<SEC-DOCUMENT>0001157523-18-000357.txt : 20180216
<SEC-HEADER>0001157523-18-000357.hdr.sgml : 20180216
<ACCEPTANCE-DATETIME>20180216065530
ACCESSION NUMBER:		0001157523-18-000357
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180216
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180216
DATE AS OF CHANGE:		20180216

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:		18619617

	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>a51759804.htm
<DESCRIPTION>V.F. CORPORATION 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2018 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 10pt; font-family: Times New Roman">
    <hr style="text-align: center; height: 3.0 pt; color: #000000; width: 100%">


    <p style="text-align: center">
      <font style="font-size: 18pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 18pt; font-family: Times New Roman"><br style="font-size: 18pt; font-family: Times New Roman"></font><font style="font-size: 18pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-size: 10pt; font-family: Times New Roman">Washington,
      D.C. 20549</font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 16pt"><b>FORM 8-K</b></font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>PURSUANT
      TO SECTION 13 OR 15(d) OF</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>THE
      SECURITIES EXCHANGE ACT OF 1934</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Date of
      Report (Date of earliest event reported): February 16, 2018</b></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman"><b>______________________________________________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 18pt"><b>V.F. Corporation</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      Name of Registrant as Specified in Charter)</font><br><font style="font-family: Times New Roman"><b>______________________________________________</b></font><br>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt">
      <tr>
        <td valign="bottom" style="width: 33%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Pennsylvania</b>
          </p>
        </td>
        <td valign="bottom" style="width: 34%; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1-5256</b>
          </p>
        </td>
        <td valign="bottom" style="width: 33%; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>23-1180120</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="width: 33%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or Other Jurisdiction
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            of Incorporation)
          </p>
        </td>
        <td valign="bottom" style="width: 34%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            File Number)
          </p>
        </td>
        <td valign="bottom" style="width: 33%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt">
      <tr>
        <td valign="bottom" style="width: 50%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>105 Corporate Center Boulevard</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Greensboro, North Carolina</b>
          </p>
        </td>
        <td valign="bottom" style="width: 50%; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>27408</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="width: 50%; padding-left: 0.0px; text-align: center">
          (Address of Principal Executive Offices)
        </td>
        <td valign="bottom" style="width: 50%; padding-left: 0.0px; text-align: center">
          (Zip Code)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman"><b>(336)
      424-6000</b></font><br>(<font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code)</font><br><br>
    </p>
    <p style="font-size: 10pt; text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">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="font-size: 10pt; text-align: left">
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font><br><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font><br><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font><br><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 ((&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).
    </p>
    <p style="font-size: 10pt; text-align: left">
      Emerging growth company&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p style="font-size: 10pt; text-align: left">
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <hr style="width: 100%; color: #000000; text-align: center; height: 3.0 pt">


    <p>

    </p>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

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

    </p>
    <p style="white-space: nowrap">
      <b>Item 2.02.&#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      On February&#160;16, 2018, V.F. Corporation issued a press release setting
      forth its fourth quarter and full year 2017 earnings.&#160;A copy of the
      press release is attached hereto as Exhibit 99.
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      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
      incorporated by reference into any filing under the Securities Act of
      1933, as amended, or the Exchange Act, except as shall be expressly set
      forth by specific reference in such a filing.
    </p>
    <p>
      <b>Item 9.01. &#160;Financial Statements and Exhibits.</b>
    </p>
    <p style="white-space: nowrap">
      (d)&#160;&#160;&#160;Exhibits.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt">
      <tr>
        <td style="width: 1%">
          &#160;
        </td>
        <td valign="bottom" style="width: 10%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit No.</u>
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td valign="bottom" style="width: 87%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 1%">

        </td>
        <td style="width: 10%">

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

        </td>
        <td style="width: 87%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 1%">

        </td>
        <td valign="bottom" style="width: 10%; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<a href="a51759804ex99.htm">99</a>
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td valign="bottom" style="width: 87%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51759804ex99.htm">V.F. Corporation press release dated
            February 16, 2018.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <hr style="width: 100%; color: #000000; text-align: center; height: 3.0 pt">


    <p>

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

        </td>
        <td style="width: 52%">

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

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

        </td>
        <td style="width: 52%">

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: left">
          (Registrant)
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 5%; padding-left: 0.0px; text-align: left">

        </td>
        <td style="width: 52%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 30%">

        </td>
        <td style="width: 10%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 5%; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="width: 52%; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="width: 3%; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          By:
        </td>
        <td valign="top" style="width: 30%; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Scott A. Roe
          </p>
        </td>
        <td style="width: 10%">

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

        </td>
        <td style="width: 52%">

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

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

        </td>
        <td style="width: 52%">

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

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

        </td>
        <td style="width: 52%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 30%">

        </td>
        <td style="width: 10%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 52%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 30%">

        </td>
        <td style="width: 10%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 5%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date:
          </p>
        </td>
        <td valign="top" style="width: 52%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            February 16, 2018
          </p>
        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 30%">

        </td>
        <td style="width: 10%">

        </td>
      </tr>
    </table>
    </div>
    <hr style="width: 100%; color: #000000; text-align: center; height: 3.0 pt">


    <p>

    </p>
    <p style="text-align: center">
      <b>EXHIBIT INDEX</b>
    </p>
    <p style="text-align: center">

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt">
      <tr>
        <td valign="top" style="width: 10%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit No.</u>
          </p>
        </td>
        <td valign="top" style="width: 2%; padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="width: 88%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

