V.F. (VFC) 10-Q 2 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 28, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Trading Symbol	VFC
Entity Registrant Name	V F CORP
Entity Central Index Key	103,379
Current Fiscal Year End Date	--12-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		395,149,073

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Current assets
Cash and equivalents	$ 1,546,128	$ 1,227,862	$ 737,825
Accounts receivable, less allowance for doubtful accounts of: September 2017 – $21,469; December 2016 – $20,539; September 2016 – $22,654	1,851,430	1,161,393	1,736,521
Inventories	1,909,563	1,471,300	1,897,546
Other current assets	319,991	296,698	293,904
Current assets of discontinued operations	315	135,845	153,227
Total current assets	5,627,427	4,293,098	4,819,023
Property, plant and equipment, net	921,217	926,010	935,015
Intangible assets, net	1,936,522	1,797,271	1,925,955
Goodwill	1,642,873	1,708,323	1,769,838
Other assets	746,882	929,190	904,742
Other assets of discontinued operations	0	85,395	88,536
Total assets	10,874,921	9,739,287	10,443,109
Current liabilities
Short-term borrowings	1,985,287	26,029	737,660
Current portion of long-term debt	253,831	253,689	3,643
Accounts payable	554,107	642,970	550,427
Accrued liabilities	1,028,170	827,507	860,383
Current liabilities of discontinued operations	0	35,205	25,083
Total current liabilities	3,821,395	1,785,400	2,177,196
Long-term debt	2,144,221	2,039,180	2,347,122
Other liabilities	971,885	977,076	1,049,353
Other liabilities of discontinued operations	0	(3,290)	(3,339)
Commitments and contingencies
Total liabilities	6,937,501	4,798,366	5,570,332
Stockholders’ equity
Preferred Stock, par value $1; shares authorized, 25,000,000; no shares outstanding at September 2017, December 2016 or September 2016	0	0	0
Common Stock, stated value $0.25; shares authorized, 1,200,000,000; shares outstanding at September 2017 – 394,502,698; December 2016 – 414,012,954; September 2016 – 413,682,259	98,626	103,503	103,421
Additional paid-in capital	3,456,661	3,333,423	3,313,077
Accumulated other comprehensive loss	(914,896)	(1,041,463)	(998,020)
Retained earnings	1,297,029	2,545,458	2,454,299
Total stockholders’ equity	3,937,420	4,940,921	4,872,777
Total liabilities and stockholders’ equity	$ 10,874,921	$ 9,739,287	$ 10,443,109

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 21,469	$ 20,539	$ 22,654
Preferred Stock, par value (in USD per share)	$ 1	$ 1	$ 1
Preferred Stock, shares authorized (in shares)	25,000,000	25,000,000	25,000,000
Preferred Stock, shares outstanding (in shares)	0	0	0
Common Stock, stated value (in USD per share)	$ 0.25	$ 0.25	$ 0.25
Common Stock, shares authorized (in shares)	1,200,000,000	1,200,000,000	1,200,000,000
Common Stock, shares outstanding (in shares)	394,502,698	414,012,954	413,682,259

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Income Statement [Abstract]
Net sales	$ 3,481,202	$ 3,298,484	$ 8,370,183	$ 8,200,228
Royalty income	27,616	29,232	79,893	82,371
Total revenues	3,508,818	3,327,716	8,450,076	8,282,599
Costs and operating expenses
Cost of goods sold	1,751,748	1,693,071	4,225,444	4,229,018
Selling, general and administrative expenses	1,168,470	1,026,398	3,176,536	2,939,115
Impairment of goodwill	104,651	0	104,651	0
Total costs and operating expenses	3,024,869	2,719,469	7,506,631	7,168,133
Operating income	483,949	608,247	943,445	1,114,466
Interest income	4,571	2,215	11,672	6,459
Interest expense	(27,108)	(24,783)	(75,004)	(70,441)
Other income (expense), net	(332)	(1,097)	(2,052)	1,696
Income from continuing operations before income taxes	461,080	584,582	878,061	1,052,180
Income taxes	74,316	99,358	161,753	188,528
Income from continuing operations	386,764	485,224	716,308	863,652
Income (loss) from discontinued operations, net of tax	(624)	13,265	(11,116)	(53,879)
Net income	$ 386,140	$ 498,489	$ 705,192	$ 809,773
Earnings (loss) per common share - basic
Continuing operations (in USD per share)	$ 0.98	$ 1.17	$ 1.79	$ 2.07
Discontinued operations (in USD per share)	0	0.03	(0.03)	(0.13)
Total earnings per common share - basic (in USD per share)	0.98	1.21	1.76	1.94
Earnings (loss) per common share - diluted
Continuing operations (in USD per share)	0.97	1.16	1.77	2.04
Discontinued operations (in USD per share)	0	0.03	(0.03)	(0.13)
Total earnings per common share - diluted (in USD per share)	0.97	1.19	1.74	1.91
Cash dividends per common share (in USD per share)	$ 0.42	$ 0.37	$ 1.26	$ 1.11

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 386,140	$ 498,489	$ 705,192	$ 809,773
Foreign currency translation and other
Gains (losses) arising during the period	53,481	4,154	188,649	48,222
Less income tax effect	11,764	508	37,966	(604)
Defined benefit pension plans
Amortization of net deferred actuarial losses	10,030	16,303	31,414	48,928
Amortization of deferred prior service costs	643	645	2,000	1,937
Current year actuarial gains (losses) and curtailment loss	0	0	20,996	0
Less income tax effect	(3,743)	(6,541)	(19,872)	(19,561)
Derivative financial instruments
Gains (losses) arising during the period	(51,147)	9,571	(117,580)	32,837
Less income tax effect	(679)	(3,675)	9,744	(12,506)
Reclassification to net income for (gains) losses realized	(4,609)	(28,458)	(32,419)	(87,777)
Less income tax effect	(39)	10,928	5,669	33,726
Other comprehensive income (loss)	15,701	3,435	126,567	45,202
Comprehensive income	$ 401,841	$ 501,924	$ 831,759	$ 854,975

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016	Dec. 31, 2016	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Operating activities
Net income	$ 386,140	$ 498,489	$ 705,192	$ 809,773
Adjustments to reconcile net income to cash provided by operating activities:
Impairment of goodwill	104,651	0	104,651	0
Depreciation and amortization			207,590	205,491
Stock-based compensation			57,709	54,933
Provision for doubtful accounts			11,396	16,193
Pension expense in excess of contributions			17,601	33,866
Loss on sale of businesses			4,936	104,357
Other, net			15,187	22,466
Changes in operating assets and liabilities:
Accounts receivable			(625,574)	(501,186)
Inventories			(390,419)	(443,115)
Accounts payable			(111,276)	(116,800)
Income taxes			(77,125)	(141,262)
Accrued liabilities			126,247	56,055
Other assets and liabilities			(39,432)	(53,574)
Cash provided by operating activities			6,683	47,197
Investing activities
Proceeds from sale of businesses, net of cash sold			213,494	115,983
Capital expenditures			(124,393)	(129,947)
Software purchases			(53,451)	(31,843)
Other, net			(10,558)	(4,997)
Cash provided (used) by investing activities			25,092	(50,804)
Financing activities
Net increase in short-term borrowings			1,959,335	287,759
Payments on long-term debt			(2,749)	(12,385)
Payment of debt issuance costs			0	(6,772)
Proceeds from long-term debt			0	951,782
Purchases of treasury stock			(1,200,356)	(1,000,230)
Cash dividends paid			(502,993)	(462,406)
Proceeds from issuance of Common Stock, net of shares withheld for taxes			48,144	40,667
Cash provided (used) by financing activities			301,381	(201,585)
Effect of foreign currency rate changes on cash, cash equivalents and restricted cash			(13,914)	1,018
Net change in cash, cash equivalents and restricted cash			319,242	(204,174)
Cash, cash equivalents and restricted cash – beginning of year			1,231,026	946,396	$ 946,396
Cash, cash equivalents and restricted cash – end of period	1,550,268	742,222	1,550,268	742,222	1,231,026
Balances per Consolidated Balance Sheets:
Cash and cash equivalents						$ 1,546,128	$ 1,227,862	$ 737,825
Other current assets						3,309		3,686
Other assets						831		711
Total cash, cash equivalents and restricted cash	$ 1,550,268	$ 742,222	$ 1,231,026	$ 946,396	$ 946,396	$ 1,550,268	$ 1,231,026	$ 742,222

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings
Balance (in shares) at Jan. 02, 2016		426,614,274
Balance at Jan. 02, 2016		$ 106,654	$ 3,192,675	$ (1,043,222)	$ 3,128,731
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 809,773
Balance at Oct. 01, 2016	4,872,777			(998,020)
Balance (in shares) at Jan. 02, 2016		426,614,274
Balance at Jan. 02, 2016		$ 106,654	3,192,675	(1,043,222)	3,128,731
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					1,074,106
Dividends on Common Stock					(635,994)
Purchase of treasury stock (in shares)		(15,932,075)
Purchase of treasury stock		$ (3,983)			(996,485)
Stock-based compensation, net (in shares)		3,330,755
Stock-based compensation, net		$ 832	140,748		(24,900)
Foreign currency translation and other				(76,410)
Defined benefit pension plans				69,498
Derivative financial instruments				8,671
Balance (in shares) at Dec. 31, 2016		414,012,954
Balance at Dec. 31, 2016	4,940,921	$ 103,503	3,333,423	(1,041,463)	2,545,458
Balance at Jul. 02, 2016				(1,001,455)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	498,489
Balance at Oct. 01, 2016	4,872,777			(998,020)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of new accounting standard					(237,764)
Balance at Dec. 31, 2016	4,940,921	$ 103,503	3,333,423	(1,041,463)	2,545,458
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 705,192				705,192
Dividends on Common Stock					(502,993)
Purchase of treasury stock (in shares)	(22,200,000)	(22,213,162)
Purchase of treasury stock	$ (1,200,000)	$ (5,553)			(1,194,803)
Stock-based compensation, net (in shares)		2,702,906
Stock-based compensation, net		$ 676	123,238		(18,061)
Foreign currency translation and other				226,615
Defined benefit pension plans				34,538
Derivative financial instruments				(134,586)
Balance (in shares) at Sep. 30, 2017		394,502,698
Balance at Sep. 30, 2017	3,937,420	$ 98,626	3,456,661	(914,896)	1,297,029
Balance at Jul. 01, 2017				(930,597)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	386,140
Balance (in shares) at Sep. 30, 2017		394,502,698
Balance at Sep. 30, 2017	$ 3,937,420	$ 98,626	$ 3,456,661	$ (914,896)	$ 1,297,029

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation VF 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 December 31 of each year. For presentation purposes herein, all references to periods ended September 2017 , December 2016 and September 2016 relate to the fiscal periods ended on September 30, 2017 , December 31, 2016 and October 1, 2016 , respectively. During the first quarter of 2017, the Company approved a change in fiscal year end to the Saturday closest to March 31 from the Saturday closest to December 31. Accordingly, the Company’s 2017 fiscal year will end as planned on December 30, 2017, followed by a three-month transition period from December 31, 2017 through March 31, 2018. The Company’s next fiscal year will run from April 1, 2018 through March 30, 2019 (“fiscal 2019”). On April 28, 2017, VF completed the sale of its Licensed Sports Group (“LSG”) business. As a result, VF reported the operating results for this business in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Income for all periods presented. In addition, the related assets and liabilities have been reported as assets and liabilities of discontinued operations in the Consolidated Balance Sheets through the date of sale. In conjunction with the LSG divestiture, VF executed its plan to entirely exit the licensing business and has included the JanSport ® brand collegiate business as discontinued operations in our Consolidated Statements of Income and Consolidated Balance Sheets for all periods presented. In addition, VF completed the sale of its Contemporary Brands coalition on August 26, 2016, and has reported the operating results for this business in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Income for the three and nine months ended September 2016. Unless otherwise noted, discussion within these notes to the consolidated financial statements relates to continuing operations. Refer to Note C for additional information on discontinued operations. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X and do not include all of the information and notes required by generally accepted accounting principles in the United States of America (“GAAP”) for complete financial statements. Similarly, the December 2016 condensed consolidated balance sheet was derived from audited financial statements but does not include all disclosures required by GAAP. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all normal and recurring adjustments necessary to fairly state the consolidated financial position, results of operations and cash flows of VF for the interim periods presented. Operating results for the three and nine months ended September 2017 are not necessarily indicative of results that may be expected for any other interim period or for the year ending December 30, 2017 . For further information, refer to the consolidated financial statements and notes included in VF’s Annual Report on Form 10-K for the year ended December 2016 (“ 2016 Form 10-K”).

