V.F. (VFC) 10-Q 4 Feb 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Dec. 28, 2019	Jan. 25, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 28, 2019
Document Transition Report	false
Entity File Number	1-5256
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	23-1180120
Entity Address, Address Line One	8505 E. Orchard Road
Entity Address, City or Town	Greenwood Village
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80111
City Area Code	720
Local Phone Number	778-4000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		394,720,284
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Registrant Name	V F CORP
Entity Central Index Key	0000103379
Current Fiscal Year End Date	--03-28
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock, without par value, stated capital, $0.25 per share
Trading Symbol	VFC
Security Exchange Name	NYSE
0.625% fixed rate notes maturing in September 2023
Document Information [Line Items]
Title of 12(b) Security	0.625% Senior Notes due 2023
Trading Symbol	VFC23
Security Exchange Name	NYSE

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019	Dec. 29, 2018
Current assets
Cash and equivalents	$ 583,951	$ 445,119	$ 451,978
Accounts receivable, less allowance for doubtful accounts of: December 2019 ‑ $21,283; March 2019 - $19,638; December 2018 - $20,932	1,641,758	1,465,855	1,566,202
Inventories	1,564,970	1,432,660	1,401,621
Other current assets	365,019	433,793	391,800
Current assets of discontinued operations	0	896,030	800,490
Total current assets	4,155,698	4,673,457	4,612,091
Property, plant and equipment, net	908,771	915,177	902,665
Intangible assets, net	1,948,232	1,972,364	2,002,906
Goodwill	1,539,579	1,541,314	1,536,544
Operating lease right-of-use assets	1,298,631	0	0
Other assets	963,351	772,755	756,065
Other assets of discontinued operations	0	481,718	474,039
TOTAL ASSETS	10,814,262	10,356,785	10,284,310
Current liabilities
Short-term borrowings	56,001	659,060	674,676
Current portion of long-term debt	4,677	5,263	5,576
Accounts payable	456,993	580,867	536,406
Accrued liabilities	1,444,421	1,154,932	1,115,371
Current liabilities of discontinued operations	0	261,482	231,018
Total current liabilities	1,962,092	2,661,604	2,563,047
Long-term debt	2,110,488	2,115,884	2,135,240
Operating lease liabilities	1,052,854	0	0
Other liabilities	1,121,238	1,232,200	1,239,503
Other liabilities of discontinued operations	0	48,581	45,896
Commitments and contingencies
Total liabilities	6,246,672	6,058,269	5,983,686
Stockholders’ equity
Preferred Stock, par value $1; shares authorized, 25,000,000; no shares outstanding at December 2019, March 2019 or December 2018	0	0	0
Common Stock, stated value $0.25; shares authorized, 1,200,000,000; shares outstanding at December 2019 - 394,528,067; March 2019 - 396,824,662; December 2018 - 395,472,173	98,632	99,206	98,868
Additional paid-in capital	4,182,102	3,921,784	3,829,994
Accumulated other comprehensive income (loss)	(895,372)	(902,075)	(886,565)
Retained earnings	1,182,228	1,179,601	1,258,327
Total stockholders’ equity	4,567,590	4,298,516	4,300,624
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 10,814,262	$ 10,356,785	$ 10,284,310

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019	Dec. 29, 2018
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 21,283	$ 19,638	$ 20,932
Preferred Stock, par value (in USD per share)	$ 1	$ 1	$ 1
Preferred Stock, shares authorized (in shares)	25,000,000	25,000,000	25,000,000
Preferred Stock, shares outstanding (in shares)	0	0	0
Common Stock, stated value (in USD per share)	$ 0.25	$ 0.25	$ 0.25
Common Stock, shares authorized (in shares)	1,200,000,000	1,200,000,000	1,200,000,000
Common Stock, shares outstanding (in shares)	394,528,067	396,824,662	395,472,173

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Income Statement [Abstract]
Net revenues	$ 3,384,746	$ 3,227,712	$ 9,049,493	$ 8,584,237
Costs and operating expenses
Cost of goods sold	1,500,463	1,464,761	4,133,884	4,015,441
Selling, general and administrative expenses	1,305,481	1,242,131	3,624,450	3,389,891
Total costs and operating expenses	2,805,944	2,706,892	7,758,334	7,405,332
Operating income	578,802	520,820	1,291,159	1,178,905
Interest income	5,489	3,116	17,601	6,746
Interest expense	(22,303)	(28,336)	(65,240)	(83,640)
Other income (expense), net	(22,152)	(1,027)	(18,367)	(52,422)
Income from continuing operations before income taxes	539,836	494,573	1,225,153	1,049,589
Income tax expense	87,089	85,453	26,156	162,981
Income from continuing operations	452,747	409,120	1,198,997	886,608
Income (loss) from discontinued operations, net of tax	12,256	54,389	(35,772)	244,380
Net income	$ 465,003	$ 463,509	$ 1,163,225	$ 1,130,988
Earnings (loss) per common share - basic
Continuing operations (in USD per share)	$ 1.14	$ 1.03	$ 3.02	$ 2.24
Discontinued operations (in USD per share)	0.03	0.14	(0.09)	0.62
Total earnings per common share - basic (in USD per share)	1.17	1.17	2.93	2.86
Earnings (loss) per common share - diluted
Continuing operations (in USD per share)	1.13	1.02	2.99	2.21
Discontinued operations (in USD per share)	0.03	0.14	(0.09)	0.61
Total earnings per common share - diluted (in USD per share)	$ 1.16	$ 1.16	$ 2.90	$ 2.82
Weighted average shares outstanding
Basic (in shares)	395,940	395,294	396,806	395,117
Diluted (in shares)	400,322	399,767	401,499	400,418

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 465,003	$ 463,509	$ 1,163,225	$ 1,130,988
Foreign currency translation and other
Gains (losses) arising during the period	46,813	(67,820)	(10,831)	(241,578)
Income tax effect	5,154	(3,345)	(815)	(18,680)
Defined benefit pension plans
Current period actuarial gains	35,971	1,428	21,361	53,470
Amortization of net deferred actuarial losses	4,203	6,676	12,236	22,153
Amortization of deferred prior service costs (credits)	13	(58)	38	552
Reclassification of deferred prior service cost due to curtailments	24,943	662	25,462	8,846
Reclassification of deferred prior service cost due to curtailments	0	0	0	9,483
Income tax effect	(16,334)	(2,313)	(15,835)	(24,530)
Derivative financial instruments
Gains (losses) arising during the period	(56,699)		9,471
Gains (losses) arising during the period		43,836		153,705
Income tax effect	10,163		(759)
Income tax effect		(7,217)		(18,664)
Reclassification to net income for (gains) losses realized	(22,563)		(56,746)
Reclassification to net income for (gains) losses realized		5,391		35,554
Income tax effect	3,689		9,689
Income tax effect		(889)		(2,846)
Other comprehensive income (loss)	35,353	(23,649)	(6,729)	(22,535)
Comprehensive income	$ 500,356	$ 439,860	$ 1,156,496	$ 1,108,453

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
OPERATING ACTIVITIES
Net income	$ 1,163,225	$ 1,130,988
Income (loss) from discontinued operations, net of tax	(35,772)	244,380
Income from continuing operations, net of tax	1,198,997	886,608
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	204,341	192,049
Amortization of operating lease right-of-use assets	287,439	0
Stock-based compensation	95,304	67,577
Provision for doubtful accounts	9,592	11,413
Pension expense in excess of contributions	9,428	2,932
Loss on sale of businesses, net of tax	0	33,501
Other, net	(124,056)	(36,393)
Changes in operating assets and liabilities:
Accounts receivable	(185,259)	(418,983)
Inventories	(132,862)	(69,211)
Accounts payable	(121,532)	54,306
Income taxes	(44,092)	(43,935)
Accrued liabilities	(82,948)	444,424
Operating lease right-of-use assets and liabilities	(318,636)	0
Other assets and liabilities	32,697	(12,562)
Cash provided by operating activities - continuing operations	828,413	1,111,726
Cash provided by operating activities - discontinued operations	13,213	324,937
Cash provided by operating activities	841,626	1,436,663
INVESTING ACTIVITIES
Business acquisitions, net of cash received	0	(320,405)
Proceeds from sale of businesses, net of cash sold	0	430,273
Capital expenditures	(186,281)	(180,241)
Software purchases	(37,333)	(42,533)
Other, net	51,985	(16,189)
Cash used by investing activities - continuing operations	(171,629)	(129,095)
Cash used by investing activities - discontinued operations	(2,327)	(19,451)
Cash used by investing activities	(173,956)	(148,546)
FINANCING ACTIVITIES
Net decrease in short-term borrowings	(596,559)	(852,547)
Payments on long-term debt	(4,496)	(4,675)
Payment of debt issuance costs	0	(2,123)
Purchases of treasury stock	(500,003)	(150,676)
Cash dividends paid	(562,298)	(565,176)
Cash received from Kontoor Brands, net of cash transferred of $126.8 million	906,148	0
Proceeds from issuance of Common Stock, net of shares withheld for taxes	135,086	137,470
Cash used by financing activities	(622,122)	(1,437,727)
Effect of foreign currency rate changes on cash, cash equivalents and restricted cash	(4,927)	(681)
Net change in cash, cash equivalents and restricted cash	40,621	(150,291)
Cash, cash equivalents and restricted cash – beginning of year	556,587	689,190
Cash, cash equivalents and restricted cash – end of period	$ 597,208	$ 538,899

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018
Statement of Cash Flows [Abstract]
Cash transferred	$ 126,800
Balances per Consolidated Balance Sheets:
Cash and equivalents	583,951	$ 451,978
Other current assets	3,448	2,855
Current and other assets of discontinued operations	0	83,351
Other assets	9,809	715
Total cash, cash equivalents and restricted cash	$ 597,208	$ 538,899

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings
Balance (in shares) at Mar. 31, 2018		394,313,070
Balance at Mar. 31, 2018	$ 3,688,096	$ 98,578	$ 3,607,424	$ (864,030)	$ 846,124
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,130,988				1,130,988
Dividends on Common Stock	(565,176)				(565,176)
Purchases of treasury stock (in shares)		(1,868,934)
Purchase of treasury stock	(150,676)	$ (467)			(150,209)
Stock-based compensation, net (in shares)		3,028,037
Stock-based compensation, net	217,971	$ 757	222,570		(5,356)
Foreign currency translation and other	(260,258)			(260,258)
Defined benefit pension plans	69,974			69,974
Derivative financial instruments	167,749			167,749
Balance (in shares) at Dec. 29, 2018		395,472,173
Balance at Dec. 29, 2018	4,300,624	$ 98,868	3,829,994	(886,565)	1,258,327
Balance (in shares) at Sep. 29, 2018		397,161,808
Balance at Sep. 29, 2018	4,179,556	$ 99,290	3,795,395	(862,916)	1,147,787
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	463,509				463,509
Dividends on Common Stock	(201,325)				(201,325)
Purchases of treasury stock (in shares)		(1,863,724)
Purchase of treasury stock	(150,196)	$ (466)			(149,730)
Stock-based compensation, net (in shares)		174,089
Stock-based compensation, net	32,729	$ 44	34,599		(1,914)
Foreign currency translation and other	(71,165)			(71,165)
Defined benefit pension plans	6,395			6,395
Derivative financial instruments	41,121			41,121
Balance (in shares) at Dec. 29, 2018		395,472,173
Balance at Dec. 29, 2018	4,300,624	$ 98,868	3,829,994	(886,565)	1,258,327
Balance (in shares) at Mar. 30, 2019		396,824,662
Balance at Mar. 30, 2019	4,298,516	$ 99,206	3,921,784	(902,075)	1,179,601
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,163,225				1,163,225
Dividends on Common Stock	$ (562,298)				(562,298)
Purchases of treasury stock (in shares)	(5,800,000)	(5,840,550)
Purchase of treasury stock	$ (500,003)	$ (1,460)			(498,543)
Stock-based compensation, net (in shares)		3,543,955
Stock-based compensation, net	232,285	$ 886	260,318		(28,919)
Foreign currency translation and other	(11,646)			(11,646)
Defined benefit pension plans	43,262			43,262
Derivative financial instruments	(38,345)			(38,345)
Spin-off of Jeans Business	(54,915)			75,293	(130,208)
Balance (in shares) at Dec. 28, 2019		394,528,067
Balance at Dec. 28, 2019	4,567,590	$ 98,632	4,182,102	(895,372)	1,182,228
Balance (in shares) at Sep. 28, 2019		398,865,790
Balance at Sep. 28, 2019	4,647,619	$ 99,716	4,072,640	(930,725)	1,405,988
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	465,003				465,003
Dividends on Common Stock	(188,694)				(188,694)
Purchases of treasury stock (in shares)		(5,840,550)
Purchase of treasury stock	(500,003)	$ (1,460)			(498,543)
Stock-based compensation, net (in shares)		1,502,827
Stock-based compensation, net	108,312	$ 376	109,462		(1,526)
Foreign currency translation and other	51,967			51,967
Defined benefit pension plans	48,796			48,796
Derivative financial instruments	(65,410)			(65,410)
Balance (in shares) at Dec. 28, 2019		394,528,067
Balance at Dec. 28, 2019	$ 4,567,590	$ 98,632	$ 4,182,102	$ (895,372)	$ 1,182,228

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Statement of Stockholders' Equity [Abstract]
Dividends on Common Stock (in usd per share)	$ 0.48	$ 0.51	$ 1.42	$ 1.43

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Dec. 28, 2019
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION VF Corporation (together with its subsidiaries, collectively known as “VF” or the “Company”) uses a 52/53 week fiscal year ending on the Saturday closest to March 31 of each year. The Company's current fiscal year runs from March 31, 2019 through March 28, 2020 ("Fiscal 2020"). Accordingly, this Form 10-Q presents our third quarter of Fiscal 2020 . For presentation purposes herein, all references to periods ended December 2019 and December 2018 relate to the fiscal periods ended on December 28, 2019 and December 29, 2018 , respectively. References to March 2019 relate to information as of March 30, 2019 . On May 22, 2019, VF completed the spin-off of its Jeans business, which included the Wrangler ® , Lee ® and Rock & Republic ® brands, as well as the VF Outlet TM business, into an independent, publicly traded company. As a result, VF reported the operating results for the Jeans business in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Income and the related cash flows have been reported as discontinued operations in the Consolidated Statements of Cash Flows, for all periods presented. In addition, the related assets and liabilities have been reported as assets and liabilities of discontinued operations in the Consolidated Balance Sheets, through the date the spin-off was completed. On April 30, 2018, VF completed the sale of the Nautica ® brand business. As a result, the Nautica ® brand business has been reported as discontinued operations in our Consolidated Statements of Income and Consolidated Statements of Cash Flows. Unless otherwise noted, discussion within these notes to the consolidated financial statements relates to continuing operations. Refer to Note 5 for additional information on discontinued operations. Certain prior year amounts have been reclassified to conform to the Fiscal 2020 presentation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X and do not include all of the information and notes required by generally accepted accounting principles in the United States of America (“GAAP”) for complete financial statements. Similarly, the March 2019 condensed consolidated balance sheet was derived from audited financial statements but does not include all disclosures required by GAAP. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all normal and recurring adjustments necessary to fairly state the consolidated financial position, results of operations and cash flows of VF for the interim periods presented. Operating results for the three and nine months ended December 2019 are not necessarily indicative of results that may be expected for any other interim period or for Fiscal 2020 . For further information, refer to the consolidated financial statements and notes included in VF’s Annual Report on Form 10-K for the year ended March 30, 2019 (“Fiscal 2019 Form 10-K”).

RECENTLY ADOPTED AND ISSUED ACC

RECENTLY ADOPTED AND ISSUED ACCOUNTING STANDARDS	9 Months Ended
	Dec. 28, 2019
Accounting Changes and Error Corrections [Abstract]
RECENTLY ADOPTED AND ISSUED ACCOUNTING STANDARDS	RECENTLY ADOPTED AND ISSUED ACCOUNTING STANDARDS Recently Adopted Accounting Standards In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, “Leases (Topic 842)” , a new accounting standard on leasing. The FASB subsequently issued updates to the standard to provide additional clarification on specific topics, including permitted transition methods. Collectively, the guidance is referred to as FASB Accounting Standards Codification ("ASC") 842. This standard requires companies to record most leased assets and liabilities on the balance sheet, and also retains a dual model approach for assessing lease classification and recognizing expense. The Company adopted this standard on March 31, 2019, utilizing the modified retrospective method and has recognized the cumulative effect of initially applying the new standard in retained earnings. The effective date of the adoption has been used as the date of initial application, and thus comparative prior period financial information has not been restated and continues to be reported under accounting standards in effect for those periods. The standard provides certain optional practical expedients for transition. The Company elected the transition relief package of practical expedients by applying previous accounting conclusions under ASC Topic 840, Leases ("ASC 840"), to all leases that existed prior to the transition date. As a result, VF did not reassess (i) whether existing or expired contracts contain leases, (ii) lease classification for any existing or expired leases, or (iii) whether lease origination costs qualified as initial direct costs. The Company also elected the land easement practical expedient, which allows the Company to apply ASC 842 prospectively to land easements after the adoption date if they were not previously accounted for under ASC 840. Certain leases contain both lease and non-lease components. For leases associated with specific asset classes, including certain real estate, vehicles, manufacturing machinery and IT equipment, VF has elected the practical expedient which permits entities to account for separate lease and non-lease components as a single component. For all other lease contracts, the Company has elected to account for each lease component separately from the non-lease components of the contract. When applicable, VF will measure the consideration to be paid pursuant to the agreement and allocate this consideration to the lease and non-lease components based on relative stand-alone prices. Further, the Company made an accounting policy election to not recognize right-of-use assets and lease liabilities for leases with terms of 12 months or less. The adoption of ASC 842 resulted in a net decrease of $2.5 million in the retained earnings line item of the Consolidated Balance Sheet as of March 31, 2019. The adoption of ASC 842 also resulted in the recognition of operating lease right-of-use assets and operating lease liabilities within the Consolidated Balance Sheet. Refer to Note 10 for additional lease disclosures. In August 2017, the FASB issued ASU No. 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities" , an update that amends and simplifies certain aspects of hedge accounting rules to better portray the economic results of risk management activities in the financial statements. The FASB subsequently issued updates to the standard to provide additional guidance on specific topics. This guidance became effective for VF in the first quarter of Fiscal 2020, but did not impact VF's consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02 , "Income Statement-Reporting Comprehensive Income (Topic 220) : Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ", an update that addresses the effect of the change in the U.S. federal corporate income tax rate due to the enactment of the Tax Cuts and Jobs Act ("U.S. Tax Act") on items within accumulated other comprehensive income (loss). The guidance became effective for VF in the first quarter of Fiscal 2020. The Company elected to reclassify the income tax effects of the U.S. Tax Act on items within accumulated other comprehensive income (loss) of $61.9 million to retained earnings, which primarily related to deferred taxes previously recorded for pension benefits. The adoption of this guidance did not have an impact on VF's consolidated results of operations or cash flows. In June 2018, the FASB issued ASU No. 2018-07, " Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting" , an update that expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. This guidance became effective for VF in the first quarter of Fiscal 2020, but did not impact VF's consolidated financial statements. In July 2018, the FASB issued ASU No. 2018-09, "Codification Improvements" , an update that provides technical corrections, clarifications and other improvements across a variety of accounting topics. The transition and effective date guidance is based on the facts and circumstances of each update; however, many of them became effective for VF in the first quarter of Fiscal 2020. The guidance did not impact VF's consolidated financial statements. Recently Issued Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" , which requires entities to use a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, including trade receivables. The FASB has subsequently issued updates to the standard to provide additional clarification on specific topics. This guidance will be effective for VF in the first quarter of the year ending April 3, 2021 ("Fiscal 2021") with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact on VF's consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement" , an update that modifies the disclosure requirements for fair value measurements by removing, modifying or adding certain disclosures. The guidance will be effective for VF in the first quarter of Fiscal 2021 with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact on VF's disclosures. In August 2018, the FASB issued ASU No. 2018-14, "Compensation— Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans" , an update that modifies the disclosure requirements for employers who sponsor defined benefit pension or other postretirement plans. The guidance will be effective for VF in Fiscal 2021 with early adoption permitted.The Company does not expect the adoption of this guidance to have a material impact on VF's disclosures. In August 2018, the FASB issued ASU No. 2018-15, "Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract" , an update that aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The guidance will be effective for VF in the first quarter of Fiscal 2021 with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact on VF's consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, " Income Taxes (Topic 740): Simplifying the Accounting for Income Tax

