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

BUSINESS SEGMENT INFORMATION

v3.8.0.1
BUSINESS SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2018
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)
 
2018
 
 
2017
Coalition revenues:
 
 
 
 
 
Outdoor & Action Sports
 
$
2,014,574

 
 
$
1,695,790

Jeanswear
 
639,547

 
 
647,442

Imagewear
 
371,040

 
 
134,966

Other
 
20,285

 
 
22,142

Total coalition revenues
 
$
3,045,446

 
 
$
2,500,340

Coalition profit:
 
 
 
 
 
Outdoor & Action Sports
 
$
292,295

 
 
$
232,452

Jeanswear
 
109,206

 
 
118,019

Imagewear
 
24,570

 
 
24,400

Other
 
(3,023
)
 
 
(2,195
)
Total coalition profit
 
423,048

 
 
372,676

Corporate and other expenses (a)
 
(107,750
)
 
 
(83,091
)
Interest expense, net
 
(21,165
)
 
 
(20,188
)
Income from continuing operations before income taxes
 
$
294,133

 
 
$
269,397

(a) 
Certain corporate overhead and other costs of $4.1 million for the three-month period ended March 2017, previously allocated to the former Sportswear coalition for segment reporting purposes, have been reallocated to continuing operations as discussed in Note C.
The results of Williamson-Dickie have been included in the Imagewear coalition since the October 2, 2017 acquisition date. The results of Kipling North America, which were previously included in the former Sportswear coalition, have been included in the Outdoor & Action Sports coalition for all periods presented.
In light of completed and pending transactions resulting from our active portfolio management strategy, along with recently effected organizational realignments, we are evaluating whether changes need to be made to our internal reporting structure to better support and assess the operations of our business going forward. We expect to finalize our assessment early in Fiscal 2019. If changes are made to our reporting structure, we will assess the resulting effect, if any, on our reporting segments, operating segments and reporting units.