false--03-28Q220200000103379V F CORP19743000196380002074200090000015000008000000.460.920.510.940.250.2512000000001200000000120000000039716180839682466239886579061900000P5YP7YP5Y5000002800000000P21M111250000002500000025000000000P2YP4YP2YP4YP3Y0.270.240.0240.018P7Y7M6DP6Y1M12D00126800000P3Y0.1428571429
0000103379
2019-03-31
2019-09-28
0000103379
vfc:FixedRateZeroPointSixTwoFivePercentageNotesDueSeptemberTwoThousandTwentyThreeMember
2019-03-31
2019-09-28
0000103379
us-gaap:CommonStockMember
2019-03-31
2019-09-28
0000103379
2019-10-26
0000103379
2018-09-29
0000103379
2019-09-28
0000103379
2019-03-30
0000103379
2019-06-30
2019-09-28
0000103379
2018-07-01
2018-09-29
0000103379
2018-04-01
2018-09-29
0000103379
2018-03-31
0000103379
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-04-01
2018-09-29
0000103379
us-gaap:RetainedEarningsMember
2019-03-31
2019-09-28
0000103379
us-gaap:AccountingStandardsUpdate201602Member
us-gaap:RetainedEarningsMember
2019-03-31
0000103379
us-gaap:CommonStockMember
2019-09-28
0000103379
us-gaap:AdditionalPaidInCapitalMember
2019-03-30
0000103379
us-gaap:CommonStockMember
2019-03-31
2019-09-28
0000103379
us-gaap:AccountingStandardsUpdate201802Member
us-gaap:RetainedEarningsMember
2019-03-31
0000103379
us-gaap:AdditionalPaidInCapitalMember
2019-03-31
2019-09-28
0000103379
us-gaap:CommonStockMember
2018-03-31
0000103379
us-gaap:AccountingStandardsUpdate201602Member
2019-03-31
0000103379
us-gaap:RetainedEarningsMember
2018-04-01
2018-09-29
0000103379
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-03-31
0000103379
us-gaap:CommonStockMember
2018-04-01
2018-09-29
0000103379
us-gaap:CommonStockMember
2019-03-30
0000103379
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-03-31
2019-09-28
0000103379
us-gaap:RetainedEarningsMember
2019-09-28
0000103379
us-gaap:AccountingStandardsUpdate201802Member
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-03-31
0000103379
us-gaap:RetainedEarningsMember
2019-03-30
0000103379
us-gaap:AdditionalPaidInCapitalMember
2018-09-29
0000103379
us-gaap:RetainedEarningsMember
2018-04-01
0000103379
us-gaap:RetainedEarningsMember
2018-03-31
0000103379
2018-04-01
0000103379
us-gaap:CommonStockMember
2018-09-29
0000103379
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-09-28
0000103379
us-gaap:RetainedEarningsMember
2018-09-29
0000103379
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-09-29
0000103379
us-gaap:AdditionalPaidInCapitalMember
2018-04-01
2018-09-29
0000103379
us-gaap:AccountingStandardsUpdate201802Member
2019-03-31
0000103379
us-gaap:AdditionalPaidInCapitalMember
2019-09-28
0000103379
us-gaap:AdditionalPaidInCapitalMember
2018-03-31
0000103379
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-03-30
0000103379
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-07-01
2018-09-29
0000103379
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-06-30
2019-09-28
0000103379
us-gaap:RetainedEarningsMember
2019-06-30
2019-09-28
0000103379
us-gaap:AdditionalPaidInCapitalMember
2019-06-29
0000103379
us-gaap:CommonStockMember
2018-06-30
0000103379
us-gaap:RetainedEarningsMember
2018-07-01
2018-09-29
0000103379
us-gaap:RetainedEarningsMember
2019-06-29
0000103379
us-gaap:CommonStockMember
2018-07-01
2018-09-29
0000103379
us-gaap:CommonStockMember
2019-06-30
2019-09-28
0000103379
2019-06-29
0000103379
us-gaap:CommonStockMember
2019-06-29
0000103379
us-gaap:AdditionalPaidInCapitalMember
2018-06-30
0000103379
us-gaap:RetainedEarningsMember
2018-06-30
0000103379
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-06-29
0000103379
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-06-30
0000103379
2018-06-30
0000103379
us-gaap:AdditionalPaidInCapitalMember
2019-06-30
2019-09-28
0000103379
us-gaap:AdditionalPaidInCapitalMember
2018-07-01
2018-09-29
0000103379
country:US
2018-04-01
2018-09-29
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:SalesChannelDirectlyToConsumerMember
2018-04-01
2018-09-29
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:NonUsMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
vfc:WorkMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:NonUsMember
vfc:OutdoorMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
vfc:OutdoorMember
2018-04-01
2018-09-29
0000103379
us-gaap:MaterialReconcilingItemsMember
country:US
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelThroughIntermediaryMember
vfc:OutdoorMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:NonUsMember
vfc:ActiveMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
vfc:ActiveMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:NonUsMember
vfc:WorkMember
2018-04-01
2018-09-29
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:SalesChannelThroughIntermediaryMember
2018-04-01
2018-09-29
0000103379
us-gaap:RoyaltyMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:RoyaltyMember
vfc:OutdoorMember
2018-04-01
2018-09-29
0000103379
us-gaap:SalesChannelDirectlyToConsumerMember
2018-04-01
2018-09-29
0000103379
us-gaap:NonUsMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelThroughIntermediaryMember
vfc:WorkMember
2018-04-01
2018-09-29
0000103379
us-gaap:MaterialReconcilingItemsMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
country:US
vfc:WorkMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
country:US
vfc:OutdoorMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
vfc:WorkMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelThroughIntermediaryMember
vfc:ActiveMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
country:US
vfc:ActiveMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:RoyaltyMember
vfc:ActiveMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
vfc:OutdoorMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
vfc:ActiveMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:RoyaltyMember
vfc:WorkMember
2018-04-01
2018-09-29
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:RoyaltyMember
2018-04-01
2018-09-29
0000103379
us-gaap:SalesChannelThroughIntermediaryMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
vfc:WorkMember
2019-03-31
2019-09-28
0000103379
us-gaap:RoyaltyMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:NonUsMember
vfc:OutdoorMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
vfc:ActiveMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:RoyaltyMember
vfc:WorkMember
2019-03-31
2019-09-28
0000103379
us-gaap:NonUsMember
2019-03-31
2019-09-28
0000103379
us-gaap:SalesChannelDirectlyToConsumerMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
vfc:OutdoorMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:RoyaltyMember
vfc:OutdoorMember
2019-03-31
2019-09-28
0000103379
country:US
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:NonUsMember
vfc:WorkMember
2019-03-31
2019-09-28
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:SalesChannelThroughIntermediaryMember
2019-03-31
2019-09-28
0000103379
us-gaap:MaterialReconcilingItemsMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
country:US
vfc:ActiveMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:NonUsMember
