2023 Q3 Form 10-Q Financial Statement
#000010337923000015 Filed on August 03, 2023
Income Statement
Concept | 2023 Q3 |
---|---|
Revenue | $2.086B |
YoY Change | -7.75% |
Cost Of Revenue | $985.3M |
YoY Change | -5.53% |
Gross Profit | $1.101B |
YoY Change | -9.65% |
Gross Profit Margin | 52.78% |
Selling, General & Admin | $1.109B |
YoY Change | -3.97% |
% of Gross Profit | 100.75% |
Research & Development | |
YoY Change | |
% of Gross Profit | |
Depreciation & Amortization | $67.08M |
YoY Change | 0.48% |
% of Gross Profit | 6.09% |
Operating Expenses | $1.109B |
YoY Change | -3.97% |
Operating Profit | -$8.292M |
YoY Change | -113.09% |
Interest Expense | -$49.72M |
YoY Change | -252.77% |
% of Operating Profit | |
Other Income/Expense, Net | $90.83M |
YoY Change | -195.9% |
Pretax Income | -$62.28M |
YoY Change | -0.54% |
Income Tax | -$4.853M |
% Of Pretax Income | |
Net Earnings | -$57.43M |
YoY Change | 2.62% |
Net Earnings / Revenue | -2.75% |
Basic Earnings Per Share | -$0.15 |
Diluted Earnings Per Share | -$0.15 |
COMMON SHARES | |
Basic Shares Outstanding | 388.2M shares |
Diluted Shares Outstanding | 388.2M shares |
Balance Sheet
Concept | 2023 Q3 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $806.5M |
YoY Change | 52.74% |
Cash & Equivalents | $806.5M |
Short-Term Investments | |
Other Short-Term Assets | $403.1M |
YoY Change | -18.16% |
Inventory | $2.787B |
Prepaid Expenses | |
Receivables | $1.217B |
Other Receivables | $0.00 |
Total Short-Term Assets | $5.214B |
YoY Change | 13.05% |
LONG-TERM ASSETS | |
Property, Plant & Equipment | $2.293B |
YoY Change | 2.58% |
Goodwill | $1.974B |
YoY Change | -16.36% |
Intangibles | $5.196B |
YoY Change | -11.48% |
Long-Term Investments | |
YoY Change | |
Other Assets | $1.923B |
YoY Change | 88.34% |
Total Long-Term Assets | $8.830B |
YoY Change | 2.68% |
TOTAL ASSETS | |
Total Short-Term Assets | $5.214B |
Total Long-Term Assets | $8.830B |
Total Assets | $14.04B |
YoY Change | 6.3% |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | $1.282B |
YoY Change | 25.38% |
Accrued Expenses | $1.484B |
YoY Change | -7.99% |
Deferred Revenue | |
YoY Change | |
Short-Term Debt | $58.52M |
YoY Change | -92.93% |
Long-Term Debt Due | $928.7M |
YoY Change | 87682.23% |
Total Short-Term Liabilities | $3.816B |
YoY Change | 10.17% |
LONG-TERM LIABILITIES | |
Long-Term Debt | $5.722B |
YoY Change | 28.06% |
Other Long-Term Liabilities | $1.788B |
YoY Change | 94.25% |
Total Long-Term Liabilities | $7.511B |
YoY Change | 715.86% |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $3.816B |
Total Long-Term Liabilities | $7.511B |
Total Liabilities | $11.33B |
YoY Change | 14.89% |
SHAREHOLDERS EQUITY | |
Retained Earnings | -$60.69M |
YoY Change | -132.15% |
Common Stock | $3.831B |
YoY Change | -5.14% |
Preferred Stock | |
YoY Change | |
Treasury Stock (at cost) | |
YoY Change | |
Treasury Stock Shares | |
Shareholders Equity | $2.717B |
YoY Change | |
Total Liabilities & Shareholders Equity | $14.04B |
YoY Change | 6.3% |
Cashflow Statement
Concept | 2023 Q3 |
---|---|
OPERATING ACTIVITIES | |
Net Income | -$57.43M |
YoY Change | 2.62% |
Depreciation, Depletion And Amortization | $67.08M |
YoY Change | 0.48% |
Cash From Operating Activities | $163.6M |
YoY Change | -145.65% |
INVESTING ACTIVITIES | |
Capital Expenditures | $84.59M |
YoY Change | -206.32% |
Acquisitions | |
YoY Change | |
Other Investing Activities | -$5.972M |
YoY Change | -40.55% |
Cash From Investing Activities | -$90.56M |
YoY Change | 30.27% |
FINANCING ACTIVITIES | |
Cash Dividend Paid | |
YoY Change | |
Common Stock Issuance & Retirement, Net | -$1.725M |
YoY Change | |
Debt Paid & Issued, Net | $268.0K |
YoY Change | -99.95% |
Cash From Financing Activities | -71.89M |
YoY Change | -72.48% |
NET CHANGE | |
Cash From Operating Activities | 163.6M |
Cash From Investing Activities | -90.56M |
Cash From Financing Activities | -71.89M |
Net Change In Cash | 1.128M |
YoY Change | -100.15% |
FREE CASH FLOW | |
Cash From Operating Activities | $163.6M |
Capital Expenditures | $84.59M |
Free Cash Flow | $78.99M |
YoY Change | -128.33% |
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52657000 | usd |
CY2023Q3 | us-gaap |
Payments To Acquire Software
PaymentsToAcquireSoftware
|
22827000 | usd |
CY2022Q3 | us-gaap |
Payments To Acquire Software
PaymentsToAcquireSoftware
|
26907000 | usd |
CY2023Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
5972000 | usd |
CY2022Q3 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-10045000 | usd |
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-90562000 | usd |
CY2022Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-69519000 | usd |
