v3.26.1
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
12 Months Ended
Mar. 28, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Derivatives on Individual Contract Basis
The following table presents outstanding derivatives on an individual contract basis:
  Fair Value of Derivatives
with Unrealized Gains
Fair Value of Derivatives
with Unrealized Losses
(In thousands)March 2026March 2025March 2026March 2025
Derivatives Designated as Hedging Instruments:
Cash flow foreign exchange contracts$28,122 $32,608 $(48,711)$(29,847)
Derivatives Not Designated as Hedging Instruments:
Foreign exchange contracts792 1,763 (12)(156)
Total derivatives$28,914 $34,371 $(48,723)$(30,003)
Schedule of Derivative Assets Presented in Consolidated Balance Sheet Adjusted from Current Gross If VF were to offset and record the asset and liability balances on a net basis in accordance with the terms of its master netting agreements, the amounts presented in the Consolidated Balance Sheets as of March 2026 and 2025 would be adjusted from the current gross presentation to the net amounts as detailed in the following table:
 March 2026March 2025
(In thousands)Derivative
Asset
Derivative
Liability
Derivative
Asset
Derivative
Liability
Gross amounts presented in the Consolidated Balance Sheets$28,914 $(48,723)$34,371 $(30,003)
Gross amounts not offset in the Consolidated Balance Sheets(12,453)12,453 (13,592)13,592 
Net amounts$16,461 $(36,270)$20,779 $(16,411)
Schedule of Derivative Liabilities Presented in Consolidated Balance Sheet Adjusted from Current Gross If VF were to offset and record the asset and liability balances on a net basis in accordance with the terms of its master netting agreements, the amounts presented in the Consolidated Balance Sheets as of March 2026 and 2025 would be adjusted from the current gross presentation to the net amounts as detailed in the following table:
 March 2026March 2025
(In thousands)Derivative
Asset
Derivative
Liability
Derivative
Asset
Derivative
Liability
Gross amounts presented in the Consolidated Balance Sheets$28,914 $(48,723)$34,371 $(30,003)
Gross amounts not offset in the Consolidated Balance Sheets(12,453)12,453 (13,592)13,592 
Net amounts$16,461 $(36,270)$20,779 $(16,411)
Schedule of Derivatives Classified as Current or Noncurrent Based on Maturity Dates
Derivatives are classified as current or noncurrent based on maturity dates, as follows:
(In thousands)March 2026March 2025
Derivative InstrumentsBalance Sheet Location
Foreign exchange contractsOther current assets (Note 6)$17,800 $32,290 
Foreign exchange contractsAccrued liabilities (Note 14)(46,231)(19,810)
Foreign exchange contractsOther assets (Note 11)11,114 2,081 
Foreign exchange contractsOther liabilities (Note 16)(2,492)(10,193)
Schedule of Effects of Cash Flow Hedging included in Consolidated Statements of Income and Consolidated Statements of Comprehensive Income The effects of cash flow hedging included in VF’s Consolidated Statements of Comprehensive Income (Loss) and Consolidated Statements of Operations are summarized as follows:
(In thousands)

Cash Flow Hedging Relationships
Gain (Loss) on Derivatives Recognized in Accumulated OCL
Year Ended March
202620252024
Foreign exchange contracts$(85,191)$15,810 $(15,538)
Interest rate contracts— 301 7,605 
Total$(85,191)$16,111 $(7,933)
Gain (Loss) Reclassified from Accumulated OCL into Net Income (Loss)
(In thousands)Year Ended March
Cash Flow Hedging RelationshipsLocation of Gain (Loss)202620252024
Foreign exchange contractsRevenues$2,425 $(29,941)$(5,004)
Foreign exchange contractsCost of goods sold(25,986)(3,192)15,703 
Foreign exchange contractsSG&A expenses(303)(518)3,437 
Foreign exchange contractsOther income (expense), net4,305 (1,688)(253)
Interest rate contractsInterest expense108 445 108 
Interest rate contractsIncome (loss) from discontinued operations, net of tax— 2,299 4,130 
Total$(19,451)$(32,595)$18,121