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

        </td>
        <td valign="top" style="width: 88%; padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 10%; white-space: nowrap; padding-left: 45.0px; padding-right: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51759804ex99.htm">99</a>
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td valign="top" style="width: 88%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51759804ex99.htm">V.F. Corporation press release dated
            February 16, 2018.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
  </body>
</html>
<!--<!DOCTYPE html
     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a51759804ex99.htm
<DESCRIPTION>EXHIBIT 99
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2018 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>VF
      Reports Better Than Expected Fourth Quarter and Full Year 2017 Results;
      Provides Outlook for Transition Quarter Ending March 31, 2018</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Full
        year 2017 revenue from continuing operations increased 7 percent to
        $11.8 billion, including an approximate 2 percentage point revenue
        growth contribution from the Williamson-Dickie acquisition;</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Full
        year 2017 reported gross margin from continuing operations increased
        120 basis points (up 180 basis points currency neutral) to a record
        high of 50.5 percent. On an adjusted basis, gross margin increased 100
        basis points (up 160 basis points currency neutral) to 50.5 percent;</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Full
        year 2017 reported earnings per share from continuing operations was
        $1.79, including a $1.15 per share negative impact from recent U.S.
        tax legislation. Adjusted earnings per share from continuing
        operations increased 4 percent to $2.98 (up 7 percent currency
        neutral) including a $0.04 per share contribution from the
        Williamson-Dickie acquisition;</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Fourth
        quarter and full year 2017 earnings per share results include an
        incremental $0.06 per share ($35 million pretax) impact from
        additional investments to drive accelerated growth in 2018 and beyond.
        Relative to the company's original outlook provided on February 17,
        2017, full year 2017 earnings per share included a $0.19 (about $100
        million pretax) impact from incremental investments;</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>2017
        cash flow from operations reached approximately $1.5 billion and the
        company returned approximately $1.9 billion to shareholders through
        dividends and share repurchases; and,</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Revenue
        and adjusted earnings per share from continuing operations for the
        transition quarter ending March 31, 2018 expected to approximate $2.9
        billion and $0.65, respectively.</b></font>
      </li>
    </ul>
    <p>
      GREENSBORO, N.C.--(BUSINESS WIRE)--February 16, 2018--VF Corporation
      (NYSE: VFC) today reported financial results for its fourth quarter and
      full year ended December&#160;30, 2017. All per share amounts are presented
      on a diluted basis. This release refers to &#8220;reported&#8221; and &#8220;currency
      neutral&#8221; amounts, terms that are described under the heading &#8220;Currency
      Neutral - Excluding the Impact of Foreign Currency.&#8221; Unless otherwise
      noted, &#8220;reported&#8221; and &#8220;currency neutral&#8221; amounts are the same. This
      release also refers to &#8220;continuing&#8221; and &#8220;discontinued&#8221; operations
      amounts, which are concepts described under the heading &#8220;Discontinued
      Operations - <i>Nautica<sup>&#174; </sup></i>Brand Business, Licensing
      Business and Contemporary Brands.&#8221; Unless otherwise noted, results
      presented are based on continuing operations. This release also refers
      to &#8220;adjusted&#8221; amounts, terms that are described under the heading
      &#8220;Adjusted Amounts - Excluding Williamson-Dickie and <i>Icebreaker<sup>&#174;</sup></i>
      Transaction and Deal Related Expenses and the Impact of U.S. Tax
      Legislation.&#8221; Unless otherwise noted, &#8220;reported&#8221; and &#8220;adjusted&#8221; amounts
      are the same.
    </p>
    <p>
      &#8220;VF's fourth quarter results were stronger than we expected as growth
      continues to accelerate across core dimensions of our portfolio,&#8221; said
      Steve Rendle, Chairman and Chief Executive Officer. &#8220;We delivered a
      top-quartile total return for shareholders in 2017 and our strong
      performance provided us with the capacity to reinvest about $100 million
      back into our business. I am confident that our investments will
      accelerate growth and drive even stronger long term value for
      shareholders. We remain in the early phase of a multi-year journey to
      become a purpose led, agile, consumer centric organization. I am pleased
      with our early progress and look forward to building on our momentum in
      2018.&#8221;
    </p>
    <div style="width: 100%; margin-right: 0pt; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
    <p>
      <i><b>Currency Neutral - Excluding the Impact of Foreign Currency</b></i>
    </p>
    <p>
      This release refers to &#8220;reported&#8221; amounts in accordance with U.S.
      generally accepted accounting principles (&#8220;GAAP&#8221;), which <u>include</u>
      translation and transactional impacts from foreign currency exchange
      rates. This release also refers to &#8220;currency neutral&#8221; amounts, which <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. 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,
      and provides management&#8217;s view of why this information is useful to
      investors.
    </p>
    <p>
      <i><b>Discontinued Operations - Nautica</b><sup>&#174; </sup><b>Brand
      Business, Licensing Business and Contemporary Brands</b></i>
    </p>
    <p>
      During the fourth quarter of 2017, the company reached the decision to
      sell its <i>Nautica<sup>&#174;</sup></i> brand business and determined
      that it met the held-for-sale and discontinued operations accounting
      criteria. Accordingly, the company has classified the assets and
      liabilities of the <i>Nautica<sup>&#174;</sup></i> brand business as
      held-for-sale and has included the results of this business in
      discontinued operations for all periods presented.
    </p>
    <p>
      On April 28, 2017, the company completed the sale of its Licensed Sports
      Group (LSG) business, including the <i>Majestic<sup>&#174;</sup></i>
      brand. In conjunction with the LSG divestiture, VF executed its plan to
      entirely exit the licensing business and completed the sale of the
      assets of the <i>JanSport</i><sup>&#174;</sup> brand collegiate business
      in the fourth quarter of 2017. On August 26, 2016, the company completed
      the sale of its Contemporary Brands businesses, which included the&#160;<i>7
      For All Mankind<sup>&#174;</sup></i>,&#160;<i>Splendid<sup>&#174;</sup>&#160;</i>and&#160;<i>Ella
      Moss<sup>&#174;</sup>&#160;</i>brands. Accordingly, the company has
      removed the assets and liabilities of the licensing and the Contemporary
      Brands businesses as of the dates noted above and included the operating
      results of these businesses in discontinued operations for all periods
      presented.
    </p>
    <p>
      The company&#8217;s after-tax net loss from discontinued operations was $17
      million in the fourth quarter of 2017, which includes the operating
      results of the <i>Nautica<sup>&#174;</sup></i> brand business, a noncash
      impairment charge to adjust the <i>Nautica<sup>&#174;</sup></i> brand
      business to its estimated fair value, and the gain on sale of the assets
      of the <i>JanSport</i><sup>&#174;</sup> brand collegiate business. The
      company's after-tax net loss from discontinued operations was $106
      million for the full year 2017, which includes the loss on sale of the
      licensing business, the noncash impairment charges related to the <i>Nautica<sup>&#174;</sup></i>
      brand business, and the operating results of the licensing and <i>Nautica<sup>&#174;</sup></i>
      brand businesses.
    </p>
    <p>
      <i><b>Adjusted Amounts - Excluding Williamson-Dickie and Icebreaker</b><sup>&#174;</sup><b>
      Transaction and Deal Related Expenses and the Impact of U.S. Tax
      Legislation</b></i>
    </p>
    <p>
      This release refers to adjusted amounts that exclude transaction and
      deal related expenses associated with the acquisition of
      Williamson-Dickie and <i>Icebreaker<sup>&#174;</sup></i>. Total
      transaction and deal related expenses were $16 million and $21 million
      in the fourth quarter and full year 2017, respectively.
    </p>
    <p>
      Adjusted amounts in this release also exclude the impact of recent U.S.
      tax legislation. On December 22, 2017, the U.S. government enacted
      comprehensive tax legislation commonly referred to as the Tax Cuts and
      Jobs Act (&quot;Tax Act&quot;). The Tax Act reduces the federal tax rate on U.S.
      earnings to 21 percent and moves from a global taxation regime to a
      modified territorial regime. As part of the legislation, U.S. companies
      are required to pay a tax on historical earnings generated offshore that
      have not been repatriated to the U.S. Additionally, revaluation of
      deferred tax asset and liability positions at the lower federal base