CY2023Q3 | us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
0 | usd |
CY2022Q3 | us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
56976000 | usd |
CY2023Q3 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
47029000 | usd |
CY2023Q3 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
268000 | usd |
CY2023Q3 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
346000 | usd |
CY2023Q3 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
116575000 | usd |
CY2023Q3 | vfc |
Payments Related To Tax Withholding For Sharebased Compensation And Proceeds From Issuance Of Shares Under Incentive And Sharebased Compensation Plans Including Stock Options
PaymentsRelatedToTaxWithholdingForSharebasedCompensationAndProceedsFromIssuanceOfSharesUnderIncentiveAndSharebasedCompensationPlansIncludingStockOptions
|
-1725000 | usd |
CY2022Q3 | vfc |
Payments Related To Tax Withholding For Sharebased Compensation And Proceeds From Issuance Of Shares Under Incentive And Sharebased Compensation Plans Including Stock Options
PaymentsRelatedToTaxWithholdingForSharebasedCompensationAndProceedsFromIssuanceOfSharesUnderIncentiveAndSharebasedCompensationPlansIncludingStockOptions
|
-1766000 | usd |
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-71885000 | usd |
CY2023Q3 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-9326000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-8198000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
816319000 | usd |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
806529000 | usd |
CY2023Q3 | vfc |
Restricted Cash And Restricted Cash Equivalents Included In Other Assets Current
RestrictedCashAndRestrictedCashEquivalentsIncludedInOtherAssetsCurrent
|
1465000 | usd |
CY2023Q3 | vfc |
Restricted Cash And Restricted Cash Equivalents Included In Other Assets Noncurrent
RestrictedCashAndRestrictedCashEquivalentsIncludedInOtherAssetsNoncurrent
|
127000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
808121000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2910713000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-57425000 | usd |
CY2023Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.30 | |
CY2022Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
194135000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
20530000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-81534000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
-56151000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
|
77086000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3352493000 | usd |
CY2023Q3 | us-gaap |
Fiscal Period
FiscalPeriod
|
Fiscal YearVF Corporation (together with its subsidiaries, collectively known as “VF” or the “Company”) uses a 52/53 week fiscal year ending on the Saturday closest to March 31 of each year. The Company's current fiscal year runs from April 2, 2023 through March 30, 2024 ("Fiscal 2024"). Accordingly, this Form 10-Q presents our first quarter of Fiscal 2024. For presentation purposes herein, all references to periods ended June 2023 and June 2022 relate to the fiscal periods ended on July 1, 2023 and July 2, 2022, respectively. References to March 2023 relate to information as of April 1, 2023. | |
CY2023Q3 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:14pt;text-align:justify"><span style="color:#6d6e71;font-family:'DIN-Regular',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:5pt;text-align:justify"><span style="color:#6d6e71;font-family:'DIN-Regular',sans-serif;font-size:9pt;font-weight:400;line-height:120%">In preparing the interim consolidated financial statements, management makes estimates and assumptions that affect amounts reported in the interim consolidated financial statements and accompanying notes. Actual results may differ from those estimates.</span></div> | |
CY2023Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2240215000 | usd |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2086336000 | usd |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2086336000 | usd |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2261595000 | usd |
CY2022Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2261595000 | usd |
CY2023Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2731511000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
10700000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
106131000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
101705000 | usd |
CY2023Q3 | vfc |
Lease Cost Other
LeaseCostOther
|
35319000 | usd |
CY2022Q3 | vfc |
Lease Cost Other
LeaseCostOther
|
33165000 | usd |
CY2023Q3 | us-gaap |
Lease Cost
LeaseCost
|
141450000 | usd |
CY2022Q3 | us-gaap |
Lease Cost
