| Business Segment Information |
Note I — Business Segment Information
VF’s businesses are grouped into product categories, and by
brands within those product categories, for internal financial
reporting used by management. These groupings of businesses within
VF are referred to as “coalitions” and are the basis
for VF’s reportable business segments. Financial information
for VF’s reportable segments is as follows:
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Three Months Ended September
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Nine Months Ended September
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| In thousands |
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2013 |
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2012 |
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2013 |
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2012 |
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Coalition revenues:
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Outdoor & Action Sports
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$ |
1,971,963 |
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$ |
1,852,267 |
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$ |
4,459,845 |
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$ |
4,156,208 |
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Jeanswear
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747,241 |
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718,812 |
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2,076,919 |
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2,054,529 |
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Imagewear
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284,480 |
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284,526 |
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779,064 |
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813,540 |
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Sportswear
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155,208 |
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154,190 |
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416,919 |
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394,593 |
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Contemporary Brands
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104,998 |
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104,165 |
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307,339 |
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339,016 |
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Other
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33,379 |
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34,394 |
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89,463 |
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88,709 |
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Total coalition revenues
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$ |
3,297,269 |
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$ |
3,148,354 |
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$ |
8,129,549 |
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$ |
7,846,595 |
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Coalition profit:
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Outdoor & Action Sports
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$ |
421,177 |
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$ |
413,012 |
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$ |
748,137 |
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$ |
697,181 |
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Jeanswear
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158,334 |
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131,447 |
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410,551 |
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335,566 |
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Imagewear
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40,698 |
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37,463 |
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107,343 |
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110,753 |
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Sportswear
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23,987 |
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18,499 |
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52,481 |
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40,711 |
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Contemporary Brands
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9,456 |
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13,436 |
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29,910 |
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40,286 |
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Other
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(47 |
) |
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1,377 |
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(2,195 |
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133 |
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Total coalition profit
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653,605 |
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615,234 |
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1,346,227 |
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1,224,630 |
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Corporate and other expenses
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(75,152 |
) |
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(76,773 |
) |
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(209,185 |
) |
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(164,779 |
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Interest expense, net
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(19,987 |
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(23,209 |
) |
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(61,224 |
) |
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(67,921 |
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Income before income taxes
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$ |
558,466 |
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$ |
515,252 |
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$ |
1,075,818 |
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$ |
991,930 |
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