      rate of 21 percent is also required. The transitional impact of the Tax
      Act resulted in a provisional net charge of approximately $465 million
      for the fourth quarter and full year 2017. Given the significant
      complexity of the Tax Act, anticipated guidance from the U.S. Treasury
      about implementing the Tax Act, and the potential for additional
      guidance from the Securities and Exchange Commission or the Financial
      Accounting Standards Board related to the Tax Act, these estimates may
      be adjusted during 2018.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
    <p>
      Combined, the above charges negatively impacted earnings per share by
      $1.19 for both the fourth quarter and full year 2017. All adjusted
      amounts referenced herein exclude the effects of these amounts.
    </p>
    <p>
      Reconciliations of measures calculated in accordance with GAAP to
      adjusted amounts are presented in the supplemental financial information
      included with this release, which identifies and quantifies all excluded
      items, and provides management&#8217;s view of why this information is useful
      to investors.
    </p>
    <p>
      <i><b>Fourth Quarter 2017 Income Statement Review</b></i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Revenue</b> increased 20 percent to $3.6 billion (up 18 percent
        currency neutral), including a $247 million contribution from the
        Williamson-Dickie acquisition, which closed on October 2, 2017.
        Excluding the Williamson-Dickie acquisition, revenue increased 12
        percent (up 10 percent currency neutral), driven by broad-based
        strength across VF&#8217;s international and direct-to-consumer platforms,
        Outdoor &amp; Action Sports coalition and Workwear businesses.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Gross margin</b> improved 130 basis points to a quarterly record
        high of 51.5 percent, as benefits from pricing, lower restructuring
        costs, and a mix-shift toward higher margin businesses were partially
        offset by the Williamson-Dickie acquisition and changes in foreign
        currency. On an adjusted basis, gross margin increased 60 basis points
        to 51.6 percent. Excluding the Williamson-Dickie acquisition, adjusted
        gross margin increased 140 basis points to 52.4 percent. Changes in
        foreign currency negatively impacted gross margin by 10 basis points.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Operating income</b> on a reported basis was $481 million. On an
        adjusted basis, operating income increased 6 percent to $497 million,
        including a $19 million contribution from the Williamson-Dickie
        acquisition. <b>Operating margin</b> on a reported basis increased 390
        basis points to 13.2 percent. Adjusted operating margin declined 180
        basis points to 13.6 percent. Adjusted operating margin, excluding the
        Williamson-Dickie acquisition, declined 130 basis points to 14.1
        percent. Changes in foreign currency negatively impacted operating
        margin by 30 basis points.
      </li>
      <li style="margin-bottom: 10.0px">
        Fourth quarter <b>loss per share</b> was $0.18 on a reported basis,
        including a $1.16 negative impact from recent U.S. tax legislation. On
        an adjusted basis, <b>earnings per share</b> increased 13 percent to
        $1.01, including a $0.04 contribution from the Williamson-Dickie
        acquisition. Relative to the company's outlook provided on October 23,
        2017, fourth quarter earnings per share included an incremental $0.06
        ($35 million pretax) impact from additional investments to drive
        accelerated growth in 2018 and beyond.
      </li>
    </ul>
    <p>
      <i><b>Fiscal Year 2017 Income Statement Review</b></i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <i><b>Revenue </b></i>increased 7 percent to $11.8 billion, including
        a $247 million contribution from the Williamson-Dickie acquisition.
        Excluding the Williamson-Dickie acquisition, revenue increased 5
        percent (up 4 percent currency neutral), driven by continued momentum
        in VF's international and direct-to-consumer platforms, Outdoor &amp;
        Action Sports coalition and Workwear businesses.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Gross margin</b> increased 120 basis points to an annual record
        high of 50.5 percent, as benefits from pricing, lower product and
        restructuring costs, and a mix-shift toward higher margin businesses
        were partially offset by changes in foreign currency and the
        Williamson-Dickie acquisition. On an adjusted basis, gross margin
        increased 100 basis points to 50.5 percent. Excluding the
        Williamson-Dickie acquisition, adjusted gross margin increased 120
        basis points to 50.7 percent. Changes in foreign currency negatively
        affected gross margin by 60 basis points.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Operating income</b> on a reported basis increased 10 percent to
        $1.5 billion. Adjusted operating income decreased 2 percent to $1.5
        billion, including a $19 million contribution from the
        Williamson-Dickie acquisition. <b>Operating margin</b> on a reported
        basis increased 30 basis points to 12.7 percent. Adjusted operating
        margin declined 120 basis points to 12.9 percent. Excluding the
        Williamson-Dickie acquisition, adjusted operating margin declined 110
        basis points to 13.0 percent. Changes in foreign currency negatively
        impacted operating margin by 50 basis points.
      </li>
    </ul>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Earnings per share</b> on a reported basis declined 30 percent to
        $1.79, including a $1.15 negative impact from recent U.S. tax
        legislation. Adjusted earnings per share increased 4 percent (up 7
        percent currency neutral) to $2.98, including a $0.04 contribution
        from the Williamson-Dickie acquisition. Relative to the company's
        original outlook provided on February 17, 2017, full year 2017
        earnings per share included a $0.19 (about $100 million pretax) impact
        from incremental investments.
      </li>
    </ul>
    <p>
      <i><b>Balance Sheet and Cash Flow Highlights</b></i>
    </p>
    <p>
      Inventories were up 20 percent compared to 2016 levels. Excluding the
      Williamson-Dickie acquisition, inventories increased 3 percent. In 2017,
      VF&#8217;s cash flow from operations reached approximately $1.5 billion. The
      company also returned approximately $1.9 billion to shareholders through
      dividends and share repurchases.
    </p>
    <p>
      <i><b>Fiscal Year Change</b></i>
    </p>
    <p>
      As previously disclosed, VF's Board of Directors authorized a change in
      the company's fiscal year end to the Saturday closest to March 31 from
      the Saturday closest to December 31.&#160;This change will be effective March
      31, 2018.&#160;VF will report results for the transition quarter ending March
      31, 2018. The first 12-month fiscal year (Fiscal 2019) will run from
      April 1, 2018 through March 30, 2019.
    </p>
    <p>
      <i><b>Outlook For Transition Quarter Ending March 31, 2018</b></i>
    </p>
    <p>
      VF&#8217;s outlook for the transition quarter ending March 31, 2018 includes
      the following:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Revenue</b> is expected to approximate $2.9 billion, up 16 percent,
        including about a $200 million contribution from the Williamson-Dickie
        acquisition. Excluding the Williamson-Dickie acquisition, revenue is
        expected to increase at a high single-digit rate due in part to
        changes in foreign currency.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Adjusted earnings per share</b> is expected to approximate $0.65,
        up 27 percent, including about a $0.02 contribution from the
        Williamson-Dickie acquisition. Excluding the Williamson-Dickie
        acquisition, adjusted earnings per share is expected to increase more
        than 20 percent due in part to changes in foreign currency.
      </li>
    </ul>
    <p>
      <i><b>Dividend Declared</b></i>
    </p>
    <p>
      <i>V</i>F&#8217;s Board of Directors declared a quarterly dividend of $0.46
      per share, payable on March 19, 2018 to shareholders of record on March
      9, 2018.
    </p>
    <p>
      <i><b>Webcast Information</b></i>
    </p>
    <p>
      VF will host its 2017 fourth quarter conference call beginning at 8:30
      a.m. Eastern Time today. The conference call will be broadcast live via
      the internet, accessible at ir.vfc.com. For those unable to listen to
      the live broadcast, an archived version will be available at the same
      location.
    </p>
    <p>
      <i><b>About VF</b></i>
    </p>
    <p>
      VF Corporation (NYSE: VFC) outfits consumers around the world with its
      diverse portfolio of iconic lifestyle brands, including <i>Vans<sup>&#174;</sup>,
      The North Face<sup>&#174;</sup></i>,&#160;<i>Timberland<sup>&#174;</sup>,
      Wrangler<sup>&#174;</sup> </i>and<i> Lee<sup>&#174;</sup></i>. Founded
      in 1899, VF is one of the world&#8217;s largest apparel, footwear and
      accessories companies with socially and environmentally responsible
      operations spanning numerous geographies, product categories and
      distribution channels. VF is committed to delivering innovative products
      to consumers and creating long-term value for its customers and
      shareholders. For more information, visit&#160;<u>www.vfc.com</u>.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

