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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

9 Months Ended

Sep. 27, 2014

Note E – Intangible Assets


	Weighted Average Amortization Period		September 2014						December 2013
Dollars in thousands	Weighted Average Amortization Period	Amortization Methods	Cost		Accumulated Amortization		Net Carrying Amount		Net Carrying Amount
Amortizable intangible assets:
Customer relationships	20 years	Accelerated	$	607,488	$	229,554	$	377,934	$	417,439
License agreements	24 years	Accelerated and straight-line		183,496		84,262		99,234		107,789
Other	9 years	Straight-line		13,111		8,165		4,946		6,524

Amortizable intangible assets, net							$	482,114		531,752

Indefinite-lived intangible assets:
Trademarks and trade names								2,303,537		2,428,449

Intangible assets, net							$	2,785,651	$	2,960,201

Amortization expense for the third quarter and first nine months of 2014 was $11.2 million and $33.7 million, respectively. Based on existing levels of amortizable intangible assets noted above, estimated amortization expense for the next five years is:


In millions Year	Estimated Amortization Expense
2014	$	44.6
2015		41.8
2016		40.5
2017		39.3
2018		38.7