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Acquisition	Acquisition On August 11, 2017, VF entered into a definitive merger agreement to acquire 100% of the outstanding shares of Williamson-Dickie Mfg. Co. (“Williamson-Dickie”). The acquisition was completed on October 2, 2017 for $800.7 million in cash, subject to working capital and other adjustments. The purchase price was primarily funded with short-term borrowings. Williamson-Dickie is a privately held company based in Ft. Worth, TX, and is one of the largest companies in the workwear sector with a portfolio of brands including Dickies ® , Workrite ® , Kodiak ® , Terra ® and Walls ® . The Company believes the acquisition brings together complementary assets and capabilities, and creates a workwear business that will now serve an even broader set of consumers and industries around the world. The Company is still in the process of aligning accounting policies and valuing the assets acquired and liabilities assumed, and as such, certain disclosures regarding this transaction have not been included herein. The Company recognized $4.9 million of transaction and deal-related expenses in the three and nine months ended September 2017.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations The Company continuously assesses the composition of our portfolio to ensure it is aligned with our strategic objectives and positioned to maximize growth and return to our shareholders. Divestiture of the Licensing Business On April 28, 2017, VF completed the sale of LSG to Fanatics, Inc. The Company received net proceeds of $213.5 million and recorded an after-tax loss on sale of $4.1 million , which is included in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Income for the first nine months of 2017. The final adjustment to the after-tax loss on sale was $0.3 million in the third quarter of 2017. LSG included the Majestic ® brand, which supplied apparel and fanware through licensing agreements with U.S. and international professional sports leagues and teams, and was previously included within our Imagewear coalition. Under the terms of the transition services agreement, the Company is providing certain support services for periods ranging from three to 24 months from the closing date of the transaction. Revenue and expense items associated with the transition services are primarily recorded in the Imagewear coalition. Beginning in the first quarter of 2017, VF reported the results of LSG in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Income; accordingly, the results have been excluded from continuing operations and segment results for all periods presented. The LSG results, including the loss on sale, recorded in the income (loss) from discontinued operations, net of tax line item were income of $0.3 million and losses of $4.6 million for the third quarter and first nine months of 2017 , respectively, and income of $18.1 million and $45.1 million for the third quarter and first nine months of 2016, respectively. Prior to the sale, the related assets and liabilities of LSG were reported as assets and liabilities of discontinued operations in the Consolidated Balance Sheets. In conjunction with the LSG divestiture, VF executed its plan to entirely exit all of its licensing businesses, and has classified the assets of the JanSport ® brand collegiate business as held-for-sale in VF’s Consolidated Balance Sheets for all periods presented. The assets of the JanSport ® brand collegiate business are recorded at their fair value of $0.3 million at September 2017. Management determined that the expected sale of the JanSport ® brand collegiate business met the criteria for presentation as discontinued operations in the first quarter of 2017. Accordingly, the results of the JanSport ® brand collegiate business have been presented as discontinued operations in VF’s Consolidated Statements of Income beginning in the first quarter of 2017, and thus have been excluded from continuing operations and segment results for all periods presented. The JanSport ® brand collegiate results, including the estimated loss on sale, recorded in the income (loss) from discontinued operations, net of tax line item were losses of $0.9 million and $6.5 million for the third quarter and first nine months of 2017 , respectively, and losses of $0.3 million and $0.6 million for the third quarter and first nine months of 2016, respectively. The JanSport ® brand collegiate business was previously included within our Outdoor & Action Sports coalition. Certain corporate overhead and other costs previously allocated to the licensing business for segment reporting purposes do not qualify for classification within discontinued operations and have been reallocated to continuing operations. Divestiture of the Contemporary Brands Coalition On August 26, 2016 , VF completed the sale of its Contemporary Brands coalition to Delta Galil Industries, Ltd. for $116.9 million . The Contemporary Brands coalition included the businesses of the 7 For All Mankind ® , Splendid ® and Ella Moss ® brands (the “Businesses”) and was previously disclosed as a separate reportable segment of VF. The transaction resulted in an after-tax loss on sale of $104.4 million which was included in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Income for the first nine months of 2016. The after-tax loss on sale included in the income (loss) from discontinued operations, net of tax line item for the third quarter of 2016 was $3.8 million . VF reported the results of the Businesses as discontinued operations for the third quarter and first nine months of 2016 and excluded them from continuing operations and segment results. The results of the Businesses, including the loss on sale, recorded in the income (loss) from discontinued operations, net of tax line item for the third quarter and first nine months of 2016 were losses of $4.5 million and $98.4 million , respectively. VF provided certain support services under transition services agreements and completed these services during the third quarter of 2017. These services did not have a material impact on VF’s Consolidated Statement of Income for the nine months ended September 2017. Summarized Discontinued Operations Financial Information The following table summarizes the major line items included in the income (loss) from discontinued operations for the divestitures of the licensing business and Contemporary Brands coalition: Three Months Ended September Nine Months Ended September In thousands 2017 2016 2017 2016 Revenues $ 6,498 $ 203,696 $ 160,323 $ 603,651 Cost of goods sold 6,580 127,876 121,172 362,215 Selling, general and administrative expenses 1,341 51,714 36,059 173,574 Interest expense, net (1 ) (21 ) (26 ) (183 ) Other income (expense), net — 7 — 3 Income (loss) from discontinued operations before income taxes (1,424 ) 24,092 3,066 67,682 Gain (loss) on the sale of discontinued operations before income taxes 411 (4,439 ) (9,506 ) (154,275 ) Total income (loss) from discontinued operations before income taxes (1,013 ) 19,653 (6,440 ) (86,593 ) Income tax (expense) benefit (a) 389 (6,388 ) (4,676 ) 32,714 Income (loss) from discontinued operations, net of tax $ (624 ) $ 13,265 $ (11,116 ) $ (53,879 ) (a) Income tax (expense) benefit for the nine months ended September 2017 includes $8.6 million of deferred tax expense related to GAAP and tax basis differences for LSG. The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations for each of the periods presented. In thousands September 2017 December 2016 September 2016 Accounts receivable, net $ — $ 36,285 $ 48,768 Inventories — 98,025 102,450 Other current assets — 1,535 2,009 Property, plant and equipment, net 315 13,640 14,297 Intangible assets — 42,427 44,833 Goodwill — 28,636 28,636 Other assets — 692 770 Total assets of discontinued operations (a) $ 315 $ 221,240 $ 241,763 Accounts payable $ — $ 21,674 $ 15,318 Accrued liabilities — 13,531 9,765 Other liabilities — 791 801 Deferred income tax liabilities (b) — (4,081 ) (4,140 ) Total liabilities of discontinued operations (a) $ — $ 31,915 $ 21,744 (a) Amounts at December 2016 and September 2016 have been classified as current and long-term in the Consolidated Balance Sheets. (b) Deferred income tax balances reflect VF’s consolidated netting by jurisdiction. The cash flows related to discontinued operations have not been segregated, and are included in the Consolidated Statements of Cash Flows. There were no significant capital expenditures and operating noncash items for any periods presented. Depreciation and amortization expense was $3.0 million and $10.9 million for the nine months ended September 2017 and 2016, respectively.

Sale of Accounts Receivable

Sale of Accounts Receivable	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Sale of Accounts Receivable	Sale of Accounts Receivable VF has an agreement with a financial institution to sell selected trade accounts receivable on a recurring, nonrecourse basis. Under the agreement, up to $367.5 million of VF’s accounts receivable may be sold to the financial institution and remain outstanding at any point in time. VF removes the accounts receivable from the Consolidated Balance Sheets at the time of sale. VF does not retain any interests in the sold accounts receivable but continues to service and collect outstanding accounts receivable on behalf of the financial institution. During the first nine months of 2017 , VF sold total accounts receivable of $871.6 million . As of September 2017 , December 2016 and September 2016 , $191.4 million , $209.5 million and $212.3 million , respectively, of the sold accounts receivable had been removed from the Consolidated Balance Sheets but remained outstanding with the financial institution. The funding fee charged by the financial institution is included in the other income (expense), net line item in the Consolidated Statements of Income, and was $0.8 million and $2.7 million for the third quarter and first nine months of 2017, respectively, and $0.8 million and $2.5 million for the third quarter and first nine months of 2016 , respectively. Net proceeds of this program are classified in operating activities in the Consolidated Statements of Cash Flows.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories In thousands September 2017 December 2016 September 2016 Finished products $ 1,717,516 $ 1,278,504 $ 1,706,612 Work-in-process 106,120 97,725 96,727 Raw materials 85,927 95,071 94,207 Total inventories $ 1,909,563 $ 1,471,300 $ 1,897,546

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets September 2017 December 2016 In thousands Weighted Average Amortization Period Amortization Method Cost Accumulated Amortization Net Carrying Amount Net Carrying Amount Amortizable intangible assets: Customer relationships 20 years Accelerated $ 265,725 $ 134,246 $ 131,479 $ 128,422 License agreements 28 years Accelerated 109,370 62,278 47,092 49,682 Trademark 16 years Straight-line 58,132 6,358 51,774 54,499 Other 9 years Straight-line 9,658 3,846 5,812 3,297 Amortizable intangible assets, net 236,157 235,900 Indefinite-lived intangible assets: Trademarks and trade names 1,700,365 1,561,371 Intangible assets, net $ 1,936,522 $ 1,797,271 Amortization expense for the third quarter and first nine months of 2017 was $5.6 million and $16.3 million , respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five 12-month periods beginning in 2017 is $21.9 million , $21.9 million , $21.3 million , $20.4 million and $19.4 million , respectively.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill Changes in goodwill are summarized by business segment as follows: In thousands Outdoor & Action Sports Jeanswear Imagewear Sportswear Total Balance, December 2016 $ 1,310,133 $ 210,765 $ 30,111 $ 157,314 $ 1,708,323 Impairment charge — — — (104,651 ) (104,651 ) Currency translation 32,260 6,941 — — 39,201 Balance, September 2017 $ 1,342,393 $ 217,706 $ 30,111 $ 52,663 $ 1,642,873 During the third quarter of 2017, VF performed an interim impairment analysis of the Nautica ® reporting unit and recorded an impairment charge of $104.7 million . Nautica ® is part of the Sportswear coalition. Refer to Note N for additional information on fair value measurements. As of September 2017, accumulated impairment charges for the Outdoor & Action Sports and Sportswear coalitions were $82.7 million and $163.2 million , respectively. As of December 2016, accumulated impairment charges for the Outdoor & Action Sports and Sportswear coalitions were $82.7 million and $58.5 million , respectively.

Pension Plans

Pension Plans	9 Months Ended
	Sep. 30, 2017
Compensation and Retirement Disclosure [Abstract]
Pension Plans	Pension Plans The components of pension cost for VF’s defined benefit plans were as follows: Three Months Ended September Nine Months Ended September In thousands 2017 2016 2017 2016 Service cost – benefits earned during the period $ 6,202 $ 6,478 $ 18,733 $ 19,434 Interest cost on projected benefit obligations 14,730 16,991 44,254 51,066 Expected return on plan assets (23,825 ) (24,869 ) (70,977 ) (74,714 ) Amortization of deferred amounts: Net deferred actuarial losses 10,030 16,303 31,414 48,928 Deferred prior service costs 643 645 2,000 1,937 Net periodic pension cost $ 7,780 $ 15,548 $ 25,424 $ 46,651 VF contributed $7.8 million to its defined benefit plans during the first nine months of 2017 , and intends to make approximately $7.2 million of additional contributions during the remainder of 2017 . In conjunction with the sale of the licensing business, the Company recognized a $1.1 million pension curtailment loss in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statement of Income in the first nine months of 2017.

Capital and Accumulated Other C

Capital and Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Capital and Accumulated Other Comprehensive Loss	Capital and Accumulated Other Comprehensive Loss During the first nine months of 2017 , the Company purchased 22.2 million shares of Common Stock in open market transactions for $1.2 billion under its share repurchase program authorized by VF’s Board of Directors. These transactions were treated as treasury stock transactions. Common Stock outstanding is net of shares held in treasury which are, in substance, retired. During the first nine months of 2017 , VF restored 22.3 million treasury shares to an unissued status, after which they were no longer recognized as shares held in treasury. There were no shares held in treasury at the end of September 2017 or December 2016 , and 2,600 shares held in treasury at the end of September 2016 . The excess of the cost of treasury shares acquired over the $0.25 per share stated value of Common Stock is deducted from retained earnings. VF Common Stock is also held by the Company’s deferred compensation plans and is treated as treasury shares for financial reporting purposes. During the first nine months of 2017 , the Company purchased 6,540 shares of Common Stock in open market transactions for $0.4 million . Balances related to shares held for deferred compensation plans were as follows: In thousands, except share amounts September 2017 December 2016 September 2016 Shares held for deferred compensation plans 320,615 439,667 450,067 Cost of shares held for deferred compensation plans $ 3,973 $ 5,464 $ 5,434 Accumulated Other Comprehensive Loss Comprehensive income consists of net income and specified components of other comprehensive income (“OCI”), which relates to changes in assets and liabilities that are not included in net income under GAAP but are instead deferred and accumulated within a separate component of stockholders’ equity in the balance sheet. VF’s comprehensive income is presented in the Consolidated Statements of Comprehensive Income. The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows: In thousands September 2017 December 2016 September 2016 Foreign currency translation and other $ (567,964 ) $ (794,579 ) $ (670,551 ) Defined benefit pension plans (268,159 ) (302,697 ) (340,891 ) Derivative financial instruments (78,773 ) 55,813 13,422 Accumulated other comprehensive loss $ (914,896 ) $ (1,041,463 ) $ (998,020 ) The changes in accumulated OCI, net of related taxes, are as follows: Three Months Ended September 2017 In thousands Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, June 2017 $ (633,209 ) $ (275,089 ) $ (22,299 ) $ (930,597 ) Other comprehensive income (loss) before reclassifications 65,245 — (51,826 ) 13,419 Amounts reclassified from accumulated other comprehensive income (loss) — 6,930 (4,648 ) 2,282 Net other comprehensive income (loss) 65,245 6,930 (56,474 ) 15,701 Balance, September 2017 $ (567,964 ) $ (268,159 ) $ (78,773 ) $ (914,896 ) Three Months Ended September 2016 In thousands Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, June 2016 $ (675,213 ) $ (351,298 ) $ 25,056 $ (1,001,455 ) Other comprehensive income (loss) before reclassifications 4,662 — 5,896 10,558 Amounts reclassified from accumulated other comprehensive income (loss) — 10,407 (17,530 ) (7,123 ) Net other comprehensive income (loss) 4,662 10,407 (11,634 ) 3,435 Balance, September 2016 $ (670,551 ) $ (340,891 ) $ 13,422 $ (998,020 ) Nine Months Ended September 2017 In thousands Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, December 2016 $ (794,579 ) $ (302,697 ) $ 55,813 $ (1,041,463 ) Other comprehensive income (loss) before reclassifications 226,615 12,253 (107,836 ) 131,032 Amounts reclassified from accumulated other comprehensive income (loss) — 22,285 (26,750 ) (4,465 ) Net other comprehensive income (loss) 226,615 34,538 (134,586 ) 126,567 Balance, September 2017 $ (567,964 ) $ (268,159 ) $ (78,773 ) $ (914,896 ) Nine Months Ended September 2016 In thousands Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, December 2015 $ (718,169 ) $ (372,195 ) $ 47,142 $ (1,043,222 ) Other comprehensive income (loss) before reclassifications 47,618 — 20,331 67,949 Amounts reclassified from accumulated other comprehensive income (loss) — 31,304 (54,051 ) (22,747 ) Net other comprehensive income (loss) 47,618 31,304 (33,720 ) 45,202 Balance, September 2016 $ (670,551 ) $ (340,891 ) $ 13,422 $ (998,020 ) Reclassifications out of accumulated OCI are as follows: In thousands Affected Line Item in the Consolidated Statements of Income Three Months Ended September Nine Months Ended September Details About Accumulated Other Comprehensive Income (Loss) Components 2017 2016 2017 2016 Amortization of defined benefit pension plans: Net deferred actuarial losses (a) $ (10,030 ) $ (16,303 ) $ (31,414 ) $ (48,928 ) Deferred prior service costs (a) (643 ) (645 ) (2,000 ) (1,937 ) Pension curtailment loss Income (loss) from discontinued operations, net of tax — — (1,105 ) — Total before tax (10,673 ) (16,948 ) (34,519 ) (50,865 ) Tax benefit 3,743 6,541 12,234 19,561 Net of tax (6,930 ) (10,407 ) (22,285 ) (31,304 ) Gains (losses) on derivative financial instruments: Foreign exchange contracts Net sales 11,614 14,676 25,074 11,997 Foreign exchange contracts Cost of goods sold (4,164 ) 15,485 12,763 80,094 Foreign exchange contracts Selling, general and administrative expenses (882 ) (1,098 ) (1,212 ) (3,611 ) Foreign exchange contracts Other income (expense), net (774 ) 526 (688 ) 2,653 Interest rate contracts Interest expense (1,185 ) (1,131 ) (3,518 ) (3,356 ) Total before tax 4,609 28,458 32,419 87,777 Tax benefit (expense) 39 (10,928 ) (5,669 ) (33,726 ) Net of tax 4,648 17,530 26,750 54,051 Total reclassifications for the period Net of tax $ (2,282 ) $ 7,123 $ 4,465 $ 22,747 (a) These accumulated OCI components are included in the computation of net periodic pension cost (refer to Note H for additional details).

