V F CORP
For the period ended Sep 28, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 28, 2024 · Filed Oct 30, 2024
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Intangible Assets
NOTE 6 —INTANGIBLE ASSETS
| September 2024 · March 2024 | ||||||||
|---|---|---|---|---|---|---|---|---|
| (In thousands) · WeightedAverageAmortizationPeriod · AmortizationMethod · Cost · AccumulatedAmortization · NetCarryingAmount · NetCarryingAmount | ||||||||
| Amortizable intangible assets: | ||||||||
| Customer relationships and other | 19 years | Accelerated | $265,950 | $196,927 | $69,023 | $74,963 | ||
| Indefinite-lived intangible assets: | ||||||||
| Trademarks and trade names | 1,705,671 | 1,701,519 | ||||||
| Intangible assets, net | $1,774,694 | $1,776,482 | ||||||
Amortization expense for the three and six months ended September 2024 was $3.4 million and $6.7 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2025 is $13.3 million, $12.3 million, $11.9 million, $10.9 million and $9.9 million, respectively.
15 VF Corporation Q2 FY25 Form 10-Q
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