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<div>
<p class="MsoNormal">
<a name="_AUCa829cb33c99f45c3803e694771221a15"><b style=
"mso-bidi-font-weight:normal"><span style=
"font-size:12.0pt">Note M – Derivative Financial Instruments
and Hedging Activities</span></b></a>
</p>
<p class="MsoNormal">
<span><b style="mso-bidi-font-weight:normal"><span style=
"font-size:12.0pt"> </span></b></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">VF is exposed to risks
in its ongoing business operations.<span style=
"mso-spacerun:yes"> </span> Some of these risks are managed
by using derivative financial instruments.<span style=
"mso-spacerun:yes"> </span> Derivative financial instruments
are contracts whose value is based on, or “derived” from,
changes in the value of an underlying currency exchange rate,
interest rate or other financial asset or index.<span style=
"mso-spacerun:yes"> </span></span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">VF conducts business in
many foreign countries and therefore is subject to movements
in foreign currency exchange rates.<span style=
"mso-spacerun:yes"> </span> Exchange rate fluctuations can
have a significant effect on the translated U.S. dollar value
of operating results and net assets denominated in foreign
currencies.<span style="mso-spacerun:yes"> </span> VF does
not attempt to manage translation risk but does use
derivative contracts to manage the exchange rate risk of
specified cash flows or transactions denominated in various
foreign currencies.<span style="mso-spacerun:yes"> </span> VF
manages exchange rate risk on a consolidated basis, which
allows exposures to be netted.<span style=
"mso-spacerun:yes"> </span> Use of derivative financial
instruments allows VF to reduce the overall exposure to risks
in its cash flows and earnings, since gains and losses on
hedged exposures are offset by losses and gains in the value
of the derivative contracts. <i style=
"mso-bidi-font-style:normal"><span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes"> </span></i>In addition, in prior years VF
had used derivatives in limited instances to hedge interest
rate risk.<span style=
"mso-spacerun:yes"> </span></span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal" style="text-indent:.5in">
<span><i style="mso-bidi-font-style:normal"><span style=
"font-size:12.0pt">Accounting for derivative
instruments</span></i></span> <span><span style=
"font-size:12.0pt">– Statement 133(R) requires companies to
recognize all derivative instruments as either assets or
liabilities at their fair value.<span style=
"mso-spacerun:yes"> </span> The accounting for changes in the
fair value (i.e., gains and losses) of derivative instruments
depends on whether a derivative has been designated and
qualifies as part of a hedging relationship and on the type
of hedging relationship.<span style=
"mso-spacerun:yes"> </span> The criteria used to determine if
a derivative instrument qualifies for hedge accounting
treatment are (i) whether an appropriate hedging instrument
has been identified and designated to reduce a specific
exposure and (ii) whether there is a high correlation between
changes in the fair value of the hedging instrument and the
identified exposure.<span style="mso-spacerun:yes"> </span> A
qualifying derivative is designated for accounting purposes,
based on the nature of the hedging relationship, as a fair
value hedge, cash flow hedge or a hedge of a net investment
in a foreign business.<span style="mso-spacerun:yes"> </span>
VF’s hedging practices and related accounting policies are
described in separate sections below.<span style=
"mso-spacerun:yes"> </span> VF considers its foreign
businesses to be long-term investments and accordingly does
not hedge those net investments.<span style=
"mso-spacerun:yes"> </span> VF does not use derivative
instruments for trading or speculative purposes.<span style=
"mso-spacerun:yes"> </span> Hedging cash flows are classified
in the statements of cash flows in the same category as the
items being hedged.</span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">VF formally documents
hedging instruments and hedging relationships at the
inception of each contract.<span style=
"mso-spacerun:yes"> </span> Further, VF assesses, both at the
inception of a contract and on an ongoing basis, whether the
hedging instruments are effective in offsetting the risk of
the hedged transactions.<span style=
"mso-spacerun:yes"> </span> Occasionally, a portion of a
derivative instrument will be considered ineffective in
hedging the originally identified exposure due to a decline
in amount or a change in timing of the hedged
exposure.<span style="mso-spacerun:yes"> </span> In those
cases, hedge accounting treatment is discontinued for the
ineffective portion of that hedging instrument.</span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">The counterparties to
the derivative contracts consist of financial institutions
having A-rated investment grade credit ratings.<span style=
"mso-spacerun:yes"> </span> To manage its credit risk, VF
continually monitors the credit risks of its counterparties,
limits its exposure in the aggregate and to any single
counterparty, and adjusts its hedging positions as
appropriate.<span style="mso-spacerun:yes"> </span> The
impact of VF’s credit risk and the credit risk of its
counterparties, as well as the ability of each party to
fulfill its obligations under the contracts, is considered in
determining the fair value of the foreign currency forward
contracts.<span style="mso-spacerun:yes"> </span> Credit risk
has not had a significant effect on the fair value of VF’s
derivative contracts.<span style="mso-spacerun:yes"> </span>
VF does not have any credit risk-related contingent features
or collateral requirements with its derivative
contracts.<span style=
"mso-spacerun:yes">    </span></span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal" style="text-indent:.5in">
<span><i style="mso-bidi-font-style:normal"><span style=
"font-size:12.0pt">Summary of derivative
instruments</span></i></span> <span><span style=
"font-size:12.0pt">– All of VF’s derivative instruments meet
the criteria for hedge accounting at the inception of the
hedging relationship.<span style="mso-spacerun:yes"> </span>
However, derivative instruments that are cash flow hedges of
forecasted cash receipts are dedesignated as hedges near the
end of their term.<span style="mso-spacerun:yes"> </span>
Accordingly, those instruments do not qualify for hedge
accounting after the date of dedesignation.<span style=
"mso-spacerun:yes"> </span> Total notional amounts of
outstanding derivative contracts at June 2009 and December
2008 were $786 million and $628 million, respectively,
consisting of contracts hedging primarily exposures to the
euro, British pound, Mexican peso and Canadian
dollar.<span style="mso-spacerun:yes"> </span> Derivative
contracts, consisting of forward exchange contracts, have
maturities ranging from one month to 18 months.<span style=
"mso-spacerun:yes"> </span> Amounts of outstanding
derivatives in the following table are presented on an
individual contract basis:</span></span>
</p>
<p class="MsoNormal">
<span><span style="mso-bidi-font-size:12.0pt"> </span></span>
</p>
<table class="MsoNormalTable" border="0" cellspacing="0"
cellpadding="0" style=
"margin-left:4.65pt;border-collapse:collapse;mso-padding-alt:0in 5.4pt 0in 5.4pt">
<tr style=
"mso-yfti-irow:0;mso-yfti-firstrow:yes;height:15.0pt">
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">In
thousands</span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Derivatives
with</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Derivatives
with</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:1;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Unrealized
Gains</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Unrealized
Losses</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:2;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">at Fair
Value</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">at Fair
Value</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:3;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">June</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">December</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">June</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">December</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:4;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2009</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2008</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2009</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2008</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:5;height:15.0pt">
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Foreign exchange
contracts</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:6;height:15.0pt">
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" style=
"text-indent:11.0pt;mso-char-indent-count:1.0">
<span><span style="font-size:11.0pt">designated as
hedging instruments</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">  </span> 4,756</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">   </span> 13,529</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 24,755</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">   </span> 38,474</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:7;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" style=
"text-indent:11.0pt;mso-char-indent-count:1.0">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:8;height:15.0pt">
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Foreign exchange
contracts</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:9;height:15.0pt">
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" style=
"text-indent:11.0pt;mso-char-indent-count:1.0">
<span><span style="font-size:11.0pt">not designated as
hedging instruments</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">   </span>341</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">              </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span> <span style=
"mso-spacerun:yes">  </span><span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">    </span>418</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">              </span>
-</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:10;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
</tr>
<tr style=
"mso-yfti-irow:11;mso-yfti-lastrow:yes;height:15.75pt">
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Total
derivatives</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">  </span> 5,097</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">   </span> 13,529</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 25,173</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">   </span> 38,474</span></span>
</p>
</td>
</tr>
</table>
<p class="MsoNormal">
<span><span style="mso-bidi-font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="mso-bidi-font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">The amounts above have
been aggregated by counterparty for presentation in our
Consolidated Balance Sheets and classified as current or
noncurrent based on the derivatives’ maturity dates, as
follows:</span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<table class="MsoNormalTable" border="0" cellspacing="0"
cellpadding="0" style=
"margin-left:4.65pt;border-collapse:collapse;mso-padding-alt:0in 5.4pt 0in 5.4pt">
<tr style=
"mso-yfti-irow:0;mso-yfti-firstrow:yes;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">In
thousands</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">June
2009</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">December
2008</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:1;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:2;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Other current
assets</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">                         </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">                       </span>
1,089</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:3;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Accrued current
liabilities</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                    </span>
18,877</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                        </span>
26,034</span></span>
</p>
</td>
</tr>
<tr style=
"mso-yfti-irow:4;mso-yfti-lastrow:yes;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Other liabilities
(noncurrent)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                     </span>
1,199</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                                </span>
-</span></span>
</p>
</td>
</tr>
</table>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal" style="text-indent:.5in">
<span><i style="mso-bidi-font-style:normal"><span style=
"font-size:12.0pt">VF’s fair value hedge strategies and
accounting policies</span></i></span> <span><span style=
"font-size:12.0pt">– VF has a hedging program to reduce the
risk that the future cash flows for firm commitments will be
negatively impacted by changes in foreign currency exchange
rates.<span style="mso-spacerun:yes"> </span> VF enters into
derivative contracts to hedge intercompany loans between the
United States and a foreign subsidiary or between two foreign
subsidiaries having different functional
currencies.<span style=
"mso-spacerun:yes"> </span></span></span>
</p>
<p class="MsoNormal" style="text-indent:.5in">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">For a derivative
instrument that is designated and qualifies as a fair value
hedge (i.e., hedging the exposure to changes in the fair
value of an asset or liability attributable to a particular
risk), changes in the fair value of the derivative are
recognized in earnings as an offset, on the same line, to the
earnings impact of the underlying hedged item.<span style=
"mso-spacerun:yes"> </span></span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">Following is a summary
of the effects of fair value hedging relationships included
in VF’s Consolidated Statements of Income:</span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<table class="MsoNormalTable" border="0" cellspacing="0"
cellpadding="0" style=
"margin-left:4.65pt;border-collapse:collapse;mso-padding-alt:0in 5.4pt 0in 5.4pt">
<tr style=
"mso-yfti-irow:0;mso-yfti-firstrow:yes;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span>In thousands</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Location</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:1;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>of Gain</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="mso-spacerun:yes"> </span>Gain
(Loss) on</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Location of</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="mso-spacerun:yes"> </span>Gain
(Loss) on Related</b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:2;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>(Loss) on</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Derivatives Recognized</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Hedged Items</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="mso-spacerun:yes"> </span>Gain
(Loss)</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Hedged Items Recognized</b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:3;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Fair Value</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Derivatives</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="mso-spacerun:yes"> </span>in
Income for Periods</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>In Fair Value</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"mso-spacerun:yes"> </span>Recognized</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>in Income for Periods</b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:4;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Hedging</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Recognized</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Ended June 2009</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Hedge</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>on Related</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="mso-spacerun:yes"> </span>Ended
