.0			17.0
Impairments related to technology projects		11.1
Project Fuel \| Severance and employee-related benefits
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	8.6	3.4		22.1	171.6
Restructuring reserve	62.9	102.2	$ 133.6	62.9	102.2	$ 58.6	$ 83.7	$ 17.8
Project Fuel \| Consulting Fees And Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net	$ 4.3	$ 19.0		$ 11.8	$ 34.3

Restructuring Activities - Restructuring Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 31, 2025	Aug. 25, 2024	Aug. 31, 2025	Aug. 25, 2024
Restructuring Reserve [Roll Forward]
Restructuring charges, net	$ 8.6	$ 3.4	$ 22.1	$ 171.6
Restructuring Reserve, Ending Balance	81.7		81.7
Stock-based compensation and dividends, net	23.6	12.5	67.8	48.0
Gain on sale of assets			8.5	0.0
Project Fuel
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	86.7	154.0	104.4	18.0
Restructuring charges, net	13.4	3.4	28.7	171.9
Payments	(20.2)	(35.5)	(59.8)	(68.7)
Foreign Currency Fluctuations	1.8	2.8	8.4	3.5
Restructuring Reserve, Ending Balance	81.7	124.7	81.7	124.7
Stock-based compensation and dividends, net	4.0	2.0	5.3
Asset impairment charges			9.2
Gain on sale of assets			9.3
Loss related to termination of operating leases		0.8
Project Fuel \| Dockers \| Discontinued Operations, Held-for-Sale
Restructuring Reserve [Roll Forward]
Restructuring charges, net	8.6
Restructuring charges, net		3.1	11.8
Project Fuel \| Severance and employee-related benefits
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	58.6	133.6	83.7	17.8
Restructuring charges, net	13.5	2.5	25.1	148.5
Payments	(10.7)	(35.2)	(49.7)	(66.2)
Foreign Currency Fluctuations	1.5	1.3	3.8	2.1
Restructuring Reserve, Ending Balance	62.9	102.2	62.9	102.2
Project Fuel \| Contract termination costs and other
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Beginning Balance	28.1	20.4	20.7	0.2
Restructuring charges, net	(0.1)	0.9	3.6	23.4
Payments	(9.5)	(0.3)	(10.1)	(2.5)
Foreign Currency Fluctuations	0.3	1.5	4.6	1.4
Restructuring Reserve, Ending Balance	$ 18.8	$ 22.5	$ 18.8	$ 22.5

Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended						9 Months Ended
	Oct. 09, 2025	Aug. 31, 2025	Jun. 01, 2025	Mar. 02, 2025	Aug. 25, 2024	May 26, 2024	Feb. 25, 2024	Aug. 31, 2025	Aug. 25, 2024
Class of Stock [Line Items]
Cash dividends declared (in dollars per share)		$ 0.14	$ 0.13	$ 0.13	$ 0.13	$ 0.12	$ 0.12	$ 0.40	$ 0.37
Dividend to stockholders		$ 55.4			$ 51.5			$ 158.2	$ 147.1
Subsequent Event
Class of Stock [Line Items]
Dividend, fix amount (in dollars per share)	$ 0.14
Dividends, common stock	$ 55.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 6: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483014/272-10-45-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482987/272-10-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
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-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

