<SEC-DOCUMENT>0001157523-15-001506.txt : 20150501
<SEC-HEADER>0001157523-15-001506.hdr.sgml : 20150501
<ACCEPTANCE-DATETIME>20150501070515
ACCESSION NUMBER:		0001157523-15-001506
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150501
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150501
DATE AS OF CHANGE:		20150501

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			V F CORP
		CENTRAL INDEX KEY:			0000103379
		STANDARD INDUSTRIAL CLASSIFICATION:	MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320]
		IRS NUMBER:				231180120
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05256
		FILM NUMBER:		15821820

	BUSINESS ADDRESS:	
		STREET 1:		105 CORPORATE CENTER BOULEVARD
		CITY:			GREENSBORO
		STATE:			NC
		ZIP:			27408
		BUSINESS PHONE:		(336)424-6000

	MAIL ADDRESS:	
		STREET 1:		P. O. BOX 21488
		CITY:			GREENSBORO
		STATE:			NC
		ZIP:			27420

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VF CORPORATION
		DATE OF NAME CHANGE:	19900621

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VANITY FAIR MILLS INC
		DATE OF NAME CHANGE:	19690520
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51092831.htm
<DESCRIPTION>V.F. CORPORATION 8-K
<TEXT>
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    <title></title>
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    <p style="text-align: left">

    </p>
    <p style="text-align: left">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 10pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-family: Times New Roman; font-size: 10pt"><b>Washington,
      D.C. 20549</b></font><br><br>
    </p>
    <p style="margin-left: 30.0px; text-align: left">
      <font style="font-family: Times New Roman; font-size: 18pt"><b>FORM 8-K</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>PURSUANT
      TO SECTION 13 OR 15(d) OF</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>THE
      SECURITIES EXCHANGE ACT OF 1934</b></font><br><br>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 40%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 12pt"><b>Date of Report (Date of earliest</b></font><b><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt">event
            reported):</font></b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 60%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 12pt"><b>May 1, 2015</b></font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">
      <br>
      <br>

    </p>
    <p style="text-align: left">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>V.F.
      Corporation</b></font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt"><b>(Exact
      Name of Registrant as Specified in Charter)</b></font><br><br><br>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Pennsylvania</b>
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; width: 34%; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1-5256</b>
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; width: 33%; white-space: nowrap" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>23-1180120</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(State or Other Jurisdiction</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>of Incorporation)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 34%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Commission</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>File Number)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(IRS Employer</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Identification No.)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>
      <br>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 36%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>105 Corporate Center Boulevard</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Greensboro, North Carolina</b>
          </p>
        </td>
        <td style="width: 31%">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; width: 33%; white-space: nowrap" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>27408</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 36%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>(Address
            of Principal Executive</b></font>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>Offices)</b></font>
          </p>
        </td>
        <td style="width: 31%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>(Zip
            Code)</b></font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">
      <br>
      <br>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 40%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Registrant&#8217;s telephone number,<br>including area code
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; width: 60%; white-space: nowrap" valign="top">
          336-424-6000
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">
      <br>
      <br>

    </p>
    <p style="margin-left: 30.0px; font-family: Times New Roman; font-size: 10pt">
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p style="margin-left: 30.0px; font-family: Times New Roman; font-size: 10pt">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p style="margin-left: 30.0px; font-family: Times New Roman; font-size: 10pt">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p style="margin-left: 30.0px; font-family: Times New Roman; font-size: 10pt">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p style="margin-left: 30.0px; font-family: Times New Roman; font-size: 10pt">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <hr style="height: 2.0 pt; color: #000000; text-align: left; width: 100%">


    <p style="font-family: Times New Roman; font-size: 10pt">

    </p>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <hr style="height: 1.5 pt; color: #000000; text-align: left; width: 100%">
    <hr style="height: 1.5 pt; color: #000000; text-align: left; width: 100%">