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	Stock-based Compensation During the first nine months of 2017 , VF granted stock options to employees and nonemployee members of VF’s Board of Directors to purchase 3,508,940 shares of its Common Stock at a weighted average exercise price of $53.68 per share. The exercise price of each option granted was equal to the fair market value of VF Common Stock on the date of grant. Employee stock options vest in equal annual installments over three years . Stock options granted to nonemployee members of VF’s Board of Directors become exercisable one year from the date of grant. The grant date fair value of each option award is calculated using a lattice option-pricing valuation model, which incorporates a range of assumptions for inputs as follows: 2017 Expected volatility 23% to 30% Weighted average expected volatility 24% Expected term (in years) 6.3 to 7.7 Weighted average dividend yield 2.8% Risk-free interest rate 0.7% to 2.4% Weighted average fair value at date of grant $9.90 Also during the first nine months of 2017 , VF granted 615,937 performance-based restricted stock units (“RSU”) to employees that enable them to receive shares of VF Common Stock at the end of a three -year period. Each performance-based RSU has a potential final payout ranging from zero to two shares of VF Common Stock. The number of shares earned by participants, if any, is based on achievement of a three -year baseline profitability goal and annually established performance goals set by the Compensation Committee of the Board of Directors. Shares are issued to participants in the year following the conclusion of each three -year performance period. The weighted average fair market value of VF Common Stock at the date the units were granted was $53.69 per share. The actual number of performance-based RSUs earned may also be adjusted upward or downward by 25% of the target award, based on how VF’s total shareholder return (“TSR”) over the three -year period compares to the TSR for companies included in the Standard & Poor’s 500 Index. The grant date fair value of the TSR-based adjustment related to the 2017 performance-based RSU grants was determined using a Monte Carlo simulation technique that incorporates option-pricing model inputs, and was $2.67 per share. VF granted 17,964 nonperformance-based RSUs to nonemployee members of the Board of Directors during the first quarter of 2017 . These units vest upon grant and will be settled in shares of VF Common Stock one year from the date of grant. The fair market value of VF Common Stock at the date the units were granted was $53.47 per share. VF granted 186,447 nonperformance-based RSUs to certain key employees in international jurisdictions during the first nine months of 2017 . These units vest over periods of up to four years from the date of grant and each unit entitles the holder to one share of VF Common Stock. The weighted average fair market value of VF Common Stock at the date the units were granted was $57.70 . VF granted 385,915 restricted shares of VF Common Stock to certain members of management during the first nine months of 2017 . These shares vest over periods of up to five years from the date of grant. The weighted average fair market value of VF Common Stock at the date the shares were granted was $55.74 per share.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective income tax rate for the first nine months of 2017 was 18.4% compared to 17.9% in the first nine months of 2016 . The first nine months of 2017 included a net discrete tax benefit of $14.4 million , which included a $12.5 million tax benefit related to stock compensation, $4.1 million of net tax benefits related to the realization of previously unrecognized tax benefits and interest, and $1.9 million of discrete tax expense related to the effects of tax rate changes. The $14.4 million net discrete tax benefit in 2017 reduced the effective income tax rate by 1.6% . The first nine months of 2016 included a net discrete tax benefit of $40.3 million , which included a $26.3 million tax benefit related to the early adoption of the accounting standards update on stock compensation, $15.6 million of net tax benefits related to the realization of previously unrecognized tax benefits and interest, and $4.1 million of discrete tax expense related to the effects of tax rate changes. The $40.3 million net discrete tax benefit in 2016 reduced the effective income tax rate by 3.8% . Without discrete items, the effective income tax rate for the first nine months of 2017 decreased by 1.7% compared with the 2016 period primarily due to a higher percentage of income in lower tax rate jurisdictions and the impact of early adopting the accounting standards update regarding intra-entity asset transfers, partially offset by the impact of goodwill impairment recorded in the quarter. VF files a consolidated U.S. federal income tax return, as well as separate and combined income tax returns in numerous state and international jurisdictions. In the U.S., the Internal Revenue Service (“IRS”) examinations for tax years through 2012 have been effectively settled. The examination of Timberland’s 2011 tax return is ongoing. The IRS has proposed material adjustments to Timberland’s 2011 tax return that would significantly impact the timing of cash tax payments and assessment of interest charges. The Company has formally disagreed with the proposed adjustments. During 2015, VF filed a petition to the U.S. Tax Court to begin the process of resolving this matter, but it has not yet reached a resolution. In addition, VF is currently subject to examination by various state and international tax authorities. Management regularly assesses the potential outcomes of both ongoing and future examinations for the current and prior years, and has concluded that VF’s provision for income taxes is adequate. The outcome of any one examination is not expected to have a material impact on VF’s consolidated financial statements. Management believes that some of these audits and negotiations will conclude during the next 12 months . VF was granted a ruling which lowered the effective income tax rate on taxable earnings for years 2010 through 2014 under Belgium’s excess profit tax regime. In February 2015, the European Union Commission (“EU”) opened a state aid investigation into Belgium’s rulings. On January 11, 2016, the EU announced its decision that these rulings were illegal and ordered that tax benefits granted under these rulings should be collected from the affected companies, including VF. On March 22, 2016, the Belgium government filed an appeal seeking annulment of the EU decision. Additionally, on June 21, 2016, VF Europe BVBA filed its own application for annulment of the EU decision. Both of the listed requests for annulment remain open and unresolved. On December 22, 2016, Belgium adopted a law which entitled the Belgium tax authorities to issue tax assessments, and demand timely payments from companies which benefited from the excess profits regime. On January 10, 2017, VF Europe BVBA received an assessment for €31.9 million tax and interest related to excess profits benefits received in prior years. VF Europe BVBA remitted €31.9 million ( $33.9 million ) on January 13, 2017, which was recorded as an income tax receivable based on the expected success of the aforementioned requests for annulment. If this matter is adversely resolved, these amounts will not be collected by VF. During the first nine months of 2017 , the amount of net unrecognized tax benefits and associated interest increased by $2.6 million to $153.1 million . Management believes that it is reasonably possible that the amount of unrecognized income tax benefits and interest may decrease during the next 12 months by approximately $19.1 million related to the completion of examinations and other settlements with tax authorities and the expiration of statutes of limitations, of which $16.9 million would reduce income tax expense.

Business Segment Information

Business Segment Information	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information VF’s businesses are grouped into product categories, and by brands within those product categories, for internal financial reporting used by management. These groupings of businesses within VF are referred to as “coalitions” and are the basis for VF’s reportable segments. Financial information for VF’s reportable segments is as follows: Three Months Ended September Nine Months Ended September In thousands 2017 2016 2017 2016 Coalition revenues: Outdoor & Action Sports $ 2,502,590 $ 2,326,436 $ 5,647,587 $ 5,378,272 Jeanswear 697,701 701,416 1,945,950 2,041,186 Imagewear 138,885 127,992 423,859 404,633 Sportswear 140,272 140,705 352,848 373,977 Other 29,370 31,167 79,832 84,531 Total coalition revenues $ 3,508,818 $ 3,327,716 $ 8,450,076 $ 8,282,599 Coalition profit: (a) Outdoor & Action Sports $ 524,489 $ 491,015 $ 877,206 $ 842,378 Jeanswear 121,218 142,427 323,994 388,564 Imagewear 22,377 23,981 72,349 74,497 Sportswear 17,488 15,080 27,764 26,156 Other (737 ) (341 ) (3,225 ) (3,523 ) Total coalition profit 684,835 672,162 1,298,088 1,328,072 Impairment of goodwill (b) (104,651 ) — (104,651 ) — Corporate and other expenses (a) (96,567 ) (65,012 ) (252,044 ) (211,910 ) Interest expense, net (22,537 ) (22,568 ) (63,332 ) (63,982 ) Income from continuing operations before income taxes $ 461,080 $ 584,582 $ 878,061 $ 1,052,180 (a) Certain corporate overhead and other costs of $6.0 million and $18.2 million for the three and nine -month periods ended September 2016, respectively, previously allocated to the Imagewear and Outdoor & Action Sports coalitions for segment reporting purposes, have been reallocated to continuing operations as discussed in Note C. (b) Represents goodwill impairment charge in 2017 related to the Sportswear coalition as discussed in Notes G and N. The impairment charge was excluded from the profit of the Sportswear coalition since it is not part of the ongoing operations of the business.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Three Months Ended September Nine Months Ended September In thousands, except per share amounts 2017 2016 2017 2016 Earnings per share – basic: Income from continuing operations $ 386,764 $ 485,224 $ 716,308 $ 863,652 Weighted average common shares outstanding 393,258 413,461 400,771 417,067 Earnings per share from continuing operations $ 0.98 $ 1.17 $ 1.79 $ 2.07 Earnings per share – diluted: Income from continuing operations $ 386,764 $ 485,224 $ 716,308 $ 863,652 Weighted average common shares outstanding 393,258 413,461 400,771 417,067 Incremental shares from stock options and other dilutive securities 4,126 5,779 3,848 6,410 Adjusted weighted average common shares outstanding 397,384 419,240 404,619 423,477 Earnings per share from continuing operations $ 0.97 $ 1.16 $ 1.77 $ 2.04 Outstanding options to purchase 4.9 million and 8.6 million shares of Common Stock were excluded from the calculations of diluted earnings per share for the three and nine -month periods ended September 2017 , respectively, and options to purchase 5.2 million and 5.3 million shares were excluded from the calculations of diluted earnings per share for the three and nine -month periods ended September 2016 , respectively, because the effect of their inclusion would have been antidilutive to those periods. In addition, 1.1 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for both the three and nine -month periods ended September 2017 , and 1.0 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for both the three and nine -month periods ended September 2016 because these units were not considered to be contingent outstanding shares in those periods.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Financial assets and financial liabilities measured and reported at fair value are classified in a three-level hierarchy that prioritizes the inputs used in the valuation process. A financial instrument’s categorization within the valuation hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The hierarchy is based on the observability and objectivity of the pricing inputs, as follows: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Significant directly observable data (other than Level 1 quoted prices) or significant indirectly observable data through corroboration with observable market data. Inputs would normally be (i) quoted prices in active markets for similar assets or liabilities, (ii) quoted prices in inactive markets for identical or similar assets or liabilities or (iii) information derived from or corroborated by observable market data. • Level 3 — Prices or valuation techniques that require significant unobservable data inputs. These inputs would normally be VF’s own data and judgments about assumptions that market participants would use in pricing the asset or liability. The following table summarizes financial assets and financial liabilities that are measured and recorded in the consolidated financial statements at fair value on a recurring basis: Total Fair Value Fair Value Measurement Using (a) In thousands Level 1 Level 2 Level 3 September 2017 Financial assets: Cash equivalents: Money market funds $ 405,045 $ 405,045 $ — $ — Time deposits 8,307 8,307 — — Derivative financial instruments 26,658 — 26,658 — Investment securities 202,721 189,744 12,977 — Financial liabilities: Derivative financial instruments 89,212 — 89,212 — Deferred compensation 233,151 — 233,151 — December 2016 Financial assets: Cash equivalents: Money market funds $ 840,842 $ 840,842 $ — $ — Time deposits 14,774 14,774 — — Derivative financial instruments 103,340 — 103,340 — Investment securities 196,738 179,673 17,065 — Financial liabilities: Derivative financial instruments 25,574 — 25,574 — Deferred compensation 232,214 — 232,214 — (a) There were no transfers among the levels within the fair value hierarchy during the first nine months of 2017 or the year ended December 2016 . VF’s cash equivalents include money market funds and short-term time deposits that approximate fair value based on Level 1 measurements. The fair value of derivative financial instruments, which consist of forward foreign currency exchange contracts, is determined based on observable market inputs (Level 2), including spot and forward exchange rates for foreign currencies, and considers the credit risk of the Company and its counterparties. Investment securities are held in VF’s deferred compensation plans as an economic hedge of the related deferred compensation liabilities. These investments are classified as trading securities and primarily include mutual funds (Level 1) that are valued based on quoted prices in active markets and a separately managed fixed-income fund (Level 2) with underlying investments that are valued based on quoted prices for similar assets in active markets or quoted prices in inactive markets for identical assets. Liabilities related to VF’s deferred compensation plans are recorded at amounts due to participants, based on the fair value of the participants’ selection of hypothetical investments. All other financial assets and financial liabilities are recorded in the consolidated financial statements at cost, except life insurance contracts which are recorded at cash surrender value. These other financial assets and financial liabilities include cash held as demand deposits, accounts receivable, short-term borrowings, accounts payable and accrued liabilities. At September 2017 and December 2016 , their carrying values approximated their fair values. Additionally, at September 2017 and December 2016 , the carrying values of VF’s long-term debt, including the current portion, were $2,398.1 million and $2,292.9 million , respectively, compared with fair values of $2,614.6 million and $2,486.6 million at those respective dates. Fair value for long-term debt is a Level 2 estimate based on quoted market prices or values of comparable borrowings. Nonrecurring Fair Value Measurements Certain non-financial assets, primarily property, plant and equipment, goodwill and intangible assets, are not required to be measured at fair value on a recurring basis and are reported at carrying value. However, these assets are required to be assessed for impairment whenever events or circumstances indicate that their carrying value may not be fully recoverable, and at least annually for goodwill and indefinite-lived intangible assets. In the event an impairment is required, the asset is adjusted to estimated fair value, using market-based assumptions. The Company recorded $8.6 million of fixed asset impairments in the third quarter and first nine months of 2017, and the charges are recorded in the selling, general and administrative expenses line item in the Consolidated Statements of Income. There were no significant impairment charges related to property, plant and equipment in the third quarter and first nine months of 2016. Subsequent to our annual impairment testing completed in the fourth quarter of 2016, the Company continued to monitor the actual performance of the Nautica ® brand reporting unit and determined that there were no triggering events in the first and second quarters of fiscal 2017. On August 26, 2017, management commenced a strategic assessment of the Nautica ® brand which was considered a triggering event for the reporting unit and trademark intangible asset. The Nautica ® brand was acquired in 2003 and sells sportswear in the U.S. through department stores, specialty stores, VF-operated stores and online. It also has significant global licensing arrangements. The Nautica ® brand is part of the Sportswear coalition and represents substantially all of the coalition’s goodwill value. As part of the 2009 annual impairment analysis,VF recorded an impairment charge of $58.5 million to write the goodwill down to its estimated fair value. The remaining book values of the goodwill and trademark intangible asset at the 2017 testing date were $153.7 million and $217.4 million , respectively. The impairment testing of goodwill and the trademark intangible asset utilized significant unobservable inputs (Level 3) to determine the estimated fair value. As a result of the interim impairment testing performed, VF recognized a goodwill impairment charge of $104.7 million in the Consolidated Statements of Income for the three and nine months ended September 2017. VF early adopted the recently issued accounting guidance that simplifies the subsequent measurement of goodwill and calculated the impairment charge as the difference between the carrying value of the reporting unit and the estimated fair value. The estimated fair value of the trademark intangible asset exceeded its carrying value by a substantial amount and thus the asset was not impaired. The estimated fair value of the Nautica ® reporting unit for goodwill impairment testing was determined using a combination of two valuation methods: an income approach and a market approach. The income approach was based on projected future (debt-free) cash flows that were discounted to present value and assumed a terminal growth value. The discount rate was based on the reporting unit’s weighted average cost of capital (“WACC”) that takes market participant assumptions into consideration. For the market approach, management used both the guideline company and similar transaction methods. The guideline company method analyzed market multiples of revenues and earnings before interest, taxes, depreciation and amortization (“EBITDA”) for a group of comparable public companies. The market multiples used in the valuation were based on the relative strengths and weaknesses of the reporting unit compared to the selected guideline companies. Under the similar transactions method, valuation multiples were calculated utilizing actual transaction prices and revenue/EBITDA data from target companies deemed similar to the reporting unit. Management used the income-based relief-from-royalty method to value the Nautica ® trademark intangible asset. Under this method, revenues expected to be generated by the trademark were multiplied by a selected royalty rate. The royalty rate was selected based on consideration of i) royalty rates included in active license agreements, ii) royalty rates received by market participants in the apparel industry, and iii) the current performance of the reporting unit. The estimated after-tax royalty revenue stream was then discounted to present value using the reporting unit’s WACC plus a spread that factors in the risk of the intangible asset. Management’s revenue and profitability forecasts used in the Nautica ® reporting unit and intangible asset valuations considered recent and historical Nautica ® performance, strategic initiatives for the Nautica ® reporting unit and industry trends. Assumptions used in the valuations were similar to those that would be used by market participants performing independent valuations of these businesses. Key assumptions developed by VF management and used in the quantitative analysis include: • Near-term revenue declines with later-term improvements over the projection period. • Improved profitability over the projection period, trending consistent with revenues. • Royalty rates based on active license agreements of the brand. • Market-based discount rates. It is possible VF’s conclusions regarding impairment of the Nautica ® reporting unit goodwill or trademark intangible asset could change in future periods. There can be no assurance the estimates and assumptions used in our goodwill and intangible asset impairment testing performed in the third quarter of 2017 will prove to be accurate predictions of the future. For example, variations in our assumptions related to discount rates, comparable company market approach inputs, business performance and execution of planned growth strategies could impact future conclusions. A future impairment charge for goodwill or intangible assets could have a material effect on VF’s consolidated financial position and results of operations.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Hedging Activities	Derivative Financial Instruments and Hedging Activities Summary of Derivative Financial Instruments All of VF’s outstanding derivative financial instruments are forward foreign currency exchange contracts. Although derivatives meet the criteria for hedge accounting at the inception of the hedging relationship, a limited number of derivative contracts intended to hedge assets and liabilities are not designated as hedges for accounting purposes. The notional amounts of outstanding derivative contracts were $2.4 billion at September 2017 , and $2.2 billion at both December 2016 and September 2016 , consisting primarily of contracts hedging exposures to the euro, British pound, Canadian dollar, Swiss franc, Mexican peso, Swedish krona, Japanese yen, Polish zloty and Turkish lira. Derivative contracts have maturities up to 20 months . The following table presents outstanding derivatives on an individual contract basis: Fair Value of Derivatives with Unrealized Gains Fair Value of Derivatives with Unrealized Losses In thousands September 2017 December 2016 September 2016 September 2017 December 2016 September 2016 Foreign currency exchange contracts designated as hedging instruments $ 26,451 $ 103,340 $ 75,497 $ (88,593 ) $ (25,292 ) $ (31,996 ) Foreign currency exchange contracts not designated as hedging instruments 207 — — (619 ) (282 ) (185 ) Total derivatives $ 26,658 $ 103,340 $ 75,497 $ (89,212 ) $ (25,574 ) $ (32,181 ) VF records and presents the fair values of all of its derivative assets and liabilities in the Consolidated Balance Sheets on a gross basis, even though they are subject to master netting agreements. If VF were to offset and record the asset and liability balances of its forward foreign currency exchange contracts on a net basis in accordance with the terms of its master netting agreements, the amounts presented in the Consolidated Balance Sheets would be adjusted from the current gross presentation to the net amounts as detailed in the following table: September 2017 December 2016 September 2016 In thousands Derivative Asset Derivative Liability Derivative Asset Derivative Liability Derivative Asset Derivative Liability Gross amounts presented in the Consolidated Balance Sheets $ 26,658 $ (89,212 ) $ 103,340 $ (25,574 ) $ 75,497 $ (32,181 ) Gross amounts not offset in the Consolidated Balance Sheets (26,001 ) 26,001 (22,341 ) 22,341 (19,328 ) 19,328 Net amounts $ 657 $ (63,211 ) $ 80,999 $ (3,233 ) $ 56,169 $ (12,853 ) Derivatives are classified as current or noncurrent based on maturity dates, as follows: In thousands September 2017 December 2016 September 2016 Other current assets $ 23,387 $ 84,519 $ 66,231 Accrued liabilities (75,266 ) (18,574 ) (28,852 ) Other assets 3,271 18,821 9,266 Other liabilities (13,946 ) (7,000 ) (3,329 ) Cash Flow Hedges VF uses derivative contracts primarily to hedge a portion of the exchange risk for its forecasted sales, purchases, production costs, operating costs and intercompany royalties. The effects of cash flow hedging included in VF’s Consolidated Statements of Income and Consolidated Statements of Comprehensive Income are summarized as follows: In thousands Gain (Loss) on Derivatives Recognized in OCI Three Months Ended September Gain (Loss) on Derivatives Recognized in OCI Nine Months Ended September Cash Flow Hedging Relationships 2017 2016 2017 2016 Foreign currency exchange $ (51,147 ) $ 9,571 $ (117,580 ) $ 32,837 In thousands Gain (Loss) Reclassified from Accumulated OCI into Income Three Months Ended September Gain (Loss) Reclassified from Accumulated OCI into Income Nine Months Ended September Location of Gain (Loss) 2017 2016 2017 2016 Net sales $ 11,614 $ 14,676 $ 25,074 $ 11,997 Cost of goods sold (4,164 ) 15,485 12,763 80,094 Selling, general and administrative expenses (882 ) (1,098 ) (1,212 ) (3,611 ) Other income (expense), net (774 ) 526 (688 ) 2,653 Interest expense (1,185 ) (1,131 ) (3,518 ) (3,356 ) Total $ 4,609 $ 28,458 $ 32,419 $ 87,777 Derivative Contracts Not Designated as Hedges VF uses derivative contracts to manage foreign currency exchange risk on third-party accounts receivable and payable, as well as intercompany borrowings. These contracts are not designated as hedges and are recorded at fair value in the Consolidated Balance Sheets. Changes in the fair values of these instruments are recognized directly in earnings. Gains or losses on these contracts largely offset the net transaction gains or losses on the related assets and liabilities. Following is a summary of these derivatives included in VF’s Consolidated Statements of Income: In thousands Derivatives Not Designated as Hedges Location of Gain (Loss) on Derivatives Recognized in Income Gain (Loss) on Derivatives Recognized in Income Three Months Ended September Gain (Loss) on Derivatives Recognized in Income Nine Months Ended September 2017 2016 2017 2016 Foreign currency exchange Cost of goods sold $ (927 ) $ (510 ) $ (294 ) $ 225 Foreign currency exchange Other income (expense), net (339 ) (110 ) (2,078 ) (1,196 ) Total $ (1,266 ) $ (620 ) $ (2,372 ) $ (971 ) Other Derivative Information There were no significant amounts recognized in earnings for the ineffective portion of any hedging relationships during the three and nine -month periods ended September 2017 and September 2016 . At September 2017 , accumulated OCI included $42.8 million of pre-tax net deferred losses for foreign currency exchange contracts that are expected to be reclassified to earnings during the next 12 months . The amounts ultimately reclassified to earnings will depend on exchange rates in effect when outstanding derivative contracts are settled. VF entered into interest rate swap derivative contracts in 2011 and 2003 to hedge the interest rate risk for issuance of long-term debt due in 2021 and 2033 , respectively. In each case, the contracts were terminated concurrent with the issuance of the debt, and the realized gain or loss was deferred in accumulated OCI. The remaining pre-tax net deferred loss in accumulated OCI was $19.2 million at September 2017 , which will be reclassified into interest expense in the Consolidated Statements of Income over the remaining terms of the associated debt instruments. VF reclassified $1.2 million and $3.5 million of net deferred losses from accumulated OCI into interest expense for the three and nine -month periods ended September 2017 , respectively, and $1.1 million and $3.4 million for the three and nine -month periods ended September 2016 , respectively. VF expects to reclassify $4.9 million to interest expense during the next 12 months . Net Investment Hedge The Company has designated its €850.0 million of euro-denominated fixed-rate notes as a net investment hedge of VF’s investment in certain foreign operations. Because this debt qualified as a nonderivative hedging instrument, foreign currency transaction gains or losses of the debt are deferred in the foreign currency translation and other component of accumulated OCI as an offset to the foreign currency translation adjustments on the hedged investments. The net investment hedge was initiated in September 2016 and there were no significant amounts recognized in accumulated OCI during the third quarter of 2016. During the three and nine -month periods ended September 2017 , the Company recognized an after-tax loss of $20.4 million and $65.5 million , respectively, in OCI related to the net investment hedge. Any amounts deferred in accumulated OCI will remain until the hedged investment is sold or substantially liquidated. The Company recorded no ineffectiveness from its net investment hedge during the three and nine -month periods ended September 2017 and the three and nine-month periods ended September 2016.