June 2009</b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:5;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Relationships</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>in Income</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Three Months</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Six Months</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Relationships</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Hedged Items</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Three Months</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Six Months</b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:6;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:7;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span>Foreign</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span>Other Income</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span>Advances –</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span>Other Income</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
</tr>
<tr style=
"mso-yfti-irow:8;mso-yfti-lastrow:yes;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" style=
"text-indent:10.0pt;mso-char-indent-count:1.0">
<span>exchange</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" style=
"text-indent:10.0pt;mso-char-indent-count:1.0">
<span>(Expense)</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">          </span> (2,764)</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">      </span> 8,104</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal" style=
"text-indent:10.0pt;mso-char-indent-count:1.0">
<span>intercompany</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" style=
"text-indent:10.0pt;mso-char-indent-count:1.0">
<span>(Expense)</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">           </span> 2,528</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">     </span> (8,799)</span>
</p>
</td>
</tr>
</table>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal" style="text-indent:.5in">
<span><i style="mso-bidi-font-style:normal"><span style=
"font-size:12.0pt">VF’s cash flow hedge strategies and
accounting policies</span></i></span> <span><span style=
"font-size:12.0pt">– VF has a hedging program to reduce the
variability of forecasted cash flows denominated in foreign
currencies.<span style="mso-spacerun:yes"> </span> VF uses
derivative contracts to hedge a portion of the exchange risk
for its forecasted inventory purchases and production costs
and for its forecasted cash receipts arising from sales of
inventory.<span style="mso-spacerun:yes"> </span> In
addition, VF hedges the receipt in the United States of
forecasted intercompany royalties from its foreign
subsidiaries.<span style=
"mso-spacerun:yes"> </span></span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">For a derivative
instrument that is designated and qualifies as a cash flow
hedge (i.e., hedging the exposure to variability in expected
cash flows attributable to a particular risk), periodic
changes in the fair value of the effective portion of the
derivative are reported as a component of other comprehensive
income (“OCI”) and deferred in accumulated other
comprehensive income (loss) in the balance sheet.<span style=
"mso-spacerun:yes"> </span> The deferred derivative gain or
loss is reclassified into earnings as an offset, on the same
line, to the earnings impact of the underlying hedged
transaction (e.g., in cost of goods sold when the hedged
inventories are sold, or in net sales when the hedged item
relates to cash receipts from forecasted sales). <i style=
"mso-bidi-font-style:normal"><span style=
"mso-spacerun:yes"> </span></i>As discussed in the following
section, cash flow hedges of forecasted cash receipts are
dedesignated as hedges when the sale is recorded, and hedge
accounting is not applied after that date.<span style=
"mso-spacerun:yes"> </span></span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">Following is a summary
of the effects of cash flow hedging relationships included in
VF’s Consolidated Statements of Income:</span></span>
</p>
<p class="MsoNormal">
<span><span style="mso-bidi-font-size:12.0pt"> </span></span>
</p>
<table class="MsoNormalTable" border="0" cellspacing="0"
cellpadding="0" style=
"margin-left:4.65pt;border-collapse:collapse;mso-padding-alt:0in 5.4pt 0in 5.4pt">
<tr style=
"mso-yfti-irow:0;mso-yfti-firstrow:yes;height:13.5pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><a name="RANGE!A1:K15"><span style=
"font-size:10.5pt">In thousands</span></a></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:10.5pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="mso-spacerun:yes"> </span>Gain
(Loss) Reclassified</b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:1;height:13.5pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style="font-size:10.5pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:10.5pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Gain (Loss) on Derivatives</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Location of Gain</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>from Accumulated</b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:2;height:13.5pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Cash Flow</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:10.5pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Recognized in OCI for</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="mso-spacerun:yes"> </span>(Loss)
Reclassified</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>OCI into Income for</b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:3;height:13.5pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Hedging</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:10.5pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Periods Ended June 2009</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="mso-spacerun:yes"> </span>from
Accumulated</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="mso-spacerun:yes"> </span>Periods
Ended June 2009</b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:4;height:13.5pt">
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Relationships</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:10.5pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Three Months</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Six Months</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>OCI into Income</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b> </b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Three Months</b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><b><span style=
"font-family:Arial Narrow;mso-bidi-font-family:Arial"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:13.5pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b>Six Months</b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:5;height:13.5pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style="font-size:10.5pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style="font-size:10.5pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style=
"font-size:10.5pt;font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style="font-size:10.5pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style=
"font-size:10.5pt;font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style="font-size:10.5pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style="font-size:10.5pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style="font-size:10.5pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style="font-size:10.5pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style=
"font-size:10.5pt;font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style=
"font-size:10.5pt;font-family:Arial"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:6;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span>Foreign</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:7;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" style=
"text-indent:10.0pt;mso-char-indent-count:1.0">
<span>exchange</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">        </span> (13,658)</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">      </span> (1,277)</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span>Net sales</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">                </span> (77)</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">           </span> (77)</span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:8;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" style=
"text-indent:10.0pt;mso-char-indent-count:1.0">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span>Cost of goods sold</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style=
"mso-spacerun:yes">                </span> 3,796</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="mso-spacerun:yes">      </span>
<span style="mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">    </span>4,993</span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:9;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" style=
"text-indent:10.0pt;mso-char-indent-count:1.0">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span>Royalty revenues –</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:10;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" style=
"text-indent:10.0pt;mso-char-indent-count:1.0">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal" style=
"text-indent:10.0pt;mso-char-indent-count:1.0">
<span>intercompany</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style=
"mso-spacerun:yes">              </span> (1,719)</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="mso-spacerun:yes">          </span>
<span style="mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">   </span>743</span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:11;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:12;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span>Interest rate</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal">
<span><span style=
"mso-spacerun:yes">                      </span>
-</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal">
<span><span style=
"mso-spacerun:yes">                  </span> -</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span>Interest expense</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal">
<span><span style=
"mso-spacerun:yes">                     </span>
29</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:12.75pt">
<p class="MsoNormal">
<span><span style="mso-spacerun:yes">           </span>
<span style="mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">    </span>58</span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:13;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
</tr>
<tr style=
"mso-yfti-irow:14;mso-yfti-lastrow:yes;height:13.5pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span>Total</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">        </span> (13,658)</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">      </span> (1,277)</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span> </span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">             </span> 2,029</span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:13.5pt">
<p class="MsoNormal">
<span><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">     </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">  </span>5,717</span>
</p>
</td>
</tr>
</table>
<p class="MsoNormal">
<span><span style="mso-bidi-font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">Amounts recognized in
earnings in the three and six months ended June 2009 for the
ineffective portion of cash flow hedging relationships were
not significant.<span style="mso-spacerun:yes"> </span>
<span style="mso-spacerun:yes">  </span></span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">At June 2009,
Accumulated Other Comprehensive Income (Loss) included $18.9
million of net deferred pretax losses for foreign exchange
contracts that are expected to be reclassified to earnings
during the next 12 months. <span style=
"mso-spacerun:yes"> </span>Actual amounts to be reclassified
to earnings will depend on exchange rates when currently
outstanding derivative contracts are settled.</span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">In addition, in 2003 VF
entered into an interest rate swap derivative contract to
hedge the interest rate risk for issuance of long-term debt
due in 2033.<span style="mso-spacerun:yes"> </span> The
contract was terminated concurrent with the issuance of the
debt, with the realized gain deferred in Accumulated Other
Comprehensive Income (Loss).<span style=
"mso-spacerun:yes"> </span> The remaining pretax gain of $2.8
million at June 2009, deferred in Accumulated Other
Comprehensive Income (Loss), will be reclassified into
earnings over the remaining term of the debt.</span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"><span style=
"mso-tab-count:1">           </span></span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt;color:black"><span style=
"mso-tab-count:1">           </span> <i>Derivative contracts
not designated as hedges</i> -- As noted in the preceding
section, cash flow hedges of forecasted cash receipts are
dedesignated as hedges when the forecasted sale is
recognized, and accordingly, hedge accounting is not applied
after the date of dedesignation. <span style=
"mso-spacerun:yes"> </span>These derivatives remain
outstanding and serve as an economic hedge of foreign
currency exposures related to the ultimate collection of the
trade receivables.<span style="mso-spacerun:yes"> </span>
During this period that hedge accounting is not applied,
changes in the fair value of the derivative contracts are
recognized directly in earnings.<span style=
"mso-spacerun:yes"> </span> For the three and six months
ended June 2009, VF recorded net losses of $0.1 million in
Other Income (Expense) for derivatives not designated as
hedging instruments.<span style=
"mso-spacerun:yes">  </span></span></span>
</p>
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<p class="MsoNormal" style=
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<a name="_AUCe0585059cfea465ca59cc5aaf2764b06"><b style=
"mso-bidi-font-weight: normal"><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;layout-grid-mode: line">
Note I – Stock-based Compensation</span></b></a>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoBodyText" style=
"line-height:12.0pt;mso-pagination:widow-orphan; tab-stops:.5in">
<span><span style="mso-bidi-font-size:12.0pt">During the first
six months of 2009, VF granted options for 1,349,163 shares of
Common Stock at an exercise price of $53.60, equal to the fair
market value of VF Common Stock on the date of
grant.<span style="mso-spacerun:yes"> </span> The options vest
in equal annual installments over a three year
period.<span style="mso-spacerun:yes"> </span> The fair value
of these options was estimated using a lattice valuation model
for employee groups having similar exercise behaviors, with the
following assumptions:<span style="mso-spacerun:yes"> </span>
expected volatility ranging from 48% to 33%, with a weighted
average of 38%; expected</span></span> <span><span style=
"mso-bidi-font-size:12.0pt; color:windowtext">term of 4.9 to
7.4 years; expected dividend yield of 3.5%; and risk-free
interest rate ranging from 0.5% at six months to 2.9% at 10
years.<span style="mso-spacerun:yes"> </span> The resulting
weighted average fair value of these options at the date of
grant was $15.38 per option.</span></span>
</p>
<p class="MsoBodyText" style=
"line-height:12.0pt;mso-pagination:widow-orphan; tab-stops:.5in">
<span><span style="mso-bidi-font-size:12.0pt;color:windowtext">
 </span></span>
</p><span><span style=
"font-size:12.0pt;font-family:Times New Roman;mso-fareast-font-family: Times New Roman;mso-ansi-language:EN-US;mso-fareast-language:EN-US; mso-bidi-language:AR-SA">Also
during the first six months of 2009, VF granted 376,291
performance-based restricted stock units.<span style=
"mso-spacerun:yes"> </span> Participants are eligible to
receive shares of VF Common Stock at the end of a three year
performance period.<span style="mso-spacerun:yes"> </span> The
actual number of shares that will be earned, if any, will be
based on VF’s performance over that period.<span style=
"mso-spacerun:yes"> </span> The grant date fair value of the
restricted stock units was $57.40 per unit.<span style=
"mso-spacerun:yes"> </span> In addition, VF granted 10,000
restricted stock units at a fair value of $57.38 per share.
