V.F. (VFC) 10-K 2 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jan. 02, 2016	Jan. 30, 2016	Jul. 04, 2015
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jan. 2, 2016
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	VFC
Entity Registrant Name	V F CORP
Entity Central Index Key	103,379
Current Fiscal Year End Date	--01-02
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		424,474,994
Entity Public Float			$ 24,397,000,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Current assets
Cash and equivalents	$ 945,605	$ 971,895
Accounts receivable, less allowance for doubtful accounts of $23,919 in 2015 and $26,694 in 2014	1,319,558	1,276,224
Inventories	1,611,994	1,482,804
Other current assets	285,979	300,646
Total current assets	4,163,136	4,031,569
Property, plant and equipment	988,159	942,181
Intangible assets	2,112,619	2,433,552
Goodwill	1,788,407	1,824,956
Other assets	587,221	613,042
Total assets	9,639,542	9,845,300
Current liabilities
Short-term borrowings	449,590	21,822
Current portion of long-term debt	13,279	3,975
Accounts payable	689,594	690,842
Accrued liabilities	789,250	897,426
Total current liabilities	1,941,713	1,614,065
Long-term debt	1,401,820	1,413,847
Other liabilities	$ 911,171	$ 1,186,506
Commitments and contingencies
Total liabilities	$ 4,254,704	$ 4,214,418
Stockholders' equity
Preferred Stock, par value $1; shares authorized, 25,000,000; no shares outstanding in 2015 and 2014	0	0
Common Stock, stated value $0.25; shares authorized, 1,200,000,000; 426,614,274 shares outstanding in 2015 and 432,859,891 shares outstanding in 2014	106,654	108,215
Additional paid-in capital	3,192,675	2,993,186
Accumulated other comprehensive income (loss)	(1,043,222)	(702,272)
Retained earnings	3,128,731	3,231,753
Total stockholders' equity	5,384,838	5,630,882
Total liabilities and stockholders' equity	$ 9,639,542	$ 9,845,300

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Accounts receivable, allowance for doubtful accounts	$ 23,919	$ 26,694
Preferred Stock, par value	$ 1	$ 1
Preferred Stock, shares authorized	25,000,000	25,000,000
Preferred Stock, shares outstanding	0	0
Common Stock, stated value	$ 0.25	$ 0.25
Common Stock, shares authorized	1,200,000,000	1,200,000,000
Common Stock, shares outstanding	426,614,274	432,859,891

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands		12 Months Ended
		Jan. 02, 2016		Jan. 03, 2015		Dec. 28, 2013
Net sales		$ 12,250,678		$ 12,154,784		$ 11,302,350
Royalty income		126,066		127,377		117,298
Total revenues		12,376,744	[1],[2]	12,282,161	[2],[3]	11,419,648
Costs and operating expenses
Cost of goods sold		6,393,800		6,288,190		5,931,469
Selling, general and administrative expenses		4,178,386		4,159,885		3,841,032
Impairment of goodwill and intangible assets	[4]	143,562		396,362
Total costs and operating expenses		10,715,748		10,844,437		9,772,501
Operating income		1,660,996	[1],[2]	1,437,724	[2],[3]	1,647,147
Interest income		7,152		6,911		4,141
Interest expense		(89,414)		(86,725)		(84,773)
Other income (expense), net		1,655		(5,544)		(4,025)
Income before income taxes		1,580,389		1,352,366		1,562,490
Income taxes		348,796		304,861		352,371
Net income		$ 1,231,593	[1],[2]	$ 1,047,505	[2],[3]	$ 1,210,119
Earnings per common share
Basic		$ 2.90	[1],[2],[5]	$ 2.42	[2],[3],[5]	$ 2.76
Diluted		2.85	[1],[2],[5]	2.38	[2],[3],[5]	2.71
Cash dividends per common share		$ 1.3300	[1],[2],[5]	$ 1.1075	[2],[3],[5]	$ 0.9150
[1]	Intangible asset impairment charges in the fourth quarter of 2015 reduced fourth quarter and full year operating results as follows: operating income - $143.6 million; net income - $97.1 million; and diluted earnings per share - $0.23. In addition, these intangible asset impairment charges reduced fourth quarter and full year 2015 basic earnings per share by $0.23 and $0.22, respectively. See Notes E, F and S.
[2]	The fourth quarter and full year 2015 consisted of 13 weeks and 52 weeks, respectively, compared with 14 weeks and 53 weeks in the respective 2014 periods.
[3]	Goodwill and intangible asset impairment charges in the fourth quarter of 2014 reduced fourth quarter and full year operating results as follows: operating income - $396.4 million; net income - $306.8 million; basic earnings per share - $0.71; and diluted earnings per share - $0.70. See Notes E, F and S.
[4]	Reflects impairment charges in 2015 and 2014 related to the Contemporary Brands coalition. See Notes E, F and S for additional information.
[5]	Per share amounts are computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding and rounding.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016		Jan. 03, 2015		Dec. 28, 2013
Net income	$ 1,231,593	[1],[2]	$ 1,047,505	[2],[3]	$ 1,210,119
Foreign currency translation
Gains (losses) arising during year	(361,814)		(469,663)		109,463
Less income tax effect	586		6,075		1,252
Defined benefit pension plans
Current year actuarial gains (losses) and plan amendments	(62,556)		(203,234)		146,746
Amortization of net deferred actuarial losses	61,966		37,518		85,356
Amortization of deferred prior service costs	3,038		5,445		1,270
Settlement charges	4,062
Less income tax effect	(1,571)		60,588		(90,285)
Derivative financial instruments
Gains (losses) arising during year	89,993		88,387		(8,133)
Less income tax effect	(34,668)		(34,736)		3,196
Reclassification to net income for (gains) losses realized	(64,976)		32,111		(12,169)
Less income tax effect	25,404		(12,619)		4,782
Marketable securities
Gains (losses) arising during year	495		(698)		1,239
Less income tax effect	(195)		274		(542)
Reclassification to net income for (gains) losses realized	(1,177)
Less income tax effect	463
Net other comprehensive income (loss)	(340,950)		(490,552)		242,175
Comprehensive income	$ 890,643		$ 556,953		$ 1,452,294
[1]	Intangible asset impairment charges in the fourth quarter of 2015 reduced fourth quarter and full year operating results as follows: operating income - $143.6 million; net income - $97.1 million; and diluted earnings per share - $0.23. In addition, these intangible asset impairment charges reduced fourth quarter and full year 2015 basic earnings per share by $0.23 and $0.22, respectively. See Notes E, F and S.
[2]	The fourth quarter and full year 2015 consisted of 13 weeks and 52 weeks, respectively, compared with 14 weeks and 53 weeks in the respective 2014 periods.
[3]	Goodwill and intangible asset impairment charges in the fourth quarter of 2014 reduced fourth quarter and full year operating results as follows: operating income - $396.4 million; net income - $306.8 million; basic earnings per share - $0.71; and diluted earnings per share - $0.70. See Notes E, F and S.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		12 Months Ended
		Jan. 02, 2016		Jan. 03, 2015		Dec. 28, 2013
Operating activities
Net income		$ 1,231,593	[1],[2]	$ 1,047,505	[2],[3]	$ 1,210,119
Adjustments to reconcile net income to cash provided by operating activities:
Impairment of goodwill and intangible assets	[4]	143,562		396,362
Depreciation and amortization		272,075		274,883		253,273
Stock-based compensation		73,420		104,313		87,118
Provision for doubtful accounts		12,006		(2,198)		15,756
Pension expense less than contributions		(208,709)		(9,864)		(28,102)
Deferred income taxes		7,088		(78,064)		(12,370)
Other, net		(34,784)		4,112		14,306
Changes in operating assets and liabilities:
Accounts receivable		(124,248)		854		(155,053)
Inventories		(175,098)		(130,540)		(47,240)
Accounts payable		14,225		69,807		75,073
Income taxes		(52,714)		(44,144)		16,628
Accrued liabilities		(14,505)		41,989		84,472
Other assets and liabilities		2,599		22,614		(7,939)
Cash provided by operating activities		1,146,510		1,697,629		1,506,041
Investing activities
Capital expenditures		(254,501)		(234,077)		(271,153)
Software purchases		(63,283)		(67,943)		(53,989)
Other, net		(5,038)		(27,235)		(25,131)
Cash used by investing activities		(322,822)		(329,255)		(350,273)
Financing activities
Net increase in short-term borrowings		432,262		4,761		9,032
Payments on long-term debt		(3,975)		(4,760)		(404,872)
Payment of debt issuance costs		(1,475)
Purchases of treasury stock		(732,623)		(727,795)		(282,024)
Cash dividends paid		(565,275)		(478,933)		(402,136)
Proceeds from issuance of Common Stock, net of shares withheld for taxes		30,871		34,869		48,029
Tax benefits of stock-based compensation		56,920		64,437		48,140
Cash used by financing activities		(783,295)		(1,107,421)		(983,831)
Effect of foreign currency rate changes on cash and equivalents		(66,683)		(65,461)		7,005
Net change in cash and equivalents		(26,290)		195,492		178,942
Cash and equivalents - beginning of year		971,895		776,403		597,461
Cash and equivalents - end of year		$ 945,605		$ 971,895		$ 776,403
[1]	Intangible asset impairment charges in the fourth quarter of 2015 reduced fourth quarter and full year operating results as follows: operating income - $143.6 million; net income - $97.1 million; and diluted earnings per share - $0.23. In addition, these intangible asset impairment charges reduced fourth quarter and full year 2015 basic earnings per share by $0.23 and $0.22, respectively. See Notes E, F and S.
[2]	The fourth quarter and full year 2015 consisted of 13 weeks and 52 weeks, respectively, compared with 14 weeks and 53 weeks in the respective 2014 periods.
[3]	Goodwill and intangible asset impairment charges in the fourth quarter of 2014 reduced fourth quarter and full year operating results as follows: operating income - $396.4 million; net income - $306.8 million; basic earnings per share - $0.71; and diluted earnings per share - $0.70. See Notes E, F and S.
[4]	Reflects impairment charges in 2015 and 2014 related to the Contemporary Brands coalition. See Notes E, F and S for additional information.

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total		Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings
Balance at Dec. 29, 2012			$ 110,205	$ 2,527,868	$ (453,895)	$ 2,941,447
Balance (in shares) at Dec. 29, 2012			440,818,936
Net income	$ 1,210,119					1,210,119
Dividends on Common Stock						(402,136)
Purchases of treasury stock (in Shares)			(6,849,160)
Purchase of treasury stock			$ (1,712)			(280,408)
Stock-based compensation, net (in Shares)			6,340,594
Stock-based compensation, net			$ 1,585	218,722		(36,932)
Foreign currency translation					110,715
Defined benefit pension plans					143,087
Derivative financial instruments					(12,324)
Marketable securities					697
Balance (in shares) at Dec. 28, 2013			440,310,370
Balance at Dec. 28, 2013			$ 110,078	2,746,590	(211,720)	3,432,090
Net income	$ 1,047,505	[1],[2]				1,047,505
Dividends on Common Stock						(478,933)
Purchases of treasury stock (in Shares)			(12,037,000)
Purchase of treasury stock			$ (3,009)			(724,786)
Stock-based compensation, net (in Shares)			4,586,521
Stock-based compensation, net			$ 1,146	246,596		(44,123)
Foreign currency translation					(463,588)
Defined benefit pension plans					(99,683)
Derivative financial instruments					73,143
Marketable securities					(424)
Balance (in shares) at Jan. 03, 2015	432,859,891		432,859,891
Balance at Jan. 03, 2015	$ 5,630,882		$ 108,215	2,993,186	(702,272)	3,231,753
Net income	$ 1,231,593	[2],[3]				1,231,593
Dividends on Common Stock						(565,275)
Purchases of treasury stock (in Shares)	(10,000,000)		(10,036,100)
Purchase of treasury stock	$ (730,100)		$ (2,509)			(730,114)
Stock-based compensation, net (in Shares)			3,790,483
Stock-based compensation, net			$ 948	199,489		(39,226)
Foreign currency translation					(361,228)
Defined benefit pension plans					4,939
Derivative financial instruments					15,753
Marketable securities					(414)
Balance (in shares) at Jan. 02, 2016	426,614,274		426,614,274
Balance at Jan. 02, 2016	$ 5,384,838		$ 106,654	$ 3,192,675	$ (1,043,222)	$ 3,128,731
[1]	Goodwill and intangible asset impairment charges in the fourth quarter of 2014 reduced fourth quarter and full year operating results as follows: operating income - $396.4 million; net income - $306.8 million; basic earnings per share - $0.71; and diluted earnings per share - $0.70. See Notes E, F and S.
[2]	The fourth quarter and full year 2015 consisted of 13 weeks and 52 weeks, respectively, compared with 14 weeks and 53 weeks in the respective 2014 periods.
[3]	Intangible asset impairment charges in the fourth quarter of 2015 reduced fourth quarter and full year operating results as follows: operating income - $143.6 million; net income - $97.1 million; and diluted earnings per share - $0.23. In addition, these intangible asset impairment charges reduced fourth quarter and full year 2015 basic earnings per share by $0.23 and $0.22, respectively. See Notes E, F and S.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jan. 02, 2016
Summary of Significant Accounting Policies	Note A — Summary of Significant Accounting Policies Description of Business VF Corporation (together with its subsidiaries, collectively known as “VF”) is a global apparel and footwear company based in the United States. VF designs, produces, procures, markets and distributes a variety of products, including jeanswear, outerwear, footwear, backpacks, luggage, sportswear, and occupational and performance apparel, for consumers of all ages. Products are marketed primarily under VF-owned brand names. Basis of Presentation The consolidated financial statements and related disclosures are presented in accordance with generally accepted accounting principles in the U.S (“GAAP”). The consolidated financial statements include the accounts of VF and its controlled subsidiaries, after elimination of intercompany transactions and balances. Fiscal Year VF operates and reports using a 52/53 week fiscal year ending on the Saturday closest to December 31 of each year. All references to “2015”, “2014” and “2013” relate to the 52-week fiscal year ended January 2, 2016, the 53-week fiscal year ended January 3, 2015, and the 52-week fiscal year ended December 28, 2013, respectively. Certain foreign subsidiaries report using a December 31 year-end due to local statutory requirements. Use of Estimates In preparing the consolidated financial statements in accordance with GAAP, management makes estimates and assumptions that affect amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates. Foreign Currency Translation and Transaction The financial statements of most foreign subsidiaries are measured using the foreign currency as the functional currency. Assets and liabilities denominated in a foreign currency are translated into U.S. dollars using exchange rates in effect at the balance sheet date, and revenues and expenses are translated at average exchange rates during the period. Resulting translation gains and losses, and transaction gains and losses on long-term advances to foreign subsidiaries, are reported in other comprehensive income (loss) (“OCI”). Foreign currency transactions are denominated in a currency other than the functional currency of a particular entity. These transactions generally result in receivables or payables that are fixed in the foreign currency. Transaction gains or losses arise when exchange rate fluctuations either increase or decrease the functional currency cash flows from the originally recorded transaction. As discussed in Note T, VF enters into derivative contracts to manage foreign currency risk on certain of these transactions. Foreign currency transaction gains and losses reported in the Consolidated Statements of Income, net of the related hedging impact, were a loss of $9.0 million in 2015, a gain of $6.1 million in 2014, and a gain of $9.1 million in 2013. Cash and Equivalents Cash and equivalents are demand deposits, receivables from third-party credit card processors, and highly liquid investments that mature within three months of their purchase dates. Cash equivalents totaling $535.1 million and $585.9 million at December 2015 and 2014, respectively, consist of money market funds and short-term time deposits. Accounts Receivable Trade accounts receivable are recorded at invoiced amounts, less estimated allowances for trade terms, sales incentive programs, discounts, markdowns, chargebacks and returns as discussed below in Revenue Recognition Inventories Inventories are stated at the lower of cost or net realizable value. Cost is determined on the first-in, first-out (“FIFO”) method and is net of discounts or rebates received from vendors. Long-lived Assets, Including Goodwill and Intangible Assets Property, plant and equipment, intangible assets and goodwill are initially recorded at cost. VF capitalizes improvements to property, plant and equipment that substantially extend the useful life of the asset, and interest cost incurred during construction of major assets. Assets under capital leases are recorded at the present value of minimum lease payments. Repair and maintenance costs are expensed as incurred. Cost for acquired intangible assets is fair value, based generally on the present value of expected cash flows. Trademark intangible assets represent individual acquired trademarks, some of which are registered in multiple countries. Customer relationship intangible assets are based on the value of relationships with wholesale customers in place at the time of acquisition. License intangible assets relate to numerous licensing contracts, with VF as either the licensor or licensee. Goodwill represents the excess of cost of an acquired business over the fair value of net tangible assets and identifiable intangible assets acquired. Goodwill is assigned at the reporting unit level. Depreciation of property, plant and equipment is computed using the straight-line method over the estimated useful lives of the assets, ranging from 3 to 10 years for machinery and equipment and up to 40 years for buildings. Amortization expense for leasehold improvements and assets under capital leases is recognized over the shorter of their estimated useful lives or the lease terms, and is included in depreciation expense. Intangible assets determined to have indefinite lives, consisting of major trademarks and trade names, are not amortized. Other intangible assets, primarily customer relationships, contracts to license trademarks to third parties and contracts to license trademarks from third parties, are amortized over their estimated useful lives ranging from 3 to 30 years. Amortization of intangible assets is computed using straight-line or accelerated methods consistent with the timing of the expected benefits to be received. Depreciation and amortization expense related to producing or otherwise obtaining finished goods inventories is included in cost of goods sold, and other depreciation and amortization expense is included in selling, general and administrative expenses. VF’s policy is to review property, plant and equipment and amortizable intangible assets for possible impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group might be impaired. If forecasted undiscounted cash flows to be generated by the asset are not expected to recover the asset’s carrying value, an impairment charge is recorded for the excess of the asset’s carrying value over its estimated fair value. VF’s policy is to evaluate indefinite-lived intangible assets and goodwill for possible impairment as of the beginning of the fourth quarter of each year, or whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. VF may first assess qualitative factors as a basis for determining whether it is necessary to perform quantitative impairment testing. If VF determines that it is not more likely than not that the fair value of an asset or reporting unit is less than its carrying value, then no further testing is required. Otherwise, the assets must be quantitatively tested for impairment. An indefinite-lived intangible asset is quantitatively evaluated for possible impairment by comparing the estimated fair value of the asset with its carrying value. An impairment charge is recorded if the carrying value of the asset exceeds its estimated fair value. Goodwill is quantitatively evaluated for possible impairment by comparing the estimated fair value of a reporting unit with its carrying value, including the goodwill assigned to that reporting unit. An impairment charge is recorded if the carrying value of the goodwill exceeds its implied fair value. Derivative Financial Instruments Derivative financial instruments are measured at fair value in the Consolidated Balance Sheets. Unrealized gains and losses are recognized as assets and liabilities, respectively, and classified as current or noncurrent based on the derivatives’ maturity dates. The accounting for changes in the fair value of derivative instruments (i.e., gains and losses) depends on whether a derivative has been designated and qualifies as part of a hedging relationship and on the nature of the hedging relationship. The criteria used to determine if a derivative instrument qualifies for hedge accounting treatment are (i) whether an appropriate hedging instrument has been identified and designated to reduce a specific exposure and (ii) whether there is a high correlation between changes in the fair value of the hedging instrument and the identified exposure based on the nature of the hedging relationship. VF’s hedging practices are described in Note T. VF does not use derivative instruments for trading or speculative purposes. Hedging cash flows are classified in the Consolidated Statements of Cash Flows in the same category as the items being hedged. VF formally documents hedging instruments and hedging relationships at the inception of each contract. Further, at the inception of a contract and on an ongoing basis, VF assesses whether the hedging instruments are effective in offsetting the risk of the hedged transactions. Occasionally, a portion of a derivative instrument will be considered ineffective in hedging the originally identified exposure due to a decline in amount or a change in timing of the hedged exposure. In that case, hedge accounting treatment is discontinued for the ineffective portion of that hedging instrument, and any change in fair value for the ineffective portion is recognized in net income. VF also uses derivative contracts to manage foreign currency exchange risk on certain assets and liabilities. These contracts are not designated as hedges, and are measured at fair value in the Consolidated Balance Sheets with changes in fair value recognized directly in net income. The counterparties to the derivative contracts are financial institutions having at least A-rated investment grade credit ratings. To manage its credit risk, VF continually monitors the credit risks of its counterparties, limits its exposure in the aggregate and to any single counterparty, and adjusts its hedging positions as appropriate. The impact of VF’s credit risk and the credit risk of its counterparties, as well as the ability of each party to fulfill its obligations under the contracts, is considered in determining the fair value of the derivative contracts. Credit risk has not had a significant effect on the fair value of VF’s derivative contracts. VF does not have any credit risk-related contingent features or collateral requirements with its derivative contracts. Revenue Recognition Revenue is recognized when (i) there is a contract or other arrangement of sale, (ii) the sales price is fixed or determinable, (iii) title and the risks of ownership have been transferred to the customer and (iv) collection of the receivable is reasonably assured. Sales to wholesale customers and e-commerce sales are generally recognized when the product has been received by the customer. Sales at VF-operated retail stores are recognized at the time products are purchased by consumers. Revenue from the sale of gift cards is deferred until the gift card is redeemed by the customer or the Company determines that the likelihood of redemption is remote and that it does not have a legal obligation to remit the value of the unredeemed gift card to any jurisdiction under unclaimed property regulations. Net sales reflect adjustments for estimated allowances for trade terms, sales incentive programs, discounts, markdowns, chargebacks and returns. These allowances are estimated based on evaluations of specific product and customer circumstances, historical and anticipated trends, and current economic conditions. Shipping and handling costs billed to customers are included in net sales. Sales taxes and value added taxes collected from customers and remitted directly to governmental authorities are excluded from net sales. Royalty income is recognized as earned based on the greater of the licensees’ sales of licensed products at rates specified in the licensing contracts or contractual minimum royalty levels. Cost of Goods Sold Cost of goods sold for VF-manufactured goods includes all materials, labor and overhead costs incurred in the production process. Cost of goods sold for purchased finished goods includes the purchase costs and related overhead. In both cases, overhead includes all costs related to manufacturing or purchasing finished goods, including costs of planning, purchasing, quality control, depreciation, freight, duties, royalties paid to third parties and shrinkage. For product lines with a warranty, a provision for estimated future repair or replacement costs, based on historical and anticipated trends, is recorded when these products are sold. Selling, General and Administrative Expenses Selling, general and administrative expenses include costs of product development, selling, marketing and advertising, VF-operated retail stores, concession retail stores, warehousing, distribution, shipping and handling, licensing and administration. Advertising costs are expensed as incurred and totaled $712.6 million in 2015, $713.7 million in 2014 and $671.3 million in 2013. Advertising costs include cooperative advertising payments made to VF’s customers as reimbursement for their costs of advertising VF’s products, and totaled $61.9 million in 2015, $62.6 million in 2014 and $58.6 million in 2013. Shipping and handling costs for delivery of products to customers totaled $348.1 million in 2015, $309.9 million in 2014 and $298.5 million in 2013. Expenses related to royalty income, including amortization of licensed intangible assets, were $13.0 million in 2015, $13.2 million in 2014 and $13.4 million in 2013. Rent Expense VF enters into noncancelable operating leases for retail stores, office space, distribution facilities and equipment. Leases for real estate typically have initial terms ranging from 3 to 15 years, generally with renewal options. Leases for equipment typically have initial terms ranging from 2 to 5 years. Most leases have fixed rentals, with many of the real estate leases requiring additional payments for real estate taxes and occupancy-related costs. Contingent rent expense, owed when sales at individual retail store locations exceed a stated base amount, is recognized when the liability is probable. Rent expense for leases having rent holidays, landlord incentives or scheduled rent increases is recorded on a straight-line basis over the lease term beginning with the earlier of the lease commencement date, or the date VF takes possession or control of the leased premises. The amount of the excess straight-line rent expense over scheduled payments is recorded as a deferred liability. Self-insurance VF is self-insured for a significant portion of its employee medical, workers’ compensation, vehicle, property and general liability exposures. Liabilities for self-insured exposures are accrued at the present value of amounts expected to be paid based on historical claims experience and actuarial data for forecasted settlements of claims filed and for incurred but not yet reported claims. Accruals for self-insured exposures are included in current and noncurrent liabilities based on the expected periods of payment. Excess liability insurance has been purchased to limit the amount of self-insured risk on claims. Income Taxes Income taxes are provided on pretax income for financial reporting purposes. Income taxes are based on amounts of taxes payable or refundable in the current year and on expected future tax consequences of events that are recognized in the consolidated financial statements in different periods than they are recognized in tax returns. As a result of timing of recognition and measurement differences between financial accounting standards and income tax laws, temporary differences arise between amounts of pretax financial statement income and taxable income, and between reported amounts of assets and liabilities in the Consolidated Balance Sheets and their respective tax bases. Deferred income tax assets and liabilities reported in the Consolidated Balance Sheets reflect the estimated future tax impact of these temporary differences and net operating loss and net capital loss carryforwards, based on tax rates currently enacted for the years in which the differences are expected to be settled or realized. Realization of deferred tax assets is dependent on future taxable income in specific jurisdictions. Valuation allowances are used to reduce deferred tax assets to amounts considered more likely than not to be realized. U.S. deferred income taxes are not provided on undistributed income of foreign subsidiaries where such earnings are considered to be permanently reinvested. Accrued income taxes in the Consolidated Balance Sheets include unrecognized income tax benefits, along with related interest and penalties, appropriately classified as current or noncurrent. All deferred tax assets and liabilities are classified as noncurrent in the Consolidated Balance Sheets. The provision for income taxes also includes estimated interest and penalties related to uncertain tax positions. Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average number of shares of Common Stock outstanding during the period. Diluted earnings per share assumes conversion of potentially dilutive securities such as stock options, restricted stock and restricted stock units. Concentration of Risks VF markets products to a broad customer base throughout the world. Products are sold at a range of price points through multiple wholesale and direct-to-consumer channels. VF’s ten largest customers, all U.S.-based retailers, accounted for 22% of 2015 total revenues, and sales to VF’s largest customer accounted for 8% of 2015 total revenues. Sales are generally made on an unsecured basis under customary terms that may vary by product, channel of distribution or geographic region. VF continuously monitors the creditworthiness of its customers and has established internal policies regarding customer credit limits. The breadth of product offerings, combined with the large number and geographic diversity of its customers, limits VF’s concentration of risks. Legal and Other Contingencies Management periodically assesses liabilities and contingencies in connection with legal proceedings and other claims that may arise from time to time. When it is probable that a loss has been or will be incurred, an estimate of the loss is recorded in the consolidated financial statements. Estimates of losses are adjusted when additional information becomes available or circumstances change. A contingent liability is disclosed when there is at least a reasonable possibility that a material loss may have been incurred. Management believes that the outcome of any outstanding or pending matters, individually and in the aggregate, will not have a material adverse effect on the consolidated financial statements. Reclassifications Certain prior year amounts have been reclassified to conform with the 2015 presentation, as discussed below in Recently Adopted Accounting Standards Recently Adopted Accounting Standards In April 2014, the Financial Accounting Standards Board (“FASB”) changed the definition and disclosure requirements for discontinued operations. This guidance became effective in the first quarter of 2015, but did not have an impact on VF’s consolidated financial statements. In April 2015, the FASB issued an update to their accounting guidance related to retirement benefits that provides a practical expedient permitting companies to measure defined benefit plan assets and obligations using the month-end that is closest to an entity’s fiscal year-end. The Company early adopted this guidance as of December 2015, and measured plan assets and obligations as of December 31, 2015. This change in measurement date did not have a significant impact on VF’s consolidated financial statements. In April 2015, the FASB issued an update to their accounting guidance related to debt issuance costs. The guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with the presentation of debt discounts. The Company early adopted this guidance as of December 2015 on a retrospective basis, as presented in the table below. In May 2015, the FASB issued an update to their accounting guidance related to fair value measurements. The guidance removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient, and requires separate disclosure instead. The Company early adopted this guidance as of December 2015 on a retrospective basis. The new guidance did not impact disclosures related to VF’s investments, but did impact disclosures related to the Company’s defined benefit pension plan assets. Refer to Note L for additional information. In November 2015, the FASB issued an update to their accounting guidance on income taxes that eliminates the current requirement for companies to present deferred income tax assets and liabilities as current and noncurrent in a classified balance sheet. Instead, companies are required to classify all deferred tax assets and liabilities as noncurrent. The Company early adopted this guidance as of December 2015 on a retrospective basis, as presented in the table below. The impact of adopting the new accounting guidance on classification of debt issuance costs and deferred income taxes on VF’s 2014 Consolidated Balance Sheet is as follows: Balance Sheet Line Item 2014 Consolidated Reclassification of Costs Increase/ (Decrease) Reclassification of Taxes Increase/ (Decrease) 2014 Consolidated In thousands Deferred income taxes $ 154,285 $ — $ (154,285 ) $ — Other assets 593,597 (9,734 ) 29,179 613,042 Accrued liabilities 903,602 — (6,176 ) 897,426 Long-term debt 1,423,581 (9,734 ) — 1,413,847 Other liabilities 1,305,436 — (118,930 ) 1,186,506 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 new guidance contains principles that an entity must apply to determine when and how revenue is recognized. New disclosures about revenues and cash flows arising from contracts with customers are also required. In July 2015, the FASB approved a one-year delay to the adoption date of the standard that makes it effective in the first quarter of 2018 with early adoption permitted. The Company is evaluating the impact that adopting this guidance will have on VF’s consolidated financial statements. In June 2014, the FASB issued an update to their accounting guidance related to stock-based compensation. The guidance requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. This guidance will be effective in the first quarter of 2016, but will not impact VF’s consolidated financial statements. In February 2015, the FASB issued an update to their existing consolidation model, that changes the analysis a reporting entity must perform to determine whether it should consolidate certain types of legal entities. This guidance will be effective in the first quarter of 2016, but will not impact VF’s consolidated financial statements. In April 2015, the FASB issued new guidance related to a customer’s accounting for fees paid in a cloud computing arrangement. This guidance provides clarification on whether a cloud computing arrangement should be treated as a software license or a service contract. This guidance will be effective in the first quarter of 2016, but will not impact VF’s consolidated financial statements. 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 will be effective in the first quarter of 2017 with early adoption permitted, but will not impact VF’s consolidated financial statements. In September 2015, the FASB issued an update to their accounting guidance related to business combinations that simplifies the accounting for measurement-period adjustments. The guidance requires an acquirer to recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined, thus eliminating the requirement to restate prior period financial statements for measurement-period adjustments. This guidance will be effective in the first quarter of 2016, and will impact VF’s consolidated financial statements if the Company is the acquirer in a business combination that includes measurement-period adjustments. In January 2016, the FASB issued an update to their accounting guidance related to the recognition and measurement of certain financial instruments. The 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 in the first quarter of 2018 with early adoption permitted. The Company is evaluating the impact that adopting this guidance will have on VF’s consolidated financial statements. In February 2016, the FASB issued a new accounting standard on leasing. The new standard will require companies to record most leased assets and liabilities on the balance sheet, and also proposes a dual model for recognizing expense. This guidance will be effective in the first quarter of 2019 with early adoption permitted. The Company is evaluating the impact that adopting this guidance will have on VF’s consolidated financial statements.

