REPORTABLE SEGMENT INFORMATION

9 Months Ended

Dec. 26, 2020

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 includes results primarily related to the sale of non-VF products. Financial information for VF's reportable segments was as follows:

	Three Months Ended December				Nine Months Ended December
(In thousands)	2020		2019		2020		2019
Segment revenues:
Outdoor	$	1,571,043	$	1,659,108	$	3,066,678	$	3,795,665
Active	1,127,121		1,239,462		2,898,639		3,885,222
Work	270,182		251,063		686,163		674,826
Other	3,195		6,090		4,678		30,422
Total segment revenues	$	2,971,541	$	3,155,723	$	6,656,158	$	8,386,135
Segment profit (loss):
Outdoor	$	311,767	$	348,995	$	283,531	$	525,107
Active	201,373		286,474		467,632		982,240
Work	16,900		22,111		13,672		52,129
Other	(4,435)		(2,800)		(9,322)		(2,035)
Total segment profit	525,605		654,780		755,513		1,557,441
Corporate and other expenses (a)	(107,122)		(136,885)		(297,434)		(391,236)
Interest expense, net	(31,776)		(17,337)		(90,656)		(49,306)
Income from continuing operations before income taxes	$	386,707	$	500,558	$	367,423	$	1,116,899

(a)Certain corporate overhead and other costs of $6.6 million and $18.9 million for the three and nine-month periods ended December 2019, respectively, previously allocated to the Work segment have been reallocated to continuing operations.