<span style="mso-spacerun:yes"> </span>These units will vest in
2014, assuming continuation of employment by the grantees to
that date.<span style="mso-spacerun:yes"> </span></span></span>
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</style> </div>
<div>
<p class="MsoNormal" style=
"text-align:justify;mso-pagination:none;tab-stops: 34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<a name="_AUC51689545f0b941da94040b438c453ca5"><b style=
"mso-bidi-font-weight: normal"><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black; layout-grid-mode:line">
Note K</span> –</b></a> <span><b style=
"mso-bidi-font-weight:normal"><span style=
"font-size:12.0pt;mso-bidi-font-size: 10.0pt;color:black;layout-grid-mode:line">
Earnings Per Share</span></b></span>
</p>
<p class="MsoNormal" style=
"text-align:justify;mso-pagination:none;tab-stops: 34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
 </span></span>
</p>
<table class="MsoNormalTable" border="0" cellspacing="0"
cellpadding="0" style=
"margin-left:4.65pt;border-collapse:collapse;mso-padding-alt:0in 5.4pt 0in 5.4pt">
<tr style=
"mso-yfti-irow:0;mso-yfti-firstrow:yes;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Three
Months</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Six
Months</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:1;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Ended
June</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Ended
June</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:2;height:15.0pt">
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">In thousands,
except per share amount</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2009</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2008</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2009</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2008</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:3;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:4;height:15.0pt">
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Earnings per share
– basic:</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:5;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Net income
attributable to VF Corporation</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:6;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">common
stockholders</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">     </span> 75,527</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">   </span> 103,978</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">   </span> 176,466</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">   </span> 253,010</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:7;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:8;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Weighted average
Common Stock outstanding</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 110,243</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 108,711</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 110,116</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 109,040</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:9;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:10;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Earnings per share
attributable to VF</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:11;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Corporation common
stockholders</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">        </span> 0.69</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">        </span> 0.96</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ <span style=
"mso-spacerun:yes">        </span>1.60</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">        </span> 2.32</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:12;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:13;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:14;height:15.0pt">
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Earnings per share
– diluted:</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:15;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Net income
attributable to VF Corporation</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:16;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">common
stockholders</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">     </span> 75,527</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">   </span> 103,978</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">   </span> 176,466</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">   </span> 253,010</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:17;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:18;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Weighted average
Common Stock outstanding</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 110,243</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 108,711</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 110,116</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 109,040</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:19;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Stock options and
other dilutive securities</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">           </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes"> </span>998</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">  </span>2,274</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">   </span>1,015</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">    </span>2,396</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:20;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Weighted average
Common Stock and</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:21;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">dilutive
securities outstanding</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 111,241</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 110,985</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 111,131</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 111,436</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:22;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:23;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Earnings per share
attributable to VF</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style=
"mso-yfti-irow:24;mso-yfti-lastrow:yes;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Corporation common
stockholders</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">        </span> 0.68</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">        </span> 0.94</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">        </span> 1.59</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">        </span> 2.27</span></span>
</p>
</td>
</tr>
</table>
<p class="MsoNormal" style=
"text-align:justify;mso-pagination:none;tab-stops: 34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
 </span></span>
</p>
<p class="MsoNormal">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt">Outstanding
options to purchase 3.9 million shares and 4.8 million shares
of Common Stock for the three and six months ended June 2009,
respectively, and outstanding options to purchase 1.4 million
shares for the three and six months ended June 2008, were
excluded from the computation of diluted earnings per share
because the effect of their inclusion would have been
antidilutive.<span style="mso-spacerun:yes"> </span> In
addition, .6 million restricted stock units for the three
months and six months ended June 2009 and .5 million
restricted stock units for the comparable periods of the
prior year were excluded from the computation of diluted
earnings per share because they are subject to
performance-based vesting conditions that had not been
achieved by the end of those periods.<span style=
"mso-spacerun:yes"> </span></span></span>
</p>
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<div>
<h1>
<a name="_AUC2c3b24d18c35490f8f56a6a7267d7803">Note L – Fair
Value Measurements</a>
</h1>
<p class="MsoNormal">
<span> </span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">Fair value is defined in
FASB Statement No. 157, <i style=
"mso-bidi-font-style:normal">Fair Value Measurements</i>
(“Statement 157”), as the price that would be received from
the sale of an asset or paid to transfer a liability (i.e.,
an exit price) in the principal or most advantageous market
in an orderly transaction between market
participants.<span style="mso-spacerun:yes"> </span> In
determining fair value, Statement 157 establishes a
three-level hierarchy that distinguishes between (i) market
data obtained or developed from independent sources (i.e.,
observable data inputs) and (ii) a reporting entity’s own
data and assumptions that market participants would use in
pricing an asset or liability (i.e., unobservable data
inputs).<span style="mso-spacerun:yes"> </span> Financial
assets and financial liabilities measured and reported at
fair value are classified in one of the following categories,
in order of priority of observability and objectivity of
pricing inputs:</span></span>
</p>
<p class="MsoNormal" style=
"margin-left:.25in;text-indent:-.25in;mso-list:l0 level1 lfo1; tab-stops:list .25in">
<span><![if !supportLists]><span style=
"font-size:12.0pt;font-family:Symbol;mso-fareast-font-family:Symbol; mso-bidi-font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt Times New Roman">       </span></span></span>
<![endif]><span style="font-size:12.0pt">Level 1 – Fair value
based on quoted prices in active markets for identical assets
or liabilities.</span></span>
</p>
<p class="MsoNormal" style=
"margin-left:.25in;text-indent:-.25in;mso-list:l0 level1 lfo1; tab-stops:list .25in">
<span><![if !supportLists]><span style=
"font-size:12.0pt;font-family:Symbol;mso-fareast-font-family:Symbol; mso-bidi-font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt Times New Roman">       </span></span></span>
<![endif]><span style="font-size:12.0pt">Level 2 – Fair value
based on significant directly observable data (other than
Level 1 quoted prices) or significant indirectly observable
data through corroboration with observable market
data.<span style="mso-spacerun:yes"> </span> Inputs would
normally be (i) quoted prices in active markets for similar
assets or liabilities, (ii) quoted prices in inactive markets
for identical or similar assets or liabilities or (iii)
information derived from or corroborated by observable market
data.</span></span>
</p>
<p class="MsoNormal" style=
"margin-left:.25in;text-indent:-.25in;mso-list:l0 level1 lfo1; tab-stops:list .25in">
<span><![if !supportLists]><span style=
"font-size:12.0pt;font-family:Symbol;mso-fareast-font-family:Symbol; mso-bidi-font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt Times New Roman">       </span></span></span>
<![endif]><span style="font-size:12.0pt">Level 3 – Fair value
based on prices or valuation techniques that require
significant unobservable data inputs.<span style=
"mso-spacerun:yes"> </span> Inputs would normally be a
reporting entity’s own data and judgments about assumptions
that market participants would use in pricing the asset or
liability.</span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">The following table
summarizes financial assets and financial liabilities
measured and recorded at fair value on a recurring basis at
the dates indicated:</span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<table class="MsoNormalTable" border="0" cellspacing="0"
cellpadding="0" style=
"margin-left:4.65pt;border-collapse:collapse;mso-padding-alt:0in 5.4pt 0in 5.4pt">
<tr style=
"mso-yfti-irow:0;mso-yfti-firstrow:yes;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">In
thousands</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="6" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Fair Value
Measurement Using:</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:1;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Quoted
Prices</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Significant</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:2;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">in
Active</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Other</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Significant</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:3;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Total</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Markets
for</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Observable</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Unobservable</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:4;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Fair</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Identical
Assets</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Inputs</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Inputs</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:5;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Value</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">(Level
1)</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">(Level
2)</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">(Level
3)</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:6;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><u><span style="font-size:11.0pt">June
2009</span></u></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:7;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Financial
assets:</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:8;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Cash
equivalents</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 206,181</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">   </span> <span style=
"mso-spacerun:yes">        </span>206,181</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">               </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">                   </span>
-</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:9;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Derivative
instruments</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 5,097</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                        </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">           </span>
5,097</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                      </span>
-</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:10;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Investment
securities</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">  </span> 164,991</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span> <span style=
"mso-spacerun:yes">    </span>124,238</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