REVENUES

REVENUES	9 Months Ended
	Dec. 28, 2019
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES The following table provides information about accounts receivable, contract assets and contract liabilities: (In thousands) December 2019 March 2019 December 2018 Accounts receivable, net $ 1,641,758 $ 1,465,855 $ 1,566,202 Contract assets (a) 1,789 2,569 550 Contract liabilities (b) 56,356 30,181 37,875 (a) Included in the other current assets line item in the Consolidated Balance Sheets. (b) Included in the accrued liabilities and other liabilities line items in the Consolidated Balance Sheets. For the three and nine months ended December 2019 , the Company recognized $106.2 million and $151.2 million , respectively, of revenue that was included in the contract liability balance during the periods, including amounts recorded as a contract liability and subsequently recognized as revenue as performance obligations are satisfied within the same period, such as order deposits from customers. The change in the contract asset and contract liability balances primarily results from the timing differences between the Company's satisfaction of performance obligations and the customer's payment. For the three and nine months ended December 2019 , revenue recognized from performance obligations satisfied, or partially satisfied, in prior periods was not material. As of December 2019 , the Company expects to recognize $68.6 million of fixed consideration related to the future minimum guarantees in effect under its licensing agreements and expects such amounts to be recognized over time through December 2024. The variable consideration related to licensing arrangements is not disclosed as a remaining performance obligation as it qualifies for the sales-based royalty exemption. VF has also elected the practical expedient to not disclose the transaction price allocated to remaining performance obligations for contracts with an original expected duration of one year or less. As of December 2019 , there were no arrangements with transaction price allocated to remaining performance obligations other than contracts for which the Company has applied the practical expedients and the fixed consideration related to future minimum guarantees discussed above. Disaggregation of Revenue The following tables disaggregate our revenues by channel and geography, which provides a meaningful depiction of how the nature, timing and uncertainty of revenues are affected by economic factors. The wholesale channel includes fees generated from sourcing activities as the customers and point-in-time revenue recognition are similar to other wholesale arrangements. Three Months Ended December 2019 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 857,939 $ 527,206 $ 415,262 $ 4,750 $ 1,805,157 Direct-to-consumer 796,632 706,186 56,059 1,340 1,560,217 Royalty 4,537 6,070 8,765 — 19,372 Total $ 1,659,108 $ 1,239,462 $ 480,086 $ 6,090 $ 3,384,746 Geographic revenues United States $ 903,184 $ 686,733 $ 372,808 $ — $ 1,962,725 International 755,924 552,729 107,278 6,090 1,422,021 Total $ 1,659,108 $ 1,239,462 $ 480,086 $ 6,090 $ 3,384,746 Three Months Ended December 2018 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 839,579 $ 490,985 $ 414,333 $ 652 $ 1,745,549 Direct-to-consumer 769,775 642,571 49,152 — 1,461,498 Royalty 3,251 9,024 8,390 — 20,665 Total $ 1,612,605 $ 1,142,580 $ 471,875 $ 652 $ 3,227,712 Geographic revenues United States $ 889,298 $ 638,179 $ 379,237 $ 652 $ 1,907,366 International 723,307 504,401 92,638 — 1,320,346 Total $ 1,612,605 $ 1,142,580 $ 471,875 $ 652 $ 3,227,712 Nine Months Ended December 2019 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 2,375,117 $ 1,897,118 $ 1,185,716 $ 22,730 $ 5,480,681 Direct-to-consumer 1,410,658 1,969,700 134,026 7,692 3,522,076 Royalty 9,890 18,404 18,442 — 46,736 Total $ 3,795,665 $ 3,885,222 $ 1,338,184 $ 30,422 $ 9,049,493 Geographic revenues United States $ 1,943,491 $ 2,109,479 $ 1,064,516 $ — $ 5,117,486 International 1,852,174 1,775,743 273,668 30,422 3,932,007 Total $ 3,795,665 $ 3,885,222 $ 1,338,184 $ 30,422 $ 9,049,493 Nine Months Ended December 2018 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 2,280,071 $ 1,829,861 $ 1,209,150 $ 10,222 $ 5,329,304 Direct-to-consumer 1,358,287 1,728,779 119,347 — 3,206,413 Royalty 9,350 20,838 18,332 — 48,520 Total $ 3,647,708 $ 3,579,478 $ 1,346,829 $ 10,222 $ 8,584,237 Geographic revenues United States $ 1,826,230 $ 1,934,778 $ 1,065,774 $ 10,222 $ 4,837,004 International 1,821,478 1,644,700 281,055 — 3,747,233 Total $ 3,647,708 $ 3,579,478 $ 1,346,829 $ 10,222 $ 8,584,237

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Dec. 28, 2019
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS Icebreaker On April 3, 2018, VF acquired 100% of the stock of Icebreaker Holdings Limited ("Icebreaker") for NZ $274.4 million ( $198.5 million ) in cash, subject to working capital and other adjustments. The purchase price was primarily funded with short-term borrowings. The purchase price decreased NZ $1.4 million ( $0.9 million ) during the year ended March 2019, related to working capital adjustments, resulting in a revised purchase price of NZ $273.0 million ( $197.6 million ). The purchase price allocation was finalized during the three months ended March 2019. Icebreaker was a privately held company based in Auckland, New Zealand. Icebreaker ® , the primary brand, specializes in high-performance apparel based on natural fibers, including Merino wool, plant-based fibers and recycled fibers. It is an ideal complement to VF's Smartwool ® brand, which also features Merino wool in its clothing and accessories. Together, the Smartwool ® and Icebreaker ® brands position VF as a global leader in the Merino wool and natural fiber categories. The following table summarizes the estimated fair values of the Icebreaker assets acquired and liabilities assumed at the date of acquisition: (In thousands) April 3, 2018 Cash and equivalents $ 6,444 Accounts receivable 16,781 Inventories 31,728 Other current assets 3,931 Property, plant and equipment 3,858 Intangible assets 98,041 Other assets 4,758 Total assets acquired 165,541 Short-term borrowings 7,235 Accounts payable 2,075 Other current liabilities 21,262 Deferred income tax liabilities 26,870 Other noncurrent liabilities 433 Total liabilities assumed 57,875 Net assets acquired 107,666 Goodwill 89,943 Purchase price $ 197,609 The goodwill is attributable to the acquired workforce of Icebreaker and the significant synergies expected to arise as a result of the acquisition. All of the goodwill has been assigned to the Outdoor segment and none is expected to be deductible for tax purposes. The Icebreaker ® trademark, which management determined to have an indefinite life, was valued at $70.1 million . Amortizable intangible assets were assigned values of $27.8 million for customer relationships and $0.2 million for distribution agreements. Customer relationships are being amortized using an accelerated method over 11.5 years. Distribution agreements are being amortized on a straight-line basis over four years . Total transaction expenses for the Icebreaker acquisition of $7.4 million were recognized in the selling, general and administrative expenses line item in the Consolidated Statements of Income, of which $4.1 million was recognized during the nine months ended December 2018 and the remainder was recognized prior to Fiscal 2019. In addition, the Company recognized a $9.9 million gain on derivatives used to hedge the purchase price of Icebreaker in the other income (expense), net line item in the Consolidated Statements of Income, of which $0.3 million was recognized during the nine months ended December 2018 and the remainder was recognized prior to Fiscal 2019. Pro forma results of operations of the Company would not be materially different as a result of the Icebreaker acquisition and therefore are not presented. Altra On June 1, 2018, VF acquired 100% of the stock of Icon-Altra LLC, plus certain assets in Europe ("Altra"). The purchase price was $131.7 million in cash, subject to working capital and other adjustments and was primarily funded with short-term borrowings. The purchase price decreased $0.1 million during the year ended March 2019, related to working capital adjustments, resulting in a revised purchase price of $131.6 million . The allocation of the purchase price was finalized during the three months ended December 2018, resulting in a decrease of goodwill by $1.5 million related to a final adjustment to working capital balances. Altra ® , the primary brand, is an athletic and performance-based lifestyle footwear brand. Altra provides VF with a unique and differentiated technical footwear brand and a capability that, when applied across VF's footwear platforms, will serve as a catalyst for growth. The following table summarizes the estimated fair values of the Altra assets acquired and liabilities assumed at the date of acquisition: (In thousands) June 1, 2018 Accounts receivable $ 11,629 Inventories 9,310 Other current assets 575 Property, plant and equipment 1,107 Intangible assets 59,700 Total assets acquired 82,321 Accounts payable 5,068 Other current liabilities 7,415 Total liabilities assumed 12,483 Net assets acquired 69,838 Goodwill 61,719 Purchase price $ 131,557 The goodwill is attributable to the significant growth and synergies expected to arise as a result of the acquisition. All of the goodwill was assigned to the Outdoor segment and is expected to be deductible for tax purposes. The Altra ® trademark, which management determined to have an indefinite life, was valued at $46.4 million . Amortizable intangible assets were assigned values of $13.0 million for customer relationships and $0.3 million for distribution agreements. Customer relationships are being amortized using an accelerated method over 15 years. Distribution agreements are being amortized on a straight-line basis over four years . Total transaction expenses for the Altra acquisition were $2.3 million , all of which were recognized in the selling, general and administrative expenses line item in the Consolidated Statement of Income during the nine months ended December 2018. Pro forma results of operations of the Company would not be materially different as a result of the Altra acquisition and therefore are not presented.

DISCONTINUED OPERATIONS AND OTH

DISCONTINUED OPERATIONS AND OTHER DIVESTITURES	9 Months Ended
	Dec. 28, 2019
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS AND OTHER DIVESTITURES	DISCONTINUED OPERATIONS AND OTHER DIVESTITURES The Company continuously assesses the composition of its portfolio to ensure it is aligned with its strategic objectives and positioned to maximize growth and return to shareholders. Discontinued Operations Jeans Business On May 22, 2019, VF completed the spin-off its Jeans business, which included the Wrangler ® , Lee ® and Rock & Republic ® brands, as well as the VF Outlet TM business, into an independent, publicly traded company now operating under the name Kontoor Brands, Inc. ("Kontoor Brands") and trading under the symbol "KTB" on the New York Stock Exchange. The spin-off was effected through a distribution to VF shareholders of one share of Kontoor Brands common stock for every seven shares of VF common stock held on the record date of May 10, 2019. Accordingly, the Company has reported the results of the Jeans business and the related cash flows as discontinued operations in the Consolidated Statements of Income and Consolidated Statements of Cash Flows, respectively, and presented the related assets and liabilities as assets and liabilities of discontinued operations in the Consolidated Balance Sheets, through the date the spin-off was completed. In connection with the spin-off, Kontoor Brands entered into a credit agreement with respect to $1.55 billion in senior secured credit facilities consisting of a senior secured five -year $750.0 million term loan A facility, a senior secured seven -year $300.0 million term loan B facility and a five -year $500.0 million senior secured revolving credit facility (collectively, the "Kontoor Credit Facilities"). Prior to the effective date of the spin-off, Kontoor Brands incurred $1.05 billion of indebtedness under the Kontoor Credit Facilities, which was primarily used to fund a transfer of $906.1 million to VF and its subsidiaries, net of $126.8 million of cash received from VF. As a result of the spin-off, VF divested net assets of $54.9 million , including the indebtedness under the Kontoor Credit Facilities. Also included in the net assets divested was $75.3 million of net accumulated other comprehensive losses attributable to the Jeans business, primarily related to foreign currency translation. The results of the Wrangler ® , Lee ® and Rock & Republic ® brands were previously reported in the Jeans segment, the results of the Wrangler ® RIGGS brand were previously reported in the Work segment, and the results of the non-VF products sold in VF Outlet TM stores were previously reported in the Other category included in the reconciliation of segment revenues and segment profit. The results of the Jeans business recorded in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Income were income of $12.3 million and a loss of $35.8 million for the three and nine months ended December 2019 , respectively, and income of $54.0 million and $243.6 million for the three and nine months ended December 2018 , respectively. Certain corporate overhead costs and segment costs previously allocated to the Jeans business for segment reporting purposes did not qualify for classification within discontinued operations and have been reallocated to continuing operations. The results of the Jeans business reported as discontinued operations include $59.5 million of separation and related expenses during the nine months ended December 2019 . In connection with the spin-off of the Jeans business, the Company entered into several agreements with Kontoor Brands that govern the relationship of the parties following the spin-off including the Separation and Distribution Agreement, the Tax Matters Agreement, the Transition Services Agreement, the VF Intellectual Property License Agreement and the Employee Matters Agreement. Under the terms of the Transition Services Agreement, the Company and Kontoor Brands agreed to provide each other certain transitional services including information technology, information management, human resources, employee benefits administration, supply chain, facilities, and other limited finance and accounting related services for periods up to 24 months. Payments and operating expense reimbursements for transition services are recorded within the reportable segments or within the corporate and other expenses line item, in the reconciliation of segment profit in Note 15 , based on the function providing the service. Nautica ® Brand Business During the three months ended December 30, 2017, the Company reached the strategic decision to exit the Nautica ® brand business, and determined that it met the held-for-sale and discontinued operations accounting criteria. Accordingly, the Company has reported the results of the Nautica ® brand business and the related cash flows as discontinued operations in the Consolidated Statements of Income and Consolidated Statements of Cash Flows, respectively. On April 30, 2018, VF completed the sale of the Nautica ® brand business. The Company received proceeds of $285.8 million , net of cash sold, resulting in a final after-tax loss on sale of $38.2 million , of which a $0.4 million and $5.4 million decrease in the estimated loss on sale was included in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Income for the three and nine months ended December 2018 , respectively. The results of the Nautica ® brand business recorded in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Income were income of $0.4 million (reflecting a $0.4 million decrease in the estimated loss on sale) and $0.8 million (including a $5.4 million decrease in the estimated loss on sale) for the three and nine months ended December 2018 , respectively. Under the terms of the transition services agreement, the Company provided certain services for periods up to 12 months from the closing date of the transaction. Revenue and related expense items associated with the transition services were recorded in the Other category, and operating expense reimbursements were recorded within the corporate and other expenses line item, in the reconciliation of segment revenues and segment profit in Note 15 . Summarized Discontinued Operations Financial Information The following table summarizes the major line items for the Jeans business and Nautica ® brand business that are included in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Income: Three Months Ended December Nine Months Ended December (In thousands) 2019 2018 2019 2018 Net revenues $ — $ 712,447 $ 335,203 $ 2,073,367 Cost of goods sold — 431,711 203,124 1,231,315 Selling, general and administrative expenses — 209,651 152,798 544,685 Interest, net — 1,373 (552 ) 3,650 Other income (expense), net — (747 ) (667 ) (3,801 ) Income (loss) from discontinued operations before income taxes — 71,711 (21,938 ) 297,216 Gain on the sale of discontinued operations before income taxes — 383 — 4,589 Total income (loss) from discontinued operations before income taxes — 72,094 (21,938 ) 301,805 Income tax benefit (expense) (a) 12,256 (17,705 ) (13,834 ) (57,425 ) Income (loss) from discontinued operations, net of tax $ 12,256 $ 54,389 $ (35,772 ) $ 244,380 (a) Income tax benefit for the three months ended December 2019 reflects a return to accrual adjustment to the previously recorded tax expense. Income tax expense for the nine months ended December 2019 includes additional tax expense on nondeductible transaction costs and uncertain tax positions. The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations for each of the periods presented: (In thousands) December 2019 March 2019 December 2018 Cash and equivalents $ — $ 97,892 $ 83,334 Accounts receivable, net — 242,941 208,258 Inventories — 510,370 464,454 Other current assets — 44,827 44,444 Property, plant and equipment, net — 142,091 138,975 Intangible assets — 51,913 53,059 Goodwill — 213,570 219,612 Other assets — 74,144 62,393 Total assets of discontinued operations $ — $ 1,377,748 $ 1,274,529 Short-term borrowings $ — $ 5,995 $ 3,215 Accounts payable — 113,866 109,272 Accrued liabilities — 141,621 118,531 Other liabilities — 48,581 45,896 Total liabilities of discontinued operations $ — $ 310,063 $ 276,914 Other Divestitures Reef ® Brand Business During the three months ended September 29, 2018, the Company reached the decision to sell the Reef ® brand business, which was included in the Active segment. VF signed a definitive agreement for the sale of the Reef ® brand business on October 2, 2018, and completed the transaction on October 26, 2018. VF received cash proceeds of $139.4 million , and recorded a $14.4 million final loss on sale, of which $4.5 million and $14.4 million were recorded in the three and nine months ended December 2018, respectively. The loss was included in the other income (expense), net line item in the Consolidated Statements of Income. Van Moer Business During the three months ended September 29, 2018, the Company reached the decision to sell the Van Moer business, which was acquired in connection with the Williamson-Dickie business and included in the Work segment. VF completed the sale of the Van Moer business on October 5, 2018, and received cash proceeds of €7.0 million ( $8.1 million ). VF recorded a $22.4 million final loss on sale, which was included in the other income (expense), net line item in the Consolidated Statement of Income for the nine months ended December 2018.

SALE OF ACCOUNTS RECEIVABLE

SALE OF ACCOUNTS RECEIVABLE	9 Months Ended
	Dec. 28, 2019
Receivables [Abstract]
SALE OF ACCOUNTS RECEIVABLE	SALE OF ACCOUNTS RECEIVABLE In connection with the spin-off of its Jeans business, VF terminated its agreement with the financial institution to sell trade accounts receivable on a recurring, non-recourse basis. As of December 2019 , the Company had no

INVENTORIES

INVENTORIES	9 Months Ended
	Dec. 28, 2019
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES (In thousands) December 2019 March 2019 December 2018 Finished products $ 1,422,605 $ 1,284,293 $ 1,250,764 Work-in-process 80,338 73,968 73,480 Raw materials 62,027 74,399 77,377 Total inventories $ 1,564,970 $ 1,432,660 $ 1,401,621

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended
	Dec. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS December 2019 March 2019 (In thousands) Weighted Average Amortization Period Amortization Method Cost Accumulated Amortization Net Carrying Amount Net Carrying Amount Amortizable intangible assets: Customer relationships 17 years Accelerated $ 330,196 $ 151,286 $ 178,910 $ 197,129 License agreements 19 years Accelerated 7,516 4,893 2,623 2,807 Trademark 3 years Straight-line 800 575 225 399 Other 8 years Straight-line 8,213 4,976 3,237 4,032 Amortizable intangible assets, net 184,995 204,367 Indefinite-lived intangible assets: Trademarks and trade names 1,763,237 1,767,997 Intangible assets, net $ 1,948,232 $ 1,972,364 Intangible assets decreased during the nine months ended December 2019 due to amortization and the impact of foreign currency fluctuations. Amortization expense for the three and nine months ended December 2019 was $6.1 million and $18.6 million , respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2020 is $25.5 million , $24.1 million , $22.6 million , $21.2 million and $20.4 million , respectively.

GOODWILL

GOODWILL	9 Months Ended
	Dec. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	GOODWILL Changes in goodwill are summarized by reportable segment as follows: (In thousands) Outdoor Active Work Total Balance, March 2019 $ 983,889 $ 393,956 $ 163,469 $ 1,541,314 Currency translation (1,201 ) (309 ) (225 ) (1,735 ) Balance, December 2019 $ 982,688 $ 393,647 $ 163,244 $ 1,539,579 No impairment charges were recorded during the nine months ended December 2019

