V.F. (VFC) 10-K 25 May 23 2023 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Apr. 01, 2023	Apr. 29, 2023	Oct. 01, 2022
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Apr. 01, 2023
Current Fiscal Year End Date	--04-01
Document Transition Report	false
Entity File Number	1-5256
Entity Registrant Name	V. F. CORPORATION
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	23-1180120
Entity Address, Address Line One	1551 Wewatta Street
Entity Address, City or Town	Denver
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80202
City Area Code	720
Local Phone Number	778-4000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 10,438
Entity Common Stock, Shares Outstanding		388,677,307
Documents Incorporated by Reference	Documents Incorporated By Reference Portions of the definitive Proxy Statement for the Annual Meeting of Shareholders to be held on July 25, 2023 (Item 1 in Part I and Items 10, 11, 12, 13 and 14 in Part III), which definitive Proxy Statement shall be filed with the Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.
Entity Central Index Key	0000103379
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock, without par value, stated capital $.25 per share
Entity Trading Symbol	VFC
Security Exchange Name	NYSE
0.625% Senior Notes due 2023
Document Information [Line Items]
Title of 12(b) Security	0.625% Senior Notes due 2023
Entity Trading Symbol	VFC23
Security Exchange Name	NYSE
4.125% Senior Notes due 2026
Document Information [Line Items]
Title of 12(b) Security	4.125% Senior Notes due 2026
Entity Trading Symbol	VFC26
Security Exchange Name	NYSE
0.250% Senior Notes due 2028
Document Information [Line Items]
Title of 12(b) Security	0.250% Senior Notes due 2028
Entity Trading Symbol	VFC28
Security Exchange Name	NYSE
4.250% Senior Notes due 2029
Document Information [Line Items]
Title of 12(b) Security	4.250% Senior Notes due 2029
Entity Trading Symbol	VFC29
Security Exchange Name	NYSE
0.625% Senior Notes due 2032
Document Information [Line Items]
Title of 12(b) Security	0.625% Senior Notes due 2032
Entity Trading Symbol	VFC32
Security Exchange Name	NYSE

Audit Information

Audit Information	12 Months Ended
	Apr. 01, 2023
Audit Information [Abstract]
Auditor Firm ID	238
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Greensboro, North Carolina

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Current assets
Cash and equivalents	$ 814,887	$ 1,275,943
Accounts receivable, less allowance for doubtful accounts of: March 2023 - $28,075; March 2022 - $27,959	1,610,295	1,467,842
Inventories	2,292,790	1,418,673
Other current assets	434,737	425,622
Total current assets	5,152,709	4,588,080
Property, plant and equipment, net	942,440	1,041,777
Intangible assets, net	2,642,821	3,000,351
Goodwill	1,978,413	2,393,807
Operating lease right-of-use assets	1,372,182	1,247,056
Other assets	1,901,923	1,071,137
TOTAL ASSETS	13,990,488	13,342,208
Current liabilities
Short-term borrowings	11,491	335,462
Current portion of long-term debt	924,305	501,051
Accounts payable	936,319	562,992
Accrued liabilities	1,673,651	1,915,892
Total current liabilities	3,545,766	3,315,397
Long-term debt	5,711,014	4,584,261
Operating lease liabilities	1,171,941	1,023,759
Other liabilities	651,054	888,436
Total liabilities	11,079,775	9,811,853
Commitments and contingencies
Stockholders' equity
Preferred Stock, par value $1; shares authorized, 25,000,000; no shares outstanding at March 2023 or March 2022	0	0
Common Stock, stated value $0.25; shares authorized, 1,200,000,000; shares outstanding at March 2023 - 388,665,531; March 2022 - 388,298,375	97,166	97,075
Additional paid-in capital	3,775,979	3,916,384
Accumulated other comprehensive income (loss)	(1,019,518)	(926,579)
Retained earnings	57,086	443,475
Total stockholders’ equity	2,910,713	3,530,355
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 13,990,488	$ 13,342,208

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 28,075	$ 27,959
Preferred stock, par value (in USD per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in USD per share)	$ 0.25	$ 0.25
Common stock, shares authorized (in shares)	1,200,000,000	1,200,000,000
Common stock, shares outstanding (in shares)	388,665,531	388,298,375

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Income Statement [Abstract]
Net revenues	$ 11,612,475	$ 11,841,840	$ 9,238,830
Costs and operating expenses
Cost of goods sold	5,515,796	5,386,393	4,370,780
Selling, general and administrative expenses	5,033,977	4,823,243	4,240,058
Impairment of goodwill and intangible assets	735,009	0	20,361
Total costs and operating expenses	11,284,782	10,209,636	8,631,199
Operating income	327,693	1,632,204	607,631
Interest income	9,758	5,006	9,155
Interest expense	(174,390)	(136,469)	(135,655)
Loss on debt extinguishment	0	(3,645)	0
Other income (expense), net	(119,774)	26,154	(24,659)
Income from continuing operations before income taxes	43,287	1,523,250	456,472
Income tax expense (benefit)	(75,297)	306,981	101,566
Income from continuing operations	118,584	1,216,269	354,906
Income from discontinued operations, net of tax	0	170,672	52,963
Net income	$ 118,584	$ 1,386,941	$ 407,869
Earnings per common share - basic
Continuing operations (in USD per share)	$ 0.31	$ 3.12	$ 0.91
Discontinued operations (in USD per share)	0	0.44	0.14
Total earnings per common share - basic (in USD per share)	0.31	3.55	1.05
Earnings per common share - diluted
Continuing operations (in USD per share)	0.31	3.10	0.91
Discontinued operations (in USD per share)	0	0.43	0.14
Total earnings per common share - diluted (in USD per share)	$ 0.31	$ 3.53	$ 1.04
Weighted average shares outstanding
Basic (in shares)	387,763	390,291	389,655
Diluted (in shares)	388,370	392,411	392,121

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 118,584	$ 1,386,941	$ 407,869
Foreign currency translation and other
Losses arising during the period	(106,527)	(17,355)	(36,114)
Reclassification of foreign currency translation losses	0	0	42,364
Income tax effect	(1,492)	(34,104)	31,286
Defined benefit pension plans
Current period actuarial gains (losses), including plan amendments and curtailments	(25,211)	12,927	(9,181)
Amortization of net deferred actuarial losses	16,395	11,310	11,911
Amortization of deferred prior service credits	(453)	(440)	(81)
Reclassification of net actuarial loss from settlement charges	93,731	7,466	1,584
Reclassification of deferred prior service cost due to curtailments	0	0	920
Income tax effect	(21,864)	(3,806)	(428)
Derivative financial instruments
Gains (losses) arising during the period	53,533	71,494	(122,244)
Income tax effect	(8,554)	(11,741)	21,796
Reclassification of net (gains) losses realized	(110,160)	54,326	(24,848)
Income tax effect	17,663	(7,656)	4,993
Other comprehensive income (loss)	(92,939)	82,421	(78,042)
Comprehensive income	$ 25,645	$ 1,469,362	$ 329,827

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
OPERATING ACTIVITIES
Net income	$ 118,584	$ 1,386,941	$ 407,869
Income from discontinued operations, net of tax	0	170,672	52,963
Income from continuing operations	118,584	1,216,269	354,906
Adjustments to reconcile net income to cash provided (used) by operating activities:
Impairment of goodwill and intangible assets	735,009	0	20,361
Depreciation and amortization	262,324	266,935	269,081
Reduction in the carrying amount of right-of-use assets	383,199	410,132	427,594
Stock-based compensation	60,354	91,358	70,823
Provision for doubtful accounts	3,532	(716)	20,673
Pension expense in excess of (less than) contributions	79,197	(41,309)	(23,424)
Deferred income taxes	(53,554)	(157,489)	(39,812)
Loss on extinguishment of debt	0	3,645	0
Other, net	(11,433)	(12,007)	12,412
Changes in operating assets and liabilities:
Accounts receivable	(147,331)	(202,526)	70,471
Inventories	(890,173)	(380,851)	314,315
Accounts payable	377,433	105,357	20,106
Income taxes	(1,148,610)	201,391	(35,586)
Accrued liabilities	(91,650)	88,213	101,142
Operating lease right-of-use assets and liabilities	(379,963)	(444,125)	(375,278)
Other assets and liabilities	47,287	(286,079)	25,470
Cash provided (used) by operating activities - continuing operations	(655,795)	858,198	1,233,254
Cash provided by operating activities - discontinued operations	0	6,090	79,971
Cash provided (used) by operating activities	(655,795)	864,288	1,313,225
INVESTING ACTIVITIES
Business acquisitions, net of cash received	0	3,760	(2,009,151)
Proceeds from sale of businesses, net of cash sold	0	616,928	0
Proceeds from sale of assets	99,499	32,542	11,748
Purchases of short-term investments	0	0	(800,000)
Proceeds from sale and maturities of short-term investments	0	598,806	200,000
Capital expenditures	(165,925)	(245,449)	(198,658)
Software purchases	(95,326)	(82,871)	(75,542)
Other, net	(26,301)	(19,456)	(20,382)
Cash provided (used) by investing activities - continuing operations	(188,053)	904,260	(2,891,985)
Cash used by investing activities - discontinued operations	0	(525)	(3,633)
Cash provided (used) by investing activities	(188,053)	903,735	(2,895,618)
FINANCING ACTIVITIES
Contingent consideration payment	(56,976)	0	0
Net increase (decrease) in short-term borrowings	(323,972)	324,404	(1,217,764)
Payments on long-term debt	(501,051)	(504,200)	(1,664)
Payment of debt issuance costs	(6,796)	(2,496)	(21,438)
Proceeds from long-term debt	2,058,341	0	2,996,090
Share repurchases	0	(350,004)	0
Cash dividends paid	(702,846)	(773,205)	(756,784)
Proceeds from issuance of Common Stock, net of payments for tax withholdings	(2,794)	36,654	54,438
Cash provided (used) by financing activities	463,906	(1,268,847)	1,052,878
Effect of foreign currency rate changes on cash, cash equivalents and restricted cash	(80,822)	(73,299)	(30,603)
Net change in cash, cash equivalents and restricted cash	(460,764)	425,877	(560,118)
Cash, cash equivalents and restricted cash — beginning of period	1,277,082	851,205	1,411,323
Cash, cash equivalents and restricted cash — end of period	$ 816,318	$ 1,277,082	$ 851,205

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Balances per Consolidated Balance Sheets:
Cash and cash equivalents	$ 814,887	$ 1,275,943	$ 815,750
Other current assets	1,305	1,109	1,198
Current assets of discontinued operations	0	0	34,132
Other assets	126	30	125
Total cash, cash equivalents and restricted cash	$ 816,318	$ 1,277,082	$ 851,205

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings
Beginning balance (in shares) at Mar. 28, 2020		388,812,158
Beginning balance at Mar. 28, 2020	$ 3,357,334	$ 97,203	$ 4,183,780	$ (930,958)	$ 7,309
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	407,869				407,869
Dividends on Common Stock	(756,784)		(564,904)		(191,880)
Stock-based compensation, net (in shares)		3,129,319
Stock-based compensation, net	125,787	$ 782	158,769		(33,764)
Foreign currency translation and other	37,536			37,536
Defined benefit pension plans	4,725			4,725
Derivative financial instruments	(120,303)			(120,303)
Ending balance (in shares) at Apr. 03, 2021		391,941,477
Ending balance at Apr. 03, 2021	3,056,164	$ 97,985	3,777,645	(1,009,000)	189,534
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,386,941				1,386,941
Dividends on Common Stock	(773,205)		(2,597)		(770,608)
Share repurchases (in shares)		(4,805,093)
Share repurchases	(350,004)	$ (1,201)			(348,803)
Stock-based compensation, net (in shares)		1,161,991
Stock-based compensation, net	128,038	$ 291	141,336		(13,589)
Foreign currency translation and other	(51,459)			(51,459)
Defined benefit pension plans	27,457			27,457
Derivative financial instruments	$ 106,423			106,423
Ending balance (in shares) at Apr. 02, 2022	388,298,375	388,298,375
Ending balance at Apr. 02, 2022	$ 3,530,355	$ 97,075	3,916,384	(926,579)	443,475
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	118,584				118,584
Dividends on Common Stock	(702,846)		(203,394)		(499,452)
Stock-based compensation, net (in shares)		367,156
Stock-based compensation, net	57,559	$ 91	62,989		(5,521)
Foreign currency translation and other	(108,019)			(108,019)
Defined benefit pension plans	62,598			62,598
Derivative financial instruments	$ (47,518)			(47,518)
Ending balance (in shares) at Apr. 01, 2023	388,665,531	388,665,531
Ending balance at Apr. 01, 2023	$ 2,910,713	$ 97,166	$ 3,775,979	$ (1,019,518)	$ 57,086

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Statement of Stockholders' Equity [Abstract]
Dividends per common share (in USD per share)	$ 1.81	$ 1.98	$ 1.94

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Apr. 01, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business VF Corporation (together with its subsidiaries, collectively known as “VF” or the "Company”) is a global apparel, footwear and accessories company based in the United States. VF designs, procures, markets and distributes a variety of branded products, including outerwear, footwear, apparel, backpacks, luggage and accessories for consumers of all ages. Products are marketed under VF-owned brand names. Basis of Presentation The consolidated financial statements and related disclosures are presented in accordance with generally accepted accounting principles in the U.S. (“GAAP”). The consolidated financial statements include the accounts of VF and its controlled subsidiaries, after elimination of intercompany transactions and balances. On June 28, 2021, VF completed the sale of its Occupational Workwear business. The Occupational Workwear business was comprised primarily of the following brands and businesses: Red Kap ® , VF Solutions ® , Bulwark ® , Workrite ® , Walls ® , Terra ® , Kodiak ® , Work Authority ® and Horace Small ® . The business also included the license of certain Dickies ® occupational workwear products that have historically been sold through the business-to-business channel. The results of the Occupational Workwear business and the related cash flows have been reported as discontinued operations in the Consolidated Statements of Operations and Consolidated Statements of Cash Flows, respectively, through the date of sale. These changes have been applied to all periods presented. Unless otherwise noted, discussion within these notes to the consolidated financial statements relates to continuing operations. Refer to Note 4 for additional information on discontinued operations. Fiscal Year VF operates and reports using a 52/53 week fiscal year ending on the Saturday closest to March 31 of each year. VF's current fiscal year ran from April 3, 2022 through April 1, 2023 ("Fiscal 2023"). All references to the periods ended March 2023, March 2022 and March 2021 relate to the 52-week fiscal years ended April 1, 2023 and April 2, 2022 ("Fiscal 2022"), and the 53-week fiscal year ended April 3, 2021 ("Fiscal 2021"), respectively. Certain foreign subsidiaries reported using a March 31 year-end for Fiscal 2023, 2022 and 2021 due to local statutory requirements. The impact to VF's consolidated financial statements is not material. Recent Developments and Uncertainties There is ongoing uncertainty around the global economy and macroeconomic environment, which we expect to continue and cause disruption and near-term challenges for our business. Macroeconomic conditions include inflationary pressures, foreign exchange rate fluctuations, higher interest rates and weakening consumer sentiment. These conditions have led to elevated inventories in certain markets and an increased promotional environment, impacts on the results of our international businesses and increased borrowing costs. Global economic conditions are also impacted by the coronavirus ("COVID-19") pandemic, which resulted in retail store closures primarily in the Asia-Pacific region, and supply chain disruption. In response to the ongoing conflict in Ukraine, all VF-operated retail locations within Russia are permanently closed, while limited wholesale shipments to both Russia and Ukraine have resumed. VF has considered the impact of these developments on the estimates and assumptions used when preparing the consolidated financial statements and accompanying notes. The duration and severity of these recent developments, and the related impacts on VF's business are subject to uncertainty; however, the estimates and assumptions made by management are based on available information. Use of Estimates In preparing the consolidated financial statements in accordance with GAAP, management makes estimates and assumptions that affect amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates. Foreign Currency Translation and Transaction The financial statements of most foreign subsidiaries are measured using the foreign currency as the functional currency. Assets and liabilities denominated in a foreign currency are translated into U.S. dollars using exchange rates in effect at the balance sheet date, and revenues and expenses are translated at average exchange rates during the period. Resulting translation gains and losses, and transaction gains and losses on long-term advances to foreign subsidiaries, are reported in the Consolidated Statements of Comprehensive Income. Foreign currency transactions are denominated in a currency other than the functional currency of a particular entity. These transactions generally result in receivables or payables that are fixed in the foreign currency. Transaction gains or losses arise when exchange rate fluctuations either increase or decrease the functional currency cash flows from the originally recorded transaction. Foreign currency transaction gains and losses reported in the Consolidated Statements of Operations, were a net loss of $16.9 million and $6.7 million in the years ended March 2023 and March 2022, respectively, and a net gain of $2.6 million in the year ended March 2021. Business Combinations VF accounts for business combinations using the acquisition method of accounting. Under the acquisition method, the consolidated financial statements reflect the operations of an acquired business starting from the closing date of the acquisition. All assets acquired and liabilities assumed are recorded at fair value as of the acquisition date. VF allocates the purchase price of an acquired business to the fair values of the tangible and identifiable intangible assets acquired and liabilities assumed, with any excess purchase price recorded as goodwill. Contingent consideration, if any, is included within the purchase price and is recognized at its fair value on the acquisition date. In subsequent reporting periods, any contingent consideration liabilities are remeasured at fair value with changes recognized in operating income. During the measurement period, which is up to one year from the acquisition date, adjustments to the assets acquired and liabilities assumed may be recorded, with the corresponding offset to goodwill. Cash and Equivalents Cash and equivalents are demand deposits, receivables from third-party credit card processors and highly liquid investments that mature within three months of their purchase dates. Highly liquid investments considered cash equivalents were $439.5 million and $326.0 million at March 2023 and 2022, respectively, consisting of money market funds and short-term time deposits. Accounts Receivable Trade accounts receivable are recorded at invoiced amounts, less contractual allowances for trade terms, sales incentive programs and discounts. Royalty receivables are recorded at amounts earned based on the licensees' sales of licensed products, subject in some cases to contractual minimum royalties due from individual licensees. VF maintains an allowance for doubtful accounts for estimated losses that will result from the inability of customers and licensees to make required payments. The allowance is determined based on review of specific customer accounts where collection is doubtful, as well as an assessment of the collectability of total receivables, which are grouped based on similar risk characteristics, considering historical trends, adjusted for current economic conditions and reasonable and supportable forecasts when appropriate. The allowance represents the current estimate of lifetime expected credit losses for all outstanding accounts receivable and reflects the Company's ongoing evaluation of collectability, customer creditworthiness, historical levels of credit losses and future expectations. Receivables are written off against the allowance when it is determined that the amounts will not be recovered. Inventories Inventories are stated at the lower of cost or net realizable value. Cost is determined on the first-in, first-out method, includes all costs incurred to purchase the finished goods and is net of discounts or rebates received from vendors. A detailed review of all inventories is performed, at least quarterly, to identify slow moving or excess products, discontinued and to-be-discontinued products and off-quality merchandise. Management performs an evaluation to estimate net realizable value using a systematic and consistent methodology of forecasting future demand, market conditions and selling prices less costs of disposal. If the estimated net realizable value is less than cost, VF provides an allowance to reflect the lower value of that inventory. This methodology recognizes inventory exposures at the time such losses are evident rather than at the time goods are actually sold. Historically, these estimates of future demand and selling prices have not varied significantly from actual results due to VF’s timely identification and ability to typically dispose of these distressed inventories at amounts either above or not significantly below cost. Existence of physical inventory is verified through periodic physical inventory counts and ongoing cycle counts at most locations throughout the year, and an estimate of inventory losses that have likely occurred since the last physical inventory date is recorded. Historically, physical inventory shrinkage has not been material. Long-lived Assets, Including Intangible Assets and Goodwill Property, plant and equipment, intangible assets and goodwill are initially recorded at cost. VF capitalizes improvements to property, plant and equipment that substantially extend the useful life of the asset, and interest cost incurred during construction of major assets. Repair and maintenance costs are expensed as incurred. Cost for acquired intangible assets represents the fair value at acquisition date, which is generally based on the present value of expected cash flows. Trademark intangible assets represent individual acquired trademarks, some of which are registered in multiple countries. Customer relationship intangible assets are based on the value of relationships with wholesale customers in place at the time of acquisition. Goodwill represents the excess of cost of an acquired business over the fair value of net tangible assets and identifiable intangible assets acquired. Goodwill is assigned at the reporting unit level. Depreciation of property, plant and equipment is computed using the straight-line method over the estimated useful lives of the assets, ranging from 3 to 10 years for machinery and equipment and up to 40 years for buildings. Amortization expense for leasehold improvements and assets under finance leases is recognized over the shorter of their estimated useful lives or the lease terms, and is included in depreciation expense. Intangible assets determined to have indefinite lives, consisting of major trademarks and trade names, are not amortized. Other intangible assets determined to have a finite life primarily consist of customer relationships, which are amortized over their estimated useful lives ranging from 11 to 24 years using an accelerated method consistent with the timing of benefits expected to be received. Depreciation and amortization expense related to obtaining finished goods inventories is included in cost of goods sold, and other depreciation and amortization expense is included in selling, general and administrative expenses. VF’s policy is to review property, plant and equipment and amortizable intangible assets for possible impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. If forecasted pre-tax undiscounted cash flows to be generated by the asset are not expected to recover the asset’s carrying value, an impairment charge is recorded for the excess of the asset’s carrying value over its estimated fair value. VF’s policy is to evaluate indefinite-lived intangible assets and goodwill for possible impairment as of the beginning of the fourth quarter of each fiscal year, or whenever events or changes in circumstances indicate that the fair value of such assets may be below their carrying amount. VF may first assess qualitative factors as a basis for determining whether it is necessary to perform quantitative impairment testing. If VF determines that it is more likely than not that the fair value of an asset or reporting unit is more than its carrying value, then no further testing is required. Otherwise, the assets must be quantitatively tested for impairment. An indefinite-lived intangible asset is quantitatively evaluated for possible impairment by comparing the estimated fair value of the asset with its carrying value. An impairment charge is recorded if the carrying value of the asset exceeds its estimated fair value. Goodwill is quantitatively evaluated for possible impairment by comparing the estimated fair value of a reporting unit with its carrying value, including the goodwill assigned to that reporting unit. An impairment charge is recorded if the carrying value of the reporting unit exceeds its estimated fair value. 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, one of VF's distribution centers is a finance lease. 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 5 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. The Company has made an accounting policy election to not recognize right-of-use assets and lease liabilities for leases with terms of 12 months or less. 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. Certain leases contain both lease and non-lease components. For leases associated with specific asset classes, including certain real estate, vehicles 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 accounts 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 standalone prices. 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 liabilities as the present value of lease payments over the lease term at commencement date. Lease right-of-use assets are calculated based on the initial measurement of the respective lease liabilities adjusted for any lease payments made to the lessor at or before the commencement date, lease incentives received and initial direct costs incurred. 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 presented separately in the Consolidated Statements of Operations. The Company does not have material subleases. 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 year ended March 2023, 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 $13.2 million in the selling, general and administrative expenses line item in VF's Consolidated Statement of Operations for the year ended March 2023. Supply Chain Financing Program During the first quarter of Fiscal 2023, VF reinstated its voluntary supply chain finance ("SCF") program. The SCF program enables a significant portion of our suppliers of inventory to leverage VF's credit rating to receive payment from participating financial institutions prior to the payment date specified in the terms between VF and the supplier. The SCF program is administered through third-party platforms that allow participating suppliers to track payments from VF and elect which VF receivables, if any, to sell to the financial institutions. The transactions are at the sole discretion of both the suppliers and financial institutions, and VF is not a party to the agreements and has no economic interest in the supplier's decision to sell a receivable. The terms between VF and the supplier, including the amount due and scheduled payment dates, are not impacted by a supplier's participation in the SCF program. Amounts due to suppliers who voluntarily participate in the SCF program are included in the accounts payable line item in VF's Consolidated Balance Sheets and VF payments made under the SCF program are reflected in cash flows from operating activities in VF's Consolidated Statements of Cash Flows. VF has been informed by the participating financial institutions that amounts payable to them for suppliers who voluntarily participated in the SCF program and included in the accounts payable line item in VF's Consolidated Balance Sheet was $161.4 million at March 2023. The amounts settled through the SCF program were $989.8 million during the year ended March 2023. Defined Benefit Pension Plans VF sponsors various defined benefit pension plans in the U.S. and in certain international jurisdictions. The Company's U.S. plans, including a noncontributory qualified defined benefit pension plan and an unfunded supplemental defined benefit pension plan, were frozen for all future benefit accruals, effective December 31, 2018. The funded status of defined benefit pension plans is recorded as a net asset or liability in the Consolidated Balance Sheets based on the difference between the projected benefit obligations and the fair value of plan assets, which is assessed on a plan-by-plan basis. The changes in funded status of defined benefit pension plans, primarily related to actuarial gains and losses arising from differences between actual experience and actuarial assumptions, are recognized in the year in which the changes occur and reported in the Consolidated Statements of Comprehensive Income. VF reports the service component of net periodic pension cost (income) within operating income and the other components of net periodic pension cost, which include interest cost, expected return on plan assets, settlement charges, curtailments and amortization of deferred actuarial losses and prior service credits, in the other income (expense), net line item of the Consolidated Statements of Operations. Derivative Financial Instruments Derivative financial instruments are measured at fair value in the Consolidated Balance Sheets. Unrealized gains and losses are recognized as assets and liabilities, respectively, and classified as current or noncurrent based on the derivatives’ maturity dates. The accounting for changes in the fair value of derivative instruments (i.e., gains and losses) depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. To qualify for hedge accounting treatment, all hedging relationships must be formally documented at the inception of the hedges and must be highly effective in offsetting changes to future cash flows of hedged transactions. VF’s hedging practices are described in Note 24, which primarily relate to cash flow hedges. VF does not use derivative instruments for trading or speculative purposes. Hedging cash flows are classified in the Consolidated Statements of Cash Flows in the same category as the items being hedged. VF formally documents hedging instruments and hedging relationships at the inception of each contract. Further, at the inception of a contract and on an ongoing basis, as necessary, VF assesses whether the hedging instruments are highly effective in offsetting the risk of the hedged transactions. When hedging instruments are determined to not be highly effective, hedge accounting treatment is discontinued, and any future changes in fair value of the instruments are recognized immediately in net income. Unrealized gains or losses related to hedging instruments remain in accumulated other comprehensive income ("OCI") until the hedged forecasted transaction occurs and impacts earnings. If the hedged forecasted transaction is deemed probable of not occurring, any unrealized gains or losses in accumulated OCI are immediately recognized in net income. VF also uses derivative contracts to manage foreign currency exchange risk on certain assets and liabilities. These contracts are not designated as hedges, and are measured at fair value in the Consolidated Balance Sheets with changes in fair value recognized directly in net income. The counterparties to the derivative contracts are financial institutions having at least A-rated investment grade credit ratings. To manage its credit risk, VF continually monitors the credit risks of its counterparties, limits its exposure in the aggregate and to any single counterparty, and adjusts its hedging positions as appropriate. The impact of VF’s credit risk and the credit risk of its counterparties, as well as the ability of each party to fulfill its obligations under the contracts, is considered in determining the fair value of the derivative contracts. Credit risk has not had a significant effect on the fair value of VF’s derivative contracts. VF does not have any credit risk-related contingent features or collateral requirements with its derivative contracts. Revenue Recognition Revenue is recognized when performance obligations under the terms of a contract with the customer are satisfied based on the transfer of control of promised goods or services. The transfer of control typically occurs at a point in time based on consideration of when the customer has (i) an obligation to pay for, (ii) physical possession of, (iii) legal title to, (iv) risks and rewards of ownership of, and (v) accepted the goods or services. The timing of revenue recognition within the wholesale channel occurs either on shipment or delivery of goods based on contractual terms with the customer. The timing of revenue recognition in the direct-to-consumer channel generally occurs at the point of sale within VF-operated or concession retail stores and either on shipment or delivery of goods for e-commerce transactions based on contractual terms with the customer. For finished products shipped directly to customers from our suppliers, the Company's promise to the customer is a performance obligation to provide the specified goods, and thus the Company is the principal in the arrangement and revenue is recognized on a gross basis at the transaction price. The duration of contractual arrangements with our customers in the wholesale and direct-to-consumer channels is typically less than one year. Payment terms with wholesale customers are generally between 30 and 60 days while direct-to-consumer arrangements have shorter terms. The Company does not adjust the promised amount of consideration for the effects of a significant financing component as it is expected, at contract inception, that the period between the transfer of the promised good or service to the customer and the customer payment for the good or service will be one year or less. The amount of revenue recognized in both wholesale and direct-to-consumer channels reflects the expected consideration to be received for providing the goods or services to the customer, which includes estimates for variable consideration. Variable consideration includes sales incentive programs, discounts, markdowns, chargebacks and product returns. Estimates of variable consideration are determined at contract inception and reassessed at each reporting date, at a minimum, to reflect any changes in facts and circumstances. The Company utilizes the expected value method in determining its estimates of variable consideration, based on evaluations of specific product and customer circumstances, historical and anticipated trends, and current economic conditions. Allowances for estimates of sales incentive programs, discounts, markdowns, chargebacks and returns are recorded as accrued liabilities in the Consolidated Balance Sheets. Certain products sold by the Company include an assurance warranty. Product warranty costs are estimated based on historical and anticipated trends, and are recorded as cost of goods sold at the time revenue is recognized. Revenue from the sale of gift cards is deferred and recorded as a contract liability until the gift card is redeemed by the customer, factoring in breakage as appropriate. Various VF brands maintain customer loyalty programs where customers earn rewards from qualifying purchases or activities, which are redeemable for discounts on future purchases or other rewards. For its customer loyalty programs, the Company estimates the standalone selling price of the loyalty rewards and allocates a portion of the consideration for the sale of products to the loyalty points earned. The deferred amount is recorded as a contract liability, and is recognized as revenue when the points are redeemed or when the likelihood of redemption is remote. The Company has elected to treat all shipping and handling activities as fulfillment costs and recognize the costs as selling, general and administrative expenses at the time the related revenue is recognized. Shipping and handling costs billed to customers are included in net revenues. Sales taxes and value added taxes collected from customers and remitted directly to governmental authorities are excluded from the transaction price. The Company has licensing agreements for its symbolic intellectual property, most of which include minimum guaranteed royalties. Royalty income is recognized as earned over the respective license term based on the greater of minimum guarantees or the licensees' sales of licensed products at rates specified in the licensing contracts. Royalty income related to the minimum guarantees is recognized using a measure of progress with variable amounts recognized only when the cumulative earned royalty exceeds the minimum guarantees. The Company has applied the practical expedient to recognize incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that otherwise would have been recognized is one year or less. The Company has also elected the practical expedients to not disclose the transaction price allocated to remaining performance obligations for (i) variable consideration related to sales-based royalty arrangements, and (ii) contracts with an original expected duration of one year or less. Cost of Goods Sold Cost of goods sold for purchased finished goods includes the purchase costs and related overhead. Overhead includes all costs related to purchasing finished goods, including costs of planning, purchasing, quality control, depreciation, freight, duties, royalties paid to third parties and shrinkage. For product lines with a warranty, a provision for estimated future repair or replacement costs, based on historical and anticipated trends, is recorded when these products are sold. Selling, General and Administrative Expenses Selling, general and administrative expenses include costs of product development, selling, marketing and advertising, VF-operated retail stores, concession retail stores, warehousing, distribution, shipping and handling, licensing and administration. Advertising costs are expensed as incurred and totaled $861.8 million, $840.6 million and $608.1 million in the years ended March 2023, 2022 and 2021, respectively. Advertising costs include cooperative advertising payments made to VF’s customers as reimbursement for certain costs of advertising VF’s products, which totaled $16.5 million, $16.2 million and $11.1 million in the years ended March 2023, 2022 and 2021, respectively. Shipping and handling costs for delivery of products to customers totaled $637.0 million, $634.2 million and $557.5 million in the years ended March 2023, 2022 and 2021, respectively. Expenses related to royalty income were $0.9 million, $0.9 million and $1.7 million in the years ended March 2023, 2022 and 2021, respectively. Stock-based Compensation VF accounts for all stock-based payments to employees and non-employee directors based on their respective grant date fair values. Compensation cost for all awards expected to vest is recognized over the shorter of the requisite service period or the vesting period, including accelerated recognition for retirement-eligible employees. Awards that do not vest are forfeited. Generally, dividend equivalents accrue without compounding and are payable in additional shares of VF common stock upon vesting. VF uses a lattice option-pricing model to estimate the fair value of stock options granted to employees and non-employee directors. VF's performance-based awards are based on management achieving both performance and market-based financial targets. The grant date fair value of market conditions is determined using a Monte Carlo simulation technique incorporating option-pricing model inputs. Dividends Dividends declared on common stock are recorded as a reduction of retained earnings to the extent retained earnings are available at the close of the period prior to the date of the declared dividend. Dividends declared in excess of retained earnings are recorded as a reduction of additional paid-in-capital. Self-insurance VF is self-insured for a significant portion of its employee medical, workers’ compensation, vehicle, property and general liability exposures. Liabilities for self-insured exposures are accrued at the present value of amounts expected to be paid based on historical claims experience and actuarial data for forecasted settlements of claims filed and for incurred but not yet reported claims. Accruals for self-insured exposures are included in current and noncurrent liabilities based on the expected periods of payment. Excess liability insurance has been purchased to limit the amount of self-insured risk on claims. Income Taxes Income taxes are provided on pre-tax income for financial reporting purposes. Income taxes are based on amounts of taxes payable or refundable in the current year and on expected future tax consequences of events that are recogn