Accounts Receivable

Accounts Receivable	12 Months Ended
	Jan. 02, 2016
Accounts Receivable	Note B — Accounts Receivable 2015 2014 In thousands Trade $ 1,265,758 $ 1,223,627 Royalty and other 77,719 79,291 Total accounts receivable 1,343,477 1,302,918 Less allowance for doubtful accounts 23,919 26,694 Accounts receivable, net $ 1,319,558 $ 1,276,224 VF has an agreement with a financial institution to sell selected trade accounts receivable on a recurring, nonrecourse basis. Under the agreement in place at December 2015, up to $237.5 million of VF’s accounts receivable could be sold to the financial institution and remain outstanding at any point in time. This agreement was amended in January 2016 to permit up to $367.5 million of VF’s sold accounts receivable to 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 2015 and 2014, VF sold total accounts receivable of $1,340.9 million and $1,247.4 million, respectively. As of December 2015 and 2014, $144.9 million and $130.3 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 other income (expense), net, and was $1.9 million in 2015, $1.7 million in 2014 and $1.8 million in 2013. Net proceeds of this program are classified in operating activities in the Consolidated Statements of Cash Flows.

Inventories

Inventories	12 Months Ended
	Jan. 02, 2016
Inventories	Note C — Inventories 2015 2014 In thousands Finished products $ 1,352,572 $ 1,232,623 Work in process 102,557 104,517 Raw materials 156,865 145,664 Total inventories $ 1,611,994 $ 1,482,804

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Jan. 02, 2016
Property, Plant and Equipment	Note D — Property, Plant and Equipment 2015 2014 In thousands Land and improvements $ 98,284 $ 57,151 Buildings and improvements 1,046,932 986,679 Machinery and equipment 1,266,886 1,225,293 Property, plant and equipment, at cost 2,412,102 2,269,123 Less accumulated depreciation and amortization 1,423,943 1,326,942 Property, plant and equipment, net $ 988,159 $ 942,181 Assets subject to a mortgage have a cost of $21.2 million, less accumulated depreciation of $3.8 million at the end of 2015 and $3.3 million at the end of 2014. All other property, plant and equipment is unencumbered.

Intangible Assets

Intangible Assets	12 Months Ended
	Jan. 02, 2016
Intangible Assets	Note E — Intangible Assets Weighted Amortization Cost Accumulated Net In thousands December 2015 Amortizable intangible assets: Customer relationships 20 years Accelerated $ 275,385 $ 119,338 $ 156,047 License agreements 24 years Accelerated and 179,626 93,086 86,540 Other 11 years Straight-line 5,636 2,193 3,443 Amortizable intangible assets, net 246,030 Indefinite-lived intangible assets: Trademarks and trade names 1,866,589 Intangible assets, net $ 2,112,619 Weighted Amortization Cost Accumulated Net In thousands December 2014 Amortizable intangible assets: Customer relationships 20 years Accelerated $ 593,575 $ 351,764 $ 241,811 License agreements 24 years Accelerated and 182,873 86,137 96,736 Other 9 years Straight-line 12,138 7,775 4,363 Amortizable intangible assets, net 342,910 Indefinite-lived intangible assets: Trademarks and trade names 2,090,642 Intangible assets, net $ 2,433,552 In 2015, VF recorded impairment charges of $40.5 million for 7 For All Mankind ® Splendid ® Ella Moss ® 7 For All Mankind ® Splendid ® Ella Moss ® In 2014, VF recorded impairment charges of $56.6 million for 7 For All Mankind ® Splendid ® Ella Moss ® 7 For All Mankind ® Splendid ® Ella Moss ® See Note S for additional information on the fair value measurements. Amortization expense (excluding impairment charges) for 2015, 2014 and 2013 was $28.6 million, $42.1 million and $45.8 million, respectively. Estimated amortization expense for the years 2016 through 2020 is $24.2 million, $22.9 million, $22.3 million, $21.6 million and 20.6 million, respectively.

Goodwill

Goodwill	12 Months Ended
	Jan. 02, 2016
Goodwill	Note F — Goodwill Changes in goodwill are summarized by business segment as follows: Outdoor & Action Sports Jeanswear Imagewear Sportswear Contemporary Total In thousands Balance, December 2013 $ 1,434,898 $ 228,430 $ 58,747 $ 157,314 $ 142,361 $ 2,021,750 Impairment charge — — — — (142,361 ) (142,361 ) Currency translation (45,445 ) (8,988 ) — — — (54,433 ) Balance, December 2014 1,389,453 219,442 58,747 157,314 — 1,824,956 Currency translation (29,978 ) (6,571 ) — — — (36,549 ) Balance, December 2015 $ 1,359,475 $ 212,871 $ 58,747 $ 157,314 $ — $ 1,788,407 VF did not record any impairment charges in 2015 or 2013 based on the results of its annual goodwill impairment testing. In 2014, VF recorded an impairment charge of $142.4 million to write off the goodwill in the Splendid ® Ella Moss ®

Other Assets

Other Assets	12 Months Ended
	Jan. 02, 2016
Other Assets	Note G — Other Assets 2015 2014 In thousands Investments held for deferred compensation plans (Note L) $ 205,283 $ 227,510 Other investments 10,706 15,666 Deferred income taxes (Note O) 39,246 49,431 Computer software, net of accumulated amortization of $99,124 in 2015 and $54,936 in 2014 177,642 170,269 Partnership stores and shop-in-shop costs, net of accumulated amortization of $96,819 in 2015 and $78,321 in 2014 45,514 44,581 Pension assets (Note L) 9,273 1,491 Deferred line of credit issuance costs 1,596 540 Derivative financial instruments (Note T) 12,995 20,269 Deposits 37,347 33,880 Other 47,619 49,405 Other assets $ 587,221 $ 613,042

Short-term Borrowings

Short-term Borrowings	12 Months Ended
	Jan. 02, 2016
Short-term Borrowings	Note H — Short-term Borrowings 2015 2014 In thousands Commercial paper borrowings $ 423,000 $ — International borrowing arrangements 26,590 21,822 Short-term borrowings $ 449,590 $ 21,822 In April 2015, VF entered into a $1.75 billion senior unsecured revolving line of credit (the “Global Credit Facility”) which supports the $1.75 billion U.S. commercial paper program described below. The Global Credit Facility expires in April 2020 and VF may request two extensions of one year each, subject to stated terms and conditions. The Global Credit Facility replaced VF’s $1.25 billion revolving credit facility that was scheduled to expire in December 2016. The Global Credit Facility may be used to borrow funds in both U.S. dollar and non-U.S. dollar currencies, and has a $50.0 million letter of credit sublimit. Borrowings under the Global Credit Facility are priced at a credit spread of 80.5 basis points over the appropriate LIBOR benchmark for each currency. VF is also required to pay a facility fee to the lenders, currently equal to 7.0 basis points of the committed amount of the facility. The credit spread and facility fee are subject to adjustment based on VF’s credit ratings. The Global Credit Facility contains certain restrictive covenants, which include maintenance of a consolidated indebtedness to consolidated capitalization ratio, as defined therein, equal to or below 60%. If VF fails in the performance of any covenants, the lenders may terminate their obligation to make advances and declare any outstanding obligations to be immediately due and payable. At the end of 2015, VF was in compliance with all covenants. VF has a commercial paper program that allows for borrowings of up to $1.75 billion to the extent that it has borrowing capacity under the Global Credit Facility. As of December 2015 and 2014, outstanding commercial paper borrowings totaled $423.0 million and $0, respectively. The Global Credit Facility also had $17.3 million of outstanding standby letters of credit issued on behalf of VF, leaving $1,309.7 million available for borrowing against this facility as of December 2015. VF has $110.1 million of international lines of credit with various banks, which are uncommitted and may be terminated at any time by either VF or the banks. Borrowings under these arrangements had a weighted average interest rate of 6.0% and 5.3% at December 2015 and 2014, respectively, excluding accepted letters of credit which are non-interest bearing to VF. Total outstanding balances under these arrangements were $26.6 million and $21.8 million at December 2015 and 2014, respectively.

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Jan. 02, 2016
Accrued Liabilities	Note I — Accrued Liabilities 2015 2014 In thousands Compensation $ 172,901 $ 210,652 Deferred compensation (Note L) 29,491 31,773 Income taxes 59,779 98,860 Other taxes 123,161 141,613 Advertising 56,338 52,155 Customer discounts and allowances 36,013 34,209 Interest 16,918 16,443 Derivative financial instruments (Note T) 25,776 26,968 Insurance 16,669 15,332 Product warranty claims (Note K) 13,550 14,467 Pension liabilities (Note L) 8,480 8,880 Freight, duties and postage 51,657 50,651 Other 178,517 195,423 Accrued liabilities $ 789,250 $ 897,426

Long-term Debt

Long-term Debt	12 Months Ended
	Jan. 02, 2016
Long-term Debt	Note J — Long-term Debt 2015 2014 In thousands 5.95% notes, due 2017 $ 249,586 $ 249,350 3.50% notes, due 2021 496,566 496,030 6.00% notes, due 2033 291,948 291,656 6.45% notes, due 2037 345,925 345,737 Other long-term debt 9,928 10,141 Capital leases 21,146 24,908 Total long-term debt 1,415,099 1,417,822 Less current portion 13,279 3,975 Long-term debt, due beyond one year $ 1,401,820 $ 1,413,847 Interest payments are due semiannually on all fixed-rate notes. All notes, along with any amounts outstanding under the Global Credit Facility (Note H), rank equally as senior unsecured obligations of VF. All notes contain customary covenants and events of default, including limitations on liens and sale-leaseback transactions and a cross-acceleration event of default. The cross-acceleration provision of the 2033 notes is triggered if more than $50.0 million of other debt is in default and has been accelerated by the lenders. For the other notes, the cross-acceleration trigger is $100.0 million. If VF fails in the performance of any covenant under the indentures that govern the respective notes, the trustee or lenders may declare the principal due and payable immediately. At the end of 2015, VF was in compliance with all covenants. None of the long-term debt agreements contain acceleration of maturity clauses based solely on changes in credit ratings. However, if there were a change in control of VF and, as a result of the change in control, the 2017, 2021 and 2037 notes were rated below investment grade by recognized rating agencies, then VF would be obligated to repurchase those notes at 101% of the aggregate principal amount plus any accrued interest. VF may redeem its fixed-rate notes, in whole or in part, at a price equal to the greater of (i) 100% of the principal amount, plus accrued interest to the redemption date, or (ii) the sum of the present value of the remaining scheduled payments of principal and interest discounted to the redemption date at an adjusted treasury rate, as defined, plus 20 basis points for the 2017 and 2021 notes and 25 basis points for the 2037 notes, plus accrued interest to the redemption date. In addition, the 2021 notes can be redeemed at 100% of the principal amount plus accrued interest to the redemption date within the three months prior to maturity. The 2017 and 2037 notes have a principal balance of $250.0 million and $350.0 million, respectively, and are recorded net of unamortized debt issuance costs. The 2021 notes have a principal balance of $500.0 million and are recorded net of unamortized original issue discount and debt issuance costs. Interest expense on these notes is recorded at an effective annual interest rate of 4.69%, including amortization of a deferred loss on an interest rate hedging contract (Note T), original issue discount and debt issuance costs. The 2033 notes have a principal balance of $300.0 million and are recorded net of unamortized original issue discount and debt issuance costs. Interest expense on these notes is recorded at an effective annual interest rate of 6.19%, including amortization of a deferred gain on an interest rate hedging contract (Note T), original issue discount and debt issuance costs. Capital leases relate primarily to buildings and improvements (Note D), expire at dates through 2021 and have an effective interest rate of 5.06%. Assets under capital leases are included in property, plant and equipment at a cost of $42.7 million, less accumulated amortization of $27.4 million at the end of 2015, and at a cost of $47.6 million, less accumulated amortization of $28.7 million at the end of 2014. The scheduled payments of long-term debt and future minimum lease payments for capital leases at the end of 2015 are summarized as follows: Notes and Capital Total In thousands 2016 $ 9,928 $ 4,346 $ 14,274 2017 250,000 4,504 254,504 2018 — 4,504 4,504 2019 — 4,504 4,504 2020 — 4,504 4,504 Thereafter 1,150,000 1,877 1,151,877 1,409,928 24,239 1,434,167 Less unamortized debt discount 7,158 — 7,158 Less unamortized debt issuance costs (a) 8,817 — 8,817 Less amounts representing interest — 3,093 3,093 Total long-term debt 1,393,953 21,146 1,415,099 Less current portion 9,928 3,351 13,279 Long-term debt, due beyond one year $ 1,384,025 $ 17,795 $ 1,401,820 (a) As discussed in Note A, we have presented unamortized debt issuance costs as a reduction to long-term debt.

Other Liabilities

Other Liabilities	12 Months Ended
	Jan. 02, 2016
Other Liabilities	Note K — Other Liabilities 2015 2014 In thousands Deferred compensation (Note L) $ 223,232 $ 263,453 Pension liabilities (Note L) 157,434 364,304 Income taxes 79,975 123,891 Deferred income taxes (Note O) 241,409 229,464 Deferred rent credits 95,875 90,939 Product warranty claims 49,564 47,821 Derivative financial instruments (Note T) 2,256 4,801 Other 61,426 61,833 Other liabilities $ 911,171 $ 1,186,506 Activity relating to accrued product warranty claims is summarized as follows: 2015 2014 2013 In thousands Balance, beginning of year $ 62,288 $ 57,139 $ 50,395 Accrual for products sold during the year 16,673 20,971 20,199 Repair or replacement costs incurred (14,136 ) (13,660 ) (13,923 ) Currency translation (1,711 ) (2,162 ) 468 Balance, end of year 63,114 62,288 57,139 Less current portion (Note I) 13,550 14,467 14,787 Long-term portion $ 49,564 $ 47,821 $ 42,352

Retirement and Savings Benefit

Retirement and Savings Benefit Plans	12 Months Ended
	Jan. 02, 2016
Retirement and Savings Benefit Plans	Note L — Retirement and Savings Benefit Plans VF has several retirement and savings benefit plans covering eligible employees. VF retains the right to curtail or discontinue any of the plans, subject to local regulations. Defined Benefit Pension Plans Defined benefit plans provide pension benefits based on participant compensation and years of service. VF sponsors a noncontributory qualified defined benefit pension plan covering most full-time U.S. employees employed before 2005 (the “U.S. qualified plan”) and an unfunded supplemental defined benefit pension plan that provides benefits in excess of limitations imposed by income tax regulations (together, the “U.S. plans”). The U.S. qualified plan is fully funded at the end of 2015, and VF’s net underfunded status primarily relates to obligations under the unfunded U.S. nonqualified defined benefit plan. The U.S. plans comprise 93% of VF’s total defined benefit plan assets and 92% of VF’s total projected benefit obligations at December 2015, and the remainder relates to non-U.S. defined benefit plans. The components of pension cost for VF’s defined benefit plans were as follows: 2015 2014 2013 In thousands Service cost — benefits earned during the year $ 29,223 $ 24,163 $ 25,445 Interest cost on projected benefit obligations 77,620 81,496 72,003 Expected return on plan assets (111,095 ) (90,674 ) (94,585 ) Settlement charges 4,062 — — Amortization of deferred amounts: Net deferred actuarial losses 61,966 37,518 85,356 Deferred prior service costs 3,038 5,445 1,270 Total pension expense $ 64,814 $ 57,948 $ 89,489 Weighted average actuarial assumptions used to determine pension expense: Discount rate 3.93 % 4.64 % 3.91 % Expected long-term return on plan assets 6.05 % 4.73 % 5.70 % Rate of compensation increase 3.91 % 3.53 % 3.82 % The following provides a reconciliation of the changes in fair value of VF’s defined benefit plan assets and projected benefit obligations for each year, and the funded status at the end of each year: 2015 2014 In thousands Fair value of plan assets, beginning of year $ 1,628,254 $ 1,467,526 Actual return on plan assets (56,624 ) 189,824 VF contributions 273,520 67,808 Participant contributions 3,483 3,429 Benefits paid (87,994 ) (88,746 ) Currency translation (5,265 ) (11,587 ) Fair value of plan assets, end of year 1,755,374 1,628,254 Projected benefit obligations, beginning of year 1,999,947 1,688,701 Service cost 29,223 24,163 Interest cost 77,620 81,496 Participant contributions 3,483 3,429 Actuarial (gain) loss (101,387 ) 306,797 Benefits paid (87,994 ) (88,746 ) Plan amendments (1,510 ) 263 Currency translation (7,367 ) (16,156 ) Projected benefit obligations, end of year 1,912,015 1,999,947 Funded status, end of year $ (156,641 ) $ (371,693 ) Pension benefits are reported in the balance sheet as a net asset or liability based on the overfunded or underfunded status of the defined benefit plans, assessed on a plan-by-plan basis. 2015 2014 In thousands Amounts included in Consolidated Balance Sheets: Noncurrent assets (Note G) $ 9,273 $ 1,491 Current liabilities (Note I) (8,480 ) (8,880 ) Noncurrent liabilities (Note K) (157,434 ) (364,304 ) Funded status $ (156,641 ) $ (371,693 ) Accumulated other comprehensive (income) loss, pretax: Net deferred actuarial losses $ 586,828 $ 588,847 Deferred prior service costs 17,459 21,950 Total accumulated other comprehensive (income) loss, pretax $ 604,287 $ 610,797 Accumulated benefit obligations $ 1,827,521 $ 1,916,070 Weighted average actuarial assumptions used to determine pension obligations: Discount rate 4.29 % 3.47 % Rate of compensation increase 3.90 % 3.34 % Accumulated benefit obligations at any measurement date are the present value of vested and unvested pension benefits earned, without considering projected future compensation increases. Projected benefit obligations are the present value of vested and unvested pension benefits earned, considering projected future compensation increases. At the end of fiscal 2015, the Company changed to the spot rate approach to measure service and interest costs for our defined benefit plans. Previously, the same single equivalent discount rate determined for measuring the projected benefit obligation was also used to determine service cost and interest cost. Under the new spot rate approach, the full yield curve is applied separately to cash flows for each projected benefit obligation, service cost, and interest cost for a more precise calculation. The Company has accounted for this as a change in accounting estimate and, accordingly, has applied it on a prospective basis. VF recorded $4.1 million in settlement charges during 2015, related to the recognition of deferred actuarial losses resulting from lump-sum payments of retirement benefits to participants in VF’s supplemental defined benefit pension plan. Deferred actuarial gains and losses are changes in the amount of either the benefit obligation or the value of plan assets resulting from differences between expected amounts for a year using actuarial assumptions and the actual results for that year. These amounts are deferred as a component of accumulated OCI and amortized to pension expense in future years as follows: amounts in excess of 20% of projected benefit obligations at the beginning of the year are amortized over five years; amounts between (i) 10% of the greater of projected benefit obligations or plan assets and (ii) 20% of projected benefit obligations are amortized over the expected average remaining years of service of active participants; and amounts less than the greater of 10% of projected benefit obligations or plan assets are not amortized. Deferred prior service costs related to plan amendments are also recorded in accumulated OCI and amortized to pension expense on a straight-line basis over the average remaining years of service for active employees. The estimated amounts of accumulated OCI to be amortized to pension expense in 2016 are $65.2 million of deferred actuarial losses and $2.6 million of deferred prior service costs. Management’s investment objectives are to invest plan assets in a diversified portfolio of securities to provide long-term growth, minimize the volatility of the value of plan assets relative to plan liabilities, and to ensure plan assets are sufficient to pay the benefit obligations. Investment strategies focus on diversification among multiple asset classes, a balance of long-term investment return at an acceptable level of risk, and liquidity to meet benefit payments. The primary objective of the investment strategies is to more closely align plan assets with plan liabilities by utilizing dynamic asset allocation targets dependent upon changes in the plan’s funded ratio, capital market expectations, and risk tolerance. Plan assets are primarily composed of common collective trust funds that invest in liquid securities diversified across equity, fixed-income, real estate and other asset classes. Fund assets are allocated among independent investment managers who have full discretion to manage their portion of the fund’s assets, subject to strategy and risk guidelines established with each manager. The overall strategy, the resulting allocations of plan assets, and the performance of funds and individual investment managers are continually monitored. Derivative financial instruments may be used by investment managers for hedging purposes to gain exposure to alternative asset classes through the futures markets. There are no investments in VF debt or equity securities and no significant concentrations of security risk. The expected long-term rate of return on plan assets was based on an evaluation of the weighted average expected returns for the major asset classes in which the plans have invested. Expected returns by asset class were developed through analysis of historical market returns, current market conditions, inflation expectations, and equity and credit risks. Inputs from various investment advisors on long-term capital market returns and other variables were also considered where appropriate. The fair value of investments held by VF’s defined benefit plans at December 2015 and 2014, by asset class, is summarized below. See Note S for a description of the three levels of the fair value measurement hierarchy. Total Plan Assets Fair Value Measurements Level 1 Level 2 Level 3 In thousands December 2015 Plan assets Cash equivalents $ 2,790 $ 2,790 $ — $ — Fixed income securities: U.S. Treasury and government agencies 11 — 11 — Insurance contracts 50,856 — 50,856 — Commodities (439 ) (439 ) — — Total plan assets in the fair value hierarchy 53,218 $ 2,351 $ 50,867 $ — Plan assets measured at net asset value (a) Cash equivalents 23,538 Equity securities: Domestic 107,190 International 179,256 Fixed income securities: Corporate and international bonds 1,232,691 Alternative investments 159,481 Total plan assets measured at net asset value 1,702,156 Total plan assets $ 1,755,374 Total Plan Assets Fair Value Measurements Level 1 Level 2 Level 3 In thousands December 2014 Plan assets Cash equivalents $ 3,220 $ 3,220 $ — $ — Fixed income securities: U.S. Treasury and government agencies 16 — 16 — Insurance contracts 46,059 — 46,059 — Commodities (1,393 ) (1,393 ) — — Total plan assets in the fair value hierarchy 47,902 $ 1,827 $ 46,075 $ — Plan assets measured at net asset value (a) Cash equivalents 61,788 Equity securities: Domestic 180,258 International 219,259 Fixed income securities: Corporate and international bonds 986,125 Alternative investments 132,922 Total plan assets measured at net asset value 1,580,352 Total plan assets $ 1,628,254 (a) As discussed in Note A, investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have been removed from the total plan assets in the fair value hierarchy. Cash equivalents include cash held by individual investment managers of other asset classes for liquidity purposes (Level 1), and an institutional fund that invests primarily in short-term U.S. government securities measured at their daily net asset value. The fair values of insurance contracts are provided by the insurance companies and are primarily based on accumulated contributions plus returns guaranteed by the insurers. Commodities consist of derivative commodity futures contracts (Level 1). Equity and fixed income securities generally represent institutional funds measured at their daily net asset value derived from quoted prices of the underlying investments. Alternative investments are primarily in funds of hedge funds (“FoHFs”), which are comprised of different and independent hedge funds with various investment strategies. The administrators of the FoHFs utilize unobservable inputs to calculate the net asset value of the FoHFs on a monthly basis. VF makes contributions to its defined benefit plans sufficient to meet minimum funding requirements under applicable laws, plus discretionary amounts as determined by management. VF made discretionary contributions of $250.0 million and $50.0 million to the U.S. qualified plan during 2015 and 2014, respectively. VF does not currently plan to make any contributions to the U.S. qualified plan during 2016, and intends to make approximately $15.3 million of contributions to its other defined benefit plans during 2016. The estimated future benefit payments for all of VF’s defined benefit plans are approximately $84.4 million in 2016, $89.8 million in 2017, $93.9 million in 2018, $98.3 million in 2019, $103.3 million in 2020 and $569.3 million for the years 2021 through 2025. Other Retirement and Savings Plans VF sponsors a nonqualified retirement savings plan for employees whose contributions to a 401(k) plan would be limited by provisions of the Internal Revenue Code. This plan allows participants to defer a portion of their compensation and to receive matching contributions for a portion of the deferred amounts. Participants earn a return on their deferred compensation based on their selection of a hypothetical portfolio of publicly traded mutual funds, a separately managed fixed-income fund and VF Common Stock. Changes in the fair value of the participants’ hypothetical investments are recorded as an adjustment to deferred compensation liabilities and compensation expense. Expense under this plan was $2.5 million in 2015, $5.7 million in 2014 and $5.4 million in 2013. Deferred compensation, including accumulated earnings, is distributable in cash at participant-specified dates upon retirement, death, disability or termination of employment. VF sponsors a similar nonqualified plan that permits nonemployee members of the Board of Directors to defer their Board compensation and invest in hypothetical shares of VF Common Stock. VF also has remaining obligations under other deferred compensation plans, primarily related to acquired companies. At December 2015, VF’s liability to participants under all deferred compensation plans was $252.7 million, of which $29.5 million was recorded in accrued liabilities (Note I) and $223.2 million was recorded in other liabilities (Note K). VF has purchased (i) publicly traded mutual funds, a separately managed fixed-income fund and VF Common Stock in the same amounts as most of the participant-directed hypothetical investments underlying the deferred compensation liabilities and (ii) variable life insurance contracts that invest in institutional funds that are substantially the same as the participant-directed hypothetical investments. These investment securities and earnings thereon (other than VF Common Stock) are intended to provide a source of funds to meet the deferred compensation obligations, and serve as an economic hedge of the financial impact of changes in deferred compensation liabilities. They are held in an irrevocable trust but are subject to claims of creditors in the event of VF’s insolvency. VF also has assets related to deferred compensation plans of acquired companies, which are primarily invested in life insurance contracts. At December 2015, the fair value of investments held for all deferred compensation plans was $234.3 million, of which $29.0 million was recorded in other current assets and $205.3 million was recorded in other assets (Note G). The VF Common Stock purchased to match participant-directed hypothetical investments is treated as treasury stock for financial reporting purposes (Note M), which is the primary reason for the difference in carrying value of the deferred compensation assets and liabilities. Realized and unrealized gains and losses on these deferred compensation assets (other than VF Common Stock) are recorded in compensation expense in the Consolidated Statements of Income and substantially offset losses and gains resulting from changes in deferred compensation liabilities to participants. VF sponsors 401(k) plans as well as other domestic and foreign retirement and savings plans. Expense for these plans totaled $47.0 million in 2015, $31.6 million in 2014 and $22.0 million in 2013.

