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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

Intangible Assets (Tables)

6 Months Ended

Jun. 28, 2014

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

Estimated Amortization Expense

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