REVENUES

REVENUES	12 Months Ended
	Apr. 01, 2023
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES Contract Balances Contract assets are rights to consideration in exchange for goods or services that have been transferred to a customer when that right is conditional on something other than the passage of time. Once the Company has an unconditional right to consideration under a contract, amounts are invoiced and contract assets are reclassified to accounts receivable. The Company's primary contract assets relate to sales-based royalty arrangements, which are discussed in more detail within Note 1. Contract liabilities are recorded when a customer pays consideration, or the Company has a right to an amount of consideration that is unconditional, before the transfer of a good or service to the customer and thus represent the Company's obligation to transfer the good or service to the customer at a future date. The Company's primary contract liabilities relate to gift cards, loyalty programs and sales-based royalty arrangements, which are discussed in more detail within Note 1, and order deposits. The following table provides information about contract assets and contract liabilities: (In thousands) March 2023 March 2022 Contract assets (a) $ 2,294 $ 1,065 Contract liabilities (b) 62,214 71,067 (a) Included in the other current assets line item in the Consolidated Balance Sheets. (b) Included in the accrued liabilities line item in the Consolidated Balance Sheets. For the year ended March 2023 , the Company recognized $319.2 million of revenue that was included in the contract liability balance during the year, including amounts recorded as a contract liability and subsequently recognized as revenue as performance obligations were 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. Performance Obligations As of March 2023, the Company expects to recognize $70.5 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 based on the contractual terms through March 2031. As of March 2023 , 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. For the year ended March 2023 , revenue recognized from performance obligations satisfied, or partially satisfied, in prior periods was not material. 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. Year Ended March 2023 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 3,375,343 $ 2,082,875 $ 847,729 $ 148 $ 6,306,095 Direct-to-consumer 2,252,958 2,791,936 186,462 — 5,231,356 Royalty 19,225 29,811 25,988 — 75,024 Total $ 5,647,526 $ 4,904,622 $ 1,060,179 $ 148 $ 11,612,475 Geographic revenues Americas $ 2,921,383 $ 2,912,666 $ 848,524 $ 148 $ 6,682,721 Europe 1,960,485 1,343,796 107,414 — 3,411,695 Asia-Pacific 765,658 648,160 104,241 — 1,518,059 Total $ 5,647,526 $ 4,904,622 $ 1,060,179 $ 148 $ 11,612,475 Year Ended March 2022 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 3,194,881 $ 2,256,444 $ 919,080 $ 785 $ 6,371,190 Direct-to-consumer 2,115,056 3,102,231 186,788 — 5,404,075 Royalty 17,631 21,663 27,281 — 66,575 Total $ 5,327,568 $ 5,380,338 $ 1,133,149 $ 785 $ 11,841,840 Geographic revenues Americas $ 2,748,935 $ 3,155,870 $ 899,706 $ 785 $ 6,805,296 Europe 1,877,502 1,432,260 89,537 — 3,399,299 Asia-Pacific 701,131 792,208 143,906 — 1,637,245 Total $ 5,327,568 $ 5,380,338 $ 1,133,149 $ 785 $ 11,841,840 Year Ended March 2021 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 2,363,575 $ 1,970,699 $ 734,921 $ 4,372 $ 5,073,567 Direct-to-consumer 1,753,923 2,167,929 191,409 321 4,113,582 Royalty 10,103 22,228 19,350 — 51,681 Total $ 4,127,601 $ 4,160,856 $ 945,680 $ 4,693 $ 9,238,830 Geographic revenues Americas $ 2,058,020 $ 2,357,295 $ 677,222 $ — $ 5,092,537 Europe 1,430,402 1,075,489 107,339 4,693 2,617,923 Asia-Pacific 639,179 728,072 161,119 — 1,528,370 Total $ 4,127,601 $ 4,160,856 $ 945,680 $ 4,693 $ 9,238,830

ACQUISITION

ACQUISITION	12 Months Ended
	Apr. 01, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITION	ACQUISITION On December 28, 2020, VF acquired 100% of the outstanding shares of Supreme Holdings, Inc. ("Supreme") for $2.2 billion in cash , subject to working capital and other adjustments. The transaction also included $0.2 billion of cash acquired by VF. The purchase price was primarily funded with cash on hand. The purchase price decreased by $3.8 million during the year ended March 2022, related to the final working capital adjustment. The acquisition of Supreme included a contingent arrangement that required additional cash consideration to be paid to the selling shareholders of Supreme ranging from zero to $300.0 million, which was dependent upon the achievement of certain financial targets over the one-year earn-out period ended January 31, 2022. The initial estimated fair value of the contingent consideration liability was $207.0 million and was included in the purchase price. During Fiscal 2022, the contingent consideration liability was remeasured at fair value based on the probability-weighted present value of various future cash payment outcomes resulting from the estimated achievement levels of the financial targets, with changes recognized in the selling, general and administrative expenses line item in the Consolidated Statement of Operations. The estimated fair value of the contingent consideration liability was $57.0 million as of March 2022 and was paid during the year ended March 2023. Refer to Note 23 for additional information on fair value measurements. Supreme was a privately-held company based in New York, New York and is a global streetwear leader that sells apparel, accessories and footwear under its namesake brand, Supreme ® , through direct-to-consumer channels, including digital. For the years ended March 2023 and March 2022, Supreme contributed revenues of $523.1 million and $561.5 million, respectively, and net income of $64.8 million and $82.4 million, respectively. For the period from December 28, 2020 through April 3, 2021, Supreme contributed revenues of $142.0 million and net income of $21.5 million. The results of Supreme have been reported in the Active segment since the date of acquisition. Total transaction expenses for the Supreme acquisition were $8.7 million, all of which were recognized in the year ended March 2021 in the selling, general and administrative expenses line item in the Consolidated Statement of Operations. The following unaudited pro forma summary presents consolidated information of VF as if the acquisition of Supreme had occurred on March 31, 2019: (In thousands, except per share amounts) Year Ended March 2021 (unaudited) Total revenues $ 9,677,141 Income from continuing operations 457,330 Earnings per common share from continuing operations Basic $ 1.17 Diluted 1.17 These pro forma amounts have been calculated after applying VF’s accounting policies and adjusting the results of Supreme to reflect the fair value adjustments to intangible assets, property, plant and equipment and inventory. The results of Supreme have also been adjusted for historical interest expense as the acquired business was debt-free on the acquisition date. These changes have been applied from March 31, 2019, with related tax effects. The pro forma financial information in the year ended March 2021 excludes $30.6 million of expenses related to Supreme's transaction and deal-related costs, including employee compensation costs and accelerated vesting of stock options, which were directly attributable to the transaction. Pro forma financial information is not necessarily indicative of VF’s operating results if the acquisition had been effected at the date indicated, nor is it necessarily indicative of future operating results. Amounts do not include any marketing leverage or operating efficiencies.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Apr. 01, 2023
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS 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. Occupational Workwear Business On January 21, 2020, VF announced its decision to explore the divestiture of its Occupational Workwear business. The Occupational Workwear business was comprised primarily of the following brands and businesses: Red Kap ® , VF Solutions ® , Bulwark ® , Workrite ® , Walls ® , Terra ® , Kodiak ® , Work Authority ® and Horace Small ® . The business also included the license of certain Dickies ® occupational workwear products that have historically been sold through the business-to-business channel. As of March 28, 2020, the Occupational Workwear business met the held-for-sale and discontinued operations accounting criteria. Accordingly, the Company has reported the results of the Occupational Workwear business and the related cash flows as discontinued operations in the Consolidated Statements of Operations and Consolidated Statements of Cash Flows, respectively, through the date of sale. On June 28, 2021, VF completed the sale of the Occupational Workwear business. The Company has received proceeds of $616.9 million, n et of cash sold, resulting in a final after-tax gain on sale of $146.0 million, which was included in the income from discontinued operations, n et of tax line item in the Consolidated Statement of Operations for the year ended March 2022. The results of the Occupational Workwear business were previously reported in the Work segment. The results of the Occupational Workwear business recorded in the income from discontinued operations, net of tax the Consolidated Statements of Operations were income of $170.7 million (including a final after-tax gain on sale of $146.0 million) and income of $53.0 million for the years ended March 2022 and 2021, respectively. Under the terms of a transition services agreement, the Company will provide certain support services for periods generally between 12 and 27 months from the closing date of the transaction. Summarized Discontinued Operations Financial Information The following table summarizes the major line items for the Occupational Workwear business that are included in the income from discontinued operations, net of tax line item in the Consolidated Statements of Operations: Year Ended March (In thousands) 2023 (a) 2022 2021 Net revenues $ — $ 181,424 $ 671,574 Cost of goods sold — 117,193 471,652 Selling, general and administrative expenses — 38,735 143,259 Interest income, net — 194 312 Other income (expense), net — 6 365 Income from discontinued operations before income taxes — 25,696 57,340 Gain on the sale of discontinued operations before income taxes — 133,970 — Total income from discontinued operations before income taxes — 159,666 57,340 Income tax expense (benefit) (b) — (11,006) 4,377 Income from discontinued operations, net of tax $ — $ 170,672 $ 52,963 (a) There was no activity during the year ended March 2023. (b) Income tax benefit for the year ended March 2022 included $12.0 million

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	12 Months Ended
	Apr. 01, 2023
Receivables [Abstract]
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE (In thousands) March 2023 March 2022 Trade $ 1,521,975 $ 1,368,550 Other (including royalty) 116,395 127,251 Total accounts receivable 1,638,370 1,495,801 Less allowance for doubtful accounts 28,075 27,959 Accounts receivable, net $ 1,610,295 $ 1,467,842

INVENTORIES

INVENTORIES	12 Months Ended
	Apr. 01, 2023
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES (In thousands) March 2023 March 2022 Finished products $ 2,240,215 $ 1,353,483 Work-in-process 39,508 50,774 Raw materials 13,067 14,416 Total inventories $ 2,292,790 $ 1,418,673 During the first quarter of Fiscal 2023, the Company modified terms with the majority of its suppliers to take ownership of inventory near point of shipment rather than destination. Finished products included $321.4 million and $67.7 million of in-transit inventory as of March 2023

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Apr. 01, 2023
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT (In thousands) March 2023 March 2022 Land and improvements $ 69,401 $ 91,049 Buildings and improvements 896,973 965,802 Machinery and equipment 1,051,093 1,072,251 Property, plant and equipment, at cost 2,017,467 2,129,102 Less accumulated depreciation and amortization 1,075,027 1,087,325 Property, plant and equipment, net $ 942,440 $ 1,041,777

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Apr. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS (In thousands) Weighted Amortization Cost Accumulated Net March 2023 Amortizable intangible assets: Customer relationships and other 19 years Accelerated $ 262,818 $ 173,916 $ 88,902 Indefinite-lived intangible assets: Trademarks and trade names 2,553,919 Intangible assets, net $ 2,642,821 (In thousands) Weighted Amortization Cost Accumulated Net March 2022 Amortizable intangible assets: Customer relationships and other 19 years Accelerated $ 264,691 $ 160,988 $ 103,703 Indefinite-lived intangible assets: Trademarks and trade names 2,896,648 Intangible assets, net $ 3,000,351 During the year ended March 2023, VF recorded impairment charges of $340.9 million related to the Supreme ® indefinite-lived trademark intangible asset. Refer to Note 23 for additional information on fair value measurements. VF did not record any impairment charges in the year ended March 2022. VF recorded impairment charges of $20.4 million in the year ended March 2021 primarily due to the write-off of certain trademark and customer relationship balances, which resulted from strategic actions taken by the Company. Amortization expense for the years ended March 2023, 2022 and 2021 was $14.1 million, $15.6 million and $17.5 million, respectively. Estimated amortization expense for the next five fiscal years is $13.6 million, $13.0 million, $12.1 million, $11.6 million and $10.7 million, respectively.

GOODWILL

GOODWILL	12 Months Ended
	Apr. 01, 2023
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 2021 $ 665,278 $ 1,645,769 $ 114,380 $ 2,425,427 Measurement period adjustment to Supreme acquisition — (717) — (717) Currency translation (4,492) (25,931) (480) (30,903) Balance, March 2022 660,786 1,619,121 113,900 2,393,807 Impairment charges — (394,131) — (394,131) Currency translation (6,999) (13,746) (518) (21,263) Balance, March 2023 $ 653,787 $ 1,211,244 $ 113,382 $ 1,978,413 During the year ended March 2023, VF recorded impairment charges of $394.1 million related to the Supreme reporting unit, which is part of the Active segment. Refer to Note 23 for additional information on fair value measurements. VF did not record any impairment charges in the years ended March 2022 or 2021 based on the results of its goodwill impairment testing. Accumulated impairment charges for the Outdoor and Active segments were $323.2 million and $394.1 million as of March 2023, respectively, and $323.2 million for the Outdoor segment as of March 2022. Goodwill decreased by $0.7 million during the year ended March 2022 due to the net impact of a measurement period adjustment for income tax matters and the final working capital adjustment related to the Supreme acquisition.

LEASES

LEASES	12 Months Ended
	Apr. 01, 2023
Leases [Abstract]
LEASES	LEASES The assets and liabilities related to operating and finance leases were as follows: (In thousands) Location in Consolidated Balance Sheet March 2023 March 2022 Assets: Operating lease assets Operating lease right-of-use assets $ 1,372,182 $ 1,247,056 Finance lease assets Property, plant and equipment, net 12,417 13,334 Total lease assets $ 1,384,599 $ 1,260,390 Liabilities: Current Operating lease liabilities Accrued liabilities $ 332,222 $ 353,948 Finance lease liabilities Current portion of long-term debt 951 1,051 Noncurrent Operating lease liabilities Operating lease liabilities 1,171,941 1,023,759 Finance lease liabilities Long-term debt 16,287 17,238 Total lease liabilities $ 1,521,401 $ 1,395,996 The components of lease costs were as follows: Year Ended March (In thousands) 2023 2022 2021 Operating lease cost $ 418,716 $ 435,637 $ 454,324 Finance lease cost – amortization of right-of-use assets 917 917 749 Finance lease cost – interest on lease liabilities 486 513 462 Short-term lease cost 22,154 17,602 8,586 Variable lease cost 117,189 98,052 54,460 Impairment — 4,279 9,177 Gain recognized from sale-leaseback transaction (13,189) — — Total lease cost $ 546,273 $ 557,000 $ 527,758 Supplemental cash flow information related to leases was as follows: Year Ended March (In thousands) 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows – operating leases $ 428,443 $ 465,249 $ 425,975 Operating cash flows – finance leases 486 513 552 Financing cash flows – finance leases 1,050 1,023 1,112 Right-of-use assets obtained in exchange for lease liabilities: Operating leases 545,856 205,811 636,613 Finance leases — — — Lease terms and discount rates were as follows: March 2023 March 2022 March 2021 Weighted average remaining lease term: Operating leases 6.60 years 6.17 years 6.77 years Finance leases 13.51 years 14.51 years 15.50 years Weighted average discount rate: Operating leases 2.61 % 1.78 % 1.80 % Finance leases 2.71 % 2.71 % 2.71 % Maturities of operating and finance lease liabilities for the next five fiscal years and thereafter as of March 2023 were as follows: (In thousands) Operating Leases Finance Leases Total 2024 $ 362,722 $ 1,408 $ 364,130 2025 308,822 1,536 310,358 2026 231,573 1,536 233,109 2027 188,707 1,664 190,371 2028 123,066 1,536 124,602 Thereafter 360,215 12,931 373,146 Total lease payments 1,575,105 20,611 1,595,716 Less: present value adjustment 70,942 3,373 74,315 Present value of lease liabilities $ 1,504,163 $ 17,238 $ 1,521,401 The Company excluded approximately $73.7 million of leases (undiscounted basis) that have not yet commenced. These leases will commence in Fiscal 2024 with lease terms of 2 to 12 years.
LEASES	LEASES The assets and liabilities related to operating and finance leases were as follows: (In thousands) Location in Consolidated Balance Sheet March 2023 March 2022 Assets: Operating lease assets Operating lease right-of-use assets $ 1,372,182 $ 1,247,056 Finance lease assets Property, plant and equipment, net 12,417 13,334 Total lease assets $ 1,384,599 $ 1,260,390 Liabilities: Current Operating lease liabilities Accrued liabilities $ 332,222 $ 353,948 Finance lease liabilities Current portion of long-term debt 951 1,051 Noncurrent Operating lease liabilities Operating lease liabilities 1,171,941 1,023,759 Finance lease liabilities Long-term debt 16,287 17,238 Total lease liabilities $ 1,521,401 $ 1,395,996 The components of lease costs were as follows: Year Ended March (In thousands) 2023 2022 2021 Operating lease cost $ 418,716 $ 435,637 $ 454,324 Finance lease cost – amortization of right-of-use assets 917 917 749 Finance lease cost – interest on lease liabilities 486 513 462 Short-term lease cost 22,154 17,602 8,586 Variable lease cost 117,189 98,052 54,460 Impairment — 4,279 9,177 Gain recognized from sale-leaseback transaction (13,189) — — Total lease cost $ 546,273 $ 557,000 $ 527,758 Supplemental cash flow information related to leases was as follows: Year Ended March (In thousands) 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows – operating leases $ 428,443 $ 465,249 $ 425,975 Operating cash flows – finance leases 486 513 552 Financing cash flows – finance leases 1,050 1,023 1,112 Right-of-use assets obtained in exchange for lease liabilities: Operating leases 545,856 205,811 636,613 Finance leases — — — Lease terms and discount rates were as follows: March 2023 March 2022 March 2021 Weighted average remaining lease term: Operating leases 6.60 years 6.17 years 6.77 years Finance leases 13.51 years 14.51 years 15.50 years Weighted average discount rate: Operating leases 2.61 % 1.78 % 1.80 % Finance leases 2.71 % 2.71 % 2.71 % Maturities of operating and finance lease liabilities for the next five fiscal years and thereafter as of March 2023 were as follows: (In thousands) Operating Leases Finance Leases Total 2024 $ 362,722 $ 1,408 $ 364,130 2025 308,822 1,536 310,358 2026 231,573 1,536 233,109 2027 188,707 1,664 190,371 2028 123,066 1,536 124,602 Thereafter 360,215 12,931 373,146 Total lease payments 1,575,105 20,611 1,595,716 Less: present value adjustment 70,942 3,373 74,315 Present value of lease liabilities $ 1,504,163 $ 17,238 $ 1,521,401 The Company excluded approximately $73.7 million of leases (undiscounted basis) that have not yet commenced. These leases will commence in Fiscal 2024 with lease terms of 2 to 12 years.

OTHER ASSETS

OTHER ASSETS	12 Months Ended
	Apr. 01, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS (In thousands) March 2023 March 2022 Income taxes receivable and prepaid income taxes $ 1,004,289 $ 112,006 Computer software, net of accumulated amortization of: March 2023 - $256,414; March 2022 - $284,880 348,739 316,682 Pension assets (Note 16) 183,929 213,820 Investments held for deferred compensation plans (Note 16) 120,423 165,825 Deferred income taxes (Note 19) 95,117 100,980 Deposits 42,746 46,247 Partnership stores and shop-in-shop costs, net of accumulated amortization of: March 2023 - $90,072; March 2022 - $94,872 24,743 31,567 Derivative financial instruments (Note 24) 1,556 7,136 Other investments 27,542 14,358 Deferred line of credit issuance costs 2,689 3,117 Other 50,150 59,399 Other assets $ 1,901,923 $ 1,071,137

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	12 Months Ended
	Apr. 01, 2023
Debt Disclosure [Abstract]
SHORT-TERM BORROWINGS	SHORT-TERM BORROWINGS (In thousands) March 2023 March 2022 Commercial paper borrowings $ — $ 330,000 International borrowing arrangements 11,491 5,462 Short-term borrowings $ 11,491 $ 335,462 VF maintains a $2.25 billion senior unsecured revolving line of credit (the "Global Credit Facility") that expires in November 2026. VF may request an unlimited number of one year extensions so long as each extension does not cause the remaining life of the Global Credit Facility to exceed five years, subject to stated terms and conditions. The Global Credit Facility may be used to borrow funds in U.S. dollars or any alternative currency (including euros and any other currency that is freely convertible into U.S. dollars, a pproved at the request of the Company by the lenders) and has a $75.0 million letter of credit sublimit. In addition, the Global Credit Facility supports VF’s U.S. commercial paper program for short-term, seasonal working capital requirements and general corporate purposes, including dividends, acquisitions and share repurchases. Borrowings under the Global Credit Facility are priced at a credit spread of 101.5 basis points over the appropriate LIBOR benchmark for each currency. VF is also required to pay a facility fee to the lenders, currently equal to 11.0 basis points of the comm itted amount of the facility. The credit spread and facility fee are subject to adjustment based on VF’s credit ratings. Outstanding short-term balances may vary from period to period depending on the level of corporate requirements. In May 2023, VF entered into an amendment to the Global Credit Facility, which replaces the LIBOR benchmark interest rate with a benchmark interest rate based on the forward-looking secured overnight financing rate ("Term SOFR") or EURIBOR, plus a credit spread adjustment of 10 basis points for Term SOFR. The Global Credit Facility contains certain restrictive covenants, which include maintenance of a consolidated net indebtedness to consolidated net capitalization ratio. In February 2023, VF entered into an amendment to the Global Credit Facility that amended the restrictive covenant calculation of consolidated net indebtedness to consolidated net capitalization ratio to permit certain addbacks, including noncash impairment charges and material impacts resulting from adverse legal rulings relating to certain pending legal proceedings, in an amount up to $850.0 million for the specified timeframes. Additionally, as amended, the consolidated net indebtedness to consolidated net capitalization ratio financial covenant, as of the last day of any fiscal quarter, cannot be greater than 0.70 to 1.00 through the last day of the fiscal quarter ending on or about September 30, 2024, then 0.65 to 1.00 through the last day of the fiscal quarter ending on or about September 30, 2025, and 0.60 to 1.00 thereafter. As of March 2023, VF was in compliance with all covenants. VF’s commercial paper program allows for borrowings of up to $2.25 billion to the extent it has borrowing capacity under the Global Credit Facility. As of March 2023, there were no commercial paper borrowings. Outstanding commercial paper borrowings totaled $330.0 million at March 2022 and had a weighted average interest rate of 0.64%. The Global Credit Facility also had $7.7 million and $24.3 million of outstanding standby letters of credit issued on behalf of VF as of March 2023 and 2022, respectively, le aving $2.2 billion an d $1.9 billion as of March 2023 and 2022, respectively, available for borrowing against this facility. VF h as $84.6 million of international lines of credit with various banks, which are uncommitted and may be terminated at any time by either VF or the banks. Total outstanding balances under these arrangements were $11.5 million a nd $5.5 million at March 2023 and 2022, respectively. Borrowings under these arrangements had a weighted average interest ra te of 39.1% an

ACCRUED LIABILITIES

ACCRUED LIABILITIES	12 Months Ended
	Apr. 01, 2023
Payables and Accruals [Abstract]
ACCRUED LIABILITIES	ACCRUED LIABILITIES (In thousands) March 2023 March 2022 Current portion of operating lease liabilities (Note 10) $ 332,222 $ 353,948 Income taxes 314,465 424,135 Compensation 141,437 227,862 Customer discounts and allowances 220,614 216,823 Other taxes 151,621 157,009 Restructuring (Note 26) 43,121 26,392 Contract liabilities (Note 2) 62,214 71,067 Contingent consideration (Note 23) — 56,976 Advertising 41,338 54,162 Freight, duties and postage 57,271 52,669 Interest 60,504 52,278 Derivative financial instruments (Note 24) 59,995 24,267 Insurance 15,501 16,871 Product warranty claims (Note 15) 11,308 11,742 Pension liabilities (Note 16) 20,727 16,927 Deferred compensation (Note 16) 18,936 14,698 Other 122,377 138,066 Accrued liabilities $ 1,673,651 $ 1,915,892

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Apr. 01, 2023
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT (In thousands) March 2023 March 2022 2.050% notes, due April 2022 ("2022 notes") $ — $ 499,910 0.625% notes, due September 2023 ("2023 notes") 923,354 936,824 Delayed Draw Term Loan Agreement, due December 2024 999,269 — 2.400% notes, due April 2025 ("2025 notes") 746,933 745,517 4.125% notes, due March 2026 ("2026 notes") 539,121 — 2.800% notes, due April 2027 ("2027 notes") 497,029 496,410 0.250% notes, due February 2028 ("2028 notes") 538,923 546,516 4.250% notes, due March 2029 ("2029 notes") 537,809 — 2.950% notes, due April 2030 ("2030 notes") 744,246 743,528 0.625% notes, due February 2032 ("2032 notes") 534,763 542,247 6.000% notes, due October 2033 ("2033 notes") 271,869 271,505 6.450% notes, due November 2037 ("2037 notes") 284,765 284,566 Finance leases 17,238 18,289 Total long-term debt 6,635,319 5,085,312 Less current portion 924,305 501,051 Long-term debt, due beyond one year $ 5,711,014 $ 4,584,261 Term Debt Facility In August 2022, the Company entered into a delayed draw Term Loan Agreement (the “DDTL Agreement”). Under the DDTL Agreement, the lenders agreed to provide up to three separate delayed draw term loans (each, a "Delayed Draw”) to the Company in an aggregate principal amount of up to $1.0 billion (which may be increased to $1.1 billion subject to the terms and conditions of the DDTL Agreement). The DDTL Agreement has a termination date of December 14, 2024. Subject to the terms and conditions of the DDTL Agreement, the Company may request extensions of the termination date. Interest on the borrowings under the DDTL Agreement will generally be at Term SOFR, plus a 10 basis point credit spread adjustment, plus a margin. The margin ranges from 0.70% to 0.875% per annum based on the Company’s credit ratings. The Company is permitted at any time to prepay outstanding Delayed Draws without premium or penalty. During the third quarter of Fiscal 2023 , VF completed two draws under the DDTL Agreement totaling $1.0 billion, all of which will mature in December 2024. In connection with the draws, VF elected a base rate of one-month Term SOFR. The weighted average interest rate at March 2023 was 5.73%. The DDTL Agreement is subject to the same restrictive covenants as the Global Credit Facility. See Note 12 for additional information. Senior Notes Debt Issuance In March 2023, VF issued €500.0 million of 4.125% euro-denominated fixed-rate notes maturing in March 2026 and €500.0 million of 4.250% euro-denominated fixed-rate notes maturing in March 2029. The 2029 notes were issued as a green bond, and thus an amount equal to the net proceeds has been dedicated to projects that focus on VF's key environmental sustainability initiatives. Redemption and Maturity In December 2021, VF completed an early redemption of $500.0 million in aggregate principal amount of its outstanding 2.050% Senior Notes due April 2022. The redemption price was equal to the sum of the present value of the remaining scheduled payments of principal and interest discounted to the redemption date at 38.7 basis points, which resulted in a make-whole premium of $3.2 million. Additionally, in connection with the redemption, $0.5 million of unamortized original issue discount and debt issuance costs were recognized. The make-whole premium and amortization were recorded in the loss on debt extinguishment line item in the Consolidated Statement of Operations in the year ended March 2022. On April 25, 2022, VF repaid the remaining $500.0 million in aggregate principal amount of its outstanding 2.050% Senior Notes due April 2022, in accordance with the terms of the notes. Other Information All notes, along with any amounts outstanding under the Global Credit Facility (Note 12), rank equally as senior unsecured obligations of VF. All notes contain customary covenants and events of default, including limitations on liens and sale- leaseback transactions and a cross-acceleration event of default. The cross-acceleration provision of the 2033 notes is triggered if more than $50.0 million of other debt is in default and has been accelerated by the lenders. For the other notes, the cross-acceleration trigger is $100.0 million. If VF fails in the performance of any covenant under the indentures that govern the respective notes, the trustee or lenders may declare the principal due and payable immediately. As of March 2023, VF wa s in compliance wi th all covenants. None of the long-term debt agreements contain acceleration of maturity clauses based solely on changes in credit ratings. However, if there were a change in control of VF and, as a result of the change in control, the notes were rated below investment grade by recognized rating agencies, then VF would be obligated to repurchase those notes at 101% of the aggregate principal amount plus any accrued interest. The change of control provision applies to all notes, except for the 2033 notes. VF may redeem its notes, in whole or in part, at a price equal to the greater of (i) 100% of the principal amount, plus accrued interest to the redemption date, or (ii) the sum of the present value of the remaining scheduled payments of principal and interest discounted to the redemption date at an adjusted treasury rate, as defined, plus 15 basis points for the 2023, 2028, 2032 and 2033 notes, 25 basis points for the 2026 and 2037 notes, 30 basis points for the 2029 notes, 35 basis points for the 2025 notes and 40 basis points for the 2027 and 2030 notes, plus accrued interest to the redemption date. In addition, the 2023, 2029, 2030 and 2032 notes can be redeemed at 100% of the principal amount plus accrued interest to the redemption date within the three months prior to maturity, the 2027 and 2028 notes can be redeemed at 100% of the principal amount plus accrued interest to the redemption date within two months prior to maturity and the 2025 and 2026 notes can be redeemed at 100% of the principal amount plus accrued interest to the redemption date within one month prior to maturity. The 2025, 2027 and 2030 notes have a principal balance of $750.0 million, $500.0 million and $750.0 million, respectively, and are recorded net of unamortized original issue discounts and debt issuance costs. Interest expense on the 2025, 2027 and 2030 notes is recorded at an effective annual interest rate of 2.603%, 2.953% and 3.071%, respectively. The 2023, 2026, 2028, 2029 and 2032 notes have a principal balance of €850.0 million, €500.0 million, €500.0 million, €500.0 million and €500.0 million, respectively, and are recorded net of unamortized original issue discounts and debt issuance costs. Interest expense on the 2023, 2026, 2028, 2029 and 2032 notes is recorded at an effective annual interest rate of 0.712%, 4.339% 0.388%, 4.409% and 0.789%, respectively. The Company has designated these notes as a net investment hedge of VF's investment in certain foreign operations. Refer to Note 24 for additional information. The 2033 and 2037 notes have a principal balance of $277.0 million and $286.9 million, respectively, and are recorded net of unamortized original issue discounts and debt issuance costs. Interest expense on the 2033 and 2037 notes is recorded at an effective annual interest rate of 6.19% and 6.57%, respectively. Interest payments are due annually on the 2023, 2026, 2028, 2029 and 2032 notes and semiannually on all other notes. The scheduled payments of long-term debt, excluding finance leases (Note 10), at the end of Fiscal 2023 for the next five fiscal years and thereafter are summarized as follows: (In thousands) Notes and Other 2024 $ 923,586 2025 1,000,000 2026 1,293,450 2027 — 2028 1,043,450 Thereafter 2,400,827 6,661,313 Less unamortized debt discount 17,869 Less unamortized debt issuance costs 25,363 Total long-term debt 6,618,081 Less current portion 923,354 Long-term debt, due beyond one year $ 5,694,727

