V.F. Corporation
(NYSE:VFC)

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through four segments: Outdoor, Active, and Work. The comp...

Website: http://www.vfc.com

Founded: 1899

Full Time Employees: 48,000

Sector: Consumer Cyclical

Industry: Apparel Manufacturing

Consumer Cyclical

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Quarterly

Annual

Unit: USD	2025-12-27	2025-09-27	2025-06-28	2025-03-29	2024-12-28	2024-09-28	2024-06-29	2024-03-30	2023-12-30	2023-09-30	2023-07-01	2023-04-01	2022-12-31	2022-10-01	2022-07-02	2022-04-02	2022-01-01	2021-10-02	2021-07-03	2021-04-03	2020-12-26	2020-09-26	2020-06-27	2020-03-28	2019-12-28	2019-09-28	2019-06-29	2019-03-30	2018-12-29	2018-09-29	2018-06-30	2017-12-30	2017-09-30	2017-07-01	2017-04-01	2016-12-31	2016-10-01	2016-07-02	2016-04-02	2016-01-02	2015-10-03	2015-07-04	2015-04-04	2015-01-03	2014-09-27	2014-06-28	2014-03-29	2013-12-28	2013-09-28	2013-06-29	2013-03-30	2012-09-29	2012-06-30	2012-03-31	2011-10-01	2011-07-02	2011-04-02	2010-10-02	2010-07-03	2010-04-03	2010-01-02	2009-10-03	2009-07-04	2009-04-04	2009-01-03	2008-09-27	2008-06-28	2008-03-29	2007-12-29	2007-09-29	2007-06-30	2007-03-31	2006-12-30	2006-09-30	2006-07-01	2006-04-01	2005-10-01	2005-07-02	2005-04-02

