Quarterly report pursuant to Section 13 or 15(d)

REPORTABLE SEGMENT INFORMATION

v3.22.4
REPORTABLE SEGMENT INFORMATION
 9 Months Ended
Dec. 31, 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 primarily includes 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) 2022 2021 2022 2021
Segment revenues:
Outdoor $ 2,003,045  $ 1,928,427  $ 4,326,997  $ 4,052,802 
Active 1,258,682  1,410,577  3,772,737  4,104,818 
Work 268,940  285,101  772,980  858,999 
Other —  279  148  557 
Total segment revenues $ 3,530,667  $ 3,624,384  $ 8,872,862  $ 9,017,176 
Segment profit (loss):
Outdoor $ 457,027  $ 450,432  $ 670,615  $ 662,761 
Active 146,885  254,497  541,171  809,708 
Work 18,487  47,672  92,989  150,649 
Other (134) (44) (516) (696)
Total segment profit 622,265  752,557  1,304,259  1,622,422 
Impairment of goodwill and intangible assets
 —  —  (421,922) — 
Corporate and other expenses
 (116,133) (74,210) (507,656) (166,115)
Interest expense, net (50,230) (33,388) (115,395) (100,533)
Loss on debt extinguishment —  (3,645) —  (3,645)
Income from continuing operations before income taxes
 $ 455,902  $ 641,314  $ 259,286  $ 1,352,129