VF Corporation Transition report pursuant to Rule 13a-10 or 15d-10

Transition report pursuant to Rule 13a-10 or 15d-10

INTANGIBLE ASSETS

INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]



			March 2018						December 2017
(In thousands)	Weighted Average Amortization Period	Amortization Method	Cost		Accumulated Amortization		Net Carrying Amount		Net Carrying Amount
Amortizable intangible assets:
Customer relationships	18 years	Accelerated	$	344,613	$	143,069	$	201,544	$	204,215
License agreements	20 years	Accelerated	20,171		13,915		6,256		6,336
Trademarks	16 years	Straight-line	58,932		8,309		50,623		51,599
Other	9 years	Straight-line	9,194		4,024		5,170		5,353
Amortizable intangible assets, net							263,593		267,503
Indefinite-lived intangible assets:
Trademarks and trade names							1,856,517		1,822,278
Intangible assets, net							$	2,120,110	$	2,089,781

Intangible assets increased during the three months ended March 2018 due to the impact of foreign currency fluctuations.

Amortization expense for the three months ended March 2018 was $7.6 million. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five fiscal years is $29.4 million, $28.6 million, $27.1 million, $25.2 million and $23.8 million, respectively.