        </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 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 several 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; fluctuations in the price, availability and quality of
      raw materials and contracted products; disruption and volatility in the
      global capital and credit markets; VF's response to changing fashion
      trends, evolving consumer preferences and changing patterns of consumer
      behavior, intense competition from online retailers, manufacturing and
      product innovation; increasing pressure on margins; VF's ability to
      implement its business strategy; VF's ability to grow its international
      and direct-to-consumer businesses; VF&#8217;s and its customers&#8217; and vendors&#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;
      continuity of members of VF&#8217;s management; VF's ability to protect
      trademarks and other intellectual property rights; possible goodwill and
      other asset impairment; maintenance by VF&#8217;s licensees and distributors
      of the value of VF&#8217;s brands; VF's ability to execute and integrate
      acquisitions; changes in tax laws and liabilities; legal, regulatory,
      political and economic risks; and adverse or unexpected weather
      conditions. 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-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="23" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>VF CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td colspan="23" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Condensed Consolidated Statements of Income</b>
        </td>
      </tr>
      <tr>
        <td colspan="23" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td colspan="23" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(In thousands, except per share amounts)</b>
        </td>
      </tr>
      <tr>
        <td colspan="23">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" valign="top" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Three Months Ended December</b>
        </td>
        <td>

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

        </td>
        <td colspan="7" valign="top" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Twelve Months Ended December</b>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>2017</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>2016</b>
        </td>
        <td>

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

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>2017</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>2016</b>
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          3,624,804
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          3,020,107
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          20
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          11,735,695
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          10,957,922
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          24,479
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          17,436
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: right">
          40
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          75,482
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          68,225
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          3,649,283
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          3,037,543
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: right">
          20
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          11,811,177
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          11,026,147
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Cost of goods sold
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,769,819
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,513,087
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          17
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          5,844,941
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          5,589,923
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Selling, general and administrative expenses
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,398,093
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,162,386
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          20
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          4,463,146
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          3,988,320
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          12
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Impairment of goodwill and intangible assets
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          79,644
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          79,644
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 30.0px; padding-bottom: 2.0px; text-align: left">
          Total costs and operating expenses
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          3,167,912
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          2,755,117
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: right">
          15
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          10,308,087
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          9,657,887
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          481,371
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          282,426
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          70
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,503,090
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,368,260
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (22,548
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (21,564
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

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

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (85,880
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (85,546
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Other (expense) income, net</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1,346
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          306
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (715
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          2,002
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Income from continuing operations before income taxes</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          460,169
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          261,168
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          76
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,416,495
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,284,716
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          10
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Income taxes</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          533,148
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          23,085
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          695,286
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          205,862
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Income (loss) from continuing operations</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (72,979
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          238,083
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          721,209
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,078,854
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (33
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Income (loss) from discontinued operations, net of tax</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (17,290
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          26,250
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (106,286
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (4,748
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left">
          <b>Net income (loss)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (90,269
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          264,333
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: right">
          (134
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          614,923
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1,074,106
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: right">
          (43
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Earnings (loss) per common share - basic <sup>(a)</sup></b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Continuing operations
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (0.18
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.58
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (132
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.81
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2.59
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (30
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Discontinued operations
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.04
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          0.06
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.27
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.01
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left">
          <b>Total earnings per common share - basic</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.23
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          0.64
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: right">
          (136
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1.54
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          2.58
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: right">
          (40
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Earnings (loss) per common share - diluted <sup>(a)</sup></b>
          </p>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Continuing operations
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (0.18
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.57
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (132
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.79
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2.56
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (30
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Discontinued operations
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.04
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          0.06
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.26
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.01
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left">
          <b>Total earnings per common share - diluted</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.23
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          0.63
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: right">
          (136
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1.52
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          2.54
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: right">
          (40
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Weighted average shares outstanding</b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Basic
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          394,577
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          413,214
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          399,223
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          416,103
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Diluted
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          400,378
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          417,891
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          403,559
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          422,081
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Cash dividends per common share</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.46
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.42
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.72
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.53
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="23" valign="bottom" style="padding-left: 0.0px; text-align: left">
          * Calculation not meaningful
        </td>
      </tr>
      <tr>
        <td colspan="23" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Basis of presentation of condensed consolidated financial
          statements:</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
          December 2017 and December 2016 relate to the 13-week and 52-week
          fiscal periods ended December 30, 2017 and December 31, 2016,
          respectively.
        </td>
      </tr>
      <tr>
        <td colspan="23" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <sup>(a)</sup> Amounts have been calculated using unrounded numbers.
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt">
      <tr>
        <td>

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

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

        </td>
      </tr>
      <tr>
        <td colspan="8" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>VF CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td colspan="8" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Condensed Consolidated Balance Sheets</b>
        </td>
      </tr>
      <tr>
        <td colspan="8" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td colspan="8" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(In thousands)</b>
        </td>
      </tr>
      <tr>
        <td colspan="8">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>2016</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>ASSETS</b>
        </td>
        <td>

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

        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Cash and equivalents
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          566,075
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,227,862
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,422,101
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,148,797
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Inventories
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,705,171
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,424,571
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Other current assets
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          698,777
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          491,868
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Total current assets
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          4,392,124
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          4,293,098
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,002,700
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          895,960
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Intangible assets</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,089,781
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,533,928
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Goodwill</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,692,644
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,554,667
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Other assets</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          781,253
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1,461,634
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left">
          <b>Total assets</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          9,958,502
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          9,739,287
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Short-term borrowings
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          729,384
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          26,029
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Current portion of long-term debt
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          6,165
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          253,689
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Accounts payable
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          755,569
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          620,194
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Accrued liabilities
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1,254,082
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          885,488
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Total current liabilities
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,745,200
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,785,400
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,187,789
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,039,180
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Other liabilities</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1,305,613
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          973,786
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Total liabilities</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          6,238,602
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          4,798,366
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          3,719,900
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          4,940,921
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left">
          <b>Total liabilities and stockholders' equity</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          9,958,502
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          9,739,287
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>VF CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Condensed Consolidated Statements of Cash Flows</b>
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(In thousands)</b>
        </td>
      </tr>
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Twelve Months Ended December</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>2017 <sup>(b)</sup></b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>2016 <sup>(a) (b)</sup></b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Operating activities</b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Net income
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          614,923
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,074,106
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <p style="margin-top: 0px; margin-bottom: 0px">
            290,503
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          281,577
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Other adjustments
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          <p style="margin-top: 0px; margin-bottom: 0px">
            569,234
          </p>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          124,885
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cash provided by operating activities
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,474,660
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,480,568
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Investing activities</b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Proceeds from sale of businesses, net of cash sold
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          214,968
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          115,983
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Business acquisitions, net of cash received
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (740,541
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Capital expenditures
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (169,553
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (175,840
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Software purchases
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (65,177
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (44,226
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Other, net
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (15,948
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (8,331
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Cash used by investing activities
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (776,251
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (112,414
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Financing activities</b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Net proceeds from short-term borrowings, long-term debt and other
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          432,139
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          510,665
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Purchases of treasury stock
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (1,200,356
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (1,000,468
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Cash dividends paid
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (684,679
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (635,994
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Proceeds from issuance of Common Stock, net of shares withheld for
          taxes
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          89,893
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          48,918
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Cash used by financing activities
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (1,363,003
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (1,076,879
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Effect of foreign currency rate changes on cash, cash equivalents
          and restricted cash</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          2,965
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (6,645
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net change in cash, cash equivalents and restricted cash</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (661,629
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          284,630
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Cash, cash equivalents and restricted cash - beginning of year <sup>(c)</sup></b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1,231,026
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          946,396
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left">
          <b>Cash, cash equivalents and restricted cash - end of year <sup>(c)</sup></b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          569,397
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1,231,026
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <sup>(a)</sup> Reflects the impact of adopting the new accounting
          guidance on the presentation of restricted cash and restricted cash
          equivalents as of the beginning of the first quarter of 2017, which
          resulted in a $2.6 million reclassification of cash flows used by
          operating activities in the Condensed Consolidated Statement of Cash
          Flows for the twelve months ended December 2016.
        </td>
      </tr>
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <sup>(b)</sup> The cash flows related to discontinued operations
          have not been segregated, and are included in the Condensed
          Consolidated Statements of Cash Flows.
        </td>
      </tr>
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <sup>(c) </sup>The cash amounts presented above differ from the
          Condensed Consolidated Balance Sheets due to the adoption of the new
          accounting guidance discussed in (a) above.
        </td>
      </tr>
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="19">