vfc:ActiveMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
vfc:WorkMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelThroughIntermediaryMember
vfc:OutdoorMember
2019-03-31
2019-09-28
0000103379
us-gaap:MaterialReconcilingItemsMember
country:US
2019-03-31
2019-09-28
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:SalesChannelDirectlyToConsumerMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelThroughIntermediaryMember
vfc:ActiveMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
vfc:ActiveMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelThroughIntermediaryMember
vfc:WorkMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
country:US
vfc:WorkMember
2019-03-31
2019-09-28
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:RoyaltyMember
2019-03-31
2019-09-28
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:NonUsMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
country:US
vfc:OutdoorMember
2019-03-31
2019-09-28
0000103379
us-gaap:SalesChannelThroughIntermediaryMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:RoyaltyMember
vfc:ActiveMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
vfc:OutdoorMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
vfc:ActiveMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
vfc:ActiveMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelThroughIntermediaryMember
vfc:OutdoorMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:RoyaltyMember
vfc:ActiveMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
vfc:WorkMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
country:US
vfc:WorkMember
2018-07-01
2018-09-29
0000103379
us-gaap:NonUsMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:NonUsMember
vfc:OutdoorMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
country:US
vfc:OutdoorMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
vfc:WorkMember
2018-07-01
2018-09-29
0000103379
us-gaap:MaterialReconcilingItemsMember
2018-07-01
2018-09-29
0000103379
country:US
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:NonUsMember
vfc:ActiveMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:RoyaltyMember
vfc:WorkMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:RoyaltyMember
vfc:OutdoorMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
vfc:OutdoorMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
vfc:OutdoorMember
2018-07-01
2018-09-29
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:RoyaltyMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelThroughIntermediaryMember
vfc:ActiveMember
2018-07-01
2018-09-29
0000103379
us-gaap:RoyaltyMember
2018-07-01
2018-09-29
0000103379
us-gaap:MaterialReconcilingItemsMember
country:US
2018-07-01
2018-09-29
0000103379
us-gaap:SalesChannelDirectlyToConsumerMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:NonUsMember
vfc:WorkMember
2018-07-01
2018-09-29
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:SalesChannelThroughIntermediaryMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelThroughIntermediaryMember
vfc:WorkMember
2018-07-01
2018-09-29
0000103379
us-gaap:SalesChannelThroughIntermediaryMember
2018-07-01
2018-09-29
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:NonUsMember
2018-07-01
2018-09-29
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:SalesChannelDirectlyToConsumerMember
2018-07-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
country:US
vfc:ActiveMember
2018-07-01
2018-09-29
0000103379
us-gaap:MaterialReconcilingItemsMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
vfc:ActiveMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
vfc:WorkMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:RoyaltyMember
vfc:ActiveMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
country:US
vfc:OutdoorMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
vfc:ActiveMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
country:US
vfc:WorkMember
2019-06-30
2019-09-28
0000103379
us-gaap:SalesChannelDirectlyToConsumerMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
vfc:OutdoorMember
2019-06-30
2019-09-28
0000103379
country:US
2019-06-30
2019-09-28
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:NonUsMember
2019-06-30
2019-09-28
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:RoyaltyMember
2019-06-30
2019-09-28
0000103379
us-gaap:MaterialReconcilingItemsMember
country:US
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:RoyaltyMember
vfc:OutdoorMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:NonUsMember
vfc:WorkMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:NonUsMember
vfc:ActiveMember
2019-06-30
2019-09-28
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:SalesChannelThroughIntermediaryMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:RoyaltyMember
vfc:WorkMember
2019-06-30
2019-09-28
0000103379
us-gaap:MaterialReconcilingItemsMember
us-gaap:SalesChannelDirectlyToConsumerMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
vfc:WorkMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelThroughIntermediaryMember
vfc:WorkMember
2019-06-30
2019-09-28
0000103379
us-gaap:RoyaltyMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelDirectlyToConsumerMember
vfc:OutdoorMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
country:US
vfc:ActiveMember
2019-06-30
2019-09-28
0000103379
us-gaap:SalesChannelThroughIntermediaryMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:NonUsMember
vfc:OutdoorMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelThroughIntermediaryMember
vfc:ActiveMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
us-gaap:SalesChannelThroughIntermediaryMember
vfc:OutdoorMember
2019-06-30
2019-09-28
0000103379
us-gaap:NonUsMember
2019-06-30
2019-09-28
0000103379
2019-09-29
2019-09-28
0000103379
vfc:IcebreakerHoldingsLtdMember
2018-04-01
2018-06-30
0000103379
vfc:IcebreakerHoldingsLtdMember
2018-04-01
2018-09-29
0000103379
vfc:IcebreakerHoldingsLtdMember
us-gaap:DistributionRightsMember
2018-04-03
0000103379
vfc:IcebreakerHoldingsLtdMember
2018-04-03
2018-04-03
0000103379
vfc:AltraMember
us-gaap:DistributionRightsMember
2018-06-01
2018-06-01
0000103379
vfc:AltraMember
2018-06-01
0000103379
vfc:IcebreakerHoldingsLtdMember
us-gaap:CustomerRelationshipsMember
2018-04-03
0000103379
vfc:AltraMember
us-gaap:CustomerRelationshipsMember
2018-06-01
0000103379
vfc:AltraMember
2018-04-01
2019-03-30
0000103379
vfc:IcebreakerHoldingsLtdMember
2018-04-03
0000103379
vfc:IcebreakerHoldingsLtdMember
us-gaap:CustomerRelationshipsMember
2018-04-03
2018-04-03
0000103379
vfc:AltraMember
us-gaap:DistributionRightsMember
2018-06-01
0000103379
vfc:IcebreakerHoldingsLtdMember
2018-04-01
2019-03-30
0000103379
vfc:AltraMember
us-gaap:CustomerRelationshipsMember
2018-06-01
2018-06-01
0000103379
vfc:AltraMember
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2018-04-01
2018-06-30
0000103379
vfc:AltraMember
2018-09-30
2018-12-29
0000103379
vfc:AltraMember
2018-06-01
2018-06-01
0000103379
vfc:IcebreakerHoldingsLtdMember
