REPORTABLE SEGMENT INFORMATION

6 Months Ended

Sep. 30, 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 September				Six Months Ended September
(In thousands)	2023		2022		2023		2022
Segment revenues:
Outdoor	$	1,713,679	$	1,555,328	$	2,543,376	$	2,323,952
Active	1,082,287		1,260,110		2,148,296		2,514,055
Work	238,273		265,162		428,903		504,040
Other	—		—		—		148
Total segment revenues	$	3,034,239	$	3,080,600	$	5,120,575	$	5,342,195
Segment profit (loss):
Outdoor	$	296,750	$	260,439	$	253,089	$	213,588
Active	133,970		180,255		257,752		394,286
Work	8,515		39,500		15,346		74,502
Other	—		(157)		—		(382)
Total segment profit	439,235		480,037		526,187		681,994
Impairment of goodwill and intangible assets	—		(421,922)		—		(421,922)
Corporate and other expenses	(79,818)		(158,214)		(179,329)		(391,523)
Interest expense, net	(55,644)		(33,903)		(105,363)		(65,165)
Income (loss) before income taxes	$	303,773	$	(134,002)	$	241,495	$	(196,616)