| Business Segment Information |
Note K – Business Segment Information
VF’s businesses are grouped into product categories, and by
brands within those product categories, for internal financial
reporting used by management. These groupings of businesses within
VF are referred to as “coalitions” and are the basis
for VF’s reportable segments. Financial information for
VF’s reportable segments is as follows:
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Three Months Ended September
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Nine Months Ended September
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| In thousands |
|
2015 |
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2014 |
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2015 |
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2014 |
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Coalition revenues:
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Outdoor & Action Sports
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$ |
2,296,551 |
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$ |
2,180,879 |
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$ |
5,299,784 |
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$ |
5,034,670 |
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Jeanswear
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747,869 |
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750,446 |
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2,055,725 |
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2,046,614 |
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Imagewear
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291,540 |
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292,531 |
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823,224 |
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805,733 |
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Sportswear
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161,697 |
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163,442 |
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439,545 |
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435,049 |
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Contemporary Brands
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83,194 |
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99,382 |
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257,605 |
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293,737 |
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Other
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31,969 |
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33,767 |
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88,098 |
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87,498 |
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Total coalition revenues
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$ |
3,612,820 |
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$ |
3,520,447 |
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$ |
8,963,981 |
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$ |
8,703,301 |
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Coalition profit:
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Outdoor & Action Sports
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$ |
487,929 |
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$ |
475,444 |
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$ |
883,674 |
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$ |
880,618 |
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Jeanswear
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158,603 |
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156,998 |
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395,103 |
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386,401 |
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Imagewear
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41,830 |
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42,855 |
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118,627 |
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115,944 |
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Sportswear
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23,194 |
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22,979 |
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50,468 |
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45,801 |
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Contemporary Brands
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|
585 |
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4,869 |
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5,265 |
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21,611 |
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Other
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|
354 |
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1,193 |
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15,478 |
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(1,997 |
) |
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Total coalition profit
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712,495 |
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704,338 |
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1,468,615 |
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1,448,378 |
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Corporate and other expenses
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(70,847 |
) |
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(72,865 |
) |
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(204,607 |
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(196,507 |
) |
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Interest expense, net
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(20,818 |
) |
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(20,703 |
) |
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(61,697 |
) |
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(59,828 |
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Income before income taxes
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$ |
620,830 |
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$ |
610,770 |
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$ |
1,202,311 |
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$ |
1,192,043 |
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