    <p>

    </p>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 10%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 2.02.</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 90%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Results of Operations and Financial Condition.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 10%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 7.01.</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 90%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Regulation FD Disclosure.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p style="text-indent: 30.0px; font-family: Times New Roman; font-size: 10pt; text-align: justify">
      The following information is furnished pursuant to Item 2.02, &#8220;Results
      of Operations and Financial Condition,&#8221; and Item 7.01, &#8220;Regulation FD
      Disclosure.&#8221;
    </p>
    <p style="text-indent: 30.0px; font-family: Times New Roman; font-size: 10pt; text-align: justify">
      On May 1, 2015, V.F. Corporation issued a press release setting forth
      its first quarter 2015 earnings.&#160;&#160;A copy of the press release is
      attached hereto as Exhibit 99 and hereby incorporated by reference.
    </p>
    <p style="text-indent: 30.0px; font-family: Times New Roman; font-size: 10pt; text-align: justify">
      In accordance with General Instruction B.2 of Form 8-K, the information
      in this Current Report on Form 8-K, including Exhibit 99, shall not be
      deemed to be &#8220;filed&#8221; for purposes of Section 18 of the Securities
      Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise
      subject to the liability of that section, and shall not be incorporated
      by reference into any registration statement or other document filed
      under the Securities Act of 1933, as amended, or the Exchange Act,
      except as shall be expressly set forth by specific reference in such
      filing.
    </p>
    <p style="text-indent: 30.0px; font-family: Times New Roman; font-size: 10pt; text-align: justify">

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 10%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 9.01.</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 90%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Financial Statements and Exhibits.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 5%" valign="top">
          (d)
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          Exhibits.
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 90%" valign="middle">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 90%" valign="top">
          The following is furnished as an exhibit to this report:
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 90%" valign="middle">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; width: 5%; white-space: nowrap" valign="top">
          99
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 90%" valign="top">
          V.F. Corporation press release dated May 1, 2015.
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: left">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="text-align: left">
      <br>
      <br>
      Pursuant to the requirements of the Securities Exchange Act of 1934, the
      registrant has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.
    </p>
    <p>

    </p>
    <p style="text-align: left">
      <br>
      <br>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 50%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="4">
          <p style="margin-bottom: 0px; margin-top: 0px">
            V.F. CORPORATION
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 50%">

        </td>
        <td style="padding-left: 25.0px; text-align: left" valign="top" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Registrant)
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 50%">

        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td style="width: 2%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 28%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 50%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 28%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 50%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; width: 2%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By:
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 28%; border-bottom: solid black 1.0pt" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Scott A. Roe
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 50%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Scott A. Roe
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 50%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Vice President &amp; Chief&#160;Financial Officer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Chief Financial Officer)
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 50%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 28%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 10%" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date:
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            May 1, 2015
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 28%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      EXHIBIT&#160;INDEX
    </p>
    <p style="text-align: center">
      <br>