revenues	2,875,801,000	2,802,706,000	1,760,666,000
costs and operating expenses
cost of goods sold	1,247,460,000	1,340,262,000	811,664,000	1,001,315,000	1,238,738,000	1,317,391,000	915,643,000	1,225,277,000	1,327,871,000	1,479,028,000	985,269,000	1,381,589,000	1,593,048,000	1,498,177,000	1,042,982,000	1,358,792,000	1,592,604,000	1,479,446,000	955,551,000	1,236,399,000	1,345,024,000	1,282,406,000	506,951,000	-3,125,243,000	1,500,463,000	1,597,307,000	1,036,114,000	1,595,431,000	1,896,472,000	1,950,601,000	1,384,977,000	1,619,497,000	1,751,748,000	1,187,011,000	1,286,685,000	1,690,405,000	1,800,748,000	1,268,773,000	1,472,006,000	1,763,297,000	1,883,610,000	1,300,346,000	1,446,547,000	1,823,625,000	1,818,655,000	1,239,344,000	1,406,566,000	1,704,690,000	1,728,144,000	1,143,358,000	1,355,277,000	1,678,090,000	1,155,412,000	1,388,866,000	1,504,982,000	994,591,000	1,033,856,000	1,195,379,000	842,502,000	932,203,000	1,028,946,000	1,165,843,000	833,693,000	996,640,000	1,099,210,000	1,227,577,000	942,763,000	1,014,130,000	1,105,013,000	1,163,399,000	865,727,000	945,883,000	466,075,000	1,173,149,000	911,842,000	964,558,000	1,055,064,000	841,221,000	914,424,000
selling, general and administrative expenses	1,308,571,000	1,149,824,000	1,035,611,000	1,177,101,000	1,318,397,000	1,166,654,000	1,086,551,000	1,253,827,000	1,407,548,000	1,192,284,000	1,110,059,000	1,205,820,000	1,421,586,000	1,251,320,000	1,155,251,000	1,273,480,000	1,353,338,000	1,160,303,000	1,036,122,000	1,203,419,000	1,214,518,000	1,005,970,000	816,151,000	-2,599,097,000	1,305,481,000	1,216,896,000	1,102,073,000	1,423,154,000	1,451,782,000	1,298,116,000	1,172,287,000	1,286,610,000	1,168,470,000	1,004,548,000	1,003,518,000	1,230,404,000	1,052,050,000	965,062,000	1,031,042,000	1,108,698,000	1,086,282,000	990,487,000	992,919,000	1,177,229,000	1,068,710,000	942,924,000	971,022,000	1,077,027,000	989,422,000
impairment of goodwill and intangible assets	30,716,000			38,242,000	51,000,000		145,000,000	250,470,000	257,096,000			313,087,000		421,922,000
total costs and operating expenses	2,586,747,000	2,490,086,000	1,847,275,000	2,216,658,000	2,608,135,000	2,484,045,000	2,147,194,000	2,729,574,000	2,992,515,000	2,671,312,000	2,095,328,000	2,900,496,000	3,014,634,000	3,171,419,000	2,198,233,000	2,632,272,000	2,945,942,000	2,639,749,000	1,991,673,000	2,460,179,000	2,559,542,000	2,288,376,000	1,323,102,000	-5,724,340,000	2,805,944,000	2,814,203,000	2,138,187,000	3,018,585,000	3,348,254,000	3,248,717,000	2,557,264,000	2,801,456,000	3,024,869,000	2,191,559,000	2,290,203,000	3,000,453,000	2,852,798,000	2,233,835,000	2,503,048,000
operating income	289,054,000	312,620,000	-86,609,000	-72,887,000	225,777,000	273,903,000	-239,893,000	-355,765,000	-32,232,000	362,927,000	-8,992,000	-160,883,000	516,033,000	-90,819,000	63,362,000	192,392,000	678,442,000	558,486,000	202,884,000	122,493,000	411,999,000	319,948,000	-246,809,000	-1,143,607,000	578,802,000	579,065,000	133,292,000	194,384,000	591,905,000	658,669,000	230,882,000	559,645,000	483,949,000	168,022,000	291,474,000	320,121,000	635,428,000	211,424,000	336,252,000	397,206,000	642,928,000	223,027,000	397,835,000	181,644,000	633,082,000	219,808,000	403,190,000	508,382,000	579,703,000	201,334,000	357,728,000	536,892,000	163,985,000	314,102,000	430,118,000	188,671,000	274,643,000	354,545,000	169,524,000	223,260,000	137,740,000	317,891,000	119,738,000	161,448,000	179,803,000	351,211,000	163,856,000	244,125,000	250,615,000	331,039,000	168,462,000	215,325,000	155,221,000	306,769,000	161,207,000	202,947,000	292,465,000	158,670,000	198,896,000
yoy	28.03%	14.14%	-63.90%	-79.51%	-800.47%	-24.53%	2567.85%	121.13%	-106.25%	-499.62%	-114.19%	-183.62%	-23.94%	-116.26%	-68.77%	57.06%	64.67%	74.56%	-182.20%	-110.71%	-28.82%	-44.75%	-285.16%	-688.32%	-2.21%	-12.09%	-42.27%	-65.27%	22.31%	292.01%	-20.79%	74.82%	-23.84%	-20.53%	-13.32%	-19.41%	-1.17%	-5.20%	-15.48%	118.67%	1.56%	1.46%	-1.33%	-64.27%	9.21%	9.18%	12.71%	-5.31%	253.51%	-35.90%	-16.83%	184.57%	-40.29%	-11.41%	153.72%	-15.49%	99.39%	11.53%	41.58%	38.29%	-23.39%	-9.49%	-26.92%	-33.87%	-28.26%	6.09%	-2.73%	13.38%	61.46%	7.91%	4.50%	6.10%	-46.93%	93.34%	-18.95%
qoq	-7.54%	-460.96%	18.83%	-132.28%	-17.57%	-214.18%	-32.57%	1003.76%	-108.88%	-4136.11%	-94.41%	-131.18%	-668.20%	-243.33%	-67.07%	-71.64%	21.48%	175.27%	65.63%	-70.27%	28.77%	-229.63%	-78.42%	-297.58%	-0.05%	334.43%	-31.43%	-67.16%	-10.14%	185.28%	-58.74%	15.64%	188.03%	-42.35%	-8.95%	-49.62%	200.55%	-37.12%	-15.35%	-38.22%	188.27%	-43.94%	119.02%	-71.31%	188.02%	-45.48%	-20.69%	-12.30%	187.93%	-43.72%	-33.37%	227.40%	-47.79%	-26.97%	127.97%	-31.30%	-22.54%	109.14%	-24.07%	62.09%	-56.67%	165.49%	-25.83%	-10.21%	-48.80%	114.34%	-32.88%	-2.59%	-24.29%	96.51%	-21.76%	38.72%	-49.40%	90.30%	-20.57%	-30.61%	84.32%	-20.22%
operating margin %	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	16.63%	13.90%	7.20%	11.40%	9.73%	18.38%	8.74%	11.97%	11.75%	17.94%	8.98%	14.19%	5.13%	18.16%	9.26%	14.66%	15.60%	17.75%	9.17%	13.85%	17.21%	7.75%	12.43%	15.77%	10.36%	14.18%	16.02%	10.75%	12.90%	7.27%	15.32%	8.16%	9.46%	9.50%	16.07%	9.88%	13.37%	12.96%	16.12%	11.23%	13.02%	16.72%	15.22%	10.41%	12.33%	16.22%	11.05%	12.72%
interest income	5,136,000	3,408,000	2,518,000	10,994,000	6,826,000	3,678,000	3,554,000	7,115,000	4,211,000	4,808,000	5,494,000	3,738,000	3,914,000	823,000	1,283,000	740,000	606,000	1,518,000	2,142,000	2,127,000	2,539,000	3,176,000	1,313,000	-16,068,000	5,489,000	4,983,000	7,129,000	11,855,000	4,550,000	2,845,000	3,393,000	4,423,000	4,571,000	3,583,000	3,518,000	2,701,000	2,195,000	2,209,000	1,990,000	1,653,000	1,506,000	1,895,000	2,098,000	2,209,000	1,852,000	1,519,000	1,331,000	1,577,000	1,259,000	815,000	490,000	632,000	1,188,000	1,038,000	1,371,000	1,510,000	966,000	610,000	496,000	494,000	480,000	420,000	565,000	765,000	1,419,000	1,435,000	1,565,000	1,696,000	1,816,000	2,202,000	2,848,000	2,444,000	1,845,000	1,439,000	1,292,000	1,418,000	1,402,000	2,041,000	3,016,000
interest expense	-39,747,000	-49,617,000	-43,638,000	-40,086,000	-43,342,000	-46,366,000	-59,231,000	-61,822,000	-67,549,000	-60,452,000	-55,213,000	-52,975,000	-54,144,000	-34,726,000	-32,545,000	-31,670,000	-33,994,000	-35,888,000	-34,917,000	-37,971,000	-34,315,000	-34,107,000	-29,262,000	41,125,000	-22,303,000	-20,810,000	-22,127,000	-24,036,000	-28,397,000	-28,358,000	-27,277,000	-26,971,000	-27,108,000	-24,190,000	-23,706,000	-24,281,000	-24,783,000	-23,630,000	-22,145,000	-22,218,000	-22,324,000	-23,023,000	-21,849,000	-22,195,000	-22,555,000	-21,338,000	-20,637,000	-20,985,000	-21,246,000	-21,534,000	-21,008,000	-23,841,000	-23,593,000	-23,345,000	-20,671,000	-15,962,000	-15,940,000	-20,557,000	-20,494,000	-20,499,000	-20,743,000	-21,325,000	-21,819,000	-22,015,000	-24,534,000	-24,310,000	-23,007,000	-22,199,000	-25,749,000	-19,349,000	-13,101,000	-13,923,000	-14,865,000	-15,842,000	-13,862,000	-12,690,000	-19,357,000	-18,490,000	-18,674,000
other income	108,416,000	1,870,000	1,136,000	-14,631,000	7,408,000	-660,000	-1,950,000	833,000	30,029,000	-3,510,000	-3,567,000	-5,879,000	-9,901,000	-9,280,000	-94,714,000	9,659,000	-95,000	7,549,000	9,041,000	2,400,000	6,484,000	4,644,000	-38,187,000	24,713,000	-22,152,000	-1,813,000	5,598,000	-6,516,000	-1,774,000	-34,055,000	-20,666,000	1,337,000	-332,000	-1,653,000	-67,000	305,000	-1,097,000	1,501,000	1,290,000	1,437,000	-1,280,000	670,000	828,000	-1,335,000	-1,609,000	-508,000	-2,092,000	-2,302,000	-1,250,000	-1,512,000	1,039,000	1,569,000
income from continuing operations before income taxes	362,859,000	268,281,000		-116,610,000	196,669,000	230,555,000						-215,999,000	455,902,000	-134,002,000	-62,614,000	171,121,000	641,314,000	531,665,000	179,150,000	89,049,000	386,707,000	293,661,000	-312,945,000	-1,093,837,000	539,836,000	561,425,000	123,892,000	175,687,000	566,284,000	599,101,000	186,332,000	538,434,000	461,080,000	145,762,000	271,219,000	298,846,000	611,743,000	191,504,000																											152,635,000	326,386,000	145,464,000	223,472,000	226,040,000	315,726,000		204,112,000
income tax expense	62,014,000	78,516,000		33,657,000	27,560,000	28,046,000		8,669,000	-23,089,000	754,470,000		-1,107,000	-51,966,000	-15,570,000	-6,654,000	90,678,000	123,513,000	67,612,000		18,565,000	59,048,000			6,539,000	87,089,000
income from continuing operations	300,845,000	189,765,000		-150,267,000	169,109,000	202,509,000						-214,892,000	507,868,000	-118,432,000	-55,960,000	80,443,000	517,801,000	464,053,000	153,972,000	61,743,000	327,659,000	243,246,000	-277,742,000	-1,070,022,000	452,747,000	649,001,000	97,249,000	128,804,000	463,126,000	507,121,000	159,953,000	4,901,000	386,764,000	114,865,000	214,679,000	264,333,000	503,034,000	148,294,000																											115,863,000	233,875,000	103,978,000	149,032,000	164,046,000	209,317,000	105,805,000	134,078,000
loss from discontinued operations, net of tax
net income	300,845,000	189,765,000	-116,408,000	-150,788,000	167,780,000	52,178,000	-258,886,000	-418,308,000	-42,452,000	-450,697,000	-57,425,000	-214,892,000	507,868,000	-118,432,000	-55,960,000	80,842,000	517,801,000	464,053,000	324,245,000	89,520,000	347,240,000	256,722,000	-285,613,000	-910,432,000	465,003,000	649,001,000	49,221,000	128,804,000	463,509,000	507,121,000	160,358,000	-90,269,000	386,140,000	109,889,000	209,163,000	264,333,000	498,489,000	51,015,000	260,269,000	312,209,000	459,864,000	170,811,000	288,709,000	122,101,000	470,529,000	157,682,000	297,193,000	367,667,000	433,761,000	138,274,000	270,417,000	381,318,000	155,425,000	215,227,000	301,412,000	129,567,000	201,420,000	243,254,000	111,490,000	163,459,000	64,985,000	218,061,000	74,978,000	100,434,000	115,863,000	233,875,000	103,978,000	149,032,000	164,408,000	207,207,000	81,662,000	138,344,000	108,592,000	197,707,000	99,032,000	128,185,000	181,865,000	99,987,000	122,868,000
yoy	79.31%	263.69%	-55.04%	-63.95%	-495.22%	-111.58%	350.82%	94.66%	-108.36%	280.55%	2.62%	-365.82%	-1.92%	-125.52%	-117.26%	-9.69%	49.12%	80.76%	-213.53%	-109.83%	-25.33%	-60.44%	-680.27%	-806.84%	0.32%	27.98%	-69.31%	-242.69%	20.04%	361.48%	-23.33%	-134.15%	-22.54%	115.41%	-19.64%	-15.33%	8.40%	-70.13%	-9.85%	155.70%	-2.27%	8.33%	-2.85%	-66.79%	8.48%	14.04%	9.90%	-3.58%	179.08%	-35.75%	-10.28%	194.30%	-22.84%	-11.52%	170.35%	-20.73%	209.95%	11.55%	48.70%	62.75%	-43.91%	-6.76%	-27.89%	-32.61%	-29.53%	12.87%	27.33%	7.73%	51.40%	4.81%	-17.54%	7.93%	-40.29%	97.73%	-19.40%
qoq	58.54%	-263.02%	-22.80%	-189.87%	221.55%	-120.15%	-38.11%	885.37%	-90.58%	684.84%	-73.28%	-142.31%	-528.83%	111.64%	-169.22%	-84.39%	11.58%	43.12%	262.20%	-74.22%	35.26%	-189.88%	-68.63%	-295.79%	-28.35%	1218.54%	-61.79%	-72.21%	-8.60%	216.24%	-277.64%	-123.38%	251.39%	-47.46%	-20.87%	-46.97%	877.14%	-80.40%	-16.64%	-32.11%	169.22%	-40.84%	136.45%	-74.05%	198.40%	-46.94%	-19.17%	-15.24%	213.70%	-48.87%	-29.08%	145.34%	-27.79%	-28.59%	132.63%	-35.67%	-17.20%	118.18%	-31.79%	151.53%	-70.20%	190.83%	-25.35%	-13.32%	-50.46%	124.93%	-30.23%	-9.35%	-20.66%	153.74%	-40.97%	27.40%	-45.07%	99.64%	-22.74%	-29.52%	81.89%	-18.62%
net income margin %	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-2.68%	11.09%	4.71%	8.18%	8.03%	14.42%	2.11%	9.27%	9.24%	12.83%	6.88%	10.30%	3.45%	13.49%	6.64%	10.81%	11.28%	13.28%	6.30%	10.47%	12.22%	7.35%	8.52%	11.05%	7.11%	10.40%	10.99%	7.07%	9.45%	3.43%	10.51%	5.11%	5.88%	6.12%	10.70%	6.27%	8.16%	8.50%	10.09%	5.44%	8.37%	11.70%	9.81%	6.40%	7.79%	10.09%	6.96%	7.86%
earnings per common share - basic
continuing operations	770	490	-300	-380	430	520						-550	1,310	-310	-140	220	1,330	1,180	390	160	840	620	-710	-2,690	1,140	1,630	250	330	1,170	1,280	410	20	980	290	520	640	1,220	350
discontinued operations				-10		-390													440	80	50	30	-20	400	30		-120					-240		-10	-10		-10	-230																															362,000	-2,110,000	-24,143,000	4,266,000
total earnings per common share - basic	770	490		-390	430	130						-550	1,310	-310	-140	210	1,330	1,180	830	230	890	660	-730	-2,290	1,170	1,630	120	330	1,170	1,280	410	-220	980	280	510	640	1,210	120
earnings per common share - diluted
total earnings per common share - diluted	760	480		-380	430	130						-550	1,310	-310	-140	210	1,320	1,180	820	230	880	660	-730	-2,270	1,160	1,610	120	330	1,160	1,260	400	-220	970	270	500	630	1,190	120
weighted-average shares outstanding
basic	390,915,000	390,648,000	390,024,000	389,152,000	389,218,000	389,044,000	388,741,000	388,360,000	388,383,000	388,338,000	388,160,000	387,763,000	387,739,000	387,688,000	387,563,000	390,291,000	390,430,000	391,779,000	391,351,000	389,655,000	389,872,000	389,219,000	388,695,000	395,253,000	395,940,000	397,751,000	396,727,000	395,189,000	395,294,000																													107,881,000	108,957,000	110,259,000		110,881	110,243	109,992		109,106,000	108,711,000	109,361,000		109,671,000	110,504,000	111,893,000		110,802,000	109,879,000	109,854,000	111,114,000	110,254,000	111,761,000
diluted	397,157,000	393,986,000	390,024,000	392,571,000	393,908,000	390,945,000	388,741,000	388,360,000	388,383,000	388,338,000	388,160,000	388,370,000	388,192,000	387,688,000	387,563,000	392,411,000	392,495,000	394,017,000	394,128,000	392,121,000	392,851,000	391,180,000	390,791,000	401,276,000	400,322,000	402,261,000	401,914,000	400,496,000	399,767,000																													109,190,000	110,479,000	111,629,000		112,145	111,241	111,028		111,258,000	110,985,000	111,877,000		112,424,000	113,473,000	114,820,000		113,062,000	112,539,000	112,339,000	114,099,000	113,277,000	114,926,000
loss from continuing operations before income taxes			-126,593,000
income tax benefit			-10,185,000				-38,634,000				-4,853,000								25,178,000			50,415,000	-35,203,000			-87,576,000
loss from continuing operations			-116,408,000
net loss per common share - basic
total net loss per common share - basic			-300
net loss per common share - diluted
total net loss per common share - diluted			-300
net revenues				1,840,230,000	2,833,912,000	2,757,948,000	1,907,301,000	2,373,809,000	2,960,283,000	3,034,239,000	2,086,336,000	2,739,613,000	3,530,667,000	3,080,600,000	2,261,595,000	2,824,664,000	3,624,384,000	3,198,235,000	2,194,557,000	2,582,672,000	2,971,541,000	2,608,324,000	1,076,293,000	-6,867,947,000	3,384,746,000	3,393,268,000	2,271,479,000	3,212,969,000	3,940,159,000	3,907,386,000	2,788,146,000
income from discontinued operations, net of tax				-521,000	-1,329,000	-150,331,000										399,000			170,273,000	27,777,000	19,581,000	13,476,000	-7,871,000	159,590,000	12,256,000		-48,028,000		383,000		405,000	-95,170,000	-624,000	-4,976,000	-5,516,000		-4,545,000	-97,279,000
income before income taxes							-297,520,000	43,988,500	-65,541,000	303,773,000	-62,278,000																												317,387,000	378,078,000	620,830,000	202,569,000	378,912,000	160,323,000	610,770,000	199,481,000	381,792,000	486,672,000	558,466,000	179,103,000	338,249,000	515,252,000	183,137,000	293,541,000	404,345,000	171,484,000	257,738,000	335,197,000	151,449,000	209,678,000	134,704,000	297,491,000	99,878,000	141,447,000									158,687,000	293,638,000			275,329,000	142,084,000	183,357,000
net loss per common share
basic							-670			-1,160	-150
diluted							-670			-1,160	-150
earnings per common share
basic								-355	-110																														620	740	1,080	400	680	280	1,090	370	680	-4,920	3,960	1,270	2,460	3,480	1,420	1,950	2,740	1,190	1,850	2,250	1,020	1,480																	1,630	900	1,100
diluted								-355	-110																														610	720	1,070	400	670	280	1,080	360	670	-4,840	3,890	1,240	2,410	3,420	1,400	1,910	2,690	1,170	1,820	2,220	1,000	1,460																	1,590	880	1,070
loss on debt extinguishment																	-3,645,000
income taxes																											26,643,000	46,883,000	103,158,000	91,980,000	26,379,000	533,533,000	74,316,000	30,897,000	56,540,000	34,513,000	108,709,000	43,210,000	57,118,000	65,869,000	160,966,000	31,758,000	90,203,000	38,222,000	140,241,000	41,799,000	84,599,000	119,005,000	124,705,000	40,829,000	67,832,000	133,934,000	27,712,000	78,314,000	102,933,000	41,917,000	56,318,000	91,943,000	39,959,000	46,219,000	50,872,000	79,430,000	24,900,000	41,013,000	36,772,000	92,511,000	41,486,000	74,440,000	61,994,000	106,409,000	53,887,000	70,034,000	32,363,000	95,931,000	49,521,000	64,372,000	93,464,000	42,097,000	60,489,000
cash dividends per common share																														460	460	460	420	420	420	420	370	370	370	370	320	320	320	320	262.5	262.5	262.5	-1,695	870	870	870	720	720	720	630	630	630	600	600	600	2,368.23	0.59	0.59	0.59	590	580	580	580	580	550	550	550	550	550	550	290	270	270	270
net sales																																3,365,512,000	3,481,202,000	2,333,288,000	2,555,693,000	3,290,895,000	3,457,570,000	2,418,370,000	2,809,124,000	3,380,160,000	3,583,027,000	2,484,189,000	2,803,302,000	3,544,263,000	3,486,998,000	2,373,408,000	2,750,115,000	3,258,712,000	3,266,681,000	2,194,727,000	2,582,230,000	3,119,614,000	2,115,629,000	2,527,417,000	2,727,704,000	1,821,218,000	1,937,124,000	2,213,151,000	1,576,947,000	1,730,086,000	1,893,455,000	2,075,510,000	1,466,808,000	1,707,301,000	1,892,118,000	2,185,825,000	1,658,401,000	1,825,277,000	1,933,636,000	2,053,136,000	1,500,431,000	1,653,608,000	928,414,000	2,015,213,000	1,548,055,000	1,646,405,000	1,803,064,000	1,435,831,000	1,563,643,000
yoy																																2.27%	0.68%	-3.52%	-9.02%	-2.64%	-3.50%	-2.65%	0.21%	-4.63%	2.75%	4.67%	1.93%	8.76%	6.74%	8.14%	6.50%	4.46%	54.41%	-13.16%	-5.33%	71.29%	9.21%	14.20%	72.97%	5.27%	2.31%	6.63%	7.51%	1.33%	0.07%	-5.05%	-11.55%	-6.46%	-2.15%	6.46%	10.53%	10.38%	108.27%	1.88%	-3.08%	0.44%	-48.51%	40.35%	-1.00%
qoq																																-3.32%	49.20%	-8.70%	-22.34%	-4.82%	42.97%	-13.91%	-16.89%	-5.66%	44.23%	-11.38%	-20.91%	1.64%	46.92%	-13.70%	-15.61%	-0.24%	48.84%	-15.01%	-17.23%	47.46%	-16.29%	-7.34%	49.77%	-5.98%	-12.47%	40.34%	-8.85%	-8.63%	-8.77%	41.50%	-14.09%	-9.77%	-13.44%	31.80%	-9.14%	-5.60%	-5.82%	36.84%	-9.26%	78.11%	-53.93%	30.18%	-5.97%	-8.69%	25.58%	-8.17%
royalty income																																-4,411,000	27,616,000	26,293,000	25,984,000	29,679,000	30,656,000	26,889,000	30,176,000	32,603,000	29,793,000	29,671,000	33,999,000	34,597,000	33,449,000	28,668,000	30,663,000	31,387,000	30,588,000	25,684,000	29,639,000	28,740,000	26,157,000	29,038,000	22,367,000	18,905,000	21,675,000	19,216,000	17,157,000	19,793,000	21,914,000	18,296,000	18,829,000	18,173,000	20,032,000	20,802,000	19,081,000	21,064,000	21,552,000	20,023,000	16,962,000	20,011,000	21,030,000	18,576,000	18,773,000	19,328,000
total revenues																																3,361,101,000	3,508,818,000	2,359,581,000	2,581,677,000	3,320,574,000	3,488,226,000	2,445,259,000	2,839,300,000	3,412,763,000	3,612,820,000	2,513,860,000	2,837,301,000	3,578,860,000	3,520,447,000	2,402,076,000	2,780,778,000	3,290,099,000	3,297,269,000	2,220,411,000	2,611,869,000	3,148,354,000	2,141,786,000	2,556,455,000	2,750,071,000	1,840,123,000	1,958,799,000	2,232,367,000	1,594,104,000	1,749,879,000	1,915,369,000	2,093,806,000	1,485,637,000	1,725,474,000	1,912,150,000	2,206,627,000	1,677,482,000	1,846,341,000	1,955,188,000	2,073,159,000	1,517,393,000	1,673,619,000	949,444,000	2,033,789,000	1,566,828,000	1,665,733,000
impairment of goodwill																																26,162,750	104,651,000
net (income) loss attributable to noncontrolling interests																																																						-11,000	-712,000	-199,000
net income attributable to vf corporation common stockholders																																																367,667,000	433,761,000	138,274,000
earnings per common share attributable to vf corporation common stockholders
basic								-355	-110																														620	740	1,080	400	680	280	1,090	370	680	-4,920	3,960	1,270	2,460	3,480	1,420	1,950	2,740	1,190	1,850	2,250	1,020	1,480																	1,630	900	1,100
diluted								-355	-110																														610	720	1,070	400	670	280	1,080	360	670	-4,840	3,890	1,240	2,410	3,420	1,400	1,910	2,690	1,170	1,820	2,220	1,000	1,460																	1,590	880	1,070
marketing, administrative and general expenses																																																		875,719,000	898,864,000	933,372,000	822,389,000	853,487,000	814,971,000	656,861,000	650,300,000	682,443,000	582,078,000	594,416,000	626,730,000	610,072,000	532,206,000	567,386,000	633,137,000	627,839,000	570,863,000	588,086,000	599,560,000	578,721,000	483,204,000	512,411,000	328,148,000	553,871,000	493,779,000	498,228,000	470,753,000	445,813,000	463,672,000
net income attributable to vf corporation																																																			270,417,000	381,318,000	155,297,000	215,216,000	300,700,000	129,368,000	200,703,000	242,787,000	110,835,000	163,516,000	66,885,000	217,920,000	75,527,000	100,939,000
miscellaneous																																																					41,557,000	1,746,000	-6,473,000	-2,735,000	-1,931,000	599,000	1,923,000	6,423,000	-1,620,000	505,000	1,394,000	1,249,000	-4,053,000	-1,950,000	3,050,000	-150,000	-642,000	1,834,000	1,483,000	266,000	289,000	1,272,000	-84,000	882,000	819,000	-137,000	119,000
net income attributable to noncontrolling interests																																																					-128,000
net (income) loss attributable to noncontrolling
interests																																																									-717,000
net (income) loss attributable to noncontrolling interests in subsidiaries																																																										-467,000	-655,000		1,900,000	-141,000	549,000	505,000
net income attributable to noncontrolling interests in subsidiaries																																																												57,000
earnings per share attributable to vf corporation
basic																																																													0.893	1.97	0.69	0.92
diluted																																																													0.885	1.94	0.68	0.91
earnings per common share — basic
earnings per common share — diluted
before income taxes																																																																							159,692,000
income before cumulative effect of a change in accounting policy																																																																									106,231,000	197,707,000	99,032,000	1,160
cumulative effect of a change in accounting policy
income before income taxes and cumulative effect of a change in accounting policy																																																																											148,553,000	192,557,000
income before cumulative effect of a																																																																												128,185,000
change in accounting policy
royalty income and other																																																																													-15,218,000	-9,873,000	-13,349,000
loss on sale of vf playwear
gain on sale of vf playwear

