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REPORTABLE SEGMENT INFORMATION | 9 Months Ended
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Dec. 30, 2023
Segment Reporting [Abstract] |
REPORTABLE SEGMENT INFORMATION | REPORTABLE SEGMENT INFORMATION The CODM 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) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Segment revenues: |  |  |  |  |  |  |  |  |  |  |  |
Outdoor |  | $ | 1,738,579 |  |  |  | $ | 2,003,045 |  |  |  | $ | 4,281,955 |  |  |  | $ | 4,326,997 |  |
Active |  | 999,396 |  |  |  | 1,258,682 |  |  |  | 3,147,692 |  |  |  | 3,772,737 |  |
Work |  | 222,308 |  |  |  | 268,940 |  |  |  | 651,211 |  |  |  | 772,980 |  |
Other |  | — |  |  |  | — |  |  |  | — |  |  |  | 148 |  |
Total segment revenues |  | $ | 2,960,283 |  |  |  | $ | 3,530,667 |  |  |  | $ | 8,080,858 |  |  |  | $ | 8,872,862 |  |
Segment profit (loss): |  |  |  |  |  |  |  |  |  |  |  |
Outdoor |  | $ | 304,741 |  |  |  | $ | 457,027 |  |  |  | $ | 557,830 |  |  |  | $ | 670,615 |  |
Active (a) |  | 94,020 |  |  |  | 146,885 |  |  |  | 351,772 |  |  |  | 541,171 |  |
Work |  | (1,864) |  |  |  | 18,487 |  |  |  | 13,482 |  |  |  | 92,989 |  |
Other |  | — |  |  |  | (134) |  |  |  | — |  |  |  | (516) |  |
Total segment profit |  | 396,897 |  |  |  | 622,265 |  |  |  | 923,084 |  |  |  | 1,304,259 |  |
Impairment of goodwill and intangible assets |  | (257,096) |  |  |  | — |  |  |  | (257,096) |  |  |  | (421,922) |  |
Corporate and other expenses |  | (142,004) |  |  |  | (116,133) |  |  |  | (321,333) |  |  |  | (507,656) |  |
Interest expense, net |  | (63,338) |  |  |  | (50,230) |  |  |  | (168,701) |  |  |  | (115,395) |  |
Income (loss) before income taxes |  | $ | (65,541) |  |  |  | $ | 455,902 |  |  |  | $ | 175,954 |  |  |  | $ | 259,286 |  |
(a)Includes legal settlement gains of $29.1 million in the three and nine months ended December 2023.

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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