    </p>
<div style="text-align:left">
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            <u>Exhibit No.</u>
          </p>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Description</u>
          </p>
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            &#160;&#160;&#160;&#160;&#160;&#160;&#160;99
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 87%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            V.F. Corporation press release dated May 1, 2015.
          </p>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a51092831ex99.htm
<DESCRIPTION>EXHIBIT 99
<TEXT>
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    <title></title>
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    <p style="text-align: right">
      <b>Exhibit 99</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>VF
      Reports 2015 First Quarter Results</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-family: Times New Roman; font-size: 12pt"><b>First
        quarter revenues up 2 percent (up 8 percent currency neutral)</b></font>
      </li>
    </ul>
    <p style="margin-left: 60.0px">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>- Outdoor
      &amp; Action Sports revenues up 2 percent (up 10 percent currency neutral)</b></font>
    </p>
    <p style="margin-left: 60.0px">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>-
      International revenues down 5 percent (up 9 percent currency neutral)</b></font>
    </p>
    <p style="margin-left: 60.0px">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>-
      Direct-to-consumer revenues up 5 percent (up 11 percent currency neutral)</b></font>
    </p>
    <p style="margin-left: 60.0px">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>-
      Jeanswear revenues up 1 percent (up 6 percent currency neutral)</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-family: Times New Roman; font-size: 12pt"><b>Earnings
        Per Share flat (up 13 percent currency neutral)</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-family: Times New Roman; font-size: 12pt"><b>Full-year
        currency neutral EPS now expected to increase 14 percent compared to
        adjusted EPS of $3.08 in 2014 (up from previous 12 percent growth
        expectation)</b></font>
      </li>
    </ul>
    <p>
      GREENSBORO, N.C.--(BUSINESS WIRE)--May 1, 2015--VF Corporation (NYSE:
      VFC) today reported financial results for its first quarter ended April
      4, 2015. All per share amounts are presented on a diluted basis. This
      release refers to &#8220;currency neutral&#8221; and &#8220;reported&#8221; amounts, terms that
      are described under the &#8220;Currency Neutral &#8211; Excluding the Impact of
      Foreign Currency&#8221; paragraph. Reconciliations of GAAP measures to
      currency neutral amounts are presented in the supplemental financial
      information included with this release, which identifies and quantifies
      all excluded items. Unless otherwise noted, currency neutral and
      reported amounts are the same.
    </p>
    <p>
      &#8220;We remain confident in the year ahead, the fundamental strength of our
      business, and the significant momentum we see across our diverse
      portfolio of brands,&#8221; said Eric Wiseman, VF Chairman, President and
      Chief Executive Officer. &#8220;The proven strength of VF&#8217;s growth strategy,
      driven by consistent execution and solid operational discipline, has led
      us to increase our expectations for full-year currency neutral earnings
      per share growth putting us on track to deliver another record year to
      shareholders.&#8221;
    </p>
    <p>
      <i><b>First Quarter 2015 Highlights</b></i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Revenues</b> rose 8 percent on a currency neutral basis including
        growth in our Outdoor &amp; Action Sports, Jeanswear, Imagewear and
        Sportswear coalitions, and our international and direct-to-consumer
        businesses. On a reported basis, revenues increased 2 percent over the
        2014 quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Gross margin </b>was 49.0 percent on a reported basis, down 40
        basis points compared with the same quarter last year and in line with
        our expectations. Continued benefit from the shift of our revenue mix
        toward higher margin businesses was more than offset by the impact of
        foreign currency. The company continues to expect a 70 basis point
        improvement for the full year to reach 49.5 percent on a currency
        neutral basis (49.2 percent reported).
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Operating income</b> on a reported basis was down 1 percent to $398
        million compared with the same period of 2014. Operating margin on a
        reported basis declined 50 basis points to 14.0 percent, which
        includes a 70 basis point headwind from changes in foreign currency
        rates.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Earnings per share</b> were up 13 percent on a currency neutral
        basis and were flat on a reported basis compared with last year&#8217;s same
        period.
      </li>
    </ul>
    <div style="margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; text-indent: 0pt; width: 100%">
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        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
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        </div>
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        </div>
      </div>
    </div>
    <p>
      <i><b>Coalition Review</b></i>
    </p>
    <p>
      First quarter revenues for the <b>Outdoor &amp; Action Sports</b>
      coalition were up 10 percent on a currency neutral basis (up 2 percent
      reported to $1.6 billion).
    </p>
    <p>
      In line with our expectations, first quarter currency neutral revenues
      for <i>The North Face<sup>&#174;</sup></i> brand rose 7 percent (up 1
      percent reported), including a 20 percent increase (up 13 percent
      reported) in direct-to-consumer business. By region, <i>The North Face<sup>&#174;</sup></i>
      brand&#8217;s revenues were up at a mid single-digit percentage rate in the
      Americas, up at a high single-digit rate (down low double-digit
      reported) in Europe and up at a low double-digit percentage rate in the
      Asia Pacific region. For the full year, the company&#8217;s expectation for
      low double-digit currency neutral revenue growth for <i>The North Face<sup>&#174;</sup></i>
      brand remains unchanged.
    </p>
    <p>
      Currency neutral revenues for the <i>Vans<sup>&#174;</sup></i> brand in
      the first quarter were up 16 percent (up 8 percent reported) including
