v3.26.1
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 3 Months Ended
Jun. 27, 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)June 2026March 2026June 2025June 2026March 2026June 2025
Derivatives Designated as Hedging Instruments:
Cash flow foreign exchange contracts$50,113 $28,122 $18,528 $(36,244)$(48,711)$(129,307)
Derivatives Not Designated as Hedging Instruments:
Foreign exchange contracts 730 792 128 (627)(12)(722)
Total derivatives
$50,843 $28,914 $18,656 $(36,871)$(48,723)$(130,029)
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 would be adjusted from the current gross presentation to the net amounts as detailed in the following table:
 June 2026March 2026June 2025
(In thousands)Derivative
Asset		Derivative
Liability		Derivative
Asset		Derivative
Liability		Derivative
Asset		Derivative
Liability
Gross amounts presented in the Consolidated Balance Sheets
$50,843 $(36,871)$28,914 $(48,723)$18,656 $(130,029)
Gross amounts not offset in the Consolidated Balance Sheets
(18,539)18,539 (12,453)12,453 (17,940)17,940 
Net amounts
$32,304 $(18,332)$16,461 $(36,270)$716 $(112,089)
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 would be adjusted from the current gross presentation to the net amounts as detailed in the following table:
 June 2026March 2026June 2025
(In thousands)Derivative
Asset		Derivative
Liability		Derivative
Asset		Derivative
Liability		Derivative
Asset		Derivative
Liability
Gross amounts presented in the Consolidated Balance Sheets
$50,843 $(36,871)$28,914 $(48,723)$18,656 $(130,029)
Gross amounts not offset in the Consolidated Balance Sheets
(18,539)18,539 (12,453)12,453 (17,940)17,940 
Net amounts
$32,304 $(18,332)$16,461 $(36,270)$716 $(112,089)
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)June 2026March 2026June 2025
Derivative InstrumentsBalance Sheet Location
Foreign exchange contractsOther current assets$34,841 $17,800 $14,964 
Foreign exchange contractsAccrued liabilities(31,378)(46,231)(101,114)
Foreign exchange contractsOther assets16,002 11,114 3,692 
Foreign exchange contractsOther liabilities(5,493)(2,492)(28,915)
Schedule of Effects of Cash Flow Hedging included in Consolidated Statements of Comprehensive Income (Loss) and Consolidated Statements of Operations The effects of cash flow hedging included in VF’s Consolidated Statements of Comprehensive Loss and Consolidated Statements of Operations are summarized as follows:
(In thousands)Gain (Loss) on Derivatives
Recognized in Accumulated OCL
Three Months Ended June
Cash Flow Hedging Relationships20262025
Foreign exchange contracts$11,410 $(131,290)
(In thousands)
Gain (Loss) Reclassified from Accumulated OCL into Net Loss
Three Months Ended June
Cash Flow Hedging RelationshipsLocation of Gain (Loss) 20262025
Foreign exchange contractsRevenues$479 $(1,971)
Foreign exchange contractsCost of goods sold(17,641)15,034 
Foreign exchange contractsSG&A expenses(133)(261)
Foreign exchange contractsOther income (expense), net324 476 
Interest rate contractsInterest expense27 27 
Total$(16,944)$13,305