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-27	2025-09-27	2025-06-28	2025-03-29	2024-12-28	2024-09-28	2024-06-29	2024-03-30	2023-12-30	2023-09-30	2023-07-01	2023-04-01	2022-12-31	2022-10-01	2022-07-02	2022-04-02	2022-01-01	2021-10-02	2021-07-03	2021-04-03	2021-01-01	2020-12-26	2020-09-26	2020-06-27	2020-03-28	2019-12-28	2019-09-28	2019-06-29	2019-03-30	2018-12-29	2018-09-29	2018-06-30	2017-12-30	2017-09-30	2017-07-01	2017-04-01	2016-12-31	2016-10-01	2016-07-02	2016-04-02	2015-10-03	2015-07-04	2015-04-04	2015-01-02	2014-09-27	2014-06-28	2014-03-29	2014-01-03	2013-12-28	2013-09-28	2013-06-29	2013-03-30	2012-09-29	2012-06-30	2012-03-31	2011-10-01	2011-07-02	2011-04-02	2010-10-02	2010-07-03	2010-04-03	2009-10-03	2009-07-04	2009-04-04	2009-01-02	2008-09-27	2008-06-28	2008-03-29	2008-01-03	2007-12-29	2007-09-29	2007-06-30	2007-03-31	2006-12-30	2006-09-30	2006-07-01	2006-04-01	2005-10-01	2005-07-02	2005-04-02

