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

Quarterly report pursuant to Section 13 or 15(d)

REVENUES (Tables)

REVENUES (Tables)

9 Months Ended

Dec. 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)	December 2018		At Adoption - April 1, 2018 ^(a)
Accounts receivable, net	$	1,774,460	$	1,408,587
Contract assets ^(b)	3,368		2,600
Contract liabilities ^(c)	40,615		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 and other liabilities line items 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 December 2018
(In thousands)	Outdoor		Active		Work		Jeans		Other		Total
Channel revenues
Wholesale	$	839,579	$	490,985	$	434,409	$	557,642	$	3,559	$	2,326,174
Direct-to-consumer	769,775		642,571		50,788		91,514		29,975		1,584,623
Royalty	3,251		9,024		8,390		8,697		—		29,362
Total	$	1,612,605	$	1,142,580	$	493,587	$	657,853	$	33,534	$	3,940,159

Geographic revenues
United States	$	889,298	$	638,179	$	400,739	$	494,575	$	33,534	$	2,456,325
International	723,307		504,401		92,848		163,278		—		1,483,834
Total	$	1,612,605	$	1,142,580	$	493,587	$	657,853	$	33,534	$	3,940,159



	Three Months Ended December 2017
(In thousands)	Outdoor		Active		Work		Jeans		Other		Total
Channel revenues
Wholesale	$	735,349	$	441,521	$	421,709	$	591,729	$	—	$	2,190,308
Direct-to-consumer	718,199		535,704		54,347		92,933		33,313		1,434,496
Royalty	3,106		6,758		6,771		7,844		—		24,479
Total	$	1,456,654	$	983,983	$	482,827	$	692,506	$	33,313	$	3,649,283

Geographic revenues
United States	$	789,583	$	522,250	$	385,002	$	510,029	$	33,313	$	2,240,177
International	667,071		461,733		97,825		182,477		—		1,409,106
Total	$	1,456,654	$	983,983	$	482,827	$	692,506	$	33,313	$	3,649,283



	Nine Months Ended December 2018
(In thousands)	Outdoor		Active		Work		Jeans		Other		Total
Channel revenues
Wholesale	$	2,280,071	$	1,829,861	$	1,267,633	$	1,643,404	$	21,074	$	7,042,043
Direct-to-consumer	1,358,287		1,728,779		123,051		226,294		83,899		3,520,310
Royalty	9,350		20,838		18,332		24,818		—		73,338
Total	$	3,647,708	$	3,579,478	$	1,409,016	$	1,894,516	$	104,973	$	10,635,691

Geographic revenues
United States	$	1,826,230	$	1,934,778	$	1,127,168	$	1,364,659	$	104,973	$	6,357,808
International	1,821,478		1,644,700		281,848		529,857		—		4,277,883
Total	$	3,647,708	$	3,579,478	$	1,409,016	$	1,894,516	$	104,973	$	10,635,691

	Nine Months Ended December 2017
(In thousands)	Outdoor		Active		Work		Jeans		Other		Total
Channel revenues
Wholesale	$	2,091,005	$	1,575,246	$	834,934	$	1,707,810	$	—	$	6,208,995
Direct-to-consumer	1,272,275		1,389,219		58,041		232,266		91,003		3,042,804
Royalty	10,626		18,424		6,771		23,217		—		59,038
Total	$	3,373,906	$	2,982,889	$	899,746	$	1,963,293	$	91,003	$	9,310,837

Geographic revenues
United States	$	1,730,340	$	1,525,746	$	791,610	$	1,391,102	$	91,003	$	5,529,801
International	1,643,566		1,457,143		108,136		572,191		—		3,781,036
Total	$	3,373,906	$	2,982,889	$	899,746	$	1,963,293	$	91,003	$	9,310,837