LeaseCost
|
134870000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
114200000 | usd |
CY2022Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2277145000 | usd |
CY2023Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
41827000 | usd |
CY2023Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
39508000 | usd |
CY2022Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
49002000 | usd |
CY2023Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
13683000 | usd |
CY2023Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
13067000 | usd |
CY2022Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
15248000 | usd |
CY2023Q3 | us-gaap |
Inventory Net
InventoryNet
|
2787021000 | usd |
CY2023Q2 | us-gaap |
Inventory Net
InventoryNet
|
2292790000 | usd |
CY2022Q3 | us-gaap |
Inventory Net
InventoryNet
|
2341395000 | usd |
CY2023Q3 | us-gaap |
Indefinite Lived Trademarks
IndefiniteLivedTrademarks
|
2555270000 | usd |
CY2023Q2 | us-gaap |
Indefinite Lived Trademarks
IndefiniteLivedTrademarks
|
2553919000 | usd |
CY2023Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
2640827000 | usd |
CY2023Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
2642821000 | usd |
CY2023Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3500000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
13600000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
13100000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
12100000 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
11700000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
102300000 | usd |
CY2023Q3 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
71800000 | usd |
CY2022Q3 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
105900000 | usd |
CY2023Q2 | us-gaap |
Goodwill
Goodwill
|
1978413000 | usd |
CY2023Q3 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-4798000 | usd |
CY2023Q3 | us-gaap |
Goodwill
Goodwill
|
1973615000 | usd |
CY2023Q3 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd |
CY2023Q3 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
2192000 | usd |
CY2022Q3 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
2646000 | usd |
CY2023Q3 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
11812000 | usd |
CY2022Q3 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
12631000 | usd |
CY2023Q3 | us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
15877000 | usd |
CY2022Q3 | us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
18860000 | usd |
CY2023Q3 | us-gaap |
Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
|
-3292000 | usd |
CY2022Q3 | us-gaap |
Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
|
-91761000 | usd |
CY2023Q3 | us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
-4232000 | usd |
CY2022Q3 | us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
-3721000 | usd |
CY2023Q3 | us-gaap |
Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
|
-135000 | usd |
CY2022Q3 | us-gaap |
Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
|
-112000 | usd |
CY2023Q3 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
5516000 | usd |
CY2022Q3 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
91787000 | usd |
CY2023Q3 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
16200000 | usd |
CY2023Q3 | us-gaap |
Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
|
13500000 | usd |
CY2022Q2 | us-gaap |
Defined Benefit Plan Benefit Obligation Payment For Settlement
DefinedBenefitPlanBenefitObligationPaymentForSettlement
|
330000000 | usd |
CY2022Q2 | vfc |
Defined Benefit Plan Number Of Participants
DefinedBenefitPlanNumberOfParticipants
|
17700 | participant |
CY2023Q3 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
0 | shares |
CY2023Q2 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
0 | shares |
CY2022Q3 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
0 | shares |
CY2022Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.25 | |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.25 | |
CY2023Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.25 | |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-30663000 | usd |
CY2023Q3 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
3348000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-11963000 | usd |
CY2022Q3 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-63666000 | usd |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
4566907 | shares |
CY2023Q3 | us-gaap |
Deferred Compensation Arrangement With Individual Exercise Price
DeferredCompensationArrangementWithIndividualExercisePrice
|
17.95 | |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P3Y | |
CY2023Q3 | vfc |