assets
current assets
cash and cash equivalents	1,466,469,000	419,115,000	642,386,000	429,382,000
accounts receivables	1,415,884,000	1,881,598,000	1,172,223,000	1,321,663,000	1,343,286,000	1,820,197,000	1,055,571,000	1,273,965,000	1,314,139,000	1,889,804,000	1,214,223,000	1,610,295,000	1,564,957,000	1,834,598,000	1,249,713,000	1,467,842,000	1,495,859,000	1,787,331,000	1,138,811,000	1,298,020,000	1,495,859,000	1,411,565,000	1,606,479,000	934,984,000	1,308,051,000	1,641,758,000	1,976,154,000	1,306,270,000	1,708,796,000	1,774,460,000	2,196,064,000	1,428,535,000	1,422,101,000	1,851,430,000	1,155,674,000	1,253,423,000	1,197,678,000	1,785,289,000	1,165,200,000	1,293,275,000	1,870,530,000			1,319,558,000		1,178,874,000	1,310,468,000	1,276,224,000	1,360,443,000	1,663,118,000	1,060,778,000	1,208,682,000	1,612,579,000	1,033,835,000	1,206,179,000	1,547,741,000	889,201,000	892,294,000	1,098,858,000	735,022,000	787,682,000		881,014,000		776,140,000	1,313,919,000			851,282,000	970,951,000				809,594,000
inventories	1,658,700,000	1,855,895,000	2,135,478,000	1,627,025,000	1,794,517,000	2,082,918,000	2,110,598,000	1,766,366,000	2,148,219,000	2,481,051,000	2,787,021,000	2,292,790,000	2,591,915,000	2,749,894,000	2,341,395,000	1,418,673,000	1,287,210,000	1,464,714,000	1,216,818,000	1,061,839,000	1,287,210,000	1,075,983,000	1,434,843,000	1,402,858,000	1,293,912,000	1,564,970,000	1,890,716,000	1,665,132,000	1,943,030,000	1,866,075,000	2,247,908,000	1,993,825,000	1,705,171,000	1,909,563,000	1,712,972,000	1,645,484,000	1,569,325,000	1,999,996,000	1,775,893,000	1,762,568,000	2,038,126,000	1,746,418,000	1,624,234,000	1,611,994,000	1,822,162,000	1,615,245,000	1,512,459,000	1,482,804,000	1,399,062,000	1,752,284,000	1,522,809,000	1,409,443,000													958,639,000				1,151,895,000	1,138,752,000				958,262,000
other current assets	441,059,000	425,753,000	425,429,000	408,028,000	514,301,000	472,595,000	545,542,000	512,011,000	485,562,000	373,795,000	405,784,000	434,737,000	515,763,000	550,940,000	492,569,000	425,622,000	483,738,000	357,687,000	334,777,000	423,877,000	483,738,000	383,384,000	408,809,000	513,049,000	444,886,000	365,019,000	400,732,000	413,373,000	478,620,000	436,244,000	461,349,000	439,870,000	296,712,000	319,991,000	356,147,000	353,733,000	298,233,000	295,913,000	307,494,000	331,196,000	460,562,000	600,061,000	518,593,000	285,979,000	440,915,000	509,902,000	389,922,000	300,646,000	177,753,000	362,841,000	394,008,000	341,065,000	322,932,000	405,164,000	315,059,000	279,358,000	259,279,000	201,457,000	161,345,000	210,735,000	189,088,000	275,556,000	247,494,000	230,251,000	98,069,000	222,669,000	225,044,000	224,893,000	171,650,000	109,074,000	209,422,000	198,851,000	209,102,000	120,485,000	223,814,000	256,302	212,425,000	199,464,000	199,363,000	156,347,000
total current assets	4,982,112,000	5,118,868,000	4,375,516,000	3,786,098,000	5,021,480,000	6,458,858,000	4,349,131,000	4,226,947,000	4,935,926,000	5,243,562,000	5,213,557,000	5,152,709,000	5,243,982,000	5,688,243,000	4,611,706,000	4,588,080,000	4,600,646,000	4,969,870,000	4,564,138,000	4,785,870,000	4,600,646,000	7,285,219,000	6,680,206,000	6,261,137,000	5,027,016,000	4,155,698,000	4,775,207,000	3,990,855,000	4,673,457,000	4,612,091,000	5,417,954,000	4,330,147,000	4,392,124,000	5,627,427,000	3,897,650,000	4,092,150,000	4,293,098,000	4,819,023,000	4,068,016,000	3,972,874,000	4,935,817,000	4,206,490,000	4,081,526,000	4,163,136,000	4,524,213,000	3,779,912,000	3,534,521,000	4,185,854,000	3,882,982,000	4,093,904,000	3,297,707,000	3,259,627,000	3,998,800,000	3,339,809,000	3,363,333,000	3,942,392,000	3,045,908,000	2,950,028,000	2,874,373,000	2,588,128,000	2,647,586,000	2,928,733,000	2,734,877,000	2,621,259,000	2,629,356,000	3,104,387,000	2,839,066,000	2,778,483,000	2,653,010,000	2,645,129,000	2,980,622,000	2,537,147,000	2,689,095,000	2,578,010,000	2,765,467,000	2,534,114	2,352,403,000	2,534,984,000	2,418,175,000	2,353,181,000
property, plant and equipment	687,504,000	688,478,000	720,785,000	720,879,000	718,481,000	755,802,000	794,212,000	823,886,000	913,384,000	916,571,000	943,163,000	942,440,000	932,663,000	984,115,000	1,007,853,000	1,041,777,000	1,049,691,000	1,011,415,000	1,016,465,000	975,876,000	1,049,691,000	955,845,000	933,990,000	957,309,000	954,406,000	908,771,000	871,601,000	865,141,000	1,057,268,000	1,041,640,000	1,035,671,000	1,018,164,000	1,002,700,000	921,217,000	918,975,000	914,244,000	939,650,000	949,312,000	942,044,000	986,162,000	981,558,000	964,373,000	911,478,000	988,159,000	940,193,000	921,970,000	921,970,000	942,181,000	932,792,000	904,809,000	883,197,000	866,251,000	1,925,601,000	1,852,871,000	1,854,218,000	1,787,668,000	1,712,742,000	1,700,871,000	1,639,271,000	1,601,389,000	1,602,996,000	1,586,713,000	1,571,708,000	1,558,857,000	614,178,000	1,582,337,000	1,581,197,000	1,553,136,000	642,727,000	651,858,000	1,524,030,000	1,466,736,000	1,471,535,000	593,058,000	1,601,144,000	1,598,442	1,601,435,000	1,535,247,000	1,544,884,000	1,544,786,000
intangible assets	1,474,532,000	1,475,845,000	1,723,749,000	1,710,707,000	1,706,741,000	1,774,694,000	2,571,765,000	2,628,482,000	2,636,745,000	2,630,795,000	2,640,827,000	2,642,821,000	2,790,512,000	2,776,022,000	2,984,136,000	3,000,351,000	3,010,517,000	3,018,242,000	3,027,886,000	3,029,545,000	3,010,517,000	1,862,042,000	1,851,093,000	1,855,764,000	1,854,545,000	1,948,232,000	1,919,770,000	1,980,921,000	2,024,277,000	2,055,965,000	2,084,087,000	2,184,276,000	2,089,781,000	1,936,522,000	1,895,287,000	1,814,098,000	1,839,698,000	1,970,788,000	1,967,306,000	2,170,817,000	2,309,481,000	2,296,200,000	2,291,505,000	2,112,619,000	2,785,651,000	2,921,335,000	2,946,959,000	2,433,552,000	2,960,201,000	2,939,371,000	2,889,106,000	2,897,701,000	2,922,233,000	2,928,311,000	2,956,312,000	2,978,238,000	1,555,517,000	1,556,791,000	1,515,261,000	1,496,682,000	1,529,538,000	1,566,640,000	1,563,742,000	1,563,268,000	1,535,121,000	1,390,402,000	1,405,723,000	1,414,249,000	1,366,222,000	1,435,269,000	1,434,904,000	854,381,000	847,125,000	755,693,000	761,895,000	747,839	740,932,000	749,997,000	754,717,000	653,574,000
goodwill	591,746,000	620,615,000	620,829,000	603,386,000	634,360,000	651,934,000	1,360,782,000	1,460,414,000	1,723,638,000	1,961,220,000	1,973,615,000	1,978,413,000	2,142,401,000	2,102,700,000	2,359,548,000	2,393,807,000	2,409,260,000	2,415,767,000	2,427,324,000	2,425,427,000	2,409,260,000	1,194,212,000	1,173,514,000	1,162,606,000	1,156,019,000	1,539,579,000	1,529,385,000	1,544,132,000	1,754,884,000	1,756,156,000	1,762,826,000	1,816,162,000	1,692,644,000	1,642,873,000	1,736,407,000	1,715,121,000	1,736,959,000	1,798,474,000	1,796,161,000	1,804,094,000	1,800,008,000	1,796,769,000	1,795,359,000	1,788,407,000	1,989,871,000	2,018,997,000	2,022,086,000	1,824,956,000	2,021,750,000	2,014,717,000	2,001,375,000	2,000,703,000	2,003,855,000	1,996,355,000	2,018,839,000	2,077,701,000	1,194,342,000	1,187,107,000	1,370,262,000	1,335,526,000	1,363,059,000	1,472,150,000	1,456,807,000	1,437,682,000	1,367,680,000	1,323,808,000	1,336,661,000	1,332,723,000	1,313,798,000	1,278,163,000	1,265,878,000	1,048,348,000	1,032,766,000	1,030,925,000	1,133,790,000	1,108,484	1,097,797,000	1,095,146,000	1,094,562,000	1,028,235,000
operating lease right-of-use assets	1,364,407,000	1,347,097,000	1,319,142,000	1,262,319,000	1,268,425,000	1,313,030,000	1,332,950,000	1,330,361,000	1,314,306,000	1,307,643,000	1,349,725,000	1,372,182,000	1,293,041,000	1,217,172,000	1,227,462,000	1,247,056,000	1,302,545,000	1,380,106,000	1,426,706,000	1,474,434,000	1,302,545,000	1,476,503,000	1,385,121,000	1,354,308,000	1,273,514,000	1,298,631,000	1,263,903,000	1,281,106,000
other assets	1,331,328,000	1,393,221,000	1,390,476,000	1,294,147,000	1,204,735,000	1,265,320,000	1,132,523,000	1,142,873,000	1,092,475,000	1,082,561,000	1,923,011,000	1,901,923,000	1,910,698,000	1,015,890,000	1,021,048,000	1,071,137,000	1,163,663,000	1,093,687,000	1,087,832,000	1,062,877,000	1,163,663,000	970,520,000	917,342,000	887,921,000	867,751,000	963,351,000	910,489,000	739,809,000	846,899,000	818,458,000	829,887,000	843,005,000	781,253,000	746,882,000	725,409,000	710,665,000	929,882,000	905,512,000	900,581,000	898,316,000	625,058,000	641,672,000	652,996,000	587,221,000	575,948,000	573,113,000	559,616,000	593,597,000	517,718,000	499,260,000	478,182,000	466,992,000	431,368,000	425,767,000	435,754,000	415,782,000	378,408,000	383,840,000	321,623,000	307,641,000	326,409,000	308,563,000	333,452,000	297,942,000	324,322,000	504,091,000	531,771,000	458,373,000	458,111,000	436,266,000	373,854,000	378,660,000	353,897,000	348,862,000	408,104,000	409,111	414,264,000	404,481,000	399,511,000	400,333,000
total assets	10,431,629,000	10,644,124,000	10,150,497,000	9,377,536,000	10,554,222,000	12,219,638,000	11,541,363,000	11,612,963,000	12,616,474,000	13,142,352,000	14,043,898,000	13,990,488,000	14,313,297,000	13,784,142,000	13,211,753,000	13,342,208,000	13,536,322,000	13,889,087,000	13,550,351,000	13,754,029,000	13,536,322,000	13,744,341,000	12,941,266,000	12,479,045,000	11,133,251,000	10,814,262,000	11,270,355,000	10,401,964,000	10,356,785,000	10,284,310,000	11,130,425,000	10,191,754,000	9,958,502,000	10,874,921,000	9,173,728,000	9,246,278,000	9,739,287,000	10,443,109,000	9,674,108,000	9,832,263,000	10,651,922,000	9,905,504,000	9,732,864,000	9,639,542,000	10,815,876,000	10,215,327,000	9,985,152,000	9,980,140,000	10,315,443,000	10,452,061,000	9,549,567,000	9,491,274,000	10,131,732,000	9,426,069,000	9,503,317,000
liabilities and stockholders’ equity
current liabilities
short-term borrowings	10,522,000	502,145,000	392,915,000	11,916,000	12,807,000	463,200,000	263,709,000	263,938,000	452,286,000	1,023,276,000	58,520,000	11,491,000	901,668,000	1,692,745,000	827,380,000	335,462,000	106,010,000	10,173,000	8,091,000	11,061,000	106,010,000	299,748,000	13,237,000	19,256,000	1,228,812,000	56,001,000	484,321,000	67,658,000	665,055,000	677,891,000	1,570,516,000	1,316,923,000	729,384,000	1,985,287,000	921,109,000	288,677,000	26,029,000	737,660,000	1,404,493,000	1,137,205,000	1,285,388,000	1,158,516,000	1,067,961,000	449,590,000	654,839,000	581,120,000	261,105,000	21,822,000	18,810,000	468,310,000	46,350,000	182,206,000	741,008,000	681,835,000	680,500,000	1,145,845,000	42,567,000	40,052,000	49,022,000	41,970,000	48,525,000	252,175,000	355,070,000	287,873,000	45,453,000	413,469,000	396,932,000	303,181,000	53,580,000	131,545,000	461,043,000	107,586,000	317,457,000	88,467,000	302,641,000	229,145	213,049,000	181,017,000	256,090,000	37,852,000
current portion of long-term debt	588,196,000	583,943,000	586,005,000	540,579,000	750,504,000	1,750,097,000	1,749,601,000	1,000,721,000	1,000,596,000	966,000	928,736,000	924,305,000	910,616,000	832,136,000	1,058,000	501,051,000	500,915,000	1,001,037,000	1,001,030,000	1,023,000	500,915,000	1,006,000	1,127,000	1,025,000	1,018,000	4,677,000	4,986,000	5,068,000	5,263,000	5,576,000	5,885,000	6,189,000	6,165,000	253,831,000	253,783,000	253,736,000	253,689,000	3,643,000	3,566,000	3,489,000	13,197,000	13,275,000	3,384,000	13,279,000	4,374,000	4,334,000	5,142,000	3,975,000	5,167,000	2,987,000	402,949,000	402,910,000	402,838,000	2,801,000	2,789,000	2,709,000	2,693,000	2,722,000	2,751,000	202,742,000	202,690,000	203,147,000	3,213,000	3,272,000	203,179,000	3,427,000	3,412,000	3,661,000	3,322,000	3,803,000	67,403,000	97,435,000	69,683,000	68,876,000	35,670,000	36,164	34,938,000	333,665,000	301,585,000	401,563,000
accounts payable	1,014,363,000	1,061,041,000	1,166,757,000	789,570,000	1,007,814,000	1,134,637,000	1,157,755,000	817,128,000	974,844,000	992,911,000	1,282,313,000	936,319,000	906,340,000	1,022,408,000	1,022,755,000	562,992,000	559,716,000	534,365,000	534,803,000	463,208,000	559,716,000	412,324,000	450,109,000	348,932,000	407,021,000	456,993,000	550,700,000	588,417,000	694,733,000	645,678,000	732,453,000	675,581,000	755,569,000	554,107,000	502,908,000	438,300,000	664,644,000	565,745,000	502,847,000	429,694,000	580,368,000	503,753,000	457,744,000	689,594,000	674,950,000	537,192,000	467,578,000	690,842,000	638,732,000	659,135,000	555,719,000	432,918,000	535,367,000	506,742,000	537,531,000	666,845,000	456,114,000	429,541,000	482,082,000	427,955,000	296,437,000	362,010,000	382,491,000	323,536,000	373,186,000	418,712,000	477,442,000	367,901,000	435,381,000	509,879,000	413,814,000	424,229,000	301,698,000	385,700,000	395,891,000	456,095	346,821,000	356,438,000	384,757,000	319,010,000
accrued liabilities	1,604,003,000	1,541,115,000	1,293,962,000	1,355,788,000	1,455,786,000	1,486,706,000	1,237,909,000	1,375,192,000	1,569,557,000	1,527,680,000	1,546,866,000	1,673,651,000	1,827,610,000	1,798,702,000	1,612,804,000	1,915,892,000	2,057,237,000	1,838,790,000	1,527,522,000	1,609,928,000	2,057,237,000	1,664,760,000	1,505,703,000	1,254,967,000	1,260,252,000	1,444,421,000	1,364,331,000	1,286,002,000	1,296,553,000	1,233,902,000	1,188,484,000	996,863,000	1,143,330,000	1,028,170,000	753,343,000	833,825,000	841,038,000	870,148,000	723,624,000	959,079,000	904,667,000	780,286,000	749,237,000	789,250,000	932,315,000	747,678,000	807,708,000	903,602,000	905,292,000	924,228,000	639,280,000	687,366,000	756,629,000	576,661,000	683,500,000	849,165,000	512,540,000	564,531,000	613,104,000	438,853,000	509,228,000	537,725,000	429,044,000	483,523,000	470,765,000	577,647,000	457,500,000	563,382,000	519,899,000	488,089,000	606,348,000	438,075,000	484,119,000	392,815,000	511,579,000	458,650	490,249,000	602,113,000	519,005,000	502,849,000
