Quarterly report pursuant to Section 13 or 15(d)

REPORTABLE SEGMENT INFORMATION

v3.21.4
REPORTABLE SEGMENT INFORMATION
 9 Months Ended
Jan. 01, 2022
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 and sourcing activities related to transition services.
Financial information for VF's reportable segments is as follows:
  Three Months Ended December Nine Months Ended December
(In thousands) 2021 2020 2021 2020
Segment revenues:
Outdoor $ 1,928,427  $ 1,571,043  $ 4,052,802  $ 3,066,678 
Active 1,410,577  1,127,121  4,104,818  2,898,639 
Work 285,101  270,182  858,999  686,163 
Other 279  3,195  557  4,678 
Total segment revenues $ 3,624,384  $ 2,971,541  $ 9,017,176  $ 6,656,158 
Segment profit (loss):
Outdoor $ 450,432  $ 311,767  $ 662,761  $ 283,531 
Active 254,497  201,373  809,708  467,632 
Work 47,672  16,900  150,649  13,672 
Other (44) (4,435) (696) (9,322)
Total segment profit 752,557  525,605  1,622,422  755,513 
Corporate and other expenses
 (74,210) (107,122) (166,115) (297,434)
Interest expense, net (33,388) (31,776) (100,533) (90,656)
Loss on debt extinguishment (3,645) —  (3,645) — 
Income from continuing operations before income taxes
 $ 641,314  $ 386,707  $ 1,352,129  $ 367,423