| 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 September
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Nine Months Ended September
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| 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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Outdoor & Action Sports
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$ |
2,180,879 |
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$ |
1,971,963 |
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$ |
5,034,670 |
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$ |
4,459,845 |
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Jeanswear
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|
750,446 |
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|
747,241 |
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2,046,614 |
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|
2,076,919 |
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Imagewear
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292,531 |
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284,480 |
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|
805,733 |
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|
779,064 |
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Sportswear
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163,442 |
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155,208 |
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435,049 |
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416,919 |
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Contemporary Brands
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99,382 |
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104,998 |
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293,737 |
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307,339 |
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Other
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33,767 |
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33,379 |
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87,498 |
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89,463 |
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Total coalition revenues
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$ |
3,520,447 |
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$ |
3,297,269 |
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$ |
8,703,301 |
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$ |
8,129,549 |
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Coalition profit:
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Outdoor & Action Sports
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$ |
475,444 |
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$ |
421,177 |
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$ |
880,618 |
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$ |
748,137 |
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Jeanswear
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156,998 |
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158,334 |
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386,401 |
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410,551 |
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Imagewear
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42,855 |
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40,698 |
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|
115,944 |
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|
107,343 |
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Sportswear
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22,979 |
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23,987 |
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45,801 |
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52,481 |
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Contemporary Brands
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4,869 |
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9,456 |
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21,611 |
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29,910 |
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Other
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1,193 |
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(47 |
) |
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(1,997 |
) |
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(2,195 |
) |
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Total coalition profit
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704,338 |
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653,605 |
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1,448,378 |
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1,346,227 |
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Corporate and other expenses
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(72,865 |
) |
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(75,152 |
) |
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(196,507 |
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(209,185 |
) |
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Interest expense, net
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(20,703 |
) |
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(19,987 |
) |
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(59,828 |
) |
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(61,224 |
) |
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Income before income taxes
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$ |
610,770 |
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$ |
558,466 |
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$ |
1,192,043 |
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$ |
1,075,818 |
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