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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||||
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Jan. 03, 2015
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Dec. 28, 2013
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Dec. 29, 2012
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| Operating activities | ||||||
| Net income | $ 1,047,505us-gaap_ProfitLoss | $ 1,210,119us-gaap_ProfitLoss | $ 1,086,138us-gaap_ProfitLoss | |||
| Adjustments to reconcile net income to cash provided by operating activities: | ||||||
| Impairment of goodwill and intangible assets | 396,362us-gaap_GoodwillAndIntangibleAssetImpairment | [1] | ||||
| Depreciation | 172,443us-gaap_Depreciation | 157,810us-gaap_Depreciation | 148,969us-gaap_Depreciation | |||
| Amortization of intangible assets | 42,061us-gaap_AmortizationOfIntangibleAssets | 45,787us-gaap_AmortizationOfIntangibleAssets | 47,929us-gaap_AmortizationOfIntangibleAssets | |||
| Other amortization | 60,379us-gaap_OtherAmortizationOfDeferredCharges | 49,676us-gaap_OtherAmortizationOfDeferredCharges | 41,058us-gaap_OtherAmortizationOfDeferredCharges | |||
| Stock-based compensation | 104,313us-gaap_ShareBasedCompensation | 87,118us-gaap_ShareBasedCompensation | 92,814us-gaap_ShareBasedCompensation | |||
| Provision for doubtful accounts | (2,198)us-gaap_ProvisionForDoubtfulAccounts | 15,756us-gaap_ProvisionForDoubtfulAccounts | 19,264us-gaap_ProvisionForDoubtfulAccounts | |||
| Pension expense less than contributions | (9,864)vfc_PensionExpenseAndPensionContributions | (28,102)vfc_PensionExpenseAndPensionContributions | (20,198)vfc_PensionExpenseAndPensionContributions | |||
| Deferred income taxes | (78,064)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes | (12,370)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes | (20,797)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes | |||
| Gain on sale of businesses | (44,485)us-gaap_GainLossOnSaleOfBusiness | |||||
| Other, net | 4,112us-gaap_OtherNoncashIncomeExpense | 14,306us-gaap_OtherNoncashIncomeExpense | (40,931)us-gaap_OtherNoncashIncomeExpense | |||
| Changes in operating assets and liabilities, net of purchases and sales of businesses: | ||||||
| Accounts receivable | 854us-gaap_IncreaseDecreaseInAccountsReceivable | (155,053)us-gaap_IncreaseDecreaseInAccountsReceivable | (111,571)us-gaap_IncreaseDecreaseInAccountsReceivable | |||
| Inventories | (130,540)us-gaap_IncreaseDecreaseInInventories | (47,240)us-gaap_IncreaseDecreaseInInventories | 87,620us-gaap_IncreaseDecreaseInInventories | |||
| Accounts payable | 69,807us-gaap_IncreaseDecreaseInAccountsPayableTrade | 75,073us-gaap_IncreaseDecreaseInAccountsPayableTrade | (74,294)us-gaap_IncreaseDecreaseInAccountsPayableTrade | |||
| Income taxes | (44,144)us-gaap_IncreaseDecreaseInIncomeTaxes | 16,628us-gaap_IncreaseDecreaseInIncomeTaxes | 26,213us-gaap_IncreaseDecreaseInIncomeTaxes | |||
| Accrued liabilities | 41,989us-gaap_IncreaseDecreaseInOtherAccruedLiabilities | 84,472us-gaap_IncreaseDecreaseInOtherAccruedLiabilities | (35,912)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities | |||
| Other assets and liabilities | 22,614us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet | (7,939)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet | 73,183us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet | |||
| Cash provided by operating activities | 1,697,629us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 1,506,041us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 1,275,000us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | |||
| Investing activities | ||||||
| Capital expenditures | (234,077)us-gaap_PaymentsForCapitalImprovements | (271,153)us-gaap_PaymentsForCapitalImprovements | (251,940)us-gaap_PaymentsForCapitalImprovements | |||
| Business acquisitions, net of cash acquired | (1,750)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | |||||
| Proceeds from sale of businesses | 72,519us-gaap_ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets | |||||
| Software purchases | (67,943)us-gaap_PaymentsToAcquireSoftware | (53,989)us-gaap_PaymentsToAcquireSoftware | (30,890)us-gaap_PaymentsToAcquireSoftware | |||
| Other, net | (27,235)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | (25,131)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | (8,230)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | |||
| Cash used by investing activities | (329,255)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (350,273)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (220,291)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | |||
| Financing activities | ||||||
| Net increase (decrease) in short-term borrowings | 4,761us-gaap_ProceedsFromRepaymentsOfShortTermDebt | 9,032us-gaap_ProceedsFromRepaymentsOfShortTermDebt | (269,010)us-gaap_ProceedsFromRepaymentsOfShortTermDebt | |||
| Payments on long-term debt | (4,760)us-gaap_RepaymentsOfLongTermDebt | (404,872)us-gaap_RepaymentsOfLongTermDebt | (2,776)us-gaap_RepaymentsOfLongTermDebt | |||
| Purchases of treasury stock | (727,795)us-gaap_PaymentsForRepurchaseOfCommonStock | (282,024)us-gaap_PaymentsForRepurchaseOfCommonStock | (307,282)us-gaap_PaymentsForRepurchaseOfCommonStock | |||