40,753</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                      </span>
-</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:11;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:12;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Financial
liabilities:</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:13;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Derivative
instruments</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> 25,173</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                        </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
25,173</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                      </span>
-</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:14;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Deferred
compensation</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">  </span> 180,841</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                        </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span>
180,841</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                      </span>
-</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:15;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:16;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><u><span style="font-size:11.0pt">December
2008</span></u></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:17;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Financial
assets:</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:18;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Cash
equivalents</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 156,900</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">           </span>
156,900</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">               </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">                   </span>
-</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:19;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Derivative
instruments</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> 13,529</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                        </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
13,529</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                      </span>
-</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:20;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Investment
securities</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">  </span> 157,651</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> <span style=
"mso-spacerun:yes">         </span>114,778</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
42,873</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                      </span>
-</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:21;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:22;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Financial
liabilities:</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:23;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Derivative
instruments</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> 38,474</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                        </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
38,474</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                      </span>
-</span></span>
</p>
</td>
</tr>
<tr style=
"mso-yfti-irow:24;mso-yfti-lastrow:yes;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Deferred
compensation</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">  </span> 176,394</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                        </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span>
176,394</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                      </span>
-</span></span>
</p>
</td>
</tr>
</table>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt;color:black">Cash
equivalents measured at fair value above represent funds held
in institutional money market funds and</span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt;color:black">time
deposits at commercial banks.<span style=
"mso-spacerun:yes"> </span> Derivative instruments represent
unrealized gains or losses on foreign currency forward
exchange contracts, which are the differences between (i) the
functional currency to be received or paid at the contracts'
settlement date and (ii) the functional currency value of the
foreign currency to be sold or purchased at the current
forward exchange rate.<span style="mso-spacerun:yes"> </span>
Investment securities, consisting primarily of mutual funds
(classified as Level 1) and a separately managed fixed income
fund (classified as Level 2), are purchased to offset a
substantial portion of participant-directed investment
selections representing underlying liabilities to
participants in VF’s deferred compensation plans.<span style=
"mso-spacerun:yes"> </span> Liabilities under deferred
compensation plans are recorded at amounts payable to
participants, based on the fair value of participant-directed
investment selections.<span style=
"mso-spacerun:yes"> </span></span></span>
</p>
<p class="MsoNormal">
<span> </span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">The carrying value of
other financial assets and financial liabilities is based on
their cost, which may differ from fair value.<span style=
"mso-spacerun:yes"> </span> At June 2009 and December 2008,
the carrying value of VF’s cash held as demand deposits,
accounts receivable, life insurance contracts, short-term
borrowings, accounts payable and accrued liabilities
approximated their fair value.<span style=
"mso-spacerun:yes"> </span> At June 2009 and December 2008,
the carrying value of VF’s long-term debt, including the
current portion, was $1,143.0 million and $1,144.9 million,
respectively, compared with fair value of $1,100.8 million
and $1,027.4 million at those dates.<span style=
"mso-spacerun:yes"> </span> Fair value for long-term debt was
estimated based on quoted market prices or values of
comparable borrowings.</span></span>
</p>
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<div>
<p class="MsoNormal" style=
"text-align:justify;mso-pagination:none;tab-stops: 34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<a name="_AUC10690e12f5a34477940d392b4ca67955"><b style=
"mso-bidi-font-weight: normal"><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;layout-grid-mode: line">
Note J</span> –</b></a> <span><b style=
"mso-bidi-font-weight:normal"><span style=
"font-size:12.0pt;mso-bidi-font-size: 10.0pt;layout-grid-mode:line">
Income Taxes</span></b></span>
</p>
<p class="MsoNormal" style=
"text-align:justify;mso-pagination:none;tab-stops: 34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;layout-grid-mode:line">
 </span></span>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><span style="font-size:12.0pt">The effective income tax
rate was 27.3% for the first six months of 2009, compared with
31.4% in the comparable period of 2008.<span style=
"mso-spacerun:yes"> </span> The lower rate in 2009 was due to a
higher percentage of income and, in some cases, reduced tax
rates outside the United States.<span style=
"mso-spacerun:yes"> </span> The effective tax rate for the full
year 2008 was 28.9%, which included the favorable impact from
expiration of statutes of limitations in locations where tax
contingencies were recorded in prior years, tax audit
settlements and updated assessments of previously accrued
amounts. <span style="mso-spacerun:yes">  </span></span></span>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><span style="font-size:12.0pt">VF files a consolidated
U.S. federal income tax return, as well as separate and
combined income tax returns in numerous state and foreign
jurisdictions.<span style="mso-spacerun:yes"> </span> In the
United States, tax years 2004 to 2006 are under examination by
the Internal Revenue Service.<span style=
"mso-spacerun:yes"> </span> Tax years 1998 to 2002 are under
examination by the State of North Carolina, which has indicated
its intent to examine tax years 2003 to 2005.<span style=
"mso-spacerun:yes"> </span> Tax years 2003 to 2005 are under
examination by the State of Alabama.<span style=
"mso-spacerun:yes"> </span> In 2009, the State of California
commenced an examination of tax years 2006 and
2007.<span style="mso-spacerun:yes"> </span> VF is also
currently subject to examination by various other taxing
authorities.<span style="mso-spacerun:yes"> </span>
Management believes that some of these audits and
negotiations will conclude during the next 12
months.<span style="mso-spacerun:yes"> </span></span></span>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><span style="font-size:12.0pt">The amount of unrecognized
tax benefits increased by $1.8 million during the first quarter
of 2009 due to tax positions taken in the current period and
decreased by $1.8 million during the second quarter of 2009 due
to tax audit settlements.<span style=
"mso-spacerun:yes"> </span> During the next 12 months,
management believes that it is reasonably possible that the
amount of unrecognized income tax benefits may decrease by
approximately $15 million due to settlements of audits and
expiration of statutes of limitations in locations where tax
contingencies had been recorded for open tax years, which
includes $12 million that would reduce income tax
expense.</span></span>
</p>
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<div>
<p class="MsoHeading9" style=
"mso-pagination:widow-orphan;tab-stops:.5in">
<a name="_AUC658839e9cfd94c39921dadfa7407d3a9"><span style=
"font-family:Times New (W1); mso-bidi-font-family:Times New Roman;color:black">
Note D</span></a> <span><span style=
"font-weight:normal">–</span></span> <span><span style=
"font-family:Times New (W1);mso-bidi-font-family:Times New Roman; color:black">
Intangible Assets</span></span>
</p>
<p class="MsoNormal">
<span> </span>
</p>
<table class="MsoNormalTable" border="0" cellspacing="0"
cellpadding="0" style=
"margin-left:4.65pt;border-collapse:collapse;mso-padding-alt:0in 5.4pt 0in 5.4pt">
<tr style=
"mso-yfti-irow:0;mso-yfti-firstrow:yes;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" colspan="5" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">June
2009</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><b><span style="font-size:11.0pt">December
2008</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:1;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Weighted</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Gross</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Net</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Net</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:2;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Average</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Carrying</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Accumulated</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Carrying</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Carrying</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:3;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Dollars in
thousands</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Life
*</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Amount</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Amortization</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Amount</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Amount</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:4;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:5;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Amortizable
intangible assets:</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:6;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" style=
"text-indent:22.0pt;mso-char-indent-count:2.0">
<span><span style="font-size:11.0pt">Customer
relationships</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><span style="font-size:11.0pt">19
years</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 440,432</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">        </span> 65,712</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">  </span> 374,720</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">          </span>
272,086</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:7;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" style=
"text-indent:22.0pt;mso-char-indent-count:2.0">
<span><span style="font-size:11.0pt">License
agreements</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><span style="font-size:11.0pt">24
years</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">  </span> 179,928</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">           </span>
38,508</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> 141,420</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">             </span>
145,389</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:8;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" style=
"text-indent:22.0pt;mso-char-indent-count:2.0">
<span><span style="font-size:11.0pt">Trademarks and
other</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><span style="font-size:11.0pt">7
years</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> 17,555</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">             </span>
9,532</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span> <span style=
"mso-spacerun:yes"> </span>8,023</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                 </span>
9,240</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:9;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:10;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Amortizable
intangible assets, net</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> 524,163</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">             </span>
426,715</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:11;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:12;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Indefinite-lived
intangible assets:</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:13;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" style=
"text-indent:22.0pt;mso-char-indent-count:2.0">
<span><span style="font-size:11.0pt">Trademarks and
tradenames</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">  </span> 1,039,579</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">             </span>
939,507</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:14;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style=
"mso-yfti-irow:15;mso-yfti-lastrow:yes;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Intangible assets,
net</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 1,563,742</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">        </span>