LEASES

LEASES	9 Months Ended
	Dec. 28, 2019
Leases [Abstract]
LEASES	LEASES VF determines if an arrangement is or contains a lease at contract inception and determines its classification as an operating or finance lease at lease commencement. The Company leases certain retail locations, office space, distribution facilities, machinery and equipment, and vehicles. While the substantial majority of these leases are operating leases, certain distribution centers and office spaces are finance leases. Leases for real estate typically have initial terms ranging from 3 to 15 years, generally with renewal options. Leases for equipment typically have initial terms ranging from 2 to 5 years and vehicle leases typically have initial terms ranging from 1 to 8 years. In determining the lease term used in the lease right-of-use asset and lease liability calculations, the Company considers various factors such as market conditions and the terms of any renewal or termination options that may exist. When deemed reasonably certain, the renewal and termination options are included in the determination of the lease term and calculation of the lease right-of-use assets and lease liabilities. Most leases have fixed rental payments. Many of the real estate leases also require additional variable payments for occupancy-related costs, real estate taxes and insurance, as well as other payments (i.e., contingent rent) owed when sales at individual retail store locations exceed a stated base amount. Variable lease payments are excluded from the measurement of the lease liability and are recognized in profit and loss in the period in which the event or conditions that triggers those payments occur. VF estimates the amount it expects to pay to the lessor under a residual value guarantee and includes it in lease payments used to measure the lease liability only for amounts probable of being owed by VF at the commencement date. VF calculates lease right-of-use assets and lease liabilities as the present value of lease payments over the lease term at commencement date. When readily determinable, the Company uses the implicit rate to determine the present value of lease payments, which generally does not happen in practice. As the rate implicit in the majority of the Company's leases is not readily determinable, the Company uses its incremental borrowing rate based on the information available at the lease commencement date, including the lease term, currency, country specific risk premium and adjustments for collateralized debt. Operating lease expense is recorded as a single lease cost on a straight-line basis over the lease term. For finance leases, right-of-use asset amortization and interest on lease liabilities are included separately in the Consolidated Statements of Income. The Company assesses whether a sale leaseback transaction qualifies as a sale when the transaction occurs. For transactions qualifying as a sale, VF derecognizes the underlying asset and recognizes the entire gain or loss at the time of the sale. The corresponding lease entered into with the buyer-lessor is accounted for as an operating lease. During the nine months ended December 2019, the Company entered into a sale leaseback transaction for certain office real estate and related assets. The transaction qualified as a sale, and thus the Company recognized a gain of $11.3 million resulting from the transaction during the nine months ended December 2019. As of December 2019, the Company has signed certain distribution center leases that have not yet commenced but will create significant rights and obligations. The leases will commence in Fiscal 2020 and Fiscal 2021 and have lease terms of 15 years. Other leases signed that have not yet commenced are not individually significant. The Company does not have material subleases. The assets and liabilities related to operating and finance leases were as follows: (In thousands) Location in Consolidated Balance Sheet December 2019 Assets: Operating lease assets Operating lease right-of-use assets $ 1,298,631 Finance lease assets Property, plant and equipment 22,499 Total lease assets $ 1,321,130 Liabilities: Current Operating lease liabilities Accrued liabilities $ 312,704 Finance lease liabilities Current portion of long-term debt 4,677 Noncurrent Operating lease liabilities Operating lease liabilities 1,052,854 Finance lease liabilities Long-term debt 24,959 Total lease liabilities $ 1,395,194 The components of lease costs were as follows: (In thousands) Three Months Ended December 2019 Nine Months Ended December 2019 Operating lease cost $ 105,510 $ 315,938 Finance lease cost – amortization of right-of-use assets 970 3,002 Finance lease cost – interest on lease liabilities 253 807 Short-term lease cost 672 1,937 Variable lease cost 31,707 89,693 Impairment 3,035 3,035 Gain recognized from sale-leaseback transactions — (11,329 ) Total lease cost $ 142,147 $ 403,083 Supplemental cash flow information related to leases was as follows: (In thousands) Nine Months Ended December 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows – operating leases $ 320,589 Operating cash flows – finance leases 807 Financing cash flows – finance leases 3,967 Right-of-use assets obtained in exchange for lease liabilities: Operating leases (a) 358,159 Finance leases — (a) Excludes amounts recorded upon adoption of ASC 842. Lease terms and discount rates were as follows: December 2019 Weighted average remaining lease term: Operating leases 5.54 years Finance leases 13.64 years Weighted average discount rate: Operating leases 2.43 % Finance leases 3.12 % Maturities of operating and finance lease liabilities for the next five fiscal years (including the remainder of Fiscal 2020) and thereafter as of December 2019 were as follows: (In thousands) Operating Leases Finance Leases Total Remainder of 2020 $ 42,116 $ 1,006 $ 43,122 2021 417,892 6,532 424,424 2022 300,452 1,910 302,362 2023 223,579 1,626 225,205 2024 146,783 1,550 148,333 Thereafter 334,070 23,495 357,565 Total lease payments 1,464,892 36,119 1,501,011 Less: present value adjustment 99,334 6,483 105,817 Present value of lease liabilities $ 1,365,558 $ 29,636 $ 1,395,194 The Company excluded approximately $295.0 million of leases (undiscounted basis) that have not yet commenced. These leases will commence beginning in Fiscal 2020 with lease terms of 2 to 15 years. Future minimum lease payments under operating leases with noncancelable lease terms in excess of one year from continuing operations as of March 2019, prior to the adoption of ASC 842, were as follows: (In thousands) Operating Leases 2020 $ 320,224 2021 287,829 2022 212,918 2023 154,920 2024 100,789 Thereafter 251,228 Total lease payments $ 1,327,908
LEASES	LEASES VF determines if an arrangement is or contains a lease at contract inception and determines its classification as an operating or finance lease at lease commencement. The Company leases certain retail locations, office space, distribution facilities, machinery and equipment, and vehicles. While the substantial majority of these leases are operating leases, certain distribution centers and office spaces are finance leases. Leases for real estate typically have initial terms ranging from 3 to 15 years, generally with renewal options. Leases for equipment typically have initial terms ranging from 2 to 5 years and vehicle leases typically have initial terms ranging from 1 to 8 years. In determining the lease term used in the lease right-of-use asset and lease liability calculations, the Company considers various factors such as market conditions and the terms of any renewal or termination options that may exist. When deemed reasonably certain, the renewal and termination options are included in the determination of the lease term and calculation of the lease right-of-use assets and lease liabilities. Most leases have fixed rental payments. Many of the real estate leases also require additional variable payments for occupancy-related costs, real estate taxes and insurance, as well as other payments (i.e., contingent rent) owed when sales at individual retail store locations exceed a stated base amount. Variable lease payments are excluded from the measurement of the lease liability and are recognized in profit and loss in the period in which the event or conditions that triggers those payments occur. VF estimates the amount it expects to pay to the lessor under a residual value guarantee and includes it in lease payments used to measure the lease liability only for amounts probable of being owed by VF at the commencement date. VF calculates lease right-of-use assets and lease liabilities as the present value of lease payments over the lease term at commencement date. When readily determinable, the Company uses the implicit rate to determine the present value of lease payments, which generally does not happen in practice. As the rate implicit in the majority of the Company's leases is not readily determinable, the Company uses its incremental borrowing rate based on the information available at the lease commencement date, including the lease term, currency, country specific risk premium and adjustments for collateralized debt. Operating lease expense is recorded as a single lease cost on a straight-line basis over the lease term. For finance leases, right-of-use asset amortization and interest on lease liabilities are included separately in the Consolidated Statements of Income. The Company assesses whether a sale leaseback transaction qualifies as a sale when the transaction occurs. For transactions qualifying as a sale, VF derecognizes the underlying asset and recognizes the entire gain or loss at the time of the sale. The corresponding lease entered into with the buyer-lessor is accounted for as an operating lease. During the nine months ended December 2019, the Company entered into a sale leaseback transaction for certain office real estate and related assets. The transaction qualified as a sale, and thus the Company recognized a gain of $11.3 million resulting from the transaction during the nine months ended December 2019. As of December 2019, the Company has signed certain distribution center leases that have not yet commenced but will create significant rights and obligations. The leases will commence in Fiscal 2020 and Fiscal 2021 and have lease terms of 15 years. Other leases signed that have not yet commenced are not individually significant. The Company does not have material subleases. The assets and liabilities related to operating and finance leases were as follows: (In thousands) Location in Consolidated Balance Sheet December 2019 Assets: Operating lease assets Operating lease right-of-use assets $ 1,298,631 Finance lease assets Property, plant and equipment 22,499 Total lease assets $ 1,321,130 Liabilities: Current Operating lease liabilities Accrued liabilities $ 312,704 Finance lease liabilities Current portion of long-term debt 4,677 Noncurrent Operating lease liabilities Operating lease liabilities 1,052,854 Finance lease liabilities Long-term debt 24,959 Total lease liabilities $ 1,395,194 The components of lease costs were as follows: (In thousands) Three Months Ended December 2019 Nine Months Ended December 2019 Operating lease cost $ 105,510 $ 315,938 Finance lease cost – amortization of right-of-use assets 970 3,002 Finance lease cost – interest on lease liabilities 253 807 Short-term lease cost 672 1,937 Variable lease cost 31,707 89,693 Impairment 3,035 3,035 Gain recognized from sale-leaseback transactions — (11,329 ) Total lease cost $ 142,147 $ 403,083 Supplemental cash flow information related to leases was as follows: (In thousands) Nine Months Ended December 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows – operating leases $ 320,589 Operating cash flows – finance leases 807 Financing cash flows – finance leases 3,967 Right-of-use assets obtained in exchange for lease liabilities: Operating leases (a) 358,159 Finance leases — (a) Excludes amounts recorded upon adoption of ASC 842. Lease terms and discount rates were as follows: December 2019 Weighted average remaining lease term: Operating leases 5.54 years Finance leases 13.64 years Weighted average discount rate: Operating leases 2.43 % Finance leases 3.12 % Maturities of operating and finance lease liabilities for the next five fiscal years (including the remainder of Fiscal 2020) and thereafter as of December 2019 were as follows: (In thousands) Operating Leases Finance Leases Total Remainder of 2020 $ 42,116 $ 1,006 $ 43,122 2021 417,892 6,532 424,424 2022 300,452 1,910 302,362 2023 223,579 1,626 225,205 2024 146,783 1,550 148,333 Thereafter 334,070 23,495 357,565 Total lease payments 1,464,892 36,119 1,501,011 Less: present value adjustment 99,334 6,483 105,817 Present value of lease liabilities $ 1,365,558 $ 29,636 $ 1,395,194 The Company excluded approximately $295.0 million of leases (undiscounted basis) that have not yet commenced. These leases will commence beginning in Fiscal 2020 with lease terms of 2 to 15 years. Future minimum lease payments under operating leases with noncancelable lease terms in excess of one year from continuing operations as of March 2019, prior to the adoption of ASC 842, were as follows: (In thousands) Operating Leases 2020 $ 320,224 2021 287,829 2022 212,918 2023 154,920 2024 100,789 Thereafter 251,228 Total lease payments $ 1,327,908

PENSION PLANS

PENSION PLANS	9 Months Ended
	Dec. 28, 2019
Retirement Benefits [Abstract]
PENSION PLANS	PENSION PLANS The components of pension cost (income) for VF’s defined benefit plans were as follows: Three Months Ended December Nine Months Ended December (In thousands) 2019 2018 2019 2018 Service cost – benefits earned during the period $ 3,401 $ 6,097 $ 10,192 $ 17,882 Interest cost on projected benefit obligations 14,581 15,807 44,085 47,638 Expected return on plan assets (23,176 ) (23,185 ) (69,505 ) (70,216 ) Settlement charges 24,943 662 25,462 8,846 Curtailments — — — 9,483 Amortization of deferred amounts: Net deferred actuarial losses 4,203 6,676 12,236 22,153 Deferred prior service costs (credits) 13 (58 ) 38 552 Net periodic pension cost (income) $ 23,965 $ 5,999 $ 22,508 $ 36,338 The amounts reported in these disclosures for prior periods have not been segregated between continuing and discontinued operations. VF has reported the service cost component of net periodic pension cost (income) in operating income and the other components (which include interest cost, expected return on plan assets, amortization of prior service costs (credits) and actuarial losses) in the other income (expense), net line item in the Consolidated Statements of Income. VF contributed $13.1 million to its defined benefit plans during the nine months ended December 2019 , and intends to make approximately $13.2 million of contributions during the remainder of Fiscal 2020 . In the first quarter of Fiscal 2019, VF approved a freeze of all future benefit accruals under the U.S. qualified defined benefit pension plan and the supplemental defined benefit pension plan, effective December 31, 2018. Accordingly, the Company recognized a $9.5 million pension curtailment loss in the other income (expense), net line item in the Consolidated Statement of Income for the nine months ended December 2018. During the three months ended December 2019, the Company offered former employees in the U.S. qualified plan a one-time option to receive a distribution of their deferred vested benefits. Approximately 2,400 participants accepted a distribution, representing approximately 40% of offered participants and an approximate 10% reduction in the total number of plan participants. In December 2019, the plan paid approximately $130 million in lump-sum distributions to settle approximately $170 million of projected benefit obligations related to these participants. VF recorded a $22.9 million settlement charge in the other income (expense), net line item in the Consolidated Statement of Income during the three months ended December 2019 to recognize the related deferred actuarial losses in accumulated OCI. Additionally, VF reported $2.0 million and $2.5 million of settlement charges in the other income (expense), net line item in the Consolidated Statements of Income for the three and nine months ended December 2019 , respectively, as well as $0.7 million and $8.8 million for the three and nine months ended December 2018 , respectively. The settlement charges related to the recognition of deferred actuarial losses resulting from lump sum payments of retirement benefits in the supplemental defined benefit pension plan. Actuarial assumptions used in the interim valuations were reviewed and revised as appropriate. The discount rates used to determine the pension obligations were as follows: December 31, 2019 September 30, 2019 U.S. qualified defined benefit pension plan 3.34 % N/A Supplemental defined benefit pension plan 3.35 % 3.23 %

CAPITAL AND ACCUMULATED OTHER C

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Dec. 28, 2019
Equity [Abstract]
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Common Stock During the nine months ended December 2019 , the Company purchased 5.8 million shares of Common Stock in open market transactions for $500.0 million under its share repurchase program authorized by VF’s Board of Directors. These transactions were treated as treasury stock transactions. Common Stock outstanding is net of shares held in treasury which are, in substance, retired. During the nine months ended December 2019 , VF restored 5.8 million treasury shares to an unissued status, after which they were no longer recognized as shares held in treasury. There were no shares held in treasury at the end of December 2019 , March 2019 or December 2018 . The excess of the cost of treasury shares acquired over the $0.25 per share stated value of Common Stock is deducted from retained earnings. Prior to March 2019, VF Common Stock was also held by the Company’s deferred compensation plans and was treated as treasury shares for financial reporting purposes. As of December 2019 , there were no shares held in the Company's deferred compensation plans. Balances related to shares held for deferred compensation plans were as follows: (In thousands, except share amounts) December 2019 March 2019 December 2018 Shares held for deferred compensation plans — — 147,464 Cost of shares held for deferred compensation plans $ — $ — $ 2,126 Accumulated Other Comprehensive Income (Loss) Comprehensive income consists of net income and specified components of other comprehensive income (“OCI”), which relates to changes in assets and liabilities that are not included in net income under GAAP but are instead deferred and accumulated within a separate component of stockholders’ equity in the balance sheet. VF’s comprehensive income is presented in the Consolidated Statements of Comprehensive Income. The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows: (In thousands) December 2019 March 2019 December 2018 Foreign currency translation and other $ (663,319 ) $ (725,679 ) $ (737,127 ) Defined benefit pension plans (249,530 ) (243,184 ) (219,644 ) Derivative financial instruments 17,477 66,788 70,206 Accumulated other comprehensive income (loss) $ (895,372 ) $ (902,075 ) $ (886,565 ) The changes in accumulated OCI, net of related taxes, were as follows: Three Months Ended December 2019 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, September 2019 $ (715,286 ) $ (298,326 ) $ 82,887 $ (930,725 ) Other comprehensive income (loss) before reclassifications 51,967 26,827 (46,536 ) 32,258 Amounts reclassified from accumulated other comprehensive income (loss) — 21,969 (18,874 ) 3,095 Net other comprehensive income (loss) 51,967 48,796 (65,410 ) 35,353 Balance, December 2019 $ (663,319 ) $ (249,530 ) $ 17,477 $ (895,372 ) Three Months Ended December 2018 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, September 2018 $ (665,962 ) $ (226,039 ) $ 29,085 $ (862,916 ) Other comprehensive income (loss) before reclassifications (71,165 ) 1,065 36,619 (33,481 ) Amounts reclassified from accumulated other comprehensive income (loss) — 5,330 4,502 9,832 Net other comprehensive income (loss) (71,165 ) 6,395 41,121 (23,649 ) Balance, December 2018 $ (737,127 ) $ (219,644 ) $ 70,206 $ (886,565 ) Nine Months Ended December 2019 In thousands Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, Balance, March 2019 $ (725,679 ) $ (243,184 ) $ 66,788 $ (902,075 ) Adoption of new accounting standard, ASU 2018-02 (9,088 ) (50,402 ) (2,371 ) (61,861 ) Other comprehensive income (loss) before reclassifications (11,646 ) 15,108 8,712 12,174 Amounts reclassified from accumulated other comprehensive income (loss) — 28,154 (47,057 ) (18,903 ) Spin-off of Jeans Business 83,094 794 (8,595 ) 75,293 Net other comprehensive income (loss) 62,360 (6,346 ) (49,311 ) 6,703 Balance, December 2019 $ (663,319 ) $ (249,530 ) $ 17,477 $ (895,372 ) Nine Months Ended December 2018 In thousands Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, March 2018 $ (476,869 ) $ (289,618 ) $ (97,543 ) $ (864,030 ) Other comprehensive income (loss) before reclassifications (260,258 ) 39,877 135,041 (85,340 ) Amounts reclassified from accumulated other comprehensive income (loss) — 30,097 32,708 62,805 Net other comprehensive income (loss) (260,258 ) 69,974 167,749 (22,535 ) Balance, December 2018 $ (737,127 ) $ (219,644 ) $ 70,206 $ (886,565 ) Reclassifications out of accumulated OCI were as follows: (In thousands) Details About Accumulated Other Comprehensive Income (Loss) Components Affected Line Item in the Consolidated Statements of Income Three Months Ended December Nine Months Ended December 2019 2018 2019 2018 Amortization of defined benefit pension plans: Net deferred actuarial losses Other income (expense), net $ (4,203 ) $ (6,676 ) $ (12,236 ) $ (22,153 ) Deferred prior service (costs) credits Other income (expense), net (13 ) 58 (38 ) (552 ) Pension curtailment losses and settlement charges Other income (expense), net (24,943 ) (662 ) (25,462 ) (18,329 ) Total before tax (29,159 ) (7,280 ) (37,736 ) (41,034 ) Tax benefit 7,190 1,950 9,582 10,937 Net of tax (21,969 ) (5,330 ) (28,154 ) (30,097 ) Gains (losses) on derivative financial instruments: Foreign exchange contracts Net sales (5,507 ) 772 (11,226 ) 6,244 Foreign exchange contracts Cost of goods sold 27,157 (4,570 ) 60,989 (31,146 ) Foreign exchange contracts Selling, general and administrative expenses 1,231 (1,020 ) 3,329 (5,240 ) Foreign exchange contracts Other income (expense), net 1,006 690 7,574 (1,673 ) Interest rate contracts Interest expense (1,324 ) (1,263 ) (3,920 ) (3,739 ) Total before tax 22,563 (5,391 ) 56,746 (35,554 ) Tax (expense) benefit (3,689 ) 889 (9,689 ) 2,846 Net of tax 18,874 (4,502 ) 47,057 (32,708 ) Total reclassifications for the period, net of tax $ (3,095 ) $ (9,832 ) $ 18,903 $ (62,805 )

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Dec. 28, 2019
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Spin-Off of Jeans Business In connection with the spin-off of the Jeans business on May 22, 2019, the Company adjusted its outstanding equity awards in accordance with the terms of the Employee Matters Agreement between the Company and Kontoor Brands. Adjustments to the underlying shares and terms of outstanding stock options, restricted stock units ("RSUs") and restricted stock were made to preserve the intrinsic value of the awards immediately before the separation. The adjustment of the underlying shares and exercise prices, as applicable, was determined using a ratio based on the relative values of the VF pre-distribution stock value and the VF post-distribution stock value as determined by the Company. The outstanding awards continue to vest over their original vesting periods. The Company will recognize $13.0 million of total incremental compensation cost related to the adjustment of the VF equity awards, of which $0.2 million and $12.5 million were recognized during the three and nine months ended December 2019 , respectively. In connection with the spin-off, stock options to purchase 756,709 shares of VF Common Stock, 52,018 performance-based RSUs, 79,187 nonperformance-based RSUs and 112,763 restricted shares of VF Common Stock were converted into Kontoor Brands equity awards. Incentive Equity Awards Granted During the nine months ended December 2019 , VF granted stock options to employees and nonemployee members of VF's Board of Directors to purchase 1,505,009 shares of its Common Stock at a weighted average exercise price of $84.28 per share. The exercise price of each option granted was equal to the fair market value of VF Common Stock on the date of grant. Employee stock options vest in equal annual installments over three years . Stock options granted to nonemployee members of VF's Board of Directors vest upon grant and become exercisable one year from the date of grant. The grant date fair value of each option award was calculated using a lattice option-pricing valuation model, which incorporated a range of assumptions for inputs as follows: Nine Months Ended December 2019 Expected volatility 24% to 27% Weighted average expected volatility 25% Expected term (in years) 6.1 to 7.6 Weighted average dividend yield 2.5% Risk-free interest rate 1.6% to 2.4% Weighted average fair value at date of grant $17.19 Also during the nine months ended December 2019 , VF granted 274,512 performance-based RSUs to employees that enable them to receive shares of VF Common Stock at the end of a three -year performance cycle. Each performance-based RSU has a potential final payout ranging from zero to two shares of VF Common Stock. The number of shares earned by participants, if any, is based on achievement of three-year financial targets set by the Talent and Compensation Committee of the Board of Directors. Shares will be issued to participants in the year following the conclusion of the three -year performance period. The weighted average fair market value of VF Common Stock at the dates the units were granted was $84.28 per share. The actual number of performance-based RSUs earned may also be adjusted upward or downward by 25% of the target award, based on how VF’s total shareholder return (“TSR”) over the three -year period compares to the TSR for companies included in the Standard & Poor’s 500 Consumer Discretionary Index. The grant date fair value of the TSR-based adjustment related to the performance-based RSU grants was determined using a Monte Carlo simulation technique that incorporates option-pricing model inputs, and was $7.11 per share. VF granted 10,780 nonperformance-based RSUs to nonemployee members of the Board of Directors during the nine months ended December 2019 . These units vest upon grant and will be settled in shares of VF Common Stock one year from the date of grant. The fair market value of VF Common Stock at the date the units were granted was $84.23 per share. VF granted 7,500 nonperformance-based RSUs to certain key employees in international jurisdictions during the nine months ended December 2019 . These units vest 50% over a two -year period and 50% over a four -year period from the date of grant and each unit entitles the holder to one share of VF Common Stock. The fair market value of VF Common Stock at the date the units were granted was $84.23 per share. In addition, VF granted 174,042 nonperformance-based RSUs to employees during the nine months ended December 2019 . These awards vest 50% over a two -year period and 50% over a four -year period from the date of grant and entitle the holder to one share of VF Common Stock. The weighted average fair market value of VF Common Stock at the dates the units were granted was $84.25 per share. VF granted 70,884 restricted shares of VF Common Stock to certain members of management during the nine months ended December 2019 . These shares vest over periods of up to four years from the date of grant. The weighted average fair market value of VF Common Stock at the dates the shares were granted was $85.63 per share.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Dec. 28, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES On May 19, 2019, Switzerland voted to approve the Federal Act on Tax Reform and AHV Financing ("Swiss Tax Act"). Certain provisions of the Swiss Tax Act were enacted during the second quarter of Fiscal 2020, which resulted in adjustments to deferred tax assets and liabilities. A net tax benefit of $164.4 million was recorded during the second quarter. Subsequent to the end of VF's third quarter, the Swiss Tax Act was enacted for purposes of GAAP in the canton of Ticino. As a result, it is expected that adjustments to the amounts previously recorded will be made in VF's fourth quarter, which is the period of enactment in Ticino. The effective income tax rate for the nine months ended December 2019 was 2.1% compared to 15.5% in the 2018 period. The nine months ended December 2019 included a net discrete tax benefit of $169.7 million , which primarily related to the $164.4 million tax benefit recognized due to the enactment of the Swiss Tax Act. The $169.7 million net discrete tax benefit in the 2019 period reduced the effective income tax rate by 13.9% . The 2018 period included a net discrete tax expense of $14.8 million , which primarily related to a $17.8 million tax benefit related to stock compensation, a $3.4 million net tax expense related to unrecognized tax benefits and interest, a $5.9 million net tax expense related to return to accrual adjustments and a $23.3 million net tax expense related to adjustments to provisional amounts recorded in 2017 under the U.S. Tax Act. The $14.8 million net discrete tax expense in the 2018 period increased the effective income tax rate by 1.4% . Without discrete items, the effective income tax rate for the nine months ended December 2019 increased by 1.9% compared with the 2018 period primarily due to a lower percentage of income in lower tax rate jurisdictions. VF files a consolidated U.S. federal income tax return, as well as separate and combined income tax returns in numerous state and international jurisdictions. In the U.S., the Internal Revenue Service ("IRS") examinations for tax years through 2015 have been effectively settled. The examination of Timberland’s 2011 tax return is ongoing. In addition, VF is currently subject to examination by various state and international tax authorities. Management regularly assesses the potential outcomes of both ongoing and future examinations for the current and prior years, and has concluded that VF’s provision for income taxes is adequate. The outcome of any one examination is not expected to have a material impact on VF’s consolidated financial statements. Management believes that some of these audits and negotiations will conclude during the next 12 months . VF was granted a ruling which lowered the effective income tax rate on taxable earnings for years 2010 through 2014 under Belgium’s excess profit tax regime. In February 2015, the European Union Commission (“EU”) opened a state aid investigation into Belgium’s rulings. On January 11, 2016, the EU announced its decision that these rulings were illegal and ordered that tax benefits granted under these rulings should be collected from the affected companies, including VF. On March 22, 2016, the Belgium government filed an appeal seeking annulment of the EU decision. Additionally, on June 21, 2016, VF Europe BVBA filed its own application for annulment of the EU decision. On December 22, 2016, Belgium adopted a law which entitled the Belgium tax authorities to issue tax assessments, and demand timely payments from companies which benefited from the excess profits regime. On January 10, 2017, VF Europe BVBA received an assessment for €31.9 million tax and interest related to excess profits benefits received in prior years. VF Europe BVBA remitted €31.9 million ( $33.9 million ) on January 13, 2017, which was recorded as an income tax receivable based on the expected success of the aforementioned requests for annulment. An additional assessment of €3.1 million ( $3.8 million ) was received and paid in January 2018. On February 14, 2019 the General Court annulled the EU decision and on April 26, 2019 the EU appealed the General Court’s annulment. Both listed requests for annulment remain open and unresolved. Additionally, the EU has initiated proceedings related to individual rulings granted by Belgium, including the ruling granted to VF. If this matter is adversely resolved, these amounts will not be collected by VF. During the nine months ended December 2019 , the amount of net unrecognized tax benefits and associated interest decreased by $24.4 million to $149.5 million . Management believes that it is reasonably possible that the amount of unrecognized income tax benefits and interest may decrease during the next 12 months by approximately $15.1 million related to the completion of examinations and other settlements with tax authorities and the expiration of statutes of limitations, of which $11.0 million would reduce income tax expense.