Capital and Accumulated Other C

Capital and Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Jan. 02, 2016
Capital and Accumulated Other Comprehensive Income (Loss)	Note M — Capital and Accumulated Other Comprehensive Income (Loss) Common Stock During 2015, the Company purchased 10.0 million shares of Common Stock in open market transactions for $730.1 million 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 2015, 2014 and 2013, VF restored 10.1 million, 12.1 million and 17.0 million treasury shares, respectively, 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 2015, 2014 or 2013. 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 (Note L) and is treated as treasury shares for financial reporting purposes. During 2015, the Company purchased 36,100 shares of Common Stock in open market transactions for $2.5 million. Balances related to shares held for deferred compensation plans are as follows: 2015 2014 2013 In thousands, except share amounts Shares held for deferred compensation plans 562,649 637,504 704,104 Cost of shares held for deferred compensation plans $ 6,823 $ 7,724 $ 8,396 Accumulated Other Comprehensive Income (Loss) Comprehensive income consists of net income and specified components of 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: 2015 2014 In thousands Foreign currency translation $ (718,169 ) $ (356,941 ) Defined benefit pension plans (372,195 ) (377,134 ) Derivative financial instruments 47,142 31,389 Marketable securities — 414 Accumulated other comprehensive income (loss) $ (1,043,222 ) $ (702,272 ) The changes in accumulated OCI, net of related taxes, are as follows: Foreign Defined Derivative Marketable Securities Total In thousands Balance, December 2013 $ 106,647 $ (277,451 ) $ (41,754 ) $ 838 $ (211,720 ) Other comprehensive income (loss) before reclassifications (463,588 ) (126,275 ) 53,651 (424 ) (536,636 ) Amounts reclassified from accumulated other comprehensive income (loss) — 26,592 19,492 — 46,084 Net other comprehensive income (loss) (463,588 ) (99,683 ) 73,143 (424 ) (490,552 ) Balance, December 2014 (356,941 ) (377,134 ) 31,389 414 (702,272 ) Other comprehensive income (loss) before reclassifications (361,228 ) (37,238 ) 55,325 300 (342,841 ) Amounts reclassified from accumulated other comprehensive income (loss) — 42,177 (39,572 ) (714 ) 1,891 Net other comprehensive income (loss) (361,228 ) 4,939 15,753 (414 ) (340,950 ) Balance, December 2015 $ (718,169 ) $ (372,195 ) $ 47,142 $ — $ (1,043,222 ) Reclassifications out of accumulated OCI are as follows: Details About Accumulated Other Comprehensive Income (Loss) Components Affected Line Item in the 2015 2014 In thousands Amortization of defined benefit pension plans: Net deferred actuarial losses (a) $ (61,966 ) $ (37,518 ) Deferred prior service costs (a) (3,038 ) (5,445 ) Pension settlement charges Selling, general and administrative expenses (4,062 ) — Total before tax (69,066 ) (42,963 ) Tax benefit 26,889 16,371 Net of tax (42,177 ) (26,592 ) Gains (losses) on derivative financial instruments: Foreign exchange contracts Net sales (68,543 ) (18,071 ) Foreign exchange contracts Cost of goods sold 132,432 (8,756 ) Foreign exchange contracts Selling, general and administrative expenses (1,885 ) — Foreign exchange contracts Other income (expense), net 7,267 (1,189 ) Interest rate contracts Interest expense (4,295 ) (4,095 ) Total before tax 64,976 (32,111 ) Tax benefit (expense) (25,404 ) 12,619 Net of tax 39,572 (19,492 ) Gains (losses) on sale of marketable securities: Other income (expense), net 1,177 — Tax expense (463 ) — Net of tax 714 — Total reclassifications for the year Net of tax $ (1,891 ) $ (46,084 ) (a) These accumulated OCI components are included in the computation of net periodic pension cost (see Note L for additional details).

Stock-based Compensation

Stock-based Compensation	12 Months Ended
	Jan. 02, 2016
Stock-based Compensation	Note N — Stock-based Compensation Pursuant to the amended and restated 1996 Stock Compensation Plan approved by stockholders, VF is authorized to grant nonqualified stock options, restricted stock units (“RSUs”) and restricted stock to officers, key employees and nonemployee members of VF’s Board of Directors. Substantially all stock-based compensation awards are classified as equity awards, which are accounted for in stockholders’ equity in the Consolidated Balance Sheets. On a limited basis, cash-settled stock appreciation rights are granted to employees in certain international jurisdictions. These awards are accounted for as liabilities in the Consolidated Balance Sheets and remeasured to fair value each reporting period until the award is settled. Compensation cost for all awards expected to vest is recognized over the shorter of the requisite service period or the vesting period. Awards that do not vest are forfeited. VF has elected to compute income tax benefits associated with stock option awards under the short-cut method as allowed by the applicable accounting literature. Total stock-based compensation cost and the associated income tax benefits recognized in the Consolidated Statements of Income, and stock-based compensation costs included in inventory in the Consolidated Balance Sheets, are as follows: 2015 2014 2013 In thousands Stock-based compensation cost $ 73,420 $ 104,313 $ 87,118 Income tax benefits 28,090 41,725 32,059 Stock-based compensation costs included in inventory 1,345 797 119 At the end of 2015, there was $46.7 million of total unrecognized compensation cost related to all stock-based compensation arrangements that will be recognized over a weighted average period of 1 year. At the end of 2015, there were 42,927,147 shares available for future grants of stock options and stock awards under the 1996 Stock Compensation Plan. Shares for option exercises are issued from VF’s authorized but unissued Common Stock. VF has a practice of repurchasing shares of Common Stock in the open market to offset, on a long-term basis, dilution caused by awards under equity compensation plans. Stock Options Stock options are granted with an exercise price 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, and compensation cost is recognized ratably over the shorter of the requisite service period or the vesting period. Stock options granted to nonemployee members of VF’s Board of Directors become exercisable one year from the date of grant. All options have ten-year terms. 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: 2015 2014 2013 Expected volatility 19% to 29% 23% to 29% 24% to 29% Weighted average expected volatility 22% 26% 27% Expected term (in years) 5.9 to 7.5 5.5 to 7.3 5.6 to 7.4 Weighted average dividend yield 2.0% 2.1% 2.3% Risk-free interest rate 0.7% to 2.3% 0.1% to 2.7% 0.1% to 2.0% Weighted average fair value at date of grant $13.72 $12.01 $8.34 Expected volatility over the contractual term of an option was based on a combination of the implied volatility from publicly traded options on VF Common Stock and the historical volatility of VF Common Stock. The expected term represents the period of time over which vested options are expected to be outstanding before exercise. VF used historical data to estimate option exercise behaviors and to estimate the number of options that would vest. Groups of employees that have historically exhibited similar option exercise behaviors were considered separately in estimating the expected term for each employee group. Dividend yield represents expected dividends on VF Common Stock for the contractual life of the options. Risk-free interest rates for the periods during the contractual life of the option were the implied yields at the date of grant from the U.S. Treasury zero coupon yield curve. Stock option activity for 2015 is summarized as follows: Number of Weighted Weighted Aggregate Outstanding, December 2014 15,135,028 $ 33.42 Granted 2,472,074 75.33 Exercised (2,703,881 ) 24.60 Forfeited/cancelled (187,811 ) 60.91 Outstanding, December 2015 14,715,410 41.73 6.5 $ 333,241 Exercisable, December 2015 9,621,016 30.89 5.4 $ 301,757 The total fair value of stock options that vested during 2015, 2014 and 2013 was $25.9 million, $22.6 million and $23.4 million, respectively. The total intrinsic value of stock options exercised during 2015, 2014 and 2013 was $132.8 million, $143.7 million and $127.3 million, respectively. Restricted Stock Units VF grants performance-based RSUs that enable employees to receive shares of VF Common Stock at the end of a three-year period. Each 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 actual number of shares 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 was determined using a Monte Carlo simulation technique that incorporates option-pricing model inputs, and was $3.78, $1.41 and $3.16 per share for the 2015, 2014 and 2013 RSU grants, respectively. VF also grants nonperformance-based RSUs to certain key employees in international jurisdictions and to nonemployee members of the Board of Directors. Each RSU entitles the holder to one share of VF Common Stock. The employee RSUs generally vest four years from the date of grant. The RSUs granted to nonemployee members of the Board of Directors vest upon grant and will be settled in shares of VF Common Stock one year from the date of grant. Dividend equivalents on the RSUs accrue without compounding and are payable in additional shares of VF Common Stock when the RSUs vest. Dividend equivalents are subject to the same risk of forfeiture as the RSUs. RSU activity for 2015 is summarized as follows: Performance-based Nonperformance-based Number Weighted Number Weighted Outstanding, December 2014 1,940,661 $ 43.73 386,595 $ 34.86 Granted 456,009 75.33 81,856 71.17 Issued as Common Stock (701,739 ) 36.41 (183,595 ) 28.86 Forfeited/cancelled (45,301 ) 58.22 (10,000 ) 36.12 Outstanding, December 2015 1,649,630 55.18 274,856 49.64 Vested, December 2015 665,290 54.19 11,556 75.35 The weighted average fair value of performance-based RSUs granted during 2015, 2014 and 2013 was $75.33, $56.86 and $40.64 per share, respectively, which was equal to the fair market value of the underlying VF Common Stock on each grant date. The total fair market value of awards outstanding at the end of 2015 was $102.7 million. Awards earned and vested for the three-year performance period ended in 2015 and distributable in early 2016 totaled 1,067,426 shares of VF Common Stock having a value of $61.9 million, as approved by the Compensation Committee of the Board of Directors. Similarly, 1,290,354 shares of VF Common Stock having a value of $88.4 million were earned for the performance period ended in 2014, and 1,457,159 shares of VF Common Stock having a value of $85.8 million were earned for the performance period ended in 2013. The weighted average fair value of nonperformance-based RSUs granted during 2015, 2014 and 2013 was $71.17, $58.00 and $39.21 per share, respectively, which was equal to the fair market value of the underlying VF Common Stock on each grant date. The total market value of awards outstanding at the end of 2015 was $17.1 million. Restricted Stock VF grants restricted shares of VF Common Stock to certain members of management. The fair value of the restricted shares, equal to the fair market value of VF Common Stock at the grant date, is recognized ratably over the vesting period. Restricted shares vest over periods of up to five years from the date of grant. Dividends accumulate in the form of additional restricted shares and are subject to the same risk of forfeiture as the restricted stock. Restricted stock activity for 2015 is summarized below: Nonvested Weighted Nonvested shares, December 2014 704,490 $ 40.62 Granted 111,500 71.09 Dividend equivalents 13,139 69.30 Vested (225,864 ) 29.77 Forfeited (8,628 ) 65.28 Nonvested shares, December 2015 594,637 50.73 Nonvested shares of restricted stock had a market value of $37.0 million at the end of 2015. The market value of the shares that vested during 2015, 2014 and 2013 was $14.1 million, $20.1 million and $9.7 million, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Jan. 02, 2016
Income Taxes	Note O — Income Taxes The provision for income taxes was computed based on the following amounts of income before income taxes: 2015 2014 2013 In thousands Domestic $ 745,061 $ 460,561 $ 735,177 Foreign 835,328 891,805 827,313 Income before income taxes $ 1,580,389 $ 1,352,366 $ 1,562,490 The provision for income taxes consisted of: 2015 2014 2013 In thousands Current: Federal $ 194,851 $ 205,618 $ 238,816 Foreign 112,885 138,634 103,752 State 33,972 38,673 22,173 341,708 382,925 364,741 Deferred: Federal and state 401 (78,362 ) (15,265 ) Foreign 6,687 298 2,895 Income taxes $ 348,796 $ 304,861 $ 352,371 The differences between income taxes computed by applying the statutory federal income tax rate and income tax expense reported in the consolidated financial statements are as follows: 2015 2014 2013 In thousands Tax at federal statutory rate $ 553,136 $ 473,328 $ 546,872 State income taxes, net of federal tax benefit 16,451 25,594 19,653 Foreign rate differences (212,287 ) (230,190 ) (187,513 ) Goodwill impairment — 49,840 — Change in valuation allowances — — (3,422 ) Tax credits (8,775 ) (9,033 ) (17,236 ) Other 271 (4,678 ) (5,983 ) Income taxes $ 348,796 $ 304,861 $ 352,371 Foreign rate differences include tax benefits of $28.4 million, $11.2 million and $6.9 million in 2015, 2014 and 2013, respectively, from favorable audit outcomes on certain tax matters and from expiration of statutes of limitations. 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. This lower rate, when compared with the country’s statutory rate, resulted in an income tax reduction of $14.9 million ($0.03 per diluted share) in 2014 and $10.4 million ($0.02 per diluted share) in 2013. 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. If this matter is adversely resolved, the Belgian government may be required to assess, and VF may be required to pay, past taxes reflective of the disallowed alleged state aid that VF received in years 2010 through 2014. VF is currently assessing its legal options and the impact that an adverse outcome would have on the Company’s financial statements in future periods, but does not expect the impact to be material. In addition, VF has been granted a lower effective income tax rate on taxable earnings in another foreign jurisdiction for the years 2010 through 2019. This lower rate, when compared with the country’s statutory rate, resulted in income tax reductions of $3.2 million ($.01 per diluted share) in 2015, $6.0 million ($0.01 per diluted share) in 2014 and $3.3 million ($0.01 per diluted share) in 2013. Deferred income tax assets and liabilities consisted of the following: 2015 2014 In thousands Deferred income tax assets: Inventories $ 38,897 $ 34,430 Employee compensation and benefits 252,307 257,187 Other accrued expenses 154,337 186,390 Operating loss carryforwards 139,634 115,259 Gross deferred income tax assets 585,175 593,266 Valuation allowances (100,951 ) (96,802 ) Net deferred income tax assets 484,224 496,464 Deferred income tax liabilities: Depreciation 27,756 624 Intangible assets 591,615 652,950 Other deferred tax liabilities 67,016 22,923 Deferred income tax liabilities 686,387 676,497 Net deferred income tax assets (liabilities) $ (202,163 ) $ (180,033 ) Amounts included in the Consolidated Balance Sheets (a) : Noncurrent assets (Note G) $ 39,246 $ 49,431 Noncurrent liabilities (Note K) (241,409 ) (229,464 ) $ (202,163 ) $ (180,033 ) (a) As discussed in Note A , we have presented all deferred tax assets and liabilities as noncurrent. As of the end of 2015, VF has not provided deferred taxes on $3,657.2 million of undistributed earnings from international subsidiaries where the earnings are considered to be permanently reinvested. VF’s intent is to continue to reinvest these earnings to support the strategic priority for growth in international markets. If management decides at a later date to repatriate these funds to the U.S., VF would be required to provide taxes on these amounts based on applicable U.S. tax rates, net of foreign taxes already paid. VF has not determined the deferred tax liability associated with these undistributed earnings, as such determination is not practicable. VF has potential tax benefits totaling $106.0 million for foreign operating loss carryforwards, of which $103.3 million have an unlimited carryforward life. In addition, there are $3.0 million of potential tax benefits for federal operating loss carryforwards that expire between 2017 and 2026, and $30.6 million of potential tax benefits for state operating loss and credit carryforwards that expire between 2016 and 2031. A valuation allowance has been provided where it is more likely than not that the deferred tax assets related to those operating loss carryforwards will not be realized. Valuation allowances totaled $83.0 million for available foreign operating loss carryforwards, $12.4 million for available state operating loss and credit carryforwards, and $5.6 million for other foreign deferred income tax assets. During 2015, VF had a net increase in valuation allowances of $3.1 million related to state operating loss and credit carryforwards, and an increase of $1.0 million related to foreign operating loss carryforwards and other foreign deferred tax assets, inclusive of foreign currency effects. A reconciliation of the change in the accrual for unrecognized income tax benefits is as follows: Unrecognized Accrued Unrecognized In thousands Balance, December 2012 $ 135,294 $ 16,821 $ 152,115 Additions for current year tax positions 11,921 — 11,921 Additions for prior year tax positions 10,908 4,627 15,535 Reductions for prior year tax positions (8,521 ) (2,130 ) (10,651 ) Reductions due to statute expirations (6,527 ) (626 ) (7,153 ) Payments in settlement (24,422 ) (1,218 ) (25,640 ) Currency translation (139 ) — (139 ) Balance, December 2013 118,514 17,474 135,988 Additions for current year tax positions 12,850 — 12,850 Additions for prior year tax positions 5,252 5,033 10,285 Reductions for prior year tax positions (12,898 ) (2,780 ) (15,678 ) Reductions due to statute expirations (9,159 ) (647 ) (9,806 ) Payments in settlement (657 ) (1,742 ) (2,399 ) Currency translation (298 ) (119 ) (417 ) Balance, December 2014 113,604 17,219 130,823 Additions for current year tax positions 13,470 — 13,470 Additions for prior year tax positions 4,396 3,188 7,584 Reductions for prior year tax positions (32,432 ) (6,350 ) (38,782 ) Reductions due to statute expirations (11,780 ) (2,528 ) (14,308 ) Payments in settlement (11,437 ) (2,065 ) (13,502 ) Currency translation (144 ) (95 ) (239 ) Balance, December 2015 $ 75,677 $ 9,369 $ 85,046 2015 2014 In thousands Amounts included in the Consolidated Balance Sheets: Unrecognized income tax benefits, including interest and penalties $ 85,046 $ 130,823 Less deferred tax benefits 11,973 23,290 Total unrecognized tax benefits $ 73,073 $ 107,533 The unrecognized tax benefits of $73.1 million at the end of 2015, if recognized, would reduce the annual effective tax rate. VF files a consolidated U.S. federal income tax return, as well as separate and combined income tax returns in numerous state and foreign jurisdictions. In the U.S., the Internal Revenue Service (“IRS”) examinations for tax years 2007 through 2011 were effectively settled during 2015. Additionally, tax years prior to 2007 were effectively settled with the IRS in prior years. During 2014, the IRS completed its examination of Timberland’s 2010 tax return. The examination of Timberland’s 2011 tax return is still 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 and, during the third quarter of 2015, VF filed a petition to the U.S. Tax Court to begin the process of resolving this matter. 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. Management also believes that it is reasonably possible that the amount of unrecognized income tax benefits may decrease by $38.4 million within the next 12 months due to settlement of audits and expiration of statutes of limitations, $33.4 million of which would reduce income tax expense.

Business Segment Information

Business Segment Information	12 Months Ended
	Jan. 02, 2016
Business Segment Information	Note P — 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, as described below: • Outdoor & Action Sports High performance outdoor apparel and footwear, backpacks, handbags and technical equipment • Jeanswear Denim and casual apparel • Imagewear Occupational workwear and athletic apparel • Sportswear Fashion sportswear apparel and accessories • Contemporary Brands Premium denim and lifestyle apparel • Other Sales of non-VF products at VF Outlet ® Management at each of the coalitions has direct control over and responsibility for its revenues, operating income and assets, hereinafter termed “coalition revenues,” “coalition profit” and “coalition assets,” respectively. VF management evaluates operating performance and makes investment and other decisions based on coalition revenues and coalition profit. Accounting policies used for internal management reporting at the individual coalitions are consistent with those in Note A, except as stated below. Corporate costs (other than common costs allocated to the coalitions), impairment charges and net interest expense are not controlled by coalition management and therefore are excluded from the measurement of coalition profit. Common costs such as information systems processing, retirement benefits and insurance are allocated from corporate costs to the coalitions based on appropriate metrics such as usage or employment. Corporate costs that are not allocated to the coalitions consist of corporate headquarters expenses (including compensation and benefits of corporate management and staff, certain legal and professional fees, and administrative and general costs) and other expenses which include a portion of defined benefit pension costs, development costs for management information systems, costs of registering, maintaining and enforcing certain of VF’s trademarks, and miscellaneous consolidated costs. Defined benefit pension plans in the U.S. are centrally managed. The current year service cost component of pension cost is allocated to the coalitions, while the remaining pension cost components are reported in corporate and other expenses. Coalition assets, for internal management purposes, are those used directly in or resulting from the operations of each business unit, such as accounts receivable, inventories and property, plant and equipment. Corporate assets primarily include corporate facilities, investments held in trust for deferred compensation plans and information systems. Financial information for VF’s reportable segments is as follows: 2015 2014 2013 In thousands Coalition revenues: Outdoor & Action Sports $ 7,400,446 $ 7,198,994 $ 6,379,167 Jeanswear 2,792,244 2,801,754 2,810,994 Imagewear 1,082,565 1,104,038 1,065,952 Sportswear 635,056 650,203 624,693 Contemporary Brands 344,089 400,431 415,053 Other 122,344 126,741 123,789 Total coalition revenues $ 12,376,744 $ 12,282,161 $ 11,419,648 Coalition profit: Outdoor & Action Sports (a) $ 1,266,763 $ 1,312,963 $ 1,106,384 Jeanswear 535,385 527,972 544,882 Imagewear 157,959 164,352 152,203 Sportswear 78,879 77,972 88,157 Contemporary Brands 5,845 23,420 38,825 Other (b) 15,135 (2,600 ) (562 ) Total coalition profit 2,059,966 2,104,079 1,929,889 Impairment of goodwill and intangible assets (c) (143,562 ) (396,362 ) — Corporate and other expenses (253,753 ) (275,537 ) (286,767 ) Interest expense, net (82,262 ) (79,814 ) (80,632 ) Income before income taxes $ 1,580,389 $ 1,352,366 $ 1,562,490 (a) Includes Timberland acquisition-related expenses of $10.7 million in 2013. (b) Includes a $16.6 million gain recognized on the sale of a VF Outlet ® (c) Reflects impairment charges in 2015 and 2014 related to the Contemporary Brands coalition. See Notes E, F and S for additional information. 2015 2014 2013 In thousands Coalition assets: Outdoor & Action Sports $ 2,436,788 $ 2,211,232 $ 2,133,447 Jeanswear 951,411 904,933 943,011 Imagewear 366,062 349,254 334,864 Sportswear 140,458 147,091 156,107 Contemporary Brands 145,265 172,687 187,116 Other 63,162 63,549 74,043 Total coalition assets 4,103,146 3,848,746 3,828,588 Cash and equivalents 945,605 971,895 776,403 Intangible assets and goodwill 3,901,026 4,258,508 4,981,951 Deferred income taxes 39,246 49,431 50,332 Corporate assets 650,519 716,720 532,005 Consolidated assets $ 9,639,542 $ 9,845,300 $ 10,169,279 Capital expenditures: Outdoor & Action Sports $ 166,267 $ 111,020 $ 139,428 Jeanswear 31,844 31,586 49,763 Imagewear 6,959 6,356 3,793 Sportswear 8,771 22,814 6,074 Contemporary Brands 5,663 10,308 13,679 Other 2,679 2,489 3,953 Corporate 32,318 49,504 54,463 $ 254,501 $ 234,077 $ 271,153 Depreciation and amortization expense: Outdoor & Action Sports $ 129,986 $ 131,166 $ 122,385 Jeanswear 41,823 43,189 41,742 Imagewear 11,608 11,602 11,481 Sportswear 15,358 14,334 12,195 Contemporary Brands 17,673 24,006 24,309 Other 4,510 5,231 4,608 Corporate 51,117 45,355 36,553 $ 272,075 $ 274,883 $ 253,273 Supplemental information (with revenues by geographic area based on the location of the customer) is as follows: 2015 2014 2013 In thousands Total revenues: U.S. $ 7,883,758 $ 7,574,546 $ 7,124,781 Foreign, primarily Europe 4,492,986 4,707,615 4,294,867 $ 12,376,744 $ 12,282,161 $ 11,419,648 Property, plant and equipment: U.S. $ 631,937 $ 577,669 $ 549,420 Foreign, primarily Europe 356,222 364,512 383,372 $ 988,159 $ 942,181 $ 932,792 No single customer accounted for 10% or more of the Company’s total revenues in 2015, 2014 and 2013.