total current liabilities	3,217,084,000	3,758,744,000	3,439,639,000	2,697,853,000	3,226,911,000	4,982,431,000	4,408,974,000	3,456,979,000	3,997,283,000	3,544,833,000	3,816,435,000	3,545,766,000	4,546,234,000	5,345,991,000	3,463,997,000	3,315,397,000	3,223,878,000	3,384,365,000	3,071,446,000	2,210,477,000	3,223,878,000	2,498,023,000	2,084,532,000	1,715,463,000	3,023,884,000	1,962,092,000	2,404,338,000	1,947,145,000	2,661,604,000	2,563,047,000	3,508,696,000	2,995,556,000	2,745,200,000	3,821,395,000	2,431,143,000	1,835,859,000	1,785,400,000	2,177,196,000	2,660,633,000	2,529,467,000	2,783,620,000	2,455,830,000	2,278,326,000	1,941,713,000	2,266,478,000	1,870,324,000	1,541,533,000	1,620,241,000	1,568,001,000	2,054,660,000	1,644,298,000	1,705,400,000	2,435,842,000	1,768,039,000	1,904,320,000	2,664,564,000	1,013,914,000	1,036,846,000	1,146,959,000	1,111,520,000	1,056,880,000	1,355,057,000	1,169,818,000	1,098,204,000	1,092,583,000	1,413,324,000	1,335,386,000	1,238,533,000	1,012,182,000	1,134,387,000	1,548,875,000	1,068,400,000	1,246,683,000	1,014,848,000	1,245,781,000	1,180,054	1,085,057,000	1,473,233,000	1,461,437,000	1,261,274,000
long-term debt	3,556,932,000	3,544,181,000	3,560,990,000	3,425,650,000	3,884,564,000	4,028,549,000	3,940,668,000	4,702,284,000	4,755,252,000	5,656,725,000	5,722,448,000	5,711,014,000	4,617,441,000	3,526,101,000	4,468,399,000	4,584,261,000	4,646,379,000	4,682,751,000	4,726,234,000	5,709,149,000	4,646,379,000	5,786,552,000	5,679,440,000	5,609,792,000	2,608,269,000	2,110,488,000	2,090,922,000	2,126,835,000	2,115,884,000	2,135,240,000	2,150,595,000	2,156,627,000	2,187,789,000	2,144,221,000	2,111,623,000	2,051,482,000	2,039,180,000	2,347,122,000	1,400,636,000	1,401,233,000	1,411,446,000	1,412,244,000	1,422,840,000	1,401,820,000	1,424,311,000	1,425,123,000	1,425,833,000	1,423,581,000	1,426,829,000	1,427,138,000	1,427,823,000	1,428,496,000	1,429,824,000	1,830,473,000	1,831,113,000	1,832,412,000	934,600,000	935,244,000	936,511,000	937,150,000	937,826,000	939,143,000	1,139,790,000	1,140,414,000	938,494,000	1,142,170,000	1,142,889,000	1,143,620,000	1,141,546,000	1,144,810,000	1,186,792,000	602,229,000	635,280,000	635,359,000	665,475,000	693,359	689,319,000	527,511,000	559,181,000	558,863,000
operating lease liabilities	1,183,051,000	1,160,858,000	1,135,094,000	1,079,182,000	1,103,594,000	1,136,605,000	1,167,415,000	1,156,858,000	1,133,749,000	1,121,658,000	1,155,852,000	1,171,941,000	1,068,744,000	1,022,451,000	1,006,274,000	1,023,759,000	1,093,013,000	1,146,944,000	1,192,792,000	1,236,461,000	1,093,013,000	1,211,655,000	1,129,840,000	1,104,500,000	1,020,651,000	1,052,854,000	1,028,363,000	1,043,664,000
other liabilities	690,119,000	702,486,000	722,491,000	687,492,000	658,923,000	665,686,000	636,401,000	638,477,000	620,997,000	609,091,000	632,400,000	651,054,000	761,246,000	803,963,000	920,590,000	888,436,000	919,652,000	1,076,546,000	1,285,849,000	1,541,778,000	919,652,000	1,109,937,000	1,102,216,000	1,136,692,000	1,123,113,000	1,121,238,000	1,099,113,000	1,132,706,000	1,280,781,000	1,285,399,000	1,291,578,000	1,308,455,000	1,305,613,000	971,885,000	986,623,000	985,880,000	973,786,000	1,046,014,000	964,402,000	1,007,617,000	1,095,659,000	1,073,635,000	1,127,433,000	911,171,000	1,262,727,000	1,266,512,000	1,262,957,000	1,305,436,000	1,243,575,000	1,341,386,000	1,293,389,000	1,268,384,000	1,339,282,000	1,303,505,000	1,316,216,000	1,162,173,000	581,394,000	594,601,000	657,914,000	624,938,000	648,879,000	754,398,000	765,809,000	739,777,000	626,295,000	567,769,000	605,890,000	608,564,000	724,248,000	590,659,000	592,524,000	565,613,000	530,260,000	536,728,000	642,075,000	611,749	571,378,000	580,722,000	565,579,000	547,578,000
total liabilities	8,647,186,000	9,166,269,000	8,858,214,000	7,890,177,000	8,873,992,000	10,813,271,000	10,153,458,000	9,954,598,000	10,507,281,000	10,932,307,000	11,327,135,000	11,079,775,000	10,993,665,000	10,698,506,000	9,859,260,000	9,811,853,000	9,882,922,000	10,290,606,000	10,276,321,000	10,697,865,000	9,882,922,000	10,606,167,000	9,996,028,000	9,566,447,000	7,775,917,000	6,246,672,000	6,622,736,000	6,250,350,000	6,058,269,000	5,983,686,000	6,950,869,000	6,460,638,000	6,238,602,000	6,937,501,000	5,529,389,000	4,873,221,000	4,798,366,000	5,570,332,000	5,025,671,000	4,938,317,000				4,254,704,000
commitments and contingencies
stockholders’ equity
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at december 2025, march 2025 or december 2024
common stock	97,770,000	97,678,000	97,639,000	97,424,000	97,385,000	97,321,000	97,295,000	97,209,000	97,205,000	97,221,000	97,209,000	97,166,000	97,165,000	97,142,000	97,123,000	97,075,000	97,221,000	98,190,000	98,155,000	97,985,000	97,221,000	97,746,000	97,491,000	97,410,000	97,203,000	98,632,000	99,716,000	99,481,000	99,206,000	98,868,000	99,290,000	98,877,000	98,955,000	98,626,000	98,327,000	101,741,000	103,503,000	103,421,000	103,838,000	104,251,000	106,563,000	106,310,000	106,241,000	106,654,000	107,912,000	107,723,000	108,292,000	108,215,000	110,078,000	109,805,000	109,710,000	109,257,000	109,937,000	109,438,000	109,296,000	110,081,000	109,598,000	109,014,000	108,144,000	107,898,000	109,981,000	110,814,000	110,350,000	110,276,000	110,285,000	109,827,000			109,848,000	109,798,000		109,717,000		112,185,000
additional paid-in capital	3,496,180,000	3,511,265,000	3,527,375,000	3,540,686,000	3,554,724,000	3,565,198,000	3,580,175,000	3,600,071,000	3,619,654,000	3,638,029,000	3,733,777,000	3,775,979,000	3,766,304,000	3,952,786,000	3,941,440,000	3,916,384,000	3,884,935,000	3,854,687,000	3,824,656,000	3,777,645,000	3,884,935,000	3,735,896,000	3,852,358,000	4,010,817,000	4,183,780,000	4,182,102,000	4,072,640,000	3,988,385,000	3,921,784,000	3,829,994,000	3,795,395,000	3,688,529,000	3,523,340,000	3,456,661,000	3,398,901,000	3,367,026,000	3,333,423,000	3,313,077,000	3,269,656,000	3,239,792,000	3,176,806,000	3,114,045,000	3,076,647,000	3,192,675,000	2,923,024,000	2,875,240,000	2,826,429,000	2,993,186,000	2,746,590,000	2,702,110,000	2,666,117,000	2,595,430,000	2,497,795,000	2,421,564,000	2,384,636,000	2,280,544,000	2,221,135,000	2,159,204,000	2,002,160,000	1,976,515,000	1,938,184,000	1,842,147,000	1,776,081,000	1,763,818,000	1,864,499,000	1,747,775,000	1,686,599,000	1,664,314,000	1,749,464,000	1,619,320,000	1,601,708,000	1,585,105,000	1,526,913,000	1,469,764,000	1,407,986,000	1,368,082	1,302,085,000	1,196,286,000	1,162,505,000	1,151,694,000
accumulated other comprehensive loss	-1,001,286,000	-1,024,041,000	-1,037,424,000	-977,740,000	-951,485,000	-1,070,580,000	-1,053,627,000	-1,064,331,000	-1,051,373,000	-1,011,705,000	-1,053,529,000																							-914,896,000	-930,597,000	-988,040,000	-1,041,463,000
accumulated deficit	-808,221,000	-1,107,047,000	-1,295,307,000	-1,173,011,000	-1,020,394,000	-1,185,572,000	-1,235,938,000
total stockholders’ equity	1,784,443,000	1,477,855,000	1,292,283,000	1,487,359,000	1,680,230,000	1,406,367,000	1,387,905,000	1,658,365,000	2,109,193,000	2,210,045,000	2,716,763,000	2,910,713,000	3,319,632,000	3,085,636,000	3,352,493,000	3,530,355,000	3,653,400,000	3,598,481,000	3,274,030,000	3,056,164,000	3,653,400,000	3,138,174,000	2,945,238,000	2,912,598,000	3,357,334,000	4,567,590,000	4,647,619,000	4,151,614,000	4,298,516,000	4,300,624,000	4,179,556,000	3,731,116,000	3,719,900,000	3,937,420,000	3,644,339,000	4,373,057,000	4,940,921,000	4,872,777,000	4,648,437,000	4,893,946,000	5,361,197,000	4,963,795,000	4,904,265,000	5,384,838,000	5,862,360,000	5,653,368,000	5,754,829,000	5,630,882,000	6,077,038,000	5,628,877,000	5,184,057,000	5,088,994,000	4,926,784,000	4,524,052,000	4,451,668,000	4,459,899,000	4,270,538,000	4,126,447,000	3,938,309,000	3,647,834,000	3,824,866,000	3,857,568,000	3,643,830,000	3,574,169,000	3,813,285,000
total liabilities and stockholders' equity	10,431,629,000	10,644,124,000	10,150,497,000	9,377,536,000	10,554,222,000	12,219,638,000	11,541,363,000	11,612,963,000	12,616,474,000	13,142,352,000	14,043,898,000	13,990,488,000	14,313,297,000	13,784,142,000	13,211,753,000	13,342,208,000	13,536,322,000	13,889,087,000	13,550,351,000	13,754,029,000	13,536,322,000	13,744,341,000	12,941,266,000	12,479,045,000	11,133,251,000	10,814,262,000	11,270,355,000	10,401,964,000	10,356,785,000	10,284,310,000	11,130,425,000	10,191,754,000	9,958,502,000
current assets held-for-sale		536,507,000																													159,852,000
current assets of discontinued operations						1,590,984,000														587,578,000		560,648,000	552,677,000	565,135,000	611,139,000								402,065,000	315,000	315,000	235,066,000			143,167,000																																14,861,000	18,271,000	276,202,000	261,926,000
current liabilities held-for-sale		70,500,000																													11,358,000
current liabilities of discontinued operations						147,791,000														125,257,000		120,185,000	114,356,000	91,283,000	126,781,000								110,752,000			21,321,000			26,103,000																											69,000	100,000	408,000		1,071,000	267,000	1,075,000	73,726,000	78,990,000
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at september 2025, march 2025 or september 2024
other assets of discontinued operations
other liabilities of discontinued operations
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at june 2025, march 2025 or june 2024
stockholders' equity
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at march 2025 or march 2024
cash and equivalents					1,369,376,000	492,164,000	637,420,000	674,605,000	988,006,000	498,912,000	806,529,000	814,887,000	571,347,000	552,811,000	528,029,000	1,275,943,000	1,333,839,000	1,360,138,000	1,274,926,000	815,750,000	1,333,839,000	3,254,236,000	1,877,398,000	2,145,111,000	1,369,028,000	583,951,000	507,605,000	606,080,000	543,011,000	535,312,000	352,781,000	467,917,000	566,075,000	1,546,128,000	672,542,000	604,444,000	1,227,862,000	737,825,000	676,262,000	585,835,000	566,599,000	659,770,000	655,483,000	945,605,000	496,500,000	475,891,000	321,672,000	971,895,000	776,403,000	315,661,000	320,112,000	300,437,000	304,603,000	330,512,000	325,649,000	337,391,000	611,478,000	672,963,000	402,863,000	540,191,000	718,634,000	379,148,000	385,202,000	276,428,000	731,549,000	225,957,000	276,009,000	259,855,000	381,844,000	321,863,000	193,855,000	177,849,000	174,155,000	343,224,000	154,196,000	161,672	154,014,000	215,549,000	249,517,000	365,864,000
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at december 2024, march 2024 or december 2023
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at september 2024, march 2024 or september 2023
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at june 2024, march 2024 or june 2023
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at march 2024 or march 2023
retained earnings								-974,584,000	-556,293,000	-513,500,000	-60,694,000	57,086,000	385,751,000	-120,127,000	188,806,000	443,475,000	608,701,000	586,438,000	317,105,000	189,534,000	608,701,000	300,495,000	-44,953,000	-298,088,000	7,309,000	1,182,228,000	1,405,988,000	931,134,000	1,179,601,000	1,258,327,000	1,147,787,000	825,788,000	1,023,745,000	1,297,029,000	1,077,708,000	1,892,330,000	2,545,458,000	2,454,299,000	2,276,398,000	2,500,188,000	2,976,603,000	2,657,066,000	2,623,769,000	3,128,731,000	3,249,659,000	2,902,617,000	3,029,597,000	3,231,753,000	3,432,090,000	3,182,932,000	2,849,101,000	2,807,442,000	2,705,905,000	2,409,436,000	2,335,520,000	2,348,152,000	2,118,343,000	2,059,492,000	2,057,965,000	1,879,305,000	2,024,856,000	2,105,758,000	2,006,729,000	1,996,972,000	2,050,109,000	1,925,132,000	1,754,433,000	1,739,214,000	1,972,874,000	1,786,216,000	1,685,982,000	1,540,694,000	1,707,305,000	1,806,875,000	1,759,888,000	1,623,467	1,626,459,000	1,569,661,000	1,475,157,000	1,461,615,000
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at december 2023, march 2023 or december 2022
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at september 2023, march 2023 or september 2022
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at june 2023, march 2023 or june 2022
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at march 2023 or march 2022
accumulated other comprehensive income												-1,019,518,000	-929,588,000	-844,165,000	-874,876,000	-926,579,000	-937,457,000	-940,834,000	-965,886,000	-1,009,000,000	-937,457,000	-995,963,000	-959,658,000	-897,541,000	-930,958,000	-895,372,000	-930,725,000	-867,386,000	-902,075,000	-886,565,000	-862,916,000	-882,078,000	-926,140,000					-998,020,000	-1,001,455,000	-950,285,000	-898,775,000	-913,626,000	-902,392,000	-1,043,222,000	-418,235,000	-232,212,000	-209,489,000	-702,272,000	-211,720,000	-365,970,000	-440,871,000	-423,135,000	-386,853,000	-416,386,000	-376,979,000	-279,966,000	-179,783,000	-202,203,000	-229,199,000	-314,793,000	-246,241,000	-201,708,000	-249,671,000	-297,760,000	-209,742,000	78,268,000	146,453,000	138,974,000	-276,294,000	61,495,000	-29,634,000	-58,336,000	-97,277,000	-123,652,000	-155,956,000	-180,782	-186,975,000	-140,607,000	-133,028,000	-110,062,000
