|
Business Segment Information (Tables)
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12 Months Ended |
|
Dec. 31, 2011
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| Business Segment Information [Abstract] |
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| Financial Information For VF's Reportable Segments |
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2011 |
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2010 |
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2009 |
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| |
|
In thousands |
|
|
Coalition revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outdoor & Action Sports
|
|
$ |
4,561,998 |
|
|
$ |
3,204,657 |
|
|
$ |
2,806,126 |
|
|
Jeanswear
|
|
|
2,731,770 |
|
|
|
2,537,591 |
|
|
|
2,522,459 |
|
|
Imagewear
|
|
|
1,025,214 |
|
|
|
909,402 |
|
|
|
865,472 |
|
|
Sportswear
|
|
|
543,515 |
|
|
|
497,773 |
|
|
|
498,317 |
|
|
Contemporary Brands
|
|
|
485,142 |
|
|
|
438,741 |
|
|
|
417,742 |
|
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Other
|
|
|
111,593 |
|
|
|
114,425 |
|
|
|
110,170 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
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Total revenues
|
|
$ |
9,459,232 |
|
|
$ |
7,702,589 |
|
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$ |
7,220,286 |
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| |
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Coalition profit:
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Outdoor & Action Sports(a)
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|
$ |
828,228 |
|
|
$ |
636,720 |
|
|
$ |
492,889 |
|
|
Jeanswear
|
|
|
413,187 |
|
|
|
431,942 |
|
|
|
370,886 |
|
|
Imagewear
|
|
|
145,655 |
|
|
|
111,174 |
|
|
|
87,489 |
|
|
Sportswear
|
|
|
56,312 |
|
|
|
52,354 |
|
|
|
51,993 |
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Contemporary Brands
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|
|
35,860 |
|
|
|
14,046 |
|
|
|
50,844 |
|
|
Other
|
|
|
(1,024 |
) |
|
|
(61 |
) |
|
|
1,194 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
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Total coalition profit
|
|
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1,478,218 |
|
|
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1,246,175 |
|
|
|
1,055,295 |
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Impairment of goodwill and trademarks(b)
|
|
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— |
|
|
|
(201,738 |
) |
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|
(121,953 |
) |
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Corporate and other expenses(a)
|
|
|
(240,675 |
) |
|
|
(218,823 |
) |
|
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(194,997 |
) |
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Interest, net
|
|
|
(72,800 |
) |
|
|
(75,402 |
) |
|
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(83,672 |
) |
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|
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Income before income taxes
|
|
$ |
1,164,743 |
|
|
$ |
750,212 |
|
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$ |
654,673 |
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| (a) |
2011 amounts include $33.5 million of expenses related to the acquisition of Timberland, reported in: Outdoor & Action Sports - $23.7 million and Corporate - $9.8 million. See Note B. |
| (b) |
Goodwill and trademark impairment charges totaling $201.7 million in 2010 related to Contemporary Brands and totaling $122.0 million in 2009 related to: Outdoor & Action Sports - $63.5 million and Sportswear - $58.5 million. See Notes F, G, and T. |
|
| Reconciliation Of Assets |
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2011 |
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2010 |
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2009 |
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In thousands |
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Coalition assets:
|
|
|
|
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|
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Outdoor & Action Sports
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$ |
1,762,774 |
|
|
$ |
954,441 |
|
|
$ |
870,761 |
|
|
Jeanswear
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|
|
898,733 |
|
|
|
841,865 |
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|
849,888 |
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Imagewear
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356,782 |
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319,179 |
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320,889 |
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Sportswear
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128,823 |
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127,567 |
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106,911 |
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Contemporary Brands
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|
|
195,528 |
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181,399 |
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190,105 |
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Other
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63,262 |
|
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|
61,065 |
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62,220 |
|
| |
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Total coalition assets
|
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3,405,902 |
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2,485,516 |
|
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2,400,774 |
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Cash and equivalents
|
|
|
341,228 |
|
|
|
792,239 |
|
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|
731,549 |
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Intangible assets and goodwill
|
|
|
4,981,923 |
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2,657,563 |
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2,902,801 |
|
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Deferred income taxes
|
|
|
136,021 |
|
|
|
106,743 |
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|
|
76,141 |
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Corporate assets
|
|
|
448,052 |
|
|
|
415,495 |
|
|
|
362,598 |
|
| |
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Consolidated assets
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|
$ |
9,313,126 |
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|
$ |
6,457,556 |
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$ |
6,473,863 |
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Capital expenditures:
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Outdoor & Action Sports
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$ |
90,381 |
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$ |
49,658 |
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$ |
34,681 |
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Jeanswear
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|
21,076 |
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|
19,906 |
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17,547 |
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Imagewear
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5,318 |
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2,843 |
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|
2,131 |
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Sportswear
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5,902 |
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3,770 |
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|
1,776 |
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Contemporary Brands
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|
16,534 |
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10,975 |
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15,535 |
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Other
|
|
|
5,370 |
|
|
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5,627 |
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|
4,412 |
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Corporate
|
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|
26,313 |
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18,861 |
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9,777 |
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|
|
|
|
|
|
|
|
|
|
|
|
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$ |
170,894 |
|
|
$ |
111,640 |
|
|
$ |
85,859 |
|
| |
|
|
|
|
|
|
|
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|
|
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Depreciation and amortization expense:
|
|
|
|
|
|
|
|
|
|
|
|
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Outdoor & Action Sports
|
|
$ |
83,559 |
|
|
$ |
62,563 |
|
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$ |
54,467 |
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Jeanswear
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|
|
41,207 |
|
|
|
34,304 |
|
|
|
39,297 |
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Imagewear
|
|
|
11,513 |
|
|
|
12,055 |
|
|
|
12,438 |
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Sportswear
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|
|
12,072 |
|
|
|
12,155 |
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|
|
12,821 |
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Contemporary Brands
|
|
|
26,590 |
|
|
|
32,864 |
|
|
|
26,139 |
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Other
|
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4,122 |
|
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|
3,638 |
|
|
|
3,530 |
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Corporate
|
|
|
19,672 |
|
|
|
15,817 |
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|
21,760 |
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| |
|
|
|
|
|
|
|
|
|
|
|
|
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$ |
198,735 |
|
|
$ |
173,396 |
|
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$ |
170,452 |
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| Supplemental Information Of Revenues By Geographic Area |
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|
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|
| |
|
2011 |
|
|
2010 |
|
|
2009 |
|
| |
|
In thousands |
|
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Total revenues:
|
|
|
|
|
|
|
|
|
|
|
|
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United States
|
|
$ |
6,220,933 |
|
|
$ |
5,411,533 |
|
|
$ |
5,078,065 |
|
|
Foreign, primarily Europe
|
|
|
3,238,299 |
|
|
|
2,291,056 |
|
|
|
2,142,221 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$ |
9,459,232 |
|
|
$ |
7,702,589 |
|
|
$ |
7,220,286 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
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Property, plant and equipment:
|
|
|
|
|
|
|
|
|
|
|
|
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|
United States
|
|
$ |
521,838 |
|
|
$ |
446,718 |
|
|
$ |
449,091 |
|
|
Other foreign, primarily Europe
|
|
|
215,613 |
|
|
|
156,190 |
|
|
|
165,087 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$ |
737,451 |
|
|
$ |
602,908 |
|
|
$ |
614,178 |
|
| |
|
|
|
|
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