Recently Adopted and Issued Acc

Recently Adopted and Issued Accounting Standards	9 Months Ended
	Sep. 30, 2017
Accounting Changes and Error Corrections [Abstract]
Recently Adopted and Issued Accounting Standards	Recently Adopted and Issued Accounting Standards Recently Adopted Accounting Standards In July 2015, the FASB issued an update to their accounting guidance related to inventory that changes the measurement principle from lower of cost or market to lower of cost or net realizable value. This guidance became effective in the first quarter of 2017, but did not impact VF’s consolidated financial statements. In March 2016, the FASB issued an update to their accounting guidance on equity method accounting. The guidance eliminates the requirement to retroactively apply the equity method when an entity obtains significant influence over a previously held investment. This guidance became effective in the first quarter of 2017, but did not impact VF’s consolidated financial statements. In March 2016, the FASB issued an update to their accounting guidance on derivative financial instruments when there is a change in the counterparty to a derivative contract (novation). The new guidance clarifies that the novation of a derivative contract that has been designated as a hedging instrument does not, in and of itself, require dedesignation of that hedging relationship, provided that all other hedge accounting criteria continue to be met. This guidance became effective in the first quarter of 2017, but did not impact VF’s consolidated financial statements. In March 2016, the FASB issued an update to their accounting guidance on derivative financial instruments that clarifies the steps required to determine bifurcation of an embedded derivative. This guidance became effective in the first quarter of 2017, but did not impact VF’s consolidated financial statements. In October 2016, the FASB issued an update to their accounting guidance on the recognition of current and deferred income taxes for intra-entity asset transfers. The new guidance requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The Company early adopted this guidance in the first quarter of 2017 using the modified retrospective method, which requires a cumulative adjustment to retained earnings as of the beginning of the period of adoption. The cumulative adjustment to the January 1, 2017 Consolidated Balance Sheet was a reduction in both the other assets and retained earnings line items of $237.8 million . In October 2016, the FASB issued an update to their accounting guidance that changes how a single decision maker will consider its indirect interests when performing the primary beneficiary analysis under the variable interest entity model. This guidance became effective in the first quarter of 2017, but did not impact VF’s consolidated financial statements. In November 2016, the FASB issued an update that requires restricted cash and restricted cash equivalents to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period amounts shown on the statements of cash flows. The Company early adopted this guidance in the first quarter of 2017 on a retrospective basis and the Consolidated Statements of Cash Flows included herein reflect $4.1 million and $4.4 million of restricted cash for September 2017 and September 2016, respectively. The Company’s restricted cash is generally held as collateral for certain transactions. In January 2017, the FASB issued an update that simplifies the subsequent measurement of goodwill by eliminating the second step from the quantitative goodwill impairment test. The single quantitative step test requires companies to compare the fair value of a reporting unit with its carrying amount and record an impairment charge for the amount that the carrying amount exceeds the fair value, up to the total amount of goodwill allocated to that reporting unit. VF will continue to have the option of first performing a qualitative assessment to determine whether it is necessary to complete the quantitative goodwill impairment test. The Company early adopted this guidance in the third quarter of 2017 by applying the single quantitative step test to our interim goodwill impairment analysis and recorded an impairment charge of $104.7 million . Recently Issued Accounting Standards In May 2014, the FASB issued a new accounting standard on revenue recognition that outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The FASB has subsequently issued updates to the standard to provide additional clarification on specific topics. The standard prescribes a five-step approach to revenue recognition: (1) identify the contracts with the customer; (2) identify the separate performance obligations in the contracts; (3) determine the transaction price; (4) allocate the transaction price to separate performance obligations; and (5) recognize revenue when, or as, each performance obligation is satisfied. This guidance will be effective for VF in the first quarter of fiscal 2019 with early adoption permitted. A cross-functional implementation team has completed VF’s impact analysis and is commencing the disclosure assessment phase of the project. The new guidance is not expected to have a material impact on VF’s significant revenue streams within the wholesale, direct-to-consumer and royalty channels. VF is in the process of concluding on the impact on less significant revenue streams within those channels. The Company expects to adopt the new standard utilizing the modified retrospective method in the first quarter of fiscal 2019. In January 2016, the FASB issued an update to their accounting guidance related to the recognition and measurement of certain financial instruments. This guidance affects the accounting for equity investments, financial liabilities under the fair value option and the presentation and disclosure requirements for financial instruments. This guidance will be effective for VF in the first quarter of fiscal 2019 with early adoption permitted. The Company does not expect the adoption of this accounting guidance to have a significant impact on VF’s consolidated financial statements. In February 2016, the FASB issued a new accounting standard on leasing. This new standard will require companies to record most leased assets and liabilities on the balance sheet, and also retains a dual model approach for assessing lease classification and recognizing expense. The Company has formed a cross-functional implementation team to address the standard and has started the design and assessment phase of the project. This guidance will be effective for VF in the first quarter of fiscal 2020 with early adoption permitted. The standard requires use of the modified retrospective transition approach. Given the Company’s significant number of leases, VF expects this standard will have a material impact on VF’s Consolidated Balance Sheets but does not expect it to have a material impact on the Consolidated Statements of Income. The Company expects to adopt the new standard in the first quarter of fiscal 2020. In March 2016, the FASB issued an update to their accounting guidance on extinguishments of financial liabilities that exempts prepaid stored-value products, or gift cards, from the existing guidance. The updated guidance requires that gift card liabilities be subject to breakage accounting, consistent with the new revenue recognition standard discussed above. This guidance will be effective for VF in the first quarter of fiscal 2019 with early adoption permitted. The Company does not expect the adoption of this accounting guidance to have a significant impact on VF’s consolidated financial statements. In June 2016, the FASB issued an update to their accounting guidance on the measurement of credit losses on financial instruments, which amends the impairment model by requiring entities to use a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, including trade receivables. This guidance will be effective for VF in the first quarter of fiscal 2021 with early adoption permitted. The Company is evaluating the impact that adopting this guidance will have on VF’s consolidated financial statements. In August 2016, the FASB issued an update to their accounting guidance addressing how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This guidance will be effective for VF in the first quarter of fiscal 2019 with early adoption permitted. The Company does not expect the adoption of this guidance to have a significant impact on VF’s consolidated financial statements. In January 2017, the FASB issued an update that provides a more narrow framework to be used in evaluating whether a set of assets and activities constitutes a business. This guidance will be effective for VF in the first quarter of fiscal 2019 with early adoption permitted. The Company will apply this guidance to any transactions after adoption but does not expect it to have a significant impact on VF’s consolidated financial statements. In March 2017, the FASB issued an update which requires employers to disaggregate the service cost component from other components of net periodic benefit costs and to disclose the amounts of net periodic benefit costs that are included in each income statement line item. The standard requires employers to report the service cost component in the same line item as other compensation costs and to report the other components of net periodic benefit costs (which include interest cost, expected return on plan assets, amortization of prior service costs or credits and actuarial gains and losses) separately and outside of operating income. The amendments in this update specify that only the service cost component is eligible for capitalization, which is consistent with VF’s current practice. The presentation change in the Consolidated Statements of Income will be applied on a retrospective basis. This guidance will be effective for VF beginning in the first quarter of fiscal 2019. Upon adoption, VF will reclassify the other components of net periodic benefit costs from the selling, general and administrative expenses line item in the Consolidated Statements of Income. Except for the reclassification within the Consolidated Statements of Income noted above, the Company does not expect the adoption of this accounting guidance to have a significant impact on VF’s consolidated financial statements. In May 2017, the FASB issued an update that amends the scope of modification accounting for share-based payment arrangements. This update provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting. This guidance will be effective for VF beginning in the first quarter of fiscal 2019 with early adoption permitted. The guidance is required to be applied prospectively to an award modified on or after the adoption date. The Company will apply this guidance to any future changes made to the terms or conditions of share-based payment awards after adoption but does not expect it to have a significant impact on VF’s consolidated financial statements. In August 2017, the FASB issued an update that amends and simplifies certain aspects of hedge accounting rules to better portray the economic results of risk management activities in the financial statements. This guidance will be effective for VF in the first quarter of fiscal 2020 with early adoption permitted. The Company is evaluating the impact that adopting this guidance will have on VF’s consolidated financial statements.

