| Financial Information for 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 |
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2016 |
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2015 |
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2016 |
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2015 |
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Coalition revenues:
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Outdoor & Action Sports
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$ |
2,335,993 |
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$ |
2,296,551 |
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$ |
5,399,916 |
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$ |
5,299,784 |
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Jeanswear
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701,416 |
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747,869 |
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2,041,186 |
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2,055,725 |
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Imagewear
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281,542 |
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291,540 |
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805,892 |
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823,224 |
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Sportswear
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140,705 |
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161,697 |
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373,977 |
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439,545 |
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Other
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28,570 |
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31,969 |
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77,458 |
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88,098 |
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Total coalition revenues
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$ |
3,488,226 |
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$ |
3,529,626 |
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$ |
8,698,429 |
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$ |
8,706,376 |
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Coalition profit:
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Outdoor & Action Sports
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$ |
490,470 |
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$ |
487,929 |
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$ |
841,413 |
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$ |
883,674 |
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Jeanswear
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142,427 |
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158,603 |
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388,564 |
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395,103 |
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Imagewear
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46,634 |
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41,830 |
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124,546 |
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118,627 |
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Sportswear
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15,080 |
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23,194 |
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26,156 |
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50,468 |
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Other (a)
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(272 |
) |
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354 |
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(3,134 |
) |
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15,478 |
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Total coalition profit
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694,339 |
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711,910 |
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1,377,545 |
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1,463,350 |
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Corporate and other expenses (b)
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(60,008 |
) |
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(73,625 |
) |
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(196,744 |
) |
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(213,241 |
) |
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Interest expense, net (b)
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(22,588 |
) |
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(20,657 |
) |
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(64,056 |
) |
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(61,214 |
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Income from continuing operations before income taxes
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$ |
611,743 |
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$ |
617,628 |
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$ |
1,116,745 |
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$ |
1,188,895 |
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| (a) |
Includes a $16.6 million gain
recognized on the sale of a VF Outlet® location in the
first quarter of 2015. |
| (b) |
Certain corporate overhead costs and
interest expense previously allocated to the Contemporary Brands
coalition for segment reporting purposes have been reallocated to
continuing operations as discussed in Note B. |
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