REPORTABLE SEGMENT INFORMATION

REPORTABLE SEGMENT INFORMATION	9 Months Ended
	Dec. 28, 2019
Segment Reporting [Abstract]
REPORTABLE SEGMENT INFORMATION	REPORTABLE SEGMENT INFORMATION The chief operating decision maker allocates resources and assesses performance based on a global brand view which represents VF's operating segments. The operating segments have been evaluated and combined into reportable segments because they meet the similar economic characteristics and qualitative aggregation criteria set forth in the relevant accounting guidance. The Company's reportable segments have been identified as: Outdoor, Active and Work. We have included an Other category in the table below for purposes of reconciliation of revenues and profit, but it is not considered a reportable segment. Other includes results related to the sale of non-VF products and transition services primarily related to the sale of the Nautica ® brand business. Financial information for VF's reportable segments was as follows: Three Months Ended December Nine Months Ended December (In thousands) 2019 2018 2019 2018 Segment revenues: Outdoor $ 1,659,108 $ 1,612,605 $ 3,795,665 $ 3,647,708 Active 1,239,462 1,142,580 3,885,222 3,579,478 Work 480,086 471,875 1,338,184 1,346,829 Other 6,090 652 30,422 10,222 Total segment revenues $ 3,384,746 $ 3,227,712 $ 9,049,493 $ 8,584,237 Segment profit (loss): Outdoor $ 348,995 $ 338,009 $ 525,107 $ 512,635 Active 286,474 272,862 982,240 893,110 Work 54,556 56,178 140,791 156,425 Other (2,800 ) 520 (2,035 ) 3,470 Total segment profit 687,225 667,569 1,646,103 1,565,640 Corporate and other expenses (a) (130,575 ) (147,776 ) (373,311 ) (439,157 ) Interest expense, net (16,814 ) (25,220 ) (47,639 ) (76,894 ) Income from continuing operations before income taxes $ 539,836 $ 494,573 $ 1,225,153 $ 1,049,589 (a) Certain corporate overhead and other costs of $25.3 million and $70.9 million for the three and nine -month periods ended December 2018 , respectively, previously allocated to the former Jeans segment and Other category for segment reporting purposes, have been reallocated to continuing operations.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Dec. 28, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Three Months Ended December Nine Months Ended December (In thousands, except per share amounts) 2019 2018 2019 2018 Earnings per share – basic: Income from continuing operations $ 452,747 $ 409,120 $ 1,198,997 $ 886,608 Weighted average common shares outstanding 395,940 395,294 396,806 395,117 Earnings per share from continuing operations $ 1.14 $ 1.03 $ 3.02 $ 2.24 Earnings per share – diluted: Income from continuing operations $ 452,747 $ 409,120 $ 1,198,997 $ 886,608 Weighted average common shares outstanding 395,940 395,294 396,806 395,117 Incremental shares from stock options and other dilutive securities 4,382 4,473 4,693 5,301 Adjusted weighted average common shares outstanding 400,322 399,767 401,499 400,418 Earnings per share from continuing operations $ 1.13 $ 1.02 $ 2.99 $ 2.21 Outstanding options to purchase approximately 1.5 million shares were excluded from the calculations of diluted earnings per share for both the three and nine -month periods ended December 2019 , and outstanding options to purchase approximately 0.1 million and 0.6 million shares were excluded from the calculations of diluted earnings per share for the three and nine -month periods ended December 2018 , respectively, because the effect of their inclusion would have been anti-dilutive. In addition, 0.8 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for both the three and nine -month periods ended December 2019 , and 0.9 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for both the three and nine -month periods ended December 2018 , because these units were not considered to be contingent outstanding shares in those periods.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Dec. 28, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Financial assets and financial liabilities measured and reported at fair value are classified in a three-level hierarchy that prioritizes the inputs used in the valuation process. A financial instrument’s categorization within the valuation hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The hierarchy is based on the observability and objectivity of the pricing inputs, as follows: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Significant directly observable data (other than Level 1 quoted prices) or significant indirectly observable data through corroboration with observable market data. Inputs would normally be (i) quoted prices in active markets for similar assets or liabilities, (ii) quoted prices in inactive markets for identical or similar assets or liabilities, or (iii) information derived from or corroborated by observable market data. • Level 3 — Prices or valuation techniques that require significant unobservable data inputs. These inputs would normally be VF’s own data and judgments about assumptions that market participants would use in pricing the asset or liability. Recurring Fair Value Measurements The following table summarizes financial assets and financial liabilities that are measured and recorded in the consolidated financial statements at fair value on a recurring basis: Total Fair Value Fair Value Measurement Using (a) (In thousands) Level 1 Level 2 Level 3 December 2019 Financial assets: Cash equivalents: Money market funds $ 247,270 $ 247,270 $ — $ — Time deposits 2,689 2,689 — — Derivative financial instruments 51,643 — 51,643 — Investment securities 134,026 128,409 5,617 — Financial liabilities: Derivative financial instruments 42,979 — 42,979 — Deferred compensation 145,814 — 145,814 — Total Fair Value Fair Value Measurement Using (a) (In thousands) Level 1 Level 2 Level 3 March 2019 Financial assets: Cash equivalents: Money market funds $ 248,560 $ 248,560 $ — $ — Time deposits 8,257 8,257 — — Derivative financial instruments 92,771 — 92,771 — Investment securities 186,698 176,209 10,489 — Financial liabilities: Derivative financial instruments 22,337 — 22,337 — Deferred compensation 199,336 — 199,336 — The amounts reported in the table above for the prior period have not been segregated between continuing and discontinued operations. The March 2019 balances include $50.8 million of deferred compensation liabilities and associated assets related to the Jeans business, which were transferred in connection with the spin-off. (a) There were no transfers among the levels within the fair value hierarchy during the nine months ended December 2019 or the year ended March 2019 . VF’s cash equivalents include money market funds and short-term time deposits that approximate fair value based on Level 1 measurements. The fair value of derivative financial instruments, which consist of foreign exchange forward contracts, is determined based on observable market inputs (Level 2), including spot and forward exchange rates for foreign currencies, and considers the credit risk of the Company and its counterparties. Investment securities are held in VF’s deferred compensation plans as an economic hedge of the related deferred compensation liabilities. These investments primarily include mutual funds (Level 1) that are valued based on quoted prices in active markets and a separately managed fixed-income fund (Level 2) with underlying investments that are valued based on quoted prices for similar assets in active markets or quoted prices in inactive markets for identical assets. Liabilities related to VF’s deferred compensation plans are recorded at amounts due to participants, based on the fair value of the participants’ selection of hypothetical investments. All other financial assets and financial liabilities are recorded in the consolidated financial statements at cost, except life insurance contracts which are recorded at cash surrender value. These other financial assets and financial liabilities include cash held as demand deposits, accounts receivable, short-term borrowings, accounts payable and accrued liabilities. At December 2019 and March 2019 , their carrying values approximated fair value. Additionally, at December 2019 and March 2019 , the carrying values of VF’s long-term debt, including the current portion, were $2,115.2 million and $2,121.1 million , respectively, compared with fair values of $2,392.0 million and $2,318.6 million at those respective dates. Fair value for long-term debt is a Level 2 estimate based on quoted market prices or values of comparable borrowings. Nonrecurring Fair Value Measurements Certain non-financial assets, primarily property, plant and equipment, goodwill and intangible assets, are not required to be measured at fair value on a recurring basis and are reported at carrying value. However, these assets are required to be assessed for impairment whenever events or circumstances indicate that their carrying value may not be fully recoverable, and at least annually for goodwill and indefinite-lived intangible assets. In the event an impairment is required, the asset is adjusted to estimated fair value, using market-based assumptions.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES	9 Months Ended
	Dec. 28, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES Summary of Derivative Financial Instruments All of VF’s outstanding derivative financial instruments are foreign exchange forward contracts. Although derivatives meet the criteria for hedge accounting at the inception of the hedging relationship, a limited number of derivative contracts intended to hedge assets and liabilities are not designated as hedges for accounting purposes. The notional amounts of all outstanding derivative contracts were $2.8 billion at December 2019 , $2.8 billion at March 2019 and $2.7 billion at December 2018 , consisting primarily of contracts hedging exposures to the euro, British pound, Canadian dollar, Mexican peso, Swiss franc, South Korean won, Swedish krona, Polish zloty, Japanese yen and New Zealand dollar. Derivative contracts have maturities up to 20 months . 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) December 2019 March 2019 December 2018 December 2019 March 2019 December 2018 Foreign currency exchange contracts designated as hedging instruments $ 46,573 $ 92,356 $ 88,910 $ (42,050 ) $ (21,798 ) $ (7,197 ) Foreign currency exchange contracts not designated as hedging instruments 5,070 415 — (929 ) (539 ) (164 ) Total derivatives $ 51,643 $ 92,771 $ 88,910 $ (42,979 ) $ (22,337 ) $ (7,361 ) VF records and presents the fair values of all of its derivative assets and liabilities in the Consolidated Balance Sheets on a gross basis, even though they are subject to master netting agreements. If VF were to offset and record the asset and liability balances of its foreign exchange forward contracts 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: December 2019 March 2019 December 2018 (In thousands) Derivative Asset Derivative Liability Derivative Asset Derivative Liability Derivative Asset Derivative Liability Gross amounts presented in the Consolidated Balance Sheets $ 51,643 $ (42,979 ) $ 92,771 $ (22,337 ) $ 88,910 $ (7,361 ) Gross amounts not offset in the Consolidated Balance Sheets (27,958 ) 27,958 (22,274 ) 22,274 (7,273 ) 7,273 Net amounts $ 23,685 $ (15,021 ) $ 70,497 $ (63 ) $ 81,637 $ (88 ) Derivatives are classified as current or non-current based on maturity dates, as follows: (In thousands) December 2019 March 2019 December 2018 Other current assets $ 49,650 $ 83,582 $ 78,594 Accrued liabilities (34,710 ) (18,590 ) (5,540 ) Other assets 1,993 9,189 10,316 Other liabilities (8,269 ) (3,747 ) (1,821 ) Cash Flow Hedges VF uses derivative contracts primarily to hedge a portion of the exchange risk for its forecasted sales, purchases, production costs, operating costs and intercompany royalties. The effects of cash flow hedging included in VF’s Consolidated Statements of Income and Consolidated Statements of Comprehensive Income are summarized as follows: (In thousands) Gain (Loss) on Derivatives Recognized in OCI Three Months Ended December Gain (Loss) on Derivatives Recognized in OCI Nine Months Ended December Cash Flow Hedging Relationships 2019 2018 2019 2018 Foreign currency exchange $ (56,699 ) $ 43,836 $ 9,471 $ 153,705 (In thousands) Gain (Loss) Reclassified from Accumulated OCI into Income Three Months Ended December Gain (Loss) Reclassified from Accumulated OCI into Income Nine Months Ended December Location of Gain (Loss) 2019 2018 2019 2018 Net sales $ (5,507 ) $ 772 $ (11,226 ) $ 6,244 Cost of goods sold 27,157 (4,570 ) 60,989 (31,146 ) Selling, general and administrative expenses 1,231 (1,020 ) 3,329 (5,240 ) Other income (expense), net 1,006 690 7,574 (1,673 ) Interest expense (1,324 ) (1,263 ) (3,920 ) (3,739 ) Total $ 22,563 $ (5,391 ) $ 56,746 $ (35,554 ) Derivative Contracts Not Designated as Hedges VF uses derivative contracts to manage foreign currency exchange risk on third-party accounts receivable and payable, as well as intercompany borrowings. These contracts are not designated as hedges, and are recorded at fair value in the Consolidated Balance Sheets. Changes in the fair values of these instruments are recognized directly in earnings. Gains or losses on these contracts largely offset the net transaction losses or gains on the related assets and liabilities. In the case of derivative contracts executed on foreign currency exposures that are no longer probable of occurring, VF de-designates these hedges and the fair value changes of these instruments are also recognized directly in earnings. Foreign currency exchange contracts not designated as hedges as of December 2019 also include contracts still owned by VF that are related to the former Jeans business. In connection with the spin-off, VF transferred the value of the unrecognized gain on these contracts to Kontoor Brands. The changes in fair value of derivative contracts not designated as hedges that have been recognized as gains or losses in VF's Consolidated Statements of Income were not material for the three and nine months ended December 2019 and December 2018 . Other Derivative Information At December 2019 , accumulated OCI included $25.5 million of pre-tax net deferred gains for foreign currency exchange contracts that are expected to be reclassified to earnings during the next 12 months . The amounts ultimately reclassified to earnings will depend on exchange rates in effect when outstanding derivative contracts are settled. VF entered into interest rate swap derivative contracts in 2011 and 2003 to hedge the interest rate risk for issuance of long-term debt due in 2021 and 2033 , respectively. In each case, the contracts were terminated concurrent with the issuance of the debt, and the realized gain or loss was deferred in accumulated OCI. The remaining pre-tax net deferred loss in accumulated OCI was $7.8 million at December 2019 , which will be reclassified into interest expense in the Consolidated Statements of Income over the remaining terms of the associated debt instruments. VF reclassified $1.3 million and $3.9 million of net deferred losses from accumulated OCI into interest expense for the three and nine -month periods ended December 2019 , respectively, and $1.3 million and $3.7 million for the three and nine -month periods ended December 2018 , respectively. VF expects to reclassify $5.4 million to interest expense during the next 12 months . Net Investment Hedge The Company has designated its €850.0 million of euro-denominated fixed-rate notes as a net investment hedge of VF’s investment in certain foreign operations. Because this debt qualified as a nonderivative hedging instrument, foreign currency transaction gains or losses of the debt are deferred in the foreign currency translation and other component of accumulated OCI as an offset to the foreign currency translation adjustments on the hedged investments. During the three and nine -month periods ended December 2019 , the Company recognized an after-tax loss of $15.3 million and an after-tax gain of $2.3 million , respectively, in OCI related to the net investment hedge, and an after-tax gain of $10.9 million and $55.8 million for the three and nine -month periods ended December 2018 , respectively. Any amounts deferred in accumulated OCI will remain until the hedged investment is sold or substantially liquidated.

RESTRUCTURING

RESTRUCTURING	9 Months Ended
	Dec. 28, 2019
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURING The Company typically incurs restructuring charges related to strategic initiatives and cost optimization of business activities, primarily related to severance and employee-related benefits. During the three and nine months ended December 2019 , VF leadership approved $3.9 million and $9.7 million , respectively, of restructuring charges. VF recognized $3.7 million and $7.1 million in selling, general and administrative expenses for the three and nine months ended December 2019 , respectively, and $0.2 million and $2.6 million in cost of goods sold for the three and nine months ended December 2019 , respectively. The Company has not recognized significant incremental costs related to the actions for the year ended March 2019 or prior periods. Of the $34.9 million total restructuring accrual at December 2019 , $34.2 million is expected to be paid out within the next 12 months and is classified within accrued liabilities. The remaining $0.7 million will be paid out beyond the next 12 months and thus is classified within other liabilities. The activity in the restructuring accrual for the nine -month period ended December 2019 was as follows: (In thousands) Severance Other Total Accrual at March 2019 $ 58,106 $ 11,035 $ 69,141 Charges 7,116 2,564 9,680 Cash payments (33,965 ) (11,246 ) (45,211 ) Adjustments to accruals 3,101 1,144 4,245 Impact of foreign currency (2,285 ) (713 ) (2,998 ) Accrual at December 2019 $ 32,073 $ 2,784 $ 34,857 Restructuring charges were incurred as follows: Three Months Ended December Nine Months Ended December (In thousands) 2019 2018 2019 2018 Outdoor $ 1,670 $ 2,276 $ 6,400 $ 15,171 Active 322 485 789 3,537 Work 1,460 — 2,084 3,939 Corporate and other 407 1,045 407 3,546 Total $ 3,859 $ 3,806 $ 9,680 $ 26,193