1,366,222</span></span>
</p>
</td>
</tr>
</table>
<p class="MsoNormal">
<span> </span>
</p>
<p class="MsoNormal">
<span> </span>
</p>
<p class="MsoNormal">
<span><span style=
"font-size:11.0pt;mso-bidi-font-size:10.0pt">* Amortization
of customer relationships – accelerated methods;<span style=
"mso-spacerun:yes"> </span> license agreements – accelerated
and straight-line methods; <span style=
"mso-spacerun:yes"> </span>trademarks and other – accelerated
and straight-line methods.</span></span>
</p>
<p class="MsoNormal">
<span><span style=
"font-size:11.0pt;mso-bidi-font-size:10.0pt"> </span></span>
</p>
<p class="MsoBodyText">
<span>The fair value of identified intangible assets is based
on expected cash flows at the respective acquisition
dates.<span style="mso-spacerun:yes"> </span> These expected
cash flows consider the stated terms of the rights or
contracts acquired and expected renewal periods, if
applicable.<span style="mso-spacerun:yes"> </span> The number
of renewal periods considered is based on management’s
experience in renewing or extending similar arrangements,
regardless of whether the acquired arrangements have explicit
renewal or extension provisions.<span style=
"mso-spacerun:yes"> </span> Trademark intangible assets
represent individual acquired trademarks, some of which are
registered in more than 100 countries. <span style=
"mso-spacerun:yes"> </span>Because of the significant number
of trademarks, renewal of those rights is an ongoing process,
with individual trademark renewals ranging from 7 to 14 years
and averaging 10 years.<span style=
"mso-spacerun:yes"> </span> License intangible assets relate
to numerous licensing contracts, with VF as either the
licensor or licensee.<span style="mso-spacerun:yes"> </span>
Individual license renewals range from 3 to 5 years, with an
average of 4 years.<span style="mso-spacerun:yes"> </span>
Costs incurred to renew or extend the lives of recognized
intangible assets are not significant and are expensed as
incurred.</span>
</p>
<p class="MsoBodyText3" style="line-height:normal">
<span> </span>
</p>
<p class="MsoBodyText3" style="line-height:normal">
<span>Amortization expense of intangible assets for the
second quarter and six months of 2009 was $10.3 million and
$19.4 million, respectively.<span style=
"mso-spacerun:yes"> </span> Estimated amortization expense
for the remainder of 2009 is $21.8 million and for the years
2010 through 2013 is $39.3 million, $36.5 million,
$34.4 million and $32.9 million, respectively.</span>
</p>
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<a name="_AUC945b2457ff804e908ebca787c6eaefd9"><b style=
"mso-bidi-font-weight: normal"><span style=
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Note A</span> –</b></a> <span><b style=
"mso-bidi-font-weight:normal"><span style=
"font-size:12.0pt;mso-bidi-font-size: 10.0pt;color:black;layout-grid-mode:line">
Basis of Presentation</span></b></span>
</p>
<p class="MsoNormal" style=
"text-align:justify;mso-pagination:none;tab-stops: 34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
 </span></span>
</p>
<p class="MsoNormal" style=
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<span><span style="font-size:12.0pt;mso-bidi-font-size:10.0pt">
VF Corporation (and its subsidiaries, collectively known as
“VF”) operates and reports using a 52/53 week fiscal year
ending on the Saturday closest to December 31 of each
year.<span style="mso-spacerun:yes"> </span> For presentation
purposes herein, all references to periods ended June 2009,
December 2008 and June 2008 relate to the fiscal periods
ended on July 4, 2009, January 3, 2009 and June 28, 2008,
respectively.</span></span>
</p>
<p class="MsoNormal" style=
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<span><span style=
"font-size:11.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
 </span></span>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><span style=
"font-size:11.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
T</span></span><span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">he
accompanying unaudited consolidated financial statements have
been prepared in accordance with the instructions to Form
10-Q and Rule 10-01 of Regulation S-X and do not include all
of the information and notes required by generally accepted
accounting principles (“GAAP”) in the United States of
America for complete financial statements.<span style=
"mso-spacerun:yes"> </span> Similarly, the December 2008
consolidated balance sheet was derived from audited financial
statements but does not include all disclosures required by
GAAP.<span style="mso-spacerun:yes"> </span> In the opinion
of management, the accompanying unaudited consolidated
financial statements contain all normal and recurring
adjustments necessary to make a fair statement of the
consolidated financial position, results of operations and
cash flows of VF for the interim periods
presented.<span style="mso-spacerun:yes"> </span> Operating
results for the three and six months ended June 2009 are not
necessarily indicative of results that may be expected for
any other interim period or for the year ending January 2,
2010.<span style="mso-spacerun:yes"> </span> For further
information, refer to the consolidated financial statements
and notes included in VF’s Annual Report on Form 10-K for the
year ended December 2008 (“2008 Form 10-K”).</span></span>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
 </span></span>
</p><span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;font-family:Times New Roman; mso-fareast-font-family:Times New Roman;color:black;mso-ansi-language:EN-US; mso-fareast-language:EN-US;mso-bidi-language:AR-SA;layout-grid-mode:line">Certain
prior year amounts, none of which are material, have been
reclassified to conform with the 2009
presentation.</span></span>
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<p class="MsoHeading9" style=
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<a name="_AUC6833bf0acd97487b8ea9a753690a5d3a">Note F – Pension
Plans</a>
</p>
<p class="MsoNormal">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt">VF’s net
periodic pension cost contained the following
components:</span></span>
</p>
<p class="MsoNormal">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt"> </span></span>
</p>
<table class="MsoNormalTable" border="0" cellspacing="0"
cellpadding="0" style=
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<tr style=
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<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Three Months
Ended June</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Six Months
Ended June</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:1;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">In
thousands</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2009</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2008</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2009</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2008</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:2;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:3;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Service cost –
benefits earned during the year</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">         </span> 3,726</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">       </span> 4,162</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">    </span> 7,452</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">       </span> 8,324</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:4;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Interest cost on
projected benefit obligations</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
17,950</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span> 17,276</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> 35,900</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">       </span> 34,552</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:5;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Expected return on
plan assets</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span>
(13,379)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> (20,840)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> (26,758)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> (41,680)</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:6;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Amortization
of:</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:7;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">   </span> Prior service
costs</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">            </span>
1,067</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">            </span>
673</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> 2,134</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
1,346</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:8;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">   </span> Actuarial
losses</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
15,131</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">            </span>
463</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> 30,262</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">            </span>
926</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:9;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style=
"mso-yfti-irow:10;mso-yfti-lastrow:yes;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Net periodic
pension cost</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">       </span> 24,495</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">       </span> 1,734</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">  </span> 48,990</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">       </span> 3,468</span></span>
</p>
</td>
</tr>
</table>
<p class="MsoBodyText" style=
"tab-stops:.5in 67.5pt 103.5pt 139.5pt 175.5pt 211.5pt 225.0pt 243.0pt 247.5pt 283.5pt 319.5pt 5.0in 5.5in 6.0in">
<span><span style="mso-bidi-font-size:12.0pt"> </span></span>
</p>
<p class="MsoBodyText" style=
"tab-stops:.5in 67.5pt 103.5pt 139.5pt 175.5pt 211.5pt 225.0pt 243.0pt 247.5pt 283.5pt 319.5pt 5.0in 5.5in 6.0in">
<span><span style="mso-bidi-font-size:12.0pt">During the first
six months of 2009, VF made contributions totaling $7.6 million
to pay benefits under VF’s Supplemental Executive Retirement
Plan (“SERP”).<span style="mso-spacerun:yes"> </span> VF
currently anticipates making an additional $2.5 million of
contributions to pay benefits under the SERP during the
remainder of 2009.<span style="mso-spacerun:yes"> </span> VF is
not required under applicable regulations, and does not
currently intend, to make a contribution to the qualified
pension plan during 2009</span></span><span><span style=
"font-size:11.5pt">.</span></span>
</p>
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<div>
<p class="MsoHeading9" style=
"mso-pagination:widow-orphan;tab-stops:.5in">
<a name="_AUC6b5cc591acd64376b9aecdacb44c1e9e"><span style=
"font-family:Times New (W1); mso-bidi-font-family:Times New Roman;color:black">
Note C</span></a> <span><span style=
"font-weight:normal">–</span></span> <span><span style=
"font-family:Times New (W1);mso-bidi-font-family:Times New Roman; color:black">
Acquisition</span></span>
</p>
<p class="MsoNormal" style=
"line-height:12.0pt;mso-layout-grid-align:none; text-autospace:none">
<span><span style=
"font-size:11.5pt;mso-bidi-font-family:Helv;color:black;layout-grid-mode: line">
 </span></span>
</p>
<p class="MsoNormal" style=
"line-height:12.0pt;mso-layout-grid-align:none; text-autospace:none">
<span><span style=
"font-size:11.5pt;mso-bidi-font-family:Helv;color:black;layout-grid-mode: line">
On March 11, 2009, VF completed the acquisition of Mo
Industries Holdings, Inc. ("Mo Industries"), owner of the
<i style=
"mso-bidi-font-style: normal">Splendid</i></span></span><span><sup><span style="font-size:11.5pt;font-family:Symbol;mso-ascii-font-family:Times New Roman; mso-hansi-font-family:Times New Roman;mso-char-type:symbol;mso-symbol-font-family: Symbol"><span style="mso-char-type:symbol;mso-symbol-font-family:Symbol">Ò</span></span></sup></span>
<span><span style=
"font-size:11.5pt;mso-bidi-font-family:Helv;color:black;layout-grid-mode: line">
and <i style="mso-bidi-font-style:normal">Ella
Moss</i></span></span><span><sup><span style=
"font-size:11.5pt;font-family:Symbol;mso-ascii-font-family:Times New Roman; mso-hansi-font-family:Times New Roman;mso-char-type:symbol;mso-symbol-font-family: Symbol"><span style="mso-char-type:symbol;mso-symbol-font-family:Symbol">Ò</span></span></sup></span>
<span><span style=
"font-size:11.5pt;mso-bidi-font-family:Helv;color:black;layout-grid-mode: line">
brands of premium sportswear marketed to upscale department
and specialty stores.<span style="mso-spacerun:yes"> </span>
This transaction resulted in VF acquiring the remaining
two-thirds equity of Mo Industries for a purchase price of
$160.8 million (consisting of $156.1 million of cash and $4.7
million of notes) and payment of $52.3 million of
debt.<span style="mso-spacerun:yes"> </span> In June 2008, VF
had acquired one-third of the outstanding equity of Mo
Industries for $77.4 million.<span style=
"mso-spacerun:yes"> </span> The agreement included put/call
rights to acquire the remaining equity during the first half
of 2009 at a price based on the acquired company’s
earnings.<span style="mso-spacerun:yes"> </span> The initial
investment was recorded in Other Assets and was accounted for
using the equity method of accounting.<span style=
"mso-spacerun:yes"> </span> The carrying value of the
investment was $80.5 million at the time of the March 2009
acquisition, consisting of the initial cost of the
investment, plus the equity in net income of the investment
to the date of acquisition.<span style=
"mso-spacerun:yes"> </span></span></span> <span><span style=
"font-size:11.5pt;mso-bidi-font-size:10.0pt">In accordance
with Statement 141(R), VF recognized a gain in the first
quarter of $0.3 million from remeasuring its one-third
interest in Mo Industries to fair value.<span style=
"mso-spacerun:yes"> </span> The gain was included in
Miscellaneous Income in VF’s Consolidated Statement of
Income.<span style="mso-spacerun:yes"> </span></span></span>
<span><span style=
"font-size:11.5pt;mso-bidi-font-family:Helv;color:black;layout-grid-mode: line">
Mo Industries is being reported as part of the Contemporary
Brands Coalition.<span style=
"mso-spacerun:yes"> </span></span></span>
</p>
<p class="MsoBodyText" style=
"tab-stops:.5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in">
<span> </span>
</p>
<p class="MsoNormal">
<span><span style=
"font-size:11.5pt;mso-bidi-font-size:10.0pt">The following
table summarizes the amounts of tangible and intangible