        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>VF CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Quarterly Condensed Consolidated Statements of Income</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(In thousands, except per share amounts)</b>
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="19">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="19" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>2017 <sup>(a)</sup></b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>First Quarter</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Second Quarter</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Third Quarter</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Fourth Quarter</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Full Year</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net sales</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,483,896
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,252,590
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          3,374,405
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          3,624,804
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          11,735,695
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Royalty income</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          16,444
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          16,030
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          18,529
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          24,479
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          75,482
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Total revenues</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          2,500,340
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          2,268,620
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          3,392,934
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          3,649,283
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          11,811,177
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Costs and operating expenses</b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Cost of goods sold
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,243,605
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,142,476
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,689,041
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,769,819
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          5,844,941
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Selling, general and administrative expenses
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          967,082
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          968,027
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1,129,944
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1,398,093
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          4,463,146
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 30.0px; padding-bottom: 2.0px; text-align: left">
          Total costs and operating expenses
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          2,210,687
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          2,110,503
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          2,818,985
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          3,167,912
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          10,308,087
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Operating income</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          289,653
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          158,117
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          573,949
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          481,371
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,503,090
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Interest, net</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (20,188
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (20,607
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (22,537
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (22,548
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (85,880
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Other (expense) income, net</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (68
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (1,658
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (335
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1,346
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (715
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Income from continuing operations before income taxes</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          269,397
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          135,852
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          551,077
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          460,169
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,416,495
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Income taxes</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          56,121
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          28,760
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          77,257
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          533,148
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          695,286
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Income (loss) from continuing operations</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          213,276
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          107,092
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          473,820
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (72,979
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          721,209
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Income (loss) from discontinued operations, net of tax</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (4,113
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          2,797
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (87,680
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (17,290
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (106,286
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left">
          <b>Net income (loss)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          209,163
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          109,889
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          386,140
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (90,269
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          614,923
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Earnings (loss) per common share - basic <sup>(b)</sup></b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Continuing operations
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.52
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.27
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.20
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (0.18
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.81
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Discontinued operations
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.01
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          0.01
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.22
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.04
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.27
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left">
          <b>Total earnings per common share - basic</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          0.51
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          0.28
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          0.98
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.23
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1.54
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Earnings (loss) per common share - diluted <sup>(b)</sup></b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Continuing operations
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.51
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.27
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.19
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (0.18
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.79
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Discontinued operations
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.01
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          0.01
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.22
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.04
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.26
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left">
          <b>Total earnings per common share - diluted</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          0.50
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          0.27
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          0.97
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (0.23
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1.52
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Weighted average shares outstanding</b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Basic
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          411,990
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          397,065
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          393,258
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          394,577
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          399,223
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Diluted
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          415,960
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          400,512
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          397,384
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          400,378
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          403,559
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Cash dividends per common share</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.42
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.42
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.42
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.46
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.72
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Basis of presentation of unaudited quarterly Condensed
          Consolidated Statements of Income:</b> VF operates and reports using
          a 52/53 week fiscal year end ending on the Saturday closest to
          December 31 of each year. For presentation purposes herein, all
          references to First Quarter, Second Quarter, Third Quarter, Fourth
          Quarter and Full Year 2017 relate to the 13-week fiscal periods
          ended April 1, 2017, July 1, 2017, September 30, 2017, December 30,
          2017 and the 52-week fiscal period ended December 30, 2017,
          respectively.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <sup>(a)</sup> In order to assist investors in understanding the
          impact of dispositions on VF's results of operations, VF has
          presented its 2017 unaudited quarterly Condensed Consolidated
          Statements of Income to reflect discontinued operations of the
          licensing and <i>Nautica</i><sup>&#174;</sup> brand businesses.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <sup>(b)</sup> Amounts have been calculated using unrounded numbers.
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="29" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>VF CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td colspan="29" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Supplemental Financial Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="29" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Business Segment Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="29" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td colspan="29" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(In thousands)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" valign="bottom" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" rowspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td rowspan="2">

        </td>
        <td colspan="7" valign="bottom" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" rowspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="7" valign="top" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Three Months Ended December</b>
          </p>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="7" valign="top" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Twelve Months Ended December</b>
          </p>
        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2017</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2016</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>%</b><br><b>Change</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="top" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>% Change </b><br><b>Currency </b><br><b>Neutral <sup>(a)</sup></b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2017</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2016</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>%</b><br><b>Change</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="top" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>% Change </b><br><b>Currency </b><br><b>Neutral <sup>(a)</sup></b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Coalition revenues</b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Outdoor &amp; Action Sports
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,500,203
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,160,310
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          16
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          8,212,456
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          7,618,564
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          7
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Jeanswear
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          709,411
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          696,515
        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,655,361
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,737,701
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (3
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Imagewear
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          406,356
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          147,175
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          176
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          176
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          830,215
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          551,808
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          50
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          50
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Other
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          33,313
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          33,543
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: right">
          (1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: right">
          (1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          113,145
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          118,074
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: right">
          (4
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: right">
          (4
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left">
          Total coalition revenues
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          3,649,283
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          3,037,543
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: right">
          20
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: right">
          18
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          11,811,177
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          11,026,147
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: right">
          7
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: right">
          7
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Coalition profit (loss)</b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Outdoor &amp; Action Sports
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          486,303
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          391,139
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          24
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          25
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,378,294
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,243,201
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          15
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Jeanswear
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          97,950
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          103,348
        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          421,945
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          491,912
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (14
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (15
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Imagewear
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          40,903
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          30,112
        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          113,252
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          104,023
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          7
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Other
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          139
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (1,295
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: right">
          111
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: right">
          111
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (3,086
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (4,817
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: right">
          36
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: right">
          36
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Total coalition profit
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          625,295
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          523,304
        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,910,405
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,834,319
        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Impairment of goodwill</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (79,644
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (79,644
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Corporate and other expenses</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (142,578
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (160,928
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

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

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

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (408,030
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (384,413
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          6
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Interest, net</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (22,548
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (21,564
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: right">
          5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: right">
          5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (85,880
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (85,546
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: right">
          0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: right">
          0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 2.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Income from continuing operations before income taxes</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          460,169
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          261,168
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: right">
          76
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: right">
          76
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1,416,495
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1,284,716
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: right">
          14
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-bottom: 4.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="29" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <sup>(a)</sup> Refer to currency neutral definition on the following
          pages.
        </td>
      </tr>
      <tr>
        <td colspan="29">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="29" valign="bottom" style="padding-left: 0.0px; text-align: left">
          * Calculation not meaningful
        </td>
      </tr>
      <tr>
        <td colspan="11">

        </td>
        <td colspan="18">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>VF CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Supplemental Financial Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Business Segment Information &#8211; Currency Neutral Basis</b>
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(In thousands)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11" valign="top" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Three Months Ended December 2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>As Reported</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Adjust for Foreign</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

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

        </td>
        <td>

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

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Outdoor &amp; Action Sports
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,500,203
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (53,536
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,446,667
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Jeanswear
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          709,411
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (8,065
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          701,346
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Imagewear
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          406,356
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (435
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          405,921
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Other
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          33,313
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          33,313
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left">
          Total coalition revenues
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          3,649,283
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (62,036
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          3,587,247
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Coalition profit (loss)</b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Outdoor &amp; Action Sports
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          486,303
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          3,875
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          490,178
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Jeanswear
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          97,950
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (3,464
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          94,486
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Imagewear
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          40,903
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (847
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          40,056
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Other
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          139
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          139
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Total coalition profit
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          625,295
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (436
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          624,859
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Corporate and other expenses</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (142,578
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (662
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (143,240
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Interest, net</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (22,548
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (22,548
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          460,169
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (1,098
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          459,071
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left">
          <b>Diluted earnings per share growth</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (132
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )%
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (132
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <b>Currency Neutral Financial Information</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="padding-left: 0.0px">
          VF is a global company that reports financial information in U.S.
          dollars in accordance with GAAP. 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 both the impact of translating foreign currencies into U.S.
          dollars and the impact of currency rate changes on foreign currency
          denominated transactions. 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.
        </td>
      </tr>
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="padding-left: 0.0px">
          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.
        </td>
      </tr>
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="padding-left: 0.0px">
          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.
        </td>
      </tr>
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>VF CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Supplemental Financial Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Business Segment Information &#8211; Currency Neutral Basis</b>
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(In thousands)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11" valign="top" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Twelve Months Ended December 2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>As Reported</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Adjust for Foreign</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