us-gaap:DistributionRightsMember
2018-04-03
2018-04-03
0000103379
us-gaap:DiscontinuedOperationsDisposedOfBySaleMember
vfc:KontoorBrandsMember
2019-03-31
2019-09-28
0000103379
us-gaap:DiscontinuedOperationsDisposedOfBySaleMember
vfc:KontoorBrandsandNauticaMember
2018-04-01
2018-09-29
0000103379
us-gaap:SegmentDiscontinuedOperationsMember
vfc:KontoorBrandsMember
2018-07-01
2018-09-29
0000103379
us-gaap:SegmentDiscontinuedOperationsMember
2019-06-30
2019-09-28
0000103379
srt:MaximumMember
us-gaap:DiscontinuedOperationsDisposedOfBySaleMember
vfc:NauticaMember
2019-03-31
2019-09-28
0000103379
us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember
vfc:VanMoerMember
2018-10-05
2018-10-05
0000103379
us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember
vfc:ReefMember
2018-04-01
2019-03-30
0000103379
us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember
vfc:VanMoerMember
2018-07-01
2018-09-29
0000103379
vfc:TermloanMember
vfc:TermLoanBFacilityMember
us-gaap:DiscontinuedOperationsDisposedOfByMeansOtherThanSaleSpinoffMember
vfc:KontoorBrandsMember
2019-05-22
0000103379
us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember
vfc:ReefMember
2019-03-31
2019-09-28
0000103379
us-gaap:DiscontinuedOperationsDisposedOfByMeansOtherThanSaleSpinoffMember
vfc:KontoorBrandsMember
2019-05-22
2019-05-22
0000103379
us-gaap:DiscontinuedOperationsDisposedOfByMeansOtherThanSaleSpinoffMember
vfc:KontoorBrandsMember
2019-05-22
0000103379
vfc:TermloanMember
vfc:TermLoanAFacilityMember
us-gaap:DiscontinuedOperationsDisposedOfByMeansOtherThanSaleSpinoffMember
vfc:KontoorBrandsMember
2019-05-22
0000103379
us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember
vfc:ReefMember
2018-07-01
2018-09-29
0000103379
us-gaap:DiscontinuedOperationsDisposedOfBySaleMember
vfc:NauticaMember
2018-04-01
2018-09-29
0000103379
us-gaap:DiscontinuedOperationsDisposedOfByMeansOtherThanSaleSpinoffMember
vfc:KontoorBrandsMember
2019-03-31
2019-09-28
0000103379
us-gaap:DiscontinuedOperationsDisposedOfBySaleMember
vfc:NauticaMember
2018-04-30
2018-04-30
0000103379
us-gaap:DiscontinuedOperationsDisposedOfByMeansOtherThanSaleSpinoffMember
vfc:KontoorBrandsMember
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-05-22
2019-05-22
0000103379
us-gaap:SegmentDiscontinuedOperationsMember
vfc:KontoorBrandsMember
2019-03-31
2019-09-28
0000103379
us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember
vfc:KontoorBrandsMember
2019-03-31
2019-09-28
0000103379
us-gaap:SegmentDiscontinuedOperationsMember
vfc:KontoorBrandsMember
2018-04-01
2018-09-29
0000103379
us-gaap:SegmentDiscontinuedOperationsMember
vfc:NauticaMember
2018-04-01
2018-09-29
0000103379
vfc:CreditAgreementMember
us-gaap:DiscontinuedOperationsDisposedOfByMeansOtherThanSaleSpinoffMember
vfc:KontoorBrandsMember
2019-05-22
0000103379
us-gaap:SegmentDiscontinuedOperationsMember
vfc:KontoorBrandsMember
2018-09-29
0000103379
us-gaap:SegmentDiscontinuedOperationsMember
vfc:KontoorBrandsMember
2019-03-30
0000103379
us-gaap:SegmentDiscontinuedOperationsMember
2019-09-28
0000103379
us-gaap:SegmentDiscontinuedOperationsMember
vfc:ReefandVanMoerMember
2018-09-29
0000103379
vfc:TermloanMember
vfc:TermLoanBFacilityMember
us-gaap:DiscontinuedOperationsDisposedOfByMeansOtherThanSaleSpinoffMember
vfc:KontoorBrandsMember
2019-05-22
2019-05-22
0000103379
vfc:TermloanMember
vfc:TermLoanAFacilityMember
us-gaap:DiscontinuedOperationsDisposedOfByMeansOtherThanSaleSpinoffMember
vfc:KontoorBrandsMember
2019-05-22
2019-05-22
0000103379
2019-05-22
2019-05-22
0000103379
us-gaap:TrademarksMember
2019-09-28
0000103379
us-gaap:CustomerRelationshipsMember
2019-09-28
0000103379
us-gaap:LicensingAgreementsMember
2019-09-28
0000103379
us-gaap:LicensingAgreementsMember
2019-03-31
2019-09-28
0000103379
us-gaap:OtherIntangibleAssetsMember
2019-09-28
0000103379
us-gaap:CustomerRelationshipsMember
2019-03-30
0000103379
us-gaap:TrademarksMember
2019-03-30
0000103379
us-gaap:TrademarksMember
2019-03-31
2019-09-28
0000103379
us-gaap:OtherIntangibleAssetsMember
2019-03-30
0000103379
us-gaap:CustomerRelationshipsMember
2019-03-31
2019-09-28
0000103379
us-gaap:OtherIntangibleAssetsMember
2019-03-31
2019-09-28
0000103379
us-gaap:LicensingAgreementsMember
2019-03-30
0000103379
vfc:WorkMember
2019-09-28
0000103379
vfc:ActiveMember
2019-03-30
0000103379
vfc:OutdoorMember
2019-03-31
2019-09-28
0000103379
vfc:ActiveMember
2019-09-28
0000103379
vfc:ActiveMember
2019-03-31
2019-09-28
0000103379
vfc:WorkMember
2019-03-30
0000103379
vfc:OutdoorMember
2019-03-30
0000103379
vfc:WorkMember
2019-03-31
2019-09-28
0000103379
vfc:OutdoorMember
2019-09-28
0000103379
srt:MaximumMember
us-gaap:EquipmentMember
2019-09-28
0000103379
srt:MinimumMember
2019-09-28
0000103379
srt:MinimumMember
us-gaap:EquipmentMember
2019-09-28
0000103379
srt:MaximumMember
2019-09-28
0000103379
srt:MaximumMember
us-gaap:VehiclesMember
2019-09-28
0000103379
srt:MinimumMember
us-gaap:LandAndBuildingMember
2019-09-28
0000103379
srt:MaximumMember
us-gaap:LandAndBuildingMember
2019-09-28
0000103379
srt:MinimumMember
us-gaap:VehiclesMember
2019-09-28
0000103379
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2018-04-01
2018-09-29
0000103379
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-04-01
2018-09-29
0000103379
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-03-31
0000103379
us-gaap:AccumulatedTranslationAdjustmentMember
2018-03-31
0000103379
us-gaap:AccumulatedTranslationAdjustmentMember
2018-09-29
0000103379
us-gaap:AccumulatedTranslationAdjustmentMember
2018-04-01
2018-09-29
0000103379
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2018-09-29
0000103379
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2018-03-31
0000103379
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-09-29
0000103379
us-gaap:AccumulatedTranslationAdjustmentMember
2019-09-28
0000103379
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2019-06-29
0000103379
us-gaap:AccumulatedTranslationAdjustmentMember
2019-06-29
0000103379
us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember
2019-06-29
0000103379
us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember
2019-06-30
2019-09-28
0000103379
us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember
2019-09-28
0000103379
us-gaap:AccumulatedTranslationAdjustmentMember
2019-06-30
2019-09-28
0000103379
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2019-09-28
0000103379
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2019-06-30
2019-09-28
0000103379
us-gaap:AccumulatedTranslationAdjustmentMember
2019-03-30
0000103379
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2019-03-30
0000103379
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2019-03-30
0000103379
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2019-03-31
2019-09-28
0000103379
us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember
2019-03-31
2019-09-28
0000103379
us-gaap:AccumulatedTranslationAdjustmentMember
2019-03-31
2019-09-28
0000103379
us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember
2019-03-30