assets acquired and liabilities assumed (including the fair
value of the prior one-third equity investment) that were
recognized at the date of acquisition.<span style=
"mso-spacerun:yes"> </span> Recorded fair values are subject
to adjustment for final valuations of income tax
matters.<span style="mso-spacerun:yes"> </span></span></span>
</p>
<p class="MsoNormal" style=
"line-height:12.0pt;mso-layout-grid-align:none; text-autospace:none">
<span><span style="font-size:11.5pt;mso-bidi-font-size:10.0pt">
 </span></span>
</p>
<table class="MsoNormalTable" border="0" cellspacing="0"
cellpadding="0" width="561" style=
"width:421.0pt;margin-left:4.65pt;border-collapse:collapse;mso-padding-alt: 0in 5.4pt 0in 5.4pt">
<tr style=
"mso-yfti-irow:0;mso-yfti-firstrow:yes;height:15.0pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">In
thousands</span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:1;height:15.0pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:2;height:15.0pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Cash and
equivalents</span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">         </span> 5,244</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:3;height:15.0pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Other tangible
assets</span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
18,424</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:4;height:15.0pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Intangible assets
-- indefinite-lived</span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
98,900</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:5;height:15.0pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Intangible assets
-- amortizable</span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span>
115,700</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:6;height:15.0pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style=
"font-size:11.0pt">Goodwill</span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span>
142,796</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:7;height:15.0pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Total assets
acquired</span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;border-top:solid windowtext 1.0pt; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none; mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span>
381,064</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:8;height:15.0pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Current
liabilities</span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">            </span>
7,987</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:9;height:15.0pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Other liabilities,
primarily deferred income taxes</span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
79,060</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:10;height:15.0pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Total liabilities
assumed</span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
87,047</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:11;height:15.0pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Net assets
acquired</span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> <span style=
"mso-spacerun:yes"> </span>294,017</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:12;height:15.0pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:13;height:15.0pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Fair value of VF's
prior equity investment</span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;border:none;border-bottom: solid windowtext 1.0pt;mso-border-bottom-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
80,854</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:14;height:15.0pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style=
"mso-yfti-irow:15;mso-yfti-lastrow:yes;height:15.75pt">
<td width="403" nowrap="nowrap" valign="bottom" style=
"width:4.2in;padding:0in 5.4pt 0in 5.4pt; height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Purchase of
two-thirds equity interest</span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;padding:0in 5.4pt 0in 5.4pt; height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td width="115" nowrap="nowrap" valign="bottom" style=
"width:1.2in;border:none;border-bottom: double windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">     </span> 213,163</span></span>
</p>
</td>
</tr>
</table>
<p class="MsoNormal" style=
"line-height:12.0pt;mso-layout-grid-align:none; text-autospace:none">
<span><span style="font-size:11.5pt;mso-bidi-font-size:10.0pt">
 </span></span>
</p>
<p class="MsoNormal" style=
"line-height:12.0pt;mso-layout-grid-align:none; text-autospace:none">
<span><span style="font-size:11.5pt;mso-bidi-font-size:10.0pt">
Acquired intangible assets consisted of trademarks and
customer relationships.<span style=
"mso-spacerun:yes"> </span> Management believes
the</span></span> <span><i style=
"mso-bidi-font-style: normal"><span style=
"font-size:11.5pt;mso-bidi-font-family:Helv;color:black; layout-grid-mode:line">
Splendid</span></i></span><span><sup><span style=
"font-size:11.5pt; font-family:Symbol;mso-ascii-font-family:Times New Roman;mso-hansi-font-family: Times New Roman;mso-char-type:symbol;mso-symbol-font-family:Symbol"><span style="mso-char-type:symbol;mso-symbol-font-family:Symbol">Ò</span></span></sup></span>
<span><span style=
"font-size:11.5pt;mso-bidi-font-family:Helv;color:black;layout-grid-mode: line">
and <i style="mso-bidi-font-style:normal">Ella
Moss</i></span></span><span><sup><span style=
"font-size:11.5pt;font-family:Symbol;mso-ascii-font-family:Times New Roman; mso-hansi-font-family:Times New Roman;mso-char-type:symbol;mso-symbol-font-family: Symbol"><span style="mso-char-type:symbol;mso-symbol-font-family:Symbol">Ò</span></span></sup></span>
<span><span style=
"font-size:11.5pt;mso-bidi-font-family:Helv;color:black;layout-grid-mode: line">
trademarks have indefinite lives.<span style=
"mso-spacerun:yes"> </span></span></span> <span><span style=
"font-size:11.5pt;mso-bidi-font-size:10.0pt">Customer
relationship intangible assets are being amortized using an
accelerated method over their 18 year useful
life.<span style="mso-spacerun:yes"> </span> Factors that
contributed to the recognition of Goodwill included (i)
expected growth rates and profitability of the acquired
business, (ii) the ability to expand the brands within their
markets and to new markets, (iii) an experienced workforce,
(iv) VF’s strategies for growth in sales, income and cash
flows and (v) expected synergies with existing VF business
units.<span style="mso-spacerun:yes"> </span> None of the
Goodwill is expected to be deductible for income tax
purposes.</span></span>
</p>
<p class="MsoNormal" style=
"line-height:12.0pt;mso-layout-grid-align:none; text-autospace:none">
<span><span style="font-size:11.5pt;mso-bidi-font-size:10.0pt">
 </span></span>
</p>
<p class="MsoNormal" style=
"line-height:12.0pt;mso-layout-grid-align:none; text-autospace:none">
<span><span style="font-size:11.5pt;mso-bidi-font-size:10.0pt">
Amounts of Mo Industries’ revenues and earnings included in
VF’s Consolidated Statement of Income for the second quarter
were $16.0 million and $2.9 million and since the date of
acquisition were $21.6 million and $4.3 million,
respectively.<span style="mso-spacerun:yes"> </span> Pro
forma operating results for periods prior to the acquisition
date are not provided because the acquisition was not
material to VF’s results of operations.<span style=
"mso-spacerun:yes"> </span> Acquisition expenses included in
VF’s results of operations were not significant.<span style=
"mso-spacerun:yes"> </span></span></span>
</p>
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<div>
<p class="MsoHeading8" style=
"tab-stops:0in .2in .4in 3.2in right 265.5pt 4.0in left 4.2in 315.0pt right 351.0pt 5.0in left 5.2in 5.5in decimal 6.0in left 6.2in right 7.0in">
<a name="_AUC5fe9395c504c49c3888f6ccd14d65533"><b style=
"mso-bidi-font-weight: normal"><span style=
"font-family:Times New (W1);mso-bidi-font-family:Times New Roman">
Note E – Goodwill</span></b></a>
</p>
<p class="MsoNormal">
<span> </span>
</p>
<table class="MsoNormalTable" border="0" cellspacing="0"
cellpadding="0" style=
"margin-left:4.65pt;border-collapse:collapse;mso-padding-alt:0in 5.4pt 0in 5.4pt">
<tr style=
"mso-yfti-irow:0;mso-yfti-firstrow:yes;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Outdoor
and</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Contemporary</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:1;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">In
thousands</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Action
Sports</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Jeanswear</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Imagewear</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Sportswear</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Brands</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Total</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:2;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:3;height:15.0pt">
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Balance, December
2008</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes"> </span> <span style=
"mso-spacerun:yes">      </span>554,710</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes"> </span> 235,818</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">    </span> 56,703</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">  </span> 215,767</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">        </span>
250,800</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 1,313,798</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:4;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">2009
acquisition</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                    </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">              </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">               </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">               </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
142,796</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> 142,796</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:5;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Adjustments to
purchase</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:6;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" style=
"text-indent:11.0pt;mso-char-indent-count:1.0">
<span><span style="font-size:11.0pt">price
allocation</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                    </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">              </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">               </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">               </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">            </span>
(3,454)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> (3,454)</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:7;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Adjustment to
contingent</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:8;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" style=
"text-indent:11.0pt;mso-char-indent-count:1.0">
<span><span style=
"font-size:11.0pt">consideration</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">              </span>
(189)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">              </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> <span style=
"mso-spacerun:yes">           </span>-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">               </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                    </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
(189)</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:9;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Currency
translation</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">             </span>
2,328</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span> 1,038</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">               </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">               </span>
-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">                </span>
490</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">         </span> 3,856</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:10;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style=
"mso-yfti-irow:11;mso-yfti-lastrow:yes;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Balance, June
2009</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">       </span> 556,849</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes"> </span> 236,856</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">    </span> 56,703</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">  </span> 215,767</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">        </span>
390,632</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 1,456,807</span></span>
</p>
</td>
</tr>
</table>
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<p class="MsoNormal">
<a name="_AUC7f7232d3bf2d4a4f81313f681c9cd783"><b style=
"mso-bidi-font-weight:normal"><span style=
"font-size:12.0pt">Note B – Changes in Accounting
Policies</span></b></a>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">During the first quarter
of 2009, VF adopted Financial Accounting Standards Board
(“FASB”) Statement No. 141(Revised), <i style=
"mso-bidi-font-style:normal">Business Combinations,</i> and a
related</span></span> <span><span style=
"font-size:11.5pt">FASB Staff Position No. FAS 141(R)-1,
<i style="mso-bidi-font-style:normal">Accounting for Assets
Acquired and Liabilities Assumed in a Business Combination
That Arise from Contingencies</i> (together, “Statement
141(R)”).<span style="mso-spacerun:yes"> </span> Statement
141(R)</span></span> <span><span style=
"font-size:12.0pt">revised how business combinations are
accounted for, both at the acquisition date and in subsequent
periods.<span style="mso-spacerun:yes"> </span> Statement
141(R) changes the accounting model for a business
acquisition from a cost allocation standard to recognition of
the fair value of the assets and liabilities of the acquired
business, regardless of whether a 100% or a lesser
controlling interest is acquired.<span style=
"mso-spacerun:yes"> </span> Early adoption of Statement
141(R) was not permitted.<span style=
"mso-spacerun:yes"> </span></span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">During the first quarter
of 2009, VF adopted FASB Statement No. 160, <i style=
"mso-bidi-font-style:normal">Noncontrolling Interests in
Consolidated Financial Statements, an amendment of ARB No.
