REPORTABLE SEGMENT INFORMATION

3 Months Ended

Jul. 01, 2023

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 primarily includes sourcing activities related to transition services.

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

	Three Months Ended June
(In thousands)	2023		2022
Segment revenues:
Outdoor	$	829,697	$	768,624
Active	1,066,009		1,253,945
Work	190,630		238,878
Other	—		148
Total segment revenues	$	2,086,336	$	2,261,595
Segment profit (loss):
Outdoor	$	(43,661)	$	(46,851)
Active	123,782		214,031
Work	6,831		35,002
Other	—		(225)
Total segment profit	86,952		201,957
Corporate and other expenses	(99,511)		(233,309)
Interest expense, net	(49,719)		(31,262)
Loss before income taxes	$	(62,278)	$	(62,614)