VF Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

6 Months Ended

Jun. 28, 2014

Note E – Intangible Assets


	Weighted		June 2014						December 2013
	Average						Net		Net
	Amortization				Accumulated		Carrying		Carrying
Dollars in thousands	Period	Amortization methods	Cost		Amortization		Amount		Amount
Amortizable intangible assets:
Customer relationships	20 years	Accelerated	$	625,359	$	223,934	$	401,425	$	417,439
License agreements	24 years	Accelerated and straight-line		184,171		82,369		101,802		107,789
Other	8 years	Straight-line		15,796		11,556		4,240		6,524

Amortizable intangible assets, net								507,467		531,752

Indefinite-lived intangible assets:
Trademarks and trade names								2,413,868		2,428,449

Intangible assets, net							$	2,921,335	$	2,960,201

Amortization expense for the second quarter and first six months of 2014 was $11.2 million and $22.5 million, respectively. Estimated amortization expense for the next five years is:


In millions Year	Estimated Amortization Expense
2014	$	44.7
2015		41.8
2016		40.5
2017		39.3
2018		38.7