| Cash dividends paid | (478,933)us-gaap_PaymentsOfDividendsCommonStock | (402,136)us-gaap_PaymentsOfDividendsCommonStock | (333,229)us-gaap_PaymentsOfDividendsCommonStock | |||
| Proceeds from issuance of Common Stock, net of shares withheld for taxes | 34,869vfc_PaymentsRelatedToTaxWithholdingForSharebasedCompensationAndProceedsFromIssuanceOfSharesUnderIncentiveAndSharebasedCompensationPlansIncludingStockOptions | 48,029vfc_PaymentsRelatedToTaxWithholdingForSharebasedCompensationAndProceedsFromIssuanceOfSharesUnderIncentiveAndSharebasedCompensationPlansIncludingStockOptions | 62,770vfc_PaymentsRelatedToTaxWithholdingForSharebasedCompensationAndProceedsFromIssuanceOfSharesUnderIncentiveAndSharebasedCompensationPlansIncludingStockOptions | |||
| Tax benefits of stock-based compensation | 64,437us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 48,140us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 47,213us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | |||
| Other, net | (201)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | |||||
| Cash used by financing activities | (1,107,421)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (983,831)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (802,515)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | |||
| Effect of foreign currency rate changes on cash and equivalents | (65,461)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 7,005us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 4,039us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | |||
| Net change in cash and equivalents | 195,492us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 178,942us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 256,233us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | |||
| Cash and equivalents - beginning of year | 776,403us-gaap_CashAndCashEquivalentsAtCarryingValue | 597,461us-gaap_CashAndCashEquivalentsAtCarryingValue | 341,228us-gaap_CashAndCashEquivalentsAtCarryingValue | |||
| Cash and equivalents - end of year | $ 971,895us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 776,403us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 597,461us-gaap_CashAndCashEquivalentsAtCarryingValue | |||
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Gain (loss) from sale or disposal of an organization or integrated set of activities (for example, but not limited to, a partnership or corporation) engaged in providing a product or service in a commercial, industrial, or professional environment. No definition available.
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| X | ||||||||||
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- Definition
Total loss recognized during the period from the impairment of goodwill plus the loss recognized in the period resulting from the impairment of the carrying amount of intangible assets, other than goodwill. No definition available.
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| X | ||||||||||
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- Definition
Change in recurring obligations of a business that arise from the acquisition of merchandise, materials, supplies and services used in the production and sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to taxing authorities for taxes that are based on the reporting entity's earnings, net of amounts receivable from taxing authorities for refunds of overpayments or recoveries of income taxes, and in deferred and other tax liabilities and assets. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of amortization of other deferred costs recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for acquisition of or capital improvements to properties held for investment (operating, managed, leased) or for use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition from vendors of software programs or applications for internal use (that is, not to be sold, leased or otherwise marketed to others) that qualify for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate cash proceeds received from a combination of transactions in which noncurrent assets are sold, which may include the sale of a business, an investment in an affiliate (including an equity method investee), property, plant and equipment and intangible assets. Excludes sales of trading, available-for-sale, and held-to-maturity securities. No definition available.
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The total cash inflow associated with the amount received from holders to acquire the entity's shares under incentive and share awards, including stock option exercises net of amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. No definition available.
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| X | ||||||||||
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- Definition
The amount of pension benefit costs recognized during the period for defined benefit plans including the following components: service cost, interest cost, expected return on plan assets, gain (loss) on plan assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. Less the amount of cash or cash equivalents contributed by the entity to fund its pension plans. No definition available.
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