Quarterly report pursuant to Section 13 or 15(d)

REPORTABLE SEGMENT INFORMATION

v3.20.4
REPORTABLE SEGMENT INFORMATION
 9 Months Ended
Dec. 26, 2020
Segment Reporting [Abstract]  
REPORTABLE SEGMENT INFORMATION REPORTABLE SEGMENT INFORMATION
The chief operating decision maker allocates resources and assesses performance based on a global brand view which represents VF's operating segments. The operating segments have been evaluated and combined into reportable segments because they meet the similar economic characteristics and qualitative aggregation criteria set forth in the relevant accounting guidance.
The Company's reportable segments have been identified as: Outdoor, Active and Work. We have included an Other category in the table below for purposes of reconciliation of revenues and profit, but it is not considered a reportable segment. Other includes results primarily related to the sale of non-VF products. Financial information for VF's reportable segments was as follows:
  Three Months Ended December Nine Months Ended December
(In thousands) 2020 2019 2020 2019
Segment revenues:
Outdoor $ 1,571,043  $ 1,659,108  $ 3,066,678  $ 3,795,665 
Active 1,127,121  1,239,462  2,898,639  3,885,222 
Work 270,182  251,063  686,163  674,826 
Other 3,195  6,090  4,678  30,422 
Total segment revenues $ 2,971,541  $ 3,155,723  $ 6,656,158  $ 8,386,135 
Segment profit (loss):
Outdoor $ 311,767  $ 348,995  $ 283,531  $ 525,107 
Active 201,373  286,474  467,632  982,240 
Work 16,900  22,111  13,672  52,129 
Other (4,435) (2,800) (9,322) (2,035)
Total segment profit 525,605  654,780  755,513  1,557,441 
Corporate and other expenses (a)
(107,122) (136,885) (297,434) (391,236)
Interest expense, net (31,776) (17,337) (90,656) (49,306)
Income from continuing operations before income taxes
 $ 386,707  $ 500,558  $ 367,423  $ 1,116,899 
(a)Certain corporate overhead and other costs of $6.6 million and $18.9 million for the three and nine-month periods ended December 2019, respectively, previously allocated to the Work segment have been reallocated to continuing operations.