XML 52 R40.htm IDEA: XBRL DOCUMENT
v3.8.0.1

ACQUISITIONS - Additional Information (Details) $ in Thousands, $ in Millions |  |  | 3 Months Ended | 5 Months Ended | 12 Months Ended
--- | --- | --- | --- | --- | ---
Apr. 03, 2018 USD ($) | Apr. 03, 2018 NZD ($) | Oct. 02, 2017 USD ($) | Jun. 30, 2018 USD ($) | Mar. 31, 2018 USD ($) | Apr. 03, 2018 USD ($) | Dec. 30, 2017 USD ($)
Business Acquisition [Line Items] |  |  |  |  |  |  |
Goodwill, purchase accounting adjustments |  |  |  |  | $ 9,974 |  |
Williamson-Dickie Mfg. Co. |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Business acquisition, percentage acquired |  |  | 100.00% |  |  |  |
Payments to acquire businesses |  |  | $ 800,700 |  | 798,400 |  |
Adjustment, consideration transferred |  |  |  |  | 2,300 |  |
Revenue of acquiree since acquisition date |  |  |  |  | 233,100 |  |
Earnings or loss of acquiree since acquisition date |  |  |  |  | 10,700 |  |
Goodwill, purchase accounting adjustments |  |  |  |  | 10,000 |  |
Adjustment, income taxes |  |  |  |  | 7,700 |  |
Intangible assets |  |  | 397,755 |  |  |  |
Business acquisition, transaction costs recognized during period |  |  |  |  |  |  | $ 15,000
Purchase price |  |  | 798,395 |  |  |  |
Icebreaker Holdings, Ltd |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Business acquisition, transaction costs recognized during period |  |  |  |  | 1,400 |  |
Gain on derivative |  |  |  |  | 4,300 |  |
Imagewear |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Goodwill, purchase accounting adjustments |  |  |  |  | $ 9,974 |  |
Imagewear | Williamson-Dickie Mfg. Co. |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Goodwill, expected tax deductible amount |  |  | 52,300 |  |  |  |
Trademarks | Williamson-Dickie Mfg. Co. |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Intangible assets |  |  | 316,100 |  |  |  |
Customer relationships |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Amortizable intangible assets, weighted average amortization period (in years) |  |  |  |  | 18 years |  |
Customer relationships | Williamson-Dickie Mfg. Co. |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Intangible assets |  |  | 78,600 |  |  |  |
Distribution Rights | Williamson-Dickie Mfg. Co. |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Intangible assets |  |  | $ 2,300 |  |  |  |
Amortizable intangible assets, weighted average amortization period (in years) |  |  | 4 years |  |  |  |
Trademarks |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Amortizable intangible assets, weighted average amortization period (in years) |  |  |  |  | 16 years |  |
Trademarks | Williamson-Dickie Mfg. Co. |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Intangible assets |  |  | $ 800 |  |  |  |
Amortizable intangible assets, weighted average amortization period (in years) |  |  | 3 years |  |  |  |
Minimum | Customer relationships | Williamson-Dickie Mfg. Co. |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Amortizable intangible assets, weighted average amortization period (in years) |  |  | 10 years |  |  |  |
Maximum | Customer relationships | Williamson-Dickie Mfg. Co. |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Amortizable intangible assets, weighted average amortization period (in years) |  |  | 13 years |  |  |  |
Scenario, Forecast | Altra |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Purchase price |  |  |  | $ 135,000 |  |  |
Subsequent Event | Icebreaker Holdings, Ltd |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |
Business acquisition, percentage acquired | 100.00% | 100.00% |  |  |  | 100.00% |
Payments to acquire businesses | $ 199,300 | $ 274.4 |  |  |  |  |
Business acquisition, transaction costs recognized during period | $ 3,300 |  |  |  |  |  |
Gain on derivative |  |  |  |  |  | $ 9,600 |

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of voting equity interests acquired at the acquisition date in the business combination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The amount of goodwill arising from a business combination that is expected to be deductible for tax purposes. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479 + Details
Name: | us-gaap_BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 25 -Paragraph 23 -URI http://asc.fasb.org/extlink&oid=84229725&loc=d3e1043-128460 + Details
Name: | us-gaap_BusinessCombinationAcquisitionRelatedCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6578-128477 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6613-128477 + Details
Name: | us-gaap_BusinessCombinationConsiderationTransferred1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This element represents the amount of earnings or loss of the acquiree since the acquisition date included in the consolidated income statement for the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This element represents the amount of revenue of the acquiree since the acquisition date included in the consolidated income statement for the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This element represents the amount of any measurement period adjustment (as defined) realized during the reporting period to items of consideration transferred in connection with a business combination for which the initial accounting was incomplete. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 4A -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84161108&loc=SL65897772-128472 + Details
Name: | us-gaap_BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentConsiderationTransferred
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of intangible assets, excluding goodwill, acquired at the acquisition date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of increase in the fair value of derivatives recognized in the income statement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a),(c),(d),(e) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5618551-113959 + Details
Name: | us-gaap_DerivativeGainOnDerivative
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetUsefulLife
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of increase (decrease) from adjustments after acquisition date under purchase accounting of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 25 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=84229725&loc=d3e961-128460 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 + Details
Name: | us-gaap_GoodwillPurchaseAccountingAdjustments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3213-108585 + Details
Name: | us-gaap_PaymentsToAcquireBusinessesGross
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Income Taxes + References No definition available. + Details
Name: | vfc_BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentIncomeTaxes
Namespace Prefix: | vfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=vfc_WilliamsonDickieMfg.Co.Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=vfc_IcebreakerHoldingsLtdMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=vfc_ImagewearMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_TrademarksMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_CustomerRelationshipsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_DistributionRightsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_TrademarksMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementScenarioAxis=us-gaap_ScenarioForecastMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=vfc_AltraMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |