| Business Segment Information |
Note K – Business Segment Information
VF’s businesses are grouped into product categories, and by
brands within those product categories, for internal financial
reporting used by management. These groupings of businesses within
VF are referred to as “coalitions” and are the basis
for VF’s reportable segments. Financial information for
VF’s reportable segments is as follows:
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Three Months Ended June |
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Six Months Ended June |
|
| In thousands |
|
2014 |
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|
2013 |
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|
2014 |
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|
2013 |
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Coalition revenues:
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|
|
|
|
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Outdoor & Action Sports
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|
$ |
1,279,144 |
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|
$ |
1,103,608 |
|
|
$ |
2,853,791 |
|
|
$ |
2,487,882 |
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|
Jeanswear
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|
|
605,838 |
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|
|
611,749 |
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|
|
1,296,168 |
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|
|
1,329,678 |
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Imagewear
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|
|
249,963 |
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|
|
241,827 |
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|
|
513,202 |
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|
|
494,584 |
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Sportswear
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|
|
140,102 |
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|
|
133,478 |
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|
|
271,607 |
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|
261,711 |
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Contemporary Brands
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|
|
96,186 |
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|
|
98,614 |
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|
|
194,355 |
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|
202,341 |
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Other
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|
|
30,843 |
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|
31,135 |
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|
|
53,731 |
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|
56,084 |
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Total coalition revenues
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|
$ |
2,402,076 |
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|
$ |
2,220,411 |
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|
$ |
5,182,854 |
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|
$ |
4,832,280 |
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Coalition profit:
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|
|
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|
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|
|
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Outdoor & Action Sports
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|
$ |
130,684 |
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|
$ |
100,458 |
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|
$ |
405,174 |
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|
$ |
326,960 |
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Jeanswear
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|
|
100,137 |
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|
108,874 |
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|
229,403 |
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|
252,217 |
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Imagewear
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|
35,317 |
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|
35,059 |
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|
|
73,089 |
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|
|
66,645 |
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Sportswear
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|
|
10,267 |
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|
|
16,278 |
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|
|
22,822 |
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|
28,494 |
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Contemporary Brands
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|
|
8,840 |
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|
|
7,878 |
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|
16,742 |
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|
20,454 |
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Other
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|
|
(74 |
) |
|
|
509 |
|
|
|
(3,190 |
) |
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|
(2,148 |
) |
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Total coalition profit
|
|
|
285,171 |
|
|
|
269,056 |
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|
|
744,040 |
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|
692,622 |
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Corporate and other expenses
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|
|
(65,871 |
) |
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|
(69,234 |
) |
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|
(123,642 |
) |
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|
(134,033 |
) |
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Interest expense, net
|
|
|
(19,819 |
) |
|
|
(20,719 |
) |
|
|
(39,125 |
) |
|
|
(41,237 |
) |
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Income before income taxes
|
|
$ |
199,481 |
|
|
$ |
179,103 |
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|
$ |
581,273 |
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$ |
517,352 |
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