Restructuring

Restructuring	9 Months Ended
	Sep. 30, 2017
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring In the fourth quarter of 2016, VF leadership approved restructuring charges related to cost alignment initiatives, and recognized $58.1 million of restructuring charges. The Company did not recognize additional costs associated with these actions in the first nine months of 2017 and does not expect to recognize significant additional costs relating to these actions for the remainder of 2017. The Company expects a substantial amount of the restructuring activities to be completed by the end of 2017. The activity in the restructuring accrual for the nine-month period ended September 2017 is as follows: In thousands Severance Other Total Amounts recorded in accrued liabilities at December 2016 $ 52,720 $ 878 $ 53,598 Cash payments (24,515 ) (878 ) (25,393 ) Adjustments to accruals (3,001 ) — (3,001 ) Currency translation 824 — 824 Amounts recorded in accrued liabilities at September 2017 $ 26,028 $ — $ 26,028

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On October 2, 2017, VF completed the acquisition of Williamson-Dickie for $800.7 million in cash, subject to working capital and other adjustments. Refer to Note B for additional information. On October 19, 2017 , VF’s Board of Directors declared a quarterly cash dividend of $0.46 per share, payable on December 18, 2017 to stockholders of record on December 8, 2017 . On November 1, 2017, VF repaid $250.0 million of 5.95% fixed-rate notes in accordance with the terms of the notes. On November 1, 2017, VF entered into a definitive agreement to acquire 100% of the stock of Icebreaker Holdings, Ltd., a privately held company based in Auckland, New Zealand. The transaction is expected to close in April 2018, and the purchase price is not material to VF.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	VF 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 December 31 of each year. For presentation purposes herein, all references to periods ended September 2017 , December 2016 and September 2016 relate to the fiscal periods ended on September 30, 2017 , December 31, 2016 and October 1, 2016 , respectively. During the first quarter of 2017, the Company approved a change in fiscal year end to the Saturday closest to March 31 from the Saturday closest to December 31. Accordingly, the Company’s 2017 fiscal year will end as planned on December 30, 2017, followed by a three-month transition period from December 31, 2017 through March 31, 2018. The Company’s next fiscal year will run from April 1, 2018 through March 30, 2019 (“fiscal 2019”). On April 28, 2017, VF completed the sale of its Licensed Sports Group (“LSG”) business. As a result, VF reported the operating results for this business in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Income for all periods presented. In addition, the related assets and liabilities have been reported as assets and liabilities of discontinued operations in the Consolidated Balance Sheets through the date of sale. In conjunction with the LSG divestiture, VF executed its plan to entirely exit the licensing business and has included the JanSport ® brand collegiate business as discontinued operations in our Consolidated Statements of Income and Consolidated Balance Sheets for all periods presented. In addition, VF completed the sale of its Contemporary Brands coalition on August 26, 2016, and has reported the operating results for this business in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Income for the three and nine months ended September 2016. Unless otherwise noted, discussion within these notes to the consolidated financial statements relates to continuing operations. Refer to Note C for additional information on discontinued operations. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X and do not include all of the information and notes required by generally accepted accounting principles in the United States of America (“GAAP”) for complete financial statements. Similarly, the December 2016 condensed consolidated balance sheet was derived from audited financial statements but does not include all disclosures required by GAAP. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all normal and recurring adjustments necessary to fairly state the consolidated financial position, results of operations and cash flows of VF for the interim periods presented. Operating results for the three and nine months ended September 2017 are not necessarily indicative of results that may be expected for any other interim period or for the year ending December 30, 2017 . For further information, refer to the consolidated financial statements and notes included in VF’s Annual Report on Form 10-K for the year ended December 2016 (“ 2016 Form 10-K”).
Fair Value Measurement	Financial assets and financial liabilities measured and reported at fair value are classified in a three-level hierarchy that prioritizes the inputs used in the valuation process. A financial instrument’s categorization within the valuation hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The hierarchy is based on the observability and objectivity of the pricing inputs, as follows: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Significant directly observable data (other than Level 1 quoted prices) or significant indirectly observable data through corroboration with observable market data. Inputs would normally be (i) quoted prices in active markets for similar assets or liabilities, (ii) quoted prices in inactive markets for identical or similar assets or liabilities or (iii) information derived from or corroborated by observable market data. • Level 3 — Prices or valuation techniques that require significant unobservable data inputs. These inputs would normally be VF’s own data and judgments about assumptions that market participants would use in pricing the asset or liability.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards	Recently Adopted Accounting Standards In July 2015, the FASB issued an update to their accounting guidance related to inventory that changes the measurement principle from lower of cost or market to lower of cost or net realizable value. This guidance became effective in the first quarter of 2017, but did not impact VF’s consolidated financial statements. In March 2016, the FASB issued an update to their accounting guidance on equity method accounting. The guidance eliminates the requirement to retroactively apply the equity method when an entity obtains significant influence over a previously held investment. This guidance became effective in the first quarter of 2017, but did not impact VF’s consolidated financial statements. In March 2016, the FASB issued an update to their accounting guidance on derivative financial instruments when there is a change in the counterparty to a derivative contract (novation). The new guidance clarifies that the novation of a derivative contract that has been designated as a hedging instrument does not, in and of itself, require dedesignation of that hedging relationship, provided that all other hedge accounting criteria continue to be met. This guidance became effective in the first quarter of 2017, but did not impact VF’s consolidated financial statements. In March 2016, the FASB issued an update to their accounting guidance on derivative financial instruments that clarifies the steps required to determine bifurcation of an embedded derivative. This guidance became effective in the first quarter of 2017, but did not impact VF’s consolidated financial statements. In October 2016, the FASB issued an update to their accounting guidance on the recognition of current and deferred income taxes for intra-entity asset transfers. The new guidance requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The Company early adopted this guidance in the first quarter of 2017 using the modified retrospective method, which requires a cumulative adjustment to retained earnings as of the beginning of the period of adoption. The cumulative adjustment to the January 1, 2017 Consolidated Balance Sheet was a reduction in both the other assets and retained earnings line items of $237.8 million . In October 2016, the FASB issued an update to their accounting guidance that changes how a single decision maker will consider its indirect interests when performing the primary beneficiary analysis under the variable interest entity model. This guidance became effective in the first quarter of 2017, but did not impact VF’s consolidated financial statements. In November 2016, the FASB issued an update that requires restricted cash and restricted cash equivalents to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period amounts shown on the statements of cash flows. The Company early adopted this guidance in the first quarter of 2017 on a retrospective basis and the Consolidated Statements of Cash Flows included herein reflect $4.1 million and $4.4 million of restricted cash for September 2017 and September 2016, respectively. The Company’s restricted cash is generally held as collateral for certain transactions. In January 2017, the FASB issued an update that simplifies the subsequent measurement of goodwill by eliminating the second step from the quantitative goodwill impairment test. The single quantitative step test requires companies to compare the fair value of a reporting unit with its carrying amount and record an impairment charge for the amount that the carrying amount exceeds the fair value, up to the total amount of goodwill allocated to that reporting unit. VF will continue to have the option of first performing a qualitative assessment to determine whether it is necessary to complete the quantitative goodwill impairment test. The Company early adopted this guidance in the third quarter of 2017 by applying the single quantitative step test to our interim goodwill impairment analysis and recorded an impairment charge of $104.7 million . Recently Issued Accounting Standards In May 2014, the FASB issued a new accounting standard on revenue recognition that outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The FASB has subsequently issued updates to the standard to provide additional clarification on specific topics. The standard prescribes a five-step approach to revenue recognition: (1) identify the contracts with the customer; (2) identify the separate performance obligations in the contracts; (3) determine the transaction price; (4) allocate the transaction price to separate performance obligations; and (5) recognize revenue when, or as, each performance obligation is satisfied. This guidance will be effective for VF in the first quarter of fiscal 2019 with early adoption permitted. A cross-functional implementation team has completed VF’s impact analysis and is commencing the disclosure assessment phase of the project. The new guidance is not expected to have a material impact on VF’s significant revenue streams within the wholesale, direct-to-consumer and royalty channels. VF is in the process of concluding on the impact on less significant revenue streams within those channels. The Company expects to adopt the new standard utilizing the modified retrospective method in the first quarter of fiscal 2019. In January 2016, the FASB issued an update to their accounting guidance related to the recognition and measurement of certain financial instruments. This guidance affects the accounting for equity investments, financial liabilities under the fair value option and the presentation and disclosure requirements for financial instruments. This guidance will be effective for VF in the first quarter of fiscal 2019 with early adoption permitted. The Company does not expect the adoption of this accounting guidance to have a significant impact on VF’s consolidated financial statements. In February 2016, the FASB issued a new accounting standard on leasing. This new standard will require companies to record most leased assets and liabilities on the balance sheet, and also retains a dual model approach for assessing lease classification and recognizing expense. The Company has formed a cross-functional implementation team to address the standard and has started the design and assessment phase of the project. This guidance will be effective for VF in the first quarter of fiscal 2020 with early adoption permitted. The standard requires use of the modified retrospective transition approach. Given the Company’s significant number of leases, VF expects this standard will have a material impact on VF’s Consolidated Balance Sheets but does not expect it to have a material impact on the Consolidated Statements of Income. The Company expects to adopt the new standard in the first quarter of fiscal 2020. In March 2016, the FASB issued an update to their accounting guidance on extinguishments of financial liabilities that exempts prepaid stored-value products, or gift cards, from the existing guidance. The updated guidance requires that gift card liabilities be subject to breakage accounting, consistent with the new revenue recognition standard discussed above. This guidance will be effective for VF in the first quarter of fiscal 2019 with early adoption permitted. The Company does not expect the adoption of this accounting guidance to have a significant impact on VF’s consolidated financial statements. In June 2016, the FASB issued an update to their accounting guidance on the measurement of credit losses on financial instruments, which amends the impairment model by requiring entities to use a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, including trade receivables. This guidance will be effective for VF in the first quarter of fiscal 2021 with early adoption permitted. The Company is evaluating the impact that adopting this guidance will have on VF’s consolidated financial statements. In August 2016, the FASB issued an update to their accounting guidance addressing how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This guidance will be effective for VF in the first quarter of fiscal 2019 with early adoption permitted. The Company does not expect the adoption of this guidance to have a significant impact on VF’s consolidated financial statements. In January 2017, the FASB issued an update that provides a more narrow framework to be used in evaluating whether a set of assets and activities constitutes a business. This guidance will be effective for VF in the first quarter of fiscal 2019 with early adoption permitted. The Company will apply this guidance to any transactions after adoption but does not expect it to have a significant impact on VF’s consolidated financial statements. In March 2017, the FASB issued an update which requires employers to disaggregate the service cost component from other components of net periodic benefit costs and to disclose the amounts of net periodic benefit costs that are included in each income statement line item. The standard requires employers to report the service cost component in the same line item as other compensation costs and to report the other components of net periodic benefit costs (which include interest cost, expected return on plan assets, amortization of prior service costs or credits and actuarial gains and losses) separately and outside of operating income. The amendments in this update specify that only the service cost component is eligible for capitalization, which is consistent with VF’s current practice. The presentation change in the Consolidated Statements of Income will be applied on a retrospective basis. This guidance will be effective for VF beginning in the first quarter of fiscal 2019. Upon adoption, VF will reclassify the other components of net periodic benefit costs from the selling, general and administrative expenses line item in the Consolidated Statements of Income. Except for the reclassification within the Consolidated Statements of Income noted above, the Company does not expect the adoption of this accounting guidance to have a significant impact on VF’s consolidated financial statements. In May 2017, the FASB issued an update that amends the scope of modification accounting for share-based payment arrangements. This update provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting. This guidance will be effective for VF beginning in the first quarter of fiscal 2019 with early adoption permitted. The guidance is required to be applied prospectively to an award modified on or after the adoption date. The Company will apply this guidance to any future changes made to the terms or conditions of share-based payment awards after adoption but does not expect it to have a significant impact on VF’s consolidated financial statements. In August 2017, the FASB issued an update that amends and simplifies certain aspects of hedge accounting rules to better portray the economic results of risk management activities in the financial statements. This guidance will be effective for VF in the first quarter of fiscal 2020 with early adoption permitted. The Company is evaluating the impact that adopting this guidance will have on VF’s consolidated financial statements.

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations Presented in Financial Statements	The following table summarizes the major line items included in the income (loss) from discontinued operations for the divestitures of the licensing business and Contemporary Brands coalition: Three Months Ended September Nine Months Ended September In thousands 2017 2016 2017 2016 Revenues $ 6,498 $ 203,696 $ 160,323 $ 603,651 Cost of goods sold 6,580 127,876 121,172 362,215 Selling, general and administrative expenses 1,341 51,714 36,059 173,574 Interest expense, net (1 ) (21 ) (26 ) (183 ) Other income (expense), net — 7 — 3 Income (loss) from discontinued operations before income taxes (1,424 ) 24,092 3,066 67,682 Gain (loss) on the sale of discontinued operations before income taxes 411 (4,439 ) (9,506 ) (154,275 ) Total income (loss) from discontinued operations before income taxes (1,013 ) 19,653 (6,440 ) (86,593 ) Income tax (expense) benefit (a) 389 (6,388 ) (4,676 ) 32,714 Income (loss) from discontinued operations, net of tax $ (624 ) $ 13,265 $ (11,116 ) $ (53,879 ) (a) Income tax (expense) benefit for the nine months ended September 2017 includes $8.6 million of deferred tax expense related to GAAP and tax basis differences for LSG. The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations for each of the periods presented. In thousands September 2017 December 2016 September 2016 Accounts receivable, net $ — $ 36,285 $ 48,768 Inventories — 98,025 102,450 Other current assets — 1,535 2,009 Property, plant and equipment, net 315 13,640 14,297 Intangible assets — 42,427 44,833 Goodwill — 28,636 28,636 Other assets — 692 770 Total assets of discontinued operations (a) $ 315 $ 221,240 $ 241,763 Accounts payable $ — $ 21,674 $ 15,318 Accrued liabilities — 13,531 9,765 Other liabilities — 791 801 Deferred income tax liabilities (b) — (4,081 ) (4,140 ) Total liabilities of discontinued operations (a) $ — $ 31,915 $ 21,744 (a) Amounts at December 2016 and September 2016 have been classified as current and long-term in the Consolidated Balance Sheets. (b) Deferred income tax balances reflect VF’s consolidated netting by jurisdiction.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Inventories	In thousands September 2017 December 2016 September 2016 Finished products $ 1,717,516 $ 1,278,504 $ 1,706,612 Work-in-process 106,120 97,725 96,727 Raw materials 85,927 95,071 94,207 Total inventories $ 1,909,563 $ 1,471,300 $ 1,897,546

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Finite Lived Intangible Assets	September 2017 December 2016 In thousands Weighted Average Amortization Period Amortization Method Cost Accumulated Amortization Net Carrying Amount Net Carrying Amount Amortizable intangible assets: Customer relationships 20 years Accelerated $ 265,725 $ 134,246 $ 131,479 $ 128,422 License agreements 28 years Accelerated 109,370 62,278 47,092 49,682 Trademark 16 years Straight-line 58,132 6,358 51,774 54,499 Other 9 years Straight-line 9,658 3,846 5,812 3,297 Amortizable intangible assets, net 236,157 235,900 Indefinite-lived intangible assets: Trademarks and trade names 1,700,365 1,561,371 Intangible assets, net $ 1,936,522 $ 1,797,271
Indefinite Lived Intangible Assets	September 2017 December 2016 In thousands Weighted Average Amortization Period Amortization Method Cost Accumulated Amortization Net Carrying Amount Net Carrying Amount Amortizable intangible assets: Customer relationships 20 years Accelerated $ 265,725 $ 134,246 $ 131,479 $ 128,422 License agreements 28 years Accelerated 109,370 62,278 47,092 49,682 Trademark 16 years Straight-line 58,132 6,358 51,774 54,499 Other 9 years Straight-line 9,658 3,846 5,812 3,297 Amortizable intangible assets, net 236,157 235,900 Indefinite-lived intangible assets: Trademarks and trade names 1,700,365 1,561,371 Intangible assets, net $ 1,936,522 $ 1,797,271