      balanced growth in its direct-to-consumer and wholesale businesses.
      Revenues in the Americas region were up at a high-teen percentage rate
      (up mid-teen reported), up more than 45 percent in the Asia Pacific
      region and up at a mid single-digit rate (down low double-digit
      reported) in Europe. In 2015, the company continues to expect a mid-teen
      currency neutral percentage rate increase in revenues for the <i>Vans<sup>&#174;</sup></i>
      brand.
    </p>
    <p>
      First quarter revenues for the <i>Timberland<sup>&#174;</sup> </i>brand
      were up 10 percent on a currency neutral basis (flat reported) including
      a 16 percent increase (up 6 percent reported) in its wholesale business.
      In the Americas region, revenues were up at a high-teen percentage rate
      driven by significant wholesale growth. In Asia Pacific, revenues in the
      first quarter were up at a high single-digit rate (up low single-digit
      reported) and in Europe, the <i>Timberland<sup>&#174;</sup> </i>brand
      was up at a low single-digit rate (down mid-teen reported). There is no
      change to the company&#8217;s expectation for the <i>Timberland<sup>&#174;</sup>
      </i>brand revenues to increase at a low-teen percentage rate on a
      currency neutral basis in 2015.
    </p>
    <p>
      First quarter operating income for Outdoor &amp; Action Sports was down 5
      percent to $261 million (as reported) and operating margin declined 120
      basis points to 16.2 percent (as reported), primarily due to changes in
      foreign currency rates and increased investments in the
      direct-to-consumer business, including the addition of 116 retail stores
      on a year-over-year basis.
    </p>
    <p>
      <b>Jeanswear</b> first quarter revenues were up 6 percent (up 1 percent
      reported, to $700 million). Revenues for the Americas region improved at
      a mid single-digit percentage rate. In Europe, revenues were up at a mid
      single-digit percentage (down mid-teen reported) and in Asia, revenues
      were up at a high single-digit rate.
    </p>
    <p>
      Revenues for the <i>Wrangler<sup>&#174;</sup></i> brand in the first
      quarter were up 9 percent (up 5 percent reported) driven by strength in
      the Americas region, which realized low double-digit growth in the U.S.
      mass channel and a mid single-digit increase in its western specialty
      business. <i>Wrangler<sup>&#174;</sup></i> brand revenues in Europe were
      down at a mid single-digit percentage rate (down more than 20 percent
      reported) due to weakness in Eastern Europe and up at a low double-digit
      percentage rate (high single-digit reported) in the Asia Pacific region.
    </p>
    <p>
      Global revenues, on a currency neutral basis, for the <i>Lee<sup>&#174;</sup></i><sup>
      </sup>brand in the first quarter were up 4 percent (down 1 percent
      reported) including a high single-digit percentage rate increase (up mid
      single reported) in Asia Pacific and a mid-teen percentage increase
      (down mid single-digit reported) in Europe. The Americas region, which
      saw a low single-digit percentage decline in revenues, continues to work
      through ongoing challenges in the U.S. mid-tier channel.
    </p>
    <p>
      Operating income for Jeanswear in the first quarter rose 2 percent to
      $132 million (as reported). Operating margin increased 20 basis points
      to 18.9 percent (as reported) in the quarter, driven by increased volume.
    </p>
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        </div>
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        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Imagewear</b> revenues were up 8 percent (up 7 percent reported to
      $283 million) in the first quarter driven by a mid-teen percentage rate
      increase in the workwear business with continued strong demand for the <i>Red
      Kap<sup>&#174;</sup></i> brand. First quarter operating income for
      Imagewear was up 9 percent to $41 million (as reported), with a 30 basis
      point improvement in operating margin to 14.6 percent (as reported).
    </p>
    <p>
      <b>Sportswear</b> first quarter revenues increased 3 percent to $136
      million. <i>Nautica<sup>&#174; </sup></i>brand revenues were up at a low
      single-digit percentage rate driven by strength in wholesale sales. The <i>Kipling<sup>&#174;</sup></i>
      brand&#8217;s revenues in the U.S. were up 9 percent compared with the same
      period last year. In the first quarter, operating income was up 2
      percent to $13 million while operating margin was flat at 9.5 percent.
    </p>
    <p>
      <b>Contemporary Brands</b> coalition first quarter revenues were down 7
      percent (down 11 percent reported to $88 million), reflecting ongoing
      challenges in demand for the sector.
    </p>
    <p>
      <i><b>International Review</b></i>
    </p>
    <p>
      International revenues, on a currency neutral basis, were up 9 percent
      (down 5 percent reported) in the first quarter. Revenues in Europe were
      up 4 percent (down 14 percent reported) and in the Asia Pacific region
      were up 17 percent (up 13 percent reported). Revenues in the Americas
      (non-U.S.) region were up 16 percent (up 4 percent reported). On a
      reported basis, international revenues were 40 percent of total VF first
      quarter sales compared with 43 percent in the same period of 2014.
    </p>
    <p>
      <i><b>Direct-to-Consumer Review</b></i>
    </p>
    <p>
      Direct-to-consumer revenues, on a currency neutral basis, grew 11
      percent (up 5 percent reported) in the first quarter with positive
      comparable sales growth in all regions and particular strength in
      Europe. Twenty-three stores were opened during the first quarter
      bringing the total number of VF-owned retail stores to 1,395. On a
      reported basis, direct-to-consumer revenues reached 24 percent of total
      revenues in the first quarter compared with 23 percent in the same
      period of 2014.
    </p>
    <p>
      <i><b>Balance Sheet Highlights</b></i>
    </p>
    <p>
      In line with expectations, inventories were up 7 percent compared with
      the same period of 2014. During the first quarter, VF purchased a total
      of 10 million common shares for approximately $730 million under its
      Board of Directors share repurchase authorization. No additional share
      repurchases in 2015 are anticipated. Additionally, VF made a
      discretionary contribution of $250 million to its U.S. qualified pension
      plan, which is now fully funded.
    </p>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%">
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        <div style="text-align: center">

