Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.3.1.900
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jan. 02, 2016
Impact of Adopting New Accounting Guidance on Classification of Debt Issuance Costs and Deferred Income Taxes

The impact of adopting the new accounting guidance on classification of debt issuance costs and deferred income taxes on VF’s 2014 Consolidated Balance Sheet is as follows:

 

Balance Sheet Line Item

    2014 Consolidated
Balance Sheet
(As Previously
Reported)		      Reclassification of
Debt Issuance
Costs Increase/
(Decrease) 		     Reclassification of
Deferred Income
Taxes Increase/
(Decrease) 		     2014 Consolidated
Balance Sheet
(Reclassified)		  
     In thousands  

Deferred income taxes

    $ 154,285       $ —       $ (154,285 )     $ —   

Other assets

      593,597         (9,734 )       29,179         613,042   

Accrued liabilities

      903,602         —         (6,176 )       897,426   

Long-term debt

      1,423,581         (9,734 )       —         1,413,847   

Other liabilities

      1,305,436         —         (118,930 )       1,186,506