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember
2019-06-30
2019-09-28
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2018-04-01
2018-09-29
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-07-01
2018-09-29
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetTransitionAssetObligationMember
2018-07-01
2018-09-29
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-04-01
2018-09-29
0000103379
us-gaap:InterestRateContractMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-07-01
2018-09-29
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-07-01
2018-09-29
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember
2018-04-01
2018-09-29
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2018-07-01
2018-09-29
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember
2019-06-30
2019-09-28
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2019-06-30
2019-09-28
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember
2018-07-01
2018-09-29
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember
2019-03-31
2019-09-28
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-04-01
2018-09-29
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember
2019-03-31
2019-09-28
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetTransitionAssetObligationMember
2019-03-31
2019-09-28
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2019-03-31
2019-09-28
0000103379
us-gaap:InterestRateContractMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-04-01
2018-09-29
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember
2019-06-30
2019-09-28
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetTransitionAssetObligationMember
2019-06-30
2019-09-28
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember
2018-04-01
2018-09-29
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember
2019-03-31
2019-09-28
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember
2018-07-01
2018-09-29
0000103379
us-gaap:InterestRateContractMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember
2019-06-30
2019-09-28
0000103379
us-gaap:InterestRateContractMember
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember
2019-03-31
2019-09-28
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember
2019-03-31
2019-09-28
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember
2019-06-30
2019-09-28
0000103379
us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetTransitionAssetObligationMember
2018-04-01
2018-09-29
0000103379
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-06-30
0000103379
us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
2018-07-01
2018-09-29
0000103379
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2018-06-30
0000103379
us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember
2018-07-01
2018-09-29
0000103379
us-gaap:AccumulatedTranslationAdjustmentMember
2018-06-30
0000103379
us-gaap:AccumulatedTranslationAdjustmentMember
2018-07-01
2018-09-29
0000103379
vfc:NonPerformanceBasedRestrictedStockMember
us-gaap:SpinoffMember
2019-05-22
0000103379
vfc:EmployeesMember
vfc:NonPerformanceBasedRestrictedStockMember
2019-03-31
2019-09-28
0000103379
us-gaap:RestrictedStockMember
2019-03-31
2019-09-28
0000103379
srt:MaximumMember
vfc:PerformanceBasedRestrictedStockUnitsMember
2019-09-28
0000103379
us-gaap:SpinoffMember
2019-05-22
0000103379
srt:MinimumMember
vfc:PerformanceBasedRestrictedStockUnitsMember
2019-09-28
0000103379
vfc:KeyEmployeesInInternationalJurisdictionsMember
vfc:NonPerformanceBasedRestrictedStockMember
2019-09-28
0000103379
us-gaap:SpinoffMember
2019-06-30
2019-09-28
0000103379
vfc:KeyEmployeesInInternationalJurisdictionsMember
vfc:NonPerformanceBasedRestrictedStockMember
us-gaap:ShareBasedCompensationAwardTrancheTwoMember
2019-03-31
2019-09-28
0000103379
vfc:EmployeesMember
vfc:NonPerformanceBasedRestrictedStockMember
2019-09-28
0000103379
vfc:KeyEmployeesInInternationalJurisdictionsMember
vfc:NonPerformanceBasedRestrictedStockMember
us-gaap:ShareBasedCompensationAwardTrancheOneMember
2019-03-31
2019-09-28
0000103379
us-gaap:RestrictedStockMember
us-gaap:SpinoffMember
2019-05-22
0000103379
srt:DirectorMember
vfc:NonPerformanceBasedRestrictedStockMember
2019-03-31
2019-09-28
0000103379
vfc:KeyEmployeesInInternationalJurisdictionsMember
vfc:NonPerformanceBasedRestrictedStockMember
2019-03-31
2019-09-28
0000103379
vfc:PerformanceBasedRestrictedStockUnitsMember
2019-03-31
2019-09-28
0000103379
vfc:EmployeesMember
vfc:NonPerformanceBasedRestrictedStockMember
us-gaap:ShareBasedCompensationAwardTrancheOneMember
2019-03-31
2019-09-28
0000103379
vfc:ShareholderReturnPerformanceStockAwardsMember
2019-03-31
2019-09-28
0000103379
vfc:PerformanceBasedRestrictedStockUnitsMember
us-gaap:SpinoffMember
2019-05-22
0000103379
vfc:EmployeesMember
vfc:NonPerformanceBasedRestrictedStockMember
us-gaap:ShareBasedCompensationAwardTrancheTwoMember
2019-03-31
2019-09-28
0000103379
us-gaap:SpinoffMember
2019-03-31
2019-09-28
0000103379
srt:MinimumMember
2019-03-31
2019-09-28
0000103379
srt:MaximumMember
2019-03-31
2019-09-28
0000103379
vfc:VFEuropeBVBAMember
us-gaap:DomesticCountryMember
us-gaap:AdministrationOfTheTreasuryBelgiumMember
2018-01-01
2018-01-31
0000103379
vfc:VFEuropeBVBAMember
us-gaap:DomesticCountryMember
us-gaap:AdministrationOfTheTreasuryBelgiumMember
2017-01-13
2017-01-13
0000103379
vfc:VFEuropeBVBAMember
us-gaap:DomesticCountryMember
us-gaap:AdministrationOfTheTreasuryBelgiumMember
2017-01-10
0000103379
us-gaap:OperatingSegmentsMember
2018-04-01
2018-09-29
0000103379
us-gaap:CorporateNonSegmentMember
2018-04-01
2018-09-29
0000103379
us-gaap:OperatingSegmentsMember
2019-06-30
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
2019-03-31
2019-09-28
0000103379
us-gaap:OperatingSegmentsMember
2018-07-01
2018-09-29
0000103379
us-gaap:CorporateNonSegmentMember
2019-03-31
2019-09-28
0000103379
us-gaap:CorporateNonSegmentMember
2019-06-30
2019-09-28
0000103379
us-gaap:CorporateNonSegmentMember
2018-07-01
2018-09-29
0000103379
us-gaap:SegmentContinuingOperationsMember
2018-07-01
2018-09-29
0000103379
us-gaap:SegmentContinuingOperationsMember
2018-04-01
2018-09-29
0000103379
vfc:EmployeesAndNonEmployeesStockOptionMember
2019-06-30
2019-09-28
0000103379
vfc:PerformanceBasedRestrictedStockUnitsMember
2019-06-30
2019-09-28
0000103379
vfc:PerformanceBasedRestrictedStockUnitsMember
2018-07-01
2018-09-29
0000103379
vfc:EmployeesAndNonEmployeesStockOptionMember
2018-07-01
2018-09-29
0000103379
vfc:EmployeesAndNonEmployeesStockOptionMember
2018-04-01
2018-09-29
0000103379
vfc:EmployeesAndNonEmployeesStockOptionMember
2019-03-31
2019-09-28
0000103379
vfc:PerformanceBasedRestrictedStockUnitsMember
2018-04-01
2018-09-29
0000103379
vfc:PerformanceBasedRestrictedStockUnitsMember
2019-03-31
2019-09-28
0000103379
us-gaap:FairValueInputsLevel2Member
us-gaap:EstimateOfFairValueFairValueDisclosureMember
2019-03-30
0000103379
us-gaap:FairValueInputsLevel2Member
us-gaap:EstimateOfFairValueFairValueDisclosureMember
2019-09-28
0000103379
us-gaap:CarryingReportedAmountFairValueDisclosureMember