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

        </td>
        <td>

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

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Outdoor &amp; Action Sports
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          8,212,456
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (45,711
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          8,166,745
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Jeanswear
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,655,361
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (2,423
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,652,938
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Imagewear
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          830,215
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (500
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          829,715
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Other
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          113,145
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          113,145
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left">
          Total coalition revenues
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          11,811,177
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (48,634
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          11,762,543
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Coalition profit (loss)</b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Outdoor &amp; Action Sports
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,378,294
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          56,907
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,435,201
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Jeanswear
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          421,945
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (3,886
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          418,059
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          Imagewear
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          113,252
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (1,796
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          111,456
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          Other
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (3,086
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (3,086
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Total coalition profit
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,910,405
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          51,225
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,961,630
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Corporate and other expenses</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (408,030
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          201
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (407,829
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Interest, net</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (85,880
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (85,880
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1,416,495
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          51,426
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1,467,921
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left">
          <b>Diluted earnings per share growth</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (30
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )%
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          4
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          (26
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          )%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Currency Neutral Financial Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="padding-left: 0.0px">
          VF is a global company that reports financial information in U.S.
          dollars in accordance with GAAP. 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 both the impact of translating foreign currencies into U.S.
          dollars and the impact of currency rate changes on foreign currency
          denominated transactions. 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.
        </td>
      </tr>
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="padding-left: 0.0px">
          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.
        </td>
      </tr>
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="padding-left: 0.0px">
          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.
        </td>
      </tr>
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt">
      <tr>
        <td>

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

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

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

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

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

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

        </td>
      </tr>
      <tr>
        <td colspan="25" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>VF CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td colspan="25" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Supplemental Financial Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="25" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Reconciliation of Select 2017 GAAP Measures to Non-GAAP Measures</b>
        </td>
      </tr>
      <tr>
        <td colspan="25" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td colspan="25" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(In thousands, except per share amounts)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </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">

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          <b>Three Months Ended December 2017</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>As Reported</b><br><b>under GAAP</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Transaction and</b><br><b> Deal Related Costs <sup>(a)</sup></b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Impact of</b><br><b> Tax Act<sup> (b)</sup></b>
          </p>
        </td>
        <td>

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

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Contribution from</b><br><b> Williamson-Dickie <sup>(c)</sup></b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Adjusted</b><br><b> Organic</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Revenues</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          3,649,283
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          3,649,283
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          3,402,036
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Gross profit</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,879,464
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          3,635
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,883,099
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (101,546
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,781,553
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <i><b>Percent</b></i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>51.5</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>51.6</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>41.1</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>52.4</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Operating income</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          481,371
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          15,646
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          497,017
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (18,721
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          478,296
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <i><b>Percent</b></i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>13.2</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>13.6</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>7.6</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>14.1</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Diluted earnings per share from continuing operations <sup>(e)</sup></b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (0.18
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.03
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.16
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.01
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (0.04
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.98
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          <b>Twelve Months Ended December 2017</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>As Reported</b><br><b>under GAAP</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Transaction and</b><br><b> Deal Related Costs <sup>(d)</sup></b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Impact of</b><br><b> Tax Act<sup> (b)</sup></b>
          </p>
        </td>
        <td>

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

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Contribution from</b><br><b> Williamson-Dickie <sup>(c)</sup></b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Adjusted</b><br><b> Organic</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Revenues</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          11,811,177
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          11,811,177
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          11,563,930
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Gross profit</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          5,966,236
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          3,635
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          5,969,871
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (101,546
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          5,868,325
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <i><b>Percent</b></i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>50.5</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>50.5</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>41.1</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>50.7</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Operating income</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,503,090
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          20,535
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,523,625
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (18,721
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,504,904
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <i><b>Percent</b></i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>12.7</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>12.9</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>7.6</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>13.0</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Diluted earnings per share from continuing operations <sup>(e)</sup></b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.79
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.04
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.15
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2.98
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (0.04
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2.95
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="25" valign="bottom" style="padding-left: 0.0px">
          <sup>(a) </sup>Transaction and deal related costs for the three
          months ended December 2017 include $15.5 million ($13.8 million
          after-tax) of expenses related to the Williamson-Dickie Mfg. Co.
          (&#8220;Williamson-Dickie&#8221;) acquisition and integration, $3.6 million
          ($2.9 million after-tax) of additional cost of goods sold recognized
          by Williamson-Dickie due to fair value inventory adjustments
          calculated as part of the purchase price accounting and $3.5 million
          ($3.1 million after-tax) of net benefit from the hedge of the
          purchase price and acquisition costs for the Icebreaker Holdings
          Limited acquisition. The diluted earnings per share impact was
          calculated using 400,378,000 shares.
        </td>
      </tr>
      <tr>
        <td colspan="25">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="25" valign="bottom" style="padding-left: 0.0px">
          <sup>(b)</sup> On December 22, 2017, the U.S. government enacted
          comprehensive tax legislation commonly referred to as the Tax Cuts
          and Jobs Act (&#8220;Tax Act&#8221;). The Tax Act reduces the federal tax rate
          on U.S. earnings to 21% and moves from a global taxation regime to a
          modified territorial regime. As part of the legislation, U.S.
          companies are required to pay a tax on historical earnings generated
          offshore that have not been repatriated to the U.S. Additionally,
          revaluation of deferred tax asset and liability positions at the
          lower federal base rate of 21% is also required. The transitional
          impact of the Tax Act resulted in a provisional net charge of $465.5
          million for the fourth quarter and full year 2017. The diluted
          earnings per share impact was calculated using 400,378,000 and
          403,559,000 shares for the three and twelve months ended December
          2017, respectively.
        </td>
      </tr>
      <tr>
        <td colspan="25">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="25" valign="bottom" style="padding-left: 0.0px">
          <sup>(c)</sup> The contribution from Williamson-Dickie represents
          the operating results from October 2, 2017 through December 30,
          2017, excluding transaction and deal related costs. The income from
          continuing operations was calculated using a 20% tax rate and the
          diluted earnings per share impact was calculated using 400,378,000
          and 403,559,000 shares for the three and twelve months ended
          December 2017, respectively.
        </td>
      </tr>
      <tr>
        <td colspan="25">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="25" valign="bottom" style="padding-left: 0.0px">
          <sup>(d)</sup> Transaction and deal related costs for the twelve
          months ended December 2017 include $20.4 million ($17.1 million
          after-tax) of expenses related to the Williamson-Dickie acquisition
          and integration, $3.6 million ($2.9 million after-tax) of additional
          cost of goods sold recognized by Williamson-Dickie due to fair value
          inventory adjustments calculated as part of the purchase price
          accounting and $3.5 million ($3.1 million after-tax) of net benefit
          from the hedge of the purchase price and acquisition costs for the
          Icebreaker Holdings Limited acquisition. The diluted earnings per
          share impact was calculated using 403,559,000 shares.
        </td>
      </tr>
      <tr>
        <td colspan="25">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="25" valign="bottom" style="padding-left: 0.0px">
          <sup>(e)</sup> Amounts shown in the table have been calculated using
          unrounded numbers.
        </td>
      </tr>
      <tr>
        <td colspan="25">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="25" valign="bottom" style="padding-left: 0.0px">
          <b>Non-GAAP Financial Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="25">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="25" valign="top" style="padding-left: 0.0px">
          The financial information above has been presented on a GAAP basis,
          on an adjusted basis, which excludes the impact of tax reform and
          transaction and deal related costs, and on an adjusted organic
          basis, which excludes the operating results of Williamson-Dickie
          from October 2, 2017 through December 30, 2017. These adjusted
          presentations are non-GAAP measures. Management believes these
          measures provide investors with useful supplemental information
          regarding VF's underlying business trends and the performance of
          VF's ongoing operations and are useful for period-over-period
          comparisons of such operations.
        </td>
      </tr>
      <tr>
        <td colspan="25">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="25" valign="top" style="padding-left: 0.0px">
          Management uses the above financial measures internally in its
          budgeting and review process and, in some cases, as a factor in
          determining compensation. While management believes that these
          non-GAAP financial measures are useful in evaluating the business,
          this information should be considered as supplemental in nature and
          should be viewed in addition to, and not in lieu of or superior to,
          VF's operating performance measures calculated in accordance with
          GAAP. In addition, these non-GAAP financial measures may not be the
          same as similarly titled measures presented by other companies.
        </td>
      </tr>
      <tr>
        <td colspan="25">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt">
      <tr>
        <td>

