Quarterly report pursuant to Section 13 or 15(d)

REPORTABLE SEGMENT INFORMATION

v3.24.0.1
REPORTABLE SEGMENT INFORMATION
 9 Months Ended
Dec. 30, 2023
Segment Reporting [Abstract]  
REPORTABLE SEGMENT INFORMATION REPORTABLE SEGMENT INFORMATION
The CODM 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) 2023 2022 2023 2022
Segment revenues:
Outdoor $ 1,738,579  $ 2,003,045  $ 4,281,955  $ 4,326,997 
Active 999,396  1,258,682  3,147,692  3,772,737 
Work 222,308  268,940  651,211  772,980 
Other —  —  —  148 
Total segment revenues $ 2,960,283  $ 3,530,667  $ 8,080,858  $ 8,872,862 
Segment profit (loss):
Outdoor $ 304,741  $ 457,027  $ 557,830  $ 670,615 
Active (a)
94,020  146,885  351,772  541,171 
Work (1,864) 18,487  13,482  92,989 
Other —  (134) —  (516)
Total segment profit 396,897  622,265  923,084  1,304,259 
Impairment of goodwill and intangible assets
 (257,096) —  (257,096) (421,922)
Corporate and other expenses
 (142,004) (116,133) (321,333) (507,656)
Interest expense, net (63,338) (50,230) (168,701) (115,395)
Income (loss) before income taxes
 $ (65,541) $ 455,902  $ 175,954  $ 259,286 
(a)Includes legal settlement gains of $29.1 million in the three and nine months ended December 2023.