51</i> (“Statement 160”).<span style=
"mso-spacerun:yes"> </span> Statement 160 requires
information about the company as a whole, with separate
information relating to the parent or controlling owners and
to the noncontrolling (minority) interests, and provides
guidance on the accounting for transactions between an entity
and noncontrolling interests.<span style=
"mso-spacerun:yes"> </span> Statement 160 required
retroactive adoption of its presentation and disclosure
requirements, with all other requirements to be applied
prospectively.<span style="mso-spacerun:yes"> </span> Early
adoption was not permitted.<span style=
"mso-spacerun:yes"> </span> Accordingly, for VF’s previously
issued financial statements:</span></span>
</p>
<p class="MsoNormal" style=
"margin-left:.25in;text-indent:-.25in;mso-list:l0 level1 lfo1; tab-stops:list .25in">
<span><![if !supportLists]><span style=
"font-size:12.0pt;font-family:Symbol;mso-fareast-font-family:Symbol; mso-bidi-font-family:Symbol"><span style="mso-list:Ignore">·<span style="font:7.0pt Times New Roman">       </span></span></span>
<![endif]><span style="font-size:12.0pt">Noncontrolling
interests in subsidiaries were reclassified from Other
Liabilities to a separate component of Stockholders’
Equity.</span></span>
</p>
<p class="MsoNormal" style=
"margin-left:.25in;text-indent:-.25in;mso-list:l0 level1 lfo1; tab-stops:list .25in">
<span><![if !supportLists]><span style=
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<![endif]><span style="font-size:12.0pt">Consolidated net
income was adjusted to separately present net income
attributable to noncontrolling interests.</span></span>
</p>
<p class="MsoNormal" style=
"margin-left:.25in;text-indent:-.25in;mso-list:l0 level1 lfo1; tab-stops:list .25in">
<span><![if !supportLists]><span style=
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<![endif]><span style="font-size:12.0pt">Consolidated
comprehensive income was adjusted to separately present
comprehensive income attributable to noncontrolling
interests.<span style=
"mso-spacerun:yes"> </span></span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">During the first quarter
of 2009, VF adopted FASB Statement No. 161, <i style=
"mso-bidi-font-style:normal">Disclosures about Derivative
Instruments and Hedging Activities</i>, which amended FASB
Statement No. 133, <i style=
"mso-bidi-font-style:normal">Accounting for Derivative
Instruments and Hedging Activities</i> (together, “Statement
133(R)”).<span style="mso-spacerun:yes"> </span> Statement
133(R) requires</span></span> <span><span style=
"font-size:12.0pt;mso-bidi-font-family:Arial">expanded
disclosures related to (i) how and why an entity uses
derivative instruments, (ii) how derivative instruments and
related hedged items are accounted for and (iii) how
derivative instruments and related hedged items affect an
entity’s financial position, operating results and cash
flows.</span></span> <span><span style=
"font-size:12.0pt"><span style="mso-spacerun:yes"> </span>See
Note M.</span></span>
</p>
<p class="MsoNormal">
<span><span style="mso-bidi-font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">During the first quarter
of 2009, VF adopted FASB Staff Position No. FAS 107-1,
<i style="mso-bidi-font-style:normal">Interim Disclosures
about Fair Value of Financial Instruments</i> (“FAS
107-1”).<span style="mso-spacerun:yes"> </span> FAS 107-1
requires quarterly disclosures (rather than just annually) of
the fair value of financial assets and
liabilities.<span style="mso-spacerun:yes"> </span> See Note
L.</span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">During the first quarter
of 2009, VF adopted FASB Staff Position No. FAS 142-3,
<i style="mso-bidi-font-style:normal">Determination of the
Useful Life of Intangible Assets</i> (“FAS
142-3”).<span style="mso-spacerun:yes"> </span> FAS 142-3
amended the factors to be considered in developing renewal or
extension assumptions used to determine the useful life of an
identified intangible asset under FASB Statement No. 142,
<i style="mso-bidi-font-style:normal">Goodwill and Other
Intangible Assets,</i> and required expanded disclosures
related to the determination of intangible asset useful
lives.<span style="mso-spacerun:yes"> </span> See Note
D.</span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">During the second
quarter of 2009, VF adopted FASB Statement No. 165, <i style=
"mso-bidi-font-style:normal">Subsequent Events,</i> which
established general standards of accounting for and
disclosure of events that occur after the balance sheet date
but before financial statements are issued or are available
to be issued.<span style="mso-spacerun:yes"> </span> See Note
O.</span></span>
</p>
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<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:.5in 67.5pt 103.5pt 139.5pt 175.5pt 211.5pt 247.5pt 283.5pt 319.5pt 5.0in 5.5in 6.0in">
<a name="_AUC3928f0d29a704563831423eac326eb9c"><b style=
"mso-bidi-font-weight: normal"><span style="font-size:12.0pt">
Note O – Subsequent Events</span></b></a>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:.5in 67.5pt 103.5pt 139.5pt 175.5pt 211.5pt 247.5pt 283.5pt 319.5pt 5.0in 5.5in 6.0in">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
 </span></span>
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<p class="MsoNormal">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
VF’s Board of Directors declared a quarterly cash dividend of
$0.59 per share, payable on September 18, 2009 to
shareholders of record on September 8, 2009.</span></span>
</p>
<p class="MsoNormal">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
 </span></span>
</p>
<p class="MsoNormal">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
VF granted options for 8,882 shares of Common Stock at an
exercise price of $64.60 equal to the market price of VF
Common Stock on the date of grant and 2,617 performance-based
restricted stock units having a performance period through
the end of 2011.</span></span>
</p>
<p class="MsoNormal">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
 </span></span>
</p>
<p class="MsoNormal">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
Management has evaluated subsequent events through August 11,
2009, the date of issuance of the financial
statements.</span></span>
</p>
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mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:"Times New Roman";
mso-ansi-language:#0400;
mso-fareast-language:#0400;
mso-bidi-language:#0400;}
/*]]>*/
</style> </div>
<div>
<p class="MsoNormal" style=
"text-align:justify;mso-pagination:none;tab-stops: 34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<a name="_AUC87cf04921c33475eb0ae38842e2734bf"><b style=
"mso-bidi-font-weight: normal"><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black; layout-grid-mode:line">
Note G</span> –</b></a> <span><b style=
"mso-bidi-font-weight:normal"><span style=
"font-size:12.0pt;mso-bidi-font-size: 10.0pt;color:black;layout-grid-mode:line">
Business Segment Information</span></b></span>
</p>
<p class="MsoNormal" style=
"text-align:justify;mso-pagination:none;tab-stops: 34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><b style="mso-bidi-font-weight: normal"><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black; layout-grid-mode:line">
 </span></b></span>
</p>
<p class="MsoBodyText" style=
"tab-stops:0in 13.5pt .4in .5in 67.5pt 103.5pt 139.5pt 175.5pt 211.5pt 3.2in 247.5pt 283.5pt right 4.0in left 4.2in 319.5pt right 5.0in left 5.2in 5.5in right 6.0in left 6.2in right 7.0in">
<span><span style="mso-bidi-font-size:12.0pt">For internal
management and reporting purposes, VF’s businesses are grouped
principally by product categories, and by brands within those
product categories.<span style="mso-spacerun:yes"> </span>
These groupings of businesses are referred to as
“coalitions.”<span style="mso-spacerun:yes"> </span> These
coalitions are the basis for VF’s five reportable
segments.<span style="mso-spacerun:yes"> </span> Financial
information for VF’s reportable segments is as
follows:</span></span>
</p>
<p class="MsoBodyText3">
<span> </span>
</p>
<table class="MsoNormalTable" border="0" cellspacing="0"
cellpadding="0" style=
"margin-left:4.65pt;border-collapse:collapse;mso-padding-alt:0in 5.4pt 0in 5.4pt">
<tr style=
"mso-yfti-irow:0;mso-yfti-firstrow:yes;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Three Months
Ended June</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Six Months
Ended June</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:1;height:15.0pt">
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">In
thousands</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2009</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2008</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2009</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2008</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:2;height:15.0pt">
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Coalition
revenues:</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:3;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Outdoor and Action
Sports</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">  </span> 510,533</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">     </span> 523,499</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 1,116,470</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">  </span> 1,159,743</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:4;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style=
"font-size:11.0pt">Jeanswear</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> 545,421</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> <span style=
"mso-spacerun:yes"> </span>646,227</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">  </span> <span style=
"mso-spacerun:yes"> </span>1,212,804</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">   </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes"> </span>1,358,455</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:5;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style=
"font-size:11.0pt">Imagewear</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> 195,306</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> <span style=
"mso-spacerun:yes"> </span>241,251</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes"> </span>421,957</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">      </span>488,285</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:6;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style=
"font-size:11.0pt">Sportswear</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> 104,315</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes"> </span>134,849</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes"> </span>207,885</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">  </span>254,584</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:7;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Contemporary
Brands</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> 102,678</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> <span style=
"mso-spacerun:yes"> </span>100,980</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> <span style=
"mso-spacerun:yes"> </span>204,602</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes"> </span>209,441</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:8;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style=
"font-size:11.0pt">Other</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> <span style=
"mso-spacerun:yes"> </span>27,384</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">         </span> <span style=
"mso-spacerun:yes"> </span>30,676</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes"> </span>47,393</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">   </span>53,315</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:9;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:10;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Total coalition
revenues</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$1,485,637</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">  </span> 1,677,482</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 3,211,111</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">  </span> 3,523,823</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:11;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:12;height:15.0pt">
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Coalition
profit:</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:13;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Outdoor and Action
Sports</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">    </span> 63,255</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">      </span> 58,635</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">  </span> 155,259</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">    </span> 164,141</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:14;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style=
"font-size:11.0pt">Jeanswear</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> <span style=
"mso-spacerun:yes"> </span>66,883</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">         </span>
78,354</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> 155,917</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> 200,631</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:15;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style=
"font-size:11.0pt">Imagewear</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> <span style=
"mso-spacerun:yes"> </span>19,088</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">         </span>
30,519</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> 41,955</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">         </span>
63,772</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:16;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style=
"font-size:11.0pt">Sportswear</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span> <span style=
"mso-spacerun:yes"> </span>6,919</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">         </span>
14,485</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> 11,427</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">         </span>
16,587</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:17;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Contemporary
Brands</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span> <span style=
"mso-spacerun:yes"> </span>4,638</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">         </span>
13,873</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> 16,443</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">         </span>
27,316</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:18;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style=
"font-size:11.0pt">Other</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes"> </span>1,387</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">   </span>761</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">         </span> (629)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">         </span>
(2,014)</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:19;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:20;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Total coalition
profit</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> 162,170</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> <span style=
"mso-spacerun:yes"> </span>196,627</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> 380,372</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> 470,433</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:21;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:22;height:15.0pt">
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Corporate and
other expenses</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> (41,038)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span>
(29,658)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> (96,543)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span>
(59,637)</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:23;height:15.0pt">
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Interest,
net</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> (21,254)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span>
(21,442)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> (42,504)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span>
(41,945)</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:24;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style=
"mso-yfti-irow:25;mso-yfti-lastrow:yes;height:15.75pt">
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Income before
income taxes</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">    </span> 99,878</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">     </span> 145,527</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">  </span> 241,325</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">    </span> 368,851</span></span>
</p>
</td>
</tr>
</table>
<p class="MsoBodyText3">
<span> </span>
</p>
<p class="MsoBodyText3">
<span>Operating results of the John Varvatos business unit
for 2008 have been reclassified from the Sportswear Coalition
to the Contemporary Brands Coalition consistent with a change
in internal management beginning in 2009.</span>
</p>
<p class="MsoBodyText3">
<span> </span>
</p>
<p class="MsoBodyText3">
<span>Defined benefit pension plans in the United States are
centrally managed.<span style="mso-spacerun:yes"> </span>
Coalition profit includes only the current year service cost
component of pension cost.<span style=
"mso-spacerun:yes"> </span> Other components of pension cost
totaling $20.8 million for the three months ended June 2009
and $41.5 million for the six months ended June 2009,
primarily representing amortization of deferred actuarial
losses, are recorded in Corporate and Other
Expenses.<span style="mso-spacerun:yes"> </span> These
components of pension cost recorded in Corporate and Other
were not significant in the prior year.<span style=
"mso-spacerun:yes">   </span></span>
</p>
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<div>
<p class="MsoBodyText3">
<a name="_AUCf889c2fb17254a589527a48ef6098713"><b style=
"mso-bidi-font-weight:normal">Note H - Capital and
Comprehensive Income (Loss)</b></a>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
 </span></span>
</p>
<p class="MsoBodyText" style=
"tab-stops:0in .2in .4in .5in 67.5pt 103.5pt 139.5pt 175.5pt 211.5pt 3.2in 247.5pt 283.5pt right 4.0in left 4.2in 319.5pt right 5.0in left 5.2in 5.5in right 6.0in left 6.2in right 7.0in">
<span><span style="mso-bidi-font-size:12.0pt">Common stock
outstanding is net of shares held in treasury, and in substance
retired.<span style="mso-spacerun:yes"> </span> There were
12,392,768 treasury shares at June 2009, 12,198,054 at December
2008 and 12,196,718 at June 2008.<span style=
"mso-spacerun:yes"> </span> The excess of the cost of treasury
shares acquired over the $1 per share stated value of Common
Stock is deducted from Retained Earnings.<span style=
"mso-spacerun:yes"> </span> In addition, 269,402 shares of VF