Share Based Compensation Arrangement By Share Based Payment Award Period Of Time Options Become Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardPeriodOfTimeOptionsBecomeExercisable
|
P1Y | |
CY2023Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
|
P10Y | |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
|
0.33 | |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
|
0.52 | |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
|
0.42 | |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.037 | |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.0380 | |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.0544 | |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
5.72 | |
CY2023Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.078 | |
CY2022Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.106 | |
CY2023Q3 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
200000 | usd |
CY2023Q3 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
4700000 | usd |
CY2023Q3 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
-3100000 | usd |
CY2023Q3 | us-gaap |
Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
|
-7500000 | usd |
CY2023Q3 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
200000 | usd |
CY2023Q3 | vfc |
Effective Income Tax Rate Reconciliation Effective Tax Rate Excluding Discrete Items
EffectiveIncomeTaxRateReconciliationEffectiveTaxRateExcludingDiscreteItems
|
0.082 | |
CY2022Q3 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
800000 | usd |
CY2022Q3 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
1600000 | usd |
CY2022Q3 | vfc |
Effective Income Tax Rate Reconciliation Withholding Taxes On Prior Foreign Earnings
EffectiveIncomeTaxRateReconciliationWithholdingTaxesOnPriorForeignEarnings
|
-800000 | usd |
CY2022Q3 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
800000 | usd |
CY2022Q3 | vfc |
Effective Income Tax Rate Reconciliation Effective Tax Rate Excluding Discrete Items
EffectiveIncomeTaxRateReconciliationEffectiveTaxRateExcludingDiscreteItems
|
0.120 | |
CY2023Q3 | vfc |
Effective Income Tax Rate Reconciliation Effective Tax Rate Excluding Discrete Items Increase Decrease From Prior Period
EffectiveIncomeTaxRateReconciliationEffectiveTaxRateExcludingDiscreteItemsIncreaseDecreaseFromPriorPeriod
|
0.038 | |
CY2022Q4 | us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
875700000 | usd |
CY2023Q3 | vfc |
Income Tax Examination Period
IncomeTaxExaminationPeriod
|
P12M | |
CY2023Q3 | us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
7000000 | usd |
CY2023Q3 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
304600000 | usd |
CY2023Q3 | us-gaap |
Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
|
301300000 | usd |
CY2023Q3 | us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
-24800000 | usd |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-62278000 | usd |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-62614000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-57425000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-55960000 | usd |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
388160000 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
387563000 | shares |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.15 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.14 | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-57425000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-55960000 | usd |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
388160000 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
387563000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
388160000 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
387563000 | shares |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.15 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.14 | |
CY2023Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
18600000 | shares |
CY2022Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
13300000 | shares |
CY2023Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
32888000 | usd |
CY2023Q3 | vfc |
Deferred Compensation Asset At Fair Value
DeferredCompensationAssetAtFairValue
|
101041000 | usd |
CY2023Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
82028000 | usd |
CY2023Q3 | vfc |
Deferred Compensation Liability At Fair Value
DeferredCompensationLiabilityAtFairValue
|
97507000 | usd |
CY2023Q2 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
49688000 | usd |
CY2023Q2 | vfc |
Deferred Compensation Asset At Fair Value
DeferredCompensationAssetAtFairValue
|
99200000 | usd |
CY2023Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
72653000 | usd |
CY2023Q2 | vfc |
