Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS (Tables)

v3.20.2
DISCONTINUED OPERATIONS (Tables)
 3 Months Ended
Jun. 27, 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:
(In thousands) June 2020 March 2020 June 2019
Cash and equivalents
 $ 42,986    $ 39,752    $ 45,198   
Accounts receivable, net
 64,065    83,650    94,923   
Inventories
 258,632    294,000    283,619   
Other current assets
 10,027    6,701    8,168   
Property, plant and equipment, net
 46,697    44,863    38,571   
Intangible assets, net
 54,471    54,471    63,404   
Goodwill
 43,530    43,530    49,630   
Operating lease right-of-use assets
 39,452    38,941    34,121   
Other assets
 5,275    5,231    4,534   
Total assets of discontinued operations
 $ 565,135    $ 611,139    $ 622,168   
Accounts payable
 $ 27,810    $ 63,380    $ 80,842   
Accrued liabilities
 31,134    29,699    31,585   
Operating lease liabilities
 34,462    35,867    32,082   
Other liabilities
 2,284    2,270    3,442   
Deferred income tax liabilities (a)
(4,407)   (4,435)   (10,248)  
Total liabilities of discontinued operations
 $ 91,283    $ 126,781    $ 137,703   
(a)Deferred income tax balances reflect VF's consolidated netting by jurisdiction