CONTINCENCIES

CONTINCENCIES	9 Months Ended
	Dec. 28, 2019
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES The Company petitioned the U.S. Tax Court to resolve an IRS dispute regarding the timing of income inclusion associated with the 2011 Timberland acquisition. The Company remains confident in our timing and treatment of the income inclusion, and therefore this matter is not reflected in our financial statements. We are vigorously defending our position, and do not expect the resolution to have a material adverse impact on the Company's financial position, results of operations or cash flows. While the IRS argues immediate income inclusion, the Company's position is to include the income over a period of years. As the matter relates to 2011, nearly half of the timing at dispute has passed with the Company including the income, and paying the related tax, on our income tax returns. The Company notes that should the IRS prevail in this timing matter, the net interest expense would be up to $151 million . Further, this timing matter is impacted by the U.S. Tax Act that reduced the U.S. corporate income tax rate from 35% to 21%. If the IRS is successful, this rate differential would increase tax expense by approximately $136 million . The Company is currently involved in other legal proceedings that are ordinary, routine litigation incidental to the business. The resolution of any particular proceeding is not currently expected to have a material adverse impact on the Company's financial position, results of operations or cash flows.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Dec. 28, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENTS On January 17, 2020 , VF’s Board of Directors declared a quarterly cash dividend of $0.48 per share, payable on March 20, 2020 to stockholders of record on March 10, 2020 . On January 21, 2020, VF announced that it is considering the divestiture of the occupational portion of its Work segment. The occupational portion of the Work segment is comprised primarily of the following brands and businesses: Red Kap ® , VF Solutions ® , Bulwark ® , Workrite ® , Walls ® , Terra ® , Kodiak ® , Work Authority ® and Horace Small ® . From December 30, 2019 to February 3, 2020, the Company repurchased approximately 1.9 million shares of Common Stock in open market transactions for $160.5 million (average price per share of $83.59 ). VF's current intent is to repurchase up to $500.0 million of Common Stock in open market transactions during the fourth quarter of Fiscal 2020. The repurchases are at the Company's discretion and are subject to change based on circumstances. On February 3, 2020, VF announced the commencement of cash tender offers for any and all of its $300.0 million aggregate principal amount of outstanding 6.00% notes due 2033 and $350.0 million aggregate principal amount of outstanding 6.45% notes due 2037. Additionally, VF issued a notice of redemption for its $500.0 million aggregate principal amount of outstanding 3.50% notes due 2021.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Dec. 28, 2019
Accounting Policies [Abstract]
Basis of Presentation	VF Corporation (together with its subsidiaries, collectively known as “VF” or the “Company”) uses a 52/53 week fiscal year ending on the Saturday closest to March 31 of each year. The Company's current fiscal year runs from March 31, 2019 through March 28, 2020 ("Fiscal 2020"). Accordingly, this Form 10-Q presents our third quarter of Fiscal 2020 . For presentation purposes herein, all references to periods ended December 2019 and December 2018 relate to the fiscal periods ended on December 28, 2019 and December 29, 2018 , respectively. References to March 2019 relate to information as of March 30, 2019 . On May 22, 2019, VF completed the spin-off of its Jeans business, which included the Wrangler ® , Lee ® and Rock & Republic ® brands, as well as the VF Outlet TM business, into an independent, publicly traded company. As a result, VF reported the operating results for the Jeans business in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Income and the related cash flows have been reported as discontinued operations in the Consolidated Statements of Cash Flows, for all periods presented. In addition, the related assets and liabilities have been reported as assets and liabilities of discontinued operations in the Consolidated Balance Sheets, through the date the spin-off was completed. On April 30, 2018, VF completed the sale of the Nautica ® brand business. As a result, the Nautica ® brand business has been reported as discontinued operations in our Consolidated Statements of Income and Consolidated Statements of Cash Flows. Unless otherwise noted, discussion within these notes to the consolidated financial statements relates to continuing operations. Refer to Note 5 for additional information on discontinued operations. Certain prior year amounts have been reclassified to conform to the Fiscal 2020 presentation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X and do not include all of the information and notes required by generally accepted accounting principles in the United States of America (“GAAP”) for complete financial statements. Similarly, the March 2019 condensed consolidated balance sheet was derived from audited financial statements but does not include all disclosures required by GAAP. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all normal and recurring adjustments necessary to fairly state the consolidated financial position, results of operations and cash flows of VF for the interim periods presented. Operating results for the three and nine months ended December 2019 are not necessarily indicative of results that may be expected for any other interim period or for Fiscal 2020 . For further information, refer to the consolidated financial statements and notes included in VF’s Annual Report on Form 10-K for the year ended March 30, 2019 (“Fiscal 2019 Form 10-K”).
Recently Adopted Accounting Standards and Recently Issued Accounting Standards	Recently Adopted Accounting Standards In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, “Leases (Topic 842)” , a new accounting standard on leasing. The FASB subsequently issued updates to the standard to provide additional clarification on specific topics, including permitted transition methods. Collectively, the guidance is referred to as FASB Accounting Standards Codification ("ASC") 842. This standard requires companies to record most leased assets and liabilities on the balance sheet, and also retains a dual model approach for assessing lease classification and recognizing expense. The Company adopted this standard on March 31, 2019, utilizing the modified retrospective method and has recognized the cumulative effect of initially applying the new standard in retained earnings. The effective date of the adoption has been used as the date of initial application, and thus comparative prior period financial information has not been restated and continues to be reported under accounting standards in effect for those periods. The standard provides certain optional practical expedients for transition. The Company elected the transition relief package of practical expedients by applying previous accounting conclusions under ASC Topic 840, Leases ("ASC 840"), to all leases that existed prior to the transition date. As a result, VF did not reassess (i) whether existing or expired contracts contain leases, (ii) lease classification for any existing or expired leases, or (iii) whether lease origination costs qualified as initial direct costs. The Company also elected the land easement practical expedient, which allows the Company to apply ASC 842 prospectively to land easements after the adoption date if they were not previously accounted for under ASC 840. Certain leases contain both lease and non-lease components. For leases associated with specific asset classes, including certain real estate, vehicles, manufacturing machinery and IT equipment, VF has elected the practical expedient which permits entities to account for separate lease and non-lease components as a single component. For all other lease contracts, the Company has elected to account for each lease component separately from the non-lease components of the contract. When applicable, VF will measure the consideration to be paid pursuant to the agreement and allocate this consideration to the lease and non-lease components based on relative stand-alone prices. Further, the Company made an accounting policy election to not recognize right-of-use assets and lease liabilities for leases with terms of 12 months or less. The adoption of ASC 842 resulted in a net decrease of $2.5 million in the retained earnings line item of the Consolidated Balance Sheet as of March 31, 2019. The adoption of ASC 842 also resulted in the recognition of operating lease right-of-use assets and operating lease liabilities within the Consolidated Balance Sheet. Refer to Note 10 for additional lease disclosures. In August 2017, the FASB issued ASU No. 2017-12, "Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities" , an update that amends and simplifies certain aspects of hedge accounting rules to better portray the economic results of risk management activities in the financial statements. The FASB subsequently issued updates to the standard to provide additional guidance on specific topics. This guidance became effective for VF in the first quarter of Fiscal 2020, but did not impact VF's consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02 , "Income Statement-Reporting Comprehensive Income (Topic 220) : Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ", an update that addresses the effect of the change in the U.S. federal corporate income tax rate due to the enactment of the Tax Cuts and Jobs Act ("U.S. Tax Act") on items within accumulated other comprehensive income (loss). The guidance became effective for VF in the first quarter of Fiscal 2020. The Company elected to reclassify the income tax effects of the U.S. Tax Act on items within accumulated other comprehensive income (loss) of $61.9 million to retained earnings, which primarily related to deferred taxes previously recorded for pension benefits. The adoption of this guidance did not have an impact on VF's consolidated results of operations or cash flows. In June 2018, the FASB issued ASU No. 2018-07, " Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting" , an update that expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. This guidance became effective for VF in the first quarter of Fiscal 2020, but did not impact VF's consolidated financial statements. In July 2018, the FASB issued ASU No. 2018-09, "Codification Improvements" , an update that provides technical corrections, clarifications and other improvements across a variety of accounting topics. The transition and effective date guidance is based on the facts and circumstances of each update; however, many of them became effective for VF in the first quarter of Fiscal 2020. The guidance did not impact VF's consolidated financial statements. Recently Issued Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" , which requires entities to use a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, including trade receivables. The FASB has subsequently issued updates to the standard to provide additional clarification on specific topics. This guidance will be effective for VF in the first quarter of the year ending April 3, 2021 ("Fiscal 2021") with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact on VF's consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement" , an update that modifies the disclosure requirements for fair value measurements by removing, modifying or adding certain disclosures. The guidance will be effective for VF in the first quarter of Fiscal 2021 with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact on VF's disclosures. In August 2018, the FASB issued ASU No. 2018-14, "Compensation— Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans" , an update that modifies the disclosure requirements for employers who sponsor defined benefit pension or other postretirement plans. The guidance will be effective for VF in Fiscal 2021 with early adoption permitted.The Company does not expect the adoption of this guidance to have a material impact on VF's disclosures. In August 2018, the FASB issued ASU No. 2018-15, "Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract" , an update that aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The guidance will be effective for VF in the first quarter of Fiscal 2021 with early adoption permitted. The Company does not expect the adoption of this guidance to have a material impact on VF's consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, " Income Taxes (Topic 740): Simplifying the Accounting for Income Tax
Fair Value Measurement	Financial assets and financial liabilities measured and reported at fair value are classified in a three-level hierarchy that prioritizes the inputs used in the valuation process. A financial instrument’s categorization within the valuation hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The hierarchy is based on the observability and objectivity of the pricing inputs, as follows: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Significant directly observable data (other than Level 1 quoted prices) or significant indirectly observable data through corroboration with observable market data. Inputs would normally be (i) quoted prices in active markets for similar assets or liabilities, (ii) quoted prices in inactive markets for identical or similar assets or liabilities, or (iii) information derived from or corroborated by observable market data. • Level 3 — Prices or valuation techniques that require significant unobservable data inputs. These inputs would normally be VF’s own data and judgments about assumptions that market participants would use in pricing the asset or liability.

REVENUES (Tables)

REVENUES (Tables)	9 Months Ended
	Dec. 28, 2019
Revenue from Contract with Customer [Abstract]
Contract with Customer, Asset and Liability	The following table provides information about accounts receivable, contract assets and contract liabilities: (In thousands) December 2019 March 2019 December 2018 Accounts receivable, net $ 1,641,758 $ 1,465,855 $ 1,566,202 Contract assets (a) 1,789 2,569 550 Contract liabilities (b) 56,356 30,181 37,875 (a) Included in the other current assets line item in the Consolidated Balance Sheets. (b) Included in the accrued liabilities and other liabilities line items in the Consolidated Balance Sheets.
Disaggregation of Revenue	The following tables disaggregate our revenues by channel and geography, which provides a meaningful depiction of how the nature, timing and uncertainty of revenues are affected by economic factors. The wholesale channel includes fees generated from sourcing activities as the customers and point-in-time revenue recognition are similar to other wholesale arrangements. Three Months Ended December 2019 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 857,939 $ 527,206 $ 415,262 $ 4,750 $ 1,805,157 Direct-to-consumer 796,632 706,186 56,059 1,340 1,560,217 Royalty 4,537 6,070 8,765 — 19,372 Total $ 1,659,108 $ 1,239,462 $ 480,086 $ 6,090 $ 3,384,746 Geographic revenues United States $ 903,184 $ 686,733 $ 372,808 $ — $ 1,962,725 International 755,924 552,729 107,278 6,090 1,422,021 Total $ 1,659,108 $ 1,239,462 $ 480,086 $ 6,090 $ 3,384,746 Three Months Ended December 2018 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 839,579 $ 490,985 $ 414,333 $ 652 $ 1,745,549 Direct-to-consumer 769,775 642,571 49,152 — 1,461,498 Royalty 3,251 9,024 8,390 — 20,665 Total $ 1,612,605 $ 1,142,580 $ 471,875 $ 652 $ 3,227,712 Geographic revenues United States $ 889,298 $ 638,179 $ 379,237 $ 652 $ 1,907,366 International 723,307 504,401 92,638 — 1,320,346 Total $ 1,612,605 $ 1,142,580 $ 471,875 $ 652 $ 3,227,712 Nine Months Ended December 2019 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 2,375,117 $ 1,897,118 $ 1,185,716 $ 22,730 $ 5,480,681 Direct-to-consumer 1,410,658 1,969,700 134,026 7,692 3,522,076 Royalty 9,890 18,404 18,442 — 46,736 Total $ 3,795,665 $ 3,885,222 $ 1,338,184 $ 30,422 $ 9,049,493 Geographic revenues United States $ 1,943,491 $ 2,109,479 $ 1,064,516 $ — $ 5,117,486 International 1,852,174 1,775,743 273,668 30,422 3,932,007 Total $ 3,795,665 $ 3,885,222 $ 1,338,184 $ 30,422 $ 9,049,493 Nine Months Ended December 2018 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 2,280,071 $ 1,829,861 $ 1,209,150 $ 10,222 $ 5,329,304 Direct-to-consumer 1,358,287 1,728,779 119,347 — 3,206,413 Royalty 9,350 20,838 18,332 — 48,520 Total $ 3,647,708 $ 3,579,478 $ 1,346,829 $ 10,222 $ 8,584,237 Geographic revenues United States $ 1,826,230 $ 1,934,778 $ 1,065,774 $ 10,222 $ 4,837,004 International 1,821,478 1,644,700 281,055 — 3,747,233 Total $ 3,647,708 $ 3,579,478 $ 1,346,829 $ 10,222 $ 8,584,237

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Dec. 28, 2019
Business Combinations [Abstract]
Assets and Liabilities Acquired	The following table summarizes the estimated fair values of the Altra assets acquired and liabilities assumed at the date of acquisition: (In thousands) June 1, 2018 Accounts receivable $ 11,629 Inventories 9,310 Other current assets 575 Property, plant and equipment 1,107 Intangible assets 59,700 Total assets acquired 82,321 Accounts payable 5,068 Other current liabilities 7,415 Total liabilities assumed 12,483 Net assets acquired 69,838 Goodwill 61,719 Purchase price $ 131,557 The following table summarizes the estimated fair values of the Icebreaker assets acquired and liabilities assumed at the date of acquisition: (In thousands) April 3, 2018 Cash and equivalents $ 6,444 Accounts receivable 16,781 Inventories 31,728 Other current assets 3,931 Property, plant and equipment 3,858 Intangible assets 98,041 Other assets 4,758 Total assets acquired 165,541 Short-term borrowings 7,235 Accounts payable 2,075 Other current liabilities 21,262 Deferred income tax liabilities 26,870 Other noncurrent liabilities 433 Total liabilities assumed 57,875 Net assets acquired 107,666 Goodwill 89,943 Purchase price $ 197,609

DISCONTINUED OPERATIONS AND O_2

DISCONTINUED OPERATIONS AND OTHER DIVESTITURES (Tables)	9 Months Ended
	Dec. 28, 2019
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations Presented in Financial Statements	The following table summarizes the major line items for the Jeans business and Nautica ® brand business that are included in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Income: Three Months Ended December Nine Months Ended December (In thousands) 2019 2018 2019 2018 Net revenues $ — $ 712,447 $ 335,203 $ 2,073,367 Cost of goods sold — 431,711 203,124 1,231,315 Selling, general and administrative expenses — 209,651 152,798 544,685 Interest, net — 1,373 (552 ) 3,650 Other income (expense), net — (747 ) (667 ) (3,801 ) Income (loss) from discontinued operations before income taxes — 71,711 (21,938 ) 297,216 Gain on the sale of discontinued operations before income taxes — 383 — 4,589 Total income (loss) from discontinued operations before income taxes — 72,094 (21,938 ) 301,805 Income tax benefit (expense) (a) 12,256 (17,705 ) (13,834 ) (57,425 ) Income (loss) from discontinued operations, net of tax $ 12,256 $ 54,389 $ (35,772 ) $ 244,380 (a) Income tax benefit for the three months ended December 2019 reflects a return to accrual adjustment to the previously recorded tax expense. Income tax expense for the nine months ended December 2019 includes additional tax expense on nondeductible transaction costs and uncertain tax positions. The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations for each of the periods presented: (In thousands) December 2019 March 2019 December 2018 Cash and equivalents $ — $ 97,892 $ 83,334 Accounts receivable, net — 242,941 208,258 Inventories — 510,370 464,454 Other current assets — 44,827 44,444 Property, plant and equipment, net — 142,091 138,975 Intangible assets — 51,913 53,059 Goodwill — 213,570 219,612 Other assets — 74,144 62,393 Total assets of discontinued operations $ — $ 1,377,748 $ 1,274,529 Short-term borrowings $ — $ 5,995 $ 3,215 Accounts payable — 113,866 109,272 Accrued liabilities — 141,621 118,531 Other liabilities — 48,581 45,896 Total liabilities of discontinued operations $ — $ 310,063 $ 276,914

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Dec. 28, 2019
Inventory Disclosure [Abstract]
Inventories	(In thousands) December 2019 March 2019 December 2018 Finished products $ 1,422,605 $ 1,284,293 $ 1,250,764 Work-in-process 80,338 73,968 73,480 Raw materials 62,027 74,399 77,377 Total inventories $ 1,564,970 $ 1,432,660 $ 1,401,621

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	9 Months Ended
	Dec. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Finite Lived Intangible Assets	December 2019 March 2019 (In thousands) Weighted Average Amortization Period Amortization Method Cost Accumulated Amortization Net Carrying Amount Net Carrying Amount Amortizable intangible assets: Customer relationships 17 years Accelerated $ 330,196 $ 151,286 $ 178,910 $ 197,129 License agreements 19 years Accelerated 7,516 4,893 2,623 2,807 Trademark 3 years Straight-line 800 575 225 399 Other 8 years Straight-line 8,213 4,976 3,237 4,032 Amortizable intangible assets, net 184,995 204,367 Indefinite-lived intangible assets: Trademarks and trade names 1,763,237 1,767,997 Intangible assets, net $ 1,948,232 $ 1,972,364
Indefinite Lived Intangible Assets	December 2019 March 2019 (In thousands) Weighted Average Amortization Period Amortization Method Cost Accumulated Amortization Net Carrying Amount Net Carrying Amount Amortizable intangible assets: Customer relationships 17 years Accelerated $ 330,196 $ 151,286 $ 178,910 $ 197,129 License agreements 19 years Accelerated 7,516 4,893 2,623 2,807 Trademark 3 years Straight-line 800 575 225 399 Other 8 years Straight-line 8,213 4,976 3,237 4,032 Amortizable intangible assets, net 184,995 204,367 Indefinite-lived intangible assets: Trademarks and trade names 1,763,237 1,767,997 Intangible assets, net $ 1,948,232 $ 1,972,364

GOODWILL (Tables)

GOODWILL (Tables)	9 Months Ended
	Dec. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Goodwill	Changes in goodwill are summarized by reportable segment as follows: (In thousands) Outdoor Active Work Total Balance, March 2019 $ 983,889 $ 393,956 $ 163,469 $ 1,541,314 Currency translation (1,201 ) (309 ) (225 ) (1,735 ) Balance, December 2019 $ 982,688 $ 393,647 $ 163,244 $ 1,539,579

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Dec. 28, 2019
Leases [Abstract]
Assets and Liabilities	The assets and liabilities related to operating and finance leases were as follows: (In thousands) Location in Consolidated Balance Sheet December 2019 Assets: Operating lease assets Operating lease right-of-use assets $ 1,298,631 Finance lease assets Property, plant and equipment 22,499 Total lease assets $ 1,321,130 Liabilities: Current Operating lease liabilities Accrued liabilities $ 312,704 Finance lease liabilities Current portion of long-term debt 4,677 Noncurrent Operating lease liabilities Operating lease liabilities 1,052,854 Finance lease liabilities Long-term debt 24,959 Total lease liabilities $ 1,395,194
Components of Lease Expense	The components of lease costs were as follows: (In thousands) Three Months Ended December 2019 Nine Months Ended December 2019 Operating lease cost $ 105,510 $ 315,938 Finance lease cost – amortization of right-of-use assets 970 3,002 Finance lease cost – interest on lease liabilities 253 807 Short-term lease cost 672 1,937 Variable lease cost 31,707 89,693 Impairment 3,035 3,035 Gain recognized from sale-leaseback transactions — (11,329 ) Total lease cost $ 142,147 $ 403,083 Supplemental cash flow information related to leases was as follows: (In thousands) Nine Months Ended December 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows – operating leases $ 320,589 Operating cash flows – finance leases 807 Financing cash flows – finance leases 3,967 Right-of-use assets obtained in exchange for lease liabilities: Operating leases (a) 358,159 Finance leases — (a) Excludes amounts recorded upon adoption of ASC 842. Lease terms and discount rates were as follows: December 2019 Weighted average remaining lease term: Operating leases 5.54 years Finance leases 13.64 years Weighted average discount rate: Operating leases 2.43 % Finance leases 3.12 %
Maturities of Operating Lease Liabilities	Maturities of operating and finance lease liabilities for the next five fiscal years (including the remainder of Fiscal 2020) and thereafter as of December 2019 were as follows: (In thousands) Operating Leases Finance Leases Total Remainder of 2020 $ 42,116 $ 1,006 $ 43,122 2021 417,892 6,532 424,424 2022 300,452 1,910 302,362 2023 223,579 1,626 225,205 2024 146,783 1,550 148,333 Thereafter 334,070 23,495 357,565 Total lease payments 1,464,892 36,119 1,501,011 Less: present value adjustment 99,334 6,483 105,817 Present value of lease liabilities $ 1,365,558 $ 29,636 $ 1,395,194 The Company excluded approximately $295.0 million of leases (undiscounted basis) that have not yet commenced. These leases will commence beginning in Fiscal 2020 with lease terms of 2 to 15 years.
Maturities of Financing Lease Liabilities	Maturities of operating and finance lease liabilities for the next five fiscal years (including the remainder of Fiscal 2020) and thereafter as of December 2019 were as follows: (In thousands) Operating Leases Finance Leases Total Remainder of 2020 $ 42,116 $ 1,006 $ 43,122 2021 417,892 6,532 424,424 2022 300,452 1,910 302,362 2023 223,579 1,626 225,205 2024 146,783 1,550 148,333 Thereafter 334,070 23,495 357,565 Total lease payments 1,464,892 36,119 1,501,011 Less: present value adjustment 99,334 6,483 105,817 Present value of lease liabilities $ 1,365,558 $ 29,636 $ 1,395,194
Schedule of Future Minimum, Operating Leases	Future minimum lease payments under operating leases with noncancelable lease terms in excess of one year from continuing operations as of March 2019, prior to the adoption of ASC 842, were as follows: (In thousands) Operating Leases 2020 $ 320,224 2021 287,829 2022 212,918 2023 154,920 2024 100,789 Thereafter 251,228 Total lease payments $ 1,327,908

PENSION PLANS (Tables)

