VF Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

REVENUES (Tables)

REVENUES (Tables)

6 Months Ended

Sep. 29, 2018

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability

The following table provides information about accounts receivable, contract assets and contract liabilities:



(In thousands)	September 2018		At Adoption - April 1, 2018 ^(a)
Accounts receivable, net	$	2,196,064	$	1,408,587
Contract assets ^(b)	3,371		2,600
Contract liabilities ^(c)	33,005		28,252


^(a)	The Company adopted ASC 606 on April 1, 2018. Refer to Note 2 for additional information.


^(b)	Included in the other current assets line item in the Consolidated Balance Sheets.


^(c)	Included in the accrued liabilities line item in the Consolidated Balance Sheets.

Disaggregation of Revenue

The following tables disaggregate our revenues by channel and geography, which provides a meaningful depiction of how the nature, timing and uncertainty of revenues are affected by economic factors. The wholesale channel includes fees generated from sourcing activities as the customers and point-in-time revenue recognition are similar to other wholesale arrangements.



	Three Months Ended September 2018
(In thousands)	Outdoor		Active		Work		Jeans		Other		Total
Channel revenues
Wholesale	$	1,130,716	$	684,028	$	433,551	$	560,307	$	7,378	$	2,815,980
Direct-to-consumer	332,548		610,672		34,425		64,415		27,821		1,069,881
Royalty	3,239		5,261		4,851		8,174		—		21,525
Total	$	1,466,503	$	1,299,961	$	472,827	$	632,896	$	35,199	$	3,907,386

Geographic revenues
United States	$	674,076	$	652,494	$	376,293	$	429,772	$	35,199	$	2,167,834
International	792,427		647,467		96,534		203,124		—		1,739,552
Total	$	1,466,503	$	1,299,961	$	472,827	$	632,896	$	35,199	$	3,907,386



	Three Months Ended September 2017
(In thousands)	Outdoor		Active		Work		Jeans		Other		Total
Channel revenues
Wholesale	$	1,065,419	$	592,249	$	208,215	$	606,230	$	—	$	2,472,113
Direct-to-consumer	311,172		491,235		1,847		68,668		29,370		902,292
Royalty	4,411		6,132		—		7,986		—		18,529
Total	$	1,381,002	$	1,089,616	$	210,062	$	682,884	$	29,370	$	3,392,934

Geographic revenues
United States	$	668,166	$	498,397	$	204,360	$	450,688	$	29,370	$	1,850,981
International	712,836		591,219		5,702		232,196		—		1,541,953
Total	$	1,381,002	$	1,089,616	$	210,062	$	682,884	$	29,370	$	3,392,934



	Six Months Ended September 2018
(In thousands)	Outdoor		Active		Work		Jeans		Other		Total
Channel revenues
Wholesale	$	1,440,492	$	1,338,876	$	833,224	$	1,085,762	$	17,515	$	4,715,869
Direct-to-consumer	588,512		1,086,208		72,263		134,780		53,924		1,935,687
Royalty	6,099		11,814		9,942		16,121		—		43,976
Total	$	2,035,103	$	2,436,898	$	915,429	$	1,236,663	$	71,439	$	6,695,532

Geographic revenues
United States	$	936,932	$	1,296,599	$	726,429	$	870,084	$	71,439	$	3,901,483
International	1,098,171		1,140,299		189,000		366,579		—		2,794,049
Total	$	2,035,103	$	2,436,898	$	915,429	$	1,236,663	$	71,439	$	6,695,532

	Six Months Ended September 2017
(In thousands)	Outdoor		Active		Work		Jeans		Other		Total
Channel revenues
Wholesale	$	1,355,656	$	1,133,725	$	413,225	$	1,116,081	$	—	$	4,018,687
Direct-to-consumer	554,076		853,515		3,694		139,333		57,690		1,608,308
Royalty	7,520		11,666		—		15,373		—		34,559
Total	$	1,917,252	$	1,998,906	$	416,919	$	1,270,787	$	57,690	$	5,661,554

Geographic revenues
United States	$	940,757	$	1,003,496	$	406,608	$	881,073	$	57,690	$	3,289,624
International	976,495		995,410		10,311		389,714		—		2,371,930
Total	$	1,917,252	$	1,998,906	$	416,919	$	1,270,787	$	57,690	$	5,661,554