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)

3 Months Ended

Apr. 04, 2015

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

Estimated Amortization Expense

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