OTHER LIABILITIES

OTHER LIABILITIES	12 Months Ended
	Apr. 01, 2023
Other Liabilities Disclosure [Abstract]
OTHER LIABILITIES	OTHER LIABILITIES (In thousands) March 2023 March 2022 Income taxes $ 273,955 $ 394,472 Deferred income taxes (Note 19) 107,546 150,401 Deferred compensation (Note 16) 77,428 114,380 Pension liabilities (Note 16) 72,825 111,173 Product warranty claims 41,111 41,745 Derivative financial instruments (Note 24) 12,658 3,456 Other 65,531 72,809 Other liabilities $ 651,054 $ 888,436 VF accrues warranty costs, as cost of goods sold, at the time revenue is recognized. Product warranty costs are estimated based on historical experience and specific identification of the product requirements, which may fluctuate based on product mix. Activity relating to accrued product warranty claims is summarized as follows: Year Ended March (In thousands) 2023 2022 2021 Balance, beginning of year $ 53,487 $ 62,087 $ 60,124 Accrual for products sold during the year 11,086 8,815 13,844 Repair or replacement costs incurred and other (12,024) (17,025) (12,386) Currency translation (130) (390) 505 Balance, end of year 52,419 53,487 62,087 Less current portion (Note 13) 11,308 11,742 13,396 Long-term portion $ 41,111 $ 41,745 $ 48,691

RETIREMENT AND SAVINGS BENEFIT

RETIREMENT AND SAVINGS BENEFIT PLANS	12 Months Ended
	Apr. 01, 2023
Retirement Benefits [Abstract]
RETIREMENT AND SAVINGS BENEFIT PLANS	RETIREMENT AND SAVINGS BENEFIT PLANS VF has various retirement and savings benefit plans covering eligible employees. VF retains the right to curtail or discontinue any of the plans, subject to local regulations. Defined Benefit Pension Plans Defined benefit plans provide pension benefits based on participant compensation and years of service. VF sponsors a noncontributory qualified defined benefit pension plan covering most full-time U.S. employees employed before 2005 (the “U.S. qualified plan”) and an unfunded supplemental defined benefit pension plan that provides benefits in excess of limitations imposed by income tax regulations (the “U.S. nonqualified plan”). VF was in a net funded status at the end of Fiscal 2023. The U.S. qualified plan is fully funded and the majority of underfunded amounts relate to obligations under the unfunded U.S. nonqualified plan. As of December 31, 2018, the U.S. qualified defined benefit pension plan and supplemental defined benefit pension plan were frozen for all future benefit accruals. The U.S. qualified and nonqualified plans comprise 86% of VF’s total defined benefit plan assets and 83% of VF’s total projected benefit obligations at March 2023, and the remainder relates to non-U.S. defined benefit plans. A March 31 measurement date is used to value plan assets and obligations for all pension plans. The amounts reported in these disclosures have not been segregated between continuing and discontinued operations. The components of pension cost (income) for VF’s defined benefit plans were as follows: Year Ended March (In thousands) 2023 2022 2021 Service cost — benefits earned during the period $ 10,632 $ 14,288 $ 15,747 Interest cost on projected benefit obligations 44,732 37,534 47,316 Expected return on plan assets (63,157) (77,432) (83,107) Settlement charges 93,731 7,466 1,584 Curtailments — — 920 Amortization of deferred amounts: Net deferred actuarial losses 16,395 11,310 11,911 Deferred prior service credits (453) (440) (81) Net periodic pension cost (income) $ 101,880 $ (7,274) $ (5,710) Weighted average actuarial assumptions used to determine pension cost (income): Discount rate in effect for determining service cost 1.42 % 0.46 % 1.32 % Discount rate in effect for determining interest cost 4.09 % 2.16 % 2.82 % Expected long-term return on plan assets 5.24 % 4.53 % 4.97 % Rate of compensation increase (a) 1.95 % 2.01 % 2.04 % (a) Rate of compensation increase is calculated as the weighted average rate of compensation increase for active plans. Frozen plans are excluded from the calculation. During the year ended March 2023, VF entered into an agreement with The Prudential Insurance Company of America (“Prudential”) to purchase an irrevocable group annuity contract relating to approximately $330.0 million of the U.S. qualified defined benefit pension plan obligations. The transaction closed on June 30, 2022 and was funded entirely by existing assets of the plan. Under the group annuity contract, Prudential assumed responsibility for benefit payments and annuity administration for approximately 17,700 retirees and beneficiaries. The transaction will not change the amount or timing of monthly retirement benefit payments. VF recorded a $91.8 million settlement charge in the other income (expense) the Consolidated Statement of Operations during the year ended March 2023 to recognize the related deferred actuarial losses in accumulated OCI . Additionally, VF recorded $1.9 million, $7.5 million and $1.6 million of settlement charges in the other income (expense), net line item in the Consolidated Statements of Operations for the years ended March 2023, 2022 and 2021, respectively. These settlement charges related to the recognition of deferred actuarial losses resulting from lump-sum payments of retirement benefits in the U.S. nonqualified plan. The following provides a reconciliation of the changes in fair value of VF’s defined benefit plan assets and projected benefit obligations for each period, and the funded status at the end of each period: (In thousands) March 2023 March 2022 Fair value of plan assets, beginning of period $ 1,643,435 $ 1,755,414 Actual return on plan assets (146,068) (26,855) VF contributions 22,683 34,035 Participant contributions 5,035 5,026 Settlement (328,412) — Benefits paid (79,865) (118,389) Currency translation (5,098) (5,796) Fair value of plan assets, end of period 1,111,710 1,643,435 Projected benefit obligations, beginning of period 1,557,715 1,741,710 Service cost 10,632 14,288 Interest cost 44,732 37,534 Participant contributions 5,035 5,026 Actuarial gain (183,536) (117,214) Settlement (328,412) — Benefits paid (79,865) (118,389) Plan amendments (478) — Currency translation (4,490) (5,240) Projected benefit obligations, end of period (a) 1,021,333 1,557,715 Funded status, end of period $ 90,377 $ 85,720 (a) The change in projected benefit obligations in the years ended March 2023 and 2022 were driven by actuarial gains, primarily as a result of changes in discount rates. The change in projected benefit obligations in the year ended March 2023 was also driven by the purchase of an irrevocable group annuity contract relating to approximately $330.0 million of the U.S. qualified defined benefit pension plan obligations. Pension benefits are reported in the Consolidated Balance Sheets as a net asset or liability based on the overfunded or underfunded status of the defined benefit plans, assessed on a plan-by-plan basis. (In thousands) March 2023 March 2022 Amounts included in Consolidated Balance Sheets: Other assets (Note 11) $ 183,929 $ 213,820 Accrued liabilities (Note 13) (20,727) (16,927) Other liabilities (Note 15) (72,825) (111,173) Funded status $ 90,377 $ 85,720 Accumulated other comprehensive loss, pretax: Net deferred actuarial losses $ 241,864 $ 326,929 Net deferred prior service credits (4,286) (4,204) Total accumulated other comprehensive loss, pretax $ 237,578 $ 322,725 Accumulated benefit obligations $ 1,005,159 $ 1,539,593 Weighted average actuarial assumptions used to determine pension obligations: Discount rate 4.89 % 3.65 % Rate of compensation increase (a) 2.15 % 1.95 % (a) Rate of compensation increase is calculated as the weighted average rate of compensation increase for active plans. Frozen plans are excluded from the calculation. The actuarial model utilizes discount rates, which are used to estimate the present value of future cash outflows necessary to meet the projected benefit obligations for VF's defined benefit plans. The discount rates reflect the estimated interest rate that VF could use to settle its projected benefit obligations at the valuation date. The discount rate assumption is based on current market interest rates. VF selects a discount rate for each defined benefit pension plan by matching high quality corporate bond yields to the timing of the projected benefit payments to participants in each plan. VF uses the spot rate approach to measure the projected benefit obligations and service and interest costs. Under the spot rate approach, the full yield curve is applied separately to cash flows for each projected benefit obligation, service cost, and interest cost for a more precise calculation. Accumulated benefit obligations at any measurement date are the present value of vested and unvested pension benefits earned, without considering projected future compensation increases. Projected benefit obligations are the present value of vested and unvested pension benefits earned, considering projected future compensation increases. Deferred actuarial gains and losses are changes in the amount of either the benefit obligation or the value of plan assets resulting from differences between expected amounts for a year using actuarial assumptions and the actual results for that year. These amounts are deferred as a component of accumulated OCI and amortized to pension cost (income) in future years. For the U.S. qualified plan, amounts in excess of 20% of projected benefit obligations at the beginning of the year are amortized over five years; amounts between (i) 10% of the greater of projected benefit obligations or plan assets, and (ii) 20% of projected benefit obligations, are amortized over the expected average life expectancy of all participants; and amounts less than the greater of 10% of projected benefit obligations or plan assets are not amortized. For the U.S. nonqualified plan, amounts in excess of 10% of the pension benefit obligations are amortized on a straight-line basis over the expected average life expectancy of all participants. Deferred prior service credits related to plan amendments are also recorded in accumulated OCI and amortized to pension cost (income) on a straight-line basis over the average remaining years of service for active employees. The following provides information for VF's defined benefit plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets: (In thousands) March 2023 March 2022 Projected benefit obligations $ 186,532 $ 213,002 Accumulated benefit obligations 170,357 194,879 Fair value of plan assets 92,980 84,902 The net amount of projected benefit obligations and plan ass ets for underfunded defined benefit plans was $93.6 million and $128.1 million as of March 2023 and 2022, respectively, and was reported in accrued liabilities and other liabilities in the Consolidated Balance Sheets. Management’s investment objectives are to invest plan assets in a diversified portfolio of securities to provide long-term growth, minimize the volatility of the value of plan assets relative to plan liabilities, and to ensure plan assets are sufficient to pay the benefit obligations. Investment strategies focus on diversification among multiple asset classes, a balance of long-term investment return at an acceptable level of risk and liquidity to meet benefit payments. The primary objective of the investment strategies is to more closely align plan assets with plan liabilities by utilizing dynamic asset allocation targets dependent upon changes in the plan’s funded ratio, capital market expectations and risk tolerance. Plan assets are primarily composed of common collective trust funds that invest in liquid securities diversified across equity, fixed-income and other asset classes. Fund assets are allocated among independent investment managers who have full discretion to manage their portion of the fund’s assets, subject to strategy and risk guidelines established with each manager. The overall strategy, the resulting allocations of plan assets and the performance of funds and individual investment managers are continually monitored. Derivative financial instruments may be used by investment managers for hedging purposes. There are no direct investments in VF debt or equity securities and no significant concentrations of security risk. The expected long-term rate of return on plan assets was based on an evaluation of the weighted average expected returns for the major asset classes in which the plans have invested. Expected returns by asset class were developed through analysis of historical market returns, current market conditions, inflation expectations and equity and credit risks. Inputs from various investment advisors on long-term capital market returns and other variables were also considered where appropriate. The fair value of investments held by VF’s defined benefit plans at March 2023 and March 2022, by asset class, is summarized below. Refer to Note 23 for a description of the three levels of the fair value measurement hierarchy. Total Plan Fair Value Measurements (In thousands) Level 1 Level 2 Level 3 March 2023 Plan assets Cash equivalents $ 983 $ 983 $ — $ — Fixed income securities: U.S. Treasury and government agencies 3 — 3 — Insurance contracts 97,429 — 97,429 — Futures contracts 6,649 6,649 — — Total plan assets in the fair value hierarchy 105,064 $ 7,632 $ 97,432 $ — Plan assets measured at net asset value Cash equivalents 118,114 Equity securities: Domestic 34,957 International 51,577 Fixed income securities: Corporate and international bonds 734,455 Alternative investments 67,543 Total plan assets measured at net asset value 1,006,646 Total plan assets $ 1,111,710 Total Plan Fair Value Measurements (In thousands) Level 1 Level 2 Level 3 March 2022 Plan assets Cash equivalents $ 5,761 $ 5,761 $ — $ — Fixed income securities: U.S. Treasury and government agencies 4 — 4 — Insurance contracts 88,574 — 88,574 — Futures contracts (2,812) (2,812) — — Total plan assets in the fair value hierarchy 91,527 $ 2,949 $ 88,578 $ — Plan assets measured at net asset value Cash equivalents 73,849 Equity securities: Domestic 94,844 International 77,468 Fixed income securities: Corporate and international bonds 1,177,421 Alternative investments 128,326 Total plan assets measured at net asset value 1,551,908 Total plan assets $ 1,643,435 Cash equivalents include cash held by individual investment managers of other asset classes for liquidity purposes (Level 1), and an institutional fund that invests primarily in short-term U.S. government securities measured at their daily net asset value. The fair values of insurance contracts are provided by the insurance companies and are primarily based on accumulated contributions plus returns guaranteed by the insurers (Level 2). Futures contracts consist of U.S. Treasury bond futures contracts (Level 1). Equity and fixed-income securities generally represent institutional funds measured at their daily net asset value derived from quoted prices of the underlying investments. Alternative investments are primarily in funds of hedge funds (“FoHFs”), which are comprised of different and independent hedge funds with various investment strategies. The administrators of the FoHFs utilize unobservable inputs to calculate the net asset value of the FoHFs on a monthly basis. VF makes contributions to its defined benefit plans sufficient to meet minimum funding requirements under applicable laws, plus discretionary amounts as determined by management. VF does not currently plan to make any contributions to the U.S. qualified plan during Fiscal 2024, and intends to make approximately $30.3 million of contributions to its other defined benefit plans during Fiscal 2024. The estimated future benefit payments for all of VF’s defined benefit plans, are approximately $78.0 million in Fiscal 2024, $66.5 million in Fiscal 2025, $66.4 million in Fiscal 2026, $69.2 million in Fiscal 2027, $69.0 million in Fiscal 2028 and $359.6 million for Fiscal 2029 through 2033. Other Retirement and Savings Plans VF sponsors a nonqualified retirement savings plan for employees whose contributions to a 401(k) plan would be limited by provisions of the Internal Revenue Code. This plan allows participants to defer a portion of their compensation and to receive matching contributions for a portion of the deferred amounts. Participants earn a return on their deferred compensation based on their selection of a hypothetical portfolio of publicly traded mutual funds. Changes in the fair value of the participants’ hypothetical investments are recorded as an adjustment to deferred compensation liabilities and compensation expense. Expense under this plan was $0.8 million, $1.3 million and $1.4 million in the years ended March 2023, 2022 and 2021, respectively. Deferred compensation, including accumulated earnings, is distributable in cash at participant-specified dates upon retirement, death, disability or termination of employment. VF sponsors a similar nonqualified plan that permits nonemployee members of the Board of Directors to defer their Board compensation. VF also has remaining obligations under other deferred compensation plans, primarily related to acquired comp anies. At March 2023, VF’s liability to participants under all deferred compensation plans was $96.3 million, of which $18.9 million was recorded in accrued liabilities (Note 13) and $77.4 million was recorded in other liabilities (Note 15). VF has purchased (i) publicly traded mutual funds in the same amounts as most of the participant-directed hypothetical investments underlying the deferred compensation liabilities, and (ii) variable life insurance contracts that invest in institutional funds that are substantially the same as the participant-directed hypothetical investments. These investment securities and earnings thereon are intended to provide a source of funds to meet the deferred compensation obligations, and serve as an economic hedge of the financial impact of changes in deferred compensation liabilities. They are held in an irrevocable trust but are subject to claims of creditors in the event of VF’s insolvency. VF also has assets related to deferred compensation plans of acquired companies, which are primarily invested in life insurance contracts. At March 2023, the value of investments held for all deferred compensation plans was $138.9 million, of which $18.5 million was recorded in other current assets and $120.4 million was recorded in other assets (Note 11). Realized and unrealized gains and losses on these deferred compensation assets are recorded in compensation expense in the Consolidated Statements of Operations and substantially offset losses and gains resulting from changes in deferred compensation liabilities to participants. VF sponsors 401(k) plans as well as other domestic and foreign retirement and savings plans. Expense for these plans totaled $42.6 million, $42.0 million and $34.5 million in the years ended March 2023, 2022 and 2021, respectively.

CAPITAL AND ACCUMULATED OTHER C

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Apr. 01, 2023
Equity [Abstract]
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Common Stock During the years ended March 2023 and 2021, the Company did not purchase shares of Common Stock in open market transactions under its share repurchase program authorized by VF’s Board of Directors. During the year ended March 2022, the Company purchased 4.8 million shares of Common Stock in open market transactions for $350.0 million under its share repurchase program authorized by VF's Board of Directors. These purchases were treated as treasury stock transactions. Common Stock outstanding is net of shares held in treasury which are, in substance, retired. During the year ended March 2022, VF restored 4.8 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 March 2023, 2022 or 2021. 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. Accumulated Other Comprehensive Income (Loss) Comprehensive income consists of net income and specified components of OCI, which relate 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) March 2023 March 2022 Foreign currency translation and other $ (859,651) $ (751,632) Defined benefit pension plans (167,692) (230,290) Derivative financial instruments 7,825 55,343 Accumulated other comprehensive income (loss) $ (1,019,518) $ (926,579) The changes in accumulated OCI, net of related taxes, were as follows: (In thousands) Foreign Currency Translation and Other Defined Derivative Total Balance, March 2020 $ (737,709) $ (262,472) $ 69,223 $ (930,958) Other comprehensive income (loss) before reclassifications (4,828) (6,197) (100,448) (111,473) Amounts reclassified from accumulated other comprehensive income (loss) 42,364 10,922 (19,855) 33,431 Net other comprehensive income (loss) 37,536 4,725 (120,303) (78,042) Balance, March 2021 (700,173) (257,747) (51,080) (1,009,000) Other comprehensive income (loss) before reclassifications (51,459) 13,547 59,753 21,841 Amounts reclassified from accumulated other comprehensive income (loss) — 13,910 46,670 60,580 Net other comprehensive income (loss) (51,459) 27,457 106,423 82,421 Balance, March 2022 (751,632) (230,290) 55,343 (926,579) Other comprehensive income (loss) before reclassifications (108,019) (18,596) 44,979 (81,636) Amounts reclassified from accumulated other comprehensive income (loss) — 81,194 (92,497) (11,303) Net other comprehensive income (loss) (108,019) 62,598 (47,518) (92,939) Balance, March 2023 $ (859,651) $ (167,692) $ 7,825 $ (1,019,518) Reclassifications out of accumulated OCI were as follows: (In thousands) Affected Line Item in the Consolidated Statements of Operations Year Ended March Details About Accumulated Other 2023 2022 2021 Losses on foreign currency translation and other: Liquidation of foreign entities Other income (expense), net $ — $ — $ (42,364) Total before tax — — (42,364) Tax (expense) benefit — — — Net of tax — — (42,364) Amortization of defined benefit pension plans: Net deferred actuarial losses Other income (expense), net (16,395) (11,310) (11,911) Deferred prior service credits Other income (expense), net 453 440 81 Pension settlement charges Other income (expense), net (93,731) (7,466) (1,584) Pension curtailment losses Other income (expense), net — — (920) Total before tax (109,673) (18,336) (14,334) Tax benefit 28,479 4,426 3,412 Net of tax (81,194) (13,910) (10,922) Gains (losses) on derivative financial instruments: Foreign exchange contracts Net revenues (6,843) (27,382) 2,596 Foreign exchange contracts Cost of goods sold 120,438 (26,346) 19,485 Foreign exchange contracts Selling, general and administrative expenses 6,695 (487) 2,797 Foreign exchange contracts Other income (expense), net (10,365) (219) (137) Interest rate contracts Interest expense 235 108 107 Total before tax 110,160 (54,326) 24,848 Tax (expense) benefit (17,663) 7,656 (4,993) Net of tax 92,497 (46,670) 19,855 Total reclassifications for the period, net of tax $ 11,303 $ (60,580) $ (33,431)

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Apr. 01, 2023
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Pursuant to the amended and restated 1996 Stock Compensation Plan approved by stockholders, VF is authorized to grant nonqualified stock options, restricted stock units (“RSUs”) and restricted stock to officers, key employees and nonemployee members of VF’s Board of Directors. Substantially all stock-based compensation awards are classified as equity awards, which are accounted for in stockholders’ equity in the Consolidated Balance Sheets. On a limited basis, cash-settled stock appreciation rights and RSUs are granted to employees in certain international jurisdictions. These awards are accounted for as liabilities in the Consolidated Balance Sheets and remeasured to fair value each reporting period until the awards are settled. Compensation cost for all awards expected to vest is recognized over the shorter of the requisite service period or the vesting period, including accelerated recognition for retirement-eligible employees. Awards that do not vest are forfeited. Total stock-based compensation cost and the associated income tax benefits recognized in the Consolidated Statements of Operations are as follows: Year Ended March (In thousands) 2023 2022 2021 Stock-based compensation cost $ 60,354 $ 91,358 $ 70,823 Income tax benefits 13,714 21,917 17,373 At the end of March 2023, there wa s $67.3 million of t otal unrecognized compensation cost related to all stock-based compensation arrangements that will be recognized over a weighted average period of 1.5 years. At the end of March 2023, there w ere 19,070,828 shares available for future grants of stock options and stock awards under the 1996 Stock Compensation Plan. Shares for option exercises are issued from VF’s authorized but unissued Common Stock. Stock Options Stock options are granted with an exercise price 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, and compensation cost is recognized ratably over the shorter of the requisite service period or the vesting period. 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. All options have ten-year terms. 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: Year Ended March 2023 2022 2021 Expected volatility 30% to 46% 28% to 41% 28% to 48% Weighted average expected volatility 39% 36% 37% Expected term (in years) 6.0 to 7.8 6.1 to 7.9 6.2 to 8.0 Weighted average dividend yield 2.9% 2.6% 2.4% Risk-free interest rate 1.53% to 4.89% 0.04% to 1.81% 0.07% to 1.11% Weighted average fair value at date of grant $13.46 $20.17 $15.81 Expected volatility over the contractual term of an option was based on a combination of the implied volatility from publicly traded options on VF Common Stock and the historical volatility of VF Common Stock. The expected term represents the period of time over which vested options are expected to be outstanding before exercise. VF used historical data to estimate option exercise behaviors and to estimate the number of options that would vest. Groups of employees that have historically exhibited similar option exercise behaviors were considered separately in estimating the expected term for each employee group. Dividend yield represents expected dividends on VF Common Stock for the contractual life of the options. Risk-free interest rates for the periods during the contractual life of the option were the implied yields at the date of grant from the U.S. Treasury zero coupon yield curve. Stock option activity for the year ended March 2023 is summarized as follows: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding, March 2022 8,047,657 $ 66.04 Granted 2,478,515 45.10 Exercised (53,567) 42.57 Forfeited/cancelled (1,421,277) 53.48 Outstanding, March 2023 9,051,328 $ 62.42 6.2 $ — Exercisable, March 2023 5,973,499 $ 66.08 5.0 $ — The total fair value of stock options that vested during the years ended March 2023, 2022 and 2021 was $23.2 million, $16.6 million and $15.5 million, respectively. The total intrinsic value of stock options exercised during the years ended March 2023, 2022 and 2021 , was $0.4 million, $22.9 million and $44.9 million, respectively. Restricted Stock Units VF grants performance-based RSUs that enable employees to receive shares of VF Common Stock at the end of a three-year period. 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 are issued to participants in the year following the conclusion of each three-year performance period. For performance-based RSUs granted in Fiscal 2023, the financial targets include 50% weighting based on VF's revenue growth and 50% weighting based on VF's gross margin performance over the three-year period compared to financial targets. Additionally, the actual number of shares earned may 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 $3.46 per share. For performance-based RSUs granted in Fiscal 2022 and 2021, the financial targets include 50% weighting based on VF's revenue growth over the three-year period compared to a group of industry peers and 50% weighting based on VF's TSR over the three-year period compared to the TSR for companies included in the Standard & Poor's 500 Consumer Discretionary Index. The grant date fair value of the TSR portion of the performance-based RSU grants was determined using a Monte Carlo simulation technique that incorporates option-pricing model inputs, and was $101.56 and $81.60 per share for the performance-based RSU grants in the years ended March 2022 and 2021, respectively. Additionally, the actual number of performance-based RSUs earned may be adjusted upward or downward by 25% of the target award, based on VF's gross margin performance over the three-year period. VF also grants nonperformance-based RSUs to employees as part of its stock compensation program and to nonemployee members of the Board of Directors. Each nonperformance-based RSU entitles the holder to one share of VF Common Stock. The employee nonperformance-based RSUs generally vest over periods of up to four years from the date of grant. The nonperformance-based RSUs granted to nonemployee members of the Board of Directors vest upon grant and will be settled in shares of VF Common Stock one year from the date of grant. Dividend equivalents on the RSUs accrue without compounding and are payable in additional shares of VF Common Stock when the RSUs vest. Dividend equivalents are subject to the same risk of forfeiture as the RSUs. RSU activity for the year ended March 2023 is summarized as follows: Performance-based Nonperformance-based Number Outstanding (a) Weighted Average Number Outstanding Weighted Average Outstanding, March 2022 912,963 $ 80.75 901,956 $ 71.42 Granted 364,192 45.23 1,103,228 38.31 Issued as Common Stock (248,203) 84.27 (207,011) 64.42 Forfeited/cancelled (165,024) 53.78 (220,133) 59.46 Outstanding, March 2023 863,928 $ 69.92 1,578,040 $ 50.85 Vested, March 2023 551,338 $ 72.68 112,197 $ 67.09 (a) Reflects activity at target level of awards and has not been adjusted for performance and market conditions. The weighted average fair value of performance-based RSUs granted during the year ended March 2023 was $45.23 per share, based on the fair market value of the underlying VF Common Stock on each grant date. The weighted average fair value of performance-based RSUs granted during the years ended March 2022 and March 2021 was $89.65 and $70.88 per share, respectively, based on the weighting of the TSR and the fair market value of the underlying VF Common Stock on each grant date. The total market value of awards outstanding at the end of March 2023 was $19.8 million. Awards earned and vested for the three-year performance period ended in March 2022 and distributed in early Fiscal 2023 totaled 92,848 shares of VF Common Stock having a value of $4.4 million. Similarly, 135,562 shares of VF Common Stock having a value of $11.6 million were earned for the performance period ended in March 2021 and distributed in early Fiscal 2022. The weighted average fair value of nonperformance-based RSUs granted during the years ended March 2023, 2022 and 2021 was $38.31, $75.29 and $63.99 per share, respectively, which was equal to the fair market value of the underlying VF Common Stock on each grant date. The total market value of awards outstanding at the end of March 2023 was $36.2 million. Restricted Stock VF grants restricted shares of VF Common Stock to certain members of management. The fair value of the restricted shares, equal to the fair market value of VF Common Stock at the grant date, is recognized ratably over the vesting period. Restricted shares vest over periods of up to four years from the date of grant. Dividends accumulate in the form of additional restricted shares and are subject to the same risk of forfeiture as the restricted stock. Restricted stock activity during Fiscal 2023 included vesting of a portion of the shares of VF Common Stock deposited in escrow in connection with the Supreme acquisition, which for accounting purposes, are considered stock-based compensation. Restricted stock activity for the year ended March 2023 is summarized below: Nonvested Shares Outstanding Weighted Average Grant Date Fair Value Nonvested shares, March 2022 854,410 $ 79.43 Granted 125,981 35.72 Dividend equivalents 15,587 30.52 Vested (377,702) 82.99 Forfeited (20,141) 65.30 Nonvested shares, March 2023 598,135 $ 67.17 Nonvested shares of restricted stock had a market value of $13.7 million at the end of March 2023. The market value of the shares that vested during the years ended March 2023, 2022 and 2021 was $11.1 million, $5.0 million and $27.9 million, respectively.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Apr. 01, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The provision for income taxes was computed based on the following amounts of income from continuing operations before income taxes: Year Ended March (In thousands) 2023 2022 2021 Domestic $ (885,562) $ 518,386 $ (152,073) Foreign 928,849 1,004,864 608,545 Income before income taxes $ 43,287 $ 1,523,250 $ 456,472 The provision for income taxes consisted of: Year Ended March (In thousands) 2023 2022 2021 Current: Federal $ (114,772) $ 231,469 $ 6,373 Foreign 106,192 196,540 109,543 State (13,163) 36,461 25,462 (21,743) 464,470 141,378 Deferred: Federal and state (46,677) (177,381) (24,133) Foreign (6,877) 19,892 (15,679) (53,554) (157,489) (39,812) Income tax expense (benefit) $ (75,297) $ 306,981 $ 101,566 On May 19, 2019, Switzerland voted to approve the Federal Act on Tax Reform and AHV Financing ("Swiss Tax Act"). Provisions of the Swiss Tax Act were enacted for Swiss federal purposes during the second quarter of Fiscal 2020, and later enacted for certain cantons during the fourth quarter. These provisions resulted in adjustments to deferred tax assets and liabilities such that a net tax benefit of $93.6 million was recorded for the year ended March 2020. In the fourth quarter of Fiscal 2022, $67.4 million net tax expense was recorded related to changes to these previously recorded deferred tax assets. On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act ("U.S. Tax Act"), which included a transition tax under Section 965. The income tax payable attributable to the transition tax is due over an 8-year period that began in 2018. At the end of Fiscal 2023, a noncurrent income tax payable of approximately $113.0 million attributable to the transition tax is reflected in the other liabilities line item of the Consolidated Balance Sheet. The differences between income taxes computed by applying the statutory federal income tax rate and income tax expense (benefit) reported in the consolidated financial statements are as follows: Year Ended March (In thousands) 2023 2022 2021 Tax at federal statutory rate $ 9,090 $ 319,882 $ 95,859 State income taxes, net of federal tax benefit (17,301) 16,641 13,771 Foreign rate differences (38,609) (62,928) (5,605) Tax reform (94,877) 67,358 — Goodwill impairment 74,624 — 2,631 Stock compensation (federal) 2,304 (1,977) (4,783) Non-taxable contingent consideration adjustments — (28,090) — Interest on tax receivable (11,972) — — Other 1,444 (3,905) (307) Income tax expense (benefit) $ (75,297) $ 306,981 $ 101,566 Income tax expense (benefit) in the year ended March 2023 includes a $94.9 million favorable adjustment to VF’s transition tax liability under the U.S. Tax Act pursuant to the Internal Revenue Service ("IRS") examinations for tax year 2017 and short-tax year 2018. Income tax expense (benefit) also includes tax benefits of $10.6 million, $2.2 million and $3.6 million in the years ended March 2023, 2022 and 2021, respectively, from other favorable audit outcomes on certain tax matters and from expiration of statutes of limitations. 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. During 2015, the European Union Commission (“EU”) investigated and announced its decision that these rulings were illegal and ordered the tax benefits to be collected from affected companies, including VF. Requests for annulment were filed by Belgium and VF Europe BVBA individually. During 2017 and 2018, VF Europe BVBA was assessed and paid €35.0 million tax and interest, which was recorded as an income tax receivable and is included in the other current assets line item in VF's Consolidated Balance Sheets, based on the expected success of the requests for annulment. During 2019, the General Court annulled the EU decision and the EU subsequently appealed the General Court’s annulment. In September 2021, the General Court's judgment was set aside by the Court of Justice of the EU and the case was sent back to the General Court to determine whether the excess profit tax regime amounted to illegal State aid. The case remains open and unresolved. If this matter is adversely resolved, these amounts will not be collected by VF. In addition, VF has been granted a lower effective income tax rate on taxable earnings in one foreign jurisdiction that expired at the end of June 2020 and another foreign jurisdiction that will expire in March 2026. These lower rates, when compared with the country statutory rates, resulted in income tax reductions of $57.8 million ($0.15 per diluted share) in the year ended March 2023, $0.4 million ($0.00 per diluted share) in the year ended March 2022 and $3.8 million ($0.01 per diluted share) in the year ended March 2021. Deferred income tax assets and liabilities consisted of the following: (In thousands) March 2023 March 2022 Deferred income tax assets: Inventories $ 74,395 $ 38,661 Deferred compensation 24,557 32,349 Other employee benefits — 16,870 Stock compensation 27,589 27,610 Operating lease liabilities 361,676 327,668 Other accrued expenses 109,050 105,978 Interest expense limitation carryforward 3,932 1,711 Capital loss carryforwards 166,587 166,622 Operating loss and credit carryforwards 331,167 539,157 Gross deferred income tax assets 1,098,953 1,256,626 Valuation allowances (424,932) (616,533) Net deferred income tax assets 674,021 640,093 Deferred income tax liabilities: Depreciation 26,303 10,768 Intangible assets 277,473 361,182 Operating lease right-of-use assets 330,235 295,227 Other employee benefits 3,707 — Other deferred tax liabilities 48,732 22,337 Deferred income tax liabilities 686,450 689,514 Net deferred income tax assets (liabilities) $ (12,429) $ (49,421) Amounts included in the Consolidated Balance Sheets: Other assets (Note 11) $ 95,117 $ 100,980 Other liabilities (Note 15) (107,546) (150,401) $ (12,429) $ (49,421) At the end of Fiscal 2023, the Company is not asserting indefinite reinvestment with regards to short-term liquid assets of its foreign subsidiaries. All other foreign earnings, including basis differences of certain foreign subsidiaries, continue to be considered indefinitely reinvested. As of the end of Fiscal 2023, there was approximately $346.0 million of undistributed earnings of international subsidiaries which could result in additional U.S. income or other taxes. The Company has not determined the deferred tax liability associated with these undistributed earnings and basis differences, as such determination is not practicable. VF has potential tax benefits totaling $295.4 million for foreign operating loss carryforwards, of which $106.0 million have an unlimited carryforward life. In addition, there are $166.6 million of potential tax benefits for capital loss carryforwards that begin to expire in 2026 and $20.5 million of potential tax benefits for state operating loss and credit carryforwards that expire between 2024 and 2040. A valuation allowance has been provided where it is more likely than not that the deferred tax assets related to those operating loss carryforwards will not be realized. Valuation allowances totaled $262.5 million for available foreign operating loss carryforwards, $151.5 million for available capital loss carryforwards, $10.0 million for available state operating loss and credit carryforwards, and $0.9 million for other foreign deferred income tax assets. During Fiscal 2023, VF had a net decrease in valuation allowances of $0.6 million related to capital loss carryforwards, a net increase of $5.6 million related to state operating loss and credit carryforwards and a decrease of $196.6 million related to foreign operating loss carryforwards and other foreign deferred tax assets, inclusive of foreign currency effects. A reconciliation of the change in the accrual for unrecognized income tax benefits is as follows: (In thousands) Unrecognized Accrued Unrecognized Balance, March 2020 $ 184,723 $ 30,612 $ 215,335 Additions for current year tax positions 6,609 — 6,609 Additions for prior year tax positions 20,950 8,064 29,014 Reductions for prior year tax positions (2,073) (1,399) (3,472) Reductions due to statute expirations (761) (216) (977) Payments in settlement (3,464) (650) (4,114) Additions due to acquisitions 17,066 1,673 18,739 Currency translation (40) 57 17 Balance, March 2021 223,010 38,141 261,151 Additions for current year tax positions 28,098 — 28,098 Additions for prior year tax positions (a) 112,850 32,642 145,492 Reductions for prior year tax positions (895) (532) (1,427) Reductions due to statute expirations (5,803) (840) (6,643) Payments in settlement (21,278) (730) (22,008) Decrease due to divestiture (506) (340) (846) Currency translation 186 (43) 143 Balance, March 2022 335,662 68,298 403,960 Additions for current year tax positions 22,319 — 22,319 Additions for prior year tax positions 13,324 20,577 33,901 Reductions for prior year tax positions (3,747) (951) (4,698) Reductions due to statute expirations (15,369) (1,699) (17,068) Payments in settlement (3,847) (1,608) (5,455) Currency translation (172) (10) (182) Balance, March 2023 $ 348,170 $ 84,607 $ 432,777 (a) The year ended March 2022 included an increase resulting from updated estimates related to intellectual property transfers completed in a prior period. (In thousands) March 2023 March 2022 Amounts included in the Consolidated Balance Sheets: Unrecognized income tax benefits, including interest and penalties $ 432,777 $ 403,960 Less deferred tax benefits 135,175 126,179 Total unrecognized tax benefits $ 297,602 $ 277,781 The unrecognized tax benefits of $297.6 million at the end of Fiscal 2023, if recognized, would reduce the annual effective tax rate. 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 IRS examinations for tax years through 2015 have been effectively settled. As previously reported, VF petitioned the U.S. Tax Court (the “Court”) to resolve an IRS dispute regarding the timing of income inclusion associated with VF’s acquisition of The Timberland Company in September 2011. While the IRS argues that all such income should have been immediately included in 2011, VF has reported periodic income inclusions in subsequent tax years. Both parties moved for summary judgment on the issue. On January 31, 2022, the Court issued its opinion in favor of the IRS and on July 14, 2022 issued its final decision. VF believes the opinion of the Court was in error based on the technical merits and filed a notice of appeal on October 7, 2022. VF continues to believe its timing and treatment of the income inclusion is appropriate and VF is vigorously defending its position. On October 19, 2022, VF paid $875.7 million related to the 2011 taxes and interest being disputed, which was recorded as an income tax receivable and will accrue interest income. These amounts are included in the other assets line item in VF's Consolidated Balance Sheet at March 2023, based on our assessment of the position under the more-likely-than-not standard of the accounting literature. Refer to Note 21 for additional details on this matter. 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. Management also believes that it is reasonably possible that the amount of unrecognized income tax benefits may decrease by $281.4 million within the next 12 months due to settlement of audits and expiration of statutes of limitations, primarily comprised of tax payments related to intellectual property transfers completed in a prior period. The overall decrease of unrecognized tax benefits would reduce income tax expense by $23.7 million. On August 16, 2022, the U.S. enacted the Inflation Reduction Act of 2022, which, among other things, implements a 15% minimum tax on book income of certain large corporations, a 1% excise tax on net stock repurchases and several tax incentives to promote clean energy. Based on the current analysis of the provisions, the Company does not expect this legislation to have a material impact on VF's income tax accounts.

REPORTABLE SEGMENT INFORMATION

REPORTABLE SEGMENT INFORMATION	12 Months Ended
	Apr. 01, 2023
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. Based on this assessment, the Company's reportable segments have been identified as: Outdoor, Active and Work. Below is a description of VF's reportable segments and the brands included within each: REPORTABLE SEGMENT BRANDS Outdoor - Outdoor apparel, footwear and equipment The North Face ® Timberland ® Smartwool ® Altra ® Icebreaker ® Active - Active apparel, footwear and accessories Vans ® Supreme ® Kipling ® Napapijri ® Eastpak ® JanSport ® Work - Work and work-inspired lifestyle apparel and footwear Dickies ® Timberland PRO ® Other - included in the tables below for purposes of reconciliation of revenues and profit, but it is not considered a reportable segment. Other primarily includes sourcing activities related to transition services. 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. In doing so, it evaluates whether changes may need to be made to our internal reporting structure to better support and assess the operations of our business going forward. If changes are made, we will assess the resulting effect on our reportable segments, operating segments and reporting units, if any. The primary financial measures used by management to evaluate the financial results of VF's reportable segments are segment revenues and segment profit. Segment profit comprises the operating income and other income (expense), net line items of each segment. Accounting policies used for internal management reporting at the individual segments are consistent with those in Note 1, except as stated below. Corporate costs (other than common costs allocated to the segments), goodwill and indefinite-lived intangible asset impairment charges, net interest expense and loss on debt extinguishment are not controlled by segment management and therefore are excluded from the measurement of segment profit. Common costs such as information systems processing, retirement benefits and insurance are allocated from corporate costs to the segments based on appropriate metrics such as usage or employment. Corporate costs that are not allocated to the segments consist of corporate headquarters expenses (including compensation and benefits of corporate management and staff, certain legal and professional fees and administrative and general costs), costs of corporate programs or corporate-managed decisions, and other expenses which include a portion of defined benefit pension costs, development costs for management information systems, costs of registering, maintaining and enforcing certain of VF’s trademarks and miscellaneous consolidated costs. Defined benefit pension plans in the U.S. are centrally managed. The current year service cost component of pension cost is allocated to the segments, while the remaining pension cost components are reported in corporate and other expenses. Segment assets, for internal management purposes, are those used directly in or resulting from the operations of each business, which are accounts receivable and inventories. Segment assets included in the Other category represent balances primarily related to corporate activities, and are provided for purposes of reconciliation as the Other category is not considered a reportable segment. Total expenditures for additions to long-lived assets are not disclosed as this information is not regularly provided to the chief operating decision maker at the segment level. Financial information for VF’s reportable segments is as follows: Year Ended March (In thousands) 2023 2022 2021 Segment revenues: Outdoor $ 5,647,526 $ 5,327,568 $ 4,127,601 Active 4,904,622 5,380,338 4,160,856 Work 1,060,179 1,133,149 945,680 Other 148 785 4,693 Total segment revenues $ 11,612,475 $ 11,841,840 $ 9,238,830 Segment profit (loss): Outdoor $ 785,431 $ 795,523 $ 342,212 Active 654,691 979,746 648,467 Work 121,157 193,492 27,141 Other (536) (586) (5,410) Total segment profit 1,560,743 1,968,175 1,012,410 Impairment of goodwill and indefinite-lived intangible assets (a) (735,009) — (12,400) Corporate and other expenses (617,815) (309,817) (417,038) Interest expense, net (164,632) (131,463) (126,500) Loss on debt extinguishment — (3,645) — Income from continuing operations before income taxes $ 43,287 $ 1,523,250 $ 456,472 (a) Excluded $8.0 million of impairment charges related to definite-lived intangible assets (In thousands) March 2023 March 2022 Segment assets: Outdoor $ 1,936,090 $ 1,307,244 Active 1,341,142 1,110,691 Work 610,798 436,765 Other 15,055 31,815 Total segment assets 3,903,085 2,886,515 Cash and equivalents 814,887 1,275,943 Property, plant and equipment, net 942,440 1,041,777 Intangible assets and goodwill 4,621,234 5,394,158 Operating lease right-of-use assets 1,372,182 1,247,056 Other assets 2,336,660 1,496,759 Consolidated assets $ 13,990,488 $ 13,342,208 Year Ended March (In thousands) 2023 2022 2021 Depreciation and amortization expense: Outdoor $ 94,448 $ 95,860 $ 94,841 Active 81,106 87,235 80,245 Work 12,524 14,439 20,785 Other 74,246 69,401 73,210 $ 262,324 $ 266,935 $ 269,081 Supplemental information (with revenues by geographic area primarily based on the origin of the shipment) is as follows: Year Ended March (In thousands) 2023 2022 2021 Total revenues: U.S. $ 6,043,359 $ 6,178,300 $ 4,635,704 Foreign 5,569,116 5,663,540 4,603,126 $ 11,612,475 $ 11,841,840 $ 9,238,830 Property, plant and equipment: U.S. $ 707,035 $ 716,952 Foreign 235,405 324,825 $ 942,440 $ 1,041,777 No single customer accounted for 10% or more of the Company’s total revenues in the years ended March 2023, 2022 and 2021.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Apr. 01, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments VF is obligated under noncancelable operating leases. Refer to Note 10 for additional information related to future lease payments. In the ordinary course of business, VF has entered into purchase commitments for finished products and raw materials. Total payments required under these agreements, which primarily relate to finished products, are $2.2 billion, $68.1 million and $0.1 million for Fiscal 2024 through 2026, respectively, and no commitments thereafter. VF has entered into commitments for (i) capital spending, (ii) service and maintenance agreements related to its management information systems, and (iii) other obligations. Future payments under these agreements are $160.4 million, $68.2 million, $54.3 million, $32.7 million and $3.5 million for Fiscal 2024 through 2028, respectively, and no commitments thereafter. Surety bonds, customs bonds, standby letters of credit and international bank guarantees, all of which represent contingent guarantees of performance under self-insurance and other programs, total ed $110.9 million as of March 2023 . These commitments would only be drawn upon if VF were to fail to meet its claims or other obligations. Contingencies As previously reported, VF petitioned the U.S. Tax Court (the “Court”) to resolve an IRS dispute regarding the timing of income inclusion associated with VF’s acquisition of The Timberland Company in September 2011. While the IRS argues that all such income should have been immediately included in 2011, VF has reported periodic income inclusions in subsequent tax years. Both parties moved for summary judgment on the issue. On January 31, 2022, the Court issued its opinion in favor of the IRS and on July 14, 2022 issued its final decision. VF believes the opinion of the Court was in error based on the technical merits and filed a notice of appeal on October 7, 2022. On October 19, 2022, VF paid $875.7 million related to the 2011 taxes and interest being disputed, which was recorded as an income tax receivable based on the technical merits of our position with regards to the case and will accrue interest income. VF continues to believe its timing and treatment of the income inclusion is appropriate and VF is vigorously defending its position. However, should the Court opinion ultimately be upheld on appeal, this income tax receivable will not be collected by VF. If the Court opinion is upheld, VF should be entitled to a refund of taxes paid on the periodic inclusions that VF has reported. However, any such refund could be substantially reduced by potential indirect tax effects resulting from application of the Court opinion. Deferred tax liabilities, representing VF’s future tax on annual inclusions, would also be released. The net impact to tax expense is estimated to be up to $730.0 million, plus the reversal of any interest income accrued on the payment, which was approximately $12.0 million at March 2023 . The Company is curr ently involved in other legal proceedings that are ordinary, routine litigation incidental to the business, the resolution of which is not currently expected to have a material adverse impact on the Company's financial position, results of operations or cash flows.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Apr. 01, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Year Ended March (In thousands, except per share amounts) 2023 2022 2021 Earnings per share — basic: Income from continuing operations $ 118,584 $ 1,216,269 $ 354,906 Weighted average common shares outstanding 387,763 390,291 389,655 Earnings per share from continuing operations $ 0.31 $ 3.12 $ 0.91 Earnings per share — diluted: Income from continuing operations $ 118,584 $ 1,216,269 $ 354,906 Weighted average common shares outstanding 387,763 390,291 389,655 Incremental shares from stock options and other dilutive securities 607 2,120 2,466 Adjusted weighted average common shares outstanding 388,370 392,411 392,121 Earnings per share from continuing operations $ 0.31 $ 3.10 $ 0.91

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Apr. 01, 2023
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 Fair Value Measurement Using (a) (In thousands) Level 1 Level 2 Level 3 March 2023 Financial assets: Cash equivalents: Money market funds $ 418,304 $ 418,304 $ — $ — Time deposits 21,233 21,233 — — Derivative financial instruments 49,688 — 49,688 — Deferred compensation 99,200 99,200 — — Financial liabilities: Derivative financial instruments 72,653 — 72,653 — Deferred compensation 96,364 — 96,364 — Total Fair Fair Value Measurement Using (a) (In thousands) Level 1 Level 2 Level 3 March 2022 Financial assets: Cash equivalents: Money market funds $ 324,868 $ 324,868 $ — $ — Time deposits 1,100 1,100 — — Derivative financial instruments 79,046 — 79,046 — Deferred compensation 125,323 125,323 — — Financial liabilities: Derivative financial instruments 27,723 — 27,723 — Deferred compensation 129,078 — 129,078 — Contingent consideration 56,976 — — 56,976 (a) There were no transfers among the levels within the fair value hierarchy during the years ended March 2023 or 2022. The following table presents the activity related to the contingent consideration liability designated as Level 3: Year Ended March (In thousands) 2023 2022 Beginning Balance $ 56,976 $ 207,000 Change in fair value — (150,024) Cash payout (56,976) — Ending Balance $ — $ 56,976 VF’s cash equivalents include money market funds and time deposits with maturities within three months of their purchase dates, that approximate fair value based on Level 1 measurements. The fair value of derivative financial instruments, which consist of foreign exchange forward contracts and interest rate swap contracts , is determined based on observable market inputs (Level 2), including spot and forward exchange rates for foreign currencies and interest rate forward curves, and considers the credit risk of the Company and its counterparties. VF’s deferred compensation assets primarily represent investments held within plan trusts as an economic hedge of the related deferred compensation liabilities (Note 16). These investments primarily include mutual funds (Level 1) that are valued based on quoted prices in active markets. 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. The contingent consideration liability represented the amount of additional cash consideration paid to the selling shareholders of Supreme, which was dependent upon the achievement of certain financial targets over the one year earn-out period ended January 31, 2022. The estimated fair value of the contingent consideration liability, which could range from zero to $300.0 million and initially estimated as $207.0 million, was $57.0 million as of March 2022 and was paid during Fiscal 2023. During Fiscal 2022, the contingent consideration liability was remeasured at fair value based on probability-weighted present value of various future cash payment outcomes resulting from the estimated achievement levels of the financial targets, with changes recognized in the selling, general and administrative expenses line item in the Consolidated Statements of Operations. Refer to Note 3 for additional information on the acquisition of Supreme. All other significant 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 March 2023 and 2022, their carrying values approximated their fair values. Additionally, at March 2023 and 2022, the carrying values of VF’s long-term debt, including the current portion, were $6,635.3 million and $5,085.3 million, respectively, compared with fair values of $6,244.4 million a nd $5,042.5 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, and operating lease right-of-use 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 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 its estimated fair value, using market-based assumptions. The Company recorded $3.0 million, $6.4 million and $14.8 million of impairments in the years ended March 2023, 2022 and 2021, respectively, related to retail store assets, associated lease right-of-use assets and other fixed assets. These impairments were recorded in the selling, general and administrative expenses line item in the Consolidated Statements of Operations. Goodwill and Intangible Asset Impairment Testing During the second quarter of Fiscal 2023, due to continued increases in the federal funds rate and strengthening of the U.S. dollar relative to other currencies, management performed a quantitative impairment analysis of both the Supreme reporting unit goodwill and the indefinite-lived trademark intangible asset. As a result of the interim impairment testing performed, VF recorded impairment charges of $229.0 million and $192.9 million to the Supreme reporting unit goodwill indefinite-lived trademark intangible asset, respectively, in the Consolidated Statement of Operations for the year ended March 2023. In addition, management performed its annual impairment testing of goodwill and indefinite-lived intangible assets as of the beginning of the fourth quarter of Fiscal 2023. Management performed a quantitative impairment analysis of the Supreme, Timberland and Icebreaker reporting unit goodwill and indefinite-lived trademark intangible assets. A qualitative analysis was performed for all other reporting units and indefinite-lived trademark intangible assets. As a result of the annual impairment testing, VF recorded additional impairment charges of $165.1 million and $148.0 million to the Supreme reporting unit goodwill and indefinite-lived trademark intangible asset, respectively, in the Consolidated Statement of Operations for the year ended March 2023. The remaining carrying values of the Supreme reporting unit goodwill and indefinite-lived trademark intangible asset, after the impairment charges, were $825.9 million and $852.0 million, respectively. No other impairment charges were recorded as a result of the annual impairment testing. No impairment charges of goodwill or indefinite-lived trademark intangible assets were recorded in the year ended March 2022. VF recorded intangible asset impairment charges of $20.4 million in the year ended March 2021 primarily due to the write-off of certain trademark and customer relationship balances, which resulted from strategic actions taken by the Company. Our impairment testing of goodwill and indefinite-lived trademark intangible assets utilizes significant unobservable inputs (Level 3) to determine fair value. The fair value of reporting units for goodwill impairment testing is determined using a combination of two valuation methods: an income approach and a market approach. The income approach is based on projected future (debt-free) cash flows that are discounted to present value. The appropriate discount rate is based on the reporting unit’s weighted average cost of capital (“WACC”) that takes market participant assumptions into consideration. For the market approach, management uses both the guideline company and similar transaction methods. The guideline company method analyzes market multiples of revenues and earnings before interest, taxes, depreciation and amortization (“EBITDA”) for a group of comparable public companies. The market multiples used in the valuation are based on the relative strengths and weaknesses of the reporting unit compared to the selected guideline companies. Under the similar transactions method, valuation multiples are calculated utilizing actual transaction prices and revenue/EBITDA data from target companies deemed similar to the reporting unit. Management typically assigns more weight to the income-based valuation method. Management uses the income-based relief-from-royalty method to value indefinite-lived trademark intangible assets. Under this method, revenues expected to be generated by the trademark are multiplied by a selected royalty rate. The royalty rate is selected based on consideration of (i) royalty rates included in active license agreements, if applicable, (ii) royalty rates received by market participants in the apparel industry, and (iii) the current performance of the reporting unit. The estimated after-tax royalty revenue stream is then discounted to present value using the reporting unit’s WACC adjusted, as appropriate, to factor in the risk of the intangible asset. Management’s revenue and profitability forecasts used in the reporting unit and intangible asset valuations were developed in conjunction with management’s forecast and plan review, which includes management's overall assessment of events and circumstances, including macroeconomic conditions and industry and market considerations, and the resulting outlook for the businesses, considering recent performance and trends and strategic initiatives. Assumptions used in the valuations are similar to those that would be used by market participants performing independent valuations of these businesses.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES	12 Months Ended
	Apr. 01, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES Summary of Derivative Financial Instruments VF’s outstanding derivative financial instruments include foreign currency exchange forward contracts and interest rate swap 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 foreign currency exchange forward contracts wer e $3.4 billion and $2.9 billion at March 2023 and 2022, respectively, consisting primarily of contracts hedging exposures to t he euro, British pound, Canadian dollar, Swiss franc, Mexican peso, Chinese renminbi, South Korean won, Swedish krona, Polish zloty and Japanese yen. These derivative contracts have maturities up to 20 months. During the year ended March 2023, VF entered into interest rate swap contracts to hedge the cash flow risk of interest payments on its variable-rate DDTL Agreement. The notional amount of VF's outstanding interest rate swap contracts was $500.0 million at March 2023 . Refer to Note 14 for additional information on the debt agreement. The following table presents outstanding derivatives on an individual contract basis: Fair Value of Derivatives Fair Value of Derivatives (In thousands) March 2023 March 2022 March 2023 March 2022 Derivatives Designated as Hedging Instruments: Foreign exchange contracts $ 46,752 $ 79,046 $ (71,052) $ (27,678) Interest rate contracts — — (1,140) — Total derivatives designated as hedging instruments 46,752 79,046 (72,192) (27,678) Derivatives Not Designated as Hedging Instruments: Foreign exchange contracts 2,936 — (461) (45) Total derivatives $ 49,688 $ 79,046 $ (72,653) $ (27,723) 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 on a net basis in accordance with the terms of its master netting agreements, the amounts presented in the Consolidated Balance Sheets as of March 2023 and 2022 would be adjusted from the current gross presentation to the net amounts as detailed in the following table: March 2023 March 2022 (In thousands) Derivative Derivative Liability Derivative Derivative Liability Gross amounts presented in the Consolidated Balance Sheets $ 49,688 $ (72,653) $ 79,046 $ (27,723) Gross amounts not offset in the Consolidated Balance Sheets (26,470) 26,470 (18,721) 18,721 Net amounts $ 23,218 $ (46,183) $ 60,325 $ (9,002) Derivatives are classified as current or noncurrent based on maturity dates, as follows: (In thousands) March 2023 March 2022 Derivative Instruments Balance Sheet Location Foreign exchange contracts Other current assets $ 48,132 $ 71,910 Foreign exchange contracts Accrued liabilities (Note 13) (59,995) (24,267) Foreign exchange contracts Other assets (Note 11) 1,556 7,136 Foreign exchange contracts Other liabilities (Note 15) (11,518) (3,456) Interest rate contracts Other liabilities (Note 15) (1,140) — Cash Flow Hedges VF primarily uses foreign currency exchange forward contracts to hedge a portion of the exchange risk for its forecasted sales, inventory purchases, operating costs and certain intercompany transactions, including sourcing and management fees and royalties. The company also uses interest rate swap contracts to hedge against a portion of the exposure related to its variable-rate debt. The effects of cash flow hedging included in VF’s Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income are summarized as follows: (In thousands) Cash Flow Hedging Relationships Gain (Loss) on Derivatives Recognized in OCI Year Ended March 2023 2022 2021 Foreign exchange contracts $ 54,546 $ 71,494 $ (122,244) Interest rate contracts (1,013) — — Total $ 53,533 $ 71,494 $ (122,244) Gain (Loss) Reclassified from Accumulated OCI into Income (In thousands) Year Ended March Cash Flow Hedging Relationships Location of Gain (Loss) 2023 2022 2021 Foreign exchange contracts Net revenues $ (6,843) $ (27,382) $ 2,596 Foreign exchange contracts Cost of goods sold 120,438 (26,346) 19,485 Foreign exchange contracts Selling, general and administrative expenses 6,695 (487) 2,797 Foreign exchange contracts Other income (expense), net (10,365) (219) (137) Interest rate contracts Interest expense 235 108 107 Total $ 110,160 $ (54,326) $ 24,848 Derivative Contracts Not Designated as Hedge s VF uses foreign currency exchange 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. The impact of de-designated derivative contracts and changes in the fair value of derivative contracts not designated as hedges, recognized as gains or losses in VF's Consolidated Statements of Operations were not material for the years ended March 2023, 2022 and 2021. Other Derivative Information At March 2023, accumulated OCI included $27.8 million o f 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. Net Investment Hedge The Company has designated its euro-denominated fixed rate notes, which represent €2.850 billion in aggregate principal, 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 years ended March 2023, 2022 and 2021, the Company recognized an after-tax gain of $5.2 million, an after-tax gain of $99.5 million and an after-tax loss of $91.5 million, respectively, in OCI related to the net investment hedge transaction. Any amounts deferred in accumulated OCI will remain until the hedged investment is sold or substantially liquidated.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	12 Months Ended
	Apr. 01, 2023
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	SUPPLEMENTAL CASH FLOW INFORMATION Year Ended March (In thousands) 2023 2022 2021 Income taxes paid, net of refunds (a)(b) $ 1,113,940 $ 263,733 $ 188,271 Interest paid, net of amounts capitalized 160,272 123,476 89,807 Noncash transactions: Property, plant and equipment expenditures included in accounts payable or accrued liabilities 44,151 45,235 39,774 Computer software costs included in accounts payable or accrued liabilities 28,519 33,997 25,848 (a) The year ended March 2023, includes the payment related to the ongoing IRS dispute associated with VF's acquisition of The Timberland Company in September 2011. Refer to Notes 19 and 21 for additional information. (b) Includes both continuing and discontinued operations.

RESTRUCTURING

RESTRUCTURING	12 Months Ended
	Apr. 01, 2023
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURING The Company incurs restructuring charges related to strategic initiatives and cost optimization of business activities, primarily related to severance and employee-related benefits. Of the $75.7 million of restructuring charges recognized in the year ended March 2023, $70.9 million were reflected in selling, general and administrative expenses and $4.8 million in cost of goods sold. Of the $20.0 million of restructuring charges recognized in the year ended March 2022, $18.3 million were reflected in selling, general and administrative expenses and $1.7 million in cost of goods sold. Of the $119.0 million of restructuring charges recognized in the year ended March 2021, $75.1 million were reflected in selling, general and administrative expenses and $43.9 million in cost of goods sold. The Company has not recognized any significant incremental costs related to the accruals for the year ended March 2022 or prior periods. Of the total restructuring accrual at March 2023, $43.1 million is expected to be paid out within the next 12 months and is classified within accrued liabilities (Note 13). The remaining $2.2 million will be paid out beyond the next 12 months and thus is classified within other liabilities. The components of the restructuring charges are as follows: Year Ended March (In thousands) 2023 2022 2021 Severance and employee-related benefits $ 57,433 $ 12,283 $ 64,972 Asset impairments — — 23,087 Accelerated depreciation 8,016 7,016 11,266 Inventory write-downs — — 10,658 Contract termination and other 10,289 703 9,023 Total restructuring charges $ 75,738 $ 20,002 $ 119,006 Restructuring costs by business segment are as follows: Year Ended March (In thousands) 2023 2022 2021 Outdoor $ 1,088 $ 4,523 $ 14,081 Active 1,478 1,008 20,958 Work 9 2,315 31,907 Corporate and other 73,163 12,156 52,060 Total $ 75,738 $ 20,002 $ 119,006 The activity in the restructuring accrual was as follows: (In thousands) Severance Other Total Accrual at March 2021 $ 59,810 $ 6,944 $ 66,754 Charges 12,283 703 12,986 Cash payments and settlements (43,886) (5,694) (49,580) Adjustments to accruals (2,320) (647) (2,967) Impact of foreign currency (247) (95) (342) Accrual at March 2022 25,640 1,211 26,851 Charges 57,433 5,190 62,623 Cash payments and settlements (41,338) (345) (41,683) Adjustments to accruals (3,236) 40 (3,196) Impact of foreign currency 222 449 671 Accrual at March 2023 $ 38,721 $ 6,545 $ 45,266