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Goodwill	Changes in goodwill are summarized by business segment as follows: In thousands Outdoor & Action Sports Jeanswear Imagewear Sportswear Total Balance, December 2016 $ 1,310,133 $ 210,765 $ 30,111 $ 157,314 $ 1,708,323 Impairment charge — — — (104,651 ) (104,651 ) Currency translation 32,260 6,941 — — 39,201 Balance, September 2017 $ 1,342,393 $ 217,706 $ 30,111 $ 52,663 $ 1,642,873

Pension Plans (Tables)

Pension Plans (Tables)	9 Months Ended
	Sep. 30, 2017
Compensation and Retirement Disclosure [Abstract]
Components of Pension Cost	The components of pension cost for VF’s defined benefit plans were as follows: Three Months Ended September Nine Months Ended September In thousands 2017 2016 2017 2016 Service cost – benefits earned during the period $ 6,202 $ 6,478 $ 18,733 $ 19,434 Interest cost on projected benefit obligations 14,730 16,991 44,254 51,066 Expected return on plan assets (23,825 ) (24,869 ) (70,977 ) (74,714 ) Amortization of deferred amounts: Net deferred actuarial losses 10,030 16,303 31,414 48,928 Deferred prior service costs 643 645 2,000 1,937 Net periodic pension cost $ 7,780 $ 15,548 $ 25,424 $ 46,651

Capital and Accumulated Other32

Capital and Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Shares Held for Deferred Compensation Plans	During the first nine months of 2017 , the Company purchased 6,540 shares of Common Stock in open market transactions for $0.4 million . Balances related to shares held for deferred compensation plans were as follows: In thousands, except share amounts September 2017 December 2016 September 2016 Shares held for deferred compensation plans 320,615 439,667 450,067 Cost of shares held for deferred compensation plans $ 3,973 $ 5,464 $ 5,434
Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in Accumulated OCI	The changes in accumulated OCI, net of related taxes, are as follows: Three Months Ended September 2017 In thousands Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, June 2017 $ (633,209 ) $ (275,089 ) $ (22,299 ) $ (930,597 ) Other comprehensive income (loss) before reclassifications 65,245 — (51,826 ) 13,419 Amounts reclassified from accumulated other comprehensive income (loss) — 6,930 (4,648 ) 2,282 Net other comprehensive income (loss) 65,245 6,930 (56,474 ) 15,701 Balance, September 2017 $ (567,964 ) $ (268,159 ) $ (78,773 ) $ (914,896 ) Three Months Ended September 2016 In thousands Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, June 2016 $ (675,213 ) $ (351,298 ) $ 25,056 $ (1,001,455 ) Other comprehensive income (loss) before reclassifications 4,662 — 5,896 10,558 Amounts reclassified from accumulated other comprehensive income (loss) — 10,407 (17,530 ) (7,123 ) Net other comprehensive income (loss) 4,662 10,407 (11,634 ) 3,435 Balance, September 2016 $ (670,551 ) $ (340,891 ) $ 13,422 $ (998,020 ) Nine Months Ended September 2017 In thousands Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, December 2016 $ (794,579 ) $ (302,697 ) $ 55,813 $ (1,041,463 ) Other comprehensive income (loss) before reclassifications 226,615 12,253 (107,836 ) 131,032 Amounts reclassified from accumulated other comprehensive income (loss) — 22,285 (26,750 ) (4,465 ) Net other comprehensive income (loss) 226,615 34,538 (134,586 ) 126,567 Balance, September 2017 $ (567,964 ) $ (268,159 ) $ (78,773 ) $ (914,896 ) Nine Months Ended September 2016 In thousands Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, December 2015 $ (718,169 ) $ (372,195 ) $ 47,142 $ (1,043,222 ) Other comprehensive income (loss) before reclassifications 47,618 — 20,331 67,949 Amounts reclassified from accumulated other comprehensive income (loss) — 31,304 (54,051 ) (22,747 ) Net other comprehensive income (loss) 47,618 31,304 (33,720 ) 45,202 Balance, September 2016 $ (670,551 ) $ (340,891 ) $ 13,422 $ (998,020 ) The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows: In thousands September 2017 December 2016 September 2016 Foreign currency translation and other $ (567,964 ) $ (794,579 ) $ (670,551 ) Defined benefit pension plans (268,159 ) (302,697 ) (340,891 ) Derivative financial instruments (78,773 ) 55,813 13,422 Accumulated other comprehensive loss $ (914,896 ) $ (1,041,463 ) $ (998,020 )
Reclassifications Out of Accumulated OCI	Reclassifications out of accumulated OCI are as follows: In thousands Affected Line Item in the Consolidated Statements of Income Three Months Ended September Nine Months Ended September Details About Accumulated Other Comprehensive Income (Loss) Components 2017 2016 2017 2016 Amortization of defined benefit pension plans: Net deferred actuarial losses (a) $ (10,030 ) $ (16,303 ) $ (31,414 ) $ (48,928 ) Deferred prior service costs (a) (643 ) (645 ) (2,000 ) (1,937 ) Pension curtailment loss Income (loss) from discontinued operations, net of tax — — (1,105 ) — Total before tax (10,673 ) (16,948 ) (34,519 ) (50,865 ) Tax benefit 3,743 6,541 12,234 19,561 Net of tax (6,930 ) (10,407 ) (22,285 ) (31,304 ) Gains (losses) on derivative financial instruments: Foreign exchange contracts Net sales 11,614 14,676 25,074 11,997 Foreign exchange contracts Cost of goods sold (4,164 ) 15,485 12,763 80,094 Foreign exchange contracts Selling, general and administrative expenses (882 ) (1,098 ) (1,212 ) (3,611 ) Foreign exchange contracts Other income (expense), net (774 ) 526 (688 ) 2,653 Interest rate contracts Interest expense (1,185 ) (1,131 ) (3,518 ) (3,356 ) Total before tax 4,609 28,458 32,419 87,777 Tax benefit (expense) 39 (10,928 ) (5,669 ) (33,726 ) Net of tax 4,648 17,530 26,750 54,051 Total reclassifications for the period Net of tax $ (2,282 ) $ 7,123 $ 4,465 $ 22,747 (a) These accumulated OCI components are included in the computation of net periodic pension cost (refer to Note H for additional details).

Stock-based Compensation (Table

Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Assumption Used and Resulting Weighted Average Fair Value of Stock Option Granted	The grant date fair value of each option award is calculated using a lattice option-pricing valuation model, which incorporates a range of assumptions for inputs as follows: 2017 Expected volatility 23% to 30% Weighted average expected volatility 24% Expected term (in years) 6.3 to 7.7 Weighted average dividend yield 2.8% Risk-free interest rate 0.7% to 2.4% Weighted average fair value at date of grant $9.90

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Financial Information for Reportable Segments	Financial information for VF’s reportable segments is as follows: Three Months Ended September Nine Months Ended September In thousands 2017 2016 2017 2016 Coalition revenues: Outdoor & Action Sports $ 2,502,590 $ 2,326,436 $ 5,647,587 $ 5,378,272 Jeanswear 697,701 701,416 1,945,950 2,041,186 Imagewear 138,885 127,992 423,859 404,633 Sportswear 140,272 140,705 352,848 373,977 Other 29,370 31,167 79,832 84,531 Total coalition revenues $ 3,508,818 $ 3,327,716 $ 8,450,076 $ 8,282,599 Coalition profit: (a) Outdoor & Action Sports $ 524,489 $ 491,015 $ 877,206 $ 842,378 Jeanswear 121,218 142,427 323,994 388,564 Imagewear 22,377 23,981 72,349 74,497 Sportswear 17,488 15,080 27,764 26,156 Other (737 ) (341 ) (3,225 ) (3,523 ) Total coalition profit 684,835 672,162 1,298,088 1,328,072 Impairment of goodwill (b) (104,651 ) — (104,651 ) — Corporate and other expenses (a) (96,567 ) (65,012 ) (252,044 ) (211,910 ) Interest expense, net (22,537 ) (22,568 ) (63,332 ) (63,982 ) Income from continuing operations before income taxes $ 461,080 $ 584,582 $ 878,061 $ 1,052,180 (a) Certain corporate overhead and other costs of $6.0 million and $18.2 million for the three and nine -month periods ended September 2016, respectively, previously allocated to the Imagewear and Outdoor & Action Sports coalitions for segment reporting purposes, have been reallocated to continuing operations as discussed in Note C. (b) Represents goodwill impairment charge in 2017 related to the Sportswear coalition as discussed in Notes G and N. The impairment charge was excluded from the profit of the Sportswear coalition since it is not part of the ongoing operations of the business.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Basic and Diluted	Three Months Ended September Nine Months Ended September In thousands, except per share amounts 2017 2016 2017 2016 Earnings per share – basic: Income from continuing operations $ 386,764 $ 485,224 $ 716,308 $ 863,652 Weighted average common shares outstanding 393,258 413,461 400,771 417,067 Earnings per share from continuing operations $ 0.98 $ 1.17 $ 1.79 $ 2.07 Earnings per share – diluted: Income from continuing operations $ 386,764 $ 485,224 $ 716,308 $ 863,652 Weighted average common shares outstanding 393,258 413,461 400,771 417,067 Incremental shares from stock options and other dilutive securities 4,126 5,779 3,848 6,410 Adjusted weighted average common shares outstanding 397,384 419,240 404,619 423,477 Earnings per share from continuing operations $ 0.97 $ 1.16 $ 1.77 $ 2.04

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Classes of Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on Recurring Basis	The following table summarizes financial assets and financial liabilities that are measured and recorded in the consolidated financial statements at fair value on a recurring basis: Total Fair Value Fair Value Measurement Using (a) In thousands Level 1 Level 2 Level 3 September 2017 Financial assets: Cash equivalents: Money market funds $ 405,045 $ 405,045 $ — $ — Time deposits 8,307 8,307 — — Derivative financial instruments 26,658 — 26,658 — Investment securities 202,721 189,744 12,977 — Financial liabilities: Derivative financial instruments 89,212 — 89,212 — Deferred compensation 233,151 — 233,151 — December 2016 Financial assets: Cash equivalents: Money market funds $ 840,842 $ 840,842 $ — $ — Time deposits 14,774 14,774 — — Derivative financial instruments 103,340 — 103,340 — Investment securities 196,738 179,673 17,065 — Financial liabilities: Derivative financial instruments 25,574 — 25,574 — Deferred compensation 232,214 — 232,214 — (a) There were no transfers among the levels within the fair value hierarchy during the first nine months of 2017 or the year ended December 2016 .

Derivative Financial Instrume37

Derivative Financial Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Outstanding Derivatives on Individual Contract Basis	The following table presents outstanding derivatives on an individual contract basis: Fair Value of Derivatives with Unrealized Gains Fair Value of Derivatives with Unrealized Losses In thousands September 2017 December 2016 September 2016 September 2017 December 2016 September 2016 Foreign currency exchange contracts designated as hedging instruments $ 26,451 $ 103,340 $ 75,497 $ (88,593 ) $ (25,292 ) $ (31,996 ) Foreign currency exchange contracts not designated as hedging instruments 207 — — (619 ) (282 ) (185 ) Total derivatives $ 26,658 $ 103,340 $ 75,497 $ (89,212 ) $ (25,574 ) $ (32,181 )
Derivative Assets and Liabilities Presented in Consolidated Balance Sheet Adjusted from Current Gross	VF records and presents the fair values of all of its derivative assets and liabilities in the Consolidated Balance Sheets on a gross basis, even though they are subject to master netting agreements. If VF were to offset and record the asset and liability balances of its forward foreign currency exchange contracts on a net basis in accordance with the terms of its master netting agreements, the amounts presented in the Consolidated Balance Sheets would be adjusted from the current gross presentation to the net amounts as detailed in the following table: September 2017 December 2016 September 2016 In thousands Derivative Asset Derivative Liability Derivative Asset Derivative Liability Derivative Asset Derivative Liability Gross amounts presented in the Consolidated Balance Sheets $ 26,658 $ (89,212 ) $ 103,340 $ (25,574 ) $ 75,497 $ (32,181 ) Gross amounts not offset in the Consolidated Balance Sheets (26,001 ) 26,001 (22,341 ) 22,341 (19,328 ) 19,328 Net amounts $ 657 $ (63,211 ) $ 80,999 $ (3,233 ) $ 56,169 $ (12,853 )
Derivative Assets and Liabilities Presented in Consolidated Balance Sheet Adjusted from Current Gross	VF records and presents the fair values of all of its derivative assets and liabilities in the Consolidated Balance Sheets on a gross basis, even though they are subject to master netting agreements. If VF were to offset and record the asset and liability balances of its forward foreign currency exchange contracts on a net basis in accordance with the terms of its master netting agreements, the amounts presented in the Consolidated Balance Sheets would be adjusted from the current gross presentation to the net amounts as detailed in the following table: September 2017 December 2016 September 2016 In thousands Derivative Asset Derivative Liability Derivative Asset Derivative Liability Derivative Asset Derivative Liability Gross amounts presented in the Consolidated Balance Sheets $ 26,658 $ (89,212 ) $ 103,340 $ (25,574 ) $ 75,497 $ (32,181 ) Gross amounts not offset in the Consolidated Balance Sheets (26,001 ) 26,001 (22,341 ) 22,341 (19,328 ) 19,328 Net amounts $ 657 $ (63,211 ) $ 80,999 $ (3,233 ) $ 56,169 $ (12,853 )
Derivatives Classified as Current or Noncurrent Based on Maturity Dates	Derivatives are classified as current or noncurrent based on maturity dates, as follows: In thousands September 2017 December 2016 September 2016 Other current assets $ 23,387 $ 84,519 $ 66,231 Accrued liabilities (75,266 ) (18,574 ) (28,852 ) Other assets 3,271 18,821 9,266 Other liabilities (13,946 ) (7,000 ) (3,329 )
Effects of Cash Flow Hedging included in Consolidated Statements of Income and Consolidated Statements of Comprehensive Income	The effects of cash flow hedging included in VF’s Consolidated Statements of Income and Consolidated Statements of Comprehensive Income are summarized as follows: In thousands Gain (Loss) on Derivatives Recognized in OCI Three Months Ended September Gain (Loss) on Derivatives Recognized in OCI Nine Months Ended September Cash Flow Hedging Relationships 2017 2016 2017 2016 Foreign currency exchange $ (51,147 ) $ 9,571 $ (117,580 ) $ 32,837 In thousands Gain (Loss) Reclassified from Accumulated OCI into Income Three Months Ended September Gain (Loss) Reclassified from Accumulated OCI into Income Nine Months Ended September Location of Gain (Loss) 2017 2016 2017 2016 Net sales $ 11,614 $ 14,676 $ 25,074 $ 11,997 Cost of goods sold (4,164 ) 15,485 12,763 80,094 Selling, general and administrative expenses (882 ) (1,098 ) (1,212 ) (3,611 ) Other income (expense), net (774 ) 526 (688 ) 2,653 Interest expense (1,185 ) (1,131 ) (3,518 ) (3,356 ) Total $ 4,609 $ 28,458 $ 32,419 $ 87,777
Effects of Fair Value Hedging Included in Consolidated Statements of Income	Following is a summary of these derivatives included in VF’s Consolidated Statements of Income: In thousands Derivatives Not Designated as Hedges Location of Gain (Loss) on Derivatives Recognized in Income Gain (Loss) on Derivatives Recognized in Income Three Months Ended September Gain (Loss) on Derivatives Recognized in Income Nine Months Ended September 2017 2016 2017 2016 Foreign currency exchange Cost of goods sold $ (927 ) $ (510 ) $ (294 ) $ 225 Foreign currency exchange Other income (expense), net (339 ) (110 ) (2,078 ) (1,196 ) Total $ (1,266 ) $ (620 ) $ (2,372 ) $ (971 )