Commitments

Commitments	12 Months Ended
	Jan. 02, 2016
Commitments	Note Q — Commitments VF is obligated under noncancelable operating leases related primarily to retail stores, office space, distribution facilities and equipment. Rent expense, net of sublease income that was not significant in any period, was included in the Consolidated Statements of Income as follows: 2015 2014 2013 In thousands Minimum rent expense $ 347,591 $ 335,771 $ 294,056 Contingent rent expense 26,192 23,335 14,175 Rent expense $ 373,783 $ 359,106 $ 308,231 Future minimum lease payments are $362.5 million, $306.0 million, $251.3 million, $192.2 million and $171.1 million for the years 2016 through 2020, respectively, and $331.9 million thereafter. In addition, VF will receive total payments of $2.0 million related to noncancelable subleases through 2016. VF has entered into licensing agreements that provide VF rights to market products under trademarks owned by other parties. Royalties under these agreements are recognized in cost of goods sold in the Consolidated Statements of Income. Certain of these agreements contain minimum royalty and minimum advertising requirements. Future minimum royalty payments, including any required advertising payments, are $57.5 million, $89.0 million, $109.4 million, $94.7 million and $49.8 million for the years 2016 through 2020, respectively, and $52.0 million thereafter. In the ordinary course of business, VF has entered into purchase commitments for raw materials, contract production and finished products. These agreements, typically ranging from 2 to 6 months in duration, require total payments of $1.7 billion in 2016. VF has entered into commitments for (i) service and maintenance agreements related to its management information systems, (ii) capital spending and (iii) advertising. Future payments under these agreements are $100.2 million, $4.3 million, $0.5 million, $0.2 million and $0.2 million for the years 2016 through 2020, respectively, and $0.3 million thereafter. Surety bonds, standby letters of credit and international bank guarantees, all of which represent contingent guarantees of performance under self-insurance and other programs, totaled $115.9 million as of December 2015. These commitments would only be drawn upon if VF were to fail to meet its claims or other obligations.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Jan. 02, 2016
Earnings Per Share	Note R — Earnings Per Share 2015 2014 2013 In thousands, except per share amounts Earnings per share — basic: Net income $ 1,231,593 $ 1,047,505 $ 1,210,119 Weighted average common shares outstanding 425,408 432,611 438,657 Earnings per share $ 2.90 $ 2.42 $ 2.76 Earnings per share — diluted: Net income $ 1,231,593 $ 1,047,505 $ 1,210,119 Weighted average common shares outstanding 425,408 432,611 438,657 Incremental shares from stock options and other dilutive securities 6,671 7,542 8,152 Adjusted weighted average common shares outstanding 432,079 440,153 446,809 Earnings per share $ 2.85 $ 2.38 $ 2.71 Outstanding options to purchase 2.4 million, 1.4 million and 0.9 million shares of Common Stock were excluded from the calculations of diluted earnings per share in 2015, 2014 and 2013, respectively, because the effect of their inclusion would have been antidilutive to those years. In addition, 0.9 million, 1.1 million and 1.3 million shares of performance-based restricted stock units were excluded from the calculations of diluted earnings per share in 2015, 2014 and 2013, respectively, because these units were not considered to be contingent outstanding shares.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jan. 02, 2016
Fair Value Measurements	Note S — 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 • Level 2 • Level 3 Recurring Fair Value Measurements 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: Fair Value Measurement Using (a) Total Fair Level 1 Level 2 Level 3 In thousands December 2015 Financial assets: Cash equivalents: Money market funds $ 495,264 $ 495,264 $ — $ — Time deposits 39,813 39,813 — — Derivative financial instruments 105,791 — 105,791 — Investment securities 203,797 190,792 13,005 — Financial liabilities: Derivative financial instruments 28,032 — 28,032 — Deferred compensation 252,723 — 252,723 — December 2014 Financial assets: Cash equivalents: Money market funds $ 388,635 $ 388,635 $ — $ — Time deposits 197,303 197,303 — — Derivative financial instruments 105,264 — 105,264 — Investment securities 228,406 208,874 19,532 — Other marketable securities 5,111 5,111 — — Financial liabilities: Derivative financial instruments 31,769 — 31,769 — Deferred compensation 295,226 — 295,226 — (a) There were no transfers among the levels within the fair value hierarchy during 2015 or 2014. 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 (Note L). 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. Prior to the second quarter of 2015, other marketable securities consisted of common stock investments classified as available-for-sale, the fair value of which was based on quoted prices in active markets. During the second quarter of 2015, VF sold all of its available-for-sale securities for $5.9 million in cash proceeds and recognized a gain of $1.5 million, which is included in other income (expense), net, in the 2015 Consolidated Statement of Income. 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 December 2015 and 2014, their carrying values approximated their fair values. Additionally, at December 2015 and 2014, the carrying value of VF’s long-term debt, including the current portion, was $1,415.1 million and $1,417.8 million, respectively, compared with fair values of $1,592.4 million and $1,684.1 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 fair value, using market-based assumptions. There were no material impairment charges related to property, plant and equipment in 2015, 2014 or 2013. Management performed its annual impairment testing of goodwill and indefinite-lived intangible assets during the fourth quarter of 2015, 2014 and 2013. Additionally, in both the fourth quarter of 2015 and 2014, management determined that a triggering event occurred related to the Splendid ® Ella Moss ® 7 For All Mankind ® Impairment charges related to goodwill and intangible assets were recorded in VF’s 2015 and 2014 Consolidated Statements of Income and are summarized as follows: 2015 2014 Splendid ® and Ella Moss ® 7 For All Mankind ® Total Splendid ® and Ella Moss ® 7 For All Mankind ® Total In thousands Goodwill $ — $ — $ — $ 142,361 $ — $ 142,361 Trademarks 15,334 76,097 91,431 45,700 87,572 133,272 Customer relationships 11,678 40,453 52,131 64,178 56,551 120,729 Total $ 27,012 $ 116,550 $ 143,562 $ 252,239 $ 144,123 $ 396,362 No impairment charges of goodwill or intangible assets were required in 2013. Our impairment testing of goodwill, trademarks and customer relationship assets utilizes significant unobservable inputs (Level 3) to determine fair value. The fair value of reporting units for goodwill impairment testing is determined using a combination of two valuation methods: an income approach and a market approach. The income approach is based on projected future (debt-free) cash flows that are discounted to present value. The appropriate discount rate is based on the reporting unit’s weighted average cost of capital (“WACC”) that takes market participant assumptions into consideration. For the market approach, management uses both the guideline company and similar transaction methods. The guideline company method analyzes 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 are based on the relative strengths and weaknesses of the reporting unit compared to the selected guideline companies. Under the similar transactions method, valuation multiples are calculated utilizing actual transaction prices and revenue/EBITDA data from target companies deemed similar to the reporting unit. Management uses the income-based relief-from-royalty method to value trademark intangible assets. Under this method, revenues expected to be generated by the trademark are multiplied by a selected royalty rate. The royalty rate is selected based on consideration of i) royalty rates included in active license agreements, if applicable, 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 is then discounted to present value using the reporting unit’s WACC plus a spread that factors in the risk of the intangible asset. For the valuation of customer relationship intangible assets, management uses the multi-period excess earnings method which is a specific application of the discounted cash flows method. Under this method, VF calculates the present value of the after-tax cash flows expected to be generated by the customer relationship asset after deducting contributory asset charges. Management’s revenue and profitability forecasts used in the Splendid ® Ella Moss ® 7 For All Mankind ®

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	12 Months Ended
	Jan. 02, 2016
Derivative Financial Instruments and Hedging Activities	Note T — 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 December 2015 and $1.9 billion at December 2014, consisting primarily of contracts hedging exposures to the euro, British pound, Canadian dollar, Swiss franc, Mexican peso, Japanese yen, Polish zloty and Swedish krona. Derivative contracts have maturities up to 24 months. The following table presents outstanding derivatives on an individual contract basis: Fair Value of Derivatives Fair Value of Derivatives December December December December In thousands Foreign currency exchange contracts designated as hedging instruments $ 105,536 $ 104,860 $ (27,896 ) $ (31,711 ) Foreign currency exchange contracts not designated as hedging instruments 255 404 (136 ) (58 ) Total derivatives $ 105,791 $ 105,264 $ (28,032 ) $ (31,769 ) 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. However, 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 as of December 2015 and December 2014 would be adjusted from the current gross presentation to the net amounts as detailed in the following table: December 2015 December 2014 Derivative Derivative Derivative Derivative In thousands Gross amounts presented in the Consolidated Balance Sheets $ 105,791 $ (28,032 ) $ 105,264 $ (31,769 ) Gross amounts not offset in the Consolidated Balance Sheets (22,213 ) 22,213 (30,724 ) 30,724 Net amounts $ 83,578 $ (5,819 ) $ 74,540 $ (1,045 ) Derivatives are classified as current or noncurrent based on maturity dates, as follows: December December In thousands Other current assets $ 92,796 $ 84,995 Accrued liabilities (Note I) (25,776 ) (26,968 ) Other assets (Note G) 12,995 20,269 Other liabilities (Note K) (2,256 ) (4,801 ) 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: Cash Flow Hedging Relationships Gain (Loss) on Derivatives 2015 2014 2013 In thousands Foreign currency exchange $ 89,993 $ 88,387 $ (8,133 ) Gain (Loss) Reclassified Location of Gain (Loss) 2015 2014 2013 In thousands Net sales $ (68,543 ) $ (18,071 ) $ 12,917 Cost of goods sold 132,432 (8,756 ) 4,208 Selling, general and administrative expenses (1,885 ) — — Other income (expense), net 7,267 (1,189 ) (1,051 ) Interest expense (4,295 ) (4,095 ) (3,905 ) Total $ 64,976 $ (32,111 ) $ 12,169 Derivative Contracts Dedesignated as Hedges Cash flow hedges of some forecasted sales to third parties have historically been dedesignated as hedges when the sales were recognized. At that time, hedge accounting was discontinued and the amount of unrealized hedging gain or loss was recognized in net sales. These derivatives remained outstanding as an economic hedge of foreign currency exposures associated with the ultimate collection of the related accounts receivable, during which time changes in the fair value of the derivative contracts were recognized directly in earnings. As discussed below in Derivative Contracts Not Designated as Hedges Derivative Contracts Not Designated as Hedge 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: Derivatives Not Location of Gain (Loss) on Gain (Loss) on Derivatives 2015 2014 2013 In thousands Foreign currency exchange Cost of goods sold $ (4,179 ) $ — $ — Foreign currency exchange Other income (expense), net 2,806 (707 ) (2,664 ) Total $ (1,373 ) $ (707 ) $ (2,664 ) Other Derivative Information There were no significant amounts recognized in earnings for the ineffective portion of any hedging relationships during 2015, 2014 and 2013. At December 2015, accumulated OCI included $88.6 million of pretax net deferred gains for foreign 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 pretax net deferred loss in accumulated OCI was $27.2 million at December 2015, which will be reclassified into interest expense in the Consolidated Statements of Income over the remaining terms of the associated debt instruments. During 2015, 2014 and 2013, VF reclassified $4.3 million, $4.1 million and $3.9 million, respectively, of net deferred loss from accumulated OCI into interest expense, and expects to reclassify $4.5 million to interest expense during the next 12 months.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Jan. 02, 2016
Supplemental Cash Flow Information	Note U — Supplemental Cash Flow Information 2015 2014 2013 In thousands Income taxes paid, net of refunds $ 339,010 $ 370,202 $ 291,027 Interest paid, net of amounts capitalized 83,850 82,280 80,349 Noncash transactions: Property, plant and equipment expenditures included in accounts payable or accrued liabilities 9,445 9,529 25,586 Computer software costs included in accounts payable or accrued liabilities 4,394 27,555 14,654 Assets acquired under capital lease — — 4,882

Subsequent Events

Subsequent Events	12 Months Ended
	Jan. 02, 2016
Subsequent Events	Note V — Subsequent Events On February 16, 2016, VF’s Board of Directors declared a quarterly cash dividend of $0.37 per share, payable on March 18, 2016 to shareholders of record on March 8, 2016. The Board of Directors also granted approximately 3,100,000 stock options, 600,000 performance-based RSUs, 42,000 nonperformance-based RSUs and 85,000 shares of restricted VF Common Stock at market value.

Quarterly Results of Operations

Quarterly Results of Operations (Unaudited)	12 Months Ended
	Jan. 02, 2016
Quarterly Results of Operations (Unaudited)	Note W — Quarterly Results of Operations (Unaudited) First Second Third Fourth Full In thousands, except per share amounts 2015 (a)(b) Total revenues $ 2,837,301 $ 2,513,860 $ 3,612,820 $ 3,412,763 $ 12,376,744 Operating income 397,835 223,027 642,928 397,206 1,660,996 Net income 288,709 170,811 459,864 312,209 1,231,593 Earnings per common share: (d) Basic $ 0.68 $ 0.40 $ 1.08 $ 0.73 $ 2.90 Diluted 0.67 0.40 1.07 0.72 2.85 Dividends per common share $ 0.32 $ 0.32 $ 0.32 $ 0.37 $ 1.33 2014 (a)(c) Total revenues $ 2,780,778 $ 2,402,076 $ 3,520,447 $ 3,578,860 $ 12,282,161 Operating income 403,190 219,808 633,082 181,644 1,437,724 Net income 297,193 157,682 470,529 122,101 1,047,505 Earnings per common share: (d) Basic $ 0.68 $ 0.37 $ 1.09 $ 0.28 $ 2.42 Diluted 0.67 0.36 1.08 0.28 2.38 Dividends per common share $ 0.2625 $ 0.2625 $ 0.2625 $ 0.3200 $ 1.1075 (a) The fourth quarter and full year 2015 consisted of 13 weeks and 52 weeks, respectively, compared with 14 weeks and 53 weeks in the respective 2014 periods. (b) Intangible asset impairment charges in the fourth quarter of 2015 reduced fourth quarter and full year operating results as follows: operating income — $143.6 million; net income — $97.1 million; and diluted earnings per share — $0.23. In addition, these intangible asset impairment charges reduced fourth quarter and full year 2015 basic earnings per share by $0.23 and $0.22, respectively. See Notes E, F and S. (c) Goodwill and intangible asset impairment charges in the fourth quarter of 2014 reduced fourth quarter and full year operating results as follows: operating income — $396.4 million; net income — $306.8 million; basic earnings per share — $0.71; and diluted earnings per share — $0.70. See Notes E, F and S. (d) Per share amounts are computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding and rounding.

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Jan. 02, 2016
Valuation and Qualifying Accounts	Schedule II — Valuation and Qualifying Accounts COL. A COL. B COL. C COL. D COL. E ADDITIONS Description Balance at (1) (2) Deductions Balance at In thousands Fiscal year ended December 2015 Allowance for doubtful accounts $ 26,694 $ 12,006 $ — $ 14,781 (A) $ 23,919 Other accounts receivable allowances $ 186,693 1,449,888 — 1,439,918 (B) $ 196,663 Valuation allowance for deferred income tax assets $ 96,802 — 4,149 (C) — $ 100,951 Fiscal year ended December 2014 Allowance for doubtful accounts $ 45,350 (2,198 ) — 16,458 (A) $ 26,694 Other accounts receivable allowances $ 170,242 1,337,161 — 1,320,710 (B) $ 186,693 Valuation allowance for deferred income tax assets $ 107,521 — (10,719 )(C) — $ 96,802 Fiscal year ended December 2013 Allowance for doubtful accounts $ 48,998 15,756 — 19,404 (A) $ 45,350 Other accounts receivable allowances $ 153,934 1,487,015 — 1,470,707 (B) $ 170,242 Valuation allowance for deferred income tax assets $ 99,703 (3,422 ) 11,240 (C) — $ 107,521 (A) Deductions include accounts written off, net of recoveries, and the effects of foreign currency translation. (B) Deductions include discounts, markdowns and returns, and the effects of foreign currency translation. (C) Additions relate to circumstances where it is more likely than not that deferred income tax assets will not be realized, purchase accounting adjustments, and the effects of foreign currency translation.

Summary of Significant Accoun32

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jan. 02, 2016
Description of Business	Description of Business VF Corporation (together with its subsidiaries, collectively known as “VF”) is a global apparel and footwear company based in the United States. VF designs, produces, procures, markets and distributes a variety of products, including jeanswear, outerwear, footwear, backpacks, luggage, sportswear, and occupational and performance apparel, for consumers of all ages. Products are marketed primarily under VF-owned brand names.
Basis of Presentation	Basis of Presentation The consolidated financial statements and related disclosures are presented in accordance with generally accepted accounting principles in the U.S (“GAAP”). The consolidated financial statements include the accounts of VF and its controlled subsidiaries, after elimination of intercompany transactions and balances.
Fiscal Year	Fiscal Year VF operates and reports using a 52/53 week fiscal year ending on the Saturday closest to December 31 of each year. All references to “2015”, “2014” and “2013” relate to the 52-week fiscal year ended January 2, 2016, the 53-week fiscal year ended January 3, 2015, and the 52-week fiscal year ended December 28, 2013, respectively. Certain foreign subsidiaries report using a December 31 year-end due to local statutory requirements.
Use of Estimates	Use of Estimates In preparing the consolidated financial statements in accordance with GAAP, management makes estimates and assumptions that affect amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates.
Foreign Currency Translation and Transaction	Foreign Currency Translation and Transaction The financial statements of most foreign subsidiaries are measured using the foreign currency as the functional currency. Assets and liabilities denominated in a foreign currency are translated into U.S. dollars using exchange rates in effect at the balance sheet date, and revenues and expenses are translated at average exchange rates during the period. Resulting translation gains and losses, and transaction gains and losses on long-term advances to foreign subsidiaries, are reported in other comprehensive income (loss) (“OCI”). Foreign currency transactions are denominated in a currency other than the functional currency of a particular entity. These transactions generally result in receivables or payables that are fixed in the foreign currency. Transaction gains or losses arise when exchange rate fluctuations either increase or decrease the functional currency cash flows from the originally recorded transaction. As discussed in Note T, VF enters into derivative contracts to manage foreign currency risk on certain of these transactions. Foreign currency transaction gains and losses reported in the Consolidated Statements of Income, net of the related hedging impact, were a loss of $9.0 million in 2015, a gain of $6.1 million in 2014, and a gain of $9.1 million in 2013.
Cash and Equivalents	Cash and Equivalents Cash and equivalents are demand deposits, receivables from third-party credit card processors, and highly liquid investments that mature within three months of their purchase dates. Cash equivalents totaling $535.1 million and $585.9 million at December 2015 and 2014, respectively, consist of money market funds and short-term time deposits.
Accounts Receivable	Accounts Receivable Trade accounts receivable are recorded at invoiced amounts, less estimated allowances for trade terms, sales incentive programs, discounts, markdowns, chargebacks and returns as discussed below in Revenue Recognition
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value. Cost is determined on the first-in, first-out (“FIFO”) method and is net of discounts or rebates received from vendors.
Long-lived Assets, Including Goodwill and Intangible Assets	Long-lived Assets, Including Goodwill and Intangible Assets Property, plant and equipment, intangible assets and goodwill are initially recorded at cost. VF capitalizes improvements to property, plant and equipment that substantially extend the useful life of the asset, and interest cost incurred during construction of major assets. Assets under capital leases are recorded at the present value of minimum lease payments. Repair and maintenance costs are expensed as incurred. Cost for acquired intangible assets is fair value, based generally on the present value of expected cash flows. Trademark intangible assets represent individual acquired trademarks, some of which are registered in multiple countries. Customer relationship intangible assets are based on the value of relationships with wholesale customers in place at the time of acquisition. License intangible assets relate to numerous licensing contracts, with VF as either the licensor or licensee. Goodwill represents the excess of cost of an acquired business over the fair value of net tangible assets and identifiable intangible assets acquired. Goodwill is assigned at the reporting unit level. Depreciation of property, plant and equipment is computed using the straight-line method over the estimated useful lives of the assets, ranging from 3 to 10 years for machinery and equipment and up to 40 years for buildings. Amortization expense for leasehold improvements and assets under capital leases is recognized over the shorter of their estimated useful lives or the lease terms, and is included in depreciation expense. Intangible assets determined to have indefinite lives, consisting of major trademarks and trade names, are not amortized. Other intangible assets, primarily customer relationships, contracts to license trademarks to third parties and contracts to license trademarks from third parties, are amortized over their estimated useful lives ranging from 3 to 30 years. Amortization of intangible assets is computed using straight-line or accelerated methods consistent with the timing of the expected benefits to be received. Depreciation and amortization expense related to producing or otherwise obtaining finished goods inventories is included in cost of goods sold, and other depreciation and amortization expense is included in selling, general and administrative expenses. VF’s policy is to review property, plant and equipment and amortizable intangible assets for possible impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group might be impaired. If forecasted undiscounted cash flows to be generated by the asset are not expected to recover the asset’s carrying value, an impairment charge is recorded for the excess of the asset’s carrying value over its estimated fair value. VF’s policy is to evaluate indefinite-lived intangible assets and goodwill for possible impairment as of the beginning of the fourth quarter of each year, or whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. VF may first assess qualitative factors as a basis for determining whether it is necessary to perform quantitative impairment testing. If VF determines that it is not more likely than not that the fair value of an asset or reporting unit is less than its carrying value, then no further testing is required. Otherwise, the assets must be quantitatively tested for impairment. An indefinite-lived intangible asset is quantitatively evaluated for possible impairment by comparing the estimated fair value of the asset with its carrying value. An impairment charge is recorded if the carrying value of the asset exceeds its estimated fair value. Goodwill is quantitatively evaluated for possible impairment by comparing the estimated fair value of a reporting unit with its carrying value, including the goodwill assigned to that reporting unit. An impairment charge is recorded if the carrying value of the goodwill exceeds its implied fair value.
Derivative Financial Instruments	Derivative Financial Instruments Derivative financial instruments are measured at fair value in the Consolidated Balance Sheets. Unrealized gains and losses are recognized as assets and liabilities, respectively, and classified as current or noncurrent based on the derivatives’ maturity dates. The accounting for changes in the fair value of derivative instruments (i.e., gains and losses) depends on whether a derivative has been designated and qualifies as part of a hedging relationship and on the nature of the hedging relationship. The criteria used to determine if a derivative instrument qualifies for hedge accounting treatment are (i) whether an appropriate hedging instrument has been identified and designated to reduce a specific exposure and (ii) whether there is a high correlation between changes in the fair value of the hedging instrument and the identified exposure based on the nature of the hedging relationship. VF’s hedging practices are described in Note T. VF does not use derivative instruments for trading or speculative purposes. Hedging cash flows are classified in the Consolidated Statements of Cash Flows in the same category as the items being hedged. VF formally documents hedging instruments and hedging relationships at the inception of each contract. Further, at the inception of a contract and on an ongoing basis, VF assesses whether the hedging instruments are effective in offsetting the risk of the hedged transactions. Occasionally, a portion of a derivative instrument will be considered ineffective in hedging the originally identified exposure due to a decline in amount or a change in timing of the hedged exposure. In that case, hedge accounting treatment is discontinued for the ineffective portion of that hedging instrument, and any change in fair value for the ineffective portion is recognized in net income. VF also uses derivative contracts to manage foreign currency exchange risk on certain assets and liabilities. These contracts are not designated as hedges, and are measured at fair value in the Consolidated Balance Sheets with changes in fair value recognized directly in net income. The counterparties to the derivative contracts are financial institutions having at least A-rated investment grade credit ratings. To manage its credit risk, VF continually monitors the credit risks of its counterparties, limits its exposure in the aggregate and to any single counterparty, and adjusts its hedging positions as appropriate. The impact of VF’s credit risk and the credit risk of its counterparties, as well as the ability of each party to fulfill its obligations under the contracts, is considered in determining the fair value of the derivative contracts. Credit risk has not had a significant effect on the fair value of VF’s derivative contracts. VF does not have any credit risk-related contingent features or collateral requirements with its derivative contracts.
Revenue Recognition	Revenue Recognition Revenue is recognized when (i) there is a contract or other arrangement of sale, (ii) the sales price is fixed or determinable, (iii) title and the risks of ownership have been transferred to the customer and (iv) collection of the receivable is reasonably assured. Sales to wholesale customers and e-commerce sales are generally recognized when the product has been received by the customer. Sales at VF-operated retail stores are recognized at the time products are purchased by consumers. Revenue from the sale of gift cards is deferred until the gift card is redeemed by the customer or the Company determines that the likelihood of redemption is remote and that it does not have a legal obligation to remit the value of the unredeemed gift card to any jurisdiction under unclaimed property regulations. Net sales reflect adjustments for estimated allowances for trade terms, sales incentive programs, discounts, markdowns, chargebacks and returns. These allowances are estimated based on evaluations of specific product and customer circumstances, historical and anticipated trends, and current economic conditions. Shipping and handling costs billed to customers are included in net sales. Sales taxes and value added taxes collected from customers and remitted directly to governmental authorities are excluded from net sales. Royalty income is recognized as earned based on the greater of the licensees’ sales of licensed products at rates specified in the licensing contracts or contractual minimum royalty levels.
Cost of Goods Sold	Cost of Goods Sold Cost of goods sold for VF-manufactured goods includes all materials, labor and overhead costs incurred in the production process. Cost of goods sold for purchased finished goods includes the purchase costs and related overhead. In both cases, overhead includes all costs related to manufacturing or purchasing finished goods, including costs of planning, purchasing, quality control, depreciation, freight, duties, royalties paid to third parties and shrinkage. For product lines with a warranty, a provision for estimated future repair or replacement costs, based on historical and anticipated trends, is recorded when these products are sold.
Selling, General and Administrative Expenses	Selling, General and Administrative Expenses Selling, general and administrative expenses include costs of product development, selling, marketing and advertising, VF-operated retail stores, concession retail stores, warehousing, distribution, shipping and handling, licensing and administration. Advertising costs are expensed as incurred and totaled $712.6 million in 2015, $713.7 million in 2014 and $671.3 million in 2013. Advertising costs include cooperative advertising payments made to VF’s customers as reimbursement for their costs of advertising VF’s products, and totaled $61.9 million in 2015, $62.6 million in 2014 and $58.6 million in 2013. Shipping and handling costs for delivery of products to customers totaled $348.1 million in 2015, $309.9 million in 2014 and $298.5 million in 2013. Expenses related to royalty income, including amortization of licensed intangible assets, were $13.0 million in 2015, $13.2 million in 2014 and $13.4 million in 2013.
Rent Expense	Rent Expense VF enters into noncancelable operating leases for retail stores, office space, distribution facilities and equipment. Leases for real estate typically have initial terms ranging from 3 to 15 years, generally with renewal options. Leases for equipment typically have initial terms ranging from 2 to 5 years. Most leases have fixed rentals, with many of the real estate leases requiring additional payments for real estate taxes and occupancy-related costs. Contingent rent expense, owed when sales at individual retail store locations exceed a stated base amount, is recognized when the liability is probable. Rent expense for leases having rent holidays, landlord incentives or scheduled rent increases is recorded on a straight-line basis over the lease term beginning with the earlier of the lease commencement date, or the date VF takes possession or control of the leased premises. The amount of the excess straight-line rent expense over scheduled payments is recorded as a deferred liability.
Self-insurance	Self-insurance VF is self-insured for a significant portion of its employee medical, workers’ compensation, vehicle, property and general liability exposures. Liabilities for self-insured exposures are accrued at the present value of amounts expected to be paid based on historical claims experience and actuarial data for forecasted settlements of claims filed and for incurred but not yet reported claims. Accruals for self-insured exposures are included in current and noncurrent liabilities based on the expected periods of payment. Excess liability insurance has been purchased to limit the amount of self-insured risk on claims.
Income Taxes	Income Taxes Income taxes are provided on pretax income for financial reporting purposes. Income taxes are based on amounts of taxes payable or refundable in the current year and on expected future tax consequences of events that are recognized in the consolidated financial statements in different periods than they are recognized in tax returns. As a result of timing of recognition and measurement differences between financial accounting standards and income tax laws, temporary differences arise between amounts of pretax financial statement income and taxable income, and between reported amounts of assets and liabilities in the Consolidated Balance Sheets and their respective tax bases. Deferred income tax assets and liabilities reported in the Consolidated Balance Sheets reflect the estimated future tax impact of these temporary differences and net operating loss and net capital loss carryforwards, based on tax rates currently enacted for the years in which the differences are expected to be settled or realized. Realization of deferred tax assets is dependent on future taxable income in specific jurisdictions. Valuation allowances are used to reduce deferred tax assets to amounts considered more likely than not to be realized. U.S. deferred income taxes are not provided on undistributed income of foreign subsidiaries where such earnings are considered to be permanently reinvested. Accrued income taxes in the Consolidated Balance Sheets include unrecognized income tax benefits, along with related interest and penalties, appropriately classified as current or noncurrent. All deferred tax assets and liabilities are classified as noncurrent in the Consolidated Balance Sheets. The provision for income taxes also includes estimated interest and penalties related to uncertain tax positions.
Earnings Per Share	Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average number of shares of Common Stock outstanding during the period. Diluted earnings per share assumes conversion of potentially dilutive securities such as stock options, restricted stock and restricted stock units.
Concentration of Risks	Concentration of Risks VF markets products to a broad customer base throughout the world. Products are sold at a range of price points through multiple wholesale and direct-to-consumer channels. VF’s ten largest customers, all U.S.-based retailers, accounted for 22% of 2015 total revenues, and sales to VF’s largest customer accounted for 8% of 2015 total revenues. Sales are generally made on an unsecured basis under customary terms that may vary by product, channel of distribution or geographic region. VF continuously monitors the creditworthiness of its customers and has established internal policies regarding customer credit limits. The breadth of product offerings, combined with the large number and geographic diversity of its customers, limits VF’s concentration of risks.
Legal and Other Contingencies	Legal and Other Contingencies Management periodically assesses liabilities and contingencies in connection with legal proceedings and other claims that may arise from time to time. When it is probable that a loss has been or will be incurred, an estimate of the loss is recorded in the consolidated financial statements. Estimates of losses are adjusted when additional information becomes available or circumstances change. A contingent liability is disclosed when there is at least a reasonable possibility that a material loss may have been incurred. Management believes that the outcome of any outstanding or pending matters, individually and in the aggregate, will not have a material adverse effect on the consolidated financial statements.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform with the 2015 presentation, as discussed below in Recently Adopted Accounting Standards
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In April 2014, the Financial Accounting Standards Board (“FASB”) changed the definition and disclosure requirements for discontinued operations. This guidance became effective in the first quarter of 2015, but did not have an impact on VF’s consolidated financial statements. In April 2015, the FASB issued an update to their accounting guidance related to retirement benefits that provides a practical expedient permitting companies to measure defined benefit plan assets and obligations using the month-end that is closest to an entity’s fiscal year-end. The Company early adopted this guidance as of December 2015, and measured plan assets and obligations as of December 31, 2015. This change in measurement date did not have a significant impact on VF’s consolidated financial statements. In April 2015, the FASB issued an update to their accounting guidance related to debt issuance costs. The guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with the presentation of debt discounts. The Company early adopted this guidance as of December 2015 on a retrospective basis, as presented in the table below. In May 2015, the FASB issued an update to their accounting guidance related to fair value measurements. The guidance removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient, and requires separate disclosure instead. The Company early adopted this guidance as of December 2015 on a retrospective basis. The new guidance did not impact disclosures related to VF’s investments, but did impact disclosures related to the Company’s defined benefit pension plan assets. Refer to Note L for additional information. In November 2015, the FASB issued an update to their accounting guidance on income taxes that eliminates the current requirement for companies to present deferred income tax assets and liabilities as current and noncurrent in a classified balance sheet. Instead, companies are required to classify all deferred tax assets and liabilities as noncurrent. The Company early adopted this guidance as of December 2015 on a retrospective basis, as presented in the table below. The impact of adopting the new accounting guidance on classification of debt issuance costs and deferred income taxes on VF’s 2014 Consolidated Balance Sheet is as follows: Balance Sheet Line Item 2014 Consolidated Reclassification of Costs Increase/ (Decrease) Reclassification of Taxes Increase/ (Decrease) 2014 Consolidated In thousands Deferred income taxes $ 154,285 $ — $ (154,285 ) $ — Other assets 593,597 (9,734 ) 29,179 613,042 Accrued liabilities 903,602 — (6,176 ) 897,426 Long-term debt 1,423,581 (9,734 ) — 1,413,847 Other liabilities 1,305,436 — (118,930 ) 1,186,506
Recently Issued Accounting Standards	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 new guidance contains principles that an entity must apply to determine when and how revenue is recognized. New disclosures about revenues and cash flows arising from contracts with customers are also required. In July 2015, the FASB approved a one-year delay to the adoption date of the standard that makes it effective in the first quarter of 2018 with early adoption permitted. The Company is evaluating the impact that adopting this guidance will have on VF’s consolidated financial statements. In June 2014, the FASB issued an update to their accounting guidance related to stock-based compensation. The guidance requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. This guidance will be effective in the first quarter of 2016, but will not impact VF’s consolidated financial statements. In February 2015, the FASB issued an update to their existing consolidation model, that changes the analysis a reporting entity must perform to determine whether it should consolidate certain types of legal entities. This guidance will be effective in the first quarter of 2016, but will not impact VF’s consolidated financial statements. In April 2015, the FASB issued new guidance related to a customer’s accounting for fees paid in a cloud computing arrangement. This guidance provides clarification on whether a cloud computing arrangement should be treated as a software license or a service contract. This guidance will be effective in the first quarter of 2016, but will not impact VF’s consolidated financial statements. 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 will be effective in the first quarter of 2017 with early adoption permitted, but will not impact VF’s consolidated financial statements. In September 2015, the FASB issued an update to their accounting guidance related to business combinations that simplifies the accounting for measurement-period adjustments. The guidance requires an acquirer to recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined, thus eliminating the requirement to restate prior period financial statements for measurement-period adjustments. This guidance will be effective in the first quarter of 2016, and will impact VF’s consolidated financial statements if the Company is the acquirer in a business combination that includes measurement-period adjustments. In January 2016, the FASB issued an update to their accounting guidance related to the recognition and measurement of certain financial instruments. The 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 in the first quarter of 2018 with early adoption permitted. The Company is evaluating the impact that adopting this guidance will have on VF’s consolidated financial statements. In February 2016, the FASB issued a new accounting standard on leasing. The new standard will require companies to record most leased assets and liabilities on the balance sheet, and also proposes a dual model for recognizing expense. This guidance will be effective in the first quarter of 2019 with early adoption permitted. The Company is evaluating the impact that adopting this guidance will have on VF’s consolidated financial statements.