PENSION PLANS (Tables)	9 Months Ended
	Dec. 28, 2019
Retirement Benefits [Abstract]
Components of Pension Cost	The components of pension cost (income) for VF’s defined benefit plans were as follows: Three Months Ended December Nine Months Ended December (In thousands) 2019 2018 2019 2018 Service cost – benefits earned during the period $ 3,401 $ 6,097 $ 10,192 $ 17,882 Interest cost on projected benefit obligations 14,581 15,807 44,085 47,638 Expected return on plan assets (23,176 ) (23,185 ) (69,505 ) (70,216 ) Settlement charges 24,943 662 25,462 8,846 Curtailments — — — 9,483 Amortization of deferred amounts: Net deferred actuarial losses 4,203 6,676 12,236 22,153 Deferred prior service costs (credits) 13 (58 ) 38 552 Net periodic pension cost (income) $ 23,965 $ 5,999 $ 22,508 $ 36,338 The amounts reported in these disclosures for prior periods have not been segregated between continuing and discontinued operations.
Actuarial Assumptions Used in Valuation	Actuarial assumptions used in the interim valuations were reviewed and revised as appropriate. The discount rates used to determine the pension obligations were as follows: December 31, 2019 September 30, 2019 U.S. qualified defined benefit pension plan 3.34 % N/A Supplemental defined benefit pension plan 3.35 % 3.23 %

CAPITAL AND ACCUMULATED OTHER_2

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Dec. 28, 2019
Equity [Abstract]
Shares Held for Deferred Compensation Plans	Balances related to shares held for deferred compensation plans were as follows: (In thousands, except share amounts) December 2019 March 2019 December 2018 Shares held for deferred compensation plans — — 147,464 Cost of shares held for deferred compensation plans $ — $ — $ 2,126
Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in Accumulated OCI	The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows: (In thousands) December 2019 March 2019 December 2018 Foreign currency translation and other $ (663,319 ) $ (725,679 ) $ (737,127 ) Defined benefit pension plans (249,530 ) (243,184 ) (219,644 ) Derivative financial instruments 17,477 66,788 70,206 Accumulated other comprehensive income (loss) $ (895,372 ) $ (902,075 ) $ (886,565 ) The changes in accumulated OCI, net of related taxes, were as follows: Three Months Ended December 2019 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, September 2019 $ (715,286 ) $ (298,326 ) $ 82,887 $ (930,725 ) Other comprehensive income (loss) before reclassifications 51,967 26,827 (46,536 ) 32,258 Amounts reclassified from accumulated other comprehensive income (loss) — 21,969 (18,874 ) 3,095 Net other comprehensive income (loss) 51,967 48,796 (65,410 ) 35,353 Balance, December 2019 $ (663,319 ) $ (249,530 ) $ 17,477 $ (895,372 ) Three Months Ended December 2018 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, September 2018 $ (665,962 ) $ (226,039 ) $ 29,085 $ (862,916 ) Other comprehensive income (loss) before reclassifications (71,165 ) 1,065 36,619 (33,481 ) Amounts reclassified from accumulated other comprehensive income (loss) — 5,330 4,502 9,832 Net other comprehensive income (loss) (71,165 ) 6,395 41,121 (23,649 ) Balance, December 2018 $ (737,127 ) $ (219,644 ) $ 70,206 $ (886,565 ) Nine Months Ended December 2019 In thousands Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, Balance, March 2019 $ (725,679 ) $ (243,184 ) $ 66,788 $ (902,075 ) Adoption of new accounting standard, ASU 2018-02 (9,088 ) (50,402 ) (2,371 ) (61,861 ) Other comprehensive income (loss) before reclassifications (11,646 ) 15,108 8,712 12,174 Amounts reclassified from accumulated other comprehensive income (loss) — 28,154 (47,057 ) (18,903 ) Spin-off of Jeans Business 83,094 794 (8,595 ) 75,293 Net other comprehensive income (loss) 62,360 (6,346 ) (49,311 ) 6,703 Balance, December 2019 $ (663,319 ) $ (249,530 ) $ 17,477 $ (895,372 ) Nine Months Ended December 2018 In thousands Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, March 2018 $ (476,869 ) $ (289,618 ) $ (97,543 ) $ (864,030 ) Other comprehensive income (loss) before reclassifications (260,258 ) 39,877 135,041 (85,340 ) Amounts reclassified from accumulated other comprehensive income (loss) — 30,097 32,708 62,805 Net other comprehensive income (loss) (260,258 ) 69,974 167,749 (22,535 ) Balance, December 2018 $ (737,127 ) $ (219,644 ) $ 70,206 $ (886,565 )
Reclassifications Out of Accumulated OCI	Reclassifications out of accumulated OCI were as follows: (In thousands) Details About Accumulated Other Comprehensive Income (Loss) Components Affected Line Item in the Consolidated Statements of Income Three Months Ended December Nine Months Ended December 2019 2018 2019 2018 Amortization of defined benefit pension plans: Net deferred actuarial losses Other income (expense), net $ (4,203 ) $ (6,676 ) $ (12,236 ) $ (22,153 ) Deferred prior service (costs) credits Other income (expense), net (13 ) 58 (38 ) (552 ) Pension curtailment losses and settlement charges Other income (expense), net (24,943 ) (662 ) (25,462 ) (18,329 ) Total before tax (29,159 ) (7,280 ) (37,736 ) (41,034 ) Tax benefit 7,190 1,950 9,582 10,937 Net of tax (21,969 ) (5,330 ) (28,154 ) (30,097 ) Gains (losses) on derivative financial instruments: Foreign exchange contracts Net sales (5,507 ) 772 (11,226 ) 6,244 Foreign exchange contracts Cost of goods sold 27,157 (4,570 ) 60,989 (31,146 ) Foreign exchange contracts Selling, general and administrative expenses 1,231 (1,020 ) 3,329 (5,240 ) Foreign exchange contracts Other income (expense), net 1,006 690 7,574 (1,673 ) Interest rate contracts Interest expense (1,324 ) (1,263 ) (3,920 ) (3,739 ) Total before tax 22,563 (5,391 ) 56,746 (35,554 ) Tax (expense) benefit (3,689 ) 889 (9,689 ) 2,846 Net of tax 18,874 (4,502 ) 47,057 (32,708 ) Total reclassifications for the period, net of tax $ (3,095 ) $ (9,832 ) $ 18,903 $ (62,805 )

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Dec. 28, 2019
Share-based Payment Arrangement [Abstract]
Schedule of Assumption Used and Resulting Weighted Average Fair Value of Stock Option Granted	The grant date fair value of each option award was calculated using a lattice option-pricing valuation model, which incorporated a range of assumptions for inputs as follows: Nine Months Ended December 2019 Expected volatility 24% to 27% Weighted average expected volatility 25% Expected term (in years) 6.1 to 7.6 Weighted average dividend yield 2.5% Risk-free interest rate 1.6% to 2.4% Weighted average fair value at date of grant $17.19

REPORTABLE SEGMENT INFORMATION

REPORTABLE SEGMENT INFORMATION (Tables)	9 Months Ended
	Dec. 28, 2019
Segment Reporting [Abstract]
Financial Information for Reportable Segments	Financial information for VF's reportable segments was as follows: Three Months Ended December Nine Months Ended December (In thousands) 2019 2018 2019 2018 Segment revenues: Outdoor $ 1,659,108 $ 1,612,605 $ 3,795,665 $ 3,647,708 Active 1,239,462 1,142,580 3,885,222 3,579,478 Work 480,086 471,875 1,338,184 1,346,829 Other 6,090 652 30,422 10,222 Total segment revenues $ 3,384,746 $ 3,227,712 $ 9,049,493 $ 8,584,237 Segment profit (loss): Outdoor $ 348,995 $ 338,009 $ 525,107 $ 512,635 Active 286,474 272,862 982,240 893,110 Work 54,556 56,178 140,791 156,425 Other (2,800 ) 520 (2,035 ) 3,470 Total segment profit 687,225 667,569 1,646,103 1,565,640 Corporate and other expenses (a) (130,575 ) (147,776 ) (373,311 ) (439,157 ) Interest expense, net (16,814 ) (25,220 ) (47,639 ) (76,894 ) Income from continuing operations before income taxes $ 539,836 $ 494,573 $ 1,225,153 $ 1,049,589 (a) Certain corporate overhead and other costs of $25.3 million and $70.9 million for the three and nine -month periods ended December 2018 , respectively, previously allocated to the former Jeans segment and Other category for segment reporting purposes, have been reallocated to continuing operations.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Dec. 28, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Basic and Diluted	Three Months Ended December Nine Months Ended December (In thousands, except per share amounts) 2019 2018 2019 2018 Earnings per share – basic: Income from continuing operations $ 452,747 $ 409,120 $ 1,198,997 $ 886,608 Weighted average common shares outstanding 395,940 395,294 396,806 395,117 Earnings per share from continuing operations $ 1.14 $ 1.03 $ 3.02 $ 2.24 Earnings per share – diluted: Income from continuing operations $ 452,747 $ 409,120 $ 1,198,997 $ 886,608 Weighted average common shares outstanding 395,940 395,294 396,806 395,117 Incremental shares from stock options and other dilutive securities 4,382 4,473 4,693 5,301 Adjusted weighted average common shares outstanding 400,322 399,767 401,499 400,418 Earnings per share from continuing operations $ 1.13 $ 1.02 $ 2.99 $ 2.21

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Dec. 28, 2019
Fair Value Disclosures [Abstract]
Classes of Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on Recurring Basis	The following table summarizes financial assets and financial liabilities that are measured and recorded in the consolidated financial statements at fair value on a recurring basis: Total Fair Value Fair Value Measurement Using (a) (In thousands) Level 1 Level 2 Level 3 December 2019 Financial assets: Cash equivalents: Money market funds $ 247,270 $ 247,270 $ — $ — Time deposits 2,689 2,689 — — Derivative financial instruments 51,643 — 51,643 — Investment securities 134,026 128,409 5,617 — Financial liabilities: Derivative financial instruments 42,979 — 42,979 — Deferred compensation 145,814 — 145,814 — Total Fair Value Fair Value Measurement Using (a) (In thousands) Level 1 Level 2 Level 3 March 2019 Financial assets: Cash equivalents: Money market funds $ 248,560 $ 248,560 $ — $ — Time deposits 8,257 8,257 — — Derivative financial instruments 92,771 — 92,771 — Investment securities 186,698 176,209 10,489 — Financial liabilities: Derivative financial instruments 22,337 — 22,337 — Deferred compensation 199,336 — 199,336 — The amounts reported in the table above for the prior period have not been segregated between continuing and discontinued operations. The March 2019 balances include $50.8 million of deferred compensation liabilities and associated assets related to the Jeans business, which were transferred in connection with the spin-off. (a) There were no transfers among the levels within the fair value hierarchy during the nine months ended December 2019 or the year ended March 2019 .

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	9 Months Ended
	Dec. 28, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
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) December 2019 March 2019 December 2018 December 2019 March 2019 December 2018 Foreign currency exchange contracts designated as hedging instruments $ 46,573 $ 92,356 $ 88,910 $ (42,050 ) $ (21,798 ) $ (7,197 ) Foreign currency exchange contracts not designated as hedging instruments 5,070 415 — (929 ) (539 ) (164 ) Total derivatives $ 51,643 $ 92,771 $ 88,910 $ (42,979 ) $ (22,337 ) $ (7,361 )
Derivative Assets and Liabilities Presented in Consolidated Balance Sheet Adjusted from Current Gross	VF records and presents the fair values of all of its derivative assets and liabilities in the Consolidated Balance Sheets on a gross basis, even though they are subject to master netting agreements. If VF were to offset and record the asset and liability balances of its foreign exchange forward contracts 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: December 2019 March 2019 December 2018 (In thousands) Derivative Asset Derivative Liability Derivative Asset Derivative Liability Derivative Asset Derivative Liability Gross amounts presented in the Consolidated Balance Sheets $ 51,643 $ (42,979 ) $ 92,771 $ (22,337 ) $ 88,910 $ (7,361 ) Gross amounts not offset in the Consolidated Balance Sheets (27,958 ) 27,958 (22,274 ) 22,274 (7,273 ) 7,273 Net amounts $ 23,685 $ (15,021 ) $ 70,497 $ (63 ) $ 81,637 $ (88 )
Derivative Assets and Liabilities Presented in Consolidated Balance Sheet Adjusted from Current Gross	VF records and presents the fair values of all of its derivative assets and liabilities in the Consolidated Balance Sheets on a gross basis, even though they are subject to master netting agreements. If VF were to offset and record the asset and liability balances of its foreign exchange forward contracts 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: December 2019 March 2019 December 2018 (In thousands) Derivative Asset Derivative Liability Derivative Asset Derivative Liability Derivative Asset Derivative Liability Gross amounts presented in the Consolidated Balance Sheets $ 51,643 $ (42,979 ) $ 92,771 $ (22,337 ) $ 88,910 $ (7,361 ) Gross amounts not offset in the Consolidated Balance Sheets (27,958 ) 27,958 (22,274 ) 22,274 (7,273 ) 7,273 Net amounts $ 23,685 $ (15,021 ) $ 70,497 $ (63 ) $ 81,637 $ (88 )
Derivatives Classified as Current or Noncurrent Based on Maturity Dates	Derivatives are classified as current or non-current based on maturity dates, as follows: (In thousands) December 2019 March 2019 December 2018 Other current assets $ 49,650 $ 83,582 $ 78,594 Accrued liabilities (34,710 ) (18,590 ) (5,540 ) Other assets 1,993 9,189 10,316 Other liabilities (8,269 ) (3,747 ) (1,821 )
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 Income and Consolidated Statements of Comprehensive Income are summarized as follows: (In thousands) Gain (Loss) on Derivatives Recognized in OCI Three Months Ended December Gain (Loss) on Derivatives Recognized in OCI Nine Months Ended December Cash Flow Hedging Relationships 2019 2018 2019 2018 Foreign currency exchange $ (56,699 ) $ 43,836 $ 9,471 $ 153,705 (In thousands) Gain (Loss) Reclassified from Accumulated OCI into Income Three Months Ended December Gain (Loss) Reclassified from Accumulated OCI into Income Nine Months Ended December Location of Gain (Loss) 2019 2018 2019 2018 Net sales $ (5,507 ) $ 772 $ (11,226 ) $ 6,244 Cost of goods sold 27,157 (4,570 ) 60,989 (31,146 ) Selling, general and administrative expenses 1,231 (1,020 ) 3,329 (5,240 ) Other income (expense), net 1,006 690 7,574 (1,673 ) Interest expense (1,324 ) (1,263 ) (3,920 ) (3,739 ) Total $ 22,563 $ (5,391 ) $ 56,746 $ (35,554 )

RESTRUCTURING (Tables)

RESTRUCTURING (Tables)	9 Months Ended
	Dec. 28, 2019
Restructuring and Related Activities [Abstract]
Activity in Restructuring	The activity in the restructuring accrual for the nine -month period ended December 2019 was as follows: (In thousands) Severance Other Total Accrual at March 2019 $ 58,106 $ 11,035 $ 69,141 Charges 7,116 2,564 9,680 Cash payments (33,965 ) (11,246 ) (45,211 ) Adjustments to accruals 3,101 1,144 4,245 Impact of foreign currency (2,285 ) (713 ) (2,998 ) Accrual at December 2019 $ 32,073 $ 2,784 $ 34,857 Restructuring charges were incurred as follows: Three Months Ended December Nine Months Ended December (In thousands) 2019 2018 2019 2018 Outdoor $ 1,670 $ 2,276 $ 6,400 $ 15,171 Active 322 485 789 3,537 Work 1,460 — 2,084 3,939 Corporate and other 407 1,045 407 3,546 Total $ 3,859 $ 3,806 $ 9,680 $ 26,193

RECENTLY ADOPTED AND ISSUED A_2

RECENTLY ADOPTED AND ISSUED ACCOUNTING STANDARDS - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Apr. 01, 2018
Prior Period Adjustments Restatement [Line Items]
Adoption of new accounting standard		$ 1,956
Adoption of new accounting standard, ASU 2016-02
Prior Period Adjustments Restatement [Line Items]
Adoption of new accounting standard	$ (2,491)
Adoption of new accounting standard, ASU 2018-02
Prior Period Adjustments Restatement [Line Items]
Adoption of new accounting standard	0
Accumulated Other Comprehensive Income (Loss)
Prior Period Adjustments Restatement [Line Items]
Adoption of new accounting standard	(61,861)
Accumulated Other Comprehensive Income (Loss) | Adoption of new accounting standard, ASU 2018-02
Prior Period Adjustments Restatement [Line Items]
Adoption of new accounting standard	(61,861)
Retained Earnings
Prior Period Adjustments Restatement [Line Items]
Adoption of new accounting standard		$ 1,956
Retained Earnings | Adoption of new accounting standard, ASU 2016-02
Prior Period Adjustments Restatement [Line Items]
Adoption of new accounting standard	(2,491)
Retained Earnings | Adoption of new accounting standard, ASU 2018-02
Prior Period Adjustments Restatement [Line Items]
Adoption of new accounting standard	$ 61,861

REVENUES - Contract Assets and

REVENUES - Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019	Dec. 29, 2018
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 1,641,758	$ 1,465,855	$ 1,566,202
Contract assets	1,789	2,569	550
Contract liabilities	$ 56,356	$ 30,181	$ 37,875

REVENUES - Additional Informati

REVENUES - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Dec. 28, 2019	Dec. 28, 2019
Revenue from Contract with Customer [Abstract]
Contract with customer, liability, revenue recognized	$ 106.2	$ 151.2

REVENUES - Additional informa_2

REVENUES - Additional information, Remaning Performance Obligation (Details) $ in Millions	Dec. 28, 2019USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-12-29
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, amount	$ 68.6

REVENUES - Disaggregation of Re

REVENUES - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Disaggregation of Revenue [Line Items]
Net revenues	$ 3,384,746	$ 3,227,712	$ 9,049,493	$ 8,584,237
United States
Disaggregation of Revenue [Line Items]
Net revenues	1,962,725	1,907,366	5,117,486	4,837,004
International
Disaggregation of Revenue [Line Items]
Net revenues	1,422,021	1,320,346	3,932,007	3,747,233
Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	1,805,157	1,745,549	5,480,681	5,329,304
Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	1,560,217	1,461,498	3,522,076	3,206,413
Royalty
Disaggregation of Revenue [Line Items]
Net revenues	19,372	20,665	46,736	48,520
Operating Segments
Disaggregation of Revenue [Line Items]
Net revenues	3,384,746	3,227,712	9,049,493	8,584,237
Operating Segments | Outdoor
Disaggregation of Revenue [Line Items]
Net revenues	1,659,108	1,612,605	3,795,665	3,647,708
Operating Segments | Outdoor | United States
Disaggregation of Revenue [Line Items]
Net revenues	903,184	889,298	1,943,491	1,826,230
Operating Segments | Outdoor | International
Disaggregation of Revenue [Line Items]
Net revenues	755,924	723,307	1,852,174	1,821,478
Operating Segments | Outdoor | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	857,939	839,579	2,375,117	2,280,071
Operating Segments | Outdoor | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	796,632	769,775	1,410,658	1,358,287
Operating Segments | Outdoor | Royalty
Disaggregation of Revenue [Line Items]
Net revenues	4,537	3,251	9,890	9,350
Operating Segments | Active
Disaggregation of Revenue [Line Items]
Net revenues	1,239,462	1,142,580	3,885,222	3,579,478
Operating Segments | Active | United States
Disaggregation of Revenue [Line Items]
Net revenues	686,733	638,179	2,109,479	1,934,778
Operating Segments | Active | International
Disaggregation of Revenue [Line Items]
Net revenues	552,729	504,401	1,775,743	1,644,700
Operating Segments | Active | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	527,206	490,985	1,897,118	1,829,861
Operating Segments | Active | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	706,186	642,571	1,969,700	1,728,779
Operating Segments | Active | Royalty
Disaggregation of Revenue [Line Items]
Net revenues	6,070	9,024	18,404	20,838
Operating Segments | Work
Disaggregation of Revenue [Line Items]
Net revenues	480,086	471,875	1,338,184	1,346,829
Operating Segments | Work | United States
Disaggregation of Revenue [Line Items]
Net revenues	372,808	379,237	1,064,516	1,065,774
Operating Segments | Work | International
Disaggregation of Revenue [Line Items]
Net revenues	107,278	92,638	273,668	281,055
Operating Segments | Work | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	415,262	414,333	1,185,716	1,209,150
Operating Segments | Work | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	56,059	49,152	134,026	119,347
Operating Segments | Work | Royalty
Disaggregation of Revenue [Line Items]
Net revenues	8,765	8,390	18,442	18,332
Other
Disaggregation of Revenue [Line Items]
Net revenues	6,090	652	30,422	10,222
Other | United States
Disaggregation of Revenue [Line Items]
Net revenues	0	652	0	10,222
Other | International
Disaggregation of Revenue [Line Items]
Net revenues	6,090	0	30,422	0
Other | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	4,750	652	22,730	10,222
Other | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	1,340	0	7,692	0
Other | Royalty
Disaggregation of Revenue [Line Items]
Net revenues	$ 0	$ 0	$ 0	$ 0