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 30, 2017
Restructuring and Related Activities [Abstract]
Activity in Restructuring Accrual	The activity in the restructuring accrual for the nine-month period ended September 2017 is as follows: In thousands Severance Other Total Amounts recorded in accrued liabilities at December 2016 $ 52,720 $ 878 $ 53,598 Cash payments (24,515 ) (878 ) (25,393 ) Adjustments to accruals (3,001 ) — (3,001 ) Currency translation 824 — 824 Amounts recorded in accrued liabilities at September 2017 $ 26,028 $ — $ 26,028

Acquisition (Details)

Acquisition (Details) - Williamson-Dickie Mfg. Co. - USD ($) $ in Millions	Oct. 02, 2017	Sep. 30, 2017	Sep. 30, 2017
Business Acquisition [Line Items]
Acquisition related costs		$ 4.9	$ 4.9
Subsequent Event
Business Acquisition [Line Items]
Business acquisition, percentage acquired	100.00%
Payments to acquire businesses	$ 800.7

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - USD ($) $ in Thousands	Apr. 28, 2017	Aug. 26, 2016	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Sep. 30, 2017	Oct. 01, 2016	Dec. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations, net of tax			$ (624)	$ 13,265		$ (11,116)	$ (53,879)
Discontinued Operations, Disposed of by Sale | LSG
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business					$ 213,500
After-tax income (loss) on sale						(4,100)
Amount of adjustment			300
Income (loss) from discontinued operation during phase-out period			300			(4,600)
Income (loss) from discontinued operations, net of tax				18,100			45,100
Discontinued Operations, Disposed of by Sale | JanSport Collegiate Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fair value of assets held-for-sale			315		315	315
Discontinued Operations, Disposed of by Sale | Contemporary Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business		$ 116,900
After-tax income (loss) on sale				(3,800)			(104,400)
Income (loss) from discontinued operations, net of tax				(4,500)			(98,400)
Discontinued Operations, Disposed of by Sale | Contemporary Brands and Licensing Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and amortization							10,900
Discontinued Operations, Disposed of by Sale | Licensing Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Fair value of assets held-for-sale				241,763			241,763	$ 221,240
Depreciation and amortization						3,000
Discontinued Operations, Held-for-sale | JanSport Collegiate Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operation during phase-out period			(900)			(6,500)
Income (loss) from discontinued operations, net of tax				$ (300)			$ (600)
Fair value of assets held-for-sale			$ 300		$ 300	$ 300
Minimum | Discontinued Operations, Disposed of by Sale | LSG
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Support services period (up to)	3 months
Maximum | Discontinued Operations, Disposed of by Sale | LSG
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Support services period (up to)	24 months

Discontinued Operations - Summa

Discontinued Operations - Summary of Major Line Items included in Income (Loss) from Discontinued Operations (Details) - Discontinued Operations, Disposed of by Sale - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Licensing Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 6,498		$ 160,323
Cost of goods sold	6,580		121,172
Selling, general and administrative expenses	1,341		36,059
Interest expense, net	(1)		(26)
Other income (expense), net	0		0
Income (loss) from discontinued operations before income taxes	(1,424)		3,066
Gain (loss) on the sale of discontinued operations before income taxes	411		(9,506)
Total income (loss) from discontinued operations before income taxes	(1,013)		(6,440)
Income tax (expense) benefit	389		(4,676)
Income (loss) from discontinued operations, net of tax	$ (624)		(11,116)
Contemporary Brands and Licensing Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues		$ 203,696		$ 603,651
Cost of goods sold		127,876		362,215
Selling, general and administrative expenses		51,714		173,574
Interest expense, net		(21)		(183)
Other income (expense), net		7		3
Income (loss) from discontinued operations before income taxes		24,092		67,682
Gain (loss) on the sale of discontinued operations before income taxes		(4,439)		(154,275)
Total income (loss) from discontinued operations before income taxes		19,653		(86,593)
Income tax (expense) benefit		(6,388)		32,714
Income (loss) from discontinued operations, net of tax		$ 13,265		$ (53,879)
LSG
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Deferred tax expense related to GAAP and tax basis differences			$ 8,600

Discontinued Operations - Sum42

Discontinued Operations - Summary of Carrying Amounts of Assets and Liabilities for Discontinued Operations (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other assets	$ 0	$ 85,395	$ 88,536
JanSport Collegiate Business | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	0
Inventories	0
Other current assets	0
Property, plant and equipment, net	315
Intangible assets	0
Goodwill	0
Other assets	0
Total assets of discontinued operations	315
Accounts payable	0
Accrued liabilities	0
Other liabilities	0
Deferred income tax liabilities	0
Total liabilities of discontinued operations	$ 0
Licensing Business | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net		36,285	48,768
Inventories		98,025	102,450
Other current assets		1,535	2,009
Property, plant and equipment, net		13,640	14,297
Intangible assets		42,427	44,833
Goodwill		28,636	28,636
Other assets		692	770
Total assets of discontinued operations		221,240	241,763
Accounts payable		21,674	15,318
Accrued liabilities		13,531	9,765
Other liabilities		791	801
Deferred income tax liabilities		(4,081)	(4,140)
Total liabilities of discontinued operations		$ 31,915	$ 21,744

Sale of Accounts Receivable - A

Sale of Accounts Receivable - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016	Dec. 31, 2016
Receivables [Abstract]
Maximum amount of accounts receivable sold at any point in time (up to)	$ 367.5	$ 367.5	$ 367.5	$ 367.5
Sale of accounts receivable			871.6
Accounts receivable removed related to sale of accounts receivable	191.4	212.3	191.4	212.3	$ 209.5
Funding fee	$ 0.8	$ 0.8	$ 2.7	$ 2.5

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Inventory Disclosure [Abstract]
Finished products	$ 1,717,516	$ 1,278,504	$ 1,706,612
Work-in-process	106,120	97,725	96,727
Raw materials	85,927	95,071	94,207
Total inventories	$ 1,909,563	$ 1,471,300	$ 1,897,546

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, net carrying amount	$ 236,157	$ 235,900
Indefinite-lived intangible assets: Trademarks and trade names	1,700,365	1,561,371
Intangible assets, net	$ 1,936,522	1,797,271	$ 1,925,955
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, weighted average amortization period (in years)	20 years
Amortizable intangible assets, cost	$ 265,725
Amortizable intangible assets, accumulated amortization	134,246
Amortizable intangible assets, net carrying amount	$ 131,479	128,422
License agreements
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, weighted average amortization period (in years)	28 years
Amortizable intangible assets, cost	$ 109,370
Amortizable intangible assets, accumulated amortization	62,278
Amortizable intangible assets, net carrying amount	$ 47,092	49,682
Trademark
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, weighted average amortization period (in years)	16 years
Amortizable intangible assets, cost	$ 58,132
Amortizable intangible assets, accumulated amortization	6,358
Amortizable intangible assets, net carrying amount	$ 51,774	54,499
Other
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets, weighted average amortization period (in years)	9 years
Amortizable intangible assets, cost	$ 9,658
Amortizable intangible assets, accumulated amortization	3,846
Amortizable intangible assets, net carrying amount	$ 5,812	$ 3,297

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2017USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 5.6	$ 16.3
Estimated amortization expense, 2017	21.9	21.9
Estimated amortization expense, 2018	21.9	21.9
Estimated amortization expense, 2019	21.3	21.3
Estimated amortization expense, 2020	20.4	20.4
Estimated amortization expense, 2021	$ 19.4	$ 19.4

Goodwill - Changes in Goodwill

Goodwill - Changes in Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Goodwill [Roll Forward]
Goodwill, beginning balance			$ 1,708,323
Impairment charge	$ (104,651)	$ 0	(104,651)	$ 0
Currency translation			39,201
Goodwill, ending balance	1,642,873	$ 1,769,838	1,642,873	$ 1,769,838
Outdoor & Action Sports
Goodwill [Roll Forward]
Goodwill, beginning balance			1,310,133
Impairment charge			0
Currency translation			32,260
Goodwill, ending balance	1,342,393		1,342,393
Jeanswear
Goodwill [Roll Forward]
Goodwill, beginning balance			210,765
Impairment charge			0
Currency translation			6,941
Goodwill, ending balance	217,706		217,706
Imagewear
Goodwill [Roll Forward]
Goodwill, beginning balance			30,111
Impairment charge			0
Currency translation			0
Goodwill, ending balance	30,111		30,111
Sportswear
Goodwill [Roll Forward]
Goodwill, beginning balance			157,314
Impairment charge			(104,651)
Currency translation			0
Goodwill, ending balance	$ 52,663		$ 52,663

Goodwill - Additional Informati

Goodwill - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016	Jan. 02, 2010	Dec. 31, 2016
Goodwill [Line Items]
Impairment charge	$ 104,651	$ 0	$ 104,651	$ 0
Sportswear
Goodwill [Line Items]
Impairment charge			104,651
Accumulated impairment charges	163,200		163,200			$ 58,500
Outdoor & Action Sports
Goodwill [Line Items]
Impairment charge			0
Accumulated impairment charges	82,700		82,700			$ 82,700
Nautica | Sportswear
Goodwill [Line Items]
Impairment charge	$ 104,700		$ 104,700		$ 58,500

Pension Plans - Components of P

Pension Plans - Components of Pension Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Compensation and Retirement Disclosure [Abstract]
Service cost – benefits earned during the period	$ 6,202	$ 6,478	$ 18,733	$ 19,434
Interest cost on projected benefit obligations	14,730	16,991	44,254	51,066
Expected return on plan assets	(23,825)	(24,869)	(70,977)	(74,714)
Amortization of deferred amounts:
Net deferred actuarial losses	10,030	16,303	31,414	48,928
Deferred prior service costs	643	645	2,000	1,937
Net periodic pension cost	$ 7,780	$ 15,548	$ 25,424	$ 46,651

Pension Plans - Additional Info

Pension Plans - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit pension plan contributed	$ 7.8
Defined benefit pension plan additional contributions to make during the remainder of the year	7.2
Discontinued Operations, Disposed of by Sale | Licensing Business
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Pension curtailment	$ 1.1

Capital and Accumulated Other51

Capital and Accumulated Other Comprehensive Loss - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, shares, purchased (in shares)	22,200,000
Common Stock, value, purchased	$ 1,200
Treasury shares restored as unissued status (in shares)	22,300,000
Treasury shares (in shares)	0	0	2,600
Common Stock, stated value (in USD per share)	$ 0.25	$ 0.25	$ 0.25
Deferred Compensation
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, shares, purchased (in shares)	6,540
Common Stock held in trust for deferred compensation plan	$ 0.4

Capital and Accumulated Other52

Capital and Accumulated Other Comprehensive Loss - Shares Held for Deferred Compensation Plans (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Equity [Abstract]
Shares held for deferred compensation plans (in shares)	320,615	439,667	450,067
Cost of shares held for deferred compensation plans	$ 3,973	$ 5,464	$ 5,434

Capital and Accumulated Other53

Capital and Accumulated Other Comprehensive Loss - Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Jul. 01, 2017	Dec. 31, 2016	Oct. 01, 2016	Jul. 02, 2016	Jan. 02, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ 3,937,420		$ 4,940,921	$ 4,872,777
Foreign currency translation and other
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(567,964)		(794,579)	(670,551)
Defined Benefit Pension Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(268,159)	$ (275,089)	(302,697)	(340,891)	$ (351,298)	$ (372,195)
Derivative Financial Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(78,773)	(22,299)	55,813	13,422	25,056	47,142
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (914,896)	$ (930,597)	$ (1,041,463)	$ (998,020)	$ (1,001,455)	$ (1,043,222)

Capital and Accumulated Other54

Capital and Accumulated Other Comprehensive Loss - Changes in Accumulated OCI, Net of Related Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance			$ 4,940,921
Other comprehensive income (loss) before reclassifications	$ 13,419	$ 10,558	131,032	$ 67,949
Amounts reclassified from accumulated other comprehensive income (loss)	2,282	(7,123)	(4,465)	(22,747)
Net other comprehensive income (loss)	15,701	3,435	126,567	45,202
Balance	3,937,420	4,872,777	3,937,420	4,872,777
Foreign Currency Translation and Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(633,209)	(675,213)	(794,579)	(718,169)
Other comprehensive income (loss) before reclassifications	65,245	4,662	226,615	47,618
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Net other comprehensive income (loss)	65,245	4,662	226,615	47,618
Balance	(567,964)	(670,551)	(567,964)	(670,551)
Defined Benefit Pension Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(275,089)	(351,298)	(302,697)	(372,195)
Other comprehensive income (loss) before reclassifications	0	0	12,253	0
Amounts reclassified from accumulated other comprehensive income (loss)	6,930	10,407	22,285	31,304
Net other comprehensive income (loss)	6,930	10,407	34,538	31,304
Balance	(268,159)	(340,891)	(268,159)	(340,891)
Derivative Financial Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(22,299)	25,056	55,813	47,142
Other comprehensive income (loss) before reclassifications	(51,826)	5,896	(107,836)	20,331
Amounts reclassified from accumulated other comprehensive income (loss)	(4,648)	(17,530)	(26,750)	(54,051)
Net other comprehensive income (loss)	(56,474)	(11,634)	(134,586)	(33,720)
Balance	(78,773)	13,422	(78,773)	13,422
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(930,597)	(1,001,455)	(1,041,463)	(1,043,222)
Balance	$ (914,896)	$ (998,020)	$ (914,896)	$ (998,020)

Capital and Accumulated Other55

Capital and Accumulated Other Comprehensive Loss - Reclassification Out of Accumulated OCI (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period	$ (2,282)	$ 7,123	$ 4,465	$ 22,747
Net sales	3,481,202	3,298,484	8,370,183	8,200,228
Cost of goods sold	(1,751,748)	(1,693,071)	(4,225,444)	(4,229,018)
Selling, general and administrative expenses	(1,168,470)	(1,026,398)	(3,176,536)	(2,939,115)
Other income (expense), net	(332)	(1,097)	(2,052)	1,696
Interest expense	(27,108)	(24,783)	(75,004)	(70,441)
Income from continuing operations before income taxes	461,080	584,582	878,061	1,052,180
Tax benefit (expense)	(74,316)	(99,358)	(161,753)	(188,528)
Net income	386,140	498,489	705,192	809,773
Net deferred actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications before tax	(10,030)	(16,303)	(31,414)	(48,928)
Deferred prior service costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications before tax	(643)	(645)	(2,000)	(1,937)
Pension curtailment loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications before tax	0	0	(1,105)	0
Defined Benefit Pension Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassifications before tax	(10,673)	(16,948)	(34,519)	(50,865)
Tax benefit	3,743	6,541	12,234	19,561
Total reclassifications for the period	(6,930)	(10,407)	(22,285)	(31,304)
Gains (losses) on derivative financial instruments: | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales	11,614	14,676	25,074	11,997
Cost of goods sold	(4,164)	15,485	12,763	80,094
Selling, general and administrative expenses	(882)	(1,098)	(1,212)	(3,611)
Other income (expense), net	(774)	526	(688)	2,653
Interest expense	(1,185)	(1,131)	(3,518)	(3,356)
Income from continuing operations before income taxes	4,609	28,458	32,419	87,777
Tax benefit (expense)	39	(10,928)	(5,669)	(33,726)
Net income	$ 4,648	$ 17,530	$ 26,750	$ 54,051