2019-09-28
0000103379
us-gaap:SpinoffMember
2019-03-30
0000103379
us-gaap:CarryingReportedAmountFairValueDisclosureMember
2019-03-30
0000103379
us-gaap:FairValueInputsLevel2Member
us-gaap:BankTimeDepositsMember
2019-03-30
0000103379
us-gaap:FairValueInputsLevel1Member
2019-03-30
0000103379
us-gaap:FairValueInputsLevel3Member
2019-09-28
0000103379
us-gaap:BankTimeDepositsMember
2019-09-28
0000103379
us-gaap:FairValueInputsLevel3Member
us-gaap:BankTimeDepositsMember
2019-09-28
0000103379
us-gaap:FairValueInputsLevel1Member
2019-09-28
0000103379
us-gaap:FairValueInputsLevel2Member
2019-09-28
0000103379
us-gaap:FairValueInputsLevel3Member
us-gaap:MoneyMarketFundsMember
2019-03-30
0000103379
us-gaap:FairValueInputsLevel1Member
us-gaap:MoneyMarketFundsMember
2019-03-30
0000103379
us-gaap:BankTimeDepositsMember
2019-03-30
0000103379
us-gaap:FairValueInputsLevel3Member
us-gaap:BankTimeDepositsMember
2019-03-30
0000103379
us-gaap:FairValueInputsLevel3Member
2019-03-30
0000103379
us-gaap:MoneyMarketFundsMember
2019-03-30
0000103379
us-gaap:FairValueInputsLevel2Member
2019-03-30
0000103379
us-gaap:FairValueInputsLevel2Member
us-gaap:BankTimeDepositsMember
2019-09-28
0000103379
us-gaap:FairValueInputsLevel2Member
us-gaap:MoneyMarketFundsMember
2019-09-28
0000103379
us-gaap:FairValueInputsLevel2Member
us-gaap:MoneyMarketFundsMember
2019-03-30
0000103379
us-gaap:MoneyMarketFundsMember
2019-09-28
0000103379
us-gaap:FairValueInputsLevel1Member
us-gaap:BankTimeDepositsMember
2019-09-28
0000103379
us-gaap:FairValueInputsLevel1Member
us-gaap:MoneyMarketFundsMember
2019-09-28
0000103379
us-gaap:FairValueInputsLevel1Member
us-gaap:BankTimeDepositsMember
2019-03-30
0000103379
us-gaap:FairValueInputsLevel3Member
us-gaap:MoneyMarketFundsMember
2019-09-28
0000103379
us-gaap:ForeignExchangeContractMember
2018-07-01
2018-09-29
0000103379
us-gaap:ForeignExchangeContractMember
2018-04-01
2018-09-29
0000103379
us-gaap:ForeignExchangeContractMember
2019-03-31
2019-09-28
0000103379
us-gaap:ForeignExchangeContractMember
2019-06-30
2019-09-28
0000103379
us-gaap:ForeignExchangeContractMember
2019-09-28
0000103379
us-gaap:NetInvestmentHedgingMember
2019-06-30
2019-09-28
0000103379
us-gaap:NetInvestmentHedgingMember
2019-09-28
0000103379
us-gaap:NetInvestmentHedgingMember
2018-07-01
2018-09-29
0000103379
us-gaap:NetInvestmentHedgingMember
2018-04-01
2018-09-29
0000103379
us-gaap:ForeignExchangeContractMember
2018-09-29
0000103379
us-gaap:NetInvestmentHedgingMember
2019-03-31
2019-09-28
0000103379
us-gaap:LongTermDebtMember
2019-09-28
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:SalesMember
2018-04-01
2018-09-29
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:CostOfSalesMember
2018-04-01
2018-09-29
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2018-04-01
2018-09-29
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:CostOfSalesMember
2018-07-01
2018-09-29
0000103379
us-gaap:InterestRateContractMember
us-gaap:InterestExpenseMember
2019-06-30
2019-09-28
0000103379
us-gaap:InterestRateContractMember
us-gaap:InterestExpenseMember
2018-07-01
2018-09-29
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:CostOfSalesMember
2019-03-31
2019-09-28
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2018-07-01
2018-09-29
0000103379
us-gaap:InterestRateContractMember
us-gaap:InterestExpenseMember
2019-03-31
2019-09-28
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:SalesMember
2019-03-31
2019-09-28
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:SalesMember
2019-06-30
2019-09-28
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:OtherNonoperatingIncomeExpenseMember
2019-03-31
2019-09-28
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2019-03-31
2019-09-28
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:CostOfSalesMember
2019-06-30
2019-09-28
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:SalesMember
2018-07-01
2018-09-29
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2019-06-30
2019-09-28
0000103379
us-gaap:InterestRateContractMember
us-gaap:InterestExpenseMember
2018-04-01
2018-09-29
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:OtherNonoperatingIncomeExpenseMember
2018-07-01
2018-09-29
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:OtherNonoperatingIncomeExpenseMember
2018-04-01
2018-09-29
0000103379
us-gaap:ForeignExchangeContractMember
us-gaap:OtherNonoperatingIncomeExpenseMember
2019-06-30
2019-09-28
0000103379
us-gaap:NondesignatedMember
2019-03-30
0000103379
us-gaap:NondesignatedMember
2018-09-29
0000103379
us-gaap:DesignatedAsHedgingInstrumentMember
2018-09-29
0000103379
us-gaap:DesignatedAsHedgingInstrumentMember
2019-09-28
0000103379
us-gaap:NondesignatedMember
2019-09-28
0000103379
us-gaap:DesignatedAsHedgingInstrumentMember
2019-03-30
0000103379
us-gaap:ForeignExchangeContractMember
2019-03-30
0000103379
us-gaap:CostOfSalesMember
2019-03-31
2019-09-28
0000103379
us-gaap:SellingGeneralAndAdministrativeExpensesMember
2019-03-31
2019-09-28
0000103379
vfc:AccruedCurrentLiabilitiesMember
2019-09-28
0000103379
us-gaap:OtherNoncurrentLiabilitiesMember
2019-09-28
0000103379
us-gaap:CostOfSalesMember
2019-06-30
2019-09-28
0000103379
us-gaap:EmployeeSeveranceMember
2019-03-31
2019-09-28
0000103379
us-gaap:OtherRestructuringMember
2019-03-31
2019-09-28
0000103379
us-gaap:OtherRestructuringMember
2019-09-28
0000103379
us-gaap:EmployeeSeveranceMember
2019-09-28
0000103379
us-gaap:EmployeeSeveranceMember
2019-03-30
0000103379
us-gaap:OtherRestructuringMember
2019-03-30
0000103379
us-gaap:DividendDeclaredMember
us-gaap:SubsequentEventMember
2019-12-20
xbrli:shares
iso4217:USD
xbrli:pure
iso4217:USD
xbrli:shares
iso4217:EUR
iso4217:NZD
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 28, 2019
or
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ________ to ________
Commission file number: 1-5256
V. F. CORPORATION
(Exact name of registrant as specified in its charter)
|
| | |
Pennsylvania | | 23-1180120 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. employer identification number) |
8505 E. Orchard Road
Greenwood Village, Colorado 80111
(Address of principal executive offices)
(720) 778-4000
(Registrant’s telephone number, including area code)
|
| | |
Securities registered pursuant to Section 12(b) of the Act: |
(Title of each class) | (Trading Symbol(s)) | (Name of each exchange on which registered) |
Common Stock, without par value, stated capital, $0.25 per share | VFC | New York Stock Exchange |
0.625% Senior Notes due 2023 | VFC23 | New York Stock Exchange |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
|
| | | | | | | |
| Large accelerated filer | | ☑ | | Accelerated filer | | ☐ |
| | | | |
| Non-accelerated filer | | ☐ | | Smaller reporting company | | ☐ |
| | | | | | | |
| | | | | Emerging growth company | | ☐ |
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ |
|
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑
On October 26, 2019, there were 399,373,631 shares of the registrant’s common stock outstanding.