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        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i><b>2015 Currency Neutral Earnings Outlook Raised</b></i>
    </p>
    <p>
      <b>Earnings per share</b>, on a currency neutral basis, are now expected
      to increase by 14 percent compared to adjusted earnings per share of
      $3.08 in 2014. This is an increase from the previous expectation of 12
      percent per share growth provided on February 13, 2015. Earnings per
      share, on a reported basis, are still anticipated to increase by 4
      percent to $3.20 compared to adjusted earnings per share of $3.08 in
      2014. As a reminder, 2014 adjusted earnings per share excluded the
      negative impact of a $0.70 noncash impairment charge recorded in the
      fourth quarter of 2014 to reduce the carrying value of the goodwill and
      intangible assets related to the <i>7 For All Mankind<sup>&#174;</sup></i>,
      <i>Ella Moss<sup>&#174;</sup> </i>and <i>Splendid<sup>&#174;</sup></i>
      brands. On a reported basis, 2014 earnings per share were $2.38.
    </p>
    <p>
      <i><b>Dividend Declared</b></i>
    </p>
    <p>
      VF&#8217;s Board of Directors declared a quarterly dividend of $0.32 per
      share, payable on June 19, 2015, to shareholders of record on June 9,
      2015.
    </p>
    <p>
      <i><b>Currency Neutral &#8211; Excluding the Impact of Foreign Currency</b></i>
    </p>
    <p>
      This release refers to &#8220;currency neutral&#8221;&#8217; amounts for the first quarter
      of 2015 and full-year outlook. Currency neutral amounts <u>exclude</u>
      both the impact of translating foreign currencies into U.S. dollars and
      the impact of currency rate changes on foreign currency denominated
      transactions. This release also refers to &#8220;reported&#8221; amounts in
      accordance with U.S. GAAP, which <u>include</u> translation and
      transactional impacts from foreign currency exchange rates.
      Reconciliations of GAAP measures to currency neutral amounts for the
      first quarter of 2015 are presented in the supplemental financial
      information included with this release, which identify and quantify all
      excluded items.
    </p>
    <p>
      <i><b>Webcast Information</b></i>
    </p>
    <p>
      VF will hold its 2015 first quarter conference call and webcast today at
      8:30 a.m. Eastern Time. Interested parties should call (800) 334-8065
      (U.S.) or (913) 312-1422 (international) to access the call. The
      conference call will be broadcast live and is accessible at <u>www.vfc.com</u>.
      A replay of the conference call will be available from May 1 through May
      8, 2015, via telephone at 877-870-5176 (access code: 5507207) or at <u>www.vfc.com</u>.
    </p>
    <p>
      <i><b>About VF</b></i>
    </p>
    <p>
      VF Corporation (NYSE: VFC) is a global leader in the design,
      manufacture, marketing and distribution of branded lifestyle apparel,
      footwear and accessories. The company&#8217;s highly diversified portfolio of
      30 powerful brands spans numerous geographies, product categories,
      consumer demographics and sales channels, giving VF a unique industry
      position and the ability to create sustainable, long-term growth for our
      customers and shareholders. The company&#8217;s largest brands are&#160;<i>The
      North Face<sup>&#174;</sup></i>,&#160;<i>Vans<sup>&#174;</sup>,
      Timberland<sup>&#174;</sup>, Wrangler<sup>&#174;</sup>, Lee<sup>&#174;</sup>
      </i>and<i> Nautica<sup>&#174;</sup>. </i>For more information, visit&#160;<u>www.vfc.com</u>.
    </p>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%">
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        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i><b>Forward Looking Statements</b></i>
    </p>
    <p>
      Certain statements included in this release and the attachments are
      &quot;forward-looking statements&quot; within the meaning of the federal
      securities laws. Forward-looking statements are made based on our
      expectations and beliefs concerning future events impacting VF and
      therefore involve a number of risks and uncertainties. You can identify
      these statements by the fact that they use words such as &#8220;will,&#8221;
      &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;should,&#8221; and &#8220;may&#8221; and other words
      and terms of similar meaning or use of future dates. We caution that
      forward-looking statements are not guarantees and that actual results
      could differ materially from those expressed or implied in the
      forward-looking statements. Potential risks and uncertainties that could
      cause the actual results of operations or financial condition of VF to
      differ materially from those expressed or implied by forward-looking
      statements in this release include, but are not limited to: foreign
      currency fluctuations; the level of consumer demand for apparel,
      footwear and accessories; disruption to VF&#8217;s distribution system; VF's
      reliance on a small number of large customers; the financial strength of
      VF's customers; VF's ability to implement its growth strategy; VF's
      ability to grow its international and direct-to-consumer businesses; VF
      and its customers&#8217; ability to maintain the strength and security of
      information technology systems; stability of VF's manufacturing
      facilities and foreign suppliers; continued use by VF's suppliers of
      ethical business practices; VF&#8217;s ability to accurately forecast demand
      for products; VF's ability to protect trademarks and other intellectual
      property rights; possible goodwill and other asset impairment; changes
      in tax liabilities; and legal, regulatory, political and economic risks
      in international markets. More information on potential factors that
      could affect VF's financial results is included from time to time in
      VF's public reports filed with the Securities and Exchange Commission,
      including VF's Annual Report on Form 10-K and Quarterly Reports on Form
      10-Q.
    </p>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%">
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        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="12">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>VF CORPORATION</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Condensed Consolidated Statements of Income</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Unaudited)</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(In thousands, except per share amounts</b>)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt" valign="top" colspan="7">
          <b>Three Months Ended March</b>
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" valign="bottom" colspan="2">
          <b>%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom" colspan="3">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom" colspan="3">
          <b>2014</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt" valign="top" colspan="2">
          <b>Change</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Net sales</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2,803,302
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2,750,115
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          <b>Royalty income</b>
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          33,999
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          30,663
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          11
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          <b>Total revenues</b>
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          2,837,301
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          2,780,778
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Costs and operating expenses</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Cost of goods sold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,446,547
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,406,566
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          3
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left" valign="top">
          Selling, general and administrative expenses
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          992,919
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          971,022
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          2,439,466
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          2,377,588
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          3
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Operating income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          397,835
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          403,190
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (1
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Interest, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (19,751
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (19,306
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (2
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %)
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left" valign="top">
          Other income (expense), net
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          828
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          (2,092
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          140
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Income before income taxes</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          378,912
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          381,792
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (1
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          <b>Income taxes</b>
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          90,203
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          84,599
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          7
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="top">
          <b>Net income</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          288,709
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          297,193
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (3
        </td>
        <td style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Earnings per common share</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Basic
