DISCONTINUED OPERATIONS AND OTHER DIVESTITURES (Tables)
|12 Months Ended|
Mar. 28, 2020
|Discontinued Operations and Disposal Groups [Abstract]|
|Schedule of Discontinued Operations Presented in Financial Statements||
The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations for each of the periods presented.
Deferred income tax balances reflect VF's consolidated netting by jurisdiction.
The following table summarizes the major line items included for the Occupational Workwear business, the Jeans business, the Nautica® brand business and the Licensing Business that are included in the income from discontinued operations, net of tax line item in the Consolidated Statements of Income:
Income tax expense for the year ended March 2020 includes additional tax expense on nondeductible transaction costs and uncertain tax positions related to the Jeans business. Income tax expense for the year ended December 2017 was impacted by $8.6 million of tax expense related to GAAP and tax basis differences for the LSG business. Additionally, the goodwill impairment charge and estimated loss on sale related to the Nautica® brand business for the year ended December 2017 were nondeductible for income tax purposes.
Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef