V F CORP
For the period ended Sep 27, 2025. Filed Oct 28, 2025.
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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 27, 2025 · Filed Oct 28, 2025
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Intangible Assets
NOTE 6 —INTANGIBLE ASSETS
| September 2025 · March 2025 | ||||||||
|---|---|---|---|---|---|---|---|---|
| (In thousands) · WeightedAverageAmortizationPeriod · AmortizationMethod · Cost · AccumulatedAmortization · NetCarryingAmount · NetCarryingAmount | ||||||||
| Amortizable intangible assets: | ||||||||
| Customer relationships and other | 20 years | Accelerated | $250,835 | $199,314 | $51,521 | $61,822 | ||
| Indefinite-lived intangible assets: | ||||||||
| Trademarks and trade names | 1,424,324 | 1,648,885 | ||||||
| Intangible assets, net | $1,475,845 | $1,710,707 | ||||||
During the three months ended September 2025, the Company reclassified intangible assets of $244.5 million to assets held-for-sale related to the planned divestiture of Dickies. Refer to Note 4 for additional information regarding the planned divestiture.
Amortization expense for the three and six months ended September 2025 was $3.1 million and $6.3 million, respectively.
Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2026 is $11.8 million, $10.6 million, $9.9 million, $9.0 million and $7.0 million, respectively.
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