Summary of Significant Accoun33

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jan. 02, 2016
Impact of Adopting New Accounting Guidance on Classification of Debt Issuance Costs and Deferred Income Taxes	The impact of adopting the new accounting guidance on classification of debt issuance costs and deferred income taxes on VF’s 2014 Consolidated Balance Sheet is as follows: Balance Sheet Line Item 2014 Consolidated Reclassification of Costs Increase/ (Decrease) Reclassification of Taxes Increase/ (Decrease) 2014 Consolidated In thousands Deferred income taxes $ 154,285 $ — $ (154,285 ) $ — Other assets 593,597 (9,734 ) 29,179 613,042 Accrued liabilities 903,602 — (6,176 ) 897,426 Long-term debt 1,423,581 (9,734 ) — 1,413,847 Other liabilities 1,305,436 — (118,930 ) 1,186,506

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Jan. 02, 2016
Accounts Receivable	2015 2014 In thousands Trade $ 1,265,758 $ 1,223,627 Royalty and other 77,719 79,291 Total accounts receivable 1,343,477 1,302,918 Less allowance for doubtful accounts 23,919 26,694 Accounts receivable, net $ 1,319,558 $ 1,276,224

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jan. 02, 2016
Inventories	2015 2014 In thousands Finished products $ 1,352,572 $ 1,232,623 Work in process 102,557 104,517 Raw materials 156,865 145,664 Total inventories $ 1,611,994 $ 1,482,804

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Jan. 02, 2016
Property, Plant and Equipment	2015 2014 In thousands Land and improvements $ 98,284 $ 57,151 Buildings and improvements 1,046,932 986,679 Machinery and equipment 1,266,886 1,225,293 Property, plant and equipment, at cost 2,412,102 2,269,123 Less accumulated depreciation and amortization 1,423,943 1,326,942 Property, plant and equipment, net $ 988,159 $ 942,181

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Jan. 02, 2016
Indefinite Lived Intangible Assets	Weighted Amortization Cost Accumulated Net In thousands December 2015 Amortizable intangible assets: Customer relationships 20 years Accelerated $ 275,385 $ 119,338 $ 156,047 License agreements 24 years Accelerated and 179,626 93,086 86,540 Other 11 years Straight-line 5,636 2,193 3,443 Amortizable intangible assets, net 246,030 Indefinite-lived intangible assets: Trademarks and trade names 1,866,589 Intangible assets, net $ 2,112,619 Weighted Amortization Cost Accumulated Net In thousands December 2014 Amortizable intangible assets: Customer relationships 20 years Accelerated $ 593,575 $ 351,764 $ 241,811 License agreements 24 years Accelerated and 182,873 86,137 96,736 Other 9 years Straight-line 12,138 7,775 4,363 Amortizable intangible assets, net 342,910 Indefinite-lived intangible assets: Trademarks and trade names 2,090,642 Intangible assets, net $ 2,433,552
Finite Lived Intangible Assets	Weighted Amortization Cost Accumulated Net In thousands December 2015 Amortizable intangible assets: Customer relationships 20 years Accelerated $ 275,385 $ 119,338 $ 156,047 License agreements 24 years Accelerated and 179,626 93,086 86,540 Other 11 years Straight-line 5,636 2,193 3,443 Amortizable intangible assets, net 246,030 Indefinite-lived intangible assets: Trademarks and trade names 1,866,589 Intangible assets, net $ 2,112,619 Weighted Amortization Cost Accumulated Net In thousands December 2014 Amortizable intangible assets: Customer relationships 20 years Accelerated $ 593,575 $ 351,764 $ 241,811 License agreements 24 years Accelerated and 182,873 86,137 96,736 Other 9 years Straight-line 12,138 7,775 4,363 Amortizable intangible assets, net 342,910 Indefinite-lived intangible assets: Trademarks and trade names 2,090,642 Intangible assets, net $ 2,433,552

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Jan. 02, 2016
Changes in Goodwill	Changes in goodwill are summarized by business segment as follows: Outdoor & Action Sports Jeanswear Imagewear Sportswear Contemporary Total In thousands Balance, December 2013 $ 1,434,898 $ 228,430 $ 58,747 $ 157,314 $ 142,361 $ 2,021,750 Impairment charge — — — — (142,361 ) (142,361 ) Currency translation (45,445 ) (8,988 ) — — — (54,433 ) Balance, December 2014 1,389,453 219,442 58,747 157,314 — 1,824,956 Currency translation (29,978 ) (6,571 ) — — — (36,549 ) Balance, December 2015 $ 1,359,475 $ 212,871 $ 58,747 $ 157,314 $ — $ 1,788,407

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Jan. 02, 2016
Other Assets	2015 2014 In thousands Investments held for deferred compensation plans (Note L) $ 205,283 $ 227,510 Other investments 10,706 15,666 Deferred income taxes (Note O) 39,246 49,431 Computer software, net of accumulated amortization of $99,124 in 2015 and $54,936 in 2014 177,642 170,269 Partnership stores and shop-in-shop costs, net of accumulated amortization of $96,819 in 2015 and $78,321 in 2014 45,514 44,581 Pension assets (Note L) 9,273 1,491 Deferred line of credit issuance costs 1,596 540 Derivative financial instruments (Note T) 12,995 20,269 Deposits 37,347 33,880 Other 47,619 49,405 Other assets $ 587,221 $ 613,042

Short-term Borrowings (Tables)

Short-term Borrowings (Tables)	12 Months Ended
	Jan. 02, 2016
Summary of Short-Term Borrowings	2015 2014 In thousands Commercial paper borrowings $ 423,000 $ — International borrowing arrangements 26,590 21,822 Short-term borrowings $ 449,590 $ 21,822

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Jan. 02, 2016
Accrued Liabilities	2015 2014 In thousands Compensation $ 172,901 $ 210,652 Deferred compensation (Note L) 29,491 31,773 Income taxes 59,779 98,860 Other taxes 123,161 141,613 Advertising 56,338 52,155 Customer discounts and allowances 36,013 34,209 Interest 16,918 16,443 Derivative financial instruments (Note T) 25,776 26,968 Insurance 16,669 15,332 Product warranty claims (Note K) 13,550 14,467 Pension liabilities (Note L) 8,480 8,880 Freight, duties and postage 51,657 50,651 Other 178,517 195,423 Accrued liabilities $ 789,250 $ 897,426

Long-term Debt (Tables)

Long-term Debt (Tables)	12 Months Ended
	Jan. 02, 2016
Long - Term Debt	2015 2014 In thousands 5.95% notes, due 2017 $ 249,586 $ 249,350 3.50% notes, due 2021 496,566 496,030 6.00% notes, due 2033 291,948 291,656 6.45% notes, due 2037 345,925 345,737 Other long-term debt 9,928 10,141 Capital leases 21,146 24,908 Total long-term debt 1,415,099 1,417,822 Less current portion 13,279 3,975 Long-term debt, due beyond one year $ 1,401,820 $ 1,413,847
Payments of Long - Term Debt and Future Minimum Lease Payments	The scheduled payments of long-term debt and future minimum lease payments for capital leases at the end of 2015 are summarized as follows: Notes and Capital Total In thousands 2016 $ 9,928 $ 4,346 $ 14,274 2017 250,000 4,504 254,504 2018 — 4,504 4,504 2019 — 4,504 4,504 2020 — 4,504 4,504 Thereafter 1,150,000 1,877 1,151,877 1,409,928 24,239 1,434,167 Less unamortized debt discount 7,158 — 7,158 Less unamortized debt issuance costs (a) 8,817 — 8,817 Less amounts representing interest — 3,093 3,093 Total long-term debt 1,393,953 21,146 1,415,099 Less current portion 9,928 3,351 13,279 Long-term debt, due beyond one year $ 1,384,025 $ 17,795 $ 1,401,820 (a) As discussed in Note A, we have presented unamortized debt issuance costs as a reduction to long-term debt.

Other Liabilities (Tables)

Other Liabilities (Tables)	12 Months Ended
	Jan. 02, 2016
Schedule of Other Liabilities	2015 2014 In thousands Deferred compensation (Note L) $ 223,232 $ 263,453 Pension liabilities (Note L) 157,434 364,304 Income taxes 79,975 123,891 Deferred income taxes (Note O) 241,409 229,464 Deferred rent credits 95,875 90,939 Product warranty claims 49,564 47,821 Derivative financial instruments (Note T) 2,256 4,801 Other 61,426 61,833 Other liabilities $ 911,171 $ 1,186,506
Activity Relating to Accrued Product Warranty Claims	Activity relating to accrued product warranty claims is summarized as follows: 2015 2014 2013 In thousands Balance, beginning of year $ 62,288 $ 57,139 $ 50,395 Accrual for products sold during the year 16,673 20,971 20,199 Repair or replacement costs incurred (14,136 ) (13,660 ) (13,923 ) Currency translation (1,711 ) (2,162 ) 468 Balance, end of year 63,114 62,288 57,139 Less current portion (Note I) 13,550 14,467 14,787 Long-term portion $ 49,564 $ 47,821 $ 42,352

Retirement and Savings Benefi44

Retirement and Savings Benefit Plans (Tables)	12 Months Ended
	Jan. 02, 2016
Components of Pension Cost	The components of pension cost for VF’s defined benefit plans were as follows: 2015 2014 2013 In thousands Service cost — benefits earned during the year $ 29,223 $ 24,163 $ 25,445 Interest cost on projected benefit obligations 77,620 81,496 72,003 Expected return on plan assets (111,095 ) (90,674 ) (94,585 ) Settlement charges 4,062 — — Amortization of deferred amounts: Net deferred actuarial losses 61,966 37,518 85,356 Deferred prior service costs 3,038 5,445 1,270 Total pension expense $ 64,814 $ 57,948 $ 89,489 Weighted average actuarial assumptions used to determine pension expense: Discount rate 3.93 % 4.64 % 3.91 % Expected long-term return on plan assets 6.05 % 4.73 % 5.70 % Rate of compensation increase 3.91 % 3.53 % 3.82 %
Reconciliation of Changes in Fair Value of Defined Benefit Plan Assets and Projected Benefit Obligations	The following provides a reconciliation of the changes in fair value of VF’s defined benefit plan assets and projected benefit obligations for each year, and the funded status at the end of each year: 2015 2014 In thousands Fair value of plan assets, beginning of year $ 1,628,254 $ 1,467,526 Actual return on plan assets (56,624 ) 189,824 VF contributions 273,520 67,808 Participant contributions 3,483 3,429 Benefits paid (87,994 ) (88,746 ) Currency translation (5,265 ) (11,587 ) Fair value of plan assets, end of year 1,755,374 1,628,254 Projected benefit obligations, beginning of year 1,999,947 1,688,701 Service cost 29,223 24,163 Interest cost 77,620 81,496 Participant contributions 3,483 3,429 Actuarial (gain) loss (101,387 ) 306,797 Benefits paid (87,994 ) (88,746 ) Plan amendments (1,510 ) 263 Currency translation (7,367 ) (16,156 ) Projected benefit obligations, end of year 1,912,015 1,999,947 Funded status, end of year $ (156,641 ) $ (371,693 ) Pension benefits are reported in the balance sheet as a net asset or liability based on the overfunded or underfunded status of the defined benefit plans, assessed on a plan-by-plan basis. 2015 2014 In thousands Amounts included in Consolidated Balance Sheets: Noncurrent assets (Note G) $ 9,273 $ 1,491 Current liabilities (Note I) (8,480 ) (8,880 ) Noncurrent liabilities (Note K) (157,434 ) (364,304 ) Funded status $ (156,641 ) $ (371,693 ) Accumulated other comprehensive (income) loss, pretax: Net deferred actuarial losses $ 586,828 $ 588,847 Deferred prior service costs 17,459 21,950 Total accumulated other comprehensive (income) loss, pretax $ 604,287 $ 610,797 Accumulated benefit obligations $ 1,827,521 $ 1,916,070 Weighted average actuarial assumptions used to determine pension obligations: Discount rate 4.29 % 3.47 % Rate of compensation increase 3.90 % 3.34 %
Fair Value of Investments Held by Pension Plan	The fair value of investments held by VF’s defined benefit plans at December 2015 and 2014, by asset class, is summarized below. See Note S for a description of the three levels of the fair value measurement hierarchy. Total Plan Assets Fair Value Measurements Level 1 Level 2 Level 3 In thousands December 2015 Plan assets Cash equivalents $ 2,790 $ 2,790 $ — $ — Fixed income securities: U.S. Treasury and government agencies 11 — 11 — Insurance contracts 50,856 — 50,856 — Commodities (439 ) (439 ) — — Total plan assets in the fair value hierarchy 53,218 $ 2,351 $ 50,867 $ — Plan assets measured at net asset value (a) Cash equivalents 23,538 Equity securities: Domestic 107,190 International 179,256 Fixed income securities: Corporate and international bonds 1,232,691 Alternative investments 159,481 Total plan assets measured at net asset value 1,702,156 Total plan assets $ 1,755,374 Total Plan Assets Fair Value Measurements Level 1 Level 2 Level 3 In thousands December 2014 Plan assets Cash equivalents $ 3,220 $ 3,220 $ — $ — Fixed income securities: U.S. Treasury and government agencies 16 — 16 — Insurance contracts 46,059 — 46,059 — Commodities (1,393 ) (1,393 ) — — Total plan assets in the fair value hierarchy 47,902 $ 1,827 $ 46,075 $ — Plan assets measured at net asset value (a) Cash equivalents 61,788 Equity securities: Domestic 180,258 International 219,259 Fixed income securities: Corporate and international bonds 986,125 Alternative investments 132,922 Total plan assets measured at net asset value 1,580,352 Total plan assets $ 1,628,254 (a) As discussed in Note A, investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have been removed from the total plan assets in the fair value hierarchy.

Capital and Accumulated Other45

Capital and Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Jan. 02, 2016
Shares Held for Deferred Compensation Plans	Balances related to shares held for deferred compensation plans are as follows: 2015 2014 2013 In thousands, except share amounts Shares held for deferred compensation plans 562,649 637,504 704,104 Cost of shares held for deferred compensation plans $ 6,823 $ 7,724 $ 8,396
Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity	The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows: 2015 2014 In thousands Foreign currency translation $ (718,169 ) $ (356,941 ) Defined benefit pension plans (372,195 ) (377,134 ) Derivative financial instruments 47,142 31,389 Marketable securities — 414 Accumulated other comprehensive income (loss) $ (1,043,222 ) $ (702,272 )
Changes in Accumulated OCI, Net of Related Taxes	The changes in accumulated OCI, net of related taxes, are as follows: Foreign Defined Derivative Marketable Securities Total In thousands Balance, December 2013 $ 106,647 $ (277,451 ) $ (41,754 ) $ 838 $ (211,720 ) Other comprehensive income (loss) before reclassifications (463,588 ) (126,275 ) 53,651 (424 ) (536,636 ) Amounts reclassified from accumulated other comprehensive income (loss) — 26,592 19,492 — 46,084 Net other comprehensive income (loss) (463,588 ) (99,683 ) 73,143 (424 ) (490,552 ) Balance, December 2014 (356,941 ) (377,134 ) 31,389 414 (702,272 ) Other comprehensive income (loss) before reclassifications (361,228 ) (37,238 ) 55,325 300 (342,841 ) Amounts reclassified from accumulated other comprehensive income (loss) — 42,177 (39,572 ) (714 ) 1,891 Net other comprehensive income (loss) (361,228 ) 4,939 15,753 (414 ) (340,950 ) Balance, December 2015 $ (718,169 ) $ (372,195 ) $ 47,142 $ — $ (1,043,222 )
Reclassifications Out of Accumulated OCI	Reclassifications out of accumulated OCI are as follows: Details About Accumulated Other Comprehensive Income (Loss) Components Affected Line Item in the 2015 2014 In thousands Amortization of defined benefit pension plans: Net deferred actuarial losses (a) $ (61,966 ) $ (37,518 ) Deferred prior service costs (a) (3,038 ) (5,445 ) Pension settlement charges Selling, general and administrative expenses (4,062 ) — Total before tax (69,066 ) (42,963 ) Tax benefit 26,889 16,371 Net of tax (42,177 ) (26,592 ) Gains (losses) on derivative financial instruments: Foreign exchange contracts Net sales (68,543 ) (18,071 ) Foreign exchange contracts Cost of goods sold 132,432 (8,756 ) Foreign exchange contracts Selling, general and administrative expenses (1,885 ) — Foreign exchange contracts Other income (expense), net 7,267 (1,189 ) Interest rate contracts Interest expense (4,295 ) (4,095 ) Total before tax 64,976 (32,111 ) Tax benefit (expense) (25,404 ) 12,619 Net of tax 39,572 (19,492 ) Gains (losses) on sale of marketable securities: Other income (expense), net 1,177 — Tax expense (463 ) — Net of tax 714 — Total reclassifications for the year Net of tax $ (1,891 ) $ (46,084 ) (a) These accumulated OCI components are included in the computation of net periodic pension cost (see Note L for additional details).

Stock-based Compensation (Table

Stock-based Compensation (Tables)	12 Months Ended
	Jan. 02, 2016
Total Stock-Based Compensation Cost and Associated Income Tax Benefits Related to Stock-Based Compensation Arrangements Recognized and Stock-Based Compensation Costs Included in Inventory	Total stock-based compensation cost and the associated income tax benefits recognized in the Consolidated Statements of Income, and stock-based compensation costs included in inventory in the Consolidated Balance Sheets, are as follows: 2015 2014 2013 In thousands Stock-based compensation cost $ 73,420 $ 104,313 $ 87,118 Income tax benefits 28,090 41,725 32,059 Stock-based compensation costs included in inventory 1,345 797 119
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: 2015 2014 2013 Expected volatility 19% to 29% 23% to 29% 24% to 29% Weighted average expected volatility 22% 26% 27% Expected term (in years) 5.9 to 7.5 5.5 to 7.3 5.6 to 7.4 Weighted average dividend yield 2.0% 2.1% 2.3% Risk-free interest rate 0.7% to 2.3% 0.1% to 2.7% 0.1% to 2.0% Weighted average fair value at date of grant $13.72 $12.01 $8.34
Stock Option Activity	Stock option activity for 2015 is summarized as follows: Number of Weighted Weighted Aggregate Outstanding, December 2014 15,135,028 $ 33.42 Granted 2,472,074 75.33 Exercised (2,703,881 ) 24.60 Forfeited/cancelled (187,811 ) 60.91 Outstanding, December 2015 14,715,410 41.73 6.5 $ 333,241 Exercisable, December 2015 9,621,016 30.89 5.4 $ 301,757
RSU Activity	RSU activity for 2015 is summarized as follows: Performance-based Nonperformance-based Number Weighted Number Weighted Outstanding, December 2014 1,940,661 $ 43.73 386,595 $ 34.86 Granted 456,009 75.33 81,856 71.17 Issued as Common Stock (701,739 ) 36.41 (183,595 ) 28.86 Forfeited/cancelled (45,301 ) 58.22 (10,000 ) 36.12 Outstanding, December 2015 1,649,630 55.18 274,856 49.64 Vested, December 2015 665,290 54.19 11,556 75.35
Restricted Stock Activity	Restricted stock activity for 2015 is summarized below: Nonvested Weighted Nonvested shares, December 2014 704,490 $ 40.62 Granted 111,500 71.09 Dividend equivalents 13,139 69.30 Vested (225,864 ) 29.77 Forfeited (8,628 ) 65.28 Nonvested shares, December 2015 594,637 50.73

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jan. 02, 2016
Provision for Income Taxes was Computed Based on Amounts of Income Before Income Taxes	The provision for income taxes was computed based on the following amounts of income before income taxes: 2015 2014 2013 In thousands Domestic $ 745,061 $ 460,561 $ 735,177 Foreign 835,328 891,805 827,313 Income before income taxes $ 1,580,389 $ 1,352,366 $ 1,562,490
Provision for Income Taxes	The provision for income taxes consisted of: 2015 2014 2013 In thousands Current: Federal $ 194,851 $ 205,618 $ 238,816 Foreign 112,885 138,634 103,752 State 33,972 38,673 22,173 341,708 382,925 364,741 Deferred: Federal and state 401 (78,362 ) (15,265 ) Foreign 6,687 298 2,895 Income taxes $ 348,796 $ 304,861 $ 352,371
Differences Between Income Taxes Computed by Applying Statutory Federal Income Tax Rate and Income Tax Expense reported in Consolidated Financial Statements	The differences between income taxes computed by applying the statutory federal income tax rate and income tax expense reported in the consolidated financial statements are as follows: 2015 2014 2013 In thousands Tax at federal statutory rate $ 553,136 $ 473,328 $ 546,872 State income taxes, net of federal tax benefit 16,451 25,594 19,653 Foreign rate differences (212,287 ) (230,190 ) (187,513 ) Goodwill impairment — 49,840 — Change in valuation allowances — — (3,422 ) Tax credits (8,775 ) (9,033 ) (17,236 ) Other 271 (4,678 ) (5,983 ) Income taxes $ 348,796 $ 304,861 $ 352,371
Deferred Income Tax Assets and Liabilities	Deferred income tax assets and liabilities consisted of the following: 2015 2014 In thousands Deferred income tax assets: Inventories $ 38,897 $ 34,430 Employee compensation and benefits 252,307 257,187 Other accrued expenses 154,337 186,390 Operating loss carryforwards 139,634 115,259 Gross deferred income tax assets 585,175 593,266 Valuation allowances (100,951 ) (96,802 ) Net deferred income tax assets 484,224 496,464 Deferred income tax liabilities: Depreciation 27,756 624 Intangible assets 591,615 652,950 Other deferred tax liabilities 67,016 22,923 Deferred income tax liabilities 686,387 676,497 Net deferred income tax assets (liabilities) $ (202,163 ) $ (180,033 ) Amounts included in the Consolidated Balance Sheets (a) : Noncurrent assets (Note G) $ 39,246 $ 49,431 Noncurrent liabilities (Note K) (241,409 ) (229,464 ) $ (202,163 ) $ (180,033 ) (a) As discussed in Note A , we have presented all deferred tax assets and liabilities as noncurrent.
Reconciliation of Change in Accrual for Unrecognized Income Tax Benefits	A reconciliation of the change in the accrual for unrecognized income tax benefits is as follows: Unrecognized Accrued Unrecognized In thousands Balance, December 2012 $ 135,294 $ 16,821 $ 152,115 Additions for current year tax positions 11,921 — 11,921 Additions for prior year tax positions 10,908 4,627 15,535 Reductions for prior year tax positions (8,521 ) (2,130 ) (10,651 ) Reductions due to statute expirations (6,527 ) (626 ) (7,153 ) Payments in settlement (24,422 ) (1,218 ) (25,640 ) Currency translation (139 ) — (139 ) Balance, December 2013 118,514 17,474 135,988 Additions for current year tax positions 12,850 — 12,850 Additions for prior year tax positions 5,252 5,033 10,285 Reductions for prior year tax positions (12,898 ) (2,780 ) (15,678 ) Reductions due to statute expirations (9,159 ) (647 ) (9,806 ) Payments in settlement (657 ) (1,742 ) (2,399 ) Currency translation (298 ) (119 ) (417 ) Balance, December 2014 113,604 17,219 130,823 Additions for current year tax positions 13,470 — 13,470 Additions for prior year tax positions 4,396 3,188 7,584 Reductions for prior year tax positions (32,432 ) (6,350 ) (38,782 ) Reductions due to statute expirations (11,780 ) (2,528 ) (14,308 ) Payments in settlement (11,437 ) (2,065 ) (13,502 ) Currency translation (144 ) (95 ) (239 ) Balance, December 2015 $ 75,677 $ 9,369 $ 85,046
Amounts Included in Consolidated Balance Sheets	2015 2014 In thousands Amounts included in the Consolidated Balance Sheets: Unrecognized income tax benefits, including interest and penalties $ 85,046 $ 130,823 Less deferred tax benefits 11,973 23,290 Total unrecognized tax benefits $ 73,073 $ 107,533

