REPORTABLE SEGMENT INFORMATION

6 Months Ended

Oct. 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 sourcing activities related to transition services.

Financial information for VF's reportable segments is as follows:

	Three Months Ended September				Six Months Ended September
(In thousands)	2022		2021		2022		2021
Segment revenues:
Outdoor	$	1,555,328	$	1,506,621	$	2,323,952	$	2,124,375
Active	1,260,110		1,392,173		2,514,055		2,694,241
Work	265,162		299,163		504,040		573,898
Other	—		278		148		278
Total segment revenues	$	3,080,600	$	3,198,235	$	5,342,195	$	5,392,792
Segment profit (loss):
Outdoor	$	260,439	$	284,076	$	213,588	$	212,329
Active	180,255		284,349		394,286		555,211
Work	39,500		61,973		74,502		102,977
Other	(157)		(370)		(382)		(652)
Total segment profit	480,037		630,028		681,994		869,865
Impairment of goodwill and intangible assets	(421,922)		—		(421,922)		—
Corporate and other expenses	(158,214)		(63,993)		(391,523)		(91,905)
Interest expense, net	(33,903)		(34,370)		(65,165)		(67,145)
Income (loss) from continuing operations before income taxes	$	(134,002)	$	531,665	$	(196,616)	$	710,815