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REPORTABLE SEGMENT INFORMATION | 9 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
REPORTABLE SEGMENT INFORMATION | REPORTABLE SEGMENT INFORMATION The chief operating decision maker allocates resources and assesses performance based on a global brand view which represents VF's operating segments. The operating segments have been evaluated and combined into reportable segments because they meet the similar economic characteristics and qualitative aggregation criteria set forth in the relevant accounting guidance. The Company's reportable segments have been identified as: Outdoor, Active and Work. We have included an Other category in the table below for purposes of reconciliation of revenues and profit, but it is not considered a reportable segment. Other primarily includes sourcing activities related to transition services. Financial information for VF's reportable segments is as follows:
|  | Three Months Ended December |  |  | Nine Months Ended December |  |  |
(In thousands) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  |  |  |  |
Segment revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outdoor |  | $ | 2,003,045 |  |  |  | $ | 1,928,427 |  |  |  | $ | 4,326,997 |  |  |  | $ | 4,052,802 |  |  |  |  |  |  |
Active |  | 1,258,682 |  |  |  | 1,410,577 |  |  |  | 3,772,737 |  |  |  | 4,104,818 |  |  |  |  |  |  |
Work |  | 268,940 |  |  |  | 285,101 |  |  |  | 772,980 |  |  |  | 858,999 |  |  |  |  |  |  |
Other |  | — |  |  |  | 279 |  |  |  | 148 |  |  |  | 557 |  |  |  |  |  |  |
Total segment revenues |  | $ | 3,530,667 |  |  |  | $ | 3,624,384 |  |  |  | $ | 8,872,862 |  |  |  | $ | 9,017,176 |  |  |  |  |  |  |
Segment profit (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Outdoor |  | $ | 457,027 |  |  |  | $ | 450,432 |  |  |  | $ | 670,615 |  |  |  | $ | 662,761 |  |  |  |  |  |  |
Active |  | 146,885 |  |  |  | 254,497 |  |  |  | 541,171 |  |  |  | 809,708 |  |  |  |  |  |  |
Work |  | 18,487 |  |  |  | 47,672 |  |  |  | 92,989 |  |  |  | 150,649 |  |  |  |  |  |  |
Other |  | (134) |  |  |  | (44) |  |  |  | (516) |  |  |  | (696) |  |  |  |  |  |  |
Total segment profit |  | 622,265 |  |  |  | 752,557 |  |  |  | 1,304,259 |  |  |  | 1,622,422 |  |  |  |  |  |  |
Impairment of goodwill and intangible assets |  | — |  |  |  | — |  |  |  | (421,922) |  |  |  | — |  |  |  |  |  |  |
Corporate and other expenses |  | (116,133) |  |  |  | (74,210) |  |  |  | (507,656) |  |  |  | (166,115) |  |  |  |  |  |  |
Interest expense, net |  | (50,230) |  |  |  | (33,388) |  |  |  | (115,395) |  |  |  | (100,533) |  |  |  |  |  |  |
Loss on debt extinguishment |  | — |  |  |  | (3,645) |  |  |  | — |  |  |  | (3,645) |  |  |  |  |  |  |
Income from continuing operations before income taxes |  | $ | 455,902 |  |  |  | $ | 641,314 |  |  |  | $ | 259,286 |  |  |  | $ | 1,352,129 |  |  |  |  |  |  |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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