VF CORPORATION
Table of Contents
PART I — FINANCIAL INFORMATION
|
|
ITEM 1 — FINANCIAL STATEMENTS (UNAUDITED). |
VF CORPORATION
Consolidated Balance Sheets
(Unaudited) |
| | | | | | | | | | | | | |
(In thousands, except share amounts) | | September 2019 | | | March 2019 | | September 2018 |
ASSETS | | | | | | | |
Current assets | | | | | | | |
Cash and equivalents | | $ | 507,605 |
| | | $ | 445,119 |
| | $ | 266,788 |
|
Accounts receivable, less allowance for doubtful accounts of: September 2019 ‑ $20,742; March 2019 - $19,638; September 2018 - $19,743 | | 1,976,154 |
| | | 1,465,855 |
| | 1,961,274 |
|
Inventories | | 1,890,716 |
| | | 1,432,660 |
| | 1,723,057 |
|
Other current assets | | 400,732 |
| | | 433,793 |
| | 422,287 |
|
Current assets held-for-sale | | — |
| | | — |
| | 159,852 |
|
Current assets of discontinued operations | | — |
| | | 896,030 |
| | 884,696 |
|
Total current assets | | 4,775,207 |
| | | 4,673,457 |
| | 5,417,954 |
|
Property, plant and equipment, net | | 871,601 |
| | | 915,177 |
| | 893,811 |
|
Intangible assets, net | | 1,919,770 |
| | | 1,972,364 |
| | 2,029,901 |
|
Goodwill | | 1,529,385 |
| | | 1,541,314 |
| | 1,543,143 |
|
Operating lease right-of-use assets | | 1,263,903 |
| | | — |
| | — |
|
Other assets | | 910,489 |
| | | 772,755 |
| | 763,762 |
|
Other assets of discontinued operations | | — |
| | | 481,718 |
| | 481,854 |
|
TOTAL ASSETS | | $ | 11,270,355 |
| | | $ | 10,356,785 |
| | $ | 11,130,425 |
|
LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | | | |
Current liabilities | | | | | | | |
Short-term borrowings | | $ | 484,321 |
| | | $ | 659,060 |
| | $ | 1,564,899 |
|
Current portion of long-term debt | | 4,986 |
| | | 5,263 |
| | 5,885 |
|
Accounts payable | | 550,700 |
| | | 580,867 |
| | 603,575 |
|
Accrued liabilities | | 1,364,331 |
| | | 1,154,932 |
| | 1,064,555 |
|
Current liabilities held-for-sale | | — |
| | | — |
| | 11,358 |
|
Current liabilities of discontinued operations | | — |
| | | 261,482 |
| | 258,424 |
|
Total current liabilities | | 2,404,338 |
| | | 2,661,604 |
| | 3,508,696 |
|
Long-term debt | | 2,090,922 |
| | | 2,115,884 |
| | 2,150,595 |
|
Operating lease liabilities | | 1,028,363 |
| | | — |
| | — |
|
Other liabilities | | 1,099,113 |
| | | 1,232,200 |
| | 1,246,962 |
|
Other liabilities of discontinued operations | | — |
| | | 48,581 |
| | 44,616 |
|
Commitments and contingencies | |
| | |
| |
|
Total liabilities | | 6,622,736 |
| | | 6,058,269 |
| | 6,950,869 |
|
Stockholders’ equity | | | | | | | |
Preferred Stock, par value $1; shares authorized, 25,000,000; no shares outstanding at September 2019, March 2019 or September 2018 | | — |
| | | — |
| | — |
|
Common Stock, stated value $0.25; shares authorized, 1,200,000,000; shares outstanding at September 2019 – 398,865,790; March 2019 – 396,824,662; September 2018 – 397,161,808 | | 99,716 |
| | | 99,206 |
| | 99,290 |
|
Additional paid-in capital | | 4,072,640 |
| | | 3,921,784 |
| | 3,795,395 |
|
Accumulated other comprehensive income (loss) | | (930,725 | ) | | | (902,075 | ) | | (862,916 | ) |
Retained earnings | | 1,405,988 |
| | | 1,179,601 |
| | 1,147,787 |
|
Total stockholders’ equity | | 4,647,619 |
| | | 4,298,516 |
| | 4,179,556 |
|
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | | $ | 11,270,355 |
| | | $ | 10,356,785 |
| | $ | 11,130,425 |
|
See notes to consolidated financial statements.
