VF Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

9 Months Ended

Oct. 03, 2015

Note E – Intangible Assets


	Weighted Average Amortization Period		September 2015						December 2014
Dollars in thousands	Weighted Average Amortization Period	Amortization Methods	Cost		Accumulated Amortization		Net Carrying Amount		Net Carrying Amount
Amortizable intangible assets:
Customer relationships	20 years	Accelerated	$	573,867	$	357,365	$	216,502	$	241,811
License agreements	24 years	Accelerated and straight-line		179,972		91,128		88,844		96,736
Other	11 years	Straight-line		5,804		2,100		3,704		4,363

Amortizable intangible assets, net								309,050		342,910

Indefinite-lived intangible assets:
Trademarks and trade names								2,000,431		2,090,642

Intangible assets, net							$	2,309,481	$	2,433,552

Amortization expense for the third quarter and first nine months of 2015 was $7.3 million and $22.5 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years is:


Year	Estimated Amortization Expense
	In millions
2015	$	29.9
2016		28.5
2017		27.4
2018		26.9
2019		26.3