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          0.68
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          0.68
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          0
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Diluted
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          0.67
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          0.67
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          0
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Weighted average shares outstanding</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          426,255
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          438,290
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          434,103
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          446,266
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Cash dividends per common share</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          0.3200
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          0.2625
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          22
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
    </table>
    </div>
    <p>
      <b>Basis of presentation: </b>VF operates and reports using a 52/53 week
      fiscal year ending on the Saturday closest to December 31 of each year.
      For presentation purposes herein, all references to periods ended March
      2015 and March 2014 relate to the 13 week fiscal periods ended April 4,
      2015 and March 29, 2014, respectively.
    </p>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="10">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>VF CORPORATION</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Condensed Consolidated Balance Sheets</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Unaudited)</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(In thousands)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt" valign="top" colspan="2">
          <b>March</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt" valign="top" colspan="2">
          <b>December</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt" valign="top" colspan="2">
          <b>March</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom" colspan="2">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom" colspan="2">
          <b>2014</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom" colspan="2">
          <b>2014</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>ASSETS</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Current assets</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Cash and equivalents
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          655,483
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          971,895
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          321,672
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,283,216
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,276,224
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,310,468
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Inventories
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,624,234
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,482,804
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,512,459
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left" valign="top">
          Other current assets
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          518,593
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          454,931
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          389,922
        </td>
      </tr>
      <tr>
        <td style="padding-left: 40.0px; text-align: left" valign="top">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          4,081,526
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          4,185,854
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          3,534,521
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Property, plant and equipment</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          911,478
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          942,181
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          921,970
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Intangible assets</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2,291,505
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2,433,552
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2,946,959
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Goodwill</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,795,359
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,824,956
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2,022,086
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          <b>Other assets</b>
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          652,996
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          593,597
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          559,616
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 40.0px; text-align: left" valign="top">
          Total assets
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          9,732,864
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          9,980,140
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          9,985,152
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>LIABILITIES AND STOCKHOLDERS' EQUITY</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Current liabilities</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Short-term borrowings
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,067,961
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          21,822
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          261,105
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Current portion of long-term debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          3,384
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          3,975
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          5,142
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Accounts payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          457,744
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          690,842
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          467,578
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left" valign="top">
          Accrued liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          749,237
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          903,602
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          807,708
        </td>
      </tr>
      <tr>
        <td style="padding-left: 40.0px; text-align: left" valign="top">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2,278,326
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,620,241
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,541,533
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Long-term debt</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,422,840
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,423,581
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,425,833
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Other liabilities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,127,433
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,305,436
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,262,957
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          <b>Stockholders' equity</b>
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          4,904,265
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          5,630,882
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          5,754,829
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 40.0px; text-align: left" valign="top">
          Total liabilities and stockholders' equity
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          9,732,864
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          9,980,140
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          9,985,152
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="9">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>VF CORPORATION</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Condensed Consolidated Statements of Cash Flows</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Unaudited)</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(In thousands)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt" valign="top" colspan="7">
          <b>Three Months Ended March</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom" colspan="3">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom" colspan="3">
          <b>2014</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          <b>Operating activities</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Net income
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          288,709
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          297,193
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          65,880
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          64,017
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Other noncash adjustments to net income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (217,814
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          62,796
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left" valign="top">
          Changes in operating assets and liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          (567,399
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          (410,352
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 40.0px; text-align: left" valign="top">
          Cash (used) provided by operating activities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (430,624
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          13,654
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          <b>Investing activities</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Capital expenditures
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (33,028
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (49,309
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Software purchases
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (36,708
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (44,654
