REPORTABLE SEGMENT INFORMATION

3 Months Ended

Jun. 29, 2024

Segment Reporting [Abstract]

REPORTABLE SEGMENT INFORMATION

REPORTABLE SEGMENT INFORMATION

VF's President and Chief Executive Officer, who is considered the Company's CODM, allocates resources and assesses performance based on a global brand view that 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.

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

	Three Months Ended June
(In thousands)	2024		2023
Segment revenues:
Outdoor	$	790,199	$	829,697
Active	942,139		1,066,009
Work	174,963		190,630
Total segment revenues	$	1,907,301	$	2,086,336
Segment profit (loss):
Outdoor	$	(83,415)	$	(43,661)
Active	98,549		123,782
Work	5,328		6,831
Total segment profit	20,462		86,952
Impairment of goodwill and intangible assets	(145,000)		—
Corporate and other expenses	(117,305)		(99,511)
Interest expense, net	(55,677)		(49,719)
Loss before income taxes	$	(297,520)	$	(62,278)