Stock-based Compensation - Addi

Stock-based Compensation - Additional Information (Details) - $ / shares	3 Months Ended	9 Months Ended
	Apr. 01, 2017	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period (in shares)		3,508,940
Weighted exercise price of options granted (in USD per share)		$ 53.68
Share based compensation vesting period		3 years
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period		3 years
Restricted stock units granted in period (in shares)		615,937
Share Based Compensation Arrangement By Share Based Payment Award Performance Baseline Period		3 years
Performance period		3 years
Grant date fair value of each restricted units granted (in USD per share)		$ 53.69
Percentage of targets award adjusted to actual number of shares earned		25.00%
Performance-Based Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of common stock to be issued for each restricted stock unit granted (in shares)		0
Performance-Based Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of common stock to be issued for each restricted stock unit granted (in shares)		2
TSR Adjustment Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of each restricted units granted (in USD per share)		$ 2.67
Nonperformance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period		4 years
Restricted stock units granted in period (in shares)		186,447
Number of shares of common stock to be issued for each restricted stock unit granted (in shares)		1
Grant date fair value of each restricted units granted (in USD per share)		$ 57.70
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period		5 years
Restricted stock units granted in period (in shares)		385,915
Grant date fair value of each restricted units granted (in USD per share)		$ 55.74
Nonemployee Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted period of time options become exercisable		1 year
Nonemployee Board of Directors | Nonperformance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted in period (in shares)	17,964
Grant date fair value of each restricted units granted (in USD per share)	$ 53.47
Award expiration period from grant date	1 year

Stock-based Compensation - Sche

Stock-based Compensation - Schedule of Assumption Used and Resulting Weighted Average Fair Value of Stock Option Granted (Details)	9 Months Ended
	Sep. 30, 2017$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum	23.00%
Expected volatility, maximum	30.00%
Weighted average expected volatility	24.00%
Weighted average dividend yield	2.80%
Risk-free interest rate, minimum	0.70%
Risk-free interest rate, maximum	2.40%
Weighted average fair value at date of grant (in USD per share)	$ 9.90
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 years 3 months 18 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	7 years 8 months 12 days

Income Taxes - Additional infor

Income Taxes - Additional information (Details) € in Millions, $ in Millions	Jan. 13, 2017USD ($)	Jan. 13, 2017EUR (€)	Sep. 30, 2017USD ($)	Oct. 01, 2016USD ($)	Jan. 10, 2017EUR (€)
Income Tax Contingency [Line Items]
Effective income tax rate			18.40%	17.90%
Net discrete tax benefits			$ 14.4	$ 40.3
Tax benefit related to the early adoption			12.5
Realization of unrecognized net tax benefit (expense)			4.1	15.6
Change in enacted tax rate			$ 1.9	4.1
Tax benefit related to stock compensation				$ 26.3
Tax reduction due to discrete items			1.60%	3.80%
Change in effective income tax rate without discrete items			1.70%
Increase in unrecognized tax benefits and associated interest			$ 2.6
Net unrecognized tax benefits and interest, if recognized, would reduce the annual effective tax rate			153.1
Possible decrease in unrecognized income tax benefits			19.1
Reduction in income tax expenses			$ 16.9
VF Europe BVBA | Domestic Tax Authority | Administration of the Treasury, Belgium
Income Tax Contingency [Line Items]
Tax and interest from settlement | €					€ 31.9
Tax remitted	$ 33.9	€ 31.9

Business Segment Information -

Business Segment Information - Financial Information for Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Segment Reporting Information [Line Items]
Revenues	$ 3,508,818	$ 3,327,716	$ 8,450,076	$ 8,282,599
Operating income	483,949	608,247	943,445	1,114,466
Impairment of goodwill	(104,651)	0	(104,651)	0
Income from continuing operations before income taxes	461,080	584,582	878,061	1,052,180
Interest expense, net	(22,537)	(22,568)	(63,332)	(63,982)
Corporate and other expenses	(96,567)	(65,012)	(252,044)	(211,910)
Outdoor & Action Sports
Segment Reporting Information [Line Items]
Revenues	2,502,590	2,326,436	5,647,587	5,378,272
Operating income	524,489	491,015	877,206	842,378
Impairment of goodwill			0
Jeanswear
Segment Reporting Information [Line Items]
Revenues	697,701	701,416	1,945,950	2,041,186
Operating income	121,218	142,427	323,994	388,564
Impairment of goodwill			0
Imagewear
Segment Reporting Information [Line Items]
Revenues	138,885	127,992	423,859	404,633
Operating income	22,377	23,981	72,349	74,497
Impairment of goodwill			0
Sportswear
Segment Reporting Information [Line Items]
Revenues	140,272	140,705	352,848	373,977
Operating income	17,488	15,080	27,764	26,156
Impairment of goodwill			(104,651)
Other Segments
Segment Reporting Information [Line Items]
Revenues	29,370	31,167	79,832	84,531
Operating income	(737)	(341)	(3,225)	(3,523)
Operating Segments
Segment Reporting Information [Line Items]
Operating income	$ 684,835	672,162	$ 1,298,088	1,328,072
Continuing Operations
Segment Reporting Information [Line Items]
Certain corporate overhead costs allocated to selling, general, and administrative expense		$ 6,000		$ 18,200

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Earnings per share – basic:
Income from continuing operations	$ 386,764	$ 485,224	$ 716,308	$ 863,652
Weighted average common shares outstanding (in shares)	393,258	413,461	400,771	417,067
Earnings per share from continuing operations (in USD per share)	$ 0.98	$ 1.17	$ 1.79	$ 2.07
Earnings per share – diluted:
Income from continuing operations	$ 386,764	$ 485,224	$ 716,308	$ 863,652
Weighted average common shares outstanding (in shares)	393,258	413,461	400,771	417,067
Incremental shares from stock options and other dilutive securities (in shares)	4,126	5,779	3,848	6,410
Adjusted weighted average common shares outstanding (in shares)	397,384	419,240	404,619	423,477
Earnings per share from continuing operations (in USD per share)	$ 0.97	$ 1.16	$ 1.77	$ 2.04

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Employees And Non Employees Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options excluded from computation of earnings per share	4.9	5.2	8.6	5.3
Performance-Based Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options excluded from computation of earnings per share	1.1	1	1.1	1

Fair Value Measurements - Class

Fair Value Measurements - Classes of Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Cash equivalents:
Money market funds	$ 405,045	$ 840,842
Time deposits	8,307	14,774
Derivative financial instruments	26,658	103,340	$ 75,497
Investment securities	202,721	196,738
Financial liabilities:
Derivative financial instruments	89,212	25,574	$ 32,181
Deferred compensation	233,151	232,214
Level 1
Cash equivalents:
Money market funds	405,045	840,842
Time deposits	8,307	14,774
Investment securities	189,744	179,673
Level 2
Cash equivalents:
Derivative financial instruments	26,658	103,340
Investment securities	12,977	17,065
Financial liabilities:
Derivative financial instruments	89,212	25,574
Deferred compensation	$ 233,151	$ 232,214

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016	Jan. 02, 2010	Aug. 26, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, carrying values	$ 2,398,100,000		$ 2,398,100,000				$ 2,292,900,000
Impairment of fixed asset		$ 0		$ 0
Impairment of goodwill	104,651,000	0	104,651,000	0
Goodwill	1,642,873,000	$ 1,769,838,000	1,642,873,000	$ 1,769,838,000			1,708,323,000
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair values	2,614,600,000		2,614,600,000				2,486,600,000
Sportswear
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of goodwill			104,651,000
Goodwill	52,663,000		52,663,000				$ 157,314,000
Sportswear | Nautica
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of goodwill	104,700,000		104,700,000		$ 58,500,000
Goodwill						$ 153,700,000
Corporate Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of fixed asset	$ 8,600,000		$ 8,600,000
Trademark | Sportswear | Nautica
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortizable intangible assets, net carrying amount						$ 217,400,000

Derivative Financial Instrume64

Derivative Financial Instruments and Hedging Activities - Additional Information (Details) € in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)	Oct. 01, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2017EUR (€)	Oct. 01, 2016USD ($)	Dec. 31, 2016USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative contract maturity (up to)			20 months	20 months
No significant amounts recognized in earnings for the ineffective portion	$ 0	$ 0	$ 0		$ 0
Net pretax deferred gains for foreign currency exchange contracts that are expected to be reclassified to earnings during next 12 months			42,800,000
Remaining pretax deferred net loss in Accumulated OCI	19,200,000		19,200,000
Net deferred loss in accumulated OCI reclassified to earnings	1,200,000	1,100,000	3,500,000		3,400,000
Net deferred loss in accumulated OCI expected to be reclassified to earnings over remainder of year	4,900,000		4,900,000
Foreign currency exchange
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount of foreign currency derivatives	2,400,000,000	2,200,000,000	2,400,000,000		2,200,000,000	$ 2,200,000,000
Net Investment Hedge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount of nonderivative instruments | €				€ 850
Gain (loss) on derivative used in net investment hedge	20,400,000	0	65,500,000
Amount of ineffectiveness on net investment hedges	$ 0	$ 0	$ 0		$ 0

Derivative Financial Instrume65

Derivative Financial Instruments and Hedging Activities - Outstanding Derivatives on Individual Contract Basis at Gross Amounts (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value of Derivatives with Unrealized Gains	$ 26,658	$ 103,340	$ 75,497
Fair Value of Derivatives with Unrealized Losses	(89,212)	(25,574)	(32,181)
Foreign currency exchange contracts designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value of Derivatives with Unrealized Gains	26,451	103,340	75,497
Fair Value of Derivatives with Unrealized Losses	(88,593)	(25,292)	(31,996)
Foreign currency exchange contracts not designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value of Derivatives with Unrealized Gains	207	0	0
Fair Value of Derivatives with Unrealized Losses	$ (619)	$ (282)	$ (185)

Derivative Financial Instrume66

Derivative Financial Instruments and Hedging Activities - Fair Value of Derivative Assets and Liabilities in Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Derivative Asset
Gross amounts presented in the Consolidated Balance Sheets	$ 26,658	$ 103,340	$ 75,497
Gross amounts not offset in the Consolidated Balance Sheets	(26,001)	(22,341)	(19,328)
Net amounts	657	80,999	56,169
Derivative Liability
Gross amounts presented in the Consolidated Balance Sheets	(89,212)	(25,574)	(32,181)
Gross amounts not offset in the Consolidated Balance Sheets	26,001	22,341	19,328
Net amounts	$ (63,211)	$ (3,233)	$ (12,853)

Derivative Financial Instrume67

Derivative Financial Instruments and Hedging Activities - Derivatives Classified as Current or Noncurrent Based on Maturity Dates (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Other current assets	$ 23,387	$ 84,519	$ 66,231
Accrued liabilities	(75,266)	(18,574)	(28,852)
Other assets	3,271	18,821	9,266
Other liabilities	$ (13,946)	$ (7,000)	$ (3,329)

Derivative Financial Instrume68

Derivative Financial Instruments and Hedging Activities - Effects of Cash Flow Hedging included in Consolidated Statements of Income and Consolidated Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	$ 4,609	$ 28,458	$ 32,419	$ 87,777
Foreign currency exchange
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in OCI	(51,147)	9,571	(117,580)	32,837
Foreign currency exchange | Net sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	11,614	14,676	25,074	11,997
Foreign currency exchange | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	(4,164)	15,485	12,763	80,094
Foreign currency exchange | Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	(882)	(1,098)	(1,212)	(3,611)
Foreign currency exchange | Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	(774)	526	(688)	2,653
Interest rate contract | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	$ (1,185)	$ (1,131)	$ (3,518)	$ (3,356)

Derivative Financial Instrume69

Derivative Financial Instruments and Hedging Activities - Hedges Included in Consolidated Statements of Income (Details) - Foreign currency exchange contracts not designated as hedging instruments - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in Income	$ (1,266)	$ (620)	$ (2,372)	$ (971)
Cost of goods sold | Foreign currency exchange
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in Income	(927)	(510)	(294)	225
Other income (expense), net | Foreign currency exchange
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in Income	$ (339)	$ (110)	$ (2,078)	$ (1,196)

Recently Adopted and Issued A70

Recently Adopted and Issued Accounting Standards - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016	Jan. 02, 2010	Jan. 01, 2017
New Accounting Pronouncement, Early Adoption [Line Items]
Impairment of goodwill	$ 104,651	$ 0	$ 104,651	$ 0
New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2016-18
New Accounting Pronouncement, Early Adoption [Line Items]
Restricted cash	4,100	$ 4,400	4,100	$ 4,400
Other Assets | New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2016-16
New Accounting Pronouncement, Early Adoption [Line Items]
Cumulative effect of new accounting principle in period of adoption, reduction						$ (237,800)
Retained Earnings | New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2016-16
New Accounting Pronouncement, Early Adoption [Line Items]
Cumulative effect of new accounting principle in period of adoption, reduction						$ 237,800
Sportswear
New Accounting Pronouncement, Early Adoption [Line Items]
Impairment of goodwill			104,651
Nautica | Sportswear
New Accounting Pronouncement, Early Adoption [Line Items]
Impairment of goodwill	$ 104,700		$ 104,700		$ 58,500

Restructuring - Additional Info

Restructuring - Additional Information (Details) $ in Millions	3 Months Ended
	Dec. 31, 2016USD ($)
Restructuring and Related Activities [Abstract]
Restructuring charges	$ 58.1

Restructuring - Activity in Res

Restructuring - Activity in Restructuring Accrual (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Restructuring Reserve [Roll Forward]
Amounts recorded in accrued liabilities, beginning	$ 53,598
Cash payments	(25,393)
Adjustments to accruals	(3,001)
Currency translation	824
Amounts recorded in accrued liabilities. ending	26,028
Severance
Restructuring Reserve [Roll Forward]
Amounts recorded in accrued liabilities, beginning	52,720
Cash payments	(24,515)
Adjustments to accruals	(3,001)
Currency translation	824
Amounts recorded in accrued liabilities. ending	26,028
Other
Restructuring Reserve [Roll Forward]
Amounts recorded in accrued liabilities, beginning	878
Cash payments	(878)
Adjustments to accruals	0
Currency translation	0
Amounts recorded in accrued liabilities. ending	$ 0

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 01, 2017	Oct. 02, 2017	Sep. 30, 2017	Oct. 01, 2016	Apr. 30, 2018	Oct. 19, 2017
Subsequent Event [Line Items]
Payments on long-term debt			$ 2,749	$ 12,385
Subsequent Event | Dividend Declared
Subsequent Event [Line Items]
Cash dividend (in USD per share)						$ 0.46
Williamson-Dickie Mfg. Co. | Subsequent Event
Subsequent Event [Line Items]
Payments to acquire businesses		$ 800,700
Business acquisition, percentage acquired		100.00%
Notes Payable to Banks | Subsequent Event
Subsequent Event [Line Items]
Payments on long-term debt	$ 250,000
Notes, stated percentage	5.95%
Scenario, Forecast | Icebreaker Holdings, Ltd
Subsequent Event [Line Items]
Business acquisition, percentage acquired					100.00%