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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

6 Months Ended

Jul. 04, 2015

Note E – Intangible Assets


	Weighted		June 2015						December 2014
Dollars in thousands	Average Amortization Period	Amortization Methods	Cost		Accumulated Amortization		Net Carrying Amount		Net Carrying Amount
Amortizable intangible assets:
Customer relationships	20 years	Accelerated	$	571,090	$	351,553	$	219,537	$	241,811
License agreements	24 years	Accelerated and straight-line		179,785		88,818		90,967		96,736
Other	11 years	Straight-line		5,728		1,951		3,777		4,363

Amortizable intangible assets, net								314,281		342,910

Indefinite-lived intangible assets:
Trademarks and trade names								1,981,919		2,090,642

Intangible assets, net							$	2,296,200	$	2,433,552

Amortization expense for the second quarter and first six months of 2015 was $7.5 million and $15.2 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years is:


Year	Estimated Amortization Expense
	In millions

2015	$	29.9
2016		28.3
2017		27.2
2018		26.6
2019		26.0