v3.26.1
REPORTABLE SEGMENT INFORMATION (Tables)
 12 Months Ended
Mar. 28, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information for Reportable Segments
Financial information for VF’s segments was as follows:
Year Ended March 2026
(In thousands)OutdoorActiveTotal
Reportable segment revenues$5,741,792 $2,720,967 $8,462,759 
“All Other” revenues
1,142,448 
Total revenues9,605,207 
Less:
Cost of goods sold
2,616,156 1,170,484 
Marketing expenses479,790 242,317 
Other SG&A expenses
1,811,678 1,206,473 
Other segment items (a)
7,032 1,350 
Segment profit841,200 103,043 944,243 
Impairment of goodwill (30,716)
Corporate and other expenses (b)
(511,815)
Interest expense, net(148,743)
“All Other” profit
88,249 
Income from continuing operations before income taxes$341,218 
(a)For each reportable segment, 'Other segment items' include certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
(b)A final pre-tax gain on the sale of Dickies of $127.2 million was recorded in the other income (expense), net line item in the Consolidated Statement of Operations for the year ended March 2026. Refer to Note 3 for additional information regarding the divestiture. In addition, a pension settlement charge of $192.1 million and excise taxes of $25.1 million related to the termination of the U.S. qualified plan were recorded in the other income (expense), net line item in the Consolidated Statement of Operations for the year ended March 2026. Refer to Note 17 for additional information regarding the settlement charge and excise taxes.
Year Ended March 2025
(In thousands)Outdoor
Active
Total
Reportable segment revenues$5,311,061 $2,914,307 $8,225,368 
“All Other” revenues
1,279,323 
Total revenues9,504,691 
Less:
Cost of goods sold2,522,731 1,229,016 
Marketing expenses416,066 292,395 
Other SG&A expenses1,676,753 1,259,995 
Other segment items (a)
13,041 1,095 
Segment profit708,552 133,996 842,548 
Impairment of goodwill and indefinite-lived intangible assets(89,242)
Corporate and other expenses(546,740)
Interest expense, net (b)
(149,243)
“All Other” profit
87,838 
Income from continuing operations before income taxes$145,161 
(a)For each reportable segment, 'Other segment items' includes insurance recoveries, certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
(b)Interest expense and the related interest rate swap impact for the DDTL, which totaled $31.1 million for the year ended March 2025, were allocated to discontinued operations due to the requirement within the DDTL's amended agreement that the DDTL be prepaid upon the receipt of the net cash proceeds from the sale of Supreme.
Year Ended March 2024
(In thousands)OutdoorActiveTotal
Reportable segment revenues$5,230,287 $3,327,612 $8,557,899 
“All Other” revenues1,357,779 
Total revenues9,915,678 
Less:
Cost of goods sold2,594,411 1,436,021 
Marketing expenses421,401 291,925 
Other SG&A expenses1,607,562 1,414,074 
Other segment items (a)
592 28,925 
Segment profit607,505 214,517 822,022 
Impairment of goodwill(507,566)
Corporate and other expenses(469,560)
Interest expense, net (b)
(165,679)
“All Other” profit
35,862 
Loss from continuing operations before income taxes$(284,921)
(a)For each reportable segment, 'Other segment items' includes certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses. For the Active reportable segment, 'Other segment items' also includes legal settlement gains of $29.1 million. These are all reported in the other income (expense), net line item in the Consolidated Statement of Operation
(b)Interest expense and the related interest rate swap impact for the DDTL, which totaled $59.1 million for the year ended March 2024, were allocated to discontinued operations due to the requirement within the DDTL's amended agreement that the DDTL be prepaid upon the receipt of the net cash proceeds from the sale of Supreme.
Schedule of Reconciliation of Assets from Segment to Consolidated
(In thousands)March 2026March 2025March 2024
Segment assets:
Outdoor$1,634,714 $1,552,908 $1,512,217 
Active800,316 860,128 879,406 
All Other306,730 507,223 560,660 
Corporate and other57,471 28,429 8,869 
Total segment assets2,799,231 2,948,688 2,961,152 
Cash and cash equivalents823,943 429,382 656,376 
Property, plant and equipment, net674,508 720,879 788,992 
Goodwill and intangible assets, net2,055,247 2,314,093 2,421,838 
Operating lease right-of-use assets1,320,733 1,262,319 1,255,074 
Other assets1,616,515 1,702,175 1,703,664 
Assets of discontinued operations— — 1,825,867 
Consolidated assets$9,290,177 $9,377,536 $11,612,963 
Schedule of Reconciliation of Capital Expenditures and Depreciation and Amortization Expense
Year Ended March
(In thousands)202620252024
Depreciation, amortization and other asset write-downs:
Outdoor$105,660 $103,411 $99,004 
Active61,218 58,460 78,017 
All Other18,261 21,671 22,096 
Corporate and other95,390 76,074 108,411 
$280,529 $259,616 $307,528 
Schedule of Supplemental Information (with Revenues by Geographic Area Based on the Origin of Shipment)
Supplemental information (with revenues by geographic area primarily based on the origin of the shipment) was as follows:
Year Ended March
(In thousands)202620252024
Total revenues:
U.S.$4,231,822 $4,257,971 $4,550,988 
Foreign5,373,385 5,246,720 5,364,690 
$9,605,207 $9,504,691 $9,915,678 
Property, plant and equipment:
U.S.$462,716 $513,627 
Foreign211,792 207,252 
$674,508 $720,879