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Quarterly report pursuant to Section 13 or 15(d)

REPORTABLE ߣ¹ÜÍøÕ¾GMENT INFORMATION

v3.22.4
REPORTABLE ߣ¹ÜÍøÕ¾GMENT INFORMATION
 9 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract] Ìý
REPORTABLE ߣ¹ÜÍøÕ¾GMENT INFORMATION REPORTABLE ߣ¹ÜÍøÕ¾GMENT 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:
Ìý Three Months Ended December Nine Months Ended December
(In thousands) 2022 2021 2022 2021
Segment revenues:
Outdoor $ 2,003,045Ìý $ 1,928,427Ìý $ 4,326,997Ìý $ 4,052,802Ìý
Active 1,258,682Ìý 1,410,577Ìý 3,772,737Ìý 4,104,818Ìý
Work 268,940Ìý 285,101Ìý 772,980Ìý 858,999Ìý
Other —Ìý 279Ìý 148Ìý 557Ìý
Total segment revenues $ 3,530,667Ìý $ 3,624,384Ìý $ 8,872,862Ìý $ 9,017,176Ìý
Segment profit (loss):
Outdoor $ 457,027Ìý $ 450,432Ìý $ 670,615Ìý $ 662,761Ìý
Active 146,885Ìý 254,497Ìý 541,171Ìý 809,708Ìý
Work 18,487Ìý 47,672Ìý 92,989Ìý 150,649Ìý
Other (134) (44) (516) (696)
Total segment profit 622,265Ìý 752,557Ìý 1,304,259Ìý 1,622,422Ìý
Impairment of goodwill and intangible assets
 —Ìý —Ìý (421,922) —Ìý
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 —Ìý (3,645) —Ìý (3,645)
Income from continuing operations before income taxes
 $ 455,902Ìý $ 641,314Ìý $ 259,286Ìý $ 1,352,129Ìý