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left" valign="top">
          Other, net
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          10,617
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          (5,170
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 40.0px; text-align: left" valign="top">
          Cash used by investing activities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (59,119
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (99,133
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          <b>Financing activities</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Net increase in short-term borrowings
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,047,660
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          242,586
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Payments on long-term debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (1,414
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (1,099
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Purchases of treasury stock
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (730,811
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (513,778
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Cash dividends paid
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (135,912
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (114,776
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left" valign="top">
          Net impact of stock issuance
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          25,571
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          20,807
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 40.0px; text-align: left" valign="top">
          Cash provided (used) by financing activities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          205,094
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (366,260
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 5.0px; text-align: left" valign="top">
          <b>Effect of foreign currency rate changes on cash and equivalents</b>
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          (31,763
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          (2,992
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          <b>Net change in cash and equivalents</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (316,412
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (454,731
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 5.0px; text-align: left" valign="top">
          <b>Cash and equivalents - beginning of year</b>
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          971,895
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          776,403
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 5.0px; text-align: left" valign="top">
          <b>Cash and equivalents - end of period</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          655,483
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          321,672
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="15">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>VF CORPORATION</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Supplemental Financial Information</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Business Segment Information</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Unaudited)</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(In thousands)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left; border-bottom: solid black 1.0pt" rowspan="3" valign="bottom" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>% Change</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Currency</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Neutral **</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt" valign="top" colspan="7">
          <b>Three Months Ended March</b>
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: center; white-space: nowrap" valign="bottom" colspan="2">
          <b>%</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom" colspan="3">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom" colspan="3">
          <b>2014</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt" valign="top" colspan="2">
          <b>Change</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          <b>Coalition revenues</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Outdoor &amp; Action Sports
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,606,889
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,574,647
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          10
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Jeanswear
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          699,655
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          690,330
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          6
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Imagewear
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          282,896
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          263,239
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          7
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          8
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Sportswear
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          135,657
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          131,505
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          3
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          3
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Contemporary Brands
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          87,537
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          98,169
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (11
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %)
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (7
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %)
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left" valign="top">
          Other
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          24,667
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          22,888
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          8
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          8
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 5.0px; text-align: left" valign="top">
          Total coalition revenues
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          2,837,301
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          2,780,778
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2
        </td>
        <td style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          8
        </td>
        <td style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          <b>Coalition profit</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Outdoor &amp; Action Sports
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          260,820
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          274,490
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (5
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %)
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          7
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Jeanswear
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          131,932
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          129,266
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          7
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Imagewear
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          41,347
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          37,772
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          9
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          13
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Sportswear
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          12,841
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          12,555
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          2
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Contemporary Brands
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          3,540
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          7,902
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (55
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %)
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (48
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %)
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left" valign="top">
          Other
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          14,527
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          (3,116
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="top" colspan="2">
          *
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="top" colspan="2">
          *
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          Total coalition profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          465,007
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          458,869
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          10
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Corporate and other expenses</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (66,344
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (57,771
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (15
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %)
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (15
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %)
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          <b>Interest, net</b>
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          (19,751
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          (19,306
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (2
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %)
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (2
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="top">
          <b>Income before income taxes</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          378,912
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          381,792
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (1
        </td>
        <td style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %)
        </td>
        <td>