Deferred Compensation Liability At Fair Value
DeferredCompensationLiabilityAtFairValue
|
96364000 | usd |
CY2023Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
6651200000 | usd |
CY2023Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
6635300000 | usd |
CY2023Q3 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
6170700000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
6244400000 | usd |
CY2023Q3 | us-gaap |
Derivative Term Of Contract
DerivativeTermOfContract
|
P20M | |
CY2023Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
32888000 | usd |
CY2023Q2 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
49688000 | usd |
CY2022Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
156458000 | usd |
CY2023Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
82028000 | usd |
CY2023Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
72653000 | usd |
CY2022Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
23770000 | usd |
CY2023Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
32888000 | usd |
CY2023Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
82028000 | usd |
CY2023Q2 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
49688000 | usd |
CY2023Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
72653000 | usd |
CY2022Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
156458000 | usd |
CY2022Q3 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
23770000 | usd |
CY2023Q3 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
27128000 | usd |
CY2023Q3 | us-gaap |
Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
|
27128000 | usd |
CY2023Q2 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
26470000 | usd |
CY2023Q2 | us-gaap |
Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
|
26470000 | usd |
CY2022Q3 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
23018000 | usd |
CY2022Q3 | us-gaap |
Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
|
23018000 | usd |
CY2023Q3 | us-gaap |
Derivative Assets
DerivativeAssets
|
5760000 | usd |
CY2023Q3 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
54900000 | usd |
CY2023Q2 | us-gaap |
Derivative Assets
DerivativeAssets
|
23218000 | usd |
CY2023Q2 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
46183000 | usd |
CY2022Q3 | us-gaap |
Derivative Assets
DerivativeAssets
|
133440000 | usd |
CY2022Q3 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
752000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
-22740000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
99430000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
|
10680000 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
|
8242000 | usd |
CY2023Q3 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
|
-8400000 | usd |
CY2023Q3 | us-gaap |
Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
|
13200000 | usd |
CY2023Q3 | us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
700000 | usd |
CY2023Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
30500000 | usd |
CY2023Q3 | us-gaap |
Severance Costs1
SeveranceCosts1
|
676000 | usd |
CY2022Q3 | us-gaap |
Severance Costs1
SeveranceCosts1
|
2094000 | usd |
CY2023Q3 | us-gaap |
Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
|
0 | usd |
CY2022Q3 | us-gaap |
Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
|
3668000 | usd |
CY2023Q3 | us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
19000 | usd |
CY2022Q3 | us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
344000 | usd |
CY2023Q3 | us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
695000 | usd |
CY2022Q3 | us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
6106000 | usd |
CY2023Q3 | us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
695000 | usd |
CY2022Q3 | us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
6106000 | usd |
CY2023Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
676000 | usd |
CY2023Q3 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
13346000 | usd |
CY2023Q3 | us-gaap |
Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
|
-2172000 | usd |
CY2023Q3 | us-gaap |
Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
|
-31000 | usd |
CY2023Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
30455000 | usd |
CY2022Q4 | us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
875700000 | usd |
CY2023Q3 | us-gaap |
Income Tax Examination Estimate Of Possible Loss
IncomeTaxExaminationEstimateOfPossibleLoss
|
730000000 | usd |
CY2023Q3 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
19600000 | usd |
CY2023Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2023Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2023Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |