Annual report pursuant to Section 13 and 15(d)

TRANSACTIONS WITH FORMER PARENT (Tables)

v3.20.4
TRANSACTIONS WITH FORMER PARENT (Tables)
12 Months Ended
Jan. 02, 2021
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table presents components of the transfers to and from VF:
(In thousands)
December 2019 (a)
December 2018
General financing activities $ (723,155) $ (32,498)
Corporate allocations 47,903  113,581 
Stock-based compensation expense 9,582  14,894 
Pension (benefit) costs (2,246) 6,260 
Purchases from parent 3,193  998 
Sales to parent (13,988) (50,962)
Other income tax 10,863  64,150 
Transition tax related to the Tax Act 3,937  5,716 
Cash dividend to former parent (1,032,948) — 
Total net transfers to former parent $ (1,696,859) $ 122,139 
(a) Activity reflected through the Separation date.