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

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

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

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

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

        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>VF CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Supplemental Financial Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Reconciliation of Select 2016 GAAP Measures to Non-GAAP Measures</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(In thousands, except per share amounts)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </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">

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          <b>Three Months Ended December 2016</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>As Reported</b><br><b>under GAAP</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Goodwill and</b><br><b> Intangible Asset</b><br><b> Impairment
            Charges</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Restructuring</b><br><b> Charges</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Pension Settlement</b><br><b> Charge</b>
          </p>
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,524,456
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          23,275
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,547,731
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <i><b>Percent</b></i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>50.2</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>51.0</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Operating income</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          282,426
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          79,644
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          55,019
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          50,922
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          468,011
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <i><b>Percent</b></i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>9.3</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>15.4</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Diluted earnings per share from continuing</b><br><b>operations <sup>(a)
            (b)</sup></b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.57
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.15
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.10
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.08
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.90
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          <b>Twelve Months Ended December 2016</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>As Reported</b><br><b>under GAAP</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Goodwill and</b><br><b> Intangible Asset</b><br><b> Impairment
            Charges</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Restructuring</b><br><b> Charges</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Pension Settlement</b><br><b> Charge</b>
          </p>
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          5,436,224
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          23,275
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          5,459,499
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <i><b>Percent</b></i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>49.3</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>49.5</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Operating income</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,368,260
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          79,644
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          55,019
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          50,922
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,553,845
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <i><b>Percent</b></i>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>12.4</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <i>14.1</i>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Diluted earnings per share from continuing</b><br><b>
            operations <sup>(a) (b)</sup></b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2.56
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.15
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.10
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.07
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2.88
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <sup>(a)</sup> Goodwill and intangible asset impairment charges,
          restructuring charges, and the pension settlement charge are
          presented net of income taxes of $15.5 million, $13.3 million and
          $19.5 million, respectively, for the three and twelve month periods
          ended December 2016. The diluted earnings per share impact was
          calculated using 417,891,000 and 422,081,000 shares for the three
          and twelve months ended December 2016, respectively.
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <sup>(b)</sup> Amounts shown in the table have been calculated using
          unrounded numbers.
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="bottom" style="padding-left: 0.0px">
          <b>Non-GAAP Financial Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="bottom" style="padding-left: 0.0px">
          The financial information above has been presented on a GAAP basis
          and on an adjusted basis which excludes the impact of impairment
          charges for goodwill and intangible assets, pension settlement
          charges and restructuring charges. These adjusted presentations are
          non-GAAP measures. Management believes these measures provide
          investors with useful supplemental information regarding VF's
          underlying business trends and the performance of VF's ongoing
          operations and are useful for period-over-period comparisons of such
          operations.
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="bottom" style="padding-left: 0.0px">
          Management uses the above financial measures internally in its
          budgeting and review process and, in some cases, as a factor in
          determining compensation. While management believes that these
          non-GAAP financial measures are useful in evaluating the business,
          this information should be considered as supplemental in nature and
          should be viewed in addition to, and not in lieu of or superior to,
          VF's operating performance measures calculated in accordance with
          GAAP. In addition, these non-GAAP financial measures may not be the
          same as similarly titled measures presented by other companies.
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt">
      <tr>
        <td>

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

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

        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>VF CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Supplemental Financial Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Reconciliation of 2017 Results to 2017 Outlook</b>
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(In thousands, except per share amounts)</b>
        </td>
      </tr>
      <tr>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          <b>Twelve Months Ended December 2017</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>As Reported</b><br><b>under GAAP</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2017 Outlook Provided</b><br><b> by the Company on</b><br><b>
            October 23, 2017 <sup>(a)</sup></b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Revenues from continuing operations</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          11,811,177
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Revenues from <i>Nautica</i><sup>&#174;</sup> discontinued
          operations <sup>(a)</sup></b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          427,771
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Total revenues</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <b>12,238,948</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <b>12,100,000</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          <b>Twelve Months Ended December 2017</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Reconciliation to</b><br><b> Adjusted Diluted</b><br><b>
            Earnings per Share</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2017 Outlook Provided</b><br><b> by the Company on</b><br><b>
            October 23, 2017 <sup>(a)</sup></b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Reported diluted earnings per share from continuing operations</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.79
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Adjustments to diluted earnings per share from continuing
          operations:</b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          <b>Transaction and deal related costs <sup>(b)</sup></b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.04
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; padding-bottom: 2.0px; text-align: left">
          <b>Impact of Tax Act <sup>(c)</sup></b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          1.15
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Adjusted diluted earnings per share from continuing operations</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2.98
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left">
          <b>Adjusted diluted earnings per share from <i>Nautica</i><sup>&#174;</sup>
          discontinued operations <sup>(d)</sup></b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: right">
          0.09
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Total adjusted diluted earnings per share</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <b>3.07</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          <b>3.01</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="bottom" style="padding-left: 0.0px">
          <sup>(a)</sup> The <i>Nautica</i><sup>&#174;</sup> brand business (&#8220;<i>Nautica</i><sup>&#174;</sup>&#8221;)
          met the discontinued operations criteria in the fourth quarter of
          2017, and accordingly, is presented as discontinued operations in
          the Company's financial statements as of and for the year ended
          December 2017. The Company's adjusted outlook provided to investors
          in the press release dated October 23, 2017 did not contemplate the
          presentation of <i>Nautica</i><sup>&#174;</sup> as discontinued
          operations. <i>Nautica</i><sup>&#174;</sup> revenues of $427.8
          million are included in the calculation of the loss from
          discontinued operations, net of tax line item presented on the
          Company's income statement for the year ended December 2017.
        </td>
      </tr>
      <tr>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="bottom" style="padding-left: 0.0px">
          <sup>(b)</sup> Transaction and deal related costs for the twelve
          months ended December 2017 include $20.4 million ($17.1 million
          after-tax) of expenses related to the Williamson-Dickie acquisition
          and integration, $3.6 million ($2.9 million after-tax) of additional
          cost of goods sold recognized by Williamson-Dickie due to fair value
          inventory adjustments calculated as part of the purchase price
          accounting and $3.5 million ($3.1 million after-tax) of net benefit
          from the hedge of the purchase price and acquisition costs for the
          Icebreaker Holdings Limited acquisition. The diluted earnings per
          share impact was calculated using 403,559,000 shares.
        </td>
      </tr>
      <tr>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="bottom" style="padding-left: 0.0px">
          <sup>(c)</sup> On December 22, 2017, the U.S. government enacted
          comprehensive tax legislation commonly referred to as the Tax Cuts
          and Jobs Act (&#8220;Tax Act&#8221;). The Tax Act reduces the federal tax rate
          on U.S. earnings to 21% and moves from a global taxation regime to a
          modified territorial regime. As part of the legislation, U.S.
          companies are required to pay a tax on historical earnings generated
          offshore that have not been repatriated to the U.S. Additionally,
          revaluation of deferred tax asset and liability positions at the
          lower federal base rate of 21% is also required. The transitional
          impact of the Tax Act resulted in a provisional net charge of $465.5
          million for the fourth quarter of 2017. The diluted earnings per
          share impact was calculated using 403,559,000 shares.
        </td>
      </tr>
      <tr>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="bottom" style="padding-left: 0.0px">
          <sup>(d)</sup> The full year 2017 results of <i>Nautica</i><sup>&#174;</sup>
          are adjusted to exclude $130.2 million of impairment charges
          recorded in the third and fourth quarters of 2017. The net loss from <i>Nautica</i><sup>&#174;</sup>
          included in the calculation of the loss from discontinued
          operations, net of tax line item presented on the Company's income
          statement for the year ended December 2017 was $95.2 million. The
          diluted earnings per share impact was calculated using 403,559,000
          shares.
        </td>
      </tr>
      <tr>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Non-GAAP Financial Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="padding-left: 0.0px">
          The financial information above has been presented on a GAAP basis
          and on an adjusted basis, which excludes the impact of U.S. tax
          reform, transaction and deal related costs and impairment charges to <i>Nautica</i><sup>&#174;</sup>
          for the year ended December 2017. These adjusted presentations are
          non-GAAP measures. Management believes these measures provide
          investors with useful supplemental information regarding VF's
          underlying business trends and the performance of VF's ongoing
          operations and are useful for period-over-period comparisons of such
          operations.
        </td>
      </tr>
      <tr>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="bottom" style="padding-left: 0.0px">
          Management uses the above financial measures internally in its
          budgeting and review process and, in some cases, as a factor in
          determining compensation. While management believes that these
          non-GAAP financial measures are useful in evaluating the business,
          this information should be considered as supplemental in nature and
          should be viewed in addition to, and not in lieu of or superior to,
          VF's operating performance measures calculated in accordance with
          GAAP. In addition, these non-GAAP financial measures may not be the
          same as similarly titled measures presented by other companies.
        </td>
      </tr>
      <tr>
        <td colspan="7">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td colspan="17" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>VF CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td colspan="17" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Supplemental Financial Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="17" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Top 5 Brand Revenue Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="17" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Three Months Ended December 2017</b>
        </td>
        <td>

