Quarterly report pursuant to Section 13 or 15(d)

Restructuring

v3.7.0.1
Restructuring
 6 Months Ended
Jul. 01, 2017
Restructuring and Related Activities [Abstract]  
Restructuring
Restructuring
In the fourth quarter of 2016, VF leadership approved restructuring charges related to cost alignment initiatives, and recognized $58.1 million of restructuring charges. The Company did not recognize additional costs associated with these actions in the first six months of 2017 and does not expect to recognize significant additional costs relating to these actions for the remainder of 2017. The Company expects a substantial amount of the restructuring activities to be completed by the end of 2017.
The activity in the restructuring accrual for the six-month period ended June 2017 is as follows:
In thousands
Severance
 
Other
 
Total
Amounts recorded in accrued liabilities at December 2016
$
52,720

 
$
878

 
$
53,598

Cash payments
(15,686
)
 
—

 
(15,686
)
Adjustments to accruals
(2,171
)
 
—

 
(2,171
)
Currency translation
873

 
—

 
873

Amounts recorded in accrued liabilities at June 2017
$
35,736

 
$
878

 
$
36,614