Quarterly report pursuant to Section 13 or 15(d)

REPORTABLE SEGMENT INFORMATION

v3.23.3
REPORTABLE SEGMENT INFORMATION
 6 Months Ended
Sep. 30, 2023
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 September Six Months Ended September
(In thousands) 2023 2022 2023 2022
Segment revenues:
Outdoor $ 1,713,679  $ 1,555,328  $ 2,543,376  $ 2,323,952 
Active 1,082,287  1,260,110  2,148,296  2,514,055 
Work 238,273  265,162  428,903  504,040 
Other —  —  —  148 
Total segment revenues $ 3,034,239  $ 3,080,600  $ 5,120,575  $ 5,342,195 
Segment profit (loss):
Outdoor $ 296,750  $ 260,439  $ 253,089  $ 213,588 
Active 133,970  180,255  257,752  394,286 
Work 8,515  39,500  15,346  74,502 
Other —  (157) —  (382)
Total segment profit 439,235  480,037  526,187  681,994 
Impairment of goodwill and intangible assets
 —  (421,922) —  (421,922)
Corporate and other expenses
 (79,818) (158,214) (179,329) (391,523)
Interest expense, net (55,644) (33,903) (105,363) (65,165)
Income (loss) before income taxes
 $ 303,773  $ (134,002) $ 241,495  $ (196,616)