Common Stock at June 2009, 261,092 shares at December 2008, and
255,638 shares at June 2008 were held in connection with
deferred compensation plans.<span style=
"mso-spacerun:yes"> </span> These shares held for deferred
compensation plans are treated for financial reporting purposes
as treasury shares at a cost of $12.3 million, $10.8 million
and $10.2 million at each of the respective
dates.</span></span>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><span style=
"font-size:11.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
 </span></span>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:.5in 1.0in 1.5in 2.0in 2.5in 3.0in 3.5in 4.0in 4.5in 5.0in 5.5in 6.0in">
<span><span style=
"font-size:11.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
T</span></span><span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">here
are 25,000,000 authorized shares of Preferred Stock, $1 par
value, of which none are outstanding.<span style=
"mso-spacerun:yes"> </span></span></span>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:.5in 67.5pt 103.5pt 139.5pt 175.5pt 211.5pt 247.5pt 283.5pt 319.5pt 5.0in 5.5in 6.0in">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
<span style="mso-spacerun:yes"> </span></span></span>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:.5in 67.5pt 103.5pt 139.5pt 175.5pt 211.5pt 247.5pt 283.5pt 319.5pt 5.0in 5.5in 6.0in">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
 </span></span>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:.5in 67.5pt 103.5pt 139.5pt 175.5pt 211.5pt 247.5pt 283.5pt 319.5pt 5.0in 5.5in 6.0in">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
Other comprehensive income consists of changes in assets and
liabilities that are not included in Net Income under GAAP
but are instead reported within a separate component of
Stockholders' Equity.<span style="mso-spacerun:yes"> </span>
VF’s comprehensive income was as follows:</span></span>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:.5in 67.5pt 103.5pt 139.5pt 175.5pt 211.5pt 247.5pt 283.5pt 319.5pt 5.0in 5.5in 6.0in">
<span><span style=
"color:black;layout-grid-mode:line"> </span></span>
</p>
<table class="MsoNormalTable" border="0" cellspacing="0"
cellpadding="0" style=
"margin-left:4.65pt;border-collapse:collapse;mso-padding-alt:0in 5.4pt 0in 5.4pt">
<tr style=
"mso-yfti-irow:0;mso-yfti-firstrow:yes;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Three
Months</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Six
Months</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:1;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Ended
June</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Ended
June</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:2;height:15.0pt">
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">In
thousands</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2009</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2008</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2009</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">2008</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:3;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:4;height:15.0pt">
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Net
income</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes"> </span> 74,978</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 104,018</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 175,412</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 252,964</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:5;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:6;height:15.0pt">
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Other
comprehensive income:</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:7;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Foreign currency
translation</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:8;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Amount arising
during the period</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> 55,561</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 4,101</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> 15,223</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> 94,489</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:9;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Less income tax
effect</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> (9,143)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> (1,322)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> (5,366)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">   </span> (24,382)</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:10;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Reclassification
to net income during the period</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">            </span> -</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> (1,522)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">           </span> <span style=
"mso-spacerun:yes"> </span>-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> (1,522)</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:11;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Less income tax
effect</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">            </span> -</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span> 533</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">            </span> -</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">         </span> 533</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:12;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Defined benefit
pension plans</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:13;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Reclassification
to net income during the period</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> 16,198</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 1,136</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> 32,396</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 2,273</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:14;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Less income tax
effect</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> (6,241)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> (435)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">   </span> (12,482)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> (871)</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:15;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Adjustment of
funded status</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">     </span>-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">    </span>-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">            </span> -</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> 25,950</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:16;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Less income tax
effect</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">     </span>-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes">  </span>-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> <span style=
"mso-spacerun:yes">      </span>-</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> (9,949)</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:17;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Unrealized gains
(losses) on derivative financial</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:18;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style=
"font-size:11.0pt">instruments</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:19;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Amount arising
during the period</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">   </span> (13,658)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 2,029</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> (1,277)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> (9,290)</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:20;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Less income tax
effect</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> <span style=
"mso-spacerun:yes"> </span>5,263</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> (789)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span> 493</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 3,563</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:21;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Reclassification
to net income during the period</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> (2,159)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 6,763</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> (5,847)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> 14,463</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:22;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Less income tax
effect</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> <span style=
"mso-spacerun:yes"> </span><span style=
"mso-spacerun:yes"> </span>831</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> (2,581)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 2,251</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> (5,546)</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:23;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Unrealized gains
(losses) on marketable securities</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:24;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Amount arising
during the period</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 1,437</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">       </span> (434)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 1,232</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> (4,753)</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:25;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:26;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Other
comprehensive income</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> 48,089</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 7,479</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> 26,623</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">    </span> 84,958</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:27;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:28;height:15.0pt">
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Comprehensive
income</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">  </span> 123,067</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">  </span> 111,497</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">  </span> 202,035</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">   </span> 337,922</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:29;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:30;height:15.0pt">
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Comprehensive
income attributable to noncontrolling</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:31;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style=
"font-size:11.0pt">interests</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span> 522</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span> 72</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">      </span> 1,012</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">           </span> (4)</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:32;height:12.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:12.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
</tr>
<tr style=
"mso-yfti-irow:33;mso-yfti-lastrow:yes;height:15.75pt">
<td nowrap="nowrap" colspan="3" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Comprehensive
income attributable to VF Corporation</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 123,589</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 111,569</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-family:Arial"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 203,047</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$ 337,918</span></span>
</p>
</td>
</tr>
</table>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:.5in 67.5pt 103.5pt 139.5pt 175.5pt 211.5pt 247.5pt 283.5pt 319.5pt 5.0in 5.5in 6.0in">
<span><span style=
"color:black;layout-grid-mode:line"> </span></span>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
Accumulated Other Comprehensive Income (Loss) for 2009 is
summarized as follows:</span></span>
</p>
<p class="MsoNormal" style=
"mso-pagination:none;tab-stops:34.0pt 6.5in 7.0in 7.5in 8.0in 8.5in 9.0in 9.5in 10.0in 10.5in 11.0in 11.5in 12.0in 12.5in 13.0in">
<span><span style=
"font-size:12.0pt;mso-bidi-font-size:10.0pt;color:black;layout-grid-mode: line">
 </span></span>
</p>
<table class="MsoNormalTable" border="0" cellspacing="0"
cellpadding="0" style=
"margin-left:4.65pt;border-collapse:collapse;mso-padding-alt:0in 5.4pt 0in 5.4pt">
<tr style=
"mso-yfti-irow:0;mso-yfti-firstrow:yes;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Foreign</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Defined</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Derivative</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:1;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Currency</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Benefit</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Financial</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Marketable</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:2;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">In
thousands</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Translation</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style="font-size:11.0pt">Pension
Plans</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Instruments</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Securities</span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt"> </span></b></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal" align="center" style=
"text-align:center">
<span><b><span style=
"font-size:11.0pt">Total</span></b></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:3;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:4;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Balance, December
2008</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">    </span> 22,203</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">     </span> (290,991)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">     </span> (6,690)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">        </span> (816)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$(276,294)</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:5;height:15.0pt">
<td nowrap="nowrap" colspan="2" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Other
comprehensive income</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:6;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal" style=
"text-indent:11.0pt;mso-char-indent-count:1.0">
<span><span style=
"font-size:11.0pt">(loss)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">         </span> 9,857</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">           </span>
19,914</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">        </span>
(4,380)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">          </span>
1,232</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt; height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes">     </span> 26,623</span></span>
</p>
</td>
</tr>
<tr style="mso-yfti-irow:7;height:15.0pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.0pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
</tr>
<tr style=
"mso-yfti-irow:8;mso-yfti-lastrow:yes;height:15.75pt">
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt">Balance, June
2009</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">    </span> 32,060</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">     </span> (271,077)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">    </span> (11,070)</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$<span style=
"mso-spacerun:yes">          </span> 416</span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"> </span></span>
</p>
</td>
<td nowrap="nowrap" valign="bottom" style=
"border:none;border-bottom:double windowtext 2.25pt; padding:0in 5.4pt 0in 5.4pt;height:15.75pt">
<p class="MsoNormal">
<span><span style="font-size:11.0pt"><span style=
"mso-spacerun:yes"> </span>$(249,671)</span></span>
</p>
</td>
</tr>
</table>
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<h1>
<a name="_AUC8adb01f150134ccfab46ee92ccdf0c0d">Note N –
Recently Issued Accounting Standards</a>
</h1>
<p class="MsoNormal">
<span> </span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">In March 2009, the FASB
issued Staff Position No. FAS 132(R)-1, <i style=
"mso-bidi-font-style:normal">Employers’ Disclosures about
Postretirement Benefit Plan Assets</i> (“FAS
132(R)-1”).<span style="mso-spacerun:yes"> </span> This Staff
Position expands disclosure requirements to provide
information about an employer’s defined benefit pension
plans, including the major categories and fair values of plan
assets, investment policies and strategies, and significant
concentrations of credit risk.<span style=
"mso-spacerun:yes"> </span> FAS 132(R)-1, effective for VF’s
2009 fiscal year, is not expected to have a significant
effect on VF’s consolidated financial
statements.</span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:11.5pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">In June 2009, the FASB
issued Statement No. 168, <i style=
"mso-bidi-font-style:normal">The FASB Accounting Standards
Codification</i><sup>TM</sup><i style=
"mso-bidi-font-style:normal"><span style=
"mso-spacerun:yes"> </span> and the Hierarchy of Generally
Accepted Accounting Principles – a replacement of FASB
Statement No. 162</i> (“Statement 168”). <span style=
"mso-spacerun:yes"> </span>Statement 168 establishes the
<i style="mso-bidi-font-style:normal">FASB</i> <i style=
"mso-bidi-font-style:normal">Accounting Standards
Codification</i><sup>TM</sup></span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">(“the Codification”) as
the source of authoritative U.S. GAAP recognized by the FASB
to be applied to nongovernmental entities.<span style=
"mso-spacerun:yes"> </span> The Codification also recognizes
rules and interpretive releases of the Securities and
Exchange Commission (“SEC”) as authoritative GAAP for SEC
registrants.<span style="mso-spacerun:yes"> </span> The
Codification, which will supersede all existing non-SEC
accounting and reporting standards upon its effective date in
the third quarter of 2009, does not change U.S.
GAAP</span></span><span><span style=
"font-size:11.5pt">.</span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:11.5pt"> </span></span>
</p>
<p class="MsoNormal">
<span><span style="font-size:12.0pt">Other new pronouncements
issued but not effective until after June 2009 are not
expected to have a significant effect on VF’s consolidated
financial position, results of operations or
disclosures</span></span><span><span style=
"font-size:11.5pt">.</span></span>
</p>
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