Quarterly report pursuant to Section 13 or 15(d)

TRANSACTIONS WITH FORMER PARENT (Tables)

v3.19.2
TRANSACTIONS WITH FORMER PARENT (Tables)
 6 Months Ended
Jun. 29, 2019
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions The components of the transfers to and from VF are as follows:
 
 
Six Months Ended June
 
 
 
 
 
 
(in thousands)
 
2019(a)
 
 
2018
General financing activities
 
$
(723,155
)
 
 
$
203,402

Corporate allocations
 
47,903

 
 
61,465

Stock-based compensation expense
 
9,582

 
 
5,552

Pension (benefit) costs
 
(2,246
)
 
 
4,275

Purchases from parent
 
3,193

 
 
1,644

Sales to parent
 
(13,988
)
 
 
(25,612
)
Other income tax
 
10,863

 
 
34,684

Transition tax related to the Tax Act
 
3,937

 
 
—

Cash dividend to former parent
 
(1,032,948
)
 
 
—

Total net transfers (to) from former parent
 
$
(1,696,859
)
 
 
$
285,410

 
 
 
 
 
 
(a) Activity reflected through the Separation date
 
 
 
 
 

Due from former parent, current consists of the following:
(in thousands)
 
December 2018
 
June 2018
Sale of trade accounts receivable
 
$
544,858

 
$
553,355

Hedging agreements with VF
 
2,832

 
621


 
$
547,690

 
$
553,976


Due from former parent, noncurrent consists of the following:
(in thousands)
 
December 2018
 
June 2018
Hedging agreements with VF
 
$
611

 
$
—

Due to former parent, current consists of the following:
(in thousands)
 
December 2018
 
June 2018
Sourcing payable
 
$
16,140

 
$
59,424