v3.24.3
Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Aug. 25, 2024
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 25, 2024 and August 27, 2023 were as follows:
Nine Months Ended August 25, 2024
AmericasEuropeAsia
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.
Nine Months Ended August 27, 2023
AmericasEuropeAsia
Other Brands(1)
Total
(Dollars in millions)
Balance, November 27, 2022
Goodwill
$229.5 $21.3 $2.9 $123.6 $377.3 
Accumulated impairment losses
— (11.6)— — (11.6)
229.5 9.7 2.9 123.6 365.7 
Impairment losses(2)
— — — (75.4)(75.4)
Goodwill acquired during the year
1.1 7.3 — — 8.4 
Foreign currency fluctuation1.7 0.4 (0.1)— 2.0 
Balance, August 27, 2023
Goodwill
232.3 29.0 2.8 123.6 387.7 
Accumulated impairment losses
— (11.6)— (75.4)(87.0)
$232.3 $17.4 $2.8 $48.2 $300.7 
_____________
(1)Comprised of the Beyond Yoga® reporting unit goodwill only.
(2)For the nine months ended August 27, 2023 the company recorded a Beyond Yoga® goodwill noncash impairment charge of $75.4 million.
Finite-lived intangible assets
Other intangible assets, net, were as follows:
August 25, 2024November 26, 2023
Gross
Carrying
Value		Accumulated
Amortization		TotalGross
Carrying
Value		Accumulated
Amortization		Total
(Dollars in millions)
Non-amortized intangible assets:
Trademarks(1)
$177.9 $— $177.9 $243.9 $— $243.9 
Amortized intangible assets:
Customer relationships and other(2)
38.8 (18.3)20.5 38.3 (14.6)23.7 
Total$216.7 $(18.3)$198.4 $282.2 $(14.6)$267.6 
_____________
(1)For the nine months ended August 25, 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.
For the nine months ended August 27, 2023 the Company recorded a Beyond Yoga® trademark noncash impairment charge of $14.8 million based on a Level 3 fair value of $201.1 million.
(2)For the nine months ended August 25, 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
Other intangible assets, net, were as follows:
August 25, 2024November 26, 2023
Gross
Carrying
Value		Accumulated
Amortization		TotalGross
Carrying
Value		Accumulated
Amortization		Total
(Dollars in millions)
Non-amortized intangible assets:
Trademarks(1)
$177.9 $— $177.9 $243.9 $— $243.9 
Amortized intangible assets:
Customer relationships and other(2)
38.8 (18.3)20.5 38.3 (14.6)23.7 
Total$216.7 $(18.3)$198.4 $282.2 $(14.6)$267.6 
_____________
(1)For the nine months ended August 25, 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.
For the nine months ended August 27, 2023 the Company recorded a Beyond Yoga® trademark noncash impairment charge of $14.8 million based on a Level 3 fair value of $201.1 million.
(2)For the nine months ended August 25, 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.