Business Segment Information (T

Business Segment Information (Tables)	12 Months Ended
	Jan. 02, 2016
Financial Information for Reportable Segments	Financial information for VF’s reportable segments is as follows: 2015 2014 2013 In thousands Coalition revenues: Outdoor & Action Sports $ 7,400,446 $ 7,198,994 $ 6,379,167 Jeanswear 2,792,244 2,801,754 2,810,994 Imagewear 1,082,565 1,104,038 1,065,952 Sportswear 635,056 650,203 624,693 Contemporary Brands 344,089 400,431 415,053 Other 122,344 126,741 123,789 Total coalition revenues $ 12,376,744 $ 12,282,161 $ 11,419,648 Coalition profit: Outdoor & Action Sports (a) $ 1,266,763 $ 1,312,963 $ 1,106,384 Jeanswear 535,385 527,972 544,882 Imagewear 157,959 164,352 152,203 Sportswear 78,879 77,972 88,157 Contemporary Brands 5,845 23,420 38,825 Other (b) 15,135 (2,600 ) (562 ) Total coalition profit 2,059,966 2,104,079 1,929,889 Impairment of goodwill and intangible assets (c) (143,562 ) (396,362 ) — Corporate and other expenses (253,753 ) (275,537 ) (286,767 ) Interest expense, net (82,262 ) (79,814 ) (80,632 ) Income before income taxes $ 1,580,389 $ 1,352,366 $ 1,562,490 (a) Includes Timberland acquisition-related expenses of $10.7 million in 2013. (b) Includes a $16.6 million gain recognized on the sale of a VF Outlet ® (c) Reflects impairment charges in 2015 and 2014 related to the Contemporary Brands coalition. See Notes E, F and S for additional information.
Reconciliation Assets	2015 2014 2013 In thousands Coalition assets: Outdoor & Action Sports $ 2,436,788 $ 2,211,232 $ 2,133,447 Jeanswear 951,411 904,933 943,011 Imagewear 366,062 349,254 334,864 Sportswear 140,458 147,091 156,107 Contemporary Brands 145,265 172,687 187,116 Other 63,162 63,549 74,043 Total coalition assets 4,103,146 3,848,746 3,828,588 Cash and equivalents 945,605 971,895 776,403 Intangible assets and goodwill 3,901,026 4,258,508 4,981,951 Deferred income taxes 39,246 49,431 50,332 Corporate assets 650,519 716,720 532,005 Consolidated assets $ 9,639,542 $ 9,845,300 $ 10,169,279 Capital expenditures: Outdoor & Action Sports $ 166,267 $ 111,020 $ 139,428 Jeanswear 31,844 31,586 49,763 Imagewear 6,959 6,356 3,793 Sportswear 8,771 22,814 6,074 Contemporary Brands 5,663 10,308 13,679 Other 2,679 2,489 3,953 Corporate 32,318 49,504 54,463 $ 254,501 $ 234,077 $ 271,153 Depreciation and amortization expense: Outdoor & Action Sports $ 129,986 $ 131,166 $ 122,385 Jeanswear 41,823 43,189 41,742 Imagewear 11,608 11,602 11,481 Sportswear 15,358 14,334 12,195 Contemporary Brands 17,673 24,006 24,309 Other 4,510 5,231 4,608 Corporate 51,117 45,355 36,553 $ 272,075 $ 274,883 $ 253,273
Supplemental Information (with Revenues by Geographic Area Based on Location of Customer)	Supplemental information (with revenues by geographic area based on the location of the customer) is as follows: 2015 2014 2013 In thousands Total revenues: U.S. $ 7,883,758 $ 7,574,546 $ 7,124,781 Foreign, primarily Europe 4,492,986 4,707,615 4,294,867 $ 12,376,744 $ 12,282,161 $ 11,419,648 Property, plant and equipment: U.S. $ 631,937 $ 577,669 $ 549,420 Foreign, primarily Europe 356,222 364,512 383,372 $ 988,159 $ 942,181 $ 932,792

Commitments (Tables)

Commitments (Tables)	12 Months Ended
	Jan. 02, 2016
Rent expense, net of sublease income which was not significant in any period included in the Consolidated Statements of Income	Rent expense, net of sublease income that was not significant in any period, was included in the Consolidated Statements of Income as follows: 2015 2014 2013 In thousands Minimum rent expense $ 347,591 $ 335,771 $ 294,056 Contingent rent expense 26,192 23,335 14,175 Rent expense $ 373,783 $ 359,106 $ 308,231

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Jan. 02, 2016
Schedule of Earnings Per Share Basic and Diluted	2015 2014 2013 In thousands, except per share amounts Earnings per share — basic: Net income $ 1,231,593 $ 1,047,505 $ 1,210,119 Weighted average common shares outstanding 425,408 432,611 438,657 Earnings per share $ 2.90 $ 2.42 $ 2.76 Earnings per share — diluted: Net income $ 1,231,593 $ 1,047,505 $ 1,210,119 Weighted average common shares outstanding 425,408 432,611 438,657 Incremental shares from stock options and other dilutive securities 6,671 7,542 8,152 Adjusted weighted average common shares outstanding 432,079 440,153 446,809 Earnings per share $ 2.85 $ 2.38 $ 2.71

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Jan. 02, 2016
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: Fair Value Measurement Using (a) Total Fair Level 1 Level 2 Level 3 In thousands December 2015 Financial assets: Cash equivalents: Money market funds $ 495,264 $ 495,264 $ — $ — Time deposits 39,813 39,813 — — Derivative financial instruments 105,791 — 105,791 — Investment securities 203,797 190,792 13,005 — Financial liabilities: Derivative financial instruments 28,032 — 28,032 — Deferred compensation 252,723 — 252,723 — December 2014 Financial assets: Cash equivalents: Money market funds $ 388,635 $ 388,635 $ — $ — Time deposits 197,303 197,303 — — Derivative financial instruments 105,264 — 105,264 — Investment securities 228,406 208,874 19,532 — Other marketable securities 5,111 5,111 — — Financial liabilities: Derivative financial instruments 31,769 — 31,769 — Deferred compensation 295,226 — 295,226 — (a) There were no transfers among the levels within the fair value hierarchy during 2015 or 2014.
Impairment Charges	Impairment charges related to goodwill and intangible assets were recorded in VF’s 2015 and 2014 Consolidated Statements of Income and are summarized as follows: 2015 2014 Splendid ® and Ella Moss ® 7 For All Mankind ® Total Splendid ® and Ella Moss ® 7 For All Mankind ® Total In thousands Goodwill $ — $ — $ — $ 142,361 $ — $ 142,361 Trademarks 15,334 76,097 91,431 45,700 87,572 133,272 Customer relationships 11,678 40,453 52,131 64,178 56,551 120,729 Total $ 27,012 $ 116,550 $ 143,562 $ 252,239 $ 144,123 $ 396,362

Derivative Financial Instrume52

Derivative Financial Instruments and Hedging Activities (Tables)	12 Months Ended
	Jan. 02, 2016
Outstanding Derivatives on Individual Contract Basis	The following table presents outstanding derivatives on an individual contract basis: Fair Value of Derivatives Fair Value of Derivatives December December December December In thousands Foreign currency exchange contracts designated as hedging instruments $ 105,536 $ 104,860 $ (27,896 ) $ (31,711 ) Foreign currency exchange contracts not designated as hedging instruments 255 404 (136 ) (58 ) Total derivatives $ 105,791 $ 105,264 $ (28,032 ) $ (31,769 )
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. However, 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 as of December 2015 and December 2014 would be adjusted from the current gross presentation to the net amounts as detailed in the following table: December 2015 December 2014 Derivative Derivative Derivative Derivative In thousands Gross amounts presented in the Consolidated Balance Sheets $ 105,791 $ (28,032 ) $ 105,264 $ (31,769 ) Gross amounts not offset in the Consolidated Balance Sheets (22,213 ) 22,213 (30,724 ) 30,724 Net amounts $ 83,578 $ (5,819 ) $ 74,540 $ (1,045 )
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. However, 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 as of December 2015 and December 2014 would be adjusted from the current gross presentation to the net amounts as detailed in the following table: December 2015 December 2014 Derivative Derivative Derivative Derivative In thousands Gross amounts presented in the Consolidated Balance Sheets $ 105,791 $ (28,032 ) $ 105,264 $ (31,769 ) Gross amounts not offset in the Consolidated Balance Sheets (22,213 ) 22,213 (30,724 ) 30,724 Net amounts $ 83,578 $ (5,819 ) $ 74,540 $ (1,045 )
Derivatives Classified as Current or Noncurrent Based on Maturity Dates	Derivatives are classified as current or noncurrent based on maturity dates, as follows: December December In thousands Other current assets $ 92,796 $ 84,995 Accrued liabilities (Note I) (25,776 ) (26,968 ) Other assets (Note G) 12,995 20,269 Other liabilities (Note K) (2,256 ) (4,801 )
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: Cash Flow Hedging Relationships Gain (Loss) on Derivatives 2015 2014 2013 In thousands Foreign currency exchange $ 89,993 $ 88,387 $ (8,133 ) Gain (Loss) Reclassified Location of Gain (Loss) 2015 2014 2013 In thousands Net sales $ (68,543 ) $ (18,071 ) $ 12,917 Cost of goods sold 132,432 (8,756 ) 4,208 Selling, general and administrative expenses (1,885 ) — — Other income (expense), net 7,267 (1,189 ) (1,051 ) Interest expense (4,295 ) (4,095 ) (3,905 ) Total $ 64,976 $ (32,111 ) $ 12,169
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: Derivatives Not Location of Gain (Loss) on Gain (Loss) on Derivatives 2015 2014 2013 In thousands Foreign currency exchange Cost of goods sold $ (4,179 ) $ — $ — Foreign currency exchange Other income (expense), net 2,806 (707 ) (2,664 ) Total $ (1,373 ) $ (707 ) $ (2,664 )

Supplemental Cash Flow Inform53

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Jan. 02, 2016
Supplemental Cash Flow Information	2015 2014 2013 In thousands Income taxes paid, net of refunds $ 339,010 $ 370,202 $ 291,027 Interest paid, net of amounts capitalized 83,850 82,280 80,349 Noncash transactions: Property, plant and equipment expenditures included in accounts payable or accrued liabilities 9,445 9,529 25,586 Computer software costs included in accounts payable or accrued liabilities 4,394 27,555 14,654 Assets acquired under capital lease — — 4,882

Quarterly Results of Operatio54

Quarterly Results of Operations (Unaudited) (Tables)	12 Months Ended
	Jan. 02, 2016
Quarterly Results of Operations (Unaudited)	First Second Third Fourth Full In thousands, except per share amounts 2015 (a)(b) Total revenues $ 2,837,301 $ 2,513,860 $ 3,612,820 $ 3,412,763 $ 12,376,744 Operating income 397,835 223,027 642,928 397,206 1,660,996 Net income 288,709 170,811 459,864 312,209 1,231,593 Earnings per common share: (d) Basic $ 0.68 $ 0.40 $ 1.08 $ 0.73 $ 2.90 Diluted 0.67 0.40 1.07 0.72 2.85 Dividends per common share $ 0.32 $ 0.32 $ 0.32 $ 0.37 $ 1.33 2014 (a)(c) Total revenues $ 2,780,778 $ 2,402,076 $ 3,520,447 $ 3,578,860 $ 12,282,161 Operating income 403,190 219,808 633,082 181,644 1,437,724 Net income 297,193 157,682 470,529 122,101 1,047,505 Earnings per common share: (d) Basic $ 0.68 $ 0.37 $ 1.09 $ 0.28 $ 2.42 Diluted 0.67 0.36 1.08 0.28 2.38 Dividends per common share $ 0.2625 $ 0.2625 $ 0.2625 $ 0.3200 $ 1.1075 (a) The fourth quarter and full year 2015 consisted of 13 weeks and 52 weeks, respectively, compared with 14 weeks and 53 weeks in the respective 2014 periods. (b) Intangible asset impairment charges in the fourth quarter of 2015 reduced fourth quarter and full year operating results as follows: operating income — $143.6 million; net income — $97.1 million; and diluted earnings per share — $0.23. In addition, these intangible asset impairment charges reduced fourth quarter and full year 2015 basic earnings per share by $0.23 and $0.22, respectively. See Notes E, F and S. (c) Goodwill and intangible asset impairment charges in the fourth quarter of 2014 reduced fourth quarter and full year operating results as follows: operating income — $396.4 million; net income — $306.8 million; basic earnings per share — $0.71; and diluted earnings per share — $0.70. See Notes E, F and S. (d) Per share amounts are computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding and rounding.

Summary of Significant Policies

Summary of Significant Policies - Additional information (Detail) $ in Millions	12 Months Ended
	Jan. 02, 2016USD ($)Customer	Jan. 03, 2015USD ($)	Dec. 28, 2013USD ($)
Summary Of Significant Accounting Policies [Line Items]
Foreign currency transaction gains (losses), net of related hedging impact	$ (9)	$ 6.1	$ 9.1
Cash equivalents	535.1	585.9
Advertising expense	712.6	713.7	671.3
Cooperate advertising expense	61.9	62.6	58.6
Shipping and handling cost	348.1	309.9	298.5
Royalty expenses	$ 13	$ 13.2	$ 13.4
Number of largest customers | Customer	10
Sales Revenue, Net | Customer Concentration Risk
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	22.00%
Sales Revenue, Net | Customer Concentration Risk | Largest Customer
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	8.00%
Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of intangible assets	3 years
Minimum | Machinery and Equipment
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of assets	3 years
Minimum | Real Estate
Summary Of Significant Accounting Policies [Line Items]
Leases term	3 years
Minimum | Equipment
Summary Of Significant Accounting Policies [Line Items]
Leases term	2 years
Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of intangible assets	30 years
Maximum | Machinery and Equipment
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of assets	10 years
Maximum | Building
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of assets	40 years
Maximum | Real Estate
Summary Of Significant Accounting Policies [Line Items]
Leases term	15 years
Maximum | Equipment
Summary Of Significant Accounting Policies [Line Items]
Leases term	5 years

Impact of Adopting New Accounti

Impact of Adopting New Accounting Guidance on Classification of Debt Issuance Costs and Deferred Income Taxes (Detail) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Impact of Adopting New Accounting Guidance [Line Items]
Other assets	$ 587,221	$ 613,042
Accrued liabilities	789,250	897,426
Long-term debt	1,401,820	1,413,847
Other liabilities	$ 911,171	1,186,506
As Previously Reported
Impact of Adopting New Accounting Guidance [Line Items]
Deferred income taxes		154,285
Other assets		593,597
Accrued liabilities		903,602
Long-term debt		1,423,581
Other liabilities		1,305,436
Accounting Standards Update 2015-03 "Debt Issuance Cost" and 2015-17 "Income Taxes" | Reclassification of Debt Issuance Costs Increase/(Decrease) | Restatement Adjustment
Impact of Adopting New Accounting Guidance [Line Items]
Other assets		(9,734)
Long-term debt		(9,734)
Accounting Standards Update 2015-03 "Debt Issuance Cost" and 2015-17 "Income Taxes" | Reclassification of Deferred Income Taxes Increase/(Decrease) | Restatement Adjustment
Impact of Adopting New Accounting Guidance [Line Items]
Deferred income taxes		(154,285)
Other assets		29,179
Accrued liabilities		(6,176)
Other liabilities		$ (118,930)

Accounts Receivable (Detail)

Accounts Receivable (Detail) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	$ 1,343,477	$ 1,302,918
Less allowance for doubtful accounts	23,919	26,694
Accounts receivable, net	1,319,558	1,276,224
Trade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	1,265,758	1,223,627
Royalty and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	$ 77,719	$ 79,291

Sale of Accounts Receivable - A

Sale of Accounts Receivable - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013	Jan. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maximum amount of accounts receivable sold at any point in time	$ 237.5
Decrease in receivables related to balances sold	144.9	$ 130.3
Sale of accounts receivable	1,340.9	1,247.4
Funding fee	$ 1.9	$ 1.7	$ 1.8
Subsequent Event
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maximum amount of accounts receivable sold at any point in time				$ 367.5

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Inventory [Line Items]
Finished products	$ 1,352,572	$ 1,232,623
Work in process	102,557	104,517
Raw materials	156,865	145,664
Total inventories	$ 1,611,994	$ 1,482,804

Property Plant and Equipment (D

Property Plant and Equipment (Detail) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 2,412,102	$ 2,269,123
Less accumulated depreciation and amortization	1,423,943	1,326,942
Property, plant and equipment, net	988,159	942,181	$ 932,792
Land and Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	98,284	57,151
Buildings and Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	1,046,932	986,679
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 1,266,886	$ 1,225,293

Property Plant and Equipment -

Property Plant and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 2,412,102	$ 2,269,123
Accumulated depreciation	1,423,943	1,326,942
Mortgages
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	21,200
Accumulated depreciation	$ 3,800	$ 3,300

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015
Intangible Assets by Major Class [Line Items]
Amortizable intangible assets, net carrying amount	$ 246,030	$ 342,910
Indefinite-lived intangible assets: Trademarks and trade names	1,866,589	2,090,642
Intangible assets, net	$ 2,112,619	$ 2,433,552
Customer Relationships
Intangible Assets by Major Class [Line Items]
Amortizable intangible assets, weighted average amortization period (in years)	20 years	20 years
Amortizable intangible assets, amortization method	Accelerated	Accelerated
Amortizable intangible assets, cost	$ 275,385	$ 593,575
Amortizable intangible assets, accumulated amortization	119,338	351,764
Amortizable intangible assets, net carrying amount	$ 156,047	$ 241,811
Licensing Agreements
Intangible Assets by Major Class [Line Items]
Amortizable intangible assets, weighted average amortization period (in years)	24 years	24 years
Amortizable intangible assets, amortization method	Accelerated and straight-line	Accelerated and straight-line
Amortizable intangible assets, cost	$ 179,626	$ 182,873
Amortizable intangible assets, accumulated amortization	93,086	86,137
Amortizable intangible assets, net carrying amount	$ 86,540	$ 96,736
Other Intangible Assets
Intangible Assets by Major Class [Line Items]
Amortizable intangible assets, weighted average amortization period (in years)	11 years	9 years
Amortizable intangible assets, amortization method	Straight-line	Straight-line
Amortizable intangible assets, cost	$ 5,636	$ 12,138
Amortizable intangible assets, accumulated amortization	2,193	7,775
Amortizable intangible assets, net carrying amount	$ 3,443	$ 4,363

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($)	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Intangible Assets [Line Items]
Impairment of intangible assets			$ 0
Amortization of intangible assets	$ 28,600,000	$ 42,100,000	$ 45,800,000
Estimated amortization expense, 2016	24,200,000
Estimated amortization expense, 2017	22,900,000
Estimated amortization expense, 2018	22,300,000
Estimated amortization expense, 2019	21,600,000
Estimated amortization expense, 2020	20,600,000
Trademarks
Intangible Assets [Line Items]
Impairment of indefinite lived intangible assets	91,431,000	133,272,000
Customer Relationships
Intangible Assets [Line Items]
Impairment of finite lived intangibles assets	52,131,000	120,729,000
7 For All Mankind | Trademarks
Intangible Assets [Line Items]
Impairment of indefinite lived intangible assets	76,097,000	87,572,000
7 For All Mankind | Customer Relationships
Intangible Assets [Line Items]
Impairment of finite lived intangibles assets	40,453,000	56,551,000
Splendid And Ella Moss | Trademarks
Intangible Assets [Line Items]
Impairment of indefinite lived intangible assets	15,334,000	45,700,000
Splendid And Ella Moss | Customer Relationships
Intangible Assets [Line Items]
Impairment of finite lived intangibles assets	$ 11,678,000	$ 64,178,000

Changes in Goodwill (Detail)

Changes in Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Goodwill [Line Items]
Goodwill, beginning balance	$ 1,824,956	$ 2,021,750
Impairment charge	0	(142,361)	$ 0
Currency translation	(36,549)	(54,433)
Goodwill, ending balance	1,788,407	1,824,956	2,021,750
Outdoor & Action Sports
Goodwill [Line Items]
Goodwill, beginning balance	1,389,453	1,434,898
Currency translation	(29,978)	(45,445)
Goodwill, ending balance	1,359,475	1,389,453	1,434,898
Jeanswear
Goodwill [Line Items]
Goodwill, beginning balance	219,442	228,430
Currency translation	(6,571)	(8,988)
Goodwill, ending balance	212,871	219,442	228,430
Imagewear
Goodwill [Line Items]
Goodwill, beginning balance	58,747	58,747
Currency translation	0	0
Goodwill, ending balance	58,747	58,747	58,747
Sportswear
Goodwill [Line Items]
Goodwill, beginning balance	157,314	157,314
Currency translation	0	0
Goodwill, ending balance	157,314	157,314	157,314
Contemporary Brands
Goodwill [Line Items]
Goodwill, beginning balance	0	142,361
Impairment charge		(142,361)
Currency translation	0	0
Goodwill, ending balance	$ 0	$ 0	$ 142,361

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Goodwill [Line Items]
Goodwill impairment charges	$ 0	$ 142,361	$ 0
Contemporary Brands
Goodwill [Line Items]
Goodwill impairment charges		142,361
Cumulative impairment charges	337,500	337,500	195,200
Outdoor & Action Sports
Goodwill [Line Items]
Cumulative impairment charges	43,400	43,400	43,400
Sportswear
Goodwill [Line Items]
Cumulative impairment charges	$ 58,500	$ 58,500	$ 58,500

Other Assets (Detail)

Other Assets (Detail) - USD ($) $ in Thousands		Jan. 02, 2016	Jan. 03, 2015
Other Assets [Line Items]
Investments held for deferred compensation plans (Note L)		$ 205,283	$ 227,510
Other investments		10,706	15,666
Deferred income taxes (Note O)	[1]	39,246	49,431
Computer software, net of accumulated amortization of $99,124 in 2015 and $54,936 in 2014		177,642	170,269
Partnership stores and shop-in-shop costs, net of accumulated amortization of $96,819 in 2015 and $78,321 in 2014		45,514	44,581
Pension assets (Note L)		9,273	1,491
Deferred line of credit issuance costs		1,596	540
Derivative financial instruments (Note T)		12,995	20,269
Deposits		37,347	33,880
Other		47,619	49,405
Other assets		$ 587,221	$ 613,042
[1]	As discussed in Note A , we have presented all deferred tax assets and liabilities as noncurrent.

Other Assets (Parenthetical) (D

Other Assets (Parenthetical) (Detail) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Other Assets [Line Items]
Computer software, accumulated amortization	$ 99,124	$ 54,936
Partnership stores and shop-in-shop costs, accumulated amortization	$ 96,819	$ 78,321

Summary of Short-Term Borrowing

Summary of Short-Term Borrowings (Detail) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Short-term Borrowings [Line Items]
Commercial paper borrowings	$ 423,000
International borrowing arrangements	26,590	$ 21,822
Short-term borrowings	$ 449,590	$ 21,822

Short-term Borrowings - Additio

Short-term Borrowings - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Apr. 30, 2015	Jan. 02, 2016	Jan. 03, 2015
Credit Facility Short Term Borrowings [Line Items]
Restricted covenants		60.00%
Commercial Paper
Credit Facility Short Term Borrowings [Line Items]
Credit facility amount outstanding		$ 423	$ 0
Standby Letter of Credit
Credit Facility Short Term Borrowings [Line Items]
Letters of credit amount		$ 17.3
The Global Credit Facility
Credit Facility Short Term Borrowings [Line Items]
Credit facility amount outstanding	$ 1,750		$ 1,250
Credit facility expiration date	2020-04		2016-12
Letters of credit amount	$ 50
Credit facility fee	0.07%
Credit facility description		In April 2015, VF entered into a $1.75 billion senior unsecured revolving line of credit (the "Global Credit Facility") which supports the $1.75 billion U.S. commercial paper program described below.
Credit facility amount available for borrowing		$ 1,309.7
The Global Credit Facility | Commercial Paper
Credit Facility Short Term Borrowings [Line Items]
Credit facility amount outstanding	$ 1,750
Maximum borrowings under commercial paper program		1,750
The Global Credit Facility | LIBOR
Credit Facility Short Term Borrowings [Line Items]
Debt instrument basis spread on variable rate	0.805%
International Lending Agreements
Credit Facility Short Term Borrowings [Line Items]
Credit facility amount outstanding		26.6	$ 21.8
Maximum borrowings under commercial paper program		$ 110.1
Weighted average interest rate of international bank borrowings		6.00%	5.30%

Accrued Liabilities (Detail)

Accrued Liabilities (Detail) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Accrued Liabilities [Line Items]
Compensation	$ 172,901	$ 210,652
Deferred compensation (Note L)	29,491	31,773
Income taxes	59,779	98,860
Other taxes	123,161	141,613
Advertising	56,338	52,155
Customer discounts and allowances	36,013	34,209
Interest	16,918	16,443
Derivative financial instruments (Note T)	25,776	26,968
Insurance	16,669	15,332
Product warranty claims (Note K)	13,550	14,467	$ 14,787
Pension liabilities (Note L)	8,480	8,880
Freight, duties and postage	51,657	50,651
Other	178,517	195,423
Accrued liabilities	$ 789,250	$ 897,426

Long - Term Debt (Detail)

Long - Term Debt (Detail) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Debt Instrument [Line Items]
Other long-term debt	$ 9,928	$ 10,141
Capital leases	21,146	24,908
Total long-term debt	1,415,099	1,417,822
Less current portion	13,279	3,975
Long-term debt, due beyond one year	1,401,820	1,413,847
Total long-term debt	1,415,099	1,417,822
Notes Payable | 5.95% Notes, Due 2017
Debt Instrument [Line Items]
Total long-term debt	249,586	249,350
Notes Payable | 3.5% notes, due 2021
Debt Instrument [Line Items]
Total long-term debt	496,566	496,030
Notes Payable | 6.00% notes, due 2033
Debt Instrument [Line Items]
Total long-term debt	291,948	291,656
Notes Payable | 6.45% Notes, Due 2037
Debt Instrument [Line Items]
Total long-term debt	$ 345,925	$ 345,737

Long - Term Debt (Parenthetical

Long - Term Debt (Parenthetical) (Detail) - Notes Payable	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015
5.95% Notes, Due 2017
Debt Instrument [Line Items]
Notes, stated percentage	5.95%	5.95%
Maturity date, notes	2,017	2,017
3.5% notes, due 2021
Debt Instrument [Line Items]
Notes, stated percentage	3.50%	3.50%
Maturity date, notes	2,021	2,021
6.00% notes, due 2033
Debt Instrument [Line Items]
Notes, stated percentage	6.00%	6.00%
Maturity date, notes	2,033	2,033
6.45% Notes, Due 2037
Debt Instrument [Line Items]
Notes, stated percentage	6.45%	6.45%
Maturity date, notes	2,037	2,037

Long - Term Debt - Additional I

Long - Term Debt - Additional Information (Detail) - USD ($)	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015
Debt Instrument [Line Items]
Redemption price percentage	100.00%
Capital lease, expiration dates	2,021
Assets under capital lease	$ 42,700,000	$ 47,600,000
Accumulated amortization of assets under capital lease	$ 27,400,000	$ 28,700,000
Notes Payable | 6.00% notes, due 2033
Debt Instrument [Line Items]
Maturity date, notes	2,033	2,033
Cross - acceleration trigger, other note	$ 50,000,000
Long - term debt, face amount	$ 300,000,000
Effective annual interest rate	6.19%
Notes Payable | 5.95% Notes, Due 2017
Debt Instrument [Line Items]
Maturity date, notes	2,017	2,017
Cross - acceleration trigger, other note	$ 100,000,000
Repurchase obligation percentage	101.00%
Additional Basis point	0.20%
Long - term debt, face amount	$ 250,000,000
Notes Payable | 3.5% notes, due 2021
Debt Instrument [Line Items]
Maturity date, notes	2,021	2,021
Cross - acceleration trigger, other note	$ 100,000,000
Repurchase obligation percentage	101.00%
Redemption price percentage	100.00%
Additional Basis point	0.20%
Long - term debt, face amount	$ 500,000,000
Effective annual interest rate	4.69%
Notes Payable | 6.45% Notes, Due 2037
Debt Instrument [Line Items]
Maturity date, notes	2,037	2,037
Cross - acceleration trigger, other note	$ 100,000,000
Repurchase obligation percentage	101.00%
Additional Basis point	0.25%
Long - term debt, face amount	$ 350,000,000
Capital Lease Obligations
Debt Instrument [Line Items]
Effective annual interest rate	5.06%

Long - Term Debt and Future Min

Long - Term Debt and Future Minimum Lease Payments for Capital Leases (Detail) - USD ($) $ in Thousands		12 Months Ended
		Jan. 02, 2016	Jan. 03, 2015
Schedule of Longterm Debt Including Capital Lease Obligation [Line Items]
2016, notes and other		$ 9,928
2017, notes and other		250,000
2018, noted and other		0
2019, notes and other		0
2020, notes and other		0
Thereafter, notes and other		1,150,000
Total, notes and other		1,409,928
Less unamortized debt discount, notes and other		7,158
Less unamortized debt issuance costs	[1]	8,817
Less amounts representing interest, notes and other		0
Total long-term debt, notes and other		1,393,953
Total long-term debt, notes and other		1,393,953
Less current portion, notes and other		9,928
Long-term debt, due beyond one year, notes and other		1,384,025
2016, capital lease		4,346
2017, capital lease		4,504
2018, capital lease		4,504
2019, capital lease		4,504
2020, capital lease		4,504
Thereafter, capital lease		1,877
Total, capital leases		24,239
Less amounts representing interest, capital lease		3,093
Total long-term debt, capital lease		21,146	$ 24,908
Total long-term debt, capital lease		21,146	24,908
Less current portion, capital lease		3,351
Long-term debt, due beyond one year, capital lease		17,795
2016, total		14,274
2017, total		254,504
2018, total		4,504
2019, total		4,504
2020, total		4,504
Thereafter, total		1,151,877
Total		1,434,167
Less unamortized debt discount, total		7,158
Less unamortized debt issuance costs	[1]	8,817
Less amounts representing interest, total		3,093
Total long-term debt		1,415,099	1,417,822
Total long-term debt, total		1,415,099	1,417,822
Less current portion, total		13,279	3,975
Long-term debt, due beyond one year, total		$ 1,401,820	$ 1,413,847
[1]	As discussed in Note A, we have presented unamortized debt issuance costs as a reduction to long-term debt.