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at december 2022, march 2022 or december 2021
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at september 2022, march 2022 or september 2021
short-term investments																			598,806,000	598,806,000		599,403,000	800,000,000	700,000,000
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at june 2022, march 2022 or june 2021
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at march 2022 or march 2021
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at december 2021, march 2021 or december 2020
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at september 2021, march 2021 or september 2020
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at june 2021, march 2021 or june 2020
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at march 2021 or march 2020
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at december 2020, march 2020 or december 2019
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at september 2020, march 2020 or september 2019
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at june 2020, march 2020 or june 2019
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at march 2020 or march 2019
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at december 2019, march 2019 or december 2018
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at september 2019, march 2019 or september 2018
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at june 2019, march 2019 or june 2018
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at march 2019, march 2018 or december 2017
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at december 2018, march 2018 or december 2017
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at september 2018, march 2018 or september 2017
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at june 2018, march 2018 or june 2017
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding in 2017 and 2016
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at september 2017, december 2016 or september 2016
total liabilities and stockholders’ equity																																		10,874,921,000	9,173,728,000	9,246,278,000	9,739,287,000	10,443,109,000	9,674,108,000	9,832,263,000	10,651,922,000	9,905,504,000	9,732,864,000	9,639,542,000	10,815,876,000	10,215,327,000	9,985,152,000	9,980,140,000	10,315,443,000	10,452,061,000	9,549,567,000	9,491,274,000	10,131,732,000	9,426,069,000	9,503,317,000
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at june 2017, december 2016 or june 2016
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at march 2017, december 2016 or march 2016
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding in 2016 and 2015
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at september 2016, december 2015 or september 2015
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at june 2016, december 2015 or june 2015
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at march 2016, december 2015 or march 2015
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at september 2015, december 2014 or september 2014
june 2015 – 22,587; december 2014 – 26,694;
june 2014 – 44,747																																										1,200,241,000
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at june 2015, december 2014 or june 2014
march 2015 – 25,698; december 2014 – 26,694;
march 2014 – 46,173																																											1,283,216,000
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at march 2015, december 2014 or march 2014
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding in 2015 and 2014
september 2014 – 39,950; december 2013 – 45,350;
september 2013 – 56,733																																													1,764,636,000
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at september 2014, december 2013 or september 2013
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at june 2014, december 2013 or june 2013
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at march 2014, december 2013 or march 2013
deferred income taxes																																																154,285,000	169,321,000																64,959,000				96,339,000	104,489,000				84,519,000
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding in 2014 and 2013
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding in 2013 and 2012
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at september 2013, december 2012 or september 2012
preferred stock, par value 1; shares authorized, 25,000,000; no shares outstanding at june 2013, december 2012 or june 2012
preferred stock, par value 1; shares authorized, 25,000,000: no shares outstanding at march 2013, december 2012 or march 2012
total equity attributable to vf corporation																																																				5,088,994,000	4,926,784,000	4,524,052,000	4,452,473,000	4,458,811,000	4,269,293,000	4,125,507,000
noncontrolling interests																																																							-805,000	1,088,000	1,245,000	940,000
september 2012 - 55,606; december 2011 - 54,010; september 2011 - 57,279
inventories:
finished products																																																					1,500,595,000	1,305,605,000	1,267,073,000	1,513,801,000	1,029,936,000	938,437,000	994,076,000	890,132,000	764,167,000	976,175,000	1,007,682,000	910,139,000		1,118,878,000	1,116,123,000	944,173,000			1,082,906,000	1,033,663,000	853,420,000		983,006,000	998,323	828,146,000	952,760,000	943,890,000	756,608,000
work in process																																																					99,035,000	103,179,000	89,753,000	89,261,000	92,146,000	79,362,000	77,920,000	82,054,000	69,515,000	71,778,000	77,177,000	75,832,000		90,878,000	86,915,000	83,627,000			91,701,000	67,639,000	68,156,000		85,512,000	91,204	88,807,000	87,820,000	91,594,000	104,775,000
materials and supplies																																																					159,056,000	161,514,000	159,620,000	174,840,000	163,868,000	165,515,000	139,311,000	129,994,000	118,500,000	123,198,000	136,308,000	132,102,000		132,086,000	140,818,000	142,794,000			121,387,000	116,419,000	105,497,000		127,636,000	133,881	131,345,000	128,742,000	141,064,000	125,578,000
less accumulated depreciation																																																					1,150,125,000	1,117,044,000	1,125,139,000	1,082,733,000	1,086,471,000	1,085,499,000	1,041,097,000	1,007,924,000	1,001,137,000	956,633,000	941,339,000	926,444,000		920,760,000	913,977,000	894,821,000			883,304,000	871,850,000	879,595,000		993,943,000	991,421	987,734,000	978,079,000	985,297,000	972,382,000
preferred stock, par value 1; shares authorized, 25,000,000: no shares outstanding in 2011 or 2012
june 2012 - 49,653; dec. 2011 - 54,010; june 2011 - 47,918
march 2012 - 52,916; dec. 2011 - 54,010; march 2011 - 47,365
march 2012 - 109,296,385; dec. 2011 - 110,556,981; march 2011 - 109,013,967
sept. 2011 - 57,279; dec. 2010 - 44,599; sept. 2010 - 60,608
sept. 2011 - 110,081,241; dec. 2010 - 107,938,105; sept. 2010 - 108,144,163
june 2011 - 47,918; dec. 2010 - 44,599;
june 2010 - 57,910
authorized, 300,000,000; shares outstanding:
june 2011 - 109,597,701; dec. 2010 - 107,938,105;
june 2010 - 107,897,386
march 2011 - 47,365; dec. 2010 - 44,599
march 2010 - 59,351
march 2011 - 109,013,967; dec. 2010 - 107,938,105
march 2010 - 109,980,912
noncontrolling interests in subsidiaries																																																											-761,000	-1,091,000	-1,914,000	557,000	341,000	863,000	-1,866,000
june 2010 - 57,910; dec. 2009 - 60,380;
june 2009 - 55,315
june 2010 - 107,897,386; dec. 2009 - 110,285,132;
june 2009 - 110,350,276
march 2010 - 59,351; dec. 2009 - 60,380;
march 2009 - 49,177
march 2010 - 109,980,912; dec. 2009 - 110,285,132;
march 2009 - 110,276,129
sept. 2009 — 61,930; dec. 2008 — 48,163, sept. 2008 — 59,403																																																														1,102,878,000
june 2009 - 55,315; dec. 2008 - 48,163, june 2008 - 59,059
june 2009 - 110,350,276; dec. 2008 - 109,847,563; june 2008 - 108,790,793
march 2009 - 49,177, dec. 2008 - 48,163, march 2008 - 62,466																																																																996,507,000
common stockholders’ equity
total common stockholders’ equity																																																																		3,861,002,000	3,696,276,000	3,651,426,000	3,555,892,000	3,576,829,000	3,367,793,000	3,177,180,000	3,248,030,000	3,265,172,000	3,123,126,000	2,921,407	2,850,846,000	2,736,227,000	2,615,729,000	2,615,077,000
june 2008 - 59,059, dec. 2007 - 59,053; june 2007 - 53,147																																																																			994,157,000
june 2008 - 108,790,793; dec. 2007 - 109,797,984; june 2007 - 109,716,898																																																																			108,791,000
march 2008 - 62,466, dec. 2007 - 59,053; march 2007 - 50,520																																																																				1,123,141,000
noncurrent assets of discontinued operations																																																																									155,965,000	159,145,000
noncurrent liabilities of discontinued operations																																																																									10,535,000	13,586,000
march 2008 - 108,923,600; dec. 2007 - 109,797,984; march 2007 - 111,088,877																																																																				108,924,000
accounts receivable, less allowances
sept. 2007 - 59,793; dec. 2006 - 46,113; sept. 2006 - 47,977																																																																							1,266,490,000
sept. 2007 - 109,736,874; dec. 2006 - 112,184,860; sept. 2006 - 111,208,173																																																																							109,737,000
june 2007 - 53,147; dec. 2006 - 46,113; june 2006 - 46,029																																																																								924,455,000
march 2007 - 50,520; dec. 2006 - 46,113;
march 2006 - 47,998																																																																									1,002,563,000
redeemable preferred stock																																																																													22,497,000	24,083,000	24,626,000	24,935,000
march 2007 - 111,088,877; dec. 2006 - 112,184,860; march 2006 - 109,276,579																																																																									111,089,000
sept. 2006 — 53,487; dec. 2005 — 55,328; sept. 2005 — 63,614																																																																											1,191,303,000
sept. 2006 — 111,208,173; dec. 2005 — 110,107,854; sept. 2005 — 110,886,655																																																																											111,208,000
june 2006 - 51,477; dec. 2005 - 55,328; june 2005 - 63,733																																																																												892,732
june 2006 - 110,640,175; dec. 2005 - 110,107,854; june 2005 - 111,094,795																																																																												110,640
march 2006 — 53,534; dec. 2005 — 55,328;
march 2005 — 62,762																																																																													937,666,000
march 2006 — 109,276,579; dec. 2005 — 110,107,854;
march 2005 — 111,830,436																																																																													109,277,000
sept. 2005 - 63,614; dec. 2004 - 60,790; sept. 2004 - 81,672																																																																														950,649,000
sept. 2005 - 110,886,655; dec. 2004 - 111,388,353; sept. 2004 - 110,488,786																																																																														110,887,000
june 2005 - 63,733; dec. 2004 - 60,790; june 2004 - 78,011																																																																															792,747,000
june 2005 - 111,094,795; dec. 2004 - 111,388,353; june 2004 - 109,998,241																																																																															111,095,000
march 2005 - 62,762; dec. 2004 - 60,790;
march 2004 - 70,760																																																																																844,009,000
march 2005 – 111,830,436; dec. 2004 – 111,388,353;
march 2004 – 109,457,885																																																																																111,830,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-12-27	2025-09-27	2025-06-28	2025-03-29	2024-12-28	2024-09-28	2024-06-29	2024-03-30	2023-12-30	2023-09-30	2023-07-01	2023-04-01	2022-12-31	2022-10-01	2022-07-02	2022-04-02	2022-01-01	2021-10-02	2021-07-03	2021-04-03	2020-12-26	2020-09-26	2020-06-27	2020-03-28	2019-12-28	2019-09-28	2019-06-29	2019-03-30	2018-12-29	2018-09-29	2018-06-30	2017-12-30	2017-09-30	2017-07-01	2017-04-01	2016-12-31	2016-10-01	2016-07-02	2016-04-02	2015-10-03	2015-07-04	2015-04-04	2015-01-02	2014-09-27	2014-06-28	2014-03-29	2013-12-28	2013-09-28	2013-06-29	2013-03-30	2012-09-29	2012-06-30	2012-03-31	2011-10-01	2011-07-02	2011-04-02	2010-10-02	2010-07-03	2010-04-03	2009-10-03	2009-07-04	2009-04-04	2008-03-29	2007-12-29	2007-09-29	2007-06-30	2007-03-31	2006-12-30	2006-04-01	2005-10-01	2005-07-02	2005-04-02

