v3.26.1
OTHER LIABILITIES
 12 Months Ended
Mar. 28, 2026
Other Liabilities Disclosure [Abstract]  
OTHER LIABILITIES OTHER LIABILITIES
(In thousands)March 2026March 2025
Income taxes$355,902 $417,186 
Pension liabilities (Note 17)
72,989 77,688 
Deferred compensation (Note 17)
56,716 63,007 
Product warranty claims48,231 49,885 
Deferred income taxes (Note 20)
21,057 14,551 
Derivative financial instruments (Note 25)
2,492 10,193 
Other61,994 54,982 
Other liabilities$619,381 $687,492 
 
VF accrues warranty costs, as cost of goods sold, at the time revenue is recognized. Product warranty costs are estimated based on historical experience and specific identification of the product requirements, which may fluctuate based on product mix. Activity relating to accrued product warranty claims is summarized as follows:
Year Ended March
(In thousands)202620252024
Balance, beginning of year$62,813 $61,266 $52,419 
Accrual for products sold during the year11,259 14,053 22,555 
Repair or replacement costs incurred and other(12,816)(12,516)(13,658)
Currency translation389 10 (50)
Balance, end of year61,645 62,813 61,266 
Less current portion (Note 14)
13,414 12,928 12,893 
Long-term portion$48,231 $49,885 $48,373