REPORTABLE SEGMENT INFORMATION

9 Months Ended

Jan. 01, 2022

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 and 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)	2021		2020		2021		2020
Segment revenues:
Outdoor	$	1,928,427	$	1,571,043	$	4,052,802	$	3,066,678
Active	1,410,577		1,127,121		4,104,818		2,898,639
Work	285,101		270,182		858,999		686,163
Other	279		3,195		557		4,678
Total segment revenues	$	3,624,384	$	2,971,541	$	9,017,176	$	6,656,158
Segment profit (loss):
Outdoor	$	450,432	$	311,767	$	662,761	$	283,531
Active	254,497		201,373		809,708		467,632
Work	47,672		16,900		150,649		13,672
Other	(44)		(4,435)		(696)		(9,322)
Total segment profit	752,557		525,605		1,622,422		755,513
Corporate and other expenses	(74,210)		(107,122)		(166,115)		(297,434)
Interest expense, net	(33,388)		(31,776)		(100,533)		(90,656)
Loss on debt extinguishment	(3,645)		—		(3,645)		—
Income from continuing operations before income taxes	$	641,314	$	386,707	$	1,352,129	$	367,423