Other Liabilities (Detail)

Other Liabilities (Detail) - USD ($) $ in Thousands		Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Schedule of Other Liabilities [Line Items]
Deferred compensation (Note L)		$ 223,232	$ 263,453
Pension liabilities (Note L)		157,434	364,304
Income taxes		79,975	123,891
Deferred income taxes (Note O)	[1]	241,409	229,464
Deferred rent credits		95,875	90,939
Product warranty claims		49,564	47,821	$ 42,352
Derivative financial instruments (Note T)		2,256	4,801
Other		61,426	61,833
Other liabilities		$ 911,171	$ 1,186,506
[1]	As discussed in Note A , we have presented all deferred tax assets and liabilities as noncurrent.

Activities Relating to Accrued

Activities Relating to Accrued Product Warranty Claims (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Schedule Of Product Warranty Liability [Line Items]
Balance, beginning of year	$ 62,288	$ 57,139	$ 50,395
Accrual for products sold during the year	16,673	20,971	20,199
Repair or replacement costs incurred	(14,136)	(13,660)	(13,923)
Currency translation	(1,711)	(2,162)	468
Balance, end of year	63,114	62,288	57,139
Less current portion (Note I)	13,550	14,467	14,787
Long-term portion	$ 49,564	$ 47,821	$ 42,352

Retirement and Savings Benefi77

Retirement and Savings Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Defined Benefit Plan Disclosure [Line Items]
Percentage of U.S. plan	93.00%
Projected benefit obligation	92.00%
Settlement charges	$ (4,062)
Project benefit obligation amortized over five years minimum	20.00%
Number of years amortized	5 years
Projected benefit obligations amortized over the expected average remaining service of active participants minimum	10.00%
Projected benefit obligations amortized over the expected average remaining service of active participants maximum	20.00%
Plan assets or projected benefit obligations unamortized, maximum percentage	10.00%
Deferred actuarial losses to be amortized to pension expenses	$ (65,200)
Estimated amortization of prior service cost, next period	2,600
VF contributions	273,520	$ 67,808
Estimated future benefit payments, 2016	84,400
Estimated future benefit payments, 2017	89,800
Estimated future benefit payments, 2018	93,900
Estimated future benefit payments, 2019	98,300
Estimated future benefit payments, 2020	103,300
Estimated future benefit payments, 2021-2025	569,300
VF's current liability to participants of the deferred compensation plans	29,491	31,773
VF's liability to participants of the deferred compensation plans, expected to be paid beyond one year	223,232	263,453
Discretionary Contribution
Defined Benefit Plan Disclosure [Line Items]
VF contributions	250,000	50,000
Other Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
VF contribution, next fiscal year	15,300
Other Postretirement Benefit Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation plans expense	2,500	5,700	$ 5,400
Deferred compensation liability, current and noncurrent	252,700
VF's current liability to participants of the deferred compensation plans	29,491
VF's liability to participants of the deferred compensation plans, expected to be paid beyond one year	223,232
Fair value of investments	234,300
Expected to be liquidated to fund payments to participants recorded in other current assets	29,000
Expected to be liquidated to fund payments to participants recorded in other assets	205,300
Defined contribution plans expense	$ 47,000	$ 31,600	$ 22,000

Components of Pension Cost (Det

Components of Pension Cost (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the year	$ 29,223	$ 24,163	$ 25,445
Interest cost on projected benefit obligations	77,620	81,496	72,003
Expected return on plan assets	(111,095)	(90,674)	(94,585)
Settlement charges	4,062
Amortization of deferred amounts, Net deferred actuarial losses	61,966	37,518	85,356
Amortization of deferred amounts, Deferred prior service costs	3,038	5,445	1,270
Total pension expense	$ 64,814	$ 57,948	$ 89,489
Discount rate	3.93%	4.64%	3.91%
Expected long-term return on plan assets	6.05%	4.73%	5.70%
Rate of compensation increase	3.91%	3.53%	3.82%

Reconciliation of Changes in Fa

Reconciliation of Changes in Fair Value of Defined Benefit Plan Assets and Projected Benefit Obligations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Fair value of plan assets
Fair value of plan assets, beginning of year	$ 1,628,254	$ 1,467,526
Actual return on plan assets	(56,624)	189,824
VF contributions	273,520	67,808
Participant contributions	3,483	3,429
Benefits paid	(87,994)	(88,746)
Currency translation	(5,265)	(11,587)
Fair value of plan assets, end of year	1,755,374	1,628,254	$ 1,467,526
Projected benefit obligations
Projected benefit obligations, beginning of year	1,999,947	1,688,701
Service cost	29,223	24,163	25,445
Interest cost	77,620	81,496	72,003
Participant contributions	3,483	3,429
Actuarial (gain) loss	(101,387)	306,797
Benefits paid	(87,994)	(88,746)
Plan amendments	(1,510)	263
Currency translation	(7,367)	(16,156)
Projected benefit obligations, end of year	1,912,015	1,999,947	$ 1,688,701
Funded status, end of year	(156,641)	(371,693)
Amounts included in Consolidated Balance Sheets:
Noncurrent assets (Note G)	9,273	1,491
Current liabilities (Note I)	(8,480)	(8,880)
Noncurrent liabilities (Note K)	(157,434)	(364,304)
Funded status	(156,641)	(371,693)
Accumulated other comprehensive (income) loss, pretax:
Net deferred actuarial losses	586,828	588,847
Deferred prior service costs	17,459	21,950
Total accumulated other comprehensive (income) loss, pretax	604,287	610,797
Accumulated benefit obligations	$ 1,827,521	$ 1,916,070
Weighted average actuarial assumptions used to determine pension obligations:
Discount rate	4.29%	3.47%
Rate of compensation increase	3.90%	3.34%

Fair Value of Investment Held b

Fair Value of Investment Held by Pension Plan (Detail) - USD ($) $ in Thousands		Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets		$ 1,755,374	$ 1,628,254	$ 1,467,526
Fair Value
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets		53,218	47,902
Fair Value | Cash Equivalents
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets		2,790	3,220
Fair Value | US Treasury and Government
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets		11	16
Fair Value | Insurance Contracts
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets		50,856	46,059
Fair Value | Commodity Contract
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets		(439)	(1,393)
Fair Value | Quoted Prices In Active Markets For Identical Assets, Level 1
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets		2,351	1,827
Fair Value | Quoted Prices In Active Markets For Identical Assets, Level 1 | Cash Equivalents
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets		2,790	3,220
Fair Value | Quoted Prices In Active Markets For Identical Assets, Level 1 | Commodity Contract
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets		(439)	(1,393)
Fair Value | Significant Other Observable Inputs, Level 2
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets		50,867	46,075
Fair Value | Significant Other Observable Inputs, Level 2 | US Treasury and Government
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets		11	16
Fair Value | Significant Other Observable Inputs, Level 2 | Insurance Contracts
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets		50,856	46,059
Net Asset Value
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	[1]	1,702,156	1,580,352
Net Asset Value | Cash Equivalents
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	[1]	23,538	61,788
Net Asset Value | Corporate Government and Foreign Bonds
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	[1]	1,232,691	986,125
Net Asset Value | Alternative Investments
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	[1]	159,481	132,922
Net Asset Value | U.S. | Equity Securities
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	[1]	107,190	180,258
Net Asset Value | Foreign | Equity Securities
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	[1]	$ 179,256	$ 219,259
[1]	As discussed in Note A, investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have been removed from the total plan assets in the fair value hierarchy.

Capital and Accumulated Other81

Capital and Accumulated Other Comprehensive Income (Loss) - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Class of Stock [Line Items]
Common Stock, shares, purchased	10,000,000
Common Stock, value, purchased	$ 730.1
Treasury shares restored as unissued status	10,100,000	12,100,000	17,000,000
Treasury shares	0	0	0
Common Stock, stated value	$ 0.25	$ 0.25	$ 0.25
Common Stock held in trust for deferred compensation plans, shares	36,100
Common Stock held in trust for deferred compensation plan	$ 2.5

Shares Held for Deferred Compen

Shares Held for Deferred Compensation Plans (Detail) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Schedule of Deferred Compensation Plans [Line Items]
Shares held for deferred compensation plans	562,649	637,504	704,104
Cost of shares held for deferred compensation plans	$ 6,823	$ 7,724	$ 8,396

Deferred Components of OCI Repo

Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity (Detail) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation	$ (718,169)	$ (356,941)
Defined benefit pension plans	(372,195)	(377,134)
Derivative financial instruments	47,142	31,389
Marketable securities		414
Accumulated other comprehensive income (loss)	$ (1,043,222)	$ (702,272)	$ (211,720)

Changes in Accumulated OCI, Net

Changes in Accumulated OCI, Net of Related Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (702,272)	$ (211,720)
Other comprehensive income (loss) before reclassifications	(342,841)	(536,636)
Amounts reclassified from accumulated other comprehensive income (loss)	1,891	46,084
Net other comprehensive income (loss)	(340,950)	(490,552)	$ 242,175
Ending balance	(1,043,222)	(702,272)	(211,720)
Accumulated Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(356,941)	106,647
Other comprehensive income (loss) before reclassifications	(361,228)	(463,588)
Net other comprehensive income (loss)	(361,228)	(463,588)
Ending balance	(718,169)	(356,941)	106,647
Accumulated Defined Benefit Plans Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(377,134)	(277,451)
Other comprehensive income (loss) before reclassifications	(37,238)	(126,275)
Amounts reclassified from accumulated other comprehensive income (loss)	42,177	26,592
Net other comprehensive income (loss)	4,939	(99,683)
Ending balance	(372,195)	(377,134)	(277,451)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	31,389	(41,754)
Other comprehensive income (loss) before reclassifications	55,325	53,651
Amounts reclassified from accumulated other comprehensive income (loss)	(39,572)	19,492
Net other comprehensive income (loss)	15,753	73,143
Ending balance	47,142	31,389	(41,754)
Accumulated Net Unrealized Investment Gain (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	414	838
Other comprehensive income (loss) before reclassifications	300	(424)
Amounts reclassified from accumulated other comprehensive income (loss)	(714)
Net other comprehensive income (loss)	$ (414)	(424)
Ending balance		$ 414	$ 838

Reclassification Out of Accumul

Reclassification Out of Accumulated OCI (Detail) - USD ($) $ in Thousands		3 Months Ended																12 Months Ended
		Jan. 02, 2016	[1],[2]	Oct. 03, 2015	[1],[2]	Jul. 04, 2015	[1],[2]	Apr. 04, 2015	[1],[2]	Jan. 03, 2015	[2],[3]	Sep. 27, 2014	[2],[3]	Jun. 28, 2014	[2],[3]	Mar. 29, 2014	[2],[3]	Jan. 02, 2016		Jan. 03, 2015		Dec. 28, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales																		$ 12,250,678		$ 12,154,784		$ 11,302,350
Net deferred actuarial losses																		61,966		37,518		85,356
Cost of goods sold																		(6,393,800)		(6,288,190)		(5,931,469)
Deferred prior service costs																		3,038		5,445		1,270
Selling, general and administrative expenses																		(4,178,386)		(4,159,885)		(3,841,032)
Other income (expense), net																		1,655		(5,544)		(4,025)
Interest expense																		(89,414)		(86,725)		(84,773)
Income before income taxes																		1,580,389		1,352,366		1,562,490
Tax benefit (expense)																		(348,796)		(304,861)		(352,371)
Net income		$ 312,209		$ 459,864		$ 170,811		$ 288,709		$ 122,101		$ 470,529		$ 157,682		$ 297,193		1,231,593	[1],[2]	1,047,505	[2],[3]	$ 1,210,119
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income																		(1,891)		(46,084)
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Defined Benefit Plans Adjustment
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net deferred actuarial losses	[4]																	(61,966)		(37,518)
Deferred prior service costs	[4]																	(3,038)		(5,445)
Selling, general and administrative expenses																		(4,062)
Income before income taxes																		(69,066)		(42,963)
Tax benefit (expense)																		26,889		16,371
Net income																		(42,177)		(26,592)
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales																		(68,543)		(18,071)
Cost of goods sold																		132,432		(8,756)
Selling, general and administrative expenses																		(1,885)
Other income (expense), net																		7,267		(1,189)
Interest expense																		(4,295)		(4,095)
Income before income taxes																		64,976		(32,111)
Tax benefit (expense)																		(25,404)		12,619
Net income																		39,572		$ (19,492)
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Unrealized Investment Gain (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net																		1,177
Tax benefit (expense)																		(463)
Net income																		$ 714
[1]	Intangible asset impairment charges in the fourth quarter of 2015 reduced fourth quarter and full year operating results as follows: operating income - $143.6 million; net income - $97.1 million; and diluted earnings per share - $0.23. In addition, these intangible asset impairment charges reduced fourth quarter and full year 2015 basic earnings per share by $0.23 and $0.22, respectively. See Notes E, F and S.
[2]	The fourth quarter and full year 2015 consisted of 13 weeks and 52 weeks, respectively, compared with 14 weeks and 53 weeks in the respective 2014 periods.
[3]	Goodwill and intangible asset impairment charges in the fourth quarter of 2014 reduced fourth quarter and full year operating results as follows: operating income - $396.4 million; net income - $306.8 million; basic earnings per share - $0.71; and diluted earnings per share - $0.70. See Notes E, F and S.
[4]	These accumulated OCI components are included in the computation of net periodic pension cost (see Note L for additional details).

Total Stock-Based Compensation

Total Stock-Based Compensation Cost and Associated Income Tax Benefits Related to Stock-Based Compensation Arrangements Recognized and Stock-Based Compensation Costs Included in Inventory (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation cost	$ 73,420	$ 104,313	$ 87,118
Income tax benefits	28,090	41,725	32,059
Stock-based compensation costs included in inventory	$ 1,345	$ 797	$ 119

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost related to nonvested stock-based compensation	$ 46.7
Total unrecognized compensation cost related to nonvested stock-based compensation, period of recognition (years)	1 year
Shares available for future grant	42,927,147
Share based compensation vesting period	3 years
Award expiration period from grant date	10 years
Total fair value of stock option vested	$ 25.9	$ 22.6	$ 23.4
Total intrinsic value of stock options exercised	132.8	143.7	127.3
Market value of shares vested	14.1	$ 20.1	$ 9.7
Fair value of restricted stock	$ 37
Non employee Members of 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
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period	3 years
Award expiration period from grant date	3 years
Baseline profitability goal period	3 years
Percentage of targets award adjusted to actual number of shares earned	25.00%
Grant date fair value of each restricted units granted	$ 75.33	$ 56.86	$ 40.64
Performance period, years	3 years
Total market value of awards outstanding	$ 102.7
Share earned in period	1,067,426	1,290,354	1,457,159
Market value of shares vested	$ 61.9	$ 88.4	$ 85.8
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	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	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	$ 3.78	$ 1.41	$ 3.16
Nonperformance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period	4 years
Grant date fair value of each restricted units granted	$ 71.17	$ 58	$ 39.21
Total market value of awards outstanding	$ 17.1
Nonperformance-Based Restricted Stock Units | Non employee Members of Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award expiration period from grant date	1 year
Number of shares of common stock to be issued for each restricted stock unit granted	1
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of each restricted units granted	$ 71.09
Share earned in period	225,864
Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period	5 years

Schedule of Assumption Used and

Schedule of Assumption Used and Resulting Weighted Average Fair Value of Stock Option Granted (Detail) - $ / shares	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum	19.00%	23.00%	24.00%
Expected volatility, maximum	29.00%	29.00%	29.00%
Weighted average expected volatility	22.00%	26.00%	27.00%
Weighted average dividend yield	2.00%	2.10%	2.30%
Risk-free interest rate, minimum	0.70%	0.10%	0.10%
Risk-free interest rate, maximum	2.30%	2.70%	2.00%
Weighted average fair value at date of grant	$ 13.72	$ 12.01	$ 8.34
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	5 years 10 months 24 days	5 years 6 months	5 years 7 months 6 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	7 years 6 months	7 years 3 months 18 days	7 years 4 months 24 days

Stock Option Activity (Detail)

Stock Option Activity (Detail) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 02, 2016USD ($)$ / sharesshares
Shares
Number of shares, Outstanding, Beginning Balance | shares	15,135,028
Granted, Number of shares | shares	2,472,074
Exercised, Number of shares | shares	(2,703,881)
Forfeited/cancelled, Number of shares | shares	(187,811)
Number of shares, Outstanding, Ending Balance | shares	14,715,410
Exercisable, Number of shares | shares	9,621,016
Weighted average exercise price
Outstanding, Beginning balance | $ / shares	$ 33.42
Granted | $ / shares	75.33
Exercised | $ / shares	24.60
Forfeited/cancelled | $ / shares	60.91
Outstanding, Ending balance | $ / shares	41.73
Exercisable, Ending balance | $ / shares	$ 30.89
Options outstanding, remaining contractual term	6 years 6 months
Options exercisable, remaining contractual term	5 years 4 months 24 days
Options outstanding, intrinsic value | $	$ 333,241
Options exercisable, intrinsic value | $	$ 301,757

RSU Activity (Detail)

RSU Activity (Detail) - $ / shares	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested shares, Beginning balance	1,940,661
Granted	456,009
Issued as Common Stock	(701,739)
Forfeited/cancelled	(45,301)
Nonvested shares, Ending balance	1,649,630	1,940,661
Vested	665,290
Nonvested shares, Beginning balance	$ 43.73
Granted	75.33	$ 56.86	$ 40.64
Issued as Common Stock	36.41
Forfeited/cancelled	58.22
Nonvested shares, Ending balance	55.18	$ 43.73
Vested	$ 54.19
Nonperformance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested shares, Beginning balance	386,595
Granted	81,856
Issued as Common Stock	(183,595)
Forfeited/cancelled	(10,000)
Nonvested shares, Ending balance	274,856	386,595
Vested	11,556
Nonvested shares, Beginning balance	$ 34.86
Granted	71.17	$ 58	$ 39.21
Issued as Common Stock	28.86
Forfeited/cancelled	36.12
Nonvested shares, Ending balance	49.64	$ 34.86
Vested	$ 75.35

Restricted Stock Activity (Deta

Restricted Stock Activity (Detail) - Restricted Stock	12 Months Ended
	Jan. 02, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested shares, Beginning balance | shares	704,490
Granted | shares	111,500
Dividend equivalents | shares	13,139
Vested | shares	(225,864)
Forfeited | shares	(8,628)
Nonvested shares, Ending balance | shares	594,637
Nonvested shares, Beginning balance | $ / shares	$ 40.62
Granted | $ / shares	71.09
Dividend equivalents | $ / shares	69.30
Vested | $ / shares	29.77
Forfeited | $ / shares	65.28
Nonvested shares, Ending balance | $ / shares	$ 50.73

Provision for Income Taxes, Inc

Provision for Income Taxes, Income Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Provision For Income Taxes [Line Items]
Domestic	$ 745,061	$ 460,561	$ 735,177
Foreign	835,328	891,805	827,313
Income before income taxes	$ 1,580,389	$ 1,352,366	$ 1,562,490

Provision for Income Taxes (Det

Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Provision For Income Taxes [Line Items]
Federal	$ 194,851	$ 205,618	$ 238,816
Foreign	112,885	138,634	103,752
State	33,972	38,673	22,173
Current Income Tax Expense (Benefit), Total	341,708	382,925	364,741
Federal and state	401	(78,362)	(15,265)
Foreign	6,687	298	2,895
Income taxes	$ 348,796	$ 304,861	$ 352,371

Differences Between Income Taxe

Differences Between Income Taxes Computed by Applying Statutory Federal Income Tax Rate and Income Tax Expense reported In Consolidated Financial Statements (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Investments, Owned, Federal Income Tax Note [Line Items]
Tax at federal statutory rate	$ 553,136	$ 473,328	$ 546,872
State income taxes, net of federal tax benefit	16,451	25,594	19,653
Foreign rate differences	(212,287)	(230,190)	(187,513)
Goodwill impairment		49,840
Change in valuation allowances			(3,422)
Tax credits	(8,775)	(9,033)	(17,236)
Other	271	(4,678)	(5,983)
Income taxes	$ 348,796	$ 304,861	$ 352,371

Income Taxes - Additional infor

Income Taxes - Additional information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Income Taxes [Line Items]
Foreign rate differences	$ 28,400	$ 11,200	$ 6,900
Foreign jurisdiction income tax reduction		$ 14,900	$ 10,400
Income tax reduction per diluted share		$ 0.03	$ 0.02
Undistributed earnings of international subsidiaries	3,657,200
Potential tax benefits for federal capital loss carryforwards, foreign operations	106,000
Portion of foreign operating loss carry forwards with unlimited carry forward life	103,300
Federal operating loss carry forwards	3,000
State operating loss carry forwards	30,600
Net increase in valuation allowance related to foreign carryforwards and other deferred tax asset	1,000
Net increase in valuation allowance related to state operating loss and carryforwards	3,100
Net unrecognized tax benefits including interest and penalties if recognized, would reduce the annual effective tax rate	73,073	$ 107,533
Possible decrease in unrecognized income tax benefits	(38,400)
Reduction in income tax expenses	(33,400)
Other Foreign
Income Taxes [Line Items]
Foreign jurisdiction income tax reduction	$ 3,200	$ 6,000	$ 3,300
Income tax reduction per diluted share	$ 0.01	$ 0.01	$ 0.01
Operating loss carry forwards valuation allowance	$ 5,600
Federal
Income Taxes [Line Items]
Operating loss carry forwards expiration dates range minimum	2,017
Operating loss carry forwards expiration dates range maximum	2,026
State
Income Taxes [Line Items]
Operating loss carry forwards expiration dates range minimum	2,016
Operating loss carry forwards expiration dates range maximum	2,031
Operating loss carry forwards valuation allowance	$ 12,400
Foreign
Income Taxes [Line Items]
Operating loss carry forwards valuation allowance	$ 83,000

Deferred Income Tax Assets and

Deferred Income Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands		Jan. 02, 2016	Jan. 03, 2015
Schedule of Deferred Tax Assets and Liabilities [Line Items]
Inventories		$ 38,897	$ 34,430
Employee compensation and benefits		252,307	257,187
Other accrued expenses		154,337	186,390
Operating loss carryforwards		139,634	115,259
Gross deferred income tax assets		585,175	593,266
Valuation allowances		(100,951)	(96,802)
Net deferred income tax assets		484,224	496,464
Depreciation		27,756	624
Intangible assets		591,615	652,950
Other deferred tax liabilities		67,016	22,923
Deferred income tax liabilities		686,387	676,497
Net deferred income tax assets (liabilities)		(202,163)	(180,033)
Amounts included in the Consolidated Balance Sheets:
Noncurrent assets (Note G)	[1]	39,246	49,431
Noncurrent liabilities (Note K)	[1]	(241,409)	(229,464)
Net deferred income tax assets (liabilities)		$ (202,163)	$ (180,033)
[1]	As discussed in Note A , we have presented all deferred tax assets and liabilities as noncurrent.