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Apr. 01, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENT On May 16, 2023, VF’s Board of Directors declared a quarterly cash dividend of $0.30 per share, payable on June 20, 2023 to shareholders of record on June 12, 2023.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Apr. 01, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II — Valuation and Qualifying Accounts COL. A COL. B COL. C COL. D COL. E ADDITIONS Description Balance at (1) (2) Deductions Balance at (In thousands) Year Ended March 2023 Allowance for doubtful accounts $ 27,959 $ 3,532 $ — $ 3,416 (a) $ 28,075 Valuation allowance for deferred income tax assets 616,533 — — 191,601 (b) 424,932 Year Ended March 2022 Allowance for doubtful accounts 33,654 (716) — 4,979 (a) 27,959 Valuation allowance for deferred income tax assets 500,601 — 115,932 (c) — 616,533 Year Ended March 2021 Allowance for doubtful accounts 37,099 20,673 — 24,118 (a) 33,654 Valuation allowance for deferred income tax assets 172,912 — 327,689 (c) — 500,601 (a) Deductions include accounts written off, net of recoveries, the effects of foreign currency translation and reclassifications. (b) Deductions primarily related to changes in circumstances which decrease the amount of deferred income tax assets that will, more likely than not, be realized and the effect of foreign currency translation. (c) Additions primarily related to circumstances where it is more likely than not that deferred income tax assets will not be realized and the effects of foreign currency translation.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Apr. 01, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements and related disclosures are presented in accordance with generally accepted accounting principles in the U.S. (“GAAP”). The consolidated financial statements include the accounts of VF and its controlled subsidiaries, after elimination of intercompany transactions and balances. On June 28, 2021, VF completed the sale of its Occupational Workwear business. The Occupational Workwear business was comprised primarily of the following brands and businesses: Red Kap ® , VF Solutions ® , Bulwark ® , Workrite ® , Walls ® , Terra ® , Kodiak ® , Work Authority ® and Horace Small ® . The business also included the license of certain Dickies ® occupational workwear products that have historically been sold through the business-to-business channel. The results of the Occupational Workwear business and the related cash flows have been reported as discontinued operations in the Consolidated Statements of Operations and Consolidated Statements of Cash Flows, respectively, through the date of sale. These changes have been applied to all periods presented.
Fiscal Year	Fiscal Year VF operates and reports using a 52/53 week fiscal year ending on the Saturday closest to March 31 of each year. VF's current fiscal year ran from April 3, 2022 through April 1, 2023 ("Fiscal 2023"). All references to the periods ended March 2023, March 2022 and March 2021 relate to the 52-week fiscal years ended April 1, 2023 and April 2, 2022 ("Fiscal 2022"), and the 53-week fiscal year ended April 3, 2021 ("Fiscal 2021"), respectively. Certain foreign subsidiaries reported using a March 31 year-end for Fiscal 2023, 2022 and 2021 due to local statutory requirements. The impact to VF's consolidated financial statements is not material.
Use of Estimates	Use of Estimates In preparing the consolidated financial statements in accordance with GAAP, management makes estimates and assumptions that affect amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates.
Foreign Currency Translation and Transaction	Foreign Currency Translation and Transaction The financial statements of most foreign subsidiaries are measured using the foreign currency as the functional currency. Assets and liabilities denominated in a foreign currency are translated into U.S. dollars using exchange rates in effect at the balance sheet date, and revenues and expenses are translated at average exchange rates during the period. Resulting translation gains and losses, and transaction gains and losses on long-term advances to foreign subsidiaries, are reported in the Consolidated Statements of Comprehensive Income.
Business Combinations	Business Combinations VF accounts for business combinations using the acquisition method of accounting. Under the acquisition method, the consolidated financial statements reflect the operations of an acquired business starting from the closing date of the acquisition. All assets acquired and liabilities assumed are recorded at fair value as of the acquisition date. VF allocates the purchase price of an acquired business to the fair values of the tangible and identifiable intangible assets acquired and liabilities assumed, with any excess purchase price recorded as goodwill. Contingent consideration, if any, is included within the purchase price and is recognized at its fair value on the acquisition date. In subsequent reporting periods, any contingent consideration liabilities are remeasured at fair value with changes recognized in operating income. During the measurement period, which is
Cash and Equivalents	Cash and Equivalents Cash and equivalents are demand deposits, receivables from third-party credit card processors and highly liquid investments that mature within three months of their purchase dates. Highly liquid investments considered cash equivalents were $439.5 million and $326.0 million at March 2023 and 2022, respectively, consisting of money market funds and short-term time deposits.
Accounts Receivable	Accounts Receivable Trade accounts receivable are recorded at invoiced amounts, less contractual allowances for trade terms, sales incentive programs and discounts. Royalty receivables are recorded at amounts earned based on the licensees' sales of licensed products, subject in some cases to contractual minimum royalties due from individual licensees. VF maintains an allowance for doubtful accounts for estimated losses that will result from the inability of customers and licensees to make required payments. The allowance is determined based on review of specific customer accounts where collection is doubtful, as well as an assessment of the collectability of total receivables, which are grouped based on similar risk characteristics, considering historical trends, adjusted for current economic conditions and reasonable and supportable forecasts when appropriate. The allowance represents the current estimate of lifetime expected credit losses for all outstanding accounts receivable and reflects the Company's ongoing evaluation of collectability, customer creditworthiness, historical levels of credit losses and future expectations. Receivables are written off against the allowance when it is determined that the amounts will not be recovered.
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value. Cost is determined on the first-in, first-out method, includes all costs incurred to purchase the finished goods and is net of discounts or rebates received from vendors. A detailed review of all inventories is performed, at least quarterly, to identify slow moving or excess products, discontinued and to-be-discontinued products and off-quality merchandise. Management performs an evaluation to estimate net realizable value using a systematic and consistent methodology of forecasting future demand, market conditions and selling prices less costs of disposal. If the estimated net realizable value is less than cost, VF provides an allowance to reflect the lower value of that inventory. This methodology recognizes inventory exposures at the time such losses are evident rather than at the time goods are actually sold. Historically, these estimates of future demand and selling prices have not varied significantly from actual results due to VF’s timely identification and ability to typically dispose of these distressed inventories at amounts either above or not significantly below cost.
Long-lived Assets, Including Intangible Assets and Goodwill	Long-lived Assets, Including Intangible Assets and Goodwill Property, plant and equipment, intangible assets and goodwill are initially recorded at cost. VF capitalizes improvements to property, plant and equipment that substantially extend the useful life of the asset, and interest cost incurred during construction of major assets. Repair and maintenance costs are expensed as incurred. Cost for acquired intangible assets represents the fair value at acquisition date, which is generally based on the present value of expected cash flows. Trademark intangible assets represent individual acquired trademarks, some of which are registered in multiple countries. Customer relationship intangible assets are based on the value of relationships with wholesale customers in place at the time of acquisition. Goodwill represents the excess of cost of an acquired business over the fair value of net tangible assets and identifiable intangible assets acquired. Goodwill is assigned at the reporting unit level. Depreciation of property, plant and equipment is computed using the straight-line method over the estimated useful lives of the assets, ranging from 3 to 10 years for machinery and equipment and up to 40 years for buildings. Amortization expense for leasehold improvements and assets under finance leases is recognized over the shorter of their estimated useful lives or the lease terms, and is included in depreciation expense. Intangible assets determined to have indefinite lives, consisting of major trademarks and trade names, are not amortized. Other intangible assets determined to have a finite life primarily consist of customer relationships, which are amortized over their estimated useful lives ranging from 11 to 24 years using an accelerated method consistent with the timing of benefits expected to be received. Depreciation and amortization expense related to obtaining finished goods inventories is included in cost of goods sold, and other depreciation and amortization expense is included in selling, general and administrative expenses. VF’s policy is to review property, plant and equipment and amortizable intangible assets for possible impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. If forecasted pre-tax undiscounted cash flows to be generated by the asset are not expected to recover the asset’s carrying value, an impairment charge is recorded for the excess of the asset’s carrying value over its estimated fair value. VF’s policy is to evaluate indefinite-lived intangible assets and goodwill for possible impairment as of the beginning of the fourth quarter of each fiscal year, or whenever events or changes in circumstances indicate that the fair value of such assets may be below their carrying amount. VF may first assess qualitative factors as a basis for determining whether it is necessary to perform quantitative impairment testing. If VF determines that it is more likely than not that the fair value of an asset or reporting unit is more than its carrying value, then no further testing is required. Otherwise, the assets must be quantitatively tested for impairment. An indefinite-lived intangible asset is quantitatively evaluated for possible impairment by comparing the estimated fair value of the asset with its carrying value. An impairment charge is recorded if the carrying value of the asset exceeds its estimated fair value. Goodwill is quantitatively evaluated for possible impairment by comparing the estimated fair value of a reporting unit with its carrying value, including the goodwill assigned to that reporting unit. An impairment charge is recorded if the carrying value of the reporting unit exceeds its estimated fair value.
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, one of VF's distribution centers is a finance lease. 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 5 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. The Company has made an accounting policy election to not recognize right-of-use assets and lease liabilities for leases with terms of 12 months or less. 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. Certain leases contain both lease and non-lease components. For leases associated with specific asset classes, including certain real estate, vehicles 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 accounts 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 standalone prices. 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 liabilities as the present value of lease payments over the lease term at commencement date. Lease right-of-use assets are calculated based on the initial measurement of the respective lease liabilities adjusted for any lease payments made to the lessor at or before the commencement date, lease incentives received and initial direct costs incurred. 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 presented separately in the Consolidated Statements of Operations. The Company does not have material subleases. 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 year ended March 2023, 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 $13.2 million in the selling, general and administrative expenses line item in VF's Consolidated Statement of Operations for the year ended March 2023.
Supply Chain Financing Program	Supply Chain Financing ProgramDuring the first quarter of Fiscal 2023, VF reinstated its voluntary supply chain finance ("SCF") program. The SCF program enables a significant portion of our suppliers of inventory to leverage VF's credit rating to receive payment from participating financial institutions prior to the payment date specified in the terms between VF and the supplier. The SCF program is administered through third-party platforms that allow participating suppliers to track payments from VF and elect which VF receivables, if any, to sell to the financial institutions. The transactions are at the sole discretion of both the suppliers and financial institutions, and VF is not a party to the agreements and has no economic interest in the supplier's decision to sell a receivable. The terms between VF and the supplier, including the amount due and scheduled payment dates, are not impacted by a supplier's participation in the SCF program. Amounts due to suppliers who voluntarily participate in the SCF program are included in the accounts payable line item in VF's Consolidated Balance Sheets and VF payments made under the SCF program are reflected in cash flows from operating activities in VF's Consolidated Statements of Cash Flows.
Defined Benefit Pension Plans	Defined Benefit Pension Plans VF sponsors various defined benefit pension plans in the U.S. and in certain international jurisdictions. The Company's U.S. plans, including a noncontributory qualified defined benefit pension plan and an unfunded supplemental defined benefit pension plan, were frozen for all future benefit accruals, effective December 31, 2018. The funded status of defined benefit pension plans is recorded as a net asset or liability in the Consolidated Balance Sheets based on the difference between the projected benefit obligations and the fair value of plan assets, which is assessed on a plan-by-plan basis. The changes in funded status of defined benefit pension plans, primarily related to actuarial gains and losses arising from differences between actual experience and actuarial assumptions, are recognized in the year in which the changes occur and reported in the Consolidated Statements of Comprehensive Income. VF reports the service component of net periodic pension cost (income) within operating income and the other components of net periodic pension cost, which include interest cost, expected return on plan assets, settlement charges, curtailments and amortization of deferred actuarial losses and prior service credits, in the other income (expense), net line item of the Consolidated Statements of Operations.
Derivative Financial Instruments	Derivative Financial Instruments Derivative financial instruments are measured at fair value in the Consolidated Balance Sheets. Unrealized gains and losses are recognized as assets and liabilities, respectively, and classified as current or noncurrent based on the derivatives’ maturity dates. The accounting for changes in the fair value of derivative instruments (i.e., gains and losses) depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. To qualify for hedge accounting treatment, all hedging relationships must be formally documented at the inception of the hedges and must be highly effective in offsetting changes to future cash flows of hedged transactions. VF’s hedging practices are described in Note 24, which primarily relate to cash flow hedges. VF does not use derivative instruments for trading or speculative purposes. Hedging cash flows are classified in the Consolidated Statements of Cash Flows in the same category as the items being hedged. VF formally documents hedging instruments and hedging relationships at the inception of each contract. Further, at the inception of a contract and on an ongoing basis, as necessary, VF assesses whether the hedging instruments are highly effective in offsetting the risk of the hedged transactions. When hedging instruments are determined to not be highly effective, hedge accounting treatment is discontinued, and any future changes in fair value of the instruments are recognized immediately in net income. Unrealized gains or losses related to hedging instruments remain in accumulated other comprehensive income ("OCI") until the hedged forecasted transaction occurs and impacts earnings. If the hedged forecasted transaction is deemed probable of not occurring, any unrealized gains or losses in accumulated OCI are immediately recognized in net income. VF also uses derivative contracts to manage foreign currency exchange risk on certain assets and liabilities. These contracts are not designated as hedges, and are measured at fair value in the Consolidated Balance Sheets with changes in fair value recognized directly in net income. The counterparties to the derivative contracts are financial institutions having at least A-rated investment grade credit ratings. To manage its credit risk, VF continually monitors the credit risks of its counterparties, limits its exposure in the aggregate and to any single counterparty, and adjusts its hedging positions as appropriate. The impact of VF’s credit risk and the credit risk of its counterparties, as well as the ability of each party to fulfill its obligations under the contracts, is considered in determining the fair value of the derivative contracts. Credit risk has not had a significant effect on the fair value of VF’s derivative contracts. VF does not have any credit risk-related contingent features or collateral requirements with its derivative contracts.
Revenue Recognition	Revenue Recognition Revenue is recognized when performance obligations under the terms of a contract with the customer are satisfied based on the transfer of control of promised goods or services. The transfer of control typically occurs at a point in time based on consideration of when the customer has (i) an obligation to pay for, (ii) physical possession of, (iii) legal title to, (iv) risks and rewards of ownership of, and (v) accepted the goods or services. The timing of revenue recognition within the wholesale channel occurs either on shipment or delivery of goods based on contractual terms with the customer. The timing of revenue recognition in the direct-to-consumer channel generally occurs at the point of sale within VF-operated or concession retail stores and either on shipment or delivery of goods for e-commerce transactions based on contractual terms with the customer. For finished products shipped directly to customers from our suppliers, the Company's promise to the customer is a performance obligation to provide the specified goods, and thus the Company is the principal in the arrangement and revenue is recognized on a gross basis at the transaction price. The duration of contractual arrangements with our customers in the wholesale and direct-to-consumer channels is typically less than one year. Payment terms with wholesale customers are generally between 30 and 60 days while direct-to-consumer arrangements have shorter terms. The Company does not adjust the promised amount of consideration for the effects of a significant financing component as it is expected, at contract inception, that the period between the transfer of the promised good or service to the customer and the customer payment for the good or service will be one year or less. The amount of revenue recognized in both wholesale and direct-to-consumer channels reflects the expected consideration to be received for providing the goods or services to the customer, which includes estimates for variable consideration. Variable consideration includes sales incentive programs, discounts, markdowns, chargebacks and product returns. Estimates of variable consideration are determined at contract inception and reassessed at each reporting date, at a minimum, to reflect any changes in facts and circumstances. The Company utilizes the expected value method in determining its estimates of variable consideration, based on evaluations of specific product and customer circumstances, historical and anticipated trends, and current economic conditions. Allowances for estimates of sales incentive programs, discounts, markdowns, chargebacks and returns are recorded as accrued liabilities in the Consolidated Balance Sheets. Certain products sold by the Company include an assurance warranty. Product warranty costs are estimated based on historical and anticipated trends, and are recorded as cost of goods sold at the time revenue is recognized. Revenue from the sale of gift cards is deferred and recorded as a contract liability until the gift card is redeemed by the customer, factoring in breakage as appropriate. Various VF brands maintain customer loyalty programs where customers earn rewards from qualifying purchases or activities, which are redeemable for discounts on future purchases or other rewards. For its customer loyalty programs, the Company estimates the standalone selling price of the loyalty rewards and allocates a portion of the consideration for the sale of products to the loyalty points earned. The deferred amount is recorded as a contract liability, and is recognized as revenue when the points are redeemed or when the likelihood of redemption is remote. The Company has elected to treat all shipping and handling activities as fulfillment costs and recognize the costs as selling, general and administrative expenses at the time the related revenue is recognized. Shipping and handling costs billed to customers are included in net revenues. Sales taxes and value added taxes collected from customers and remitted directly to governmental authorities are excluded from the transaction price. The Company has licensing agreements for its symbolic intellectual property, most of which include minimum guaranteed royalties. Royalty income is recognized as earned over the respective license term based on the greater of minimum guarantees or the licensees' sales of licensed products at rates specified in the licensing contracts. Royalty income related to the minimum guarantees is recognized using a measure of progress with variable amounts recognized only when the cumulative earned royalty exceeds the minimum guarantees. The Company has applied the practical expedient to recognize incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that otherwise would have been recognized is one year or less. The Company has also elected the practical expedients to not disclose the transaction price allocated to remaining performance obligations for (i) variable consideration related to sales-based royalty arrangements, and (ii) contracts with an original expected duration of one year or less.
Cost of Goods Sold	Cost of Goods Sold Cost of goods sold for purchased finished goods includes the purchase costs and related overhead. Overhead includes all costs related to purchasing finished goods, including costs of planning, purchasing, quality control, depreciation, freight, duties, royalties paid to third parties and shrinkage. For product
Selling, General and Administrative Expenses	Selling, General and Administrative Expenses Selling, general and administrative expenses include costs of product development, selling, marketing and advertising, VF-operated retail stores, concession retail stores, warehousing, distribution, shipping and handling, licensing and administration. Advertising costs are expensed as incurred and totaled $861.8 million, $840.6 million and $608.1 million in the years ended March 2023, 2022 and 2021, respectively. Advertising costs include cooperative advertising payments made to VF’s customers as reimbursement for certain costs of advertising VF’s products, which totaled $16.5 million, $16.2 million and $11.1 million in the years ended March 2023, 2022 and 2021, respectively. Shipping and handling costs for delivery of products to customers totaled $637.0 million, $634.2 million and $557.5 million in the years ended March 2023, 2022 and 2021, respectively. Expenses related to royalty income were $0.9 million, $0.9 million and $1.7 million in the years ended March 2023, 2022 and 2021, respectively.
Stock-based Compensation	Stock-based Compensation VF accounts for all stock-based payments to employees and non-employee directors based on their respective grant date fair values. Compensation cost for all awards expected to vest is recognized over the shorter of the requisite service period or the vesting period, including accelerated recognition for retirement-eligible employees. Awards that do not vest are forfeited. Generally, dividend equivalents accrue without compounding and are payable in additional shares of VF common stock upon vesting. VF uses a lattice option-pricing model to estimate the fair value of stock options granted to employees and non-employee directors. VF's performance-based awards are based on management achieving both performance and market-based financial targets. The grant date fair value of market conditions is determined using a Monte Carlo simulation technique incorporating option-pricing model inputs.
Dividends	Dividends Dividends declared on common stock are recorded as a reduction of retained earnings to the extent retained earnings are available at the close of the period prior to the date of the declared dividend. Dividends declared in excess of retained earnings are recorded as a reduction of additional paid-in-capital.
Self-insurance	Self-insurance VF is self-insured for a significant portion of its employee medical, workers’ compensation, vehicle, property and general liability exposures. Liabilities for self-insured exposures are accrued at the present value of amounts expected to be paid based on historical claims experience and actuarial data for forecasted settlements of claims filed and for incurred but not yet reported claims. Accruals for self-insured exposures are included in current and noncurrent liabilities based on the expected periods of payment. Excess liability insurance has been purchased to limit the amount of self-insured risk on claims.
Income Taxes	Income Taxes Income taxes are provided on pre-tax income for financial reporting purposes. Income taxes are based on amounts of taxes payable or refundable in the current year and on expected future tax consequences of events that are recognized in the consolidated financial statements in different periods than they are recognized in tax returns. As a result of timing of recognition and measurement differences between financial accounting standards and income tax laws, temporary differences arise between amounts of pre-tax financial statement income and taxable income, and between reported amounts of assets and liabilities in the Consolidated Balance Sheets and their respective tax bases. Deferred income tax assets and liabilities reported in the Consolidated Balance Sheets reflect the estimated future tax impact of these temporary differences and net operating loss and net capital loss carryforwards, based on tax rates currently enacted for the years in which the differences are expected to be settled or realized. Realization of deferred tax assets is dependent on future taxable income in specific jurisdictions. Valuation allowances are used to reduce deferred tax assets to amounts considered more-likely-than-not to be realized. All deferred tax assets and liabilities are classified as noncurrent in the Consolidated Balance Sheets Accrued income taxes in the Consolidated Balance Sheets include unrecognized income tax benefits, along with related interest and penalties, appropriately classified as current or noncurrent. VF has evaluated these potential issues under the more-likely-than-not standard of the accounting literature. A tax position is recognized if it meets this standard and is measured at the largest amount of benefit that has a greater than 50% likelihood of being realized. The provision for income taxes also includes estimated interest and penalties related to uncertain tax positions.
Earnings Per Share	Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average number of shares of Common Stock outstanding during the period. Diluted earnings per share assumes conversion of potentially dilutive securities such as stock options, restricted stock units and restricted stock.
Concentration of Risks	Concentration of Risks VF markets products to a broad customer base throughout the world. Products are sold at a range of price points through various wholesale and direct-to-consumer channels. VF’s ten largest customers accounted for approximately 15% of Fiscal 2023 total revenues. Sales to VF’s largest customer accounted for approximately 2% of Fiscal 2023 total revenues. Sales are generally made on an unsecured basis under customary terms that may vary by product, channel of distribution or geographic region. VF continuously monitors the creditworthiness of its customers and has established internal policies regarding customer credit limits. The breadth of product offerings, combined with the large number and geographic diversity of its customers, limits VF’s concentration of risks.
Legal and Other Contingencies	Legal and Other ContingenciesManagement periodically assesses liabilities and contingencies in connection with legal proceedings and other claims that may arise from time to time. When it is probable that a loss has been or will be incurred, an estimate of the loss is recorded in the consolidated financial statements. Estimates of losses are adjusted when additional information becomes available or circumstances change. A contingent liability is disclosed when there is at least a reasonable possibility that a material loss may have been incurred.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform with the Fiscal 2023 presentation.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards	Recently Adopted Accounting Standards In November 2021, the Financial Accounting Standards Board (" FASB") issued Accounting Standards Update (" ASU") No. 2021-10, "Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance" , an update that requires annual disclosures about government assistance, i ncluding the types of assistance and the effect on the financial statements. The guidance became effective for VF in the first quarter of Fiscal 2023 and was adopted prospectively, but did not have any impact on VF's disclosures as the amount of government assistance recorded in VF's consolidated financial statements was not material. Recently Issued Accounting Standards In March 2020, January 2021 and December 2022, the FASB issued ASU No. 2020-04, " Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ", ASU No. 2021-01, " Reference Rate Reform (Topic 848): Scope " and ASU No. 2022-06, " Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 ", respectively. This guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The optional guidance is provided to ease the potential burden of accounting for reference rate reform. The guidance is effective and can be adopted no later than December 31, 2024. The Company does not expect this guidance to have a material impact on VF's consolidated financial statements. In September 2022, the FASB issued ASU No. 2022-04, " Liabilities — Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations". This guidance requires companies with supplier finance programs to disclose sufficient qualitative and quantitative information about the program to allow a user of the financial statements to understand the nature of, activity in, and potential magnitude of the program. The guidance will be effective for VF in the first quarter of Fiscal 2024, except for certain quantitative disclosures that will be effective in Fiscal 2025. Early adoption is permitted. The Company will adopt the required guidance in the first quarter of Fiscal 2024 and is evaluating the impact of adopting the guidance related to quantitative disclosures.

REVENUES (Tables)

REVENUES (Tables)	12 Months Ended
	Apr. 01, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Accounts Receivable, Contract Assets and Contract Liabilities	The following table provides information about contract assets and contract liabilities: (In thousands) March 2023 March 2022 Contract assets (a) $ 2,294 $ 1,065 Contract liabilities (b) 62,214 71,067 (a) Included in the other current assets line item in the Consolidated Balance Sheets. (b) Included in the accrued liabilities line item in the Consolidated Balance Sheets.
Schedule of 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. Year Ended March 2023 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 3,375,343 $ 2,082,875 $ 847,729 $ 148 $ 6,306,095 Direct-to-consumer 2,252,958 2,791,936 186,462 — 5,231,356 Royalty 19,225 29,811 25,988 — 75,024 Total $ 5,647,526 $ 4,904,622 $ 1,060,179 $ 148 $ 11,612,475 Geographic revenues Americas $ 2,921,383 $ 2,912,666 $ 848,524 $ 148 $ 6,682,721 Europe 1,960,485 1,343,796 107,414 — 3,411,695 Asia-Pacific 765,658 648,160 104,241 — 1,518,059 Total $ 5,647,526 $ 4,904,622 $ 1,060,179 $ 148 $ 11,612,475 Year Ended March 2022 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 3,194,881 $ 2,256,444 $ 919,080 $ 785 $ 6,371,190 Direct-to-consumer 2,115,056 3,102,231 186,788 — 5,404,075 Royalty 17,631 21,663 27,281 — 66,575 Total $ 5,327,568 $ 5,380,338 $ 1,133,149 $ 785 $ 11,841,840 Geographic revenues Americas $ 2,748,935 $ 3,155,870 $ 899,706 $ 785 $ 6,805,296 Europe 1,877,502 1,432,260 89,537 — 3,399,299 Asia-Pacific 701,131 792,208 143,906 — 1,637,245 Total $ 5,327,568 $ 5,380,338 $ 1,133,149 $ 785 $ 11,841,840 Year Ended March 2021 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 2,363,575 $ 1,970,699 $ 734,921 $ 4,372 $ 5,073,567 Direct-to-consumer 1,753,923 2,167,929 191,409 321 4,113,582 Royalty 10,103 22,228 19,350 — 51,681 Total $ 4,127,601 $ 4,160,856 $ 945,680 $ 4,693 $ 9,238,830 Geographic revenues Americas $ 2,058,020 $ 2,357,295 $ 677,222 $ — $ 5,092,537 Europe 1,430,402 1,075,489 107,339 4,693 2,617,923 Asia-Pacific 639,179 728,072 161,119 — 1,528,370 Total $ 4,127,601 $ 4,160,856 $ 945,680 $ 4,693 $ 9,238,830

ACQUISITION (Tables)

ACQUISITION (Tables)	12 Months Ended
	Apr. 01, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Unaudited Pro Forma Summary	The following unaudited pro forma summary presents consolidated information of VF as if the acquisition of Supreme had occurred on March 31, 2019: (In thousands, except per share amounts) Year Ended March 2021 (unaudited) Total revenues $ 9,677,141 Income from continuing operations 457,330 Earnings per common share from continuing operations Basic $ 1.17 Diluted 1.17

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Apr. 01, 2023
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations Presented in Financial Statements	The following table summarizes the major line items for the Occupational Workwear business that are included in the income from discontinued operations, net of tax line item in the Consolidated Statements of Operations: Year Ended March (In thousands) 2023 (a) 2022 2021 Net revenues $ — $ 181,424 $ 671,574 Cost of goods sold — 117,193 471,652 Selling, general and administrative expenses — 38,735 143,259 Interest income, net — 194 312 Other income (expense), net — 6 365 Income from discontinued operations before income taxes — 25,696 57,340 Gain on the sale of discontinued operations before income taxes — 133,970 — Total income from discontinued operations before income taxes — 159,666 57,340 Income tax expense (benefit) (b) — (11,006) 4,377 Income from discontinued operations, net of tax $ — $ 170,672 $ 52,963 (a) There was no activity during the year ended March 2023. (b) Income tax benefit for the year ended March 2022 included $12.0 million

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	12 Months Ended
	Apr. 01, 2023
Receivables [Abstract]
Schedule of Components of Accounts Receivable	(In thousands) March 2023 March 2022 Trade $ 1,521,975 $ 1,368,550 Other (including royalty) 116,395 127,251 Total accounts receivable 1,638,370 1,495,801 Less allowance for doubtful accounts 28,075 27,959 Accounts receivable, net $ 1,610,295 $ 1,467,842

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Apr. 01, 2023
Inventory Disclosure [Abstract]
Schedule of Components of Inventories	(In thousands) March 2023 March 2022 Finished products $ 2,240,215 $ 1,353,483 Work-in-process 39,508 50,774 Raw materials 13,067 14,416 Total inventories $ 2,292,790 $ 1,418,673

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Apr. 01, 2023
Property, Plant and Equipment [Abstract]
Schedule of Components of Property, Plant and Equipment	(In thousands) March 2023 March 2022 Land and improvements $ 69,401 $ 91,049 Buildings and improvements 896,973 965,802 Machinery and equipment 1,051,093 1,072,251 Property, plant and equipment, at cost 2,017,467 2,129,102 Less accumulated depreciation and amortization 1,075,027 1,087,325 Property, plant and equipment, net $ 942,440 $ 1,041,777

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Apr. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Indefinite Lived Intangible Assets	(In thousands) Weighted Amortization Cost Accumulated Net March 2023 Amortizable intangible assets: Customer relationships and other 19 years Accelerated $ 262,818 $ 173,916 $ 88,902 Indefinite-lived intangible assets: Trademarks and trade names 2,553,919 Intangible assets, net $ 2,642,821 (In thousands) Weighted Amortization Cost Accumulated Net March 2022 Amortizable intangible assets: Customer relationships and other 19 years Accelerated $ 264,691 $ 160,988 $ 103,703 Indefinite-lived intangible assets: Trademarks and trade names 2,896,648 Intangible assets, net $ 3,000,351
Schedule of Finite Lived Intangible Assets	(In thousands) Weighted Amortization Cost Accumulated Net March 2023 Amortizable intangible assets: Customer relationships and other 19 years Accelerated $ 262,818 $ 173,916 $ 88,902 Indefinite-lived intangible assets: Trademarks and trade names 2,553,919 Intangible assets, net $ 2,642,821 (In thousands) Weighted Amortization Cost Accumulated Net March 2022 Amortizable intangible assets: Customer relationships and other 19 years Accelerated $ 264,691 $ 160,988 $ 103,703 Indefinite-lived intangible assets: Trademarks and trade names 2,896,648 Intangible assets, net $ 3,000,351

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
	Apr. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Goodwill	Changes in goodwill are summarized by reportable segment as follows: (In thousands) Outdoor Active Work Total Balance, March 2021 $ 665,278 $ 1,645,769 $ 114,380 $ 2,425,427 Measurement period adjustment to Supreme acquisition — (717) — (717) Currency translation (4,492) (25,931) (480) (30,903) Balance, March 2022 660,786 1,619,121 113,900 2,393,807 Impairment charges — (394,131) — (394,131) Currency translation (6,999) (13,746) (518) (21,263) Balance, March 2023 $ 653,787 $ 1,211,244 $ 113,382 $ 1,978,413

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Apr. 01, 2023
Leases [Abstract]
Schedule of Assets and Liabilities Related to Operating and Finance Leases	The assets and liabilities related to operating and finance leases were as follows: (In thousands) Location in Consolidated Balance Sheet March 2023 March 2022 Assets: Operating lease assets Operating lease right-of-use assets $ 1,372,182 $ 1,247,056 Finance lease assets Property, plant and equipment, net 12,417 13,334 Total lease assets $ 1,384,599 $ 1,260,390 Liabilities: Current Operating lease liabilities Accrued liabilities $ 332,222 $ 353,948 Finance lease liabilities Current portion of long-term debt 951 1,051 Noncurrent Operating lease liabilities Operating lease liabilities 1,171,941 1,023,759 Finance lease liabilities Long-term debt 16,287 17,238 Total lease liabilities $ 1,521,401 $ 1,395,996
Schedule of Components of Lease Costs	The components of lease costs were as follows: Year Ended March (In thousands) 2023 2022 2021 Operating lease cost $ 418,716 $ 435,637 $ 454,324 Finance lease cost – amortization of right-of-use assets 917 917 749 Finance lease cost – interest on lease liabilities 486 513 462 Short-term lease cost 22,154 17,602 8,586 Variable lease cost 117,189 98,052 54,460 Impairment — 4,279 9,177 Gain recognized from sale-leaseback transaction (13,189) — — Total lease cost $ 546,273 $ 557,000 $ 527,758 Supplemental cash flow information related to leases was as follows: Year Ended March (In thousands) 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows – operating leases $ 428,443 $ 465,249 $ 425,975 Operating cash flows – finance leases 486 513 552 Financing cash flows – finance leases 1,050 1,023 1,112 Right-of-use assets obtained in exchange for lease liabilities: Operating leases 545,856 205,811 636,613 Finance leases — — — Lease terms and discount rates were as follows: March 2023 March 2022 March 2021 Weighted average remaining lease term: Operating leases 6.60 years 6.17 years 6.77 years Finance leases 13.51 years 14.51 years 15.50 years Weighted average discount rate: Operating leases 2.61 % 1.78 % 1.80 % Finance leases 2.71 % 2.71 % 2.71 %
Schedule of Maturities of Operating Lease Liabilities	Maturities of operating and finance lease liabilities for the next five fiscal years and thereafter as of March 2023 were as follows: (In thousands) Operating Leases Finance Leases Total 2024 $ 362,722 $ 1,408 $ 364,130 2025 308,822 1,536 310,358 2026 231,573 1,536 233,109 2027 188,707 1,664 190,371 2028 123,066 1,536 124,602 Thereafter 360,215 12,931 373,146 Total lease payments 1,575,105 20,611 1,595,716 Less: present value adjustment 70,942 3,373 74,315 Present value of lease liabilities $ 1,504,163 $ 17,238 $ 1,521,401
Schedule of Maturities of Financing Lease Liabilities	Maturities of operating and finance lease liabilities for the next five fiscal years and thereafter as of March 2023 were as follows: (In thousands) Operating Leases Finance Leases Total 2024 $ 362,722 $ 1,408 $ 364,130 2025 308,822 1,536 310,358 2026 231,573 1,536 233,109 2027 188,707 1,664 190,371 2028 123,066 1,536 124,602 Thereafter 360,215 12,931 373,146 Total lease payments 1,575,105 20,611 1,595,716 Less: present value adjustment 70,942 3,373 74,315 Present value of lease liabilities $ 1,504,163 $ 17,238 $ 1,521,401

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	12 Months Ended
	Apr. 01, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Components of Other Assets	(In thousands) March 2023 March 2022 Income taxes receivable and prepaid income taxes $ 1,004,289 $ 112,006 Computer software, net of accumulated amortization of: March 2023 - $256,414; March 2022 - $284,880 348,739 316,682 Pension assets (Note 16) 183,929 213,820 Investments held for deferred compensation plans (Note 16) 120,423 165,825 Deferred income taxes (Note 19) 95,117 100,980 Deposits 42,746 46,247 Partnership stores and shop-in-shop costs, net of accumulated amortization of: March 2023 - $90,072; March 2022 - $94,872 24,743 31,567 Derivative financial instruments (Note 24) 1,556 7,136 Other investments 27,542 14,358 Deferred line of credit issuance costs 2,689 3,117 Other 50,150 59,399 Other assets $ 1,901,923 $ 1,071,137

SHORT-TERM BORROWINGS (Tables)

SHORT-TERM BORROWINGS (Tables)	12 Months Ended
	Apr. 01, 2023
Debt Disclosure [Abstract]
Schedule of Short-Term Borrowings	(In thousands) March 2023 March 2022 Commercial paper borrowings $ — $ 330,000 International borrowing arrangements 11,491 5,462 Short-term borrowings $ 11,491 $ 335,462

ACCRUED LIABILITIES (Tables)

