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)

6 Months Ended

Jul. 04, 2015

Amortizable 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

Indefinite-lived 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

Estimated Amortization Expense

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