Reconciliation of Change in Acc

Reconciliation of Change in Accrual for Unrecognized Income Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Reconciliation Of Income Taxes [Line Items]
Beginning Balance	$ 130,823	$ 135,988	$ 152,115
Additions for current year tax positions	13,470	12,850	11,921
Additions for prior year tax positions	7,584	10,285	15,535
Reductions for prior year tax positions	(38,782)	(15,678)	(10,651)
Reductions due to statute expirations	(14,308)	(9,806)	(7,153)
Payments in settlement	(13,502)	(2,399)	(25,640)
Currency translation - decrease	(239)	(417)	(139)
Ending Balance	85,046	130,823	135,988
Unrecognized Income Tax Benefits
Reconciliation Of Income Taxes [Line Items]
Beginning Balance	113,604	118,514	135,294
Additions for current year tax positions	13,470	12,850	11,921
Additions for prior year tax positions	4,396	5,252	10,908
Reductions for prior year tax positions	(32,432)	(12,898)	(8,521)
Reductions due to statute expirations	(11,780)	(9,159)	(6,527)
Payments in settlement	(11,437)	(657)	(24,422)
Currency translation - decrease	(144)	(298)	(139)
Ending Balance	75,677	113,604	118,514
Accrued Interest and Penalties
Reconciliation Of Income Taxes [Line Items]
Beginning Balance	17,219	17,474	16,821
Additions for prior year tax positions	3,188	5,033	4,627
Reductions for prior year tax positions	(6,350)	(2,780)	(2,130)
Reductions due to statute expirations	(2,528)	(647)	(626)
Payments in settlement	(2,065)	(1,742)	(1,218)
Currency translation - decrease	(95)	(119)
Ending Balance	$ 9,369	$ 17,219	$ 17,474

Amounts Included in Consolidate

Amounts Included in Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013	Dec. 29, 2012
Schedule Of Condensed Consolidating Balance Sheets [Line Items]
Unrecognized income tax benefits, including interest and penalties	$ 85,046	$ 130,823	$ 135,988	$ 152,115
Less deferred tax benefits	11,973	23,290
Total unrecognized tax benefits	$ 73,073	$ 107,533

Financial Information for Repor

Financial Information for Reportable Segments (Detail) - USD ($) $ in Thousands		3 Months Ended																12 Months Ended
		Jan. 02, 2016	[1],[2]	Oct. 03, 2015	[1],[2]	Jul. 04, 2015	[1],[2]	Apr. 04, 2015	[1],[2]	Jan. 03, 2015	[2],[3]	Sep. 27, 2014	[2],[3]	Jun. 28, 2014	[2],[3]	Mar. 29, 2014	[2],[3]	Jan. 02, 2016		Jan. 03, 2015		Dec. 28, 2013
Segment Reporting Information [Line Items]
Revenues		$ 3,412,763		$ 3,612,820		$ 2,513,860		$ 2,837,301		$ 3,578,860		$ 3,520,447		$ 2,402,076		$ 2,780,778		$ 12,376,744	[1],[2]	$ 12,282,161	[2],[3]	$ 11,419,648
Operating income		$ 397,206		$ 642,928		$ 223,027		$ 397,835		$ 181,644		$ 633,082		$ 219,808		$ 403,190		1,660,996	[1],[2]	1,437,724	[2],[3]	1,647,147
Impairment of goodwill and intangible assets	[4]																	(143,562)		(396,362)
Corporate and other expenses																		(253,753)		(275,537)		(286,767)
Interest expense, net																		(82,262)		(79,814)		(80,632)
Income before income taxes																		1,580,389		1,352,366		1,562,490
Operating Segments
Segment Reporting Information [Line Items]
Operating income																		2,059,966		2,104,079		1,929,889
Operating Segments | Outdoor & Action Sports
Segment Reporting Information [Line Items]
Revenues																		7,400,446		7,198,994		6,379,167
Operating income	[5]																	1,266,763		1,312,963		1,106,384
Operating Segments | Jeanswear
Segment Reporting Information [Line Items]
Revenues																		2,792,244		2,801,754		2,810,994
Operating income																		535,385		527,972		544,882
Operating Segments | Imagewear
Segment Reporting Information [Line Items]
Revenues																		1,082,565		1,104,038		1,065,952
Operating income																		157,959		164,352		152,203
Operating Segments | Sportswear
Segment Reporting Information [Line Items]
Revenues																		635,056		650,203		624,693
Operating income																		78,879		77,972		88,157
Operating Segments | Contemporary Brands
Segment Reporting Information [Line Items]
Revenues																		344,089		400,431		415,053
Operating income																		5,845		23,420		38,825
Operating Segments | Other Segments
Segment Reporting Information [Line Items]
Revenues																		122,344		126,741		123,789
Operating income	[6]																	$ 15,135		$ (2,600)		$ (562)
[1]	Intangible asset impairment charges in the fourth quarter of 2015 reduced fourth quarter and full year operating results as follows: operating income - $143.6 million; net income - $97.1 million; and diluted earnings per share - $0.23. In addition, these intangible asset impairment charges reduced fourth quarter and full year 2015 basic earnings per share by $0.23 and $0.22, respectively. See Notes E, F and S.
[2]	The fourth quarter and full year 2015 consisted of 13 weeks and 52 weeks, respectively, compared with 14 weeks and 53 weeks in the respective 2014 periods.
[3]	Goodwill and intangible asset impairment charges in the fourth quarter of 2014 reduced fourth quarter and full year operating results as follows: operating income - $396.4 million; net income - $306.8 million; basic earnings per share - $0.71; and diluted earnings per share - $0.70. See Notes E, F and S.
[4]	Reflects impairment charges in 2015 and 2014 related to the Contemporary Brands coalition. See Notes E, F and S for additional information.
[5]	Includes Timberland acquisition-related expenses of $10.7 million in 2013.
[6]	Includes a $16.6 million gain recognized on the sale of a VF Outlet® location in 2015.

Financial Information for Re100

Financial Information for Reportable Segments (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Jan. 02, 2016	Dec. 28, 2013
Segment Reporting Information [Line Items]
Payment of acquisition related expenses		$ 10.7
Gain on sale of business	$ 16.6

Reconciliation Assets (Detail)

Reconciliation Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013	Dec. 29, 2012
Selected Financial Information [Line Items]
Assets	$ 9,639,542	$ 9,845,300	$ 10,169,279
Cash and equivalents	945,605	971,895	776,403	$ 597,461
Capital expenditures	254,501	234,077	271,153
Depreciation and Amortization expense	272,075	274,883	253,273
Operating Segments
Selected Financial Information [Line Items]
Assets	4,103,146	3,848,746	3,828,588
Operating Segments | Outdoor & Action Sports
Selected Financial Information [Line Items]
Assets	2,436,788	2,211,232	2,133,447
Capital expenditures	166,267	111,020	139,428
Depreciation and Amortization expense	129,986	131,166	122,385
Operating Segments | Jeanswear
Selected Financial Information [Line Items]
Assets	951,411	904,933	943,011
Capital expenditures	31,844	31,586	49,763
Depreciation and Amortization expense	41,823	43,189	41,742
Operating Segments | Imagewear
Selected Financial Information [Line Items]
Assets	366,062	349,254	334,864
Capital expenditures	6,959	6,356	3,793
Depreciation and Amortization expense	11,608	11,602	11,481
Operating Segments | Sportswear
Selected Financial Information [Line Items]
Assets	140,458	147,091	156,107
Capital expenditures	8,771	22,814	6,074
Depreciation and Amortization expense	15,358	14,334	12,195
Operating Segments | Contemporary Brands
Selected Financial Information [Line Items]
Assets	145,265	172,687	187,116
Capital expenditures	5,663	10,308	13,679
Depreciation and Amortization expense	17,673	24,006	24,309
Operating Segments | Other Segments
Selected Financial Information [Line Items]
Assets	63,162	63,549	74,043
Capital expenditures	2,679	2,489	3,953
Depreciation and Amortization expense	4,510	5,231	4,608
Segment Reconciling Items
Selected Financial Information [Line Items]
Cash and equivalents	945,605	971,895	776,403
Intangible assets and goodwill	3,901,026	4,258,508	4,981,951
Deferred income taxes	39,246	49,431	50,332
Corporate
Selected Financial Information [Line Items]
Corporate assets	650,519	716,720	532,005
Capital expenditures	32,318	49,504	54,463
Depreciation and Amortization expense	$ 51,117	$ 45,355	$ 36,553

Supplemental Information (with

Supplemental Information (with Revenues by Geographic Area Based on Location of Customer) (Detail) - USD ($) $ in Thousands	3 Months Ended																12 Months Ended
	Jan. 02, 2016		Oct. 03, 2015	[1],[2]	Jul. 04, 2015	[1],[2]	Apr. 04, 2015	[1],[2]	Jan. 03, 2015		Sep. 27, 2014	[2],[3]	Jun. 28, 2014	[2],[3]	Mar. 29, 2014	[2],[3]	Jan. 02, 2016		Jan. 03, 2015		Dec. 28, 2013
Supplementary Information [Line Items]
Revenues	$ 3,412,763	[1],[2]	$ 3,612,820		$ 2,513,860		$ 2,837,301		$ 3,578,860	[2],[3]	$ 3,520,447		$ 2,402,076		$ 2,780,778		$ 12,376,744	[1],[2]	$ 12,282,161	[2],[3]	$ 11,419,648
Property, plant and equipment	988,159								942,181								988,159		942,181		932,792
U.S.
Supplementary Information [Line Items]
Revenues																	7,883,758		7,574,546		7,124,781
Property, plant and equipment	631,937								577,669								631,937		577,669		549,420
Foreign, Primarily Europe
Supplementary Information [Line Items]
Revenues																	4,492,986		4,707,615		4,294,867
Property, plant and equipment	$ 356,222								$ 364,512								$ 356,222		$ 364,512		$ 383,372
[1]	Intangible asset impairment charges in the fourth quarter of 2015 reduced fourth quarter and full year operating results as follows: operating income - $143.6 million; net income - $97.1 million; and diluted earnings per share - $0.23. In addition, these intangible asset impairment charges reduced fourth quarter and full year 2015 basic earnings per share by $0.23 and $0.22, respectively. See Notes E, F and S.
[2]	The fourth quarter and full year 2015 consisted of 13 weeks and 52 weeks, respectively, compared with 14 weeks and 53 weeks in the respective 2014 periods.
[3]	Goodwill and intangible asset impairment charges in the fourth quarter of 2014 reduced fourth quarter and full year operating results as follows: operating income - $396.4 million; net income - $306.8 million; basic earnings per share - $0.71; and diluted earnings per share - $0.70. See Notes E, F and S.

Business Segment Information -

Business Segment Information - Additional Information (Detail) - Customer	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Segment Reporting Information [Line Items]
Customer accounted for 10% of total revenue	0	0	0

Rent Expense Included in Consol

Rent Expense Included in Consolidated Statements of Income Statement (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Lease and Rental Expense [Line Items]
Minimum rent expense	$ 347,591	$ 335,771	$ 294,056
Contingent rent expense	26,192	23,335	14,175
Rent expense	$ 373,783	$ 359,106	$ 308,231

Commitments - Additional Inform

Commitments - Additional Information (Detail)	12 Months Ended
	Jan. 02, 2016USD ($)
Commitments [Line Items]
Future minimum lease payments 2016	$ 362,500,000
Future minimum lease payments 2017	306,000,000
Future minimum lease payments 2018	251,300,000
Future minimum lease payments 2019	192,200,000
Future minimum lease payments 2020	171,100,000
Future minimum lease payments thereafter	331,900,000
Income related to noncancelable subleases	2,000,000
Future minimum royalty payments 2016	57,500,000
Future minimum royalty payments 2017	89,000,000
Future minimum royalty payments 2018	109,400,000
Future minimum royalty payments 2019	94,700,000
Future minimum royalty payments 2020	49,800,000
Future minimum royalty payments thereafter	52,000,000
Total payments for purchase commitments 2016	1,700,000,000
Future payments under purchase commitments 2016	100,200,000
Future payments under purchase commitments 2017	4,300,000
Future payments under purchase commitments 2018	500,000
Future payments under purchase commitments 2019	200,000
Future payments under purchase commitments 2020	200,000
Future payments under purchase commitments thereafter	300,000
Surety bonds, standby letters of credit and international bank guarantees	$ 115,900,000
Minimum
Commitments [Line Items]
Service period of purchase commitments	2 months
Maximum
Commitments [Line Items]
Service period of purchase commitments	6 months

Earnings Per Share (Detail)

Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended																12 Months Ended
	Jan. 02, 2016	[1],[2]	Oct. 03, 2015	[1],[2]	Jul. 04, 2015	[1],[2]	Apr. 04, 2015	[1],[2]	Jan. 03, 2015	[2],[3]	Sep. 27, 2014	[2],[3]	Jun. 28, 2014	[2],[3]	Mar. 29, 2014	[2],[3]	Jan. 02, 2016		Jan. 03, 2015		Dec. 28, 2013
Earnings per share - basic:
Net income	$ 312,209		$ 459,864		$ 170,811		$ 288,709		$ 122,101		$ 470,529		$ 157,682		$ 297,193		$ 1,231,593	[1],[2]	$ 1,047,505	[2],[3]	$ 1,210,119
Weighted average common shares outstanding																	425,408		432,611		438,657
Earnings per share	$ 0.73	[4]	$ 1.08	[4]	$ 0.40	[4]	$ 0.68	[4]	$ 0.28	[4]	$ 1.09	[4]	$ 0.37	[4]	$ 0.68	[4]	$ 2.90	[1],[2],[4]	$ 2.42	[2],[3],[4]	$ 2.76
Earnings per share - diluted:
Net income	$ 312,209		$ 459,864		$ 170,811		$ 288,709		$ 122,101		$ 470,529		$ 157,682		$ 297,193		$ 1,231,593	[1],[2]	$ 1,047,505	[2],[3]	$ 1,210,119
Weighted average common shares outstanding																	425,408		432,611		438,657
Incremental shares from stock options and other dilutive securities																	6,671		7,542		8,152
Adjusted weighted average common shares outstanding																	432,079		440,153		446,809
Earnings per share	$ 0.72	[4]	$ 1.07	[4]	$ 0.40	[4]	$ 0.67	[4]	$ 0.28	[4]	$ 1.08	[4]	$ 0.36	[4]	$ 0.67	[4]	$ 2.85	[1],[2],[4]	$ 2.38	[2],[3],[4]	$ 2.71
[1]	Intangible asset impairment charges in the fourth quarter of 2015 reduced fourth quarter and full year operating results as follows: operating income - $143.6 million; net income - $97.1 million; and diluted earnings per share - $0.23. In addition, these intangible asset impairment charges reduced fourth quarter and full year 2015 basic earnings per share by $0.23 and $0.22, respectively. See Notes E, F and S.
[2]	The fourth quarter and full year 2015 consisted of 13 weeks and 52 weeks, respectively, compared with 14 weeks and 53 weeks in the respective 2014 periods.
[3]	Goodwill and intangible asset impairment charges in the fourth quarter of 2014 reduced fourth quarter and full year operating results as follows: operating income - $396.4 million; net income - $306.8 million; basic earnings per share - $0.71; and diluted earnings per share - $0.70. See Notes E, F and S.
[4]	Per share amounts are computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding and rounding.

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares shares in Millions	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options excluded from computation of earnings per share	2.4	1.4	0.9
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	0.9	1.1	1.3

Classes of Financial Assets and

Classes of Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands		Jan. 02, 2016	Jan. 03, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents, money market funds		$ 495,264	$ 388,635
Cash equivalents, time deposits		39,813	197,303
Derivative financial instruments		105,791	105,264
Investment securities		203,797	228,406
Other marketable securities			5,111
Derivative financial instruments		28,032	31,769
Deferred compensation		252,723	295,226
Quoted Prices In Active Markets For Identical Assets, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents, money market funds	[1]	495,264	388,635
Cash equivalents, time deposits	[1]	39,813	197,303
Investment securities	[1]	190,792	208,874
Other marketable securities	[1]		5,111
Significant Other Observable Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments	[1]	105,791	105,264
Investment securities	[1]	13,005	19,532
Derivative financial instruments	[1]	28,032	31,769
Deferred compensation	[1]	$ 252,723	$ 295,226
[1]	There were no transfers among the levels within the fair value hierarchy during 2015 or 2014.

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Jul. 04, 2015	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Fair Value, Measurement Inputs, Disclosure [Line Items]
Cash proceeds from available-for-sale securities	$ 5,900,000
Long-term debt, carrying values		$ 1,415,099,000	$ 1,417,822,000
Long-term debt, fair values		1,592,400,000	1,684,100,000
Impairment charges for property, plant and equipment		0	0	$ 0
Impairment charges of goodwill		0	$ 142,361,000	0
Impairment charges of intangible assets excluding goodwill				$ 0
Other income (expense), net
Fair Value, Measurement Inputs, Disclosure [Line Items]
Gain recognized from sale of available-for-sale securities		$ 1,500,000

Impairment Charges (Detail)

Impairment Charges (Detail) - USD ($) $ in Thousands		12 Months Ended
		Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Asset Impairment Charges [Line Items]
Goodwill		$ 0	$ 142,361	$ 0
Total	[1]	143,562	396,362
Trademarks
Asset Impairment Charges [Line Items]
Trademarks		91,431	133,272
Customer Relationships
Asset Impairment Charges [Line Items]
Customer relationships		52,131	120,729
Splendid And Ella Moss
Asset Impairment Charges [Line Items]
Goodwill			142,361
Total		27,012	252,239
Splendid And Ella Moss | Trademarks
Asset Impairment Charges [Line Items]
Trademarks		15,334	45,700
Splendid And Ella Moss | Customer Relationships
Asset Impairment Charges [Line Items]
Customer relationships		11,678	64,178
7 For All Mankind
Asset Impairment Charges [Line Items]
Total		116,550	144,123
7 For All Mankind | Trademarks
Asset Impairment Charges [Line Items]
Trademarks		76,097	87,572
7 For All Mankind | Customer Relationships
Asset Impairment Charges [Line Items]
Customer relationships		$ 40,453	$ 56,551
[1]	Reflects impairment charges in 2015 and 2014 related to the Contemporary Brands coalition. See Notes E, F and S for additional information.

Derivative Financial Instrum111

Derivative Financial Instruments and Hedging Activities - Additional Information (Detail) - USD ($)	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Higher derivative maturity range by months	24 months
Net impact of derivatives designated as hedging instruments in other income (expense), net			$ 1,500,000
Net pretax deferred gains for foreign currency exchange contracts that are expected to be reclassified to earnings during next 12 months	$ 88,600,000
Remaining pretax deferred net loss in Accumulated OCI	(27,200,000)
Net deferred loss in accumulated OCI reclassified to earnings	4,300,000	$ 4,100,000	$ 3,900,000
Net deferred loss in accumulated OCI expected to be reclassified to earnings over remainder of year	4,500,000
Foreign Currency Exchange Contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount of foreign currency derivatives	$ 2,400,000,000	$ 1,900,000,000
Interest Rate Swap Derivative Contracts In 2011
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Maturity date, notes	2,021
Interest Rate Swap Derivative Contracts In 2003
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Maturity date, notes	2,033

Outstanding Derivatives on Indi

Outstanding Derivatives on Individual Contract Basis at Gross Amounts (Detail) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value of derivatives with unrealized gains	$ 105,791	$ 105,264
Fair value of derivatives with unrealized losses	(28,032)	(31,769)
Foreign exchange contracts designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value of derivatives with unrealized gains	105,536	104,860
Fair value of derivatives with unrealized losses	(27,896)	(31,711)
Foreign exchange contracts not designated as hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value of derivatives with unrealized gains	255	404
Fair value of derivatives with unrealized losses	$ (136)	$ (58)

Fair Value of Derivative Assets

Fair Value of Derivative Assets and Liabilities in Balance Sheet (Detail) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Offsetting Assets [Line Items]
Gross amounts presented in the Consolidated Balance Sheets, Derivative Asset	$ 105,791	$ 105,264
Gross amounts not offset in the Consolidated Balance Sheets, Derivative Asset	(22,213)	(30,724)
Net amounts	83,578	74,540
Gross amounts presented in the Consolidated Balance Sheets, Derivative Liabilities	(28,032)	(31,769)
Gross amounts not offset in the Consolidated Balance Sheets, Derivative Liabilities	22,213	30,724
Net amounts	$ (5,819)	$ (1,045)

Derivatives Classified as Curre

Derivatives Classified as Current or Noncurrent Based on Maturity Dates (Detail) - USD ($) $ in Thousands	Jan. 02, 2016	Jan. 03, 2015
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Other current assets	$ 92,796	$ 84,995
Accrued liabilities	(25,776)	(26,968)
Other assets	12,995	20,269
Other liabilities	$ (2,256)	$ (4,801)

Effects of Cash Flow Hedging in

Effects of Cash Flow Hedging included in Consolidated Statements of Income and Consolidated Statements of Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	$ 64,976	$ (32,111)	$ 12,169
Foreign Currency Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in OCI	89,993	88,387	(8,133)
Foreign Currency Exchange Contract | Net sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	(68,543)	(18,071)	12,917
Foreign Currency Exchange Contract | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	132,432	(8,756)	4,208
Foreign Currency Exchange Contract | Selling, General and Administrative Expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	(1,885)
Foreign Currency Exchange Contract | Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	7,267	(1,189)	(1,051)
Interest Rate Contract | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	$ (4,295)	$ (4,095)	$ (3,905)

Hedges Included in Consolidated

Hedges Included in Consolidated Statements of Income (Detail) - Foreign exchange contracts not designated as hedging - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in Income	$ (1,373)	$ (707)	$ (2,664)
Cost of goods sold | Foreign Currency Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in Income	(4,179)
Other income (expense), net | Foreign Currency Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in Income	$ 2,806	$ (707)	$ (2,664)

Supplemental Cash Flow Infor117

Supplemental Cash Flow Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Schedule of Cash Flow, Supplemental [Line Items]
Income taxes paid, net of refunds	$ 339,010	$ 370,202	$ 291,027
Interest paid, net of amounts capitalized	83,850	82,280	80,349
Assets acquired under capital lease			4,882
Computer Software
Schedule of Cash Flow, Supplemental [Line Items]
Expenditures included in accounts payable or accrued liabilities	4,394	27,555	14,654
Property, Plant and Equipment
Schedule of Cash Flow, Supplemental [Line Items]
Expenditures included in accounts payable or accrued liabilities	$ 9,445	$ 9,529	$ 25,586

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - $ / shares	Feb. 16, 2016	Jan. 02, 2016
Subsequent Event [Line Items]
Options granted in period		2,472,074
Performance-Based Restricted Stock Units
Subsequent Event [Line Items]
Restricted stock units granted in period		456,009
Nonperformance-Based Restricted Stock Units
Subsequent Event [Line Items]
Restricted stock units granted in period		81,856
Restricted Stock
Subsequent Event [Line Items]
Restricted stock units granted in period		111,500
Subsequent Event | Board of Directors
Subsequent Event [Line Items]
Options granted in period	3,100,000
Subsequent Event | Board of Directors | Performance-Based Restricted Stock Units
Subsequent Event [Line Items]
Restricted stock units granted in period	600,000
Subsequent Event | Board of Directors | Nonperformance-Based Restricted Stock Units
Subsequent Event [Line Items]
Restricted stock units granted in period	42,000
Subsequent Event | Board of Directors | Restricted Stock
Subsequent Event [Line Items]
Restricted stock units granted in period	85,000
Subsequent Event | Dividend Declared
Subsequent Event [Line Items]
Cash dividend	$ 0.37
Dividends payable date	Mar. 18, 2016
Dividends record date	Mar. 8, 2016

Quarterly Results of Operati119

Quarterly Results of Operations (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended																12 Months Ended
	Jan. 02, 2016	[1],[2]	Oct. 03, 2015	[1],[2]	Jul. 04, 2015	[1],[2]	Apr. 04, 2015	[1],[2]	Jan. 03, 2015	[2],[3]	Sep. 27, 2014	[2],[3]	Jun. 28, 2014	[2],[3]	Mar. 29, 2014	[2],[3]	Jan. 02, 2016	[1],[2]	Jan. 03, 2015	[2],[3]	Dec. 28, 2013
Quarterly Results Of Operations [Line Items]
Total revenues	$ 3,412,763		$ 3,612,820		$ 2,513,860		$ 2,837,301		$ 3,578,860		$ 3,520,447		$ 2,402,076		$ 2,780,778		$ 12,376,744		$ 12,282,161		$ 11,419,648
Operating income	397,206		642,928		223,027		397,835		181,644		633,082		219,808		403,190		1,660,996		1,437,724		1,647,147
Net income	$ 312,209		$ 459,864		$ 170,811		$ 288,709		$ 122,101		$ 470,529		$ 157,682		$ 297,193		$ 1,231,593		$ 1,047,505		$ 1,210,119
Earnings per common share
Basic	$ 0.73	[4]	$ 1.08	[4]	$ 0.40	[4]	$ 0.68	[4]	$ 0.28	[4]	$ 1.09	[4]	$ 0.37	[4]	$ 0.68	[4]	$ 2.90	[4]	$ 2.42	[4]	$ 2.76
Diluted	0.72	[4]	1.07	[4]	0.40	[4]	0.67	[4]	0.28	[4]	1.08	[4]	0.36	[4]	0.67	[4]	2.85	[4]	2.38	[4]	2.71
Dividends per common share	$ 0.37	[4]	$ 0.32	[4]	$ 0.32	[4]	$ 0.32	[4]	$ 0.3200	[4]	$ 0.2625	[4]	$ 0.2625	[4]	$ 0.2625	[4]	$ 1.3300	[4]	$ 1.1075	[4]	$ 0.9150
[1]	Intangible asset impairment charges in the fourth quarter of 2015 reduced fourth quarter and full year operating results as follows: operating income - $143.6 million; net income - $97.1 million; and diluted earnings per share - $0.23. In addition, these intangible asset impairment charges reduced fourth quarter and full year 2015 basic earnings per share by $0.23 and $0.22, respectively. See Notes E, F and S.
[2]	The fourth quarter and full year 2015 consisted of 13 weeks and 52 weeks, respectively, compared with 14 weeks and 53 weeks in the respective 2014 periods.
[3]	Goodwill and intangible asset impairment charges in the fourth quarter of 2014 reduced fourth quarter and full year operating results as follows: operating income - $396.4 million; net income - $306.8 million; basic earnings per share - $0.71; and diluted earnings per share - $0.70. See Notes E, F and S.
[4]	Per share amounts are computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding and rounding.

Quarterly Results of Operati120

Quarterly Results of Operations (Parenthetical) (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended																12 Months Ended
	Jan. 02, 2016		Oct. 03, 2015	[1],[2]	Jul. 04, 2015	[1],[2]	Apr. 04, 2015	[1],[2]	Jan. 03, 2015		Sep. 27, 2014	[2],[3]	Jun. 28, 2014	[2],[3]	Mar. 29, 2014	[2],[3]	Jan. 02, 2016		Jan. 03, 2015		Dec. 28, 2013
Quarterly Results Of Operations [Line Items]
Operating income	$ 397,206	[1],[2]	$ 642,928		$ 223,027		$ 397,835		$ 181,644	[2],[3]	$ 633,082		$ 219,808		$ 403,190		$ 1,660,996	[1],[2]	$ 1,437,724	[2],[3]	$ 1,647,147
Net income	$ 312,209	[1],[2]	$ 459,864		$ 170,811		$ 288,709		$ 122,101	[2],[3]	$ 470,529		$ 157,682		$ 297,193		$ 1,231,593	[1],[2]	$ 1,047,505	[2],[3]	$ 1,210,119
Earnings per share:
Basic	$ 0.73	[1],[2],[4]	$ 1.08	[4]	$ 0.40	[4]	$ 0.68	[4]	$ 0.28	[2],[3],[4]	$ 1.09	[4]	$ 0.37	[4]	$ 0.68	[4]	$ 2.90	[1],[2],[4]	$ 2.42	[2],[3],[4]	$ 2.76
Diluted	$ 0.72	[1],[2],[4]	$ 1.07	[4]	$ 0.40	[4]	$ 0.67	[4]	$ 0.28	[2],[3],[4]	$ 1.08	[4]	$ 0.36	[4]	$ 0.67	[4]	2.85	[1],[2],[4]	2.38	[2],[3],[4]	$ 2.71
Goodwill and Intangible Asset Impairment Charges
Quarterly Results Of Operations [Line Items]
Operating income	$ (143,600)								$ (396,400)
Net income	$ (97,100)								$ (306,800)
Earnings per share:
Basic	$ (0.23)								$ (0.71)								(0.22)		(0.71)
Diluted	$ (0.23)								$ (0.70)								$ (0.23)		$ (0.70)
[1]	Intangible asset impairment charges in the fourth quarter of 2015 reduced fourth quarter and full year operating results as follows: operating income - $143.6 million; net income - $97.1 million; and diluted earnings per share - $0.23. In addition, these intangible asset impairment charges reduced fourth quarter and full year 2015 basic earnings per share by $0.23 and $0.22, respectively. See Notes E, F and S.
[2]	The fourth quarter and full year 2015 consisted of 13 weeks and 52 weeks, respectively, compared with 14 weeks and 53 weeks in the respective 2014 periods.
[3]	Goodwill and intangible asset impairment charges in the fourth quarter of 2014 reduced fourth quarter and full year operating results as follows: operating income - $396.4 million; net income - $306.8 million; basic earnings per share - $0.71; and diluted earnings per share - $0.70. See Notes E, F and S.
[4]	Per share amounts are computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding and rounding.

Valuation and Qualifying Acc121

Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands		12 Months Ended
		Jan. 02, 2016	Jan. 03, 2015	Dec. 28, 2013
Allowance for Doubtful Accounts
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at the beginning of period		$ 26,694	$ 45,350	$ 48,998
Charged to costs and expenses		12,006	(2,198)	15,756
Deductions	[1]	14,781	16,458	19,404
Balance at end of period		23,919	26,694	45,350
Other Accounts Receivable Allowances
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at the beginning of period		186,693	170,242	153,934
Charged to costs and expenses		1,449,888	1,337,161	1,487,015
Deductions	[2]	1,439,918	1,320,710	1,470,707
Balance at end of period		196,663	186,693	170,242
Valuation Allowance of Deferred Tax Assets
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at the beginning of period		96,802	107,521	99,703
Charged to costs and expenses				(3,422)
Charged to other accounts	[3]	4,149	(10,719)	11,240
Balance at end of period		$ 100,951	$ 96,802	$ 107,521
[1]	Deductions include accounts written off, net of recoveries, and the effects of foreign currency translation.
[2]	Deductions include discounts, markdowns and returns, and the effects of foreign currency translation.
[3]	Additions relate to circumstances where it is more likely than not that deferred income tax assets will not be realized, purchase accounting adjustments, and the effects of foreign currency translation.