ACCRUED LIABILITIES (Tables)	12 Months Ended
	Apr. 01, 2023
Payables and Accruals [Abstract]
Schedule of Components of Accrued Liabilities	(In thousands) March 2023 March 2022 Current portion of operating lease liabilities (Note 10) $ 332,222 $ 353,948 Income taxes 314,465 424,135 Compensation 141,437 227,862 Customer discounts and allowances 220,614 216,823 Other taxes 151,621 157,009 Restructuring (Note 26) 43,121 26,392 Contract liabilities (Note 2) 62,214 71,067 Contingent consideration (Note 23) — 56,976 Advertising 41,338 54,162 Freight, duties and postage 57,271 52,669 Interest 60,504 52,278 Derivative financial instruments (Note 24) 59,995 24,267 Insurance 15,501 16,871 Product warranty claims (Note 15) 11,308 11,742 Pension liabilities (Note 16) 20,727 16,927 Deferred compensation (Note 16) 18,936 14,698 Other 122,377 138,066 Accrued liabilities $ 1,673,651 $ 1,915,892

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Apr. 01, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt	(In thousands) March 2023 March 2022 2.050% notes, due April 2022 ("2022 notes") $ — $ 499,910 0.625% notes, due September 2023 ("2023 notes") 923,354 936,824 Delayed Draw Term Loan Agreement, due December 2024 999,269 — 2.400% notes, due April 2025 ("2025 notes") 746,933 745,517 4.125% notes, due March 2026 ("2026 notes") 539,121 — 2.800% notes, due April 2027 ("2027 notes") 497,029 496,410 0.250% notes, due February 2028 ("2028 notes") 538,923 546,516 4.250% notes, due March 2029 ("2029 notes") 537,809 — 2.950% notes, due April 2030 ("2030 notes") 744,246 743,528 0.625% notes, due February 2032 ("2032 notes") 534,763 542,247 6.000% notes, due October 2033 ("2033 notes") 271,869 271,505 6.450% notes, due November 2037 ("2037 notes") 284,765 284,566 Finance leases 17,238 18,289 Total long-term debt 6,635,319 5,085,312 Less current portion 924,305 501,051 Long-term debt, due beyond one year $ 5,711,014 $ 4,584,261
Scheduled Payments of Long-term Debt	The scheduled payments of long-term debt, excluding finance leases (Note 10), at the end of Fiscal 2023 for the next five fiscal years and thereafter are summarized as follows: (In thousands) Notes and Other 2024 $ 923,586 2025 1,000,000 2026 1,293,450 2027 — 2028 1,043,450 Thereafter 2,400,827 6,661,313 Less unamortized debt discount 17,869 Less unamortized debt issuance costs 25,363 Total long-term debt 6,618,081 Less current portion 923,354 Long-term debt, due beyond one year $ 5,694,727

OTHER LIABILITIES (Tables)

OTHER LIABILITIES (Tables)	12 Months Ended
	Apr. 01, 2023
Other Liabilities Disclosure [Abstract]
Schedule of Components of Other Liabilities	(In thousands) March 2023 March 2022 Income taxes $ 273,955 $ 394,472 Deferred income taxes (Note 19) 107,546 150,401 Deferred compensation (Note 16) 77,428 114,380 Pension liabilities (Note 16) 72,825 111,173 Product warranty claims 41,111 41,745 Derivative financial instruments (Note 24) 12,658 3,456 Other 65,531 72,809 Other liabilities $ 651,054 $ 888,436
Schedule of Product Warranty Liability	Activity relating to accrued product warranty claims is summarized as follows: Year Ended March (In thousands) 2023 2022 2021 Balance, beginning of year $ 53,487 $ 62,087 $ 60,124 Accrual for products sold during the year 11,086 8,815 13,844 Repair or replacement costs incurred and other (12,024) (17,025) (12,386) Currency translation (130) (390) 505 Balance, end of year 52,419 53,487 62,087 Less current portion (Note 13) 11,308 11,742 13,396 Long-term portion $ 41,111 $ 41,745 $ 48,691

RETIREMENT AND SAVINGS BENEFI_2

RETIREMENT AND SAVINGS BENEFIT PLANS (Tables)	12 Months Ended
	Apr. 01, 2023
Retirement Benefits [Abstract]
Schedule of Components of Pension Cost and Income	The components of pension cost (income) for VF’s defined benefit plans were as follows: Year Ended March (In thousands) 2023 2022 2021 Service cost — benefits earned during the period $ 10,632 $ 14,288 $ 15,747 Interest cost on projected benefit obligations 44,732 37,534 47,316 Expected return on plan assets (63,157) (77,432) (83,107) Settlement charges 93,731 7,466 1,584 Curtailments — — 920 Amortization of deferred amounts: Net deferred actuarial losses 16,395 11,310 11,911 Deferred prior service credits (453) (440) (81) Net periodic pension cost (income) $ 101,880 $ (7,274) $ (5,710) Weighted average actuarial assumptions used to determine pension cost (income): Discount rate in effect for determining service cost 1.42 % 0.46 % 1.32 % Discount rate in effect for determining interest cost 4.09 % 2.16 % 2.82 % Expected long-term return on plan assets 5.24 % 4.53 % 4.97 % Rate of compensation increase (a) 1.95 % 2.01 % 2.04 % (a) Rate of compensation increase is calculated as the weighted average rate of compensation increase for active plans. Frozen plans are excluded from the calculation.
Schedule of Reconciliation of Changes in Fair Value of Defined Benefit Plan Assets and Projected Benefit Obligations	The following provides a reconciliation of the changes in fair value of VF’s defined benefit plan assets and projected benefit obligations for each period, and the funded status at the end of each period: (In thousands) March 2023 March 2022 Fair value of plan assets, beginning of period $ 1,643,435 $ 1,755,414 Actual return on plan assets (146,068) (26,855) VF contributions 22,683 34,035 Participant contributions 5,035 5,026 Settlement (328,412) — Benefits paid (79,865) (118,389) Currency translation (5,098) (5,796) Fair value of plan assets, end of period 1,111,710 1,643,435 Projected benefit obligations, beginning of period 1,557,715 1,741,710 Service cost 10,632 14,288 Interest cost 44,732 37,534 Participant contributions 5,035 5,026 Actuarial gain (183,536) (117,214) Settlement (328,412) — Benefits paid (79,865) (118,389) Plan amendments (478) — Currency translation (4,490) (5,240) Projected benefit obligations, end of period (a) 1,021,333 1,557,715 Funded status, end of period $ 90,377 $ 85,720 (a) The change in projected benefit obligations in the years ended March 2023 and 2022 were driven by actuarial gains, primarily as a result of changes in discount rates. The change in projected benefit obligations in the year ended March 2023 was also driven by the purchase of an irrevocable group annuity contract relating to approximately $330.0 million of the U.S. qualified defined benefit pension plan obligations. Pension benefits are reported in the Consolidated Balance Sheets as a net asset or liability based on the overfunded or underfunded status of the defined benefit plans, assessed on a plan-by-plan basis. (In thousands) March 2023 March 2022 Amounts included in Consolidated Balance Sheets: Other assets (Note 11) $ 183,929 $ 213,820 Accrued liabilities (Note 13) (20,727) (16,927) Other liabilities (Note 15) (72,825) (111,173) Funded status $ 90,377 $ 85,720 Accumulated other comprehensive loss, pretax: Net deferred actuarial losses $ 241,864 $ 326,929 Net deferred prior service credits (4,286) (4,204) Total accumulated other comprehensive loss, pretax $ 237,578 $ 322,725 Accumulated benefit obligations $ 1,005,159 $ 1,539,593 Weighted average actuarial assumptions used to determine pension obligations: Discount rate 4.89 % 3.65 % Rate of compensation increase (a) 2.15 % 1.95 % (a) Rate of compensation increase is calculated as the weighted average rate of compensation increase for active plans. Frozen plans are excluded from the calculation.
Schedule of Components of Pension Plans with an Accumulated Benefit Obligation and Projected Benefit Obligation in Excess of Plan Assets	The following provides information for VF's defined benefit plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets: (In thousands) March 2023 March 2022 Projected benefit obligations $ 186,532 $ 213,002 Accumulated benefit obligations 170,357 194,879 Fair value of plan assets 92,980 84,902 The net amount of projected benefit obligations and plan ass ets for underfunded defined benefit plans was $93.6 million and $128.1 million as of March 2023 and 2022, respectively, and was reported in accrued liabilities and other liabilities in the Consolidated Balance Sheets.
Schedule of Fair Value of Investments Held by Pension Plan	The fair value of investments held by VF’s defined benefit plans at March 2023 and March 2022, by asset class, is summarized below. Refer to Note 23 for a description of the three levels of the fair value measurement hierarchy. Total Plan Fair Value Measurements (In thousands) Level 1 Level 2 Level 3 March 2023 Plan assets Cash equivalents $ 983 $ 983 $ — $ — Fixed income securities: U.S. Treasury and government agencies 3 — 3 — Insurance contracts 97,429 — 97,429 — Futures contracts 6,649 6,649 — — Total plan assets in the fair value hierarchy 105,064 $ 7,632 $ 97,432 $ — Plan assets measured at net asset value Cash equivalents 118,114 Equity securities: Domestic 34,957 International 51,577 Fixed income securities: Corporate and international bonds 734,455 Alternative investments 67,543 Total plan assets measured at net asset value 1,006,646 Total plan assets $ 1,111,710 Total Plan Fair Value Measurements (In thousands) Level 1 Level 2 Level 3 March 2022 Plan assets Cash equivalents $ 5,761 $ 5,761 $ — $ — Fixed income securities: U.S. Treasury and government agencies 4 — 4 — Insurance contracts 88,574 — 88,574 — Futures contracts (2,812) (2,812) — — Total plan assets in the fair value hierarchy 91,527 $ 2,949 $ 88,578 $ — Plan assets measured at net asset value Cash equivalents 73,849 Equity securities: Domestic 94,844 International 77,468 Fixed income securities: Corporate and international bonds 1,177,421 Alternative investments 128,326 Total plan assets measured at net asset value 1,551,908 Total plan assets $ 1,643,435

CAPITAL AND ACCUMULATED OTHER_2

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	12 Months Ended
	Apr. 01, 2023
Equity [Abstract]
Schedule of Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in AOCI	The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows: (In thousands) March 2023 March 2022 Foreign currency translation and other $ (859,651) $ (751,632) Defined benefit pension plans (167,692) (230,290) Derivative financial instruments 7,825 55,343 Accumulated other comprehensive income (loss) $ (1,019,518) $ (926,579) The changes in accumulated OCI, net of related taxes, were as follows: (In thousands) Foreign Currency Translation and Other Defined Derivative Total Balance, March 2020 $ (737,709) $ (262,472) $ 69,223 $ (930,958) Other comprehensive income (loss) before reclassifications (4,828) (6,197) (100,448) (111,473) Amounts reclassified from accumulated other comprehensive income (loss) 42,364 10,922 (19,855) 33,431 Net other comprehensive income (loss) 37,536 4,725 (120,303) (78,042) Balance, March 2021 (700,173) (257,747) (51,080) (1,009,000) Other comprehensive income (loss) before reclassifications (51,459) 13,547 59,753 21,841 Amounts reclassified from accumulated other comprehensive income (loss) — 13,910 46,670 60,580 Net other comprehensive income (loss) (51,459) 27,457 106,423 82,421 Balance, March 2022 (751,632) (230,290) 55,343 (926,579) Other comprehensive income (loss) before reclassifications (108,019) (18,596) 44,979 (81,636) Amounts reclassified from accumulated other comprehensive income (loss) — 81,194 (92,497) (11,303) Net other comprehensive income (loss) (108,019) 62,598 (47,518) (92,939) Balance, March 2023 $ (859,651) $ (167,692) $ 7,825 $ (1,019,518)
Schedule of Reclassifications Out of Accumulated OCI	Reclassifications out of accumulated OCI were as follows: (In thousands) Affected Line Item in the Consolidated Statements of Operations Year Ended March Details About Accumulated Other 2023 2022 2021 Losses on foreign currency translation and other: Liquidation of foreign entities Other income (expense), net $ — $ — $ (42,364) Total before tax — — (42,364) Tax (expense) benefit — — — Net of tax — — (42,364) Amortization of defined benefit pension plans: Net deferred actuarial losses Other income (expense), net (16,395) (11,310) (11,911) Deferred prior service credits Other income (expense), net 453 440 81 Pension settlement charges Other income (expense), net (93,731) (7,466) (1,584) Pension curtailment losses Other income (expense), net — — (920) Total before tax (109,673) (18,336) (14,334) Tax benefit 28,479 4,426 3,412 Net of tax (81,194) (13,910) (10,922) Gains (losses) on derivative financial instruments: Foreign exchange contracts Net revenues (6,843) (27,382) 2,596 Foreign exchange contracts Cost of goods sold 120,438 (26,346) 19,485 Foreign exchange contracts Selling, general and administrative expenses 6,695 (487) 2,797 Foreign exchange contracts Other income (expense), net (10,365) (219) (137) Interest rate contracts Interest expense 235 108 107 Total before tax 110,160 (54,326) 24,848 Tax (expense) benefit (17,663) 7,656 (4,993) Net of tax 92,497 (46,670) 19,855 Total reclassifications for the period, net of tax $ 11,303 $ (60,580) $ (33,431)

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Apr. 01, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Total Stock-Based Compensation Cost and Associated Income Tax Benefits	Total stock-based compensation cost and the associated income tax benefits recognized in the Consolidated Statements of Operations are as follows: Year Ended March (In thousands) 2023 2022 2021 Stock-based compensation cost $ 60,354 $ 91,358 $ 70,823 Income tax benefits 13,714 21,917 17,373
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: Year Ended March 2023 2022 2021 Expected volatility 30% to 46% 28% to 41% 28% to 48% Weighted average expected volatility 39% 36% 37% Expected term (in years) 6.0 to 7.8 6.1 to 7.9 6.2 to 8.0 Weighted average dividend yield 2.9% 2.6% 2.4% Risk-free interest rate 1.53% to 4.89% 0.04% to 1.81% 0.07% to 1.11% Weighted average fair value at date of grant $13.46 $20.17 $15.81
Schedule of Stock Option Activity	Stock option activity for the year ended March 2023 is summarized as follows: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding, March 2022 8,047,657 $ 66.04 Granted 2,478,515 45.10 Exercised (53,567) 42.57 Forfeited/cancelled (1,421,277) 53.48 Outstanding, March 2023 9,051,328 $ 62.42 6.2 $ — Exercisable, March 2023 5,973,499 $ 66.08 5.0 $ —
Schedule of RSU Activity	RSU activity for the year ended March 2023 is summarized as follows: Performance-based Nonperformance-based Number Outstanding (a) Weighted Average Number Outstanding Weighted Average Outstanding, March 2022 912,963 $ 80.75 901,956 $ 71.42 Granted 364,192 45.23 1,103,228 38.31 Issued as Common Stock (248,203) 84.27 (207,011) 64.42 Forfeited/cancelled (165,024) 53.78 (220,133) 59.46 Outstanding, March 2023 863,928 $ 69.92 1,578,040 $ 50.85 Vested, March 2023 551,338 $ 72.68 112,197 $ 67.09 (a) Reflects activity at target level of awards and has not been adjusted for performance and market conditions.
Schedule of Restricted Stock Activity	Restricted stock activity for the year ended March 2023 is summarized below: Nonvested Shares Outstanding Weighted Average Grant Date Fair Value Nonvested shares, March 2022 854,410 $ 79.43 Granted 125,981 35.72 Dividend equivalents 15,587 30.52 Vested (377,702) 82.99 Forfeited (20,141) 65.30 Nonvested shares, March 2023 598,135 $ 67.17

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Apr. 01, 2023
Income Tax Disclosure [Abstract]
Schedule of Provision for Income Taxes, Income Before Income Taxes	The provision for income taxes was computed based on the following amounts of income from continuing operations before income taxes: Year Ended March (In thousands) 2023 2022 2021 Domestic $ (885,562) $ 518,386 $ (152,073) Foreign 928,849 1,004,864 608,545 Income before income taxes $ 43,287 $ 1,523,250 $ 456,472
Schedule of Provision for Income Taxes	The provision for income taxes consisted of: Year Ended March (In thousands) 2023 2022 2021 Current: Federal $ (114,772) $ 231,469 $ 6,373 Foreign 106,192 196,540 109,543 State (13,163) 36,461 25,462 (21,743) 464,470 141,378 Deferred: Federal and state (46,677) (177,381) (24,133) Foreign (6,877) 19,892 (15,679) (53,554) (157,489) (39,812) Income tax expense (benefit) $ (75,297) $ 306,981 $ 101,566
Schedule of Differences Between Income Taxes Computed by Applying Statutory Federal Income Tax Rate and Income Tax Expense reported in Consolidated Financial Statements	The differences between income taxes computed by applying the statutory federal income tax rate and income tax expense (benefit) reported in the consolidated financial statements are as follows: Year Ended March (In thousands) 2023 2022 2021 Tax at federal statutory rate $ 9,090 $ 319,882 $ 95,859 State income taxes, net of federal tax benefit (17,301) 16,641 13,771 Foreign rate differences (38,609) (62,928) (5,605) Tax reform (94,877) 67,358 — Goodwill impairment 74,624 — 2,631 Stock compensation (federal) 2,304 (1,977) (4,783) Non-taxable contingent consideration adjustments — (28,090) — Interest on tax receivable (11,972) — — Other 1,444 (3,905) (307) Income tax expense (benefit) $ (75,297) $ 306,981 $ 101,566
Schedule of Deferred Income Tax Assets and Liabilities	Deferred income tax assets and liabilities consisted of the following: (In thousands) March 2023 March 2022 Deferred income tax assets: Inventories $ 74,395 $ 38,661 Deferred compensation 24,557 32,349 Other employee benefits — 16,870 Stock compensation 27,589 27,610 Operating lease liabilities 361,676 327,668 Other accrued expenses 109,050 105,978 Interest expense limitation carryforward 3,932 1,711 Capital loss carryforwards 166,587 166,622 Operating loss and credit carryforwards 331,167 539,157 Gross deferred income tax assets 1,098,953 1,256,626 Valuation allowances (424,932) (616,533) Net deferred income tax assets 674,021 640,093 Deferred income tax liabilities: Depreciation 26,303 10,768 Intangible assets 277,473 361,182 Operating lease right-of-use assets 330,235 295,227 Other employee benefits 3,707 — Other deferred tax liabilities 48,732 22,337 Deferred income tax liabilities 686,450 689,514 Net deferred income tax assets (liabilities) $ (12,429) $ (49,421) Amounts included in the Consolidated Balance Sheets: Other assets (Note 11) $ 95,117 $ 100,980 Other liabilities (Note 15) (107,546) (150,401) $ (12,429) $ (49,421)
Schedule of Reconciliation of Change in Accrual for Unrecognized Income Tax Benefits	A reconciliation of the change in the accrual for unrecognized income tax benefits is as follows: (In thousands) Unrecognized Accrued Unrecognized Balance, March 2020 $ 184,723 $ 30,612 $ 215,335 Additions for current year tax positions 6,609 — 6,609 Additions for prior year tax positions 20,950 8,064 29,014 Reductions for prior year tax positions (2,073) (1,399) (3,472) Reductions due to statute expirations (761) (216) (977) Payments in settlement (3,464) (650) (4,114) Additions due to acquisitions 17,066 1,673 18,739 Currency translation (40) 57 17 Balance, March 2021 223,010 38,141 261,151 Additions for current year tax positions 28,098 — 28,098 Additions for prior year tax positions (a) 112,850 32,642 145,492 Reductions for prior year tax positions (895) (532) (1,427) Reductions due to statute expirations (5,803) (840) (6,643) Payments in settlement (21,278) (730) (22,008) Decrease due to divestiture (506) (340) (846) Currency translation 186 (43) 143 Balance, March 2022 335,662 68,298 403,960 Additions for current year tax positions 22,319 — 22,319 Additions for prior year tax positions 13,324 20,577 33,901 Reductions for prior year tax positions (3,747) (951) (4,698) Reductions due to statute expirations (15,369) (1,699) (17,068) Payments in settlement (3,847) (1,608) (5,455) Currency translation (172) (10) (182) Balance, March 2023 $ 348,170 $ 84,607 $ 432,777 (a) The year ended March 2022 included an increase resulting from updated estimates related to intellectual property transfers completed in a prior period.
Schedule of Amounts Included in Consolidated Balance Sheets	(In thousands) March 2023 March 2022 Amounts included in the Consolidated Balance Sheets: Unrecognized income tax benefits, including interest and penalties $ 432,777 $ 403,960 Less deferred tax benefits 135,175 126,179 Total unrecognized tax benefits $ 297,602 $ 277,781

REPORTABLE SEGMENT INFORMATION

REPORTABLE SEGMENT INFORMATION (Tables)	12 Months Ended
	Apr. 01, 2023
Segment Reporting [Abstract]
Schedule of Financial Information for Reportable Segments	Financial information for VF’s reportable segments is as follows: Year Ended March (In thousands) 2023 2022 2021 Segment revenues: Outdoor $ 5,647,526 $ 5,327,568 $ 4,127,601 Active 4,904,622 5,380,338 4,160,856 Work 1,060,179 1,133,149 945,680 Other 148 785 4,693 Total segment revenues $ 11,612,475 $ 11,841,840 $ 9,238,830 Segment profit (loss): Outdoor $ 785,431 $ 795,523 $ 342,212 Active 654,691 979,746 648,467 Work 121,157 193,492 27,141 Other (536) (586) (5,410) Total segment profit 1,560,743 1,968,175 1,012,410 Impairment of goodwill and indefinite-lived intangible assets (a) (735,009) — (12,400) Corporate and other expenses (617,815) (309,817) (417,038) Interest expense, net (164,632) (131,463) (126,500) Loss on debt extinguishment — (3,645) — Income from continuing operations before income taxes $ 43,287 $ 1,523,250 $ 456,472 definite-lived intangible assets
Schedule of Reconciliation Assets	(In thousands) March 2023 March 2022 Segment assets: Outdoor $ 1,936,090 $ 1,307,244 Active 1,341,142 1,110,691 Work 610,798 436,765 Other 15,055 31,815 Total segment assets 3,903,085 2,886,515 Cash and equivalents 814,887 1,275,943 Property, plant and equipment, net 942,440 1,041,777 Intangible assets and goodwill 4,621,234 5,394,158 Operating lease right-of-use assets 1,372,182 1,247,056 Other assets 2,336,660 1,496,759 Consolidated assets $ 13,990,488 $ 13,342,208
Schedule of Reconciliation of Capital Expenditures and Depreciation and Amortization Expense	Year Ended March (In thousands) 2023 2022 2021 Depreciation and amortization expense: Outdoor $ 94,448 $ 95,860 $ 94,841 Active 81,106 87,235 80,245 Work 12,524 14,439 20,785 Other 74,246 69,401 73,210 $ 262,324 $ 266,935 $ 269,081
Schedule of Supplemental Information (with Revenues by Geographic Area Based on the Origin of Shipment)	Supplemental information (with revenues by geographic area primarily based on the origin of the shipment) is as follows: Year Ended March (In thousands) 2023 2022 2021 Total revenues: U.S. $ 6,043,359 $ 6,178,300 $ 4,635,704 Foreign 5,569,116 5,663,540 4,603,126 $ 11,612,475 $ 11,841,840 $ 9,238,830 Property, plant and equipment: U.S. $ 707,035 $ 716,952 Foreign 235,405 324,825 $ 942,440 $ 1,041,777

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Apr. 01, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Basic and Diluted	Year Ended March (In thousands, except per share amounts) 2023 2022 2021 Earnings per share — basic: Income from continuing operations $ 118,584 $ 1,216,269 $ 354,906 Weighted average common shares outstanding 387,763 390,291 389,655 Earnings per share from continuing operations $ 0.31 $ 3.12 $ 0.91 Earnings per share — diluted: Income from continuing operations $ 118,584 $ 1,216,269 $ 354,906 Weighted average common shares outstanding 387,763 390,291 389,655 Incremental shares from stock options and other dilutive securities 607 2,120 2,466 Adjusted weighted average common shares outstanding 388,370 392,411 392,121 Earnings per share from continuing operations $ 0.31 $ 3.10 $ 0.91

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Apr. 01, 2023
Fair Value Disclosures [Abstract]
Schedule of 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 Fair Value Measurement Using (a) (In thousands) Level 1 Level 2 Level 3 March 2023 Financial assets: Cash equivalents: Money market funds $ 418,304 $ 418,304 $ — $ — Time deposits 21,233 21,233 — — Derivative financial instruments 49,688 — 49,688 — Deferred compensation 99,200 99,200 — — Financial liabilities: Derivative financial instruments 72,653 — 72,653 — Deferred compensation 96,364 — 96,364 — Total Fair Fair Value Measurement Using (a) (In thousands) Level 1 Level 2 Level 3 March 2022 Financial assets: Cash equivalents: Money market funds $ 324,868 $ 324,868 $ — $ — Time deposits 1,100 1,100 — — Derivative financial instruments 79,046 — 79,046 — Deferred compensation 125,323 125,323 — — Financial liabilities: Derivative financial instruments 27,723 — 27,723 — Deferred compensation 129,078 — 129,078 — Contingent consideration 56,976 — — 56,976 (a) There were no transfers among the levels within the fair value hierarchy during the years ended March 2023 or 2022.
Schedule of Contingent Consideration Liability Designated as Level 3	The following table presents the activity related to the contingent consideration liability designated as Level 3: Year Ended March (In thousands) 2023 2022 Beginning Balance $ 56,976 $ 207,000 Change in fair value — (150,024) Cash payout (56,976) — Ending Balance $ — $ 56,976

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	12 Months Ended
	Apr. 01, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Outstanding Derivatives on Individual Contract Basis	The following table presents outstanding derivatives on an individual contract basis: Fair Value of Derivatives Fair Value of Derivatives (In thousands) March 2023 March 2022 March 2023 March 2022 Derivatives Designated as Hedging Instruments: Foreign exchange contracts $ 46,752 $ 79,046 $ (71,052) $ (27,678) Interest rate contracts — — (1,140) — Total derivatives designated as hedging instruments 46,752 79,046 (72,192) (27,678) Derivatives Not Designated as Hedging Instruments: Foreign exchange contracts 2,936 — (461) (45) Total derivatives $ 49,688 $ 79,046 $ (72,653) $ (27,723)
Schedule of Derivative Assets and Liabilities Presented in Consolidated Balance Sheet Adjusted from Current Gross	If VF were to offset and record the asset and liability balances on a net basis in accordance with the terms of its master netting agreements, the amounts presented in the Consolidated Balance Sheets as of March 2023 and 2022 would be adjusted from the current gross presentation to the net amounts as detailed in the following table: March 2023 March 2022 (In thousands) Derivative Derivative Liability Derivative Derivative Liability Gross amounts presented in the Consolidated Balance Sheets $ 49,688 $ (72,653) $ 79,046 $ (27,723) Gross amounts not offset in the Consolidated Balance Sheets (26,470) 26,470 (18,721) 18,721 Net amounts $ 23,218 $ (46,183) $ 60,325 $ (9,002)
Schedule of Derivatives Classified as Current or Noncurrent Based on Maturity Dates	Derivatives are classified as current or noncurrent based on maturity dates, as follows: (In thousands) March 2023 March 2022 Derivative Instruments Balance Sheet Location Foreign exchange contracts Other current assets $ 48,132 $ 71,910 Foreign exchange contracts Accrued liabilities (Note 13) (59,995) (24,267) Foreign exchange contracts Other assets (Note 11) 1,556 7,136 Foreign exchange contracts Other liabilities (Note 15) (11,518) (3,456) Interest rate contracts Other liabilities (Note 15) (1,140) —
Schedule of Effects of Cash Flow Hedging included in Consolidated Statements of Income and Consolidated Statements of Comprehensive Income	The effects of cash flow hedging included in VF’s Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income are summarized as follows: (In thousands) Cash Flow Hedging Relationships Gain (Loss) on Derivatives Recognized in OCI Year Ended March 2023 2022 2021 Foreign exchange contracts $ 54,546 $ 71,494 $ (122,244) Interest rate contracts (1,013) — — Total $ 53,533 $ 71,494 $ (122,244) Gain (Loss) Reclassified from Accumulated OCI into Income (In thousands) Year Ended March Cash Flow Hedging Relationships Location of Gain (Loss) 2023 2022 2021 Foreign exchange contracts Net revenues $ (6,843) $ (27,382) $ 2,596 Foreign exchange contracts Cost of goods sold 120,438 (26,346) 19,485 Foreign exchange contracts Selling, general and administrative expenses 6,695 (487) 2,797 Foreign exchange contracts Other income (expense), net (10,365) (219) (137) Interest rate contracts Interest expense 235 108 107 Total $ 110,160 $ (54,326) $ 24,848

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	12 Months Ended
	Apr. 01, 2023
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Cash Flow Information	Year Ended March (In thousands) 2023 2022 2021 Income taxes paid, net of refunds (a)(b) $ 1,113,940 $ 263,733 $ 188,271 Interest paid, net of amounts capitalized 160,272 123,476 89,807 Noncash transactions: Property, plant and equipment expenditures included in accounts payable or accrued liabilities 44,151 45,235 39,774 Computer software costs included in accounts payable or accrued liabilities 28,519 33,997 25,848 (a) The year ended March 2023, includes the payment related to the ongoing IRS dispute associated with VF's acquisition of The Timberland Company in September 2011. Refer to Notes 19 and 21 for additional information. (b) Includes both continuing and discontinued operations.

