Annual report pursuant to Section 13 and 15(d)

REPORTABLE SEGMENT INFORMATION (Tables)

v3.24.1.1.u2
REPORTABLE SEGMENT INFORMATION (Tables)
 12 Months Ended
Mar. 30, 2024
Segment Reporting [Abstract]  
Schedule of Financial Information for Reportable Segments
Financial information for VF’s reportable segments is as follows:
Year Ended March
(In thousands) 2024 2023 2022
Segment revenues:
Outdoor $ 5,501,399  $ 5,647,526  $ 5,327,568 
Active 4,061,729  4,904,622  5,380,338 
Work 891,539  1,060,179  1,133,149 
Other —  148  785 
Total segment revenues $ 10,454,667  $ 11,612,475  $ 11,841,840 
Segment profit (loss):
Outdoor $ 602,708  $ 785,431  $ 795,523 
Active (a)
352,248  654,691  979,746 
Work 17,647  121,157  193,492 
Other —  (536) (586)
Total segment profit 972,603  1,560,743  1,968,175 
Impairment of goodwill and indefinite-lived intangible assets (507,566) (735,009) — 
Corporate and other expenses (475,314) (617,815) (309,817)
Interest expense, net (223,408) (164,632) (131,463)
Loss on debt extinguishment —  —  (3,645)
Income (loss) from continuing operations before income taxes $ (233,685) $ 43,287  $ 1,523,250 
(a)Includes legal settlement gains of $29.1 million in the year ended March 2024.
Schedule of Reconciliation Assets
(In thousands) March 2024 March 2023
Segment assets:
Outdoor $ 1,544,364  $ 1,936,090 
Active 1,034,714  1,341,142 
Work 452,384  610,798 
Other 8,869  15,055 
Total segment assets 3,040,331  3,903,085 
Cash and equivalents 674,605  814,887 
Property, plant and equipment, net 823,886  942,440 
Intangible assets and goodwill 4,088,896  4,621,234 
Operating lease right-of-use assets 1,330,361  1,372,182 
Other assets 1,654,884  2,336,660 
Consolidated assets $ 11,612,963  $ 13,990,488 
Schedule of Reconciliation of Capital Expenditures and Depreciation and Amortization Expense
Year Ended March
(In thousands) 2024 2023 2022
Depreciation, amortization and other asset write-downs:
Outdoor $ 103,586  $ 94,448  $ 95,860 
Active 93,587  81,106  87,235 
Work 13,620  12,524  14,439 
Other 108,411  74,246  69,401 
$ 319,204  $ 262,324  $ 266,935 
Schedule of Supplemental Information (with Revenues by Geographic Area Based on the Origin of Shipment)
Supplemental information (with revenues by geographic area primarily based on the origin of the shipment) is as follows:
Year Ended March
(In thousands) 2024 2023 2022
Total revenues:
U.S. $ 4,843,098  $ 6,043,359  $ 6,178,300 
Foreign 5,611,569  5,569,116  5,663,540 
$ 10,454,667  $ 11,612,475  $ 11,841,840 
Property, plant and equipment:
U.S. $ 596,387  $ 707,035 
Foreign 227,499  235,405 
$ 823,886  $ 942,440