operating activities
net income	300,845,000							-418,308,000				-214,892,000	507,868,000	-118,432,000	-55,960,000	80,842,000	517,801,000	464,053,000	324,245,000	-898,230,000	347,240,000	256,722,000	-285,613,000	-483,776,000	465,003,000	649,001,000	49,221,000	128,804,000	463,509,000	507,121,000	160,358,000	-90,269,000	386,140,000	109,889,000	209,163,000	264,333,000	498,489,000	51,015,000	260,269,000	459,864,000	170,811,000	288,709,000	306,189,000	470,529,000	157,682,000	297,193,000	367,667,000	433,761,000	138,274,000	270,417,000	381,318,000	155,425,000	215,227,000	301,412,000	129,567,000	201,420,000	243,254,000	111,490,000	163,459,000	218,061,000	74,978,000	100,434,000	149,032,000	164,408,000	207,207,000	81,662,000	138,344,000	108,592,000	128,185,000	181,865,000	99,987,000	122,868,000
loss from discontinued operations, net of tax
income from continuing operations, net of tax	300,845,000			-150,267,000	169,109,000							-214,892,000	507,868,000	-118,432,000	-55,960,000	80,443,000	517,801,000	464,053,000	153,972,000	-780,920,000	327,659,000	243,246,000	-277,742,000	-569,851,000	452,747,000	649,001,000	97,249,000
adjustments to reconcile net income to cash from operating activities:
impairment of goodwill and intangible assets				38,242,000			145,000,000	250,470,000				313,087,000	0
depreciation and amortization	78,882,000	69,802,000	64,362,000		60,072,000	58,615,000	67,781,000		88,792,000	75,626,000	67,075,000	70,150,000	61,551,000	63,869,000	66,754,000	67,283,000	65,099,000	66,503,000	68,050,000	69,429,000	65,727,000	75,827,000	63,026,000	63,278,000				84,644,000	71,366,000	73,865,000	71,130,000	82,913,000	75,682,000	65,470,000	66,438,000	76,086,000	68,019,000	69,442,000	68,030,000	69,039,000	63,385,000	65,880,000
reduction in the carrying amount of right-of-use assets	92,370,000	87,435,000	85,219,000	85,148,000	87,617,000	86,711,000	92,495,000	111,424,000	92,579,000	94,695,000	95,728,000	102,354,000	94,965,000	92,543,000	93,337,000	100,544,000	100,901,000	103,757,000	104,930,000	118,006,000	103,944,000	103,863,000	101,772,000
stock-based compensation	18,737,000	17,663,000	20,684,000	20,628,000	21,971,000	15,986,000	14,662,000	15,667,000	16,461,000	19,420,000	15,784,000	12,640,000	10,240,000	15,177,000	22,297,000	25,525,000	21,550,000	22,582,000	21,701,000	4,990,000	19,996,000	16,427,000	9,686,000	-27,099,000	23,885,000	37,950,000	33,469,000	24,656,000	25,372,000	28,357,000	26,772,000	23,932,000	23,248,000	19,420,000	15,041,000	12,829,000	13,373,000	20,409,000	21,151,000	22,823,000	24,367,000	25,946,000	-4,020,000	23,860,000	26,624,000	26,956,000	16,860,000	22,379,000	24,670,000	23,209,000	26,633,000	23,594,000	22,922,000	21,270,000	19,275,000	13,702,000	16,238,000	16,579,000	14,774,000	7,159,000	8,171,000	11,668,000	15,834,000	14,731,000	13,455,000	13,154,000	21,073,000	6,815,000	18,725,000
provision for doubtful accounts	1,369,000	3,125,000	3,327,000	1,199,000	2,812,000	6,942,000	4,424,000	4,013,000	1,572,000	952,000	4,633,000	2,301,000	227,000	105,000	899,000	-3,859,000
pension expense in excess of (less than) contributions	34,618,000	1,472,000	-5,730,000	-5,739,000	248,000	1,809,000	2,219,000	-7,389,000	-540,000	510,000	-10,661,000	-4,081,000	-2,501,000	-3,498,000	89,277,000																					55,139,000	13,905,000	10,230,000	9,731,000					12,118,000	11,750,000	5,923,000	17,567,000	20,325,000	20,860,000	-86,854,000
gain on sale of business																																																			-255,000
other	7,666,000	1,735,000	8,908,000	6,478,000	8,139,000	-3,912,000	-20,220,000	18,290,000	-15,294,000	-6,282,000	10,645,000	-22,173,000	17,828,000	-13,901,000	6,813,000	279,047,000	-99,507,000	-15,054,000	-176,493,000	303,466,000	-15,935,000	-17,006,000	32,858,000	213,659,000	-24,294,000	-112,447,000	12,685,000	4,792,000	-58,192,000	11,263,000	10,525,000	-17,193,000	-15,649,000	11,526,000	19,310,000	-37,698,000	41,424,000	3,831,000	-22,789,000	22,891,000	-15,882,000	-6,405,000	-121,025,000	81,431,000	-21,695,000	26,505,000	-51,434,000	8,666,000	3,861,000	53,213,000	6,263,000	-11,910,000	21,356,000	-89,962,000	3,908,000	2,615,000	35,953,000	-8,716,000	27,410,000	83,984,000	-6,755,000	3,372,000	8,390,000	9,197,000	28,367,000	-10,719,000	-23,082,000	3,049,000	796,000	634,000	-12,135,000	3,291,000
changes in operating assets and liabilities:
accounts receivable	481,774,000	-819,953,000	200,423,000	25,917,000	427,010,000	-756,703,000	202,973,000	19,139,000	619,356,000	-708,976,000	395,110,000	-27,250,000	341,823,000	-636,029,000	174,125,000	12,118,000	288,031,000	-670,473,000	167,798,000	285,115,000	228,601,000	-648,190,000	372,754,000	179,312,000	358,874,000	-708,399,000	164,266,000	55,741,000	409,055,000	-812,326,000	-25,482,000	518,491,000	-668,845,000	127,500,000	-84,229,000	548,288,000	-626,120,000	81,781,000	43,153,000	-688,323,000	83,664,000	-48,886,000	343,151,000	-641,847,000	132,760,000	41,688,000	300,659,000	-589,542,000	142,768,000	-8,938,000	-573,573,000	144,563,000	-73,491,000	-476,349,000	4,466,000	-101,628,000	-335,277,000	28,501,000	-25,230,000	-213,130,000	128,463,000	-152,542,000	-122,798,000	303,796,000	-284,764,000	94,186,000	-162,891,000	294,927,000	-174,738,000	-162,807,000	63,782,000	-100,070,000
inventories	212,188,000	135,002,000	-450,750,000	189,258,000	227,592,000	-6,695,000	-356,053,000	360,129,000	370,571,000	271,604,000	-493,720,000	310,265,000	234,032,000	-473,357,000	-961,113,000	-143,566,000	174,773,000	-261,092,000	-150,966,000	551,600,000	382,228,000	-15,386,000	-100,129,000	-7,882,000	341,555,000	-246,297,000	-228,120,000	-76,698,000	374,950,000	-292,600,000	-140,751,000	407,424,000	-182,435,000	-48,272,000	-159,712,000	405,905,000	-227,498,000	-80,904,000	-134,713,000	-298,827,000	-123,348,000	-165,494,000	279,751,000	-234,662,000	-102,469,000	-117,718,000	352,156,000	-220,885,000	-116,248,000	-62,263,000	-181,264,000	-81,323,000	-55,174,000	-128,680,000	-98,139,000	-101,511,000	-88,052,000	-165,408,000	3,867,000	58,405,000	-87,632,000	27,282,000	-16,009,000	172,177,000	768,000	-180,609,000	-16,449,000	62,012,000	32,955,000	10,622,000	-180,429,000	-10,106,000
accounts payable	-46,532,000	-79,999,000	347,962,000	-230,544,000	-100,177,000	-17,076,000	345,494,000	-147,711,000	-30,651,000	-272,168,000	344,482,000	25,386,000	-142,377,000	23,359,000	471,065,000	5,792,000	26,808,000	2,560,000	70,197,000	-79,459,000	-42,715,000	95,787,000	-59,768,000	47,858,000	-97,573,000	-31,107,000	7,148,000	49,503,000	-88,438,000	63,487,000	87,126,000	132,770,000	46,857,000	49,100,000	-207,233,000	107,247,000	63,657,000	82,710,000	-263,167,000	78,982,000	46,451,000	-225,966,000	-31,835,000	146,901,000	69,330,000	-170,171,000	-21,173,000	99,350,000	124,035,000	-127,139,000	26,774,000	62,074,000	-188,949,000	54,042,000	20,444,000	-94,167,000	46,375,000	138,416,000	-74,409,000	-22,815,000	53,338,000	-109,748,000	-148,496,000	86,906,000	-38,381,000	119,726,000	-91,039,000	47,083,000	-105,042,000	-29,767,000	65,830,000	-52,157,000
income taxes	24,747,000	41,941,000	-51,303,000	75,538,000	5,898,000	10,344,000	-82,414,000	46,545,000	-242,869,000	72,385,000	-30,667,000	29,937,000	-984,876,000	-122,944,000	-70,727,000	-17,706,000	106,766,000	-21,784,000	134,115,000	-254,683,000	22,535,000	24,358,000	-65,128,000	-17,645,000	2,990,000	-54,949,000	7,867,000	19,997,000	51,608,000	-12,891,000	-78,688,000	537,475,000	49,914,000	-92,983,000	-34,056,000	11,688,000	21,595,000	-167,270,000	4,413,000	91,941,000	-107,439,000	-13,801,000
accrued liabilities	4,959,000	181,331,000	-110,210,000	-128,947,000	40,913,000	204,666,000	-67,785,000	-152,235,000	99,982,000	151,786,000	-66,581,000	-264,798,000	34,638,000	233,256,000	-94,746,000	-161,957,000	16,801,000	305,274,000	-71,905,000	-149,028,000	86,894,000	188,702,000	-26,917,000	-244,564,000	43,002,000	107,660,000	-233,610,000	-7,067,000	107,714,000	217,668,000	166,543,000	-94,319,000	196,376,000	-47,408,000	-22,721,000	-27,151,000	139,105,000	5,164,000	-88,214,000	139,544,000	6,969,000	-71,668,000	-96,542,000	143,741,000	-48,820,000	-12,884,000	-48,035,000	157,879,000	-57,005,000	32,772,000	117,816,000	-45,279,000	-30,459,000	78,121,000	-47,805,000	8,922,000	72,064,000	-13,722,000	58,312,000	53,179,000	-46,991,000	-2,594,000	29,201,000
operating lease right-of-use assets and liabilities	-82,413,000	-94,422,000	-86,168,000	-90,915,000	-85,992,000	-88,968,000	-87,786,000	-107,866,000	-89,063,000	-90,610,000	-102,688,000	-89,284,000	-100,508,000	-96,437,000	-93,734,000	-101,803,000	-113,353,000	-115,504,000	-113,465,000	-32,956,000	-104,374,000	-98,591,000	-51,579,000	-69,608,000	-91,027,000	-125,023,000	-102,586,000
other assets and liabilities	-10,422,000	38,095,000	-55,776,000	-6,670,000	2,933,000	9,497,000	17,926,000	-34,283,000	1,758,000	-6,442,000	-8,140,000	-12,411,000	7,575,000	58,730,000	-6,607,000	96,331,000	-125,394,000	-128,909,000	-128,107,000	407,880,000	-32,402,000	77,496,000	-13,630,000	-20,309,000	7,383,000	21,576,000	3,738,000	4,496,000	-33,806,000	5,408,000	-732,000	4,490,000	-13,987,000	-396,000	-25,049,000	8,776,000	16,224,000	-24,362,000	-49,265,000	45,034,000	-17,175,000	-41,584,000	10,324,000	-7,380,000	-2,695,000	2,350,000	-9,075,000	16,943,000	-16,111,000	9,498,000	15,933,000	4,207,000	-1,433,000	5,116,000	-21,971,000	30,960,000	9,046,000	20,196,000	-25,714,000	1,664,000	-35,271,000	6,608,000	-17,503,000
cash from operating activities - continuing operations																66,908,000				441,964,000
cash from operating activities - discontinued operations					6,695,000											0	0	0	6,090,000	73,881,000	14,481,000	36,032,000	7,266,000	60,868,000	0	1,000	13,212,000
cash from operating activities							19,830,000									66,908,000				515,845,000									1,333,712,000	-174,193,000	277,144,000	1,467,977,000											779,664,000	147,259,000	205,933,000	13,654,000	1,087,965,000	126,663,000									140,124,000			179,203,000				667,954,000				463,811,000		124,561,000
investing activities
proceeds from sale of businesses, net of cash sold																399,000	0	0	616,529,000									13,000	142,000,000	0	288,273,000	1,474,000	5,279,000			0
proceeds from sale of assets	-141,000	300,000	605,000	172,000	11,379,000	31,087,000	45,596,000
capital expenditures							-25,187,000									-31,229,000				15,562,000									-55,054,000	-71,277,000	-68,919,000	-45,160,000											-82,895,000	-75,762,000	-46,535,000	-49,309,000	-67,684,000	-48,015,000									-28,283,000			-21,203,000				-34,778,000				-47,643,000		-25,142,000
free cash flows							-5,357,000									35,679,000				531,407,000									1,278,658,000	-245,470,000	208,225,000	1,422,817,000											696,769,000	71,497,000	159,398,000	-35,655,000	1,020,281,000	78,648,000									111,841,000			158,000,000				633,176,000				416,168,000		99,419,000
software purchases	-11,334,000	-8,683,000	-17,148,000	-10,547,000	-3,475,000	-9,621,000	-16,106,000	-12,312,000	-10,258,000	-19,770,000	-22,827,000	-19,866,000	-27,602,000	-20,951,000	-26,907,000	-19,113,000	-21,639,000	-21,113,000	-21,006,000	-11,784,000	-13,619,000	-24,868,000	-13,477,000	-8,314,000	-11,757,000	-11,064,000	-14,512,000	-13,659,000	-9,800,000	-11,202,000	-21,546,000	-11,726,000	-19,720,000	-13,074,000	-20,657,000	-12,383,000	-14,482,000	-11,026,000	-6,335,000	-9,603,000	-6,742,000	-36,708,000	3,532,000	-10,773,000	-11,388,000	-44,654,000	-12,066,000	-13,208,000	-18,168,000	-10,547,000	-4,717,000	5,578,000	-13,370,000	-6,615,000	-965,000	-7,256,000	-2,888,000	-2,236,000	-701,000	-2,640,000	-4,869,000	-1,840,000	-1,440,000	-4,482,000	-1,108,000	-267,000	-510,000	-330,000	-5,405,000	-3,524,000	-3,520,000	-5,964,000
cash from investing activities - continuing operations
cash used by investing activities - discontinued operations				0	0											0	0	0	-525,000	-3,108,000	-478,000	-779,000	-1,914,000	-14,413,000	0	0	-2,327,000
cash from investing activities
financing activities
net decrease in short-term borrowings																		2,084,000	-2,973,000		286,501,000	-6,019,000	-1,209,556,000				-585,477,000
payments on long-term debt	-97,000	-284,000	-282,000	-750,280,000	-1,000,278,000	-276,000	-275,000	-273,000	-270,000	-907,388,000	-268,000	-265,000	-264,000	-261,000	-500,261,000	-257,000	-503,435,000	-255,000	-253,000	502,279,000	-384,000	-546,000	-222,000	-644,558,000	-1,628,000	-1,389,000	-1,479,000	-1,589,000	-1,568,000	-1,550,000	-1,557,000	-251,565,000	-928,000	-917,000	-904,000	-891,000	-849,000	-841,000	-10,695,000	-960,000	-789,000	-1,414,000	-426,000	-852,000	-1,598,000	-1,099,000	-2,731,000	-400,724,000	-710,000	-707,000	-681,000	-700,000	-698,000	-672,000	-710,000	-550,000	-200,665,000	-658,000	-1,061,000	-744,000	-728,000	-1,110,000	-1,315,000	-110,700,000	-49,440,000	-7,357,000	-1,174,000	31,457,000	-488,000	-446,000	-100,212,000	-531,000
payment of debt issuance costs	0	-11,061,000	-1,540,000					0	0	-230,000	-346,000	-5,977,000	-12,000			-81,000				-19,023,000	-8,000	-159,000	-21,271,000					0								-35,000	-6,445,000			0
cash dividends paid	-35,196,000	-35,162,000	-35,150,000	-35,071,000	-35,046,000	-35,033,000	-35,015,000	-34,985,000	-34,983,000	-116,597,000	-116,575,000	-116,511,000	-198,051,000	-194,149,000	-194,135,000	-194,011,000	-194,767,000	-192,296,000	-192,131,000	-177,590,000	-191,266,000	-186,892,000	-186,746,000	-186,365,000	-188,694,000	-171,066,000	-202,538,000	-201,885,000	-201,325,000	-182,334,000	-181,517,000	-181,686,000	-165,387,000	-164,893,000	-172,713,000	-173,588,000	-152,823,000	-153,999,000	-155,584,000	-136,165,000	-135,607,000	-135,912,000	-224,585,000	-113,065,000	-112,849,000	-114,776,000	-115,346,000	-95,330,000	-95,197,000	-96,263,000	-78,939,000	-78,657,000	-79,924,000	-69,095,000	-68,707,000	-68,475,000	-64,659,000	-65,116,000	-66,224,000	-65,533,000	-65,051,000	-64,966,000	-63,528,000	-63,803,000	-60,472,000	-60,829,000	-61,530,000	-61,754,000	-32,252,000	-30,448,000	-30,508,000	-30,801,000
proceeds from issuance of common stock, net of payments for tax withholdings	-548,000	-75,000	-4,519,000	-102,000	61,000	-765,000	-1,924,000									3,725,000				21,509,000
cash used by financing activities							-37,444,000				-71,885,000				-261,221,000																-343,957,000			-283,835,000	-346,475,000								-406,525,000	-24,755,000	14,245,000	-366,260,000		-65,982,000							-25,162,000	-13,631,000													-10,054,000
effect of foreign currency rate changes on cash, cash equivalents and restricted cash	13,577,000	-7,654,000	72,377,000	35,549,000	-42,635,000	22,644,000	-8,340,000	-17,085,000	16,206,000	-11,864,000	-9,326,000	1,690,000	3,376,000	-26,900,000	-58,988,000	-63,960,000	1,619,000	-20,961,000	10,003,000	-21,264,000	20,595,000	-12,208,000	4,126,000	-22,549,000	458,000	-10,463,000	5,078,000	15,492,000	16,589,000	2,728,000	-19,998,000	16,879,000	-5,559,000	-10,583,000	2,228,000
net change in cash, cash equivalents and restricted cash	1,044,054,000	-212,830,000	216,859,000	-939,834,000	856,679,000	-125,312,000	-37,015,000	-312,364,000	489,086,000	-307,885,000	-8,198,000	243,334,000	18,687,000	25,263,000	-748,048,000	-57,911,000	-26,624,000	85,020,000	425,392,000	-1,043,906,000	1,368,455,000	-283,638,000	778,444,000	814,115,000	76,982,000	-98,481,000	62,120,000	17,688,000	179,460,000	-113,710,000	-216,041,000	-980,871,000	873,328,000	68,660,000	-622,746,000
cash, cash equivalents and restricted cash – beginning of year	0	0	431,475,000		0	0	676,957,000		0	0	816,319,000		0	0	1,277,082,000		0	0	851,205,000		0	0	1,411,322,000		0	0	556,587,000		0	0	689,190,000		0	0	1,231,026,000
cash, cash equivalents and restricted cash – end of period	1,044,054,000	-212,830,000	648,334,000		856,679,000	-125,312,000	639,942,000		489,086,000	-307,885,000	808,121,000		18,687,000	25,263,000	529,034,000		-26,624,000	85,020,000	1,276,597,000		1,368,455,000	-283,638,000	2,189,766,000		76,982,000	-98,481,000	618,707,000		179,460,000	-113,710,000	473,149,000		873,328,000	68,660,000	608,280,000
adjustments to reconcile net income to cash used by operating activities:
cash used by operating activities - continuing operations		-227,008,000	-145,460,000																				-10,454,000
cash used by operating activities																							-3,188,000												-210,162,000				-145,586,000														-112,137,000									-35,363,000	-50,955,000				-19,925,000		-107,027,000
cash used by investing activities - continuing operations		-41,052,000	-49,013,000																		141,159,000			-113,678,000	-96,544,000
cash used by investing activities		-41,052,000	-49,013,000			-9,773,000	-11,061,000		-42,263,000	-59,169,000	-90,562,000										140,681,000	-172,223,000	-785,155,000	-128,091,000	-96,544,000	-76,781,000	-631,000	-72,086,000							-68,337,000	-61,610,000	50,496,000	-58,042,000	-43,258,000	-78,861,000	-99,204,000	-59,119,000	-67,789,000	-91,446,000	-64,454,000	-99,133,000	-94,985,000	-66,812,000	-73,477,000	-114,999,000	-84,792,000	-22,485,000	-32,169,000	-2,250,004,000	-33,638,000	-96,310,000	-34,056,000	-41,012,000	-49,637,000	-23,666,000	-21,024,000	-225,449,000	-20,368,000	-31,404,000			-179,817,000	-83,527,000	-25,229,000	-23,793,000	-197,570,000	-54,600,000
net increase in short-term borrowings		109,466,000	380,446,000	-892,000	-450,393,000	199,492,000	-230,000	-188,348,000	-574,401,000	970,866,000	47,029,000	-890,178,000	-791,078,000	865,367,000	491,917,000	229,446,000				-1,312,722,000								-11,630,000	-892,766,000	254,602,000	-214,383,000	-1,272,882,000	1,064,627,000	632,552,000	262,156,000	-708,828,000	-666,665,000	268,439,000	685,985,000	129,043,000	91,443,000	1,047,660,000	-205,524,000	75,471,000	319,729,000	242,586,000	-448,824,000	423,073,000	-134,971,000	169,754,000	59,007,000	2,571,000	397,595,000	1,121,553,000	2,825,000	3,427,000
cash from financing activities																						-185,203,000	1,562,661,000																																						916,000	160,658,000	2,188,000
net loss			-116,408,000		167,780,000	52,178,000	-258,886,000			-450,697,000	-57,425,000
loss from continuing operations, net of tax			-116,408,000
adjustments to reconcile net loss to cash provided (used) by operating activities:
cash provided (used) by operating activities			-145,460,000					-91,166,000			163,575,000	177,677,000			-358,320,000			-252,145,000	81,008,000																		31,594,000													11,674,000	29,476,000			13,488,000	-9,456,000	-32,865,000			184,154,000													-20,143,000
cash provided (used) by financing activities			338,955,000					-223,849,000	-609,865,000			45,187,000	9,955,000			-11,183,000	-897,811,000	-185,406,000	-174,447,000	2,310,542,000						288,061,000	123,853,000													27,947,000	-35,235,000	205,094,000								-191,962,000			126,024,000					-246,887,000	-128,386,000								30,417,000			-137,069,000	38,804,000	-40,783,000
income from discontinued operations, net of tax				-521,000	-1,329,000											399,000	0	0	170,273,000	-117,310,000	19,581,000	13,476,000	-7,871,000	86,075,000	12,256,000	0	-48,028,000
adjustments to reconcile net income to cash provided (used) by operating activities:
depreciation, amortization and other asset write-downs
deferred income taxes				-73,530,000	-7,777,000			-136,762,000	-2,290,000
write-off of income tax receivables and interest								0	0
cash provided (used) by operating activities - continuing operations												177,677,000			-358,320,000			-252,145,000	74,918,000
cash provided (used) by operating activities - discontinued operations
cash provided (used) by investing activities - continuing operations				-17,982,000								18,780,000	-75,129,000	-62,185,000	-69,519,000	-49,676,000	-98,949,000	543,532,000	509,353,000				-783,241,000				1,696,000
cash provided (used) by investing activities				-17,982,000								18,780,000	-75,129,000	-62,185,000	-69,519,000	-49,676,000	-98,949,000	543,532,000	508,828,000														-64,033,000
contingent consideration payment												0	0	0	-56,976,000
proceeds from long-term debt												1,058,341,000									0	0	2,996,090,000													35,000
cash, cash equivalents and restricted cash — beginning of year
cash, cash equivalents and restricted cash — end of year
balances per consolidated balance sheets:
cash and cash equivalents							637,420,000	-313,401,000	489,094,000	-307,617,000	806,529,000				528,029,000													7,699,000	182,531,000	-115,136,000	467,917,000	-980,053,000	873,586,000	68,098,000	604,444,000
other current assets							2,397,000	1,035,000	-11,000	-268,000	1,465,000				880,000													773,000	-1,047,000	-148,000	4,067,000	-857,000	-407,000	542,000	3,174,000									-26,052,000	8,730,000	-42,150,000	35,294,000	15,155,000	8,391,000	-68,034,000	21,565,000	-38,762,000	-6,657,000	59,233,000	-15,850,000	726,000	2,598,000	-4,809,000	-4,373,000	-20,688,000	-21,158,000	40,211,000
current and other assets of discontinued operations
other assets							125,000	1,000	3,000	0	127,000				125,000													9,216,000	35,000	-485,000	1,165,000	39,000	149,000	20,000	662,000
total cash, cash equivalents and restricted cash							639,942,000	-312,365,000	489,086,000	-307,885,000	808,121,000				529,034,000													17,688,000	179,460,000	-113,710,000	473,149,000	-980,871,000	873,328,000	68,660,000	608,280,000