RESTRUCTURING (Tables)

RESTRUCTURING (Tables)	12 Months Ended
	Apr. 01, 2023
Restructuring and Related Activities [Abstract]
Schedule of Components of Restructuring Charges	The components of the restructuring charges are as follows: Year Ended March (In thousands) 2023 2022 2021 Severance and employee-related benefits $ 57,433 $ 12,283 $ 64,972 Asset impairments — — 23,087 Accelerated depreciation 8,016 7,016 11,266 Inventory write-downs — — 10,658 Contract termination and other 10,289 703 9,023 Total restructuring charges $ 75,738 $ 20,002 $ 119,006 Restructuring costs by business segment are as follows: Year Ended March (In thousands) 2023 2022 2021 Outdoor $ 1,088 $ 4,523 $ 14,081 Active 1,478 1,008 20,958 Work 9 2,315 31,907 Corporate and other 73,163 12,156 52,060 Total $ 75,738 $ 20,002 $ 119,006
Schedule of Activity in Restructuring Accrual	The activity in the restructuring accrual was as follows: (In thousands) Severance Other Total Accrual at March 2021 $ 59,810 $ 6,944 $ 66,754 Charges 12,283 703 12,986 Cash payments and settlements (43,886) (5,694) (49,580) Adjustments to accruals (2,320) (647) (2,967) Impact of foreign currency (247) (95) (342) Accrual at March 2022 25,640 1,211 26,851 Charges 57,433 5,190 62,623 Cash payments and settlements (41,338) (345) (41,683) Adjustments to accruals (3,236) 40 (3,196) Impact of foreign currency 222 449 671 Accrual at March 2023 $ 38,721 $ 6,545 $ 45,266

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	12 Months Ended
	Apr. 01, 2023 USD ($) lease	Apr. 02, 2022 USD ($)	Apr. 03, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Foreign currency transaction gains (losses), net of related hedging impact	$ (16,900)	$ (6,700)	$ 2,600
Cash equivalents	$ 439,500	326,000
Number of finance leases | lease	1
Gain recognized from sale-leaseback transaction	$ 13,189	0	0
Accounts payable	936,319	562,992
Advertising expense	861,800	840,600	608,100
Cooperate advertising expense	16,500	16,200	11,100
Cost of goods sold	5,515,796	5,386,393	4,370,780
Royalty expenses	$ 900	900	1,700
Revenue benchmark | Customer Concentration Risk | Ten Largest Customers
Property, Plant and Equipment [Line Items]
Concentration risk, percentage	15%
Revenue benchmark | Customer Concentration Risk | Largest Customer
Property, Plant and Equipment [Line Items]
Concentration risk, percentage	2%
Shipping and Handling
Property, Plant and Equipment [Line Items]
Cost of goods sold	$ 637,000	$ 634,200	$ 557,500
Wholesale and Direct-to-consumer
Property, Plant and Equipment [Line Items]
Contract duration (less than)	1 year
Supply Chain Financing Program
Property, Plant and Equipment [Line Items]
Accounts payable	$ 161,400
Payments to Suppliers	$ 989,800
Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of intangible assets (in years)	11 years
Minimum | Wholesale
Property, Plant and Equipment [Line Items]
Payment terms (in days)	30 days
Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of intangible assets (in years)	24 years
Maximum | Wholesale
Property, Plant and Equipment [Line Items]
Payment terms (in days)	60 days
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets (in years)	3 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets (in years)	10 years
Building | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets (in years)	40 years
Land and Building | Minimum
Property, Plant and Equipment [Line Items]
Leases term (in years)	3 years
Land and Building | Maximum
Property, Plant and Equipment [Line Items]
Leases term (in years)	15 years
Equipment | Minimum
Property, Plant and Equipment [Line Items]
Leases term (in years)	2 years
Equipment | Maximum
Property, Plant and Equipment [Line Items]
Leases term (in years)	5 years
Vehicles | Minimum
Property, Plant and Equipment [Line Items]
Leases term (in years)	1 year
Vehicles | Maximum
Property, Plant and Equipment [Line Items]
Leases term (in years)	5 years

REVENUES - Schedule of Accounts

REVENUES - Schedule of Accounts Receivable, Contract Assets and Contract Liabilities (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Revenue from Contract with Customer [Abstract]
Contract assets	$ 2,294	$ 1,065
Contract liabilities	$ 62,214	$ 71,067

REVENUES - Narrative (Details)

REVENUES - Narrative (Details) $ in Millions	12 Months Ended
	Apr. 01, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Contracts with customer, liability, revenue recognized	$ 319.2
Remaining performance obligation	$ 70.5

REVENUES - Schedule of Disaggre

REVENUES - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Disaggregation of Revenue [Line Items]
Net revenues	$ 11,612,475	$ 11,841,840	$ 9,238,830
Americas
Disaggregation of Revenue [Line Items]
Net revenues	6,682,721	6,805,296	5,092,537
Europe
Disaggregation of Revenue [Line Items]
Net revenues	3,411,695	3,399,299	2,617,923
Asia-Pacific
Disaggregation of Revenue [Line Items]
Net revenues	1,518,059	1,637,245	1,528,370
Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	6,306,095	6,371,190	5,073,567
Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	5,231,356	5,404,075	4,113,582
Royalty
Disaggregation of Revenue [Line Items]
Net revenues	75,024	66,575	51,681
Outdoor
Disaggregation of Revenue [Line Items]
Net revenues	5,647,526	5,327,568	4,127,601
Outdoor | Americas
Disaggregation of Revenue [Line Items]
Net revenues	2,921,383	2,748,935	2,058,020
Outdoor | Europe
Disaggregation of Revenue [Line Items]
Net revenues	1,960,485	1,877,502	1,430,402
Outdoor | Asia-Pacific
Disaggregation of Revenue [Line Items]
Net revenues	765,658	701,131	639,179
Outdoor | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	3,375,343	3,194,881	2,363,575
Outdoor | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	2,252,958	2,115,056	1,753,923
Outdoor | Royalty
Disaggregation of Revenue [Line Items]
Net revenues	19,225	17,631	10,103
Active
Disaggregation of Revenue [Line Items]
Net revenues	4,904,622	5,380,338	4,160,856
Active | Americas
Disaggregation of Revenue [Line Items]
Net revenues	2,912,666	3,155,870	2,357,295
Active | Europe
Disaggregation of Revenue [Line Items]
Net revenues	1,343,796	1,432,260	1,075,489
Active | Asia-Pacific
Disaggregation of Revenue [Line Items]
Net revenues	648,160	792,208	728,072
Active | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	2,082,875	2,256,444	1,970,699
Active | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	2,791,936	3,102,231	2,167,929
Active | Royalty
Disaggregation of Revenue [Line Items]
Net revenues	29,811	21,663	22,228
Work
Disaggregation of Revenue [Line Items]
Net revenues	1,060,179	1,133,149	945,680
Work | Americas
Disaggregation of Revenue [Line Items]
Net revenues	848,524	899,706	677,222
Work | Europe
Disaggregation of Revenue [Line Items]
Net revenues	107,414	89,537	107,339
Work | Asia-Pacific
Disaggregation of Revenue [Line Items]
Net revenues	104,241	143,906	161,119
Work | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	847,729	919,080	734,921
Work | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	186,462	186,788	191,409
Work | Royalty
Disaggregation of Revenue [Line Items]
Net revenues	25,988	27,281	19,350
Other
Disaggregation of Revenue [Line Items]
Net revenues	148	785	4,693
Other | Americas
Disaggregation of Revenue [Line Items]
Net revenues	148	785	0
Other | Europe
Disaggregation of Revenue [Line Items]
Net revenues	0	0	4,693
Other | Asia-Pacific
Disaggregation of Revenue [Line Items]
Net revenues	0	0	0
Other | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	148	785	4,372
Other | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	0	0	321
Other | Royalty
Disaggregation of Revenue [Line Items]
Net revenues	$ 0	$ 0	$ 0

ACQUISITION - Narrative (Detail

ACQUISITION - Narrative (Details) - USD ($)		3 Months Ended	12 Months Ended
	Dec. 28, 2020	Apr. 03, 2021	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Business Acquisition [Line Items]
Contingent consideration				$ 56,976,000
Net revenues			$ 11,612,475,000	11,841,840,000	$ 9,238,830,000
Net income			118,584,000	1,386,941,000	407,869,000
Supreme
Business Acquisition [Line Items]
Business acquisition, percentage acquired	100%
Payments to acquire businesses	$ 2,200,000,000
Cash acquired from acquisition	200,000,000
Decrease in purchase price				3,800,000
Contingent consideration arrangement, low value	0
Contingent consideration arrangement, high value	$ 300,000,000
Earn out period for contingent consideration (in years)	1 year
Contingent consideration liability	$ 207,000,000
Contingent consideration				57,000,000
Net revenues		$ 142,000,000	523,100,000	561,500,000
Net income		$ 21,500,000	$ 64,800,000	$ 82,400,000
Transaction costs					8,700,000
Supreme | Acquisition-related Costs
Business Acquisition [Line Items]
Pro forma excluded expenses					$ 30,600,000

ACQUISITION - Schedule of Unaud

ACQUISITION - Schedule of Unaudited Pro Forma Summary (Details) - Supreme $ / shares in Units, $ in Thousands	12 Months Ended
	Apr. 03, 2021 USD ($) $ / shares
Business Acquisition [Line Items]
Total revenues | $	$ 9,677,141
Income from continuing operations | $	$ 457,330
Earnings per common share from continuing operations
Basic (in USD per share) | $ / shares	$ 1.17
Diluted (in USD per share) | $ / shares	$ 1.17

DISCONTINUED OPERATIONS - Narra

DISCONTINUED OPERATIONS - Narrative (Details) - USD ($) $ in Thousands		12 Months Ended
	Jun. 28, 2021	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]		Income from discontinued operations, net of tax
Income from discontinued operations, net of tax		$ 0	$ 170,672	$ 52,963
Discontinued Operations, Disposed of by Sale | Occupational Workwear Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business	$ 616,900
After-tax gain on sale	$ 146,000		146,000
Income from discontinued operations, net of tax		$ 0	$ 170,672	$ 52,963
Discontinued Operations, Disposed of by Sale | Occupational Workwear Business | Minimum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Period of continuing involvement after disposal (in months)	12 months
Discontinued Operations, Disposed of by Sale | Occupational Workwear Business | Maximum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Period of continuing involvement after disposal (in months)	27 months

DISCONTINUED OPERATIONS - Sched

DISCONTINUED OPERATIONS - Schedule of Discontinued Operations Presented in Financial Statements (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations, net of tax	$ 0	$ 170,672	$ 52,963
Occupational Workwear Business | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues	0	181,424	671,574
Cost of goods sold	0	117,193	471,652
Selling, general and administrative expenses	0	38,735	143,259
Interest income, net	0	194	312
Other income (expense), net	0	6	365
Income from discontinued operations before income taxes	0	25,696	57,340
Gain on the sale of discontinued operations before income taxes	0	133,970	0
Total income from discontinued operations before income taxes	0	159,666	57,340
Income tax expense (benefit)	0	(11,006)	4,377
Income from discontinued operations, net of tax	$ 0	170,672	$ 52,963
Deferred tax benefit		$ 12,000

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	$ 1,638,370	$ 1,495,801
Less allowance for doubtful accounts	28,075	27,959
Accounts receivable, net	1,610,295	1,467,842
Trade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	1,521,975	1,368,550
Other (including royalty)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	$ 116,395	$ 127,251

INVENTORIES - Schedule of Compo

INVENTORIES - Schedule of Components of Inventories (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Inventory Disclosure [Abstract]
Finished products	$ 2,240,215	$ 1,353,483
Work-in-process	39,508	50,774
Raw materials	13,067	14,416
Total inventories	$ 2,292,790	$ 1,418,673

INVENTORIES - Narrative (Detail

INVENTORIES - Narrative (Details) - USD ($) $ in Millions	Apr. 01, 2023	Apr. 02, 2022
Inventory Disclosure [Abstract]
Finished products, in transit	$ 321.4	$ 67.7

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 2,017,467	$ 2,129,102
Less accumulated depreciation and amortization	1,075,027	1,087,325
Property, plant and equipment, net	942,440	1,041,777
Land and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	69,401	91,049
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	896,973	965,802
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 1,051,093	$ 1,072,251

INTANGIBLE ASSETS - Schedule of

INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Indefinite-lived intangible assets:
Trademarks and trade names	$ 2,553,919	$ 2,896,648
Intangible assets, net	$ 2,642,821	$ 3,000,351
Customer relationships and other
Amortizable intangible assets:
Weighted average amortization period (in years)	19 years	19 years
Cost	$ 262,818	$ 264,691
Accumulated Amortization	173,916	160,988
Net Carrying Amount	$ 88,902	$ 103,703

INTANGIBLE ASSETS - Narrative (

INTANGIBLE ASSETS - Narrative (Details) - USD ($)	3 Months Ended		12 Months Ended
	Apr. 01, 2023	Oct. 01, 2022	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Amortizable intangible assets:
Impairment of indefinite lived intangible assets				$ 0	$ 20,400,000
Amortization of intangible assets			$ 14,100,000	$ 15,600,000	$ 17,500,000
Estimated amortization expense, 2024	$ 13,600,000		13,600,000
Estimated amortization expense, 2025	13,000,000		13,000,000
Estimated amortization expense, 2026	12,100,000		12,100,000
Estimated amortization expense, 2027	11,600,000		11,600,000
Estimated amortization expense, 2028	10,700,000		10,700,000
Supreme
Amortizable intangible assets:
Impairment of indefinite lived intangible assets	$ 148,000,000	$ 192,900,000	$ 340,900,000

GOODWILL - Schedule of Changes

GOODWILL - Schedule of Changes in Goodwill (Details) - USD ($)	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 2,393,807,000	$ 2,425,427,000
Measurement period adjustment to Supreme acquisition		(717,000)
Impairment charges	(394,131,000)	0	$ 0
Currency translation	(21,263,000)	(30,903,000)
Goodwill, ending balance	1,978,413,000	2,393,807,000	2,425,427,000
Outdoor
Goodwill [Roll Forward]
Goodwill, beginning balance	660,786,000	665,278,000
Measurement period adjustment to Supreme acquisition		0
Impairment charges	0
Currency translation	(6,999,000)	(4,492,000)
Goodwill, ending balance	653,787,000	660,786,000	665,278,000
Active
Goodwill [Roll Forward]
Goodwill, beginning balance	1,619,121,000	1,645,769,000
Measurement period adjustment to Supreme acquisition		(717,000)
Impairment charges	(394,131,000)
Currency translation	(13,746,000)	(25,931,000)
Goodwill, ending balance	1,211,244,000	1,619,121,000	1,645,769,000
Work
Goodwill [Roll Forward]
Goodwill, beginning balance	113,900,000	114,380,000
Measurement period adjustment to Supreme acquisition		0
Impairment charges	0
Currency translation	(518,000)	(480,000)
Goodwill, ending balance	$ 113,382,000	$ 113,900,000	$ 114,380,000

GOODWILL - Narrative (Details)

GOODWILL - Narrative (Details) - USD ($)	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Goodwill [Line Items]
Goodwill impairment charges	$ 394,131,000	$ 0	$ 0
Measurement period adjustments to Supreme acquisition		717,000
Outdoor
Goodwill [Line Items]
Goodwill impairment charges	0
Cumulative impairment charges	323,200,000	323,200,000
Measurement period adjustments to Supreme acquisition		0
Active
Goodwill [Line Items]
Goodwill impairment charges	394,131,000
Cumulative impairment charges	$ 394,100,000
Measurement period adjustments to Supreme acquisition		$ 717,000

LEASES - Schedule of Assets and

LEASES - Schedule of Assets and Liabilities Related to Operating and Finance Leases (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Assets:
Operating lease assets	$ 1,372,182	$ 1,247,056
Finance lease assets	12,417	13,334
Total lease assets	1,384,599	1,260,390
Current
Operating lease liabilities	332,222	353,948
Finance lease liabilities	951	1,051
Noncurrent
Operating lease liabilities	1,171,941	1,023,759
Finance lease liabilities	16,287	17,238
Total lease liabilities	$ 1,521,401	$ 1,395,996
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net	Property, plant and equipment, net
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued liabilities	Accrued liabilities
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Current portion of long-term debt	Current portion of long-term debt
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Long-term debt	Long-term debt

LEASES - Schedule of Components

LEASES - Schedule of Components of Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Leases [Abstract]
Operating lease cost	$ 418,716	$ 435,637	$ 454,324
Finance lease cost – amortization of right-of-use assets	917	917	749
Finance lease cost – interest on lease liabilities	486	513	462
Short-term lease cost	22,154	17,602	8,586
Variable lease cost	117,189	98,052	54,460
Impairment	0	4,279	9,177
Gain recognized from sale-leaseback transaction	(13,189)	0	0
Total lease cost	$ 546,273	$ 557,000	$ 527,758

LEASES - Cash Flow Information

LEASES - Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – operating leases	$ 428,443	$ 465,249	$ 425,975
Operating cash flows – finance leases	486	513	552
Financing cash flows – finance leases	1,050	1,023	1,112
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	545,856	205,811	636,613
Finance leases	$ 0	$ 0	$ 0

LEASES - Lease Term and Discoun

LEASES - Lease Term and Discount Rate (Details)	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Weighted average remaining lease term:
Operating leases (in years)	6 years 7 months 6 days	6 years 2 months 1 day	6 years 9 months 7 days
Finance leases (in years)	13 years 6 months 3 days	14 years 6 months 3 days	15 years 6 months
Weighted average discount rate:
Operating leases	2.61%	1.78%	1.80%
Finance leases	2.71%	2.71%	2.71%

LEASES - Schedule of Maturities

LEASES - Schedule of Maturities of Operating and Financing Lease Liabilities (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Operating Leases
2024	$ 362,722
2025	308,822
2026	231,573
2027	188,707
2028	123,066
Thereafter	360,215
Total lease payments	1,575,105
Less: present value adjustment	70,942
Present value of lease liabilities	1,504,163
Finance Leases
2024	1,408
2025	1,536
2026	1,536
2027	1,664
2028	1,536
Thereafter	12,931
Total lease payments	20,611
Less: present value adjustment	3,373
Present value of lease liabilities	17,238	$ 18,289
Total
2024	364,130
2025	310,358
2026	233,109
2027	190,371
2028	124,602
Thereafter	373,146
Total lease payments	1,595,716
Less: present value adjustment	74,315
Total lease liabilities	1,521,401	$ 1,395,996
Lease not yet commenced	$ 73,700
Minimum
Total
Lease not yet commenced, term (in years)	2 years
Maximum
Total
Lease not yet commenced, term (in years)	12 years

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Income taxes receivable and prepaid income taxes	$ 1,004,289	$ 112,006
Computer software, net of accumulated amortization of: March 2023 - $256,414; March 2022 - $284,880	348,739	316,682
Pension assets (Note 16)	183,929	213,820
Investments held for deferred compensation plans (Note 16)	120,423	165,825
Deferred income taxes (Note 19)	95,117	100,980
Deposits	42,746	46,247
Partnership stores and shop-in-shop costs, net of accumulated amortization of: March 2023 - $90,072; March 2022 - $94,872	24,743	31,567
Derivative financial instruments (Note 24)	1,556	7,136
Other investments	27,542	14,358
Deferred line of credit issuance costs	2,689	3,117
Other	50,150	59,399
Other assets	1,901,923	1,071,137
Accumulated amortization	256,414	284,880
Partnership stores, accumulated amortization	$ 90,072	$ 94,872

SHORT-TERM BORROWINGS - Schedul

SHORT-TERM BORROWINGS - Schedule of Short-Term Borrowings (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Debt Disclosure [Abstract]
Commercial paper borrowings	$ 0	$ 330,000
International borrowing arrangements	11,491	5,462
Short-term borrowings	$ 11,491	$ 335,462

SHORT-TERM BORROWINGS - Narrati

SHORT-TERM BORROWINGS - Narrative (Details) - USD ($)	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Short-term Debt [Line Items]
Ratio of consolidated indebtedness to consolidated capitalization, 2023	70%
Ratio of consolidated indebtedness to consolidated capitalization, 2024	65%
Ratio of consolidated indebtedness to consolidated capitalization, thereafter	60%
Commercial paper borrowings	$ 0	$ 330,000,000
Commercial Paper
Short-term Debt [Line Items]
Commercial paper borrowings	0	$ 330,000,000
Weighted average interest rate		0.64%
Global Credit Facility
Short-term Debt [Line Items]
Debt capacity	$ 2,250,000,000
Extension period (in years)	1 year
Remaining life limit (in years)	5 years
Credit facility fee	11%
Ratio of consolidated indebtedness to consolidated capitalization, maximum addback provisions	$ 850,000,000
Credit facility amount available for borrowing	$ 2,200,000,000	$ 1,900,000,000
Global Credit Facility | LIBOR
Short-term Debt [Line Items]
Debt instrument basis spread on variable rate	101.50%
Global Credit Facility | Secure Overnight Financing Rate (SOFR)
Short-term Debt [Line Items]
Debt instrument basis spread on variable rate	0.10%
Global Credit Facility | Letter of Credit
Short-term Debt [Line Items]
Debt capacity	$ 75,000,000
Letter of credit, outstanding	7,700,000	24,300,000
Global Credit Facility | Commercial Paper
Short-term Debt [Line Items]
Debt capacity	2,250,000,000
International Lending Agreements
Short-term Debt [Line Items]
Debt capacity	84,600,000
Letter of credit, outstanding	$ 11,500,000	$ 5,500,000
Weighted average interest rate of international bank borrowings	39.10%	26%

ACCRUED LIABILITIES (Details)

ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Payables and Accruals [Abstract]
Current portion of operating lease liabilities (Note 10)	$ 332,222	$ 353,948
Income taxes	314,465	424,135
Compensation	141,437	227,862
Customer discounts and allowances	220,614	216,823
Other taxes	151,621	157,009
Restructuring (Note 26)	43,121	26,392
Contract liabilities (Note 2)	62,214	71,067
Contingent consideration (Note 23)	0	56,976
Advertising	41,338	54,162
Freight, duties and postage	57,271	52,669
Interest	60,504	52,278
Derivative financial instruments (Note 24)	59,995	24,267
Insurance	15,501	16,871
Product warranty claims (Note 15)	11,308	11,742	$ 13,396
Pension liabilities (Note 16)	20,727	16,927
Deferred compensation (Note 16)	18,936	14,698
Other	122,377	138,066
Accrued liabilities	$ 1,673,651	$ 1,915,892

LONG-TERM DEBT - Schedule of Lo

LONG-TERM DEBT - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Delayed Draw Term Loan Agreement, due December 2024	$ 999,269	$ 0
Finance leases	17,238	18,289
Total long-term debt	6,635,319	5,085,312
Less current portion	924,305	501,051
Long-term debt, due beyond one year	$ 5,711,014	4,584,261
2.050% notes, due April 2022 ("2022 notes") | Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate	2.05%		2.05%
Long-term debt	$ 0	499,910
0.625% notes, due September 2023 ("2023 notes") | Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate	0.625%
Long-term debt	$ 923,354	936,824
2.400% notes, due April 2025 ("2025 notes") | Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate	2.40%
Long-term debt	$ 746,933	745,517
4.125% notes, due March 2026 ("2026 notes") | Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate	4.125%
Long-term debt	$ 539,121	0
2.800% notes, due April 2027 ("2027 notes") | Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate	2.80%
Long-term debt	$ 497,029	496,410
0.250% notes, due February 2028 ("2028 notes") | Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate	0.25%
Long-term debt	$ 538,923	546,516
4.250% notes, due March 2029 ("2029 notes") | Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate	4.25%
Long-term debt	$ 537,809	0
2.950% notes, due April 2030 ("2030 notes") | Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate	2.95%
Long-term debt	$ 744,246	743,528
0.625% notes, due February 2032 ("2032 notes") | Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate	0.625%
Long-term debt	$ 534,763	542,247
6.000% notes, due October 2033 ("2033 notes") | Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate	6%
Long-term debt	$ 271,869	271,505
6.450% notes, due November 2037 ("2037 notes") | Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate	6.45%
Long-term debt	$ 284,765	$ 284,566

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details)		1 Months Ended		3 Months Ended	12 Months Ended
	Apr. 25, 2022 USD ($)	Aug. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($)	Dec. 31, 2022 USD ($) draw	Apr. 01, 2023 USD ($)	Apr. 02, 2022 USD ($)	Apr. 03, 2021 USD ($)	Apr. 01, 2023 EUR (€)
Debt Instrument [Line Items]
Proceeds from long-term debt					$ 2,058,341,000	$ 0	$ 2,996,090,000
Repayments of long-term debt					$ 501,051,000	$ 504,200,000	$ 1,664,000
Redemption price percentage					100%
Senior Notes
Debt Instrument [Line Items]
Cross - acceleration trigger, other note					$ 100,000,000
Repurchase obligation percentage					101%
Delayed Draw Term Loan Agreement | Line of Credit
Debt Instrument [Line Items]
Number of delayed draw term loans | loan		3
Debt capacity		$ 1,000,000,000
Line of credit facility, accordion feature, increase limit		$ 1,100,000,000
Number of draws on credit facility | draw				2
Proceeds from long-term debt				$ 1,000,000,000
Weighted average interest rate					5.73%			5.73%
Delayed Draw Term Loan Agreement | Line of Credit | Secure Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument basis spread on variable rate		0.10%
Delayed Draw Term Loan Agreement | Line of Credit | Secure Overnight Financing Rate (SOFR) | Minimum
Debt Instrument [Line Items]
Debt instrument basis spread on variable rate		0.70%
Delayed Draw Term Loan Agreement | Line of Credit | Secure Overnight Financing Rate (SOFR) | Maximum
Debt Instrument [Line Items]
Debt instrument basis spread on variable rate		0.875%
4.125% notes, due March 2026 ("2026 notes") | Senior Notes
Debt Instrument [Line Items]
Principal balance of notes | €								€ 500,000,000
Debt instrument, stated interest rate					4.125%			4.125%
Additional basis point					0.25%
Redemption price percentage					100%
Redemption period (in months)					1 month
Effective annual interest rate					4.339%			4.339%
4.250% notes, due March 2029 ("2029 notes") | Senior Notes
Debt Instrument [Line Items]
Principal balance of notes | €								€ 500,000,000
Debt instrument, stated interest rate					4.25%			4.25%
Additional basis point					0.30%
Redemption price percentage					100%
Redemption period (in months)					3 months
Effective annual interest rate					4.409%			4.409%
2.050% notes, due April 2022 ("2022 notes") | Senior Notes
Debt Instrument [Line Items]
Principal balance of notes			$ 500,000,000
Debt instrument, stated interest rate			2.05%		2.05%			2.05%
Additional basis point			0.387%
Redemption premium			$ 3,200,000
Write off, issuance cost			$ 500,000
Repayments of long-term debt	$ 500,000,000
6.000% notes, due October 2033 ("2033 notes") | Senior Notes
Debt Instrument [Line Items]
Principal balance of notes					$ 277,000,000
Debt instrument, stated interest rate					6%			6%
Additional basis point					0.15%
Cross - acceleration trigger, other note					$ 50,000,000
Effective annual interest rate					6.19%			6.19%
0.250% notes, due February 2028 ("2028 notes") | Senior Notes
Debt Instrument [Line Items]
Principal balance of notes | €								€ 500,000,000
Debt instrument, stated interest rate					0.25%			0.25%
Additional basis point					0.15%
Redemption price percentage					100%
Redemption period (in months)					2 months
Effective annual interest rate					0.388%			0.388%
0.625% notes, due February 2032 ("2032 notes") | Senior Notes
Debt Instrument [Line Items]
Principal balance of notes | €								€ 500,000,000
Debt instrument, stated interest rate					0.625%			0.625%
Additional basis point					0.15%
Redemption price percentage					100%
Redemption period (in months)					3 months
Effective annual interest rate					0.789%			0.789%
0.625% notes, due September 2023 ("2023 notes") | Senior Notes
Debt Instrument [Line Items]
Principal balance of notes | €								€ 850,000,000
Debt instrument, stated interest rate					0.625%			0.625%
Additional basis point					0.15%
Redemption price percentage					100%
Redemption period (in months)					3 months
Effective annual interest rate					0.712%			0.712%
6.450% notes, due November 2037 ("2037 notes") | Senior Notes
Debt Instrument [Line Items]
Principal balance of notes					$ 286,900,000
Debt instrument, stated interest rate					6.45%			6.45%
Additional basis point					0.25%
Effective annual interest rate					6.57%			6.57%
2.400% notes, due April 2025 ("2025 notes") | Senior Notes
Debt Instrument [Line Items]
Principal balance of notes					$ 750,000,000
Debt instrument, stated interest rate					2.40%			2.40%
Additional basis point					0.35%
Redemption price percentage					100%
Redemption period (in months)					1 month
Effective annual interest rate					2.603%			2.603%
2.800% notes, due April 2027 ("2027 notes") | Senior Notes
Debt Instrument [Line Items]
Principal balance of notes					$ 500,000,000
Debt instrument, stated interest rate					2.80%			2.80%
Additional basis point					0.40%
Redemption price percentage					100%
Redemption period (in months)					2 months
Effective annual interest rate					2.953%			2.953%
2.950% notes, due April 2030 ("2030 notes") | Senior Notes
Debt Instrument [Line Items]
Principal balance of notes					$ 750,000,000
Debt instrument, stated interest rate					2.95%			2.95%
Additional basis point					0.40%
Redemption price percentage					100%
Redemption period (in months)					3 months
Effective annual interest rate					3.071%			3.071%

LONG-TERM DEBT - Scheduled Paym

LONG-TERM DEBT - Scheduled Payments of Long-term Debt (Details) $ in Thousands	Apr. 01, 2023 USD ($)
Notes and Other
2024	$ 923,586
2025	1,000,000
2026	1,293,450
2027	0
2028	1,043,450
Thereafter	2,400,827
Total, notes and other	6,661,313
Less unamortized debt discount	17,869
Less unamortized debt issuance costs	25,363
Total long-term debt	6,618,081
Less current portion	923,354
Long-term debt, due beyond one year	$ 5,694,727

OTHER LIABILITIES - Schedule of

OTHER LIABILITIES - Schedule of Components of Other Liabilities (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Other Liabilities Disclosure [Abstract]
Income taxes	$ 273,955	$ 394,472
Deferred income taxes (Note 19)	107,546	150,401
Deferred compensation (Note 16)	77,428	114,380
Pension liabilities (Note 16)	72,825	111,173
Product warranty claims	41,111	41,745	$ 48,691
Derivative financial instruments (Note 24)	12,658	3,456
Other	65,531	72,809
Other liabilities	$ 651,054	$ 888,436

OTHER LIABILITIES - Schedule _2

OTHER LIABILITIES - Schedule of Product Warranty Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance, beginning of year	$ 53,487	$ 62,087	$ 60,124
Accrual for products sold during the year	11,086	8,815	13,844
Repair or replacement costs incurred and other	(12,024)	(17,025)	(12,386)
Currency translation	(130)	(390)	505
Balance, end of year	52,419	53,487	62,087
Less current portion (Note 13)	11,308	11,742	13,396
Long-term portion	$ 41,111	$ 41,745	$ 48,691

RETIREMENT AND SAVINGS BENEFI_3

RETIREMENT AND SAVINGS BENEFIT PLANS - Narrative (Details) $ in Thousands		12 Months Ended
	Jun. 30, 2022 USD ($) participant	Apr. 01, 2023 USD ($)	Apr. 02, 2022 USD ($)	Apr. 03, 2021 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Percentage of U.S. plan		86%
Projected benefit obligation		83%
Settlement	$ 330,000
Number of participants | participant	17,700
Pension settlement charge		$ 91,800
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Other income (expense), net
Project benefit obligation amortized over five years minimum (as percent)		20%
Number of years amortized (in years)		5 years
Projected benefit obligations amortized over the expected average remaining service of active participants minimum (as percent)		10%
Projected benefit obligations amortized over the expected average remaining service of active participants maximum (as percent)		20%
Plan assets or projected benefit obligations unamortized, maximum percentage		10%
Net amount of projected benefit obligation in excess of plan assets for pension plan		$ 93,600	$ 128,100
Estimated future benefit payments, 2024		78,000
Estimated future benefit payments, 2025		66,500
Estimated future benefit payments, 2026		66,400
Estimated future benefit payments, 2027		69,200
Estimated future benefit payments, 2028		69,000
Estimated future benefit payments, 2029-2033		359,600
VF's current liability to participants of the deferred compensation plans		18,936	14,698
VF's liability to participants of the deferred compensation plans, expected to be paid beyond one year		77,428	114,380
Supplemental Defined Benefit Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Pension settlement charge		1,900	7,500	$ 1,600
Other Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
VF contribution, next fiscal year		30,300
Other Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation plans expense		800	1,300	1,400
Deferred compensation liability, current and noncurrent		96,300
VF's current liability to participants of the deferred compensation plans		18,900
VF's liability to participants of the deferred compensation plans, expected to be paid beyond one year		77,400
Fair value of investments		138,900
Defined contribution plans expense		42,600	$ 42,000	$ 34,500
Other Postretirement Benefit Plans | Other Current Assets
Defined Benefit Plan Disclosure [Line Items]
Fair value of investments		18,500
Other Postretirement Benefit Plans | Other Assets
Defined Benefit Plan Disclosure [Line Items]
Fair value of investments		$ 120,400

RETIREMENT AND SAVINGS BENEFI_4

RETIREMENT AND SAVINGS BENEFIT PLANS - Schedule of Components of Pension Cost and Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Defined Benefit Plan Disclosure [Line Items]
Settlement charges	$ 91,800
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost — benefits earned during the period	10,632	$ 14,288	$ 15,747
Interest cost on projected benefit obligations	44,732	37,534	47,316
Expected return on plan assets	(63,157)	(77,432)	(83,107)
Settlement charges	93,731	7,466	1,584
Curtailments	0	0	920
Amortization of deferred amounts:
Net deferred actuarial losses	16,395	11,310	11,911
Deferred prior service credits	(453)	(440)	(81)
Net periodic pension cost (income)	$ 101,880	$ (7,274)	$ (5,710)
Weighted average actuarial assumptions used to determine pension cost (income):
Discount rate in effect for determining service cost	1.42%	0.46%	1.32%
Discount rate in effect for determining interest cost	4.09%	2.16%	2.82%
Expected long-term return on plan assets	5.24%	4.53%	4.97%
Rate of compensation increase	1.95%	2.01%	2.04%