ACQUISITIONS - Additional Infor

ACQUISITIONS - Additional Information (Details) $ in Thousands, $ in Millions	Jun. 01, 2018USD ($)	Apr. 03, 2018USD ($)	Apr. 03, 2018NZD ($)	Dec. 29, 2018USD ($)	Dec. 28, 2019	Dec. 29, 2018USD ($)	Mar. 30, 2019USD ($)	Mar. 30, 2019NZD ($)
Icebreaker Holdings, Ltd
Business Acquisition [Line Items]
Business acquisition, percentage acquired		100.00%
Payments to acquire businesses		$ 198,500	$ 274.4
Adjustment, consideration transferred							$ 900	$ 1.4
Purchase price		197,609					197,600	273
Indefinite-lived intangible assets		70,100
Business acquisition, transaction costs recognized during period		7,400				$ 4,100
Gain on derivative		9,900				300
Altra
Business Acquisition [Line Items]
Business acquisition, percentage acquired	100.00%
Payments to acquire businesses	$ 131,700
Adjustment, consideration transferred							$ 100
Purchase price	131,557							$ 131.6
Indefinite-lived intangible assets	46,400
Purchase accounting adjustment, goodwill				$ 1,500
Customer relationships
Business Acquisition [Line Items]
Intangible assets, useful life					17 years
Customer relationships | Icebreaker Holdings, Ltd
Business Acquisition [Line Items]
Finite-lived intangibles		$ 27,800
Intangible assets, useful life		11 years 6 months	11 years 6 months
Customer relationships | Altra
Business Acquisition [Line Items]
Finite-lived intangibles	$ 13,000
Intangible assets, useful life	15 years
Distribution Rights | Icebreaker Holdings, Ltd
Business Acquisition [Line Items]
Finite-lived intangibles		$ 200
Intangible assets, useful life		4 years	4 years
Distribution Rights | Altra
Business Acquisition [Line Items]
Finite-lived intangibles	$ 300
Intangible assets, useful life	4 years
Selling, general and administrative expenses | Altra
Business Acquisition [Line Items]
Business acquisition, transaction costs recognized during period						$ 2,300

ACQUISITIONS - Purchase Price (

ACQUISITIONS - Purchase Price (Details) $ in Thousands, $ in Millions	Jun. 01, 2018USD ($)	Apr. 03, 2018USD ($)	Mar. 30, 2019USD ($)	Mar. 30, 2019NZD ($)	Dec. 28, 2019USD ($)	Dec. 29, 2018USD ($)
Business Acquisition [Line Items]
Goodwill			$ 1,541,314		$ 1,539,579	$ 1,536,544
Icebreaker Holdings, Ltd
Business Acquisition [Line Items]
Cash and equivalents		$ 6,444
Accounts receivable		16,781
Inventories		31,728
Other current assets		3,931
Property, plant and equipment		3,858
Intangible assets		98,041
Other assets		4,758
Total assets acquired		165,541
Short-term borrowings		7,235
Accounts payable		2,075
Other current liabilities		21,262
Deferred income tax liabilities		26,870
Other noncurrent liabilities		433
Total liabilities assumed		57,875
Net assets acquired		107,666
Goodwill		89,943
Purchase price		$ 197,609	$ 197,600	$ 273
Altra
Business Acquisition [Line Items]
Accounts receivable	$ 11,629
Inventories	9,310
Other current assets	575
Property, plant and equipment	1,107
Intangible assets	59,700
Total assets acquired	82,321
Accounts payable	5,068
Other current liabilities	7,415
Total liabilities assumed	12,483
Net assets acquired	69,838
Goodwill	61,719
Purchase price	$ 131,557			$ 131.6

DISCONTINUED OPERATIONS AND O_3

DISCONTINUED OPERATIONS AND OTHER DIVESTITURES - Additional Information (Details) € in Millions	May 22, 2019USD ($)	Oct. 26, 2018USD ($)	Oct. 05, 2018USD ($)	Oct. 05, 2018EUR (€)	Apr. 30, 2018USD ($)	Dec. 28, 2019USD ($)	Dec. 29, 2018USD ($)	Dec. 28, 2019USD ($)	Dec. 29, 2018USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Spinoff transaction conversion ratio	0.1428571429
Cash transferred								$ 126,800,000
Spin-off of Jeans Business								(54,915,000)
Income (loss) from discontinued operations, net of tax						$ 12,256,000	$ 54,389,000	(35,772,000)	$ 244,380,000
Restructuring expense								9,680,000
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Kontoor Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Credit facility amount outstanding	$ 500,000,000
Debt instrument, term	5 years
Long-term line of credit	$ 1,050,000,000
Cash received from Kontoor Brands, net of cash transferred of $126.8 million	906,100,000
Cash transferred	126,800,000
Spin-off of Jeans Business	54,900,000
Restructuring expense								59,500,000
Discontinued Operations, Disposed of by Sale | Kontoor Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations, net of tax								(35,772,000)
Discontinued Operations, Disposed of by Sale | Nautica
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business					$ 285,800,000
After-tax loss on sale					$ (38,200,000)
Decrease in income (loss) from discontinued operation during phase-out period							400,000		5,400,000
Discontinued Operations | Kontoor Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations, net of tax						$ 12,256,000	54,000,000	$ (35,800,000)	243,600,000
Discontinued Operations | Nautica
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations, net of tax							400,000		800,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Kontoor Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Support services period (up to)								24 months
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Reef
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business		$ 139,400,000
After-tax loss on sale		$ (14,400,000)					$ 4,500,000		14,400,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Van Moer
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business			$ 8,100,000	€ 7
After-tax loss on sale									$ (22,400,000)
Maximum | Discontinued Operations, Disposed of by Sale | Nautica
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Support services period (up to)								12 months
Credit Agreement | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Kontoor Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Credit facility amount outstanding	1,550,000,000
Term loan | Term Loan A Facility | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Kontoor Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Credit facility amount outstanding	$ 750,000,000
Debt instrument, term	5 years
Term loan | Term Loan B Facility | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Kontoor Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Credit facility amount outstanding	$ 300,000,000
Debt instrument, term	7 years
Accumulated Other Comprehensive Income (Loss)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Spin-off of Jeans Business								$ 75,293,000
Accumulated Other Comprehensive Income (Loss) | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Kontoor Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Spin-off of Jeans Business	$ (75,300,000)

DISCONTINUED OPERATIONS AND O_4

DISCONTINUED OPERATIONS AND OTHER DIVESTITURES - Summary of Major Line Items included in Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations, net of tax	$ 12,256	$ 54,389	$ (35,772)	$ 244,380
Kontoor Brands | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues	0
Cost of goods sold	0
Selling, general and administrative expenses	0
Interest, net	0
Other income (expense), net	0
Income (loss) from discontinued operations before income taxes	0
Gain on the sale of discontinued operations before income taxes	0
Total income (loss) from discontinued operations before income taxes	0
Income tax expense	12,256
Income (loss) from discontinued operations, net of tax	$ 12,256	54,000	(35,800)	243,600
Kontoor Brands | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues			335,203
Cost of goods sold			203,124
Selling, general and administrative expenses			152,798
Interest, net			(552)
Other income (expense), net			(667)
Income (loss) from discontinued operations before income taxes			(21,938)
Gain on the sale of discontinued operations before income taxes			0
Total income (loss) from discontinued operations before income taxes			(21,938)
Income tax expense			(13,834)
Income (loss) from discontinued operations, net of tax			$ (35,772)
Kontoor Brands and Nautica | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues		712,447		2,073,367
Cost of goods sold		431,711		1,231,315
Selling, general and administrative expenses		209,651		544,685
Interest, net		1,373		3,650
Other income (expense), net		(747)		(3,801)
Income (loss) from discontinued operations before income taxes		71,711		297,216
Gain on the sale of discontinued operations before income taxes		383		4,589
Total income (loss) from discontinued operations before income taxes		72,094		301,805
Income tax expense		(17,705)		(57,425)
Income (loss) from discontinued operations, net of tax		$ 54,389		$ 244,380

DISCONTINUED OPERATIONS AND O_5

DISCONTINUED OPERATIONS AND OTHER DIVESTITURES - Summary of Carrying Amounts of Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019	Dec. 29, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other assets	$ 0	$ 481,718	$ 474,039
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and equivalents	0
Accounts receivable, net	0
Inventories	0
Other current assets	0
Property, plant and equipment, net	0
Intangible assets	0
Goodwill	0
Other assets	0
Total assets of discontinued operations	0
Short-term borrowings	0
Accounts payable	0
Accrued liabilities	0
Other liabilities	0
Total liabilities of discontinued operations	$ 0
Kontoor Brands | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and equivalents		97,892	83,334
Accounts receivable, net		242,941	208,258
Inventories		510,370	464,454
Other current assets		44,827	44,444
Property, plant and equipment, net		142,091	138,975
Intangible assets		51,913	53,059
Goodwill		213,570	219,612
Other assets		74,144	62,393
Total assets of discontinued operations		1,377,748	1,274,529
Short-term borrowings		5,995	3,215
Accounts payable		113,866	109,272
Accrued liabilities		141,621	118,531
Other liabilities		48,581	45,896
Total liabilities of discontinued operations		$ 310,063	$ 276,914

SALE OF ACCOUNTS RECEIVABLE (De

SALE OF ACCOUNTS RECEIVABLE (Details)	Dec. 28, 2019USD ($)
Receivables [Abstract]
Accounts receivable removed related to sale of accounts receivable	$ 0

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019	Dec. 29, 2018
Inventory Disclosure [Abstract]
Finished products	$ 1,422,605	$ 1,284,293	$ 1,250,764
Work-in-process	80,338	73,968	73,480
Raw materials	62,027	74,399	77,377
Total inventories	$ 1,564,970	$ 1,432,660	$ 1,401,621

INTANGIBLE ASSETS - Schedule of

INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 28, 2019	Mar. 30, 2019	Dec. 29, 2018
Amortizable intangible assets:
Net Carrying Amount	$ 184,995	$ 204,367
Indefinite-lived intangible assets:
Trademarks and trade names	1,763,237	1,767,997
Intangible assets, net	$ 1,948,232	1,972,364	$ 2,002,906
Customer relationships
Amortizable intangible assets:
Weighted Average Amortization Period	17 years
Cost	$ 330,196
Accumulated Amortization	151,286
Net Carrying Amount	$ 178,910	197,129
License agreements
Amortizable intangible assets:
Weighted Average Amortization Period	19 years
Cost	$ 7,516
Accumulated Amortization	4,893
Net Carrying Amount	$ 2,623	2,807
Trademark
Amortizable intangible assets:
Weighted Average Amortization Period	3 years
Cost	$ 800
Accumulated Amortization	575
Net Carrying Amount	$ 225	399
Other
Amortizable intangible assets:
Weighted Average Amortization Period	8 years
Cost	$ 8,213
Accumulated Amortization	4,976
Net Carrying Amount	$ 3,237	$ 4,032

INTANGIBLE ASSETS - Additional

INTANGIBLE ASSETS - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 28, 2019	Dec. 28, 2019	Mar. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 6,100	$ 18,600
Estimated amortization expense, 2020	25,500	25,500
Estimated amortization expense, 2021	24,100	24,100
Estimated amortization expense, 2022	22,600	22,600
Estimated amortization expense, 2023	21,200	21,200
Estimated amortization expense, 2024	20,400	20,400
Amortizable intangible assets	184,995	184,995	$ 204,367
Trademark
Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets	$ 225	$ 225	$ 399

GOODWILL - Changes in Goodwill

GOODWILL - Changes in Goodwill (Details) $ in Thousands	9 Months Ended
	Dec. 28, 2019USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 1,541,314
Currency translation	(1,735)
Goodwill, ending balance	1,539,579
Outdoor
Goodwill [Roll Forward]
Goodwill, beginning balance	983,889
Currency translation	(1,201)
Goodwill, ending balance	982,688
Active
Goodwill [Roll Forward]
Goodwill, beginning balance	393,956
Currency translation	(309)
Goodwill, ending balance	393,647
Work
Goodwill [Roll Forward]
Goodwill, beginning balance	163,469
Currency translation	(225)
Goodwill, ending balance	$ 163,244

GOODWILL - Additional Informati

GOODWILL - Additional Information (Details)	9 Months Ended
	Dec. 28, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment charge	$ 0

LEASES - Additional Information

LEASES - Additional Information (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 28, 2019USD ($)	Dec. 28, 2019USD ($)
Lessee, Lease, Description [Line Items]
Gain (loss) recognized from sale-leaseback transactions	$ 0	$ (11,329)
Minimum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term	2 years	2 years
Maximum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term	15 years	15 years
Real Estate
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term	15 years	15 years
Real Estate | Minimum
Lessee, Lease, Description [Line Items]
Initial term of most leases	3 years	3 years
Real Estate | Maximum
Lessee, Lease, Description [Line Items]
Initial term of most leases	15 years	15 years
Equipment | Minimum
Lessee, Lease, Description [Line Items]
Initial term of most leases	2 years	2 years
Equipment | Maximum
Lessee, Lease, Description [Line Items]
Initial term of most leases	5 years	5 years
Vehicles | Minimum
Lessee, Lease, Description [Line Items]
Initial term of most leases	1 year	1 year
Vehicles | Maximum
Lessee, Lease, Description [Line Items]
Initial term of most leases	8 years	8 years

LEASES - Carrying Values of Lea

LEASES - Carrying Values of Leases (Details) - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019	Dec. 29, 2018
Assets:
Operating lease right-of-use assets	$ 1,298,631	$ 0	$ 0
Finance lease assets	22,499
Total lease assets	1,321,130
Current
Operating lease liabilities	312,704
Finance lease liabilities	4,677
Noncurrent
Operating lease liabilities	1,052,854	$ 0	$ 0
Finance lease liabilities	24,959
Total lease liabilities	$ 1,395,194

LEASES - Lease Costs (Details)

LEASES - Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 28, 2019	Dec. 28, 2019
Leases [Abstract]
Operating lease cost	$ 105,510	$ 315,938
Finance lease cost – amortization of right-of-use assets	970	3,002
Finance lease cost – interest on lease liabilities	253	807
Short-term lease cost	672	1,937
Variable lease cost	31,707	89,693
Impairment	3,035	3,035
Gain recognized from sale-leaseback transactions	0	(11,329)
Total lease cost	$ 142,147	$ 403,083

LEASES - Cash Flow Information

LEASES - Cash Flow Information (Details) $ in Thousands	9 Months Ended
	Dec. 28, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – operating leases	$ 320,589
Operating cash flows – finance leases	807
Financing cash flows – finance leases	3,967
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	358,159
Finance leases	$ 0

LEASES - Lease Term and Discoun

LEASES - Lease Term and Discount Rate (Details)	Dec. 28, 2019
Weighted average remaining lease term:
Operating leases	5 years 6 months 14 days
Finance leases	13 years 7 months 20 days
Weighted average discount rate:
Operating leases	2.43%
Finance leases	3.12%

LEASES - Maturities of Operatin

LEASES - Maturities of Operating and Financing Lease Liabilities (Details) $ in Thousands	Dec. 28, 2019USD ($)
Operating Leases
Remainder of 2020	$ 42,116
2021	417,892
2022	300,452
2023	223,579
2024	146,783
Thereafter	334,070
Total lease payments	1,464,892
Less: present value adjustment	99,334
Present value of lease liabilities	1,365,558
Finance Leases
Remainder of 2020	1,006
2021	6,532
2022	1,910
2023	1,626
2024	1,550
Thereafter	23,495
Total lease payments	36,119
Less: present value adjustment	6,483
Present value of lease liabilities	29,636
Total
Remainder of 2020	43,122
2021	424,424
2022	302,362
2023	225,205
2024	148,333
Thereafter	357,565
Total lease payments	1,501,011
Less: present value adjustment	105,817
Total lease liabilities	1,395,194
Lease not yet commenced	$ 295,000
Minimum
Total
Lease not yet commenced, term	2 years
Maximum
Total
Lease not yet commenced, term	15 years

LEASES - Future Minimum Lease P

LEASES - Future Minimum Lease Payments (Details) $ in Thousands	Mar. 30, 2019USD ($)
Leases [Abstract]
2020	$ 320,224
2021	287,829
2022	212,918
2023	154,920
2024	100,789
Thereafter	251,228
Total lease payments	$ 1,327,908

PENSION PLANS - Components of P

PENSION PLANS - Components of Pension Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Retirement Benefits [Abstract]
Service cost – benefits earned during the period	$ 3,401	$ 6,097	$ 10,192	$ 17,882
Interest cost on projected benefit obligations	14,581	15,807	44,085	47,638
Expected return on plan assets	(23,176)	(23,185)	(69,505)	(70,216)
Settlement charges	24,943	662	25,462	8,846
Curtailments	0	0	0	9,483
Amortization of deferred amounts:
Net deferred actuarial losses	4,203	6,676	12,236	22,153
Deferred prior service costs (credits)	13	(58)	38	552
Net periodic pension cost (income)	$ 23,965	$ 5,999	$ 22,508	$ 36,338

PENSION PLANS - Additional Info

PENSION PLANS - Additional Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019USD ($)participant	Dec. 29, 2018USD ($)	Dec. 28, 2019USD ($)	Dec. 29, 2018USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit pension plan contributed			$ 13,100
Defined benefit pension plan additional contributions to make next fiscal year	$ 13,200		13,200
Pension curtailment losses	0	$ 0	0	$ 9,483
Settlement charges	$ 24,943	662	25,462	8,846
U.S. qualified defined benefit pension plan | United States
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Settlement distribution, number of participants | participant	2,400
Settlement distribution, number of participants, acceptance percentage	40.00%
Settlement distribution, number of participants, reduction of participants percentage	10.00%
Benefits paid	$ 130,000
Benefit obligation, benefits paid	170,000
Settlement charges	22,900
Supplemental defined benefit pension plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Settlement charges	$ 2,000	$ 700	$ 2,500	$ 8,800

PENSION PLANS - Discount Rates

PENSION PLANS - Discount Rates (Details)	Dec. 31, 2019	Sep. 30, 2019
Supplemental defined benefit pension plan
Defined Benefit Plan Disclosure [Line Items]
Supplemental defined benefit pension plan		3.23%
Subsequent Event | U.S. qualified defined benefit pension plan | United States
Defined Benefit Plan Disclosure [Line Items]
Supplemental defined benefit pension plan	3.34%
Subsequent Event | Supplemental defined benefit pension plan
Defined Benefit Plan Disclosure [Line Items]
Supplemental defined benefit pension plan	3.35%

CAPITAL AND ACCUMULATED OTHER_3

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018	Mar. 30, 2019
Equity [Abstract]
Purchases of treasury stock (in shares)			5,800,000
Purchase of treasury stock	$ 500,003	$ 150,196	$ 500,003	$ 150,676
Treasury stock, retired (in shares)			5,800,000
Treasury shares (in shares)	0	0	0	0	0
Common Stock, stated value (in USD per share)	$ 0.25	$ 0.25	$ 0.25	$ 0.25	$ 0.25
Shares held for deferred compensation plans (in shares)	0	147,464	0	147,464	0

CAPITAL AND ACCUMULATED OTHER_4

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Shares Held for Deferred Compensation Plans (Details) - USD ($)	Dec. 28, 2019	Mar. 30, 2019	Dec. 29, 2018
Equity [Abstract]
Shares held for deferred compensation plans (in shares)	0	0	147,464
Cost of shares held for deferred compensation plans	$ 0	$ 0	$ 2,126,000

CAPITAL AND ACCUMULATED OTHER_5

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity (Details) - USD ($) $ in Thousands	Dec. 28, 2019	Sep. 28, 2019	Mar. 30, 2019	Dec. 29, 2018	Sep. 29, 2018	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total stockholders’ equity	$ 4,567,590	$ 4,647,619	$ 4,298,516	$ 4,300,624	$ 4,179,556	$ 3,688,096
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total stockholders’ equity	(663,319)	(715,286)	(725,679)	(737,127)	(665,962)	(476,869)
Defined Benefit Pension Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total stockholders’ equity	(249,530)	(298,326)	(243,184)	(219,644)	(226,039)	(289,618)
Derivative financial instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total stockholders’ equity	17,477	82,887	66,788
Derivative Financial Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total stockholders’ equity			66,788	70,206	29,085	(97,543)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total stockholders’ equity	$ (895,372)	$ (930,725)	$ (902,075)	$ (886,565)	$ (862,916)	$ (864,030)