+ Details

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 31, 2025	Aug. 25, 2024	Aug. 31, 2025	Aug. 25, 2024
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other comprehensive (loss) income before reclassifications	$ 10.8	$ (46.3)	$ 29.7	$ (52.5)
Amounts reclassified from accumulated other comprehensive loss	(3.0)	2.5	(0.5)	24.9
Net increase (decrease) in other comprehensive (loss) income	7.8	(43.8)	29.2	(27.6)
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive (loss) income at beginning period	(413.1)	(374.7)	(434.5)	(390.9)
Accumulated other comprehensive (loss) income at ending period	(405.3)	(418.5)	(405.3)	(418.5)
Pension and Postretirement Benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive (loss) income at beginning period	(138.4)	(150.2)	(141.2)	(153.2)
Other comprehensive (loss) income before reclassifications	(0.5)	(0.4)	(1.2)	(1.8)
Amounts reclassified from accumulated other comprehensive loss	2.1	2.3	5.6	6.7
Net increase (decrease) in other comprehensive (loss) income	1.6	1.9	4.4	4.9
Accumulated other comprehensive (loss) income at ending period	(136.8)	(148.3)	(136.8)	(148.3)
Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive (loss) income at beginning period	(59.7)	(27.2)	(9.0)	(42.0)
Other comprehensive (loss) income before reclassifications	(15.4)	(11.0)	(65.1)	(14.2)
Amounts reclassified from accumulated other comprehensive loss	(5.1)	0.2	(6.1)	18.2
Net increase (decrease) in other comprehensive (loss) income	(20.5)	(10.8)	(71.2)	4.0
Accumulated other comprehensive (loss) income at ending period	(80.2)	(38.0)	(80.2)	(38.0)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive (loss) income at beginning period	(215.0)	(197.3)	(284.3)	(195.7)
Other comprehensive (loss) income before reclassifications	26.5	(34.9)	95.8	(36.5)
Amounts reclassified from accumulated other comprehensive loss	0.0	0.0	0.0	0.0
Net increase (decrease) in other comprehensive (loss) income	26.5	(34.9)	95.8	(36.5)
Accumulated other comprehensive (loss) income at ending period	(188.5)	$ (232.2)	(188.5)	$ (232.2)
Unrealized Gain (Loss) on Marketable Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive (loss) income at beginning period	0.0		0.0
Other comprehensive (loss) income before reclassifications	0.2		0.2
Amounts reclassified from accumulated other comprehensive loss	0.0		0.0
Net increase (decrease) in other comprehensive (loss) income	0.2		0.2
Accumulated other comprehensive (loss) income at ending period	$ 0.2		$ 0.2

Net Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 31, 2025	Aug. 25, 2024	Aug. 31, 2025	Aug. 25, 2024
Disaggregation of Revenue [Line Items]
Net revenues	$ 1,543.4	$ 1,443.1	$ 4,516.2	$ 4,282.1
Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	832.2	804.1	2,301.4	2,273.3
Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	711.2	639.0	2,214.8	2,008.8
Americas
Disaggregation of Revenue [Line Items]
Net revenues	806.4	757.2	2,337.8	2,205.2
Americas \| Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	472.7	450.4	1,338.3	1,289.9
Americas \| Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	333.7	306.8	999.5	915.3
Europe
Disaggregation of Revenue [Line Items]
Net revenues	426.3	406.6	1,229.9	1,183.8
Europe \| Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	213.3	215.2	561.9	574.8
Europe \| Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	213.0	191.4	668.0	609.0
Asia
Disaggregation of Revenue [Line Items]
Net revenues	277.7	247.1	843.5	795.9
Asia \| Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	134.7	123.8	365.2	368.3
Asia \| Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	143.0	123.3	478.3	427.6
Beyond Yoga®
Disaggregation of Revenue [Line Items]
Net revenues	33.0	32.2	105.0	97.2
Beyond Yoga® \| Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	11.5	14.7	36.0	40.3
Beyond Yoga® \| Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	$ 21.5	$ 17.5	$ 69.0	$ 56.9

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Aug. 31, 2025	Aug. 25, 2024	Aug. 31, 2025	Aug. 25, 2024
Income Tax Disclosure [Abstract]
Effective income tax rate	21.90%	(1.90%)	21.50%	(39.30%)
Tax benefit related to favorable resolution of state audit			$ 10.1

Earnings Per Share - Schedule of Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Aug. 31, 2025	Aug. 25, 2024	Aug. 31, 2025	Aug. 25, 2024
Numerator:
Net income from continuing operations	$ 122.0	$ 22.7	$ 341.8	$ 30.0
Net income (loss) from discontinued operations, net of taxes	96.1	(2.0)	78.3	(2.0)
Net income	$ 218.1	$ 20.7	$ 420.1	$ 28.0
Denominator:
Weighted-average common shares outstanding - basic (in shares)	395,659,040	398,187,049	396,578,375	398,642,455
Dilutive effect of stock awards (in shares)	3,870,609	4,211,015	3,822,958	4,206,224
Weighted-average common shares outstanding - diluted (in shares)	399,529,649	402,398,064	400,401,333	402,848,679
Earnings (loss) per common share:
Continuing operations - Basic (usd per share)	$ 0.31	$ 0.06	$ 0.87	$ 0.08
Discontinued operations - Basic (usd per share)	0.24	(0.01)	0.19	(0.01)
Net income - Basic (usd per share)	0.55	0.05	1.06	0.07
Continuing operations - Diluted (usd per share)	0.31	0.06	0.86	0.07
Discontinued operations - Diluted (usd per share)	0.24	(0.01)	0.19	0
Net income - Diluted (usd per share)	$ 0.55	$ 0.05	$ 1.05	$ 0.07
Anti-dilutive securities excluded from calculation of diluted earnings per share attributable to common stockholders (in shares)	3,691,474	2,609,700	3,953,446	4,171,552