adjustments to reconcile net loss to cash from operating activities:
proceeds from sale of business, net of cash sold
adjustments to reconcile net loss to cash used by operating activities:
loss on extinguishment of debt																0
business acquisitions, net of cash received																0	0			-2,012,911,000								0	0	990,000	-321,395,000
proceeds from sale of short-term investments
share repurchases																-50,005,000
proceeds from issuance of common stock, net of (payments) for tax withholdings								-243,000	-211,000	-667,000	-1,725,000		-640,000	-165,000	-1,766,000			5,061,000	20,910,000			8,413,000	-15,634,000
cash, cash equivalents and restricted cash — beginning of period
cash, cash equivalents and restricted cash — end of period
purchases of short-term investments																					0	-100,000,000	-700,000,000
proceeds from sale and maturities of short-term investments																0
current assets of discontinued operations
pension expense less than contributions																-13,795,000	-15,202,000	-5,553,000	-6,759,000	4,090,000		-4,151,000	-3,802,000
cash received from kontoor brands, net of cash transferred of 126.8 million																								0	0	0	906,148,000
benefit from doubtful accounts																		1,495,000	1,850,000	17,530,000	6,767,000	7,582,000	8,145,000	23,335,000	3,358,000	4,073,000	2,161,000	6,228,000	5,910,000	7,606,000	2,809,000	9,775,000	4,913,000	3,793,000	2,690,000	1,090,000	5,620,000	4,758,000	5,815,000	3,504,000	2,027,000	2,345,000	6,811,000	1,106,000	677,000	3,412,000	1,009,000	5,539,000	3,692,000	5,516,000																			980,000	3,127,000	1,951,000	4,524,000
loss on sale of businesses, net of tax
proceeds from maturities of short-term investments
impairment of goodwill
proceeds from issuance of common stock, net of shares withheld for taxes																								20,304,000	84,427,000	43,460,000	7,199,000	61,826,000	7,356,000	76,614,000	53,500,000	41,749,000	33,431,000	11,430,000	3,283,000	8,251,000	28,250,000	8,315,000	4,102,000	19,416,000	7,859,000	-4,107,000	21,438,000	5,100,000	15,299,000	-10,966,000
amortization of operating lease right-of-use assets
pension expense in excess of contributions																													1,337,000	-942,000	2,537,000		4,614,000	5,206,000	7,781,000																19,377,000
purchases of treasury stock																												0	-150,196,000			0	-52,000	-762,007,000	-438,297,000	-238,000	-166,384,000	-120,079,000	-713,767,000	-409,000	-716,000	-730,811,000	-5,087,000	0	-213,758,000	-513,778,000
depreciation and amortization, including operating lease right-of-use assets																										161,951,000	159,178,000
adjustments to reconcile net income to cash (used) provided by operating activities:
pension expense (less than) in excess of contributions																											-2,837,000													9,013,000	10,348,000	-239,700,000
cash (used) provided by operating activities - continuing operations																											-79,392,000
cash (used) provided by operating activities																											-66,180,000													-44,515,000	144,178,000	-430,624,000
loss on sale of businesses																																24,905,000	-250,000	2,771,000	2,415,000	0
cash (used) provided by financing activities																																					-13,134,000	1,508,000	-189,959,000
(gain) loss on sale of businesses, net of tax																														29,791,000	-5,003,000
cash (used) provided by investing activities																														-89,097,000	-129,230,000
current assets held-for-sale
effect of foreign currency rate changes on cash and equivalents																																				-7,610,000	-7,240,000	-10,552,000	19,033,000	2,258,000	-5,452,000	-31,763,000	-51,737,000	-10,449,000	-1,505,000	-2,992,000	9,933,000	1,680,000	-2,871,000	-1,737,000	4,646,000	-5,408,000	2,703,000	-13,100,000
net change in cash and equivalents																																				490,037,000	61,716,000	90,274,000	-359,770,000	-93,171,000	4,287,000	-316,412,000	253,613,000	20,609,000	154,219,000	-454,731,000	460,742,000	-4,451,000	19,675,000	-297,024,000	-25,909,000	4,863,000	-15,579,000	-274,087,000	-61,485,000	-119,276,000	-137,328,000	-178,443,000	-12,915,000	-6,054,000	108,774,000	-105,416,000	-62,008,000	128,008,000	16,006,000	3,694,000	-169,069,000	189,028,000	-142,543,000	-33,968,000	-116,347,000	-119,643,000
cash and equivalents — beginning of year																																										971,895,000	195,492,000	0	0	776,403,000	0	0	0	597,461,000					0	792,239,000	0	0	731,549,000	0	0	381,844,000	321,863,000	0	0	0	343,224,000	0	296,557,000	0	0	485,507,000
cash and equivalents — end of year
adjustments to reconcile net income to cash provided (used) by operating activities
cash and equivalents – beginning of year																																					0	0	945,605,000	0
cash and equivalents – end of period																																					61,716,000	90,274,000	585,835,000	-93,171,000
the cash flows related to discontinued operations have not been segregated, and are included in the consolidated statements of cash flows. the cash and equivalents amounts presented above differ from cash and equivalents in the consolidated balance sheets due to cash included in “current assets of discontinued operations.”
estimated loss on sale of business
adjustments to reconcile net income to cash used by operating activities
balance, december 2014																																							432,859,891,000	0	0	432,859,891,000
dividends on common stock
purchase of treasury stock																																							-10,036,100,000	0	0	-12,037,000,000					-7,998,000,000	0	0	-2,000,000	0	0	-2,000,000	0	0	-5,023,000	0	0	-1,560,000	0	0	-2,000,000
foreign currency translation
defined benefit pension plans
derivative financial instruments
marketable securities
balance, december 2015																																							426,614,274,000
balance, march 2016																																							417,005,209,000
tax benefits of stock-based compensation																																								17,022,000	4,050,000	29,678,000	9,134,000	8,591,000	7,422,000	31,773,000
balance, december 2013																																								0	0	440,310,370,000	0	0	0	440,310,370,000
balance, september 2015
balance, june 2015
cash and equivalents — end of period																																										655,483,000		20,609,000	154,219,000	321,672,000		-4,451,000	19,675,000	300,437,000					-61,485,000	672,963,000	-137,328,000	-178,443,000	718,634,000	-6,054,000	108,774,000	276,428,000	259,855,000		16,006,000	3,694,000	174,155,000		154,014,000	-33,968,000	-116,347,000	365,864,000
balance, march 2015																																										424,964,672,000
balance, december 2012																																											0	0	0	440,818,936,000	440,708,731,000	0	0	110,205,000
depreciation																																												42,865,000	42,561,000	40,913,000	44,821,000	39,401,000	37,098,000	36,490,000	34,124,000	35,440,000	35,064,000	28,307,000	26,995,000	30,096,000	29,133,000	25,089,000	27,396,000	26,348,000	30,233,000	22,035,000	24,402,000	25,459,000	22,731,000	22,622,000	23,728,000	18,184,000	23,455,000	24,715,000	25,434,000	22,199,000
amortization of intangible assets																																												11,226,000	11,232,000	11,222,000	11,337,000	11,458,000	11,467,000	11,525,000	11,909,000	12,040,000	12,181,000	9,846,000	9,470,000	9,776,000	9,762,000	9,881,000	9,978,000	10,596,000	10,255,000	9,102,000	9,895,000	9,451,000	7,374,000	5,642,000	4,639,000	4,873,000	4,018,000	4,235,000	4,180,000	3,696,000
other amortization																																												15,227,000	13,391,000	11,882,000	16,006,000	13,535,000	10,202,000	9,933,000	9,979,000	10,388,000	5,658,000	6,136,000	6,349,000	5,069,000	4,553,000	3,893,000	3,695,000	5,088,000	3,947,000	3,311,000	2,926,000	2,074,000	4,186,000	4,726,000	8,595,000	1,776,000	4,237,000	3,876,000	4,120,000	4,207,000
accrued compensation																																												47,346,000	30,130,000	-60,471,000	-10,955,000	48,667,000	30,029,000	-68,880,000	45,462,000	27,838,000	-93,453,000	51,479,000	14,091,000	-64,313,000	38,800,000	17,423,000	-31,548,000	24,706,000	1,404,000	-8,982,000	-52,376,000			14,134,000	-42,418,000
accrued income taxes																																												60,850,000	-123,255,000	-50,996,000	77,631,000	44,032,000	-86,244,000	-18,791,000	67,415,000	-91,752,000	7,242,000	83,393,000	-71,468,000	14,651,000	40,230,000	-68,333,000	26,213,000	23,473,000	-16,017,000	-3,858,000	67,210,000	-68,333,000	54,168,000	-61,619,000	68,243,000
balance, september 2014
in thousands, except share amounts
balance, june 2014
balance, march 2014																																														433,166,874,000
gain on sale of businesses
changes in operating assets and liabilities, net of purchases and sales of businesses:
business acquisitions, net of cash acquired																																																									0	-9,335,000	-29,111,000	0	0	-207,219,000		-6,135,000	-875,862,000	-21,528,000	-157,111,000	-29,381,000	-1,225,000	-985,000	-187,484,000	-23,817,000
proceeds from sale of businesses
balance, december 2011																																															442,117,367,000	0	0	110,557,000	0	0	110,557,000
disposition of noncontrolling interests
changes in operating assets and liabilities, net of purchases and sales of business:
trademarks acquisition																																																						0	-1,098,000	-55,500,000
payment of debt issuance costs and hedging settlement costs
purchases of common stock																																															1,409,000	-1,847,000	-216,000	-281,370,000
proceeds from issuance of common stock																																															17,127,000	4,833,000	33,667,000	-7,598,000	38,488,000	9,344,000	-2,164,000	25,826,000	37,809,000	46,036,000	5,190,000						11,059,000	-8,055,000	2,075,000	56,857,000	18,662,000	39,976,000	3,839,000	28,946,000	9,310,000	54,495,000
tax benefits of stock option exercises																																															6,194,000	4,013,000	13,711,000	24,222,000	14,212,000	3,188,000	22,055,000	7,319,000	6,334,000	8,384,000	522,000	1,089,000	1,669,000	6,669,000	417,000	-2,438,000	8,397,000	452,000	452,000	9,595,000	5,072,000	12,001,000	751,000
acquisitions of noncontrolling interests
balance, december 2010																																																			0	0	107,938,000	0	0	107,938,000
stock compensation plans																																															10,736,894,000	0	0	1,666,000	0	0	2,685,000	0	0	2,815,000	0	0	1,977,000	0	0	2,050,000
common stock held in trust for deferred compensation plans																																															-263,038,000	0	0	-18,000	0	0	-66,000	0	0	-139,000	0	0	20,000
distributions to noncontrolling interests
changes in operating assets and liabilities, net of sale of business:
business acquisition, net of cash acquired
proceeds from sale of business																																																			255,000
balance, september 2013
balance, june 2013
balance, march 2013																																																		109,257,000
payments of debt issuance costs
purchase of common stock																																																			-7,326,000	-88,256,000	-210,840,000	-1,775,000	-2,713,000	-2,453,000	-4,295,000	-199,910,000	-118,001,000				-123,676,000	0	0	-190,659,000	-159,341,000	0	-55,365,000	-59,070,000	-56,993,000	-59,073,000
acquition of noncontrolling interest
cash and equivalents - beginning of year																																																			0	0	341,228,000
cash and equivalents - end of period																																																			-25,909,000	4,863,000	325,649,000
acquisition of remaining noncontrolling interest
disposition of remaining noncontrolling interest
balance, september 2012
balance, june 2012
pension contributions under expense																																																					17,829,000
changes in operating assets and liabilities, net of acquisitions:
balance, march 2012																																																					109,296,000
pension funding under (over) expense																																																																2,473,000
balance, december 2009																																																						0	0	110,285,000	0	0	110,285,000
balance, september 2011
pension funding less than expense																																																													23,069,000	18,338,000
balance, june 2011
pension funding under expense																																																								10,817,000			10,324,000
effect of foreign currency rate changes on cash																																																								23,530,000	16,166,000	-14,890,000	-19,046,000	2,238,000	8,848,000	-5,262,000	7,127,000	7,734,000	4,075,000	2,712,000	256,000	2,399,000	-233,000	2,333,000	-11,239,000	-4,117,000
common stock dividends
balance, march 2011																																																								109,014,000
pension funding less (greater) than expense
increase in short-term borrowings																																																									4,345,000	-5,388,000	2,837,000	-103,518,000	64,405,000	235,912,000	171,251,000	-926,928,000	945,148,000	-210,163,000	228,728,000	-215,335,000	73,461,000	-76,061,000	217,276,000	-4,751,000
balance, december 2008																																																									0	0	109,848,000	0	0	109,848,000
balance, september 2010
balance, june 2010
(cost) proceeds from issuance of common stock																																																											52,394,000		1,873,000	-6,740,000
see notes to consolidated financial statements.
balance, march 2010																																																											109,981,000
adjustments to reconcile net income to cash from operating activities of continuing operations:
pension funding over expense
cash from operating activities of continuing operations																																																												179,203,000
cash used by discontinued operations																																																															-663,000			-8,000	-11,156,000
sale of property, plant and equipment																																																												0	4,350,000	1,700,000	2,444,000
balance, december 2007																																																												0	0	109,798,000
cash dividends on common stock
balance, september 2009
balance, june 2009
adjustments to reconcile net income to cash used by operating activities of continuing operations:
cash used by operating activities of continuing operations																																																														-35,363,000	-50,292,000				-8,769,000
balance, march 2009																																																														110,276,000
adjustments to reconcile net income to cash provided
by operating activities of continuing operations:
income from discontinued operations																																																																362,000	2,156,000	-19,877,000	-4,266,000
adjustments to reconcile income from discontinued operations to cash used by discontinued operations:
loss on disposal of discontinued operations																																																																0	240,000
cash used by operating activities of discontinued operations
sale of intimate apparel business
sale of other businesses
cash used by investing activities of continuing operations																																																															-20,368,000	-31,404,000			-179,446,000
discontinued operations																																																																0	0	128,000	-371,000
balance, december 2006
acquisition of noncontrolling interest in subsidiary
changes in accounting policies
adjustments to reconcile income from discontinued operations to cash used by discontinued operations																																																															-663,000				-15,422,000
•
adjustments to reconcile income from discontinued operations to cash provided (used) by discontinued operations:
cash provided (used) by operating activities of discontinued operations
balance, december 2005
cash dividends:
common stock
series b redeemable preferred stock
conversion of preferred stock
minimum pension liability adjustment
change in accounting policy
unrealized losses on marketable securities
(income) income from discontinued operations
cumulative effect of a change in accounting policy
cash used by financing activities of continuing operations
in thousands																																																																		0	2,007,000
balance, december 2004
change in accounting policy for stock-based compensation
unrealized gains on marketable securities
adjustments to reconcile net income to cash provided (used) by operating activities of continuing operations:
loss (income) from discontinued operations
changes in operating assets and liabilities, net of acquisitions and dispositions:
accrued liabilities and other																																																																	28,046,000	-28,105,000	64,201,000		23,457,000	101,981,000	-29,163,000	26,144,000
cash provided (used) by operating activities of continuing operations
cash provided (used) by discontinued operations
proceeds from sale of intimate apparel business																																																																	0
proceeds from sale of playwear business
total revenues																																																																	2,124,147,000	-189,411,000	192,789,000
income from continuing operations
income from continuing operations per common share
basic
diluted
adjustments to reconcile net income to cash provided/(used) by operating activities of continuing operations:
loss/(income) from discontinued operations
pension funding under/(over) expense
cash provided/(used) by operating activities of continuing operations
(loss)/income from discontinued operations
adjustments to reconcile (loss)/income from discontinued operations to cash used by discontinued operations:
cash provided/(used) by operating activities
cash provided/(used) by investing activities of continuing operations
cash provided/(used) by investing activities
income from operations, net of income taxes of 719, 5,313, 3,190 and 10,946
loss on disposal
earnings per common share — basic
income from operations
earnings per common share — diluted
pension funding under / (over) expense																																																																			2,553,000
income from operations, net of income taxes of 2,471 and 5,633																																																																			4,266,000
pension funding in excess of expense																																																																				11,624,000	-64,055,000	10,102,000	10,101,000	-44,739,000
other accrued liabilities
adjustments to reconcile income from discontinued operations to cash from discontinued operations:
cash from operating activities of discontinued operations
sale of vf playwear business																																																																				-193,000		0
balance, december 2003
amortizable intangible assets:
license agreements																																																																					24,000
customer relationships																																																																					22,000
trademarks and other																																																																					10,000
amortizable intangible assets
indefinite-lived intangible assets:
trademarks and tradenames
intangible assets
net cash used by discontinued operations
net income, as reported																																																																						81,878,000	-22,881,000	122,868,000
add back employee compensation expense for restricted stock units and stock grants included in reported net income, net of income taxes
less total stock-based employee compensation expense determined under the fair value method, net of income taxes																																																																						1,703,000	4,596,000	-11,789,000
pro forma net income																																																																						82,881,000	-17,937,000	114,686,000
net income per common share:
basic — as reported																																																																						730	-200	1,100
basic — pro forma																																																																						740	-150	1,020
diluted — as reported																																																																						710	-190	1,070
diluted — pro forma																																																																						720	-150	1,000
add back employee compensation expense for performance-based restricted stock units and stock grants included in reported net income, net of income taxes																																																																							348,000	3,607,000

V.F. Corporation(NYSE:VFC)

V.F. Corporation
(NYSE:VFC)