REPORTABLE SEGMENT INFORMATION

9 Months Ended

Dec. 30, 2023

Segment Reporting [Abstract]

REPORTABLE SEGMENT INFORMATION

REPORTABLE SEGMENT INFORMATION

The CODM 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 December				Nine Months Ended December
(In thousands)	2023		2022		2023		2022
Segment revenues:
Outdoor	$	1,738,579	$	2,003,045	$	4,281,955	$	4,326,997
Active	999,396		1,258,682		3,147,692		3,772,737
Work	222,308		268,940		651,211		772,980
Other	—		—		—		148
Total segment revenues	$	2,960,283	$	3,530,667	$	8,080,858	$	8,872,862
Segment profit (loss):
Outdoor	$	304,741	$	457,027	$	557,830	$	670,615
Active (a)	94,020		146,885		351,772		541,171
Work	(1,864)		18,487		13,482		92,989
Other	—		(134)		—		(516)
Total segment profit	396,897		622,265		923,084		1,304,259
Impairment of goodwill and intangible assets	(257,096)		—		(257,096)		(421,922)
Corporate and other expenses	(142,004)		(116,133)		(321,333)		(507,656)
Interest expense, net	(63,338)		(50,230)		(168,701)		(115,395)
Income (loss) before income taxes	$	(65,541)	$	455,902	$	175,954	$	259,286

(a)Includes legal settlement gains of $29.1 million in the three and nine months ended December 2023.