        </td>
        <td style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          10
        </td>
        <td style="padding-bottom: 4.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          * Calculation not meaningful
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="5">
          ** Refer to currency neutral definition on following page
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="12">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>VF CORPORATION</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Supplemental Financial Information</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Business Segment Information &#8211; Currency Neutral Basis</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Unaudited)</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(In thousands)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt" valign="top" colspan="11">
          <b>Three Months Ended March 2015</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt" rowspan="2" valign="bottom" colspan="3">
          <b>As Reported</b><br><b>Under GAAP</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt" rowspan="2" valign="bottom" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Adjust for Foreign</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Currency Exchange</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; border-bottom: solid black 1.0pt" valign="bottom" colspan="3">
          <b>Currency Neutral</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          <b>Coalition revenues</b>
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Outdoor &amp; Action Sports
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,606,889
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (130,699
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          1,737,588
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Jeanswear
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          699,655
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (30,578
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          730,233
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Imagewear
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          282,896
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (1,939
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          284,835
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Sportswear
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          135,657
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          135,657
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 25.0px; text-align: left" valign="top">
          Contemporary Brands
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          87,537
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (3,710
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          91,247
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left" valign="top">
          Other
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          24,667
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt" colspan="3">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          24,667
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 5.0px; text-align: left" valign="top">
          Total coalition revenues
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          2,837,301
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          (166,926
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          3,004,227
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          <b>Coalition profit</b>
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left" valign="top">
          Outdoor &amp; Action Sports
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          260,820
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (33,759
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          294,579
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left" valign="top">
          Jeanswear
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          131,932
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (5,965
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          137,897
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left" valign="top">
          Imagewear
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          41,347
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (1,362
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          42,709
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left" valign="top">
          Sportswear
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          12,841
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          12,841
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left" valign="top">
          Contemporary Brands
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          3,540
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (540
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          4,080
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 30.0px; text-align: left" valign="top">
          Other
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          14,527
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          -
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          14,527
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="top">
          Total coalition profit
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          465,007
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (41,626
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          506,633
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Corporate and other expenses</b>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (66,344
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; white-space: nowrap" valign="bottom">
          (66,344
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          <b>Interest, net</b>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          (19,751
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          -
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          (19,751
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom: solid black 1.0pt; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="top">
          <b>Income before income taxes</b>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          378,912
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          (41,626
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom: double black 2.25pt; white-space: nowrap" valign="bottom">
          420,538
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      <b>Currency Neutral Financial Information</b>
    </p>
    <p>
      VF is a global company that reports financial information in U.S.
      dollars in accordance with generally accepted accounting principles.
      Foreign currency exchange rate fluctuations affect the amounts reported
      by VF from translating its foreign revenues and expenses into U.S.
      dollars, and from entering foreign currency transactions. These rate
      fluctuations can have a significant effect on reported operating
      results. As a supplement to our reported operating results, we present
      currency neutral financial information, which is a non-GAAP financial
      measure that excludes the incremental current year impact of foreign
      currency exchange. We use currency neutral information to provide a
      framework to assess how our business performed excluding the effects of
      changes in the rates used to calculate foreign currency translation and
      transaction gains and losses. Management believes this information is
      useful to investors to facilitate comparison of operating results and
      better identify trends in our businesses.
    </p>
    <p>
      To calculate foreign currency translation on a currency neutral basis,
      operating results for the current year period for entities reporting in
      currencies other than the U.S. dollar are translated into U.S. dollars
      at the average exchange rates in effect during the comparable period of
      the prior year (rather than the actual exchange rates in effect during
      the current year period). Similarly, transaction gains and losses on a
      currency neutral basis are calculated using exchange rates from the
      comparable period of the prior year.
    </p>
    <p>
      These currency neutral performance measures should be viewed in addition
      to, and not in lieu of or superior to, our operating performance
      measures calculated in accordance with GAAP. The currency neutral
      information presented may not be comparable to similarly titled measures
      reported by other companies.
    </p>
    <p>
      CONTACT:<br><u><b>VF Corporation</b></u><br>Lance Allega<br>Vice
      President, Investor Relations<br>336-424-6082<br>or<br>Craig Hodges<br>Director,
      Corporate Communications<br>336-424-5636
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
