Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information

v3.7.0.1
Business Segment Information
 6 Months Ended
Jul. 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 June
 
Six Months Ended June
In thousands
2017
 
2016
 
2017
 
2016
Coalition revenues:
 
 
 
 
 
 
 
Outdoor & Action Sports
$
1,466,187

 
$
1,412,751

 
$
3,144,997

 
$
3,051,836

Jeanswear
600,807

 
629,180

 
1,248,249

 
1,339,770

Imagewear
150,008

 
134,830

 
284,974

 
276,641

Sportswear
114,259

 
114,875

 
212,576

 
233,272

Other
28,320

 
28,830

 
50,462

 
53,364

Total coalition revenues
$
2,359,581

 
$
2,320,466

 
$
4,941,258

 
$
4,954,883

Coalition profit: (a)
 
 
 
 
 
 
 
Outdoor & Action Sports
$
121,773

 
$
123,253

 
$
352,717

 
$
351,363

Jeanswear
84,757

 
108,843

 
202,776

 
246,137

Imagewear
25,572

 
24,377

 
49,972

 
50,516

Sportswear
11,345

 
6,300

 
10,276

 
11,076

Other
(293
)
 
(574
)
 
(2,488
)
 
(3,182
)
Total coalition profit
243,154

 
262,199

 
613,253

 
655,910

Corporate and other expenses (a)
(76,785
)
 
(66,276
)
 
(155,477
)
 
(146,898
)
Interest expense, net
(20,607
)
 
(21,394
)
 
(40,795
)
 
(41,414
)
Income from continuing operations before income taxes
$
145,762

 
$
174,529

 
$
416,981

 
$
467,598

 
(a) 
Certain corporate overhead and other costs of $6.0 million and $12.2 million for the three and six-month periods ended June 2016, previously allocated to the Imagewear and Outdoor & Action Sports coalitions for segment reporting purposes, have been reallocated to continuing operations as discussed in Note B.