        </td>
        <td colspan="7" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Twelve Months Ended December 2017</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: left">
          <b>Top 5 Brand Revenue Growth</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Americas</b>
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>EMEA</b>
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>APAC</b>
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Global</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Americas</b>
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>EMEA</b>
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>APAC</b>
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Global</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <i><b>Vans<sup>&#174;</sup></b></i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;&#160;&#160;% change
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          39%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          38%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          25%
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          19%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          19%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          23%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          19%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 20.0px; text-align: left">
          % change currency neutral*
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          38%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          31%
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          35%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          19%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          19%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          24%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          19%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <i><b>The North Face<sup>&#174;</sup></b></i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;&#160;&#160;% change
          </p>
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          38%
        </td>
        <td>

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          24%
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          4%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 20.0px; text-align: left">
          % change currency neutral*
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          32%
        </td>
        <td>

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          23%
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          3%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <i><b>Timberland<sup>&#174;</sup></b></i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;&#160;&#160;% change
          </p>
        </td>
        <td>

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

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

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

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

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          2%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 20.0px; text-align: left">
          % change currency neutral*
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          14%
        </td>
        <td>

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

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

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          1%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <i><b>Wrangler<sup>&#174;</sup></b></i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;&#160;&#160;% change
          </p>
        </td>
        <td>

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

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

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

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

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          (1)%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 20.0px; text-align: left">
          % change currency neutral*
        </td>
        <td>

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

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

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

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

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          (1)%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <i><b>Lee<sup>&#174;</sup></b></i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;&#160;&#160;% change
          </p>
        </td>
        <td>

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

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

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

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

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          (6)%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 20.0px; text-align: left">
          % change currency neutral*
        </td>
        <td>

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

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

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

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

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

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

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="17" valign="bottom" style="padding-left: 0.0px; text-align: left">
          *Refer to currency neutral definition on previous pages.
        </td>
      </tr>
      <tr>
        <td colspan="17">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt">
      <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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="5">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="5">

        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>VF CORPORATION</b>
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Supplemental Financial Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>Geographic and Channel Revenue Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="5">

        </td>
        <td>

        </td>
        <td colspan="5">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="5">

        </td>
        <td>

        </td>
        <td colspan="5">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="5" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Three Months Ended</b><br><b>December 2017</b>
        </td>
        <td>

        </td>
        <td colspan="5" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Twelve Months Ended</b><br><b>December 2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>% Change</b>
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>% Change</b><br><b> Currency</b><br><b> Neutral*</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>% Change</b><br><b> Currency Neutral</b><br><b> and Excluding</b><br><b>
            Williamson-</b><br><b>Dickie*<sup>(a)</sup></b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>% Change</b>
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>% Change</b><br><b> Currency</b><br><b> Neutral*</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>% Change</b><br><b> Currency Neutral</b><br><b> and Excluding</b><br><b>
            Williamson-</b><br><b>Dickie*<sup>(a)</sup></b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Geographic Revenue Growth</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

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

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

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

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          33%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          26%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          20%
        </td>
        <td>

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          17%
        </td>
        <td>

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

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          4%
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          China
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          23%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          19%
        </td>
        <td>

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          8%
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Americas (non-U.S.)
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          35%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          31%
        </td>
        <td>

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

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>29%</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>23%</b>
        </td>
        <td>

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

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

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="5" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Three Months Ended</b><br><b>December 2017</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="5" valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>Twelve Months Ended</b><br><b>December 2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>% Change</b><br><b> Currency</b><br><b> Neutral*</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>% Change</b><br><b> Currency Neutral</b><br><b> and Excluding</b><br><b>
            Williamson-</b><br><b>Dickie*<sup>(a)</sup></b>
          </p>
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>% Change</b><br><b> Currency</b><br><b> Neutral*</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>% Change</b><br><b> Currency Neutral</b><br><b> and Excluding</b><br><b>
            Williamson-</b><br><b>Dickie*<sup>(a)</sup></b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Channel Revenue Growth</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>19%</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>17%</b>
        </td>
        <td>

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

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>22%</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>20%</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>16%</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>17%</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>16%</b>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>2017 <sup>(b)</sup></b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; text-align: center">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>DTC Store Count</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          <b>1,518</b>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="bottom" style="padding-left: 0.0px; text-align: left">
          *Refer to currency neutral definition on previous pages.
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <sup>(a)</sup> Refer to Non-GAAP financial information on
          &quot;Reconciliation of Select GAAP Measures to Non-GAAP Measures&quot; page.
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <sup>(b)</sup> The 2017 DTC store count includes 79
          Williamson-Dickie stores.
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br><u><b>VF Corporation</b></u><br>Joe Alkire, 336-424-7711<br>VP,
      Investor Relations and<br>Financial Planning &amp; Analysis<br>or<br>Craig
      Hodges, 336-424-5636<br>Senior Director, Corporate Communications
    </p>
    <p>

    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
