Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

v3.7.0.1
Business Segment Information
 3 Months Ended
Apr. 01, 2017
Segment Reporting [Abstract]  
Business Segment Information
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:
 
Three Months Ended March
In thousands
2017
 
2016
Coalition revenues:
 
 
 
Outdoor & Action Sports
$
1,678,810

 
$
1,639,085

Jeanswear
647,442

 
710,590

Imagewear
134,966

 
141,811

Sportswear
98,317

 
118,397

Other
22,142

 
24,534

Total coalition revenues
$
2,581,677

 
$
2,634,417

Coalition profit: (a)
 
 
 
Outdoor & Action Sports
$
230,944

 
$
228,110

Jeanswear
118,019

 
137,294

Imagewear
24,400

 
26,139

Sportswear
(1,069
)
 
4,776

Other
(2,195
)
 
(2,608
)
Total coalition profit
370,099

 
393,711

Corporate and other expenses (a)
(78,692
)
 
(80,622
)
Interest expense, net (b)
(20,188
)
 
(20,020
)
Income from continuing operations before income taxes
$
271,219

 
$
293,069

 
(a) 
Certain corporate overhead and other costs of $8.5 million for the three months ended March 2016, previously allocated to the Contemporary Brands, Imagewear and Outdoor & Action Sports coalitions for segment reporting purposes, have been reallocated to continuing operations as discussed in Note B.
(b) 
Interest expense of $0.5 million for the three months ended March 2016, previously allocated to the Contemporary Brands coalition for segment reporting purposes, has been reallocated to continuing operations as discussed in Note B.