Quarterly report pursuant to Section 13 or 15(d)

REPORTABLE SEGMENT INFORMATION

v3.19.3
REPORTABLE SEGMENT INFORMATION
 6 Months Ended
Sep. 28, 2019
Segment Reporting [Abstract]  
REPORTABLE SEGMENT INFORMATION REPORTABLE SEGMENT INFORMATION

The chief operating decision maker allocates resources and assesses performance based on a global brand view which represents VF's operating segments. The operating segments have been evaluated and combined into reportable segments because they meet the similar economic characteristics and qualitative aggregation criteria set forth in the relevant accounting guidance. The Company's reportable segments have been identified as:
Outdoor, Active and Work. We have included an Other category in the table below for purposes of reconciliation of revenues and profit, but it is not considered a reportable segment. Other includes results related to the sale of non-VF products and transition services primarily related to the sale of the Nautica® brand business.
Financial information for VF's reportable segments was as follows:
 
 
Three Months Ended September
 
 
Six Months Ended September
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
2019
 
 
2018
 
 
2019
 
 
2018
Segment revenues:
 
 
 
 
 
 
 
 
 
 
 
Outdoor
 
$
1,525,937

 
 
$
1,466,503

 
 
$
2,136,557

 
 
$
2,035,103

Active
 
1,413,634

 
 
1,299,961

 
 
2,645,760

 
 
2,436,898

Work
 
435,627

 
 
451,661

 
 
858,098

 
 
874,954

Other
 
18,070

 
 
1,265

 
 
24,332

 
 
9,570

Total segment revenues
 
$
3,393,268

 
 
$
3,219,390

 
 
$
5,664,747

 
 
$
5,356,525

Segment profit:
 
 
 
 
 
 
 
 
 
 
 
Outdoor
 
$
256,382

 
 
$
258,121

 
 
$
176,112

 
 
$
174,626

Active
 
388,200

 
 
351,051

 
 
695,766

 
 
620,248

Work
 
39,210

 
 
51,320

 
 
86,235

 
 
100,247

Other
 
2,381

 
 
717

 
 
765

 
 
2,950

Total segment profit
 
686,173

 
 
661,209

 
 
958,878

 
 
898,071

Corporate and other expenses (a)
 
(108,921
)
 
 
(148,193
)
 
 
(242,736
)
 
 
(291,381
)
Interest expense, net
 
(15,827
)
 
 
(26,821
)
 
 
(30,825
)
 
 
(51,674
)
Income from continuing operations before income taxes
 
$
561,425

 
 
$
486,195

 
 
$
685,317

 
 
$
555,016

(a) 
Certain corporate overhead and other costs of $21.0 million and $45.6 million for the three and six-month periods ended September 2018, respectively, previously allocated to the former Jeans segment and Other category for segment reporting purposes, have been reallocated to continuing operations.