3 VF Corporation Q2 FY20 Form 10-Q
VF CORPORATION
Consolidated Statements of Income
(Unaudited)
|
| | | | | | | | | | | | | | | | | | | |
| | Three Months Ended September | | | Six Months Ended September |
| | | | | | | | | | | |
(In thousands, except per share amounts) | | 2019 | | | 2018 | | | 2019 | | | 2018 |
Net revenues | | $ | 3,393,268 |
| | | $ | 3,219,390 |
| | | $ | 5,664,747 |
| | | $ | 5,356,525 |
|
Costs and operating expenses | | | | | | | | | | | |
Cost of goods sold | | 1,597,307 |
| | | 1,545,391 |
| | | 2,633,421 |
| | | 2,550,680 |
|
Selling, general and administrative expenses | | 1,216,896 |
| | | 1,129,013 |
| | | 2,318,969 |
| | | 2,147,760 |
|
Total costs and operating expenses | | 2,814,203 |
| | | 2,674,404 |
| | | 4,952,390 |
| | | 4,698,440 |
|
Operating income | | 579,065 |
| | | 544,986 |
| | | 712,357 |
| | | 658,085 |
|
Interest income | | 4,983 |
| | | 1,484 |
| | | 12,112 |
| | | 3,630 |
|
Interest expense | | (20,810 | ) | | | (28,305 | ) | | | (42,937 | ) | | | (55,304 | ) |
Other income (expense), net | | (1,813 | ) | | | (31,970 | ) | | | 3,785 |
| | | (51,395 | ) |
Income from continuing operations before income taxes | | 561,425 |
| | | 486,195 |
| | | 685,317 |
| | | 555,016 |
|
Income tax expense (benefit) | | (87,576 | ) | | | 70,071 |
| | | (60,933 | ) | | | 77,528 |
|
Income from continuing operations | | 649,001 |
| | | 416,124 |
| | | 746,250 |
| | | 477,488 |
|
Income (loss) from discontinued operations, net of tax | | — |
| | | 90,997 |
| | | (48,028 | ) | | | 189,991 |
|
Net income | | $ | 649,001 |
| | | $ | 507,121 |
| | | $ | 698,222 |
| | | $ | 667,479 |
|
Earnings (loss) per common share - basic | | | | | | | | | | | |
Continuing operations | | $ | 1.63 |
| | | $ | 1.05 |
| | | $ | 1.88 |
| | | $ | 1.21 |
|
Discontinued operations | | — |
| | | 0.23 |
| | | (0.12 | ) | | | 0.48 |
|
Total earnings per common share - basic | | $ | 1.63 |
| | | $ | 1.28 |
| | | $ | 1.76 |
| | | $ | 1.69 |
|
Earnings (loss) per common share - diluted | | | | | | | | | | | |
Continuing operations | | $ | 1.61 |
| | | $ | 1.04 |
| | | $ | 1.86 |
| | | $ | 1.19 |
|
Discontinued operations | | — |
| | | 0.23 |
| | | (0.12 | ) | | | 0.47 |
|
Total earnings per common share - diluted | | $ | 1.61 |
| | | $ | 1.26 |
| | | $ | 1.74 |
| | | $ | 1.67 |
|
Weighted average shares outstanding | | | | | | | | | | | |
Basic | | 397,751 |
| | | 395,892 |
| | | 397,239 |
| | | 395,029 |
|
Diluted | | 402,261 |
| | | 401,939 |
| | | 402,088 |
| | | 400,744 |
|
See notes to consolidated financial statements.
VF Corporation Q2 FY20 Form 10-Q 4
VF CORPORATION
Consolidated Statements of Comprehensive Income
(Unaudited)
|
| | | | | | | | | | | | | | | | | | | |
| | Three Months Ended September | | | Six Months Ended September |
| | | | | | | | | | | |
(In thousands) | | 2019 | | | 2018 | | | 2019 | | | 2018 |
Net income | | $ | 649,001 |
| | | $ | 507,121 |
| | | $ | 698,222 |
| | | $ | 667,479 |
|
Other comprehensive income (loss) | | | | | | | | | | | |
Foreign currency translation and other | | | | | | | | | | | |
Losses arising during the period | | (70,473 | ) | | | (12,600 | ) | | | (57,644 | ) | | | (173,758 | ) |
Income tax effect | | (8,912 | ) | | | (1,623 | ) | | | (5,969 | ) | | | (15,335 | ) |
Defined benefit pension plans | | | | | | | | | | | |
Current period actuarial gains (losses) | | (14,610 | ) | | | (1,898 | ) | | | (14,610 | ) | | | 52,042 |
|
Amortization of net deferred actuarial losses | | 4,014 |
| | | 6,655 |
| | | 8,033 |
| | | 15,477 |
|
Amortization of deferred prior service costs (credits) | | 12 |
| | | (59 | ) | | | 25 |
| | | 610 |
|
Reclassification of net actuarial loss from settlement charge | | 519 |
| | | 1,342 |
| | | 519 |
| | | 8,184 |
|
Reclassification of deferred prior service cost due to curtailments | | — |
| | | — |
| | | — |
| | | 9,483 |
|
Income tax effect | | 2,207 |
| | | (1,562 | ) | | | 499 |
| | | (22,217 | ) |
Derivative financial instruments | | | | | | | | | | | |
Gains arising during the period | | 51,396 |
| | | 15,240 |
| | | 66,170 |
| | | 109,869 |
|
Income tax effect | | (7,048 | ) | | | (89 | ) | | | (10,922 | ) | | | (11,447 | ) |
Reclassification to net income for (gains) losses realized | | (23,688 | ) | | | 13,846 |
| | | (34,183 | ) | | | 30,163 |
|
Income tax effect | | 3,244 |
| | | (90 | ) | | | 6,000 |
| | | (1,957 | ) |
Other comprehensive income (loss) | | (63,339 | ) | | | 19,162 |
| | | (42,082 | ) | | | 1,114 |
|
Comprehensive income | | $ | 585,662 |
| | | $ | 526,283 |
| | | $ | 656,140 |
| | | $ | 668,593 |
|
See notes to consolidated financial statements.
5 VF Corporation Q2 FY20 Form 10-Q
VF CORPORATION
Consolidated Statements of Cash Flows
(Unaudited)
|
| | | | | | | | | |
| | Six Months Ended September |
| | | | | |
(In thousands) | | 2019 | | | 2018 |
OPERATING ACTIVITIES | | | | | |
Net income | | $ | 698,222 |
| | | $ | 667,479 |
|
Income (loss) from discontinued operations, net of tax | | (48,028 | ) | | | 189,991 |
|
Income from continuing operations, net of tax | | 746,250 |
| | | 477,488 |
|
Adjustments to reconcile net income to cash used by operating activities: | | | | | |
Depreciation and amortization, including operating lease right-of-use assets | | 321,129 |
| | | 129,259 |
|
Stock-based compensation | | 71,419 |
| | | 46,669 |
|
Provision for doubtful accounts | | 6,234 |
| | | 6,714 |
|
Pension expense in excess of (less than) contributions | | (6,125 | ) | | | 1,595 |
|
Loss on sale of businesses, net of tax | | — |
| | | 29,791 |
|
Other, net | | (99,762 | ) | | | 21,604 |
|
Changes in operating assets and liabilities: | | | | | |
Accounts receivable | | (544,133 | ) | | | (806,080 | ) |
Inventories | | (474,417 | ) | | | (384,093 | ) |
Accounts payable | | (23,959 | ) | | | 124,101 |
|
Income taxes | | (47,082 | ) | | | (91,183 | ) |
Accrued liabilities | | (125,950 | ) | | | 333,511 |
|
Operating lease right-of-use assets and liabilities | | (227,609 | ) | | | — |
|
Other assets and liabilities | | 25,314 |
| | | 14,939 |
|
Cash used by operating activities - continuing operations | | (378,691 | ) | | | (95,685 | ) |
Cash provided by operating activities - discontinued operations | | 13,213 |
| | | 198,636 |
|
Cash provided (used) by operating activities | | (365,478 | ) | | | 102,951 |
|
INVESTING ACTIVITIES | | | | | |
Business acquisitions, net of cash received | | — |
| | | (320,405 | ) |
Proceeds from sale of businesses, net of cash sold | | — |
| | | 288,273 |
|
Capital expenditures | | (108,596 | ) | | | (129,582 | ) |
Software purchases | | (25,576 | ) | | | (32,710 | ) |
Other, net | | 59,087 |
| | | (9,979 | ) |
Cash used by investing activities - continuing operations | | (75,085 | ) | | | (204,403 | ) |
Cash used by investing activities - discontinued operations | | (2,327 | ) | | | (13,924 | ) |
Cash used by investing activities | | (77,412 | ) | | | (218,327 | ) |
FINANCING ACTIVITIES | | | | | |
Net increase (decrease) in short-term borrowings | | (168,421 | ) | | | 40,219 |
|
Payments on long-term debt | | (2,868 | ) | | | (3,107 | ) |
Purchases of treasury stock | | — |
| | | (480 | ) |
Cash dividends paid | | (373,604 | ) | | | (363,851 | ) |
Cash received from Kontoor Brands, net of cash transferred of $126.8 million | | 906,148 |
| | | — |
|
Proceeds from issuance of Common Stock, net of shares withheld for taxes | | 50,659 |
| | | 130,114 |
|
Cash provided (used) by financing activities | | 411,914 |
| | | (197,105 | ) |
Effect of foreign currency rate changes on cash, cash equivalents and restricted cash | | (5,385 | ) | | | (17,270 | ) |
Net change in cash, cash equivalents and restricted cash | | (36,361 | ) | | | (329,751 | ) |
Cash, cash equivalents and restricted cash – beginning of year | | 556,587 |
| | | 689,190 |
|
Cash, cash equivalents and restricted cash – end of period | | $ | 520,226 |
| | | $ | 359,439 |
|
Continued on next page.
See notes to consolidated financial statements.
VF Corporation Q2 FY20 Form 10-Q 6
VF CORPORATION
Consolidated Statements of Cash Flows
(Unaudited)
|
| | | | | | | | | |
| | Six Months Ended September |
| | | | | |
(In thousands) | | 2019 | | | 2018 |
Balances per Consolidated Balance Sheets: | | | | | |
Cash and cash equivalents | | $ | 507,605 |
| | | $ | 266,788 |
|
Other current assets | | 2,748 |
| | | 3,919 |
|
Current assets held-for-sale | | — |
| | | 2,059 |
|
Current and other assets of discontinued operations | | — |
| | | 86,009 |
|
Other assets | | 9,873 |
| | | 664 |
|
Total cash, cash equivalents and restricted cash | | $ | 520,226 |
| | | $ | 359,439 |
|
See notes to consolidated financial statements.
7 VF Corporation Q2 FY20 Form 10-Q
VF CORPORATION
Consolidated Statements of Stockholders’ Equity
(Unaudited)
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended September 2019 | |
| | | | | Additional Paid-in Capital | | Accumulated Other Comprehensive Income (Loss) | | Retained Earnings | | | |
| Common Stock | | | | | | |
(In thousands, except share amounts) | Shares | | Amounts | | | | | Total | |
Balance, June 2019 | 397,922,120 |
| | $ | 99,481 |
| | $ | 3,988,385 |
| | $ | (867,386 | ) | | $ | 931,134 |
| | $ | 4,151,614 |
| |
Net income | — |
| | — |
| | — |
| | — |
| | 649,001 |
| | 649,001 |
| |
Dividends on Common Stock ($0.43 per share) | — |
| | — |
| | — |
| | — |
| | (171,066 | ) | | (171,066 | ) | |
Stock-based compensation, net | 943,670 |
| | 235 |
| | 84,255 |
| | — |
| | (3,081 | ) | | 81,409 |
| |
Foreign currency translation and other | — |
| | — |
| | — |
| | (79,385 | ) | | — |
| | (79,385 | ) | |
Defined benefit pension plans | — |
| | — |
| | — |
| | (7,858 | ) | | — |
| | (7,858 | ) | |
Derivative financial instruments | — |
| | — |
| | — |
| | 23,904 |
| | — |
| | 23,904 |
| |
Balance, September 2019 | 398,865,790 |
| | $ | 99,716 |
| | $ | 4,072,640 |
| | $ | (930,725 | ) | | $ | 1,405,988 |
| | $ | 4,647,619 |
| |
| | | | | | | | | | | | |
| Three Months Ended September 2018 | |
| | | | | Additional Paid-in Capital | | Accumulated Other Comprehensive Income (Loss) | | Retained Earnings | | | |
| Common Stock | | | | | | |
(In thousands, except share amounts) | Shares | | Amounts | | | | | Total | |
Balance, June 2018 | 395,509,138 |
| | $ | 98,877 |
| | $ | 3,688,529 |
| | $ | (882,078 | ) | | $ | 825,788 |
| | $ | 3,731,116 |
| |
Net income | — |
| | — |
| | — |
| | — |
| | 507,121 |
| | 507,121 |
| |
Dividends on Common Stock ($0.46 per share) | — |
| | — |
| | — |
| | — |
| | (182,334 | ) | | (182,334 | ) | |
Purchase of treasury stock | (5,210 | ) | | (1 | ) | | — |
| | — |
| | (479 | ) | | (480 | ) | |
Stock-based compensation, net | 1,657,880 |
| | 414 |
| | 106,866 |
| | — |
| | (2,309 | ) | | 104,971 |
| |
Foreign currency translation and other | — |
| | — |
| | — |
| | (14,223 | ) | | — |
| | (14,223 | ) | |
Defined benefit pension plans | — |
| | — |
| | — |
| | 4,478 |
| | — |
| | 4,478 |
| |
Derivative financial instruments | — |
| | — |
| | — |
| | 28,907 |
| | — |
| | 28,907 |
| |
Balance, September 2018 | 397,161,808 |
| | $ | 99,290 |
| | $ | 3,795,395 |
| | $ | (862,916 | ) | | $ | 1,147,787 |
| | $ | 4,179,556 |
| |
Continued on next page.
See notes to consolidated financial statements.
VF Corporation Q2 FY20 Form 10-Q 8
VF CORPORATION
Consolidated Statements of Stockholders’ Equity
(Unaudited)
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Six Months Ended September 2019 |
| | | | | Additional Paid-in Capital | | Accumulated Other Comprehensive Income (Loss) | | Retained Earnings | | | |
| Common Stock | | | | | | |
(In thousands, except share amounts) | Shares | | Amounts | | | | | Total | |
Balance, March 2019 | 396,824,662 |
| | $ | 99,206 |
| | $ | 3,921,784 |
| | $ | (902,075 | ) | | $ | 1,179,601 |
| | $ | 4,298,516 |
| |
Adoption of new accounting standard, ASU 2016-02 | — |
| | — |
| | — |
| | — |
| | (2,491 | ) | | (2,491 | ) | |
Adoption of new accounting standard, ASU 2018-02 | — |
| | — |
| | — |
| | (61,861 | ) | | 61,861 |
| | — |
| |
Net income | — |
|
|