RETIREMENT AND SAVINGS BENEFI_5

RETIREMENT AND SAVINGS BENEFIT PLANS - Schedule of Reconciliation of Changes in Fair Value of Defined Benefit Plan Assets and Projected Benefit Obligations (Details) - USD ($) $ in Thousands		12 Months Ended
	Jun. 30, 2022	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Projected benefit obligations
Settlement	$ (330,000)
Amounts included in Consolidated Balance Sheets:
Other assets (Note 11)		$ 183,929	$ 213,820
Accrued liabilities (Note 13)		(20,727)	(16,927)
Other liabilities (Note 15)		(72,825)	(111,173)
Pension Plan
Fair value of plan assets
Fair value of plan assets, beginning of period		1,643,435	1,755,414
Actual return on plan assets		(146,068)	(26,855)
VF contributions		22,683	34,035
Participant contributions		5,035	5,026
Settlement		(328,412)	0
Benefits paid		(79,865)	(118,389)
Currency translation		(5,098)	(5,796)
Fair value of plan assets, end of period		1,111,710	1,643,435	$ 1,755,414
Projected benefit obligations
Projected benefit obligations, beginning of period		1,557,715	1,741,710
Service cost		10,632	14,288	15,747
Interest cost		44,732	37,534	47,316
Participant contributions		5,035	5,026
Actuarial gain		(183,536)	(117,214)
Settlement		(328,412)	0
Benefits paid		(79,865)	(118,389)
Plan amendments		(478)	0
Currency translation		(4,490)	(5,240)
Projected benefit obligations, end of period		1,021,333	1,557,715	$ 1,741,710
Funded status, end of period		90,377	85,720
Amounts included in Consolidated Balance Sheets:
Other assets (Note 11)		183,929	213,820
Accrued liabilities (Note 13)		(20,727)	(16,927)
Other liabilities (Note 15)		(72,825)	(111,173)
Funded status		90,377	85,720
Accumulated other comprehensive loss, pretax:
Net deferred actuarial losses		241,864	326,929
Net deferred prior service credits		(4,286)	(4,204)
Total accumulated other comprehensive loss, pretax		237,578	322,725
Accumulated benefit obligations		$ 1,005,159	$ 1,539,593
Weighted average actuarial assumptions used to determine pension obligations:
Discount rate		4.89%	3.65%
Rate of compensation increase		2.15%	1.95%

RETIREMENT AND SAVINGS BENEFI_6

RETIREMENT AND SAVINGS BENEFIT PLANS - Schedule of Components of Pension Plans with an Accumulated Benefit Obligation and Projected Benefit Obligation in Excess of Plan Assets (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Defined Benefit Plan, Pension Plan with Project Benefit Obligation in Excess of Plan Assets [Abstract]
Projected benefit obligations	$ 186,532	$ 213,002
Accumulated benefit obligations	170,357	194,879
Fair value of plan assets	92,980	84,902
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract]
Projected benefit obligations	186,532	213,002
Accumulated benefit obligations	170,357	194,879
Fair value of plan assets	$ 92,980	$ 84,902

RETIREMENT AND SAVINGS BENEFI_7

RETIREMENT AND SAVINGS BENEFIT PLANS - Schedule of Fair Value of Investments Held by Defined Benefit Plan (Details) - Pension Plan - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Defined Benefit Plan Disclosure [Line Items]
Plan assets	$ 1,111,710	$ 1,643,435	$ 1,755,414
Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Plan assets	105,064	91,527
Level 1, 2 and 3 | Cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Plan assets	983	5,761
Level 1, 2 and 3 | U.S. Treasury and government agencies
Defined Benefit Plan Disclosure [Line Items]
Plan assets	3	4
Level 1, 2 and 3 | Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Plan assets	97,429	88,574
Level 1, 2 and 3 | Futures contracts
Defined Benefit Plan Disclosure [Line Items]
Plan assets	6,649	(2,812)
Level 1
Defined Benefit Plan Disclosure [Line Items]
Plan assets	7,632	2,949
Level 1 | Cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Plan assets	983	5,761
Level 1 | U.S. Treasury and government agencies
Defined Benefit Plan Disclosure [Line Items]
Plan assets	0	0
Level 1 | Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Plan assets	0	0
Level 1 | Futures contracts
Defined Benefit Plan Disclosure [Line Items]
Plan assets	6,649	(2,812)
Level 2
Defined Benefit Plan Disclosure [Line Items]
Plan assets	97,432	88,578
Level 2 | Cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Plan assets	0	0
Level 2 | U.S. Treasury and government agencies
Defined Benefit Plan Disclosure [Line Items]
Plan assets	3	4
Level 2 | Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Plan assets	97,429	88,574
Level 2 | Futures contracts
Defined Benefit Plan Disclosure [Line Items]
Plan assets	0	0
Level 3
Defined Benefit Plan Disclosure [Line Items]
Plan assets	0	0
Level 3 | Cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Plan assets	0	0
Level 3 | U.S. Treasury and government agencies
Defined Benefit Plan Disclosure [Line Items]
Plan assets	0	0
Level 3 | Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Plan assets	0	0
Level 3 | Futures contracts
Defined Benefit Plan Disclosure [Line Items]
Plan assets	0	0
Plan assets measured at net asset value
Defined Benefit Plan Disclosure [Line Items]
Plan assets	1,006,646	1,551,908
Plan assets measured at net asset value | Cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Plan assets	118,114	73,849
Plan assets measured at net asset value | Domestic
Defined Benefit Plan Disclosure [Line Items]
Plan assets	34,957	94,844
Plan assets measured at net asset value | International
Defined Benefit Plan Disclosure [Line Items]
Plan assets	51,577	77,468
Plan assets measured at net asset value | Corporate and international bonds
Defined Benefit Plan Disclosure [Line Items]
Plan assets	734,455	1,177,421
Plan assets measured at net asset value | Alternative investments
Defined Benefit Plan Disclosure [Line Items]
Plan assets	$ 67,543	$ 128,326

CAPITAL AND ACCUMULATED OTHER_3

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Narrative (Details) - USD ($)	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Repurchase Agreement Counterparty [Line Items]
Common stock value, purchased		$ 350,004,000
Treasury shares (in shares)	0	0	0
Common stock, par value (in USD per share)	$ 0.25	$ 0.25
Share Repurchase Program
Repurchase Agreement Counterparty [Line Items]
Common stock, shares purchased (in shares)	0	4,800,000	0
Common stock value, purchased		$ 350,000,000

CAPITAL AND ACCUMULATED OTHER_4

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021	Mar. 28, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss)	$ 2,910,713	$ 3,530,355	$ 3,056,164	$ 3,357,334
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss)	(1,019,518)	(926,579)	(1,009,000)	(930,958)
Foreign Currency Translation and Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss)	(859,651)	(751,632)	(700,173)	(737,709)
Defined Benefit Pension Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss)	(167,692)	(230,290)	(257,747)	(262,472)
Derivative Financial Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss)	$ 7,825	$ 55,343	$ (51,080)	$ 69,223

CAPITAL AND ACCUMULATED OTHER_5

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Changes in Accumulated OCI, Net of Related Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 3,530,355	$ 3,056,164	$ 3,357,334
Other comprehensive income (loss) before reclassifications	(81,636)	21,841	(111,473)
Amounts reclassified from accumulated other comprehensive income (loss)	(11,303)	60,580	33,431
Other comprehensive income (loss)	(92,939)	82,421	(78,042)
Ending balance	2,910,713	3,530,355	3,056,164
AOCI Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(926,579)	(1,009,000)	(930,958)
Other comprehensive income (loss)	(92,939)	82,421	(78,042)
Ending balance	(1,019,518)	(926,579)	(1,009,000)
Foreign Currency Translation and Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(751,632)	(700,173)	(737,709)
Other comprehensive income (loss) before reclassifications	(108,019)	(51,459)	(4,828)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	42,364
Other comprehensive income (loss)	(108,019)	(51,459)	37,536
Ending balance	(859,651)	(751,632)	(700,173)
Defined Benefit Pension Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(230,290)	(257,747)	(262,472)
Other comprehensive income (loss) before reclassifications	(18,596)	13,547	(6,197)
Amounts reclassified from accumulated other comprehensive income (loss)	81,194	13,910	10,922
Other comprehensive income (loss)	62,598	27,457	4,725
Ending balance	(167,692)	(230,290)	(257,747)
Derivative Financial Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	55,343	(51,080)	69,223
Other comprehensive income (loss) before reclassifications	44,979	59,753	(100,448)
Amounts reclassified from accumulated other comprehensive income (loss)	(92,497)	46,670	(19,855)
Other comprehensive income (loss)	(47,518)	106,423	(120,303)
Ending balance	$ 7,825	$ 55,343	$ (51,080)

CAPITAL AND ACCUMULATED OTHER_6

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Reclassification Out of Accumulated OCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	$ (119,774)	$ 26,154	$ (24,659)
Net revenues	11,612,475	11,841,840	9,238,830
Cost of goods sold	(5,515,796)	(5,386,393)	(4,370,780)
Selling, general and administrative expenses	(5,033,977)	(4,823,243)	(4,240,058)
Interest expense	(174,390)	(136,469)	(135,655)
Total before tax	43,287	1,523,250	456,472
Tax (expense) benefit	75,297	(306,981)	(101,566)
Income from continuing operations	118,584	1,216,269	354,906
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income from continuing operations	11,303	(60,580)	(33,431)
Reclassification out of Accumulated Other Comprehensive Income | Foreign Currency Translation and Other
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	0	0	(42,364)
Total before tax	0	0	(42,364)
Tax (expense) benefit	0	0	0
Income from continuing operations	0	0	(42,364)
Reclassification out of Accumulated Other Comprehensive Income | Defined Benefit Pension Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	(109,673)	(18,336)	(14,334)
Tax (expense) benefit	28,479	4,426	3,412
Income from continuing operations	(81,194)	(13,910)	(10,922)
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	(16,395)	(11,310)	(11,911)
Reclassification out of Accumulated Other Comprehensive Income | Deferred prior service credits
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	453	440	81
Reclassification out of Accumulated Other Comprehensive Income | Pension settlement charges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	(93,731)	(7,466)	(1,584)
Reclassification out of Accumulated Other Comprehensive Income | Pension curtailment losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	0	0	(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	110,160	(54,326)	24,848
Tax (expense) benefit	(17,663)	7,656	(4,993)
Income from continuing operations	92,497	(46,670)	19,855
Reclassification out of Accumulated Other Comprehensive Income | Gains (losses) on derivative financial instruments: | Foreign exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	(10,365)	(219)	(137)
Net revenues	(6,843)	(27,382)	2,596
Cost of goods sold	120,438	(26,346)	19,485
Selling, general and administrative expenses	6,695	(487)	2,797
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	$ 235	$ 108	$ 107

STOCK-BASED COMPENSATION - Sche

STOCK-BASED COMPENSATION - Schedule of Total Stock-Based Compensation Cost and Associated Income Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Share-Based Payment Arrangement [Abstract]
Stock-based compensation cost	$ 60,354	$ 91,358	$ 70,823
Income tax benefits	$ 13,714	$ 21,917	$ 17,373

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost related to nonvested stock-based compensation	$ 67.3
Total unrecognized compensation cost related to nonvested stock-based compensation, period of recognition (in years)	1 year 6 months
Shares available for future grant (in shares)	19,070,828
Share based compensation vesting period (in years)	3 years
Award expiration period from grant date (in years)	10 years
Total fair value of stock option vested	$ 23.2	$ 16.6	$ 15.5
Total intrinsic value of stock options exercised	$ 0.4	$ 22.9	$ 44.9
Performance-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period, years	3 years	3 years
Baseline profitability goal period	3 years
Grant date fair value of each restricted units granted (in USD per share)	$ 45.23	$ 89.65	$ 70.88
Total market value of awards outstanding	$ 19.8
Share earned in period (in shares)		92,848	135,562
Market value of shares vested		$ 4.4	$ 11.6
Performance-Based RSUs | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of common stock to be issued for each restricted stock unit granted (in shares)	0
Performance-Based RSUs | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of common stock to be issued for each restricted stock unit granted (in shares)	2
TSR Adjustment Performance-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period, years	3 years	3 years	3 years
Percentage, revenue growth	50%	50%	50%
Percentage, TSR	50%	50%	50%
Percentage of targets award adjusted to actual number of shares earned	25%
Grant date fair value of each restricted units granted (in USD per share)	$ 3.46	$ 101.56	$ 81.60
Nonperformance-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period (in years)	4 years
Grant date fair value of each restricted units granted (in USD per share)	$ 38.31	$ 75.29	$ 63.99
Total market value of awards outstanding	$ 36.2
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of each restricted units granted (in USD per share)	$ 35.72
Share earned in period (in shares)	377,702
Market value of shares vested	$ 11.1	$ 5	$ 27.9
Fair value of restricted stock	$ 13.7
Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period (in years)	4 years
Non employee Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted period of time options become exercisable (in years)	1 year
Non employee Board of Directors | Nonperformance-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award expiration period from grant date (in years)	1 year
Number of shares of common stock to be issued for each restricted stock unit granted (in shares)	1

STOCK-BASED COMPENSATION - Sc_2

STOCK-BASED COMPENSATION - Schedule of Assumption Used and Resulting Weighted Average Fair Value of Stock Option Granted (Details) - $ / shares	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum	30%	28%	28%
Expected volatility, maximum	46%	41%	48%
Weighted average expected volatility	39%	36%	37%
Weighted average dividend yield	2.90%	2.60%	2.40%
Risk-free interest rate, minimum	1.53%	0.04%	0.07%
Risk-free interest rate, maximum	4.89%	1.81%	1.11%
Weighted average fair value at date of grant (in USD per share)	$ 13.46	$ 20.17	$ 15.81
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 years	6 years 1 month 6 days	6 years 2 months 12 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	7 years 9 months 18 days	7 years 10 months 24 days	8 years

STOCK-BASED COMPENSATION - Sc_3

STOCK-BASED COMPENSATION - Schedule of Stock Option Activity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Apr. 01, 2023 USD ($) $ / shares shares
Number of Shares
Outstanding, beginning balance (in shares) | shares	8,047,657
Granted (in shares) | shares	2,478,515
Exercised (in shares) | shares	(53,567)
Forfeited/cancelled (in shares) | shares	(1,421,277)
Outstanding, ending balance (in shares) | shares	9,051,328
Exercisable (in shares) | shares	5,973,499
Weighted Average Exercise Price
Outstanding, beginning balance (in USD per share) | $ / shares	$ 66.04
Granted (in USD per share) | $ / shares	45.10
Exercised (in USD per share) | $ / shares	42.57
Forfeited/cancelled (in USD per share) | $ / shares	53.48
Outstanding, ending balance (in USD per share) | $ / shares	62.42
Exercisable (in USD per share) | $ / shares	$ 66.08
Options outstanding, weighted average remaining contractual term (years)	6 years 2 months 12 days
Options exercisable, weighted average remaining contractual term (years)	5 years
Options outstanding, aggregate intrinsic value | $	$ 0
Options exercisable, aggregate intrinsic value | $	$ 0

STOCK-BASED COMPENSATION - Sc_4

STOCK-BASED COMPENSATION - Schedule of RSU Activity (Details) - $ / shares	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Performance-based
Number Outstanding (a)
Nonvested shares, beginning balance (in shares)	912,963
Granted (in shares)	364,192
Issued as Common Stock (in shares)	(248,203)
Forfeited/cancelled/modifications (in shares)	(165,024)
Nonvested shares, ending balance (in shares)	863,928	912,963
Vested (in shares)	551,338
Weighted Average Grant Date Fair Value
Nonvested shares, beginning balance (in USD per share)	$ 80.75
Granted (in USD per share)	45.23	$ 89.65	$ 70.88
Issued as Common Stock (in USD per share)	84.27
Forfeited/cancelled/modifications (in USD per share)	53.78
Nonvested shares, ending balance (in USD per share)	69.92	$ 80.75
Vested (in USD per share)	$ 72.68
Nonperformance-based
Number Outstanding (a)
Nonvested shares, beginning balance (in shares)	901,956
Granted (in shares)	1,103,228
Issued as Common Stock (in shares)	(207,011)
Forfeited/cancelled/modifications (in shares)	(220,133)
Nonvested shares, ending balance (in shares)	1,578,040	901,956
Vested (in shares)	112,197
Weighted Average Grant Date Fair Value
Nonvested shares, beginning balance (in USD per share)	$ 71.42
Granted (in USD per share)	38.31	$ 75.29	$ 63.99
Issued as Common Stock (in USD per share)	64.42
Forfeited/cancelled/modifications (in USD per share)	59.46
Nonvested shares, ending balance (in USD per share)	50.85	$ 71.42
Vested (in USD per share)	$ 67.09

STOCK-BASED COMPENSATION - Sc_5

STOCK-BASED COMPENSATION - Schedule of Restricted Stock Activity (Details) - Restricted Stock	12 Months Ended
	Apr. 01, 2023 $ / shares shares
Number Outstanding (a)
Nonvested shares, beginning balance (in shares) | shares	854,410
Granted (in shares) | shares	125,981
Dividend equivalents (in shares) | shares	15,587
Vested (in shares) | shares	(377,702)
Forfeited (in shares) | shares	(20,141)
Nonvested shares, ending balance (in shares) | shares	598,135
Weighted Average Grant Date Fair Value
Nonvested shares, beginning balance (in USD per share) | $ / shares	$ 79.43
Granted (in USD per share) | $ / shares	35.72
Dividend equivalents (in USD per share) | $ / shares	30.52
Vested (in USD per share) | $ / shares	82.99
Forfeited (in USD per share) | $ / shares	65.30
Nonvested shares, ending balance (in USD per share) | $ / shares	$ 67.17

INCOME TAXES - Schedule of Prov

INCOME TAXES - Schedule of Provision for Income Taxes, Income Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Income Tax Disclosure [Abstract]
Domestic	$ (885,562)	$ 518,386	$ (152,073)
Foreign	928,849	1,004,864	608,545
Income from continuing operations before income taxes	$ 43,287	$ 1,523,250	$ 456,472

INCOME TAXES - Schedule of Pr_2

INCOME TAXES - Schedule of Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Current:
Federal	$ (114,772)	$ 231,469	$ 6,373
Foreign	106,192	196,540	109,543
State	(13,163)	36,461	25,462
Total current income tax expense (benefit)	(21,743)	464,470	141,378
Deferred:
Federal and state	(46,677)	(177,381)	(24,133)
Foreign	(6,877)	19,892	(15,679)
Total deferred income tax expense (benefit)	(53,554)	(157,489)	(39,812)
Income tax expense (benefit)	$ (75,297)	$ 306,981	$ 101,566

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) $ / shares in Units, $ in Thousands, € in Millions		3 Months Ended	12 Months Ended
	Oct. 19, 2022 USD ($)	Apr. 02, 2022 USD ($)	Apr. 01, 2023 USD ($) $ / shares	Apr. 02, 2022 USD ($) $ / shares	Apr. 03, 2021 USD ($) $ / shares	Mar. 28, 2020 USD ($)	Dec. 31, 2018 EUR (€)
Operating Loss Carryforwards [Line Items]
Tax expense (benefit)			$ (94,877)	$ 67,358	$ 0	$ (93,600)
Net tax expense		$ 67,400	1,444	(3,905)	(307)
Tax Cuts and Jobs Act, transition tax			113,000
Effective income tax rate reconciliation, tax cuts and jobs act, amount			94,900
Tax settlement			10,600	2,200	3,600
Undistributed earnings of international subsidiaries			346,000
Potential tax benefits for federal capital loss carryforwards, foreign operations			295,400
Portion of foreign operating loss carry forwards with unlimited carry forward life			106,000
Net decrease in valuation allowance related to state operating loss and carryforwards			5,600
Net increase in valuation allowance related to foreign carryforwards and other deferred tax asset			196,600
Valuation allowance for basis difference on assets held for sale		616,533	424,932	616,533
Net unrecognized tax benefits including interest and penalties if recognized, would reduce the annual effective tax rate		$ 277,781	297,602	277,781
Payments for Legal Settlements	$ 875,700
Possible decrease in unrecognized income tax benefits			281,400
Reduction in income tax expenses			23,700
Capital Loss Carryforward
Operating Loss Carryforwards [Line Items]
Capital loss carryforwards, valuation allowance			151,500
Valuation allowance increase			600
Tax Year 2023
Operating Loss Carryforwards [Line Items]
Federal operating loss carry forwards			166,600
Other Foreign
Operating Loss Carryforwards [Line Items]
Foreign jurisdiction income tax reduction			$ 57,800	$ 400	$ 3,800
Income tax reduction per diluted share (in USD per share) | $ / shares			$ 0.15	$ 0	$ 0.01
Operating loss carry forwards valuation allowance			$ 900
State
Operating Loss Carryforwards [Line Items]
Operating loss carry forwards valuation allowance			10,000
State | Tax Year 2023 to 2041
Operating Loss Carryforwards [Line Items]
Federal operating loss carry forwards			20,500
Foreign
Operating Loss Carryforwards [Line Items]
Operating loss carry forwards valuation allowance			$ 262,500
Belgium tax authority | VF Europe BVBA | Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Tax and interest related to excess profits | €							€ 35

INCOME TAXES - Schedule of Diff

INCOME TAXES - Schedule of Differences Between Income Taxes Computed by Applying Statutory Federal Income Tax Rate and Income Tax Expense reported In Consolidated Financial Statements (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 02, 2022	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021	Mar. 28, 2020
Income Tax Disclosure [Abstract]
Tax at federal statutory rate		$ 9,090	$ 319,882	$ 95,859
State income taxes, net of federal tax benefit		(17,301)	16,641	13,771
Foreign rate differences		(38,609)	(62,928)	(5,605)
Tax reform		(94,877)	67,358	0	$ (93,600)
Goodwill impairment		74,624	0	2,631
Stock compensation (federal)		2,304	(1,977)	(4,783)
Non-taxable contingent consideration adjustments		0	(28,090)	0
Interest on tax receivable		(11,972)	0	0
Other	$ 67,400	1,444	(3,905)	(307)
Income tax expense (benefit)		$ (75,297)	$ 306,981	$ 101,566

INCOME TAXES - Schedule of Defe

INCOME TAXES - Schedule of Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Deferred income tax assets:
Inventories	$ 74,395	$ 38,661
Deferred compensation	24,557	32,349
Other employee benefits	0	16,870
Stock compensation	27,589	27,610
Operating lease liabilities	361,676	327,668
Other accrued expenses	109,050	105,978
Interest expense limitation carryforward	3,932	1,711
Capital loss carryforwards	166,587	166,622
Operating loss and credit carryforwards	331,167	539,157
Gross deferred income tax assets	1,098,953	1,256,626
Valuation allowances	(424,932)	(616,533)
Net deferred income tax assets	674,021	640,093
Deferred income tax liabilities:
Depreciation	26,303	10,768
Intangible assets	277,473	361,182
Operating lease right-of-use assets	330,235	295,227
Other employee benefits	3,707	0
Other deferred tax liabilities	48,732	22,337
Deferred income tax liabilities	686,450	689,514
Net deferred income tax liabilities	(12,429)	(49,421)
Amounts included in the Consolidated Balance Sheets:
Other assets (Note 11)	95,117	100,980
Other liabilities (Note 15)	(107,546)	(150,401)
Net deferred income tax liabilities	$ (12,429)	$ (49,421)

INCOME TAXES - Schedule of Reco

INCOME TAXES - Schedule of Reconciliation of Change in Accrual for Unrecognized Income Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning Balance	$ 403,960	$ 261,151	$ 215,335
Additions for current year tax positions	22,319	28,098	6,609
Additions for prior year tax positions	33,901	145,492	29,014
Reductions for prior year tax positions	(4,698)	(1,427)	(3,472)
Reductions due to statute expirations	(17,068)	(6,643)	(977)
Payments in settlement	(5,455)	(22,008)	(4,114)
Additions due to acquisitions			18,739
Decrease due to divestiture		(846)
Currency translation	(182)
Currency translation		143	17
Ending Balance	432,777	403,960	261,151
Unrecognized Income Tax Benefits
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning Balance	335,662	223,010	184,723
Additions for current year tax positions	22,319	28,098	6,609
Additions for prior year tax positions	13,324	112,850	20,950
Reductions for prior year tax positions	(3,747)	(895)	(2,073)
Reductions due to statute expirations	(15,369)	(5,803)	(761)
Payments in settlement	(3,847)	(21,278)	(3,464)
Additions due to acquisitions			17,066
Decrease due to divestiture		(506)
Currency translation	(172)		(40)
Currency translation		186
Ending Balance	348,170	335,662	223,010
Accrued Interest and Penalties
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning Balance	68,298	38,141	30,612
Additions for current year tax positions	0	0	0
Additions for prior year tax positions	20,577	32,642	8,064
Reductions for prior year tax positions	(951)	(532)	(1,399)
Reductions due to statute expirations	(1,699)	(840)	(216)
Payments in settlement	(1,608)	(730)	(650)
Additions due to acquisitions			1,673
Decrease due to divestiture		(340)
Currency translation	(10)	(43)
Currency translation			57
Ending Balance	$ 84,607	$ 68,298	$ 38,141

INCOME TAXES - Schedule of Amou

INCOME TAXES - Schedule of Amounts Included in Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021	Mar. 28, 2020
Income Tax Disclosure [Abstract]
Unrecognized income tax benefits, including interest and penalties	$ 432,777	$ 403,960	$ 261,151	$ 215,335
Less deferred tax benefits	135,175	126,179
Total unrecognized tax benefits	$ 297,602	$ 277,781

REPORTABLE SEGMENT INFORMATIO_2

REPORTABLE SEGMENT INFORMATION - Schedule of Financial Information for Reportable Segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Segment Reporting Information [Line Items]
Net revenues	$ 11,612,475	$ 11,841,840	$ 9,238,830
Segment profit (loss):	327,693	1,632,204	607,631
Impairment of goodwill and indefinite-lived intangible assets	(735,009)	0	(12,400)
Loss on debt extinguishment	0	(3,645)	0
Income from continuing operations before income taxes	43,287	1,523,250	456,472
Impairment charges related to definite-lived intangible assets			$ 8,000
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]			Impairment of goodwill and intangible assets
Operating Segments
Segment Reporting Information [Line Items]
Net revenues	11,612,475	11,841,840	$ 9,238,830
Segment profit (loss):	1,560,743	1,968,175	1,012,410
Operating Segments | Outdoor
Segment Reporting Information [Line Items]
Net revenues	5,647,526	5,327,568	4,127,601
Segment profit (loss):	785,431	795,523	342,212
Operating Segments | Active
Segment Reporting Information [Line Items]
Net revenues	4,904,622	5,380,338	4,160,856
Segment profit (loss):	654,691	979,746	648,467
Operating Segments | Work
Segment Reporting Information [Line Items]
Net revenues	1,060,179	1,133,149	945,680
Segment profit (loss):	121,157	193,492	27,141
Other
Segment Reporting Information [Line Items]
Net revenues	148	785	4,693
Segment profit (loss):	(536)	(586)	(5,410)
Interest expense, net	(164,632)	(131,463)	(126,500)
Corporate and other expenses
Segment Reporting Information [Line Items]
Corporate and other expenses	$ (617,815)	$ (309,817)	$ (417,038)

REPORTABLE SEGMENT INFORMATIO_3

REPORTABLE SEGMENT INFORMATION - Schedule of Reconciliation Assets (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	$ 13,990,488	$ 13,342,208
Cash and equivalents	814,887	1,275,943	$ 815,750
Property, plant and equipment, net	942,440	1,041,777
Intangible assets and goodwill	4,621,234	5,394,158
Operating lease right-of-use assets	1,372,182	1,247,056
Other assets	1,901,923	1,071,137
Consolidated assets	13,990,488	13,342,208
Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	3,903,085	2,886,515
Consolidated assets	3,903,085	2,886,515
Operating Segments | Outdoor
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	1,936,090	1,307,244
Consolidated assets	1,936,090	1,307,244
Operating Segments | Active
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	1,341,142	1,110,691
Consolidated assets	1,341,142	1,110,691
Operating Segments | Work
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	610,798	436,765
Consolidated assets	610,798	436,765
Other
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	15,055	31,815
Other assets	2,336,660	1,496,759
Consolidated assets	$ 15,055	$ 31,815

REPORTABLE SEGMENT INFORMATIO_4

REPORTABLE SEGMENT INFORMATION - Schedule of Reconciliation of Capital Expenditures and Depreciation and Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	$ 262,324	$ 266,935	$ 269,081
Operating Segments | Outdoor
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	94,448	95,860	94,841
Operating Segments | Active
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	81,106	87,235	80,245
Operating Segments | Work
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	12,524	14,439	20,785
Corporate and other expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	$ 74,246	$ 69,401	$ 73,210

REPORTABLE SEGMENT INFORMATIO_5

REPORTABLE SEGMENT INFORMATION - Schedule of Supplemental Information (with Revenues by Geographic Area Based on Location of Customer) (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Segment Reporting Information [Line Items]
Net revenues	$ 11,612,475	$ 11,841,840	$ 9,238,830
Property, plant and equipment, net	942,440	1,041,777
U.S.
Segment Reporting Information [Line Items]
Net revenues	6,043,359	6,178,300	4,635,704
Property, plant and equipment, net	707,035	716,952
Foreign
Segment Reporting Information [Line Items]
Net revenues	5,569,116	5,663,540	$ 4,603,126
Property, plant and equipment, net	$ 235,405	$ 324,825

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)		12 Months Ended
	Oct. 19, 2022	Apr. 01, 2023
Commitments and Contingencies Disclosure [Abstract]
Payments for purchase commitments 2024		$ 2,200,000,000
Payments for purchase commitments 2025		68,100,000
Payments for purchase commitments 2026		100,000
Payments for purchase commitments thereafter		0
Future payments under purchase commitments 2024		160,400,000
Future payments under purchase commitments 2025		68,200,000
Future payments under purchase commitments 2026		54,300,000
Future payments under purchase commitments 2027		32,700,000
Future payments under purchase commitments 2028		3,500,000
Future payments under purchase commitments thereafter		0
Surety bonds, standby letters of credit and international bank guarantees		110,900,000
Payments for Legal Settlements	$ 875,700,000
Estimate of possible loss		730,000,000
Income tax examination, tax and interest accrued		$ 12,000,000

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Earnings per common share - basic
Income from continuing operations	$ 118,584	$ 1,216,269	$ 354,906
Weighted average common shares outstanding (in shares)	387,763	390,291	389,655
Earnings per share from continuing operations, basic (in USD per share)	$ 0.31	$ 3.12	$ 0.91
Earnings per share — diluted:
Income from continuing operations	$ 118,584	$ 1,216,269	$ 354,906
Weighted average common shares outstanding (in shares)	387,763	390,291	389,655
Incremental shares from stock options and other dilutive securities (in shares)	607	2,120	2,466
Adjusted weighted average common shares outstanding (in shares)	388,370	392,411	392,121
Earnings per share from continuing operations (in USD per share)	$ 0.31	$ 3.10	$ 0.91

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - shares shares in Millions	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options excluded from computation of earnings per share (in shares)	9.3	3.2	3.4
Performance-based
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options excluded from computation of earnings per share (in shares)	0.6	0.5	0.6

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Classes of Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Financial assets:
Derivative financial instruments	$ 49,688	$ 79,046
Deferred compensation	99,200	125,323
Financial liabilities:
Derivative financial instruments	72,653	27,723
Deferred compensation	96,364	129,078
Contingent consideration		56,976
Level 1
Financial assets:
Derivative financial instruments	0	0
Deferred compensation	99,200	125,323
Financial liabilities:
Derivative financial instruments	0	0
Deferred compensation	0	0
Contingent consideration		0
Level 2
Financial assets:
Derivative financial instruments	49,688	79,046
Deferred compensation	0	0
Financial liabilities:
Derivative financial instruments	72,653	27,723
Deferred compensation	96,364	129,078
Contingent consideration		0
Level 3
Financial assets:
Derivative financial instruments	0	0
Deferred compensation	0	0
Financial liabilities:
Derivative financial instruments	0	0
Deferred compensation	0	0
Contingent consideration		56,976
Money market funds
Financial assets:
Cash equivalents:	418,304	324,868
Money market funds | Level 1
Financial assets:
Cash equivalents:	418,304	324,868
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:	21,233	1,100
Time deposits | Level 1
Financial assets:
Cash equivalents:	21,233	1,100
Time deposits | Level 2
Financial assets:
Cash equivalents:	0	0
Time deposits | Level 3
Financial assets:
Cash equivalents:	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Sch_2

FAIR VALUE MEASUREMENTS - Schedule of Contingent Consideration Liability Designated as Level 3 (Details) - Contingent Consideration - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 56,976	$ 207,000
Change in fair value	0	(150,024)
Cash payout	(56,976)	0
Ending balance	$ 0	$ 56,976

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($)		3 Months Ended		12 Months Ended
	Dec. 28, 2020	Apr. 01, 2023	Oct. 01, 2022	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration					$ 56,976,000
Long-term debt