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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

3 Months Ended

Apr. 04, 2015

Note E – Intangible Assets


	Weighted			March 2015						December 2014
	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	$	569,440	$	345,935	$	223,505	$	241,811
License agreements		24 years	Accelerated and straight-line		179,692		86,728		92,964		96,736
Other		11 years	Straight-line		5,683		1,811		3,872		4,363

Amortizable intangible assets, net									320,341		342,910

Indefinite-lived intangible assets:
Trademarks and trade names									1,971,164		2,090,642

Intangible assets, net								$	2,291,505	$	2,433,552

Amortization expense for the first quarter of 2015 was $7.7 million. Based on existing levels of amortizable intangible assets noted above, estimated amortization expense for the next five years is:


Year	Estimated Amortization Expense
	In millions
2015	$	29.5
2016		28.0
2017		27.0
2018		26.4
2019		25.8