REPORTABLE SEGMENT INFORMATION (Tables)

12 Months Ended

Apr. 01, 2023

Schedule of Financial Information for Reportable Segments

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


	Year Ended March

(In thousands)	2023		2022		2021
Segment revenues:
Outdoor	$	5,647,526	$	5,327,568	$	4,127,601
Active	4,904,622		5,380,338		4,160,856
Work	1,060,179		1,133,149		945,680
Other	148		785		4,693
Total segment revenues	$	11,612,475	$	11,841,840	$	9,238,830
Segment profit (loss):
Outdoor	$	785,431	$	795,523	$	342,212
Active	654,691		979,746		648,467
Work	121,157		193,492		27,141
Other	(536)		(586)		(5,410)
Total segment profit	1,560,743		1,968,175		1,012,410
Impairment of goodwill and indefinite-lived intangible assets (a)	(735,009)		—		(12,400)
Corporate and other expenses	(617,815)		(309,817)		(417,038)
Interest expense, net	(164,632)		(131,463)		(126,500)
Loss on debt extinguishment	—		(3,645)		—
Income from continuing operations before income taxes	$	43,287	$	1,523,250	$	456,472

(a)Excluded $8.0 million of impairment charges related to definite-lived intangible assets in the year ended March 2021, which were primarily recorded in the Work segment.

Schedule of Reconciliation Assets


(In thousands)	March 2023		March 2022
Segment assets:
Outdoor	$	1,936,090	$	1,307,244
Active	1,341,142		1,110,691
Work	610,798		436,765
Other	15,055		31,815
Total segment assets	3,903,085		2,886,515
Cash and equivalents	814,887		1,275,943

Property, plant and equipment, net	942,440		1,041,777
Intangible assets and goodwill	4,621,234		5,394,158
Operating lease right-of-use assets	1,372,182		1,247,056
Other assets	2,336,660		1,496,759
Consolidated assets	$	13,990,488	$	13,342,208

Schedule of Reconciliation of Capital Expenditures and Depreciation and Amortization Expense


	Year Ended March

(In thousands)	2023		2022		2021
Depreciation and amortization expense:
Outdoor	$	94,448	$	95,860	$	94,841
Active	81,106		87,235		80,245
Work	12,524		14,439		20,785
Other	74,246		69,401		73,210
	$	262,324	$	266,935	$	269,081

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)	2023		2022		2021
Total revenues:
U.S.	$	6,043,359	$	6,178,300	$	4,635,704
Foreign	5,569,116		5,663,540		4,603,126
	$	11,612,475	$	11,841,840	$	9,238,830
Property, plant and equipment:
U.S.	$	707,035	$	716,952
Foreign	235,405		324,825
	$	942,440	$	1,041,777