Related Parties (Details) - Levi Strauss Foundation - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 31, 2025	Aug. 25, 2024	Aug. 31, 2025	Aug. 25, 2024
Related Party Transaction [Line Items]
Related party donations	$ 0.4	$ 0.4	$ 5.3	$ 5.7
Expenses related to donation commitments	$ 5.9	$ 2.2	$ 9.1	$ 6.4

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Business Segment Information (Details) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
Business Segment Information (Details) $ in Millions	Aug. 31, 2025 USD ($)	Aug. 25, 2024 USD ($)	Aug. 31, 2025 USD ($) segment	Aug. 25, 2024 USD ($)	Dec. 01, 2024 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segment			3
Net revenues	$ 1,543.4	$ 1,443.1	$ 4,516.2	$ 4,282.1
Operating Income (loss)	167.4	32.7	467.0	54.2
Restructuring charges, net	(8.6)	(3.4)	(22.1)	(171.6)
Goodwill and other intangible asset impairment charges	0.0	(111.4)	(2.5)	(116.9)
Interest expense	(12.5)	(10.1)	(35.2)	(30.4)
Other income (expense), net	1.3	(0.4)	3.5	(2.3)
Income from continuing operations before income taxes	156.2	22.2	435.3	21.5
Goodwill impairment			2.5	41.8
Insurance recovery	1.1	2.7	1.1	2.7
Government subsidy gain		(1.4)		(1.4)
Customer Relationships
Segment Reporting Information [Line Items]
Impairment of finite-lived intangible assets					$ 9.1
Beyond Yoga
Segment Reporting Information [Line Items]
Goodwill and other intangible asset impairment charges				(111.4)
Goodwill impairment		36.3		36.3
Trademarks \| Beyond Yoga
Segment Reporting Information [Line Items]
Impairment of intangible assets, indefinite-lived (excluding goodwill)					$ 66.0
Dockers \| Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations
Segment Reporting Information [Line Items]
Corporate expenses		(3.1)
Corporate expense reclassed to SG&A within discontinued operations		3.1
Footwear Business
Segment Reporting Information [Line Items]
Goodwill impairment				5.5
Operating Segments
Segment Reporting Information [Line Items]
Net revenues	1,510.4	1,410.9	4,411.2	4,184.9
Operating Income (loss)	313.7	285.6	896.0	783.7
Segment Reconciling Items \| Beyond Yoga
Segment Reporting Information [Line Items]
Net revenues	33.0	32.2	105.0	97.2
Operating Income (loss)	(4.8)	(5.8)	(12.3)	(9.6)
Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Corporate expenses	(132.9)	(132.3)	(392.1)	(431.4)
Corporate expense reclassed to SG&A within discontinued operations	132.9	132.3	392.1	431.4
Americas
Segment Reporting Information [Line Items]
Net revenues	806.4	757.2	2,337.8	2,205.2
Goodwill impairment			2.5	0.0
Americas \| Operating Segments
Segment Reporting Information [Line Items]
Net revenues	806.4	757.2	2,337.8	2,205.2
Operating Income (loss)	189.3	173.9	512.3	432.8
Europe
Segment Reporting Information [Line Items]
Net revenues	426.3	406.6	1,229.9	1,183.8
Goodwill impairment			0.0	5.5
Europe \| Operating Segments
Segment Reporting Information [Line Items]
Net revenues	426.3	406.6	1,229.9	1,183.8
Operating Income (loss)	91.0	83.2	262.8	239.9
Asia
Segment Reporting Information [Line Items]
Net revenues	277.7	247.1	843.5	795.9
Goodwill impairment			0.0	0.0
Asia \| Operating Segments
Segment Reporting Information [Line Items]
Net revenues	277.7	247.1	843.5	795.9
Operating Income (loss)	$ 33.4	$ 28.5	$ 120.9	$ 111.0

Other (Expense) Income, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Aug. 31, 2025	Aug. 25, 2024	Aug. 31, 2025	Aug. 25, 2024
Other Income and Expenses [Abstract]
Foreign exchange management gains (losses)	$ 11.0	$ (1.1)	$ 41.0	$ 1.8
Foreign currency transaction (losses) gains	(11.1)	(5.8)	(48.6)	(11.2)
Other, net	1.4	6.5	11.1	7.1
Total other income (expense), net	$ 1.3	$ (0.4)	$ 3.5	$ (2.3)