CAPITAL AND ACCUMULATED OTHER_6

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Changes in Accumulated OCI, Net of Related Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018	Mar. 31, 2019	Apr. 01, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	$ 4,647,619	$ 4,179,556	$ 4,298,516	$ 3,688,096
Adoption of new accounting standard						$ 1,956
Other comprehensive income (loss) before reclassifications	32,258	(33,481)	12,174	(85,340)
Amounts reclassified from accumulated other comprehensive income (loss)	3,095	9,832	(18,903)	62,805
Spin-off of Jeans Business			(54,915)
Other comprehensive income (loss)	35,353	(23,649)	(6,729)	(22,535)
Balance	4,567,590	4,300,624	4,567,590	4,300,624
Foreign Currency Translation and Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(715,286)	(665,962)	(725,679)	(476,869)
Adoption of new accounting standard					$ (9,088)
Other comprehensive income (loss) before reclassifications	51,967	(71,165)	(11,646)	(260,258)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Spin-off of Jeans Business			83,094
Other comprehensive income (loss)	51,967	(71,165)	62,360	(260,258)
Balance	(663,319)	(737,127)	(663,319)	(737,127)
Defined Benefit Pension Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(298,326)	(226,039)	(243,184)	(289,618)
Adoption of new accounting standard					(50,402)
Other comprehensive income (loss) before reclassifications	26,827	1,065	15,108	39,877
Amounts reclassified from accumulated other comprehensive income (loss)	21,969	5,330	28,154	30,097
Spin-off of Jeans Business			794
Other comprehensive income (loss)	48,796	6,395	(6,346)	69,974
Balance	(249,530)	(219,644)	(249,530)	(219,644)
Derivative Financial Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	82,887		66,788
Adoption of new accounting standard					(2,371)
Other comprehensive income (loss) before reclassifications	(46,536)		8,712
Amounts reclassified from accumulated other comprehensive income (loss)	(18,874)		(47,057)
Spin-off of Jeans Business			(8,595)
Other comprehensive income (loss)	(65,410)		(49,311)
Balance	17,477		17,477
Derivative Financial Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance		29,085	66,788	(97,543)
Other comprehensive income (loss) before reclassifications		36,619		135,041
Amounts reclassified from accumulated other comprehensive income (loss)		4,502		32,708
Other comprehensive income (loss)		41,121		167,749
Balance		70,206		70,206
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(930,725)	(862,916)	(902,075)	(864,030)
Adoption of new accounting standard					$ (61,861)
Spin-off of Jeans Business			75,293
Other comprehensive income (loss)	35,353	(23,649)	6,703	(22,535)
Balance	$ (895,372)	$ (886,565)	$ (895,372)	$ (886,565)

CAPITAL AND ACCUMULATED OTHER_7

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Reclassification Out of Accumulated OCI (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	$ (22,152)	$ (1,027)	$ (18,367)	$ (52,422)
Net revenues	3,384,746	3,227,712	9,049,493	8,584,237
Cost of goods sold	(1,500,463)	(1,464,761)	(4,133,884)	(4,015,441)
Selling, general and administrative expenses	(1,305,481)	(1,242,131)	(3,624,450)	(3,389,891)
Interest expense	(22,303)	(28,336)	(65,240)	(83,640)
Total before tax	539,836	494,573	1,225,153	1,049,589
Tax (expense) benefit	(87,089)	(85,453)	(26,156)	(162,981)
Income from continuing operations	452,747	409,120	1,198,997	886,608
Total reclassifications for the period, net of tax	(3,095)	(9,832)	18,903	(62,805)
Defined Benefit Pension Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period, net of tax	(21,969)	(5,330)	(28,154)	(30,097)
Gains (losses) on derivative financial instruments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period, net of tax	18,874		47,057
Gains (losses) on derivative financial instruments:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period, net of tax		(4,502)		(32,708)
Reclassification out of Accumulated Other Comprehensive Income | Net deferred actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	(4,203)	(6,676)	(12,236)	(22,153)
Reclassification out of Accumulated Other Comprehensive Income | Deferred prior service (costs) credits
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	(13)	58	(38)	(552)
Reclassification out of Accumulated Other Comprehensive Income | Pension curtailment losses and settlement charges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	(24,943)	(662)	(25,462)	(18,329)
Reclassification out of Accumulated Other Comprehensive Income | Defined Benefit Pension Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	(29,159)	(7,280)	(37,736)	(41,034)
Tax (expense) benefit	7,190	1,950	9,582	10,937
Income from continuing operations	(21,969)	(5,330)	(28,154)	(30,097)
Reclassification out of Accumulated Other Comprehensive Income | Gains (losses) on derivative financial instruments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	22,563		56,746
Tax (expense) benefit	(3,689)		(9,689)
Income from continuing operations	18,874		47,057
Reclassification out of Accumulated Other Comprehensive Income | Gains (losses) on derivative financial instruments | Foreign currency exchange
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	1,006		7,574
Net revenues	(5,507)		(11,226)
Cost of goods sold	27,157		60,989
Selling, general and administrative expenses	1,231		3,329
Reclassification out of Accumulated Other Comprehensive Income | Gains (losses) on derivative financial instruments | Interest rate contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ (1,324)		$ (3,920)
Reclassification out of Accumulated Other Comprehensive Income | Gains (losses) on derivative financial instruments:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax		(5,391)		(35,554)
Tax (expense) benefit		889		2,846
Income from continuing operations		(4,502)		(32,708)
Reclassification out of Accumulated Other Comprehensive Income | Gains (losses) on derivative financial instruments: | Foreign currency exchange
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net		690		(1,673)
Net revenues		772		6,244
Cost of goods sold		(4,570)		(31,146)
Selling, general and administrative expenses		(1,020)		(5,240)
Reclassification out of Accumulated Other Comprehensive Income | Gains (losses) on derivative financial instruments: | Interest rate contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense		$ (1,263)		$ (3,739)

STOCK-BASED COMPENSATION - Addi

STOCK-BASED COMPENSATION - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended
	Dec. 28, 2019	Dec. 28, 2019	May 22, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period (in shares)		1,505,009
Exercise price of options granted (in USD per share)		$ 84.28
Share based compensation vesting period		3 years
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period		3 years
Restricted stock units granted in period (in shares)		274,512
Performance period		3 years
Grant date fair value of each restricted units granted (in USD per share)		$ 84.28
Percentage of targets award adjusted to actual number of shares earned		25.00%
Performance-Based Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ratio of shares of common stock to be issued for each restricted stock unit granted (in shares)	0	0
Performance-Based Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ratio of shares of common stock to be issued for each restricted stock unit granted (in shares)	2	2
TSR Adjustment Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of each restricted units granted (in USD per share)		$ 7.11
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period		4 years
Restricted stock units granted in period (in shares)		70,884
Grant date fair value of each restricted units granted (in USD per share)		$ 85.63
Board of Directors | Nonperformance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period		1 year
Restricted stock units granted in period (in shares)		10,780
Grant date fair value of each restricted units granted (in USD per share)		$ 84.23
Key Employees In International Jurisdictions | Nonperformance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted in period (in shares)		7,500
Ratio of shares of common stock to be issued for each restricted stock unit granted (in shares)	1	1
Grant date fair value of each restricted units granted (in USD per share)		$ 84.23
Employees | Nonperformance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted in period (in shares)		174,042,000
Ratio of shares of common stock to be issued for each restricted stock unit granted (in shares)	1	1
Grant date fair value of each restricted units granted (in USD per share)		$ 84.25
Tranche One | Key Employees In International Jurisdictions | Nonperformance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period		2 years
Award vesting rights		50.00%
Tranche One | Employees | Nonperformance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period		2 years
Award vesting rights		50.00%
Tranche Two | Key Employees In International Jurisdictions | Nonperformance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period		4 years
Award vesting rights		50.00%
Tranche Two | Employees | Nonperformance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period		4 years
Award vesting rights		50.00%
Spinoff
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost not yet recognized			$ 13
Share-based payment arrangement, expense	$ 0.2	$ 12.5
Options, outstanding (in shares)			756,709
Spinoff | Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, nonvested (in shares)			52,018
Spinoff | Nonperformance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, nonvested (in shares)			79,187
Spinoff | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, nonvested (in shares)			112,763

STOCK-BASED COMPENSATION - Assu

STOCK-BASED COMPENSATION - Assumptions Used and Resulting Weighted Average Fair Value of Stock Option Granted (Details)	9 Months Ended
	Dec. 28, 2019$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum	24.00%
Expected volatility, maximum	27.00%
Weighted average expected volatility	25.00%
Weighted average dividend yield	2.50%
Risk-free interest rate, minimum	1.60%
Risk-free interest rate, maximum	2.40%
Weighted average fair value at date of grant (in USD per share)	$ 17.19
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 years 1 month 12 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	7 years 7 months 6 days

INCOME TAXES (Details)

INCOME TAXES (Details) € in Millions, $ in Millions	Jan. 13, 2017USD ($)	Jan. 13, 2017EUR (€)	Jan. 31, 2018USD ($)	Jan. 31, 2018EUR (€)	Dec. 28, 2019USD ($)	Dec. 29, 2018USD ($)	Jan. 10, 2017EUR (€)
Income Tax Contingency [Line Items]
Effective income tax rate					2.10%	15.50%
Tax benefit related stock compensation						$ 17.8
Realization of unrecognized net tax benefit (expense)						(3.4)
Expense, accrual adjustment						(5.9)
Tax settlement, percent					13.90%
Tax settlement benefit					$ 164.4
Net discrete tax benefits					$ 169.7	(14.8)
Tax cuts and jobs act, income tax expense benefit						$ (23.3)
Tax reduction due to discrete items						1.40%
Change in effective income tax rate without discrete items					1.90%
Decrease in unrecognized tax benefits and associated interest					$ (24.4)
Net unrecognized tax benefits and interest, if recognized, would reduce the annual effective tax rate					149.5
Possible decrease in unrecognized income tax benefits					(15.1)
Reduction in income tax expenses					$ (11)
VF Europe BVBA | Domestic Tax Authority | Administration of the Treasury, Belgium
Income Tax Contingency [Line Items]
Tax and interest from settlement | €							€ 31.9
Tax remitted	$ 33.9	€ 31.9	$ 3.8	€ 3.1

REPORTABLE SEGMENT INFORMATIO_2

REPORTABLE SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Segment Reporting Information [Line Items]
Total segment revenues	$ 3,384,746	$ 3,227,712	$ 9,049,493	$ 8,584,237
Operating income	578,802	520,820	1,291,159	1,178,905
Income from continuing operations before income taxes	539,836	494,573	1,225,153	1,049,589
Operating Segments
Segment Reporting Information [Line Items]
Total segment revenues	3,384,746	3,227,712	9,049,493	8,584,237
Operating income	687,225	667,569	1,646,103	1,565,640
Operating Segments | Outdoor
Segment Reporting Information [Line Items]
Total segment revenues	1,659,108	1,612,605	3,795,665	3,647,708
Operating income	348,995	338,009	525,107	512,635
Operating Segments | Active
Segment Reporting Information [Line Items]
Total segment revenues	1,239,462	1,142,580	3,885,222	3,579,478
Operating income	286,474	272,862	982,240	893,110
Operating Segments | Work
Segment Reporting Information [Line Items]
Total segment revenues	480,086	471,875	1,338,184	1,346,829
Operating income	54,556	56,178	140,791	156,425
Other
Segment Reporting Information [Line Items]
Total segment revenues	6,090	652	30,422	10,222
Operating income	(2,800)	520	(2,035)	3,470
Interest expense, net	(16,814)	(25,220)	(47,639)	(76,894)
Corporate and other expenses
Segment Reporting Information [Line Items]
Corporate and other expenses	$ (130,575)	(147,776)	$ (373,311)	(439,157)
Continuing Operations
Segment Reporting Information [Line Items]
Certain corporate overhead costs allocated to selling, general, and administrative expense		$ 25,300		$ 70,900

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Earnings per share – basic:
Income from continuing operations	$ 452,747	$ 409,120	$ 1,198,997	$ 886,608
Weighted average common shares outstanding (in shares)	395,940	395,294	396,806	395,117
Earnings per share from continuing operations (in USD per share)	$ 1.14	$ 1.03	$ 3.02	$ 2.24
Earnings per share – diluted:
Income from continuing operations	$ 452,747	$ 409,120	$ 1,198,997	$ 886,608
Weighted average common shares outstanding (in shares)	395,940	395,294	396,806	395,117
Incremental shares from stock options and other dilutive securities (in shares)	4,382	4,473	4,693	5,301
Adjusted weighted average common shares outstanding (in shares)	400,322	399,767	401,499	400,418
Earnings per share from continuing operations (in USD per share)	$ 1.13	$ 1.02	$ 2.99	$ 2.21

EARNINGS PER SHARE - Additional

EARNINGS PER SHARE - Additional Information (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Employees And Non Employees Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options excluded from computation of earnings per share	1.5	0.1	1.5	0.6
Performance-Based Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options excluded from computation of earnings per share	0.8	0.9	0.8	0.9

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Details) - USD ($) $ in Millions	Dec. 28, 2019	Mar. 30, 2019	Dec. 29, 2018
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	$ 2,115.2	$ 2,121.1
Fair Value | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	2,392	2,318.6
Foreign currency exchange
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, notional amount	$ 2,800	$ 2,800	$ 2,700

FAIR VALUE MEASUREMENTS - Measu

FAIR VALUE MEASUREMENTS - Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019	Dec. 29, 2018
Financial assets:
Derivative financial instruments	$ 51,643	$ 92,771	$ 88,910
Investment securities	134,026	186,698
Financial liabilities:
Derivative financial instruments	42,979	22,337	$ 7,361
Deferred compensation	145,814	199,336
Level 1
Financial assets:
Derivative financial instruments	0	0
Investment securities	128,409	176,209
Financial liabilities:
Derivative financial instruments	0	0
Deferred compensation	0	0
Level 2
Financial assets:
Derivative financial instruments	51,643	92,771
Investment securities	5,617	10,489
Financial liabilities:
Derivative financial instruments	42,979	22,337
Deferred compensation	145,814	199,336
Level 3
Financial assets:
Derivative financial instruments	0	0
Investment securities	0	0
Financial liabilities:
Derivative financial instruments	0	0
Deferred compensation	0	0
Money market funds
Financial assets:
Cash equivalents	247,270	248,560
Money market funds | Level 1
Financial assets:
Cash equivalents	247,270	248,560
Money market funds | Level 2
Financial assets:
Cash equivalents	0	0
Money market funds | Level 3
Financial assets:
Cash equivalents	0	0
Time deposits
Financial assets:
Cash equivalents	2,689	8,257
Time deposits | Level 1
Financial assets:
Cash equivalents	2,689	8,257
Time deposits | Level 2
Financial assets:
Cash equivalents	0	0
Time deposits | Level 3
Financial assets:
Cash equivalents	$ 0	0
Spinoff
Financial liabilities:
Deferred compensation		$ 50,800

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Additional Information (Details) € in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Dec. 28, 2019USD ($)	Dec. 29, 2018USD ($)	Dec. 28, 2019USD ($)	Dec. 29, 2018USD ($)	Dec. 28, 2019EUR (€)	Mar. 30, 2019USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative contract maturity (up to)			20 months
Net pretax deferred gains for foreign currency exchange contracts that are expected to be reclassified to earnings during next 12 months	$ 25.5		$ 25.5
Interest rate cash flow hedge loss reclassified to earnings, net	1.3	$ 1.3	3.9	$ 3.7
Net deferred loss in accumulated OCI expected to be reclassified to earnings over remainder of year	5.4		5.4
Foreign currency exchange
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	2,800	2,700	2,800	2,700		$ 2,800
Net Investment Hedge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount | €					€ 850
Gain (loss) on derivative used in net investment hedge	15.3	$ 10.9	2.3	$ 55.8
Long-term Debt
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Remaining pretax deferred net loss in Accumulated OCI	$ 7.8		$ 7.8

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Outstanding Derivatives on Individual Contract Basis at Gross Amounts (Details) - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019	Dec. 29, 2018
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value of Derivatives with Unrealized Gains	$ 51,643	$ 92,771	$ 88,910
Fair Value of Derivatives with Unrealized Losses	(42,979)	(22,337)	(7,361)
Foreign currency exchange contracts designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value of Derivatives with Unrealized Gains	46,573	92,356	88,910
Fair Value of Derivatives with Unrealized Losses	(42,050)	(21,798)	(7,197)
Foreign currency exchange contracts not designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value of Derivatives with Unrealized Gains	5,070	415	0
Fair Value of Derivatives with Unrealized Losses	$ (929)	$ (539)	$ (164)

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Fair Value of Derivative Assets and Liabilities in Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019	Dec. 29, 2018
Derivative Asset
Gross amounts presented in the Consolidated Balance Sheets	$ 51,643	$ 92,771	$ 88,910
Gross amounts not offset in the Consolidated Balance Sheets	(27,958)	(22,274)	(7,273)
Net amounts	23,685	70,497	81,637
Derivative Liability
Gross amounts presented in the Consolidated Balance Sheets	(42,979)	(22,337)	(7,361)
Gross amounts not offset in the Consolidated Balance Sheets	27,958	22,274	7,273
Net amounts	$ (15,021)	$ (63)	$ (88)

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Derivatives Classified as Current or Noncurrent Based on Maturity Dates (Details) - USD ($) $ in Thousands	Dec. 28, 2019	Mar. 30, 2019	Dec. 29, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Other current assets	$ 49,650	$ 83,582	$ 78,594
Accrued liabilities	(34,710)	(18,590)	(5,540)
Other assets	1,993	9,189	10,316
Other liabilities	$ (8,269)	$ (3,747)	$ (1,821)

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Effects of Cash Flow Hedging included in Consolidated Statements of Income and Consolidated Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in OCI	$ (56,699)		$ 9,471
Gain (Loss) on Derivatives Recognized in OCI		$ 43,836		$ 153,705
Gain (Loss) Reclassified from Accumulated OCI into Income	22,563		56,746
Gain (Loss) Reclassified from Accumulated OCI into Income		(5,391)		(35,554)
Foreign currency exchange
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in OCI	(56,699)		9,471
Gain (Loss) on Derivatives Recognized in OCI		43,836		153,705
Foreign currency exchange | Net sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	(5,507)		(11,226)
Gain (Loss) Reclassified from Accumulated OCI into Income		772		6,244
Foreign currency exchange | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	27,157		60,989
Gain (Loss) Reclassified from Accumulated OCI into Income		(4,570)		(31,146)
Foreign currency exchange | Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	1,231		3,329
Gain (Loss) Reclassified from Accumulated OCI into Income		(1,020)		(5,240)
Foreign currency exchange | Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	1,006		7,574
Gain (Loss) Reclassified from Accumulated OCI into Income		690		(1,673)
Interest rate contracts | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	$ (1,324)		$ (3,920)
Gain (Loss) Reclassified from Accumulated OCI into Income		$ (1,263)		$ (3,739)

RESTRUCTURING - Additional Info

RESTRUCTURING - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018	Mar. 30, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 3,859	$ 3,806	$ 9,680	$ 26,193
Restructuring reserve	34,857		34,857		$ 69,141
Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3,700		7,100
Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Restructuring charges	200		2,600
Accrued Current Liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	34,200		34,200
Other Noncurrent Liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	$ 700		$ 700

RESTRUCTURING - Activity in Res

RESTRUCTURING - Activity in Restructuring Accrual (Details) $ in Thousands	9 Months Ended
	Dec. 28, 2019USD ($)
Restructuring Reserve [Roll Forward]
Amounts recorded in accrued liabilities, beginning	$ 69,141
Charges	9,680
Cash payments	(45,211)
Adjustments to accruals	4,245
Impact of foreign currency	(2,998)
Amounts recorded in accrued liabilities. ending	34,857
Severance
Restructuring Reserve [Roll Forward]
Amounts recorded in accrued liabilities, beginning	58,106
Charges	7,116
Cash payments	(33,965)
Adjustments to accruals	3,101
Impact of foreign currency	(2,285)
Amounts recorded in accrued liabilities. ending	32,073
Other
Restructuring Reserve [Roll Forward]
Amounts recorded in accrued liabilities, beginning	11,035
Charges	2,564
Cash payments	(11,246)
Adjustments to accruals	1,144
Impact of foreign currency	(713)
Amounts recorded in accrued liabilities. ending	$ 2,784

RESTRUCTURING - Restructuring c

RESTRUCTURING - Restructuring costs by business segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 3,859	$ 3,806	$ 9,680	$ 26,193
Operating Segments | Outdoor
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,670	2,276	6,400	15,171
Operating Segments | Active
Restructuring Cost and Reserve [Line Items]
Restructuring charges	322	485	789	3,537
Operating Segments | Work
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,460	0	2,084	3,939
Corporate and other
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 407	$ 1,045	$ 407	$ 3,546

CONTINGENCIES (Details)

CONTINGENCIES (Details) $ in Millions	9 Months Ended
	Dec. 28, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Estimate of possible loss interest payments	$ 151
Estimate of possible loss	$ 136

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) - USD ($) $ / shares in Units, shares in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 03, 2020	Dec. 28, 2019	Dec. 29, 2018	Dec. 28, 2019	Dec. 29, 2018	Jan. 17, 2020
Subsequent Event [Line Items]
Purchases of treasury stock (in shares)				5.8
Purchase of treasury stock		$ 500,003,000	$ 150,196,000	$ 500,003,000	$ 150,676,000
Subsequent Event
Subsequent Event [Line Items]
Purchases of treasury stock (in shares)	1.9
Purchase of treasury stock	$ 160,500,000
Treasury stock acquired (in USD per share)	$ 83.59
Repurchase amount	$ 500,000,000
Subsequent Event | Dividend Declared
Subsequent Event [Line Items]
Cash dividend (in USD per share)						$ 0.48
Debt Instrument, Redemption, Period Three | Notes Payable to Banks | Subsequent Event
Subsequent Event [Line Items]
Notes, stated percentage	6.00%
Long - term debt, face amount	$ 300,000,000
Debt Instrument, Redemption, Period Four | Notes Payable to Banks | Subsequent Event
Subsequent Event [Line Items]
Notes, stated percentage	6.45%
Long - term debt, face amount	$ 350,000,000
Debt Instrument, Redemption, Period Two | Notes Payable to Banks | Subsequent Event
Subsequent Event [Line Items]
Notes, stated percentage	3.50%
Long - term debt, face amount	$ 500,000,000