2023 Q3 Form 10-Q Financial Statement

#000010337923000015 Filed on August 03, 2023

View on sec.gov

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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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
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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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
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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
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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
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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
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CY2023Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
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CY2023Q3 vfc Deferred Compensation Liability At Fair Value
DeferredCompensationLiabilityAtFairValue
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CY2023Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
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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
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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
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
99430000 usd
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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
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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
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CY2022Q3 us-gaap Other Restructuring Costs
OtherRestructuringCosts
344000 usd
CY2023Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
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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
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13346000 usd
CY2023Q3 us-gaap Restructuring Reserve Accrual Adjustment1
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CY2023Q3 us-gaap Restructuring Reserve Translation Adjustment
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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

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