Quarterly report pursuant to Section 13 or 15(d)

REPORTABLE SEGMENT INFORMATION

v3.19.3.a.u2
REPORTABLE SEGMENT INFORMATION
 9 Months Ended
Dec. 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 December
 
 
Nine Months Ended December
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
2019
 
 
2018
 
 
2019
 
 
2018
Segment revenues:
 
 
 
 
 
 
 
 
 
 
 
Outdoor
 
$
1,659,108

 
 
$
1,612,605

 
 
$
3,795,665

 
 
$
3,647,708

Active
 
1,239,462

 
 
1,142,580

 
 
3,885,222

 
 
3,579,478

Work
 
480,086

 
 
471,875

 
 
1,338,184

 
 
1,346,829

Other
 
6,090

 
 
652

 
 
30,422

 
 
10,222

Total segment revenues
 
$
3,384,746

 
 
$
3,227,712

 
 
$
9,049,493

 
 
$
8,584,237

Segment profit (loss):
 
 
 
 
 
 
 
 
 
 
 
Outdoor
 
$
348,995

 
 
$
338,009

 
 
$
525,107

 
 
$
512,635

Active
 
286,474

 
 
272,862

 
 
982,240

 
 
893,110

Work
 
54,556

 
 
56,178

 
 
140,791

 
 
156,425

Other
 
(2,800
)
 
 
520

 
 
(2,035
)
 
 
3,470

Total segment profit
 
687,225

 
 
667,569

 
 
1,646,103

 
 
1,565,640

Corporate and other expenses (a)
 
(130,575
)
 
 
(147,776
)
 
 
(373,311
)
 
 
(439,157
)
Interest expense, net
 
(16,814
)
 
 
(25,220
)
 
 
(47,639
)
 
 
(76,894
)
Income from continuing operations before income taxes
 
$
539,836

 
 
$
494,573

 
 
$
1,225,153

 
 
$
1,049,589

(a) 
Certain corporate overhead and other costs of $25.3 million and $70.9 million for the three and nine-month periods ended December 2018, respectively, previously allocated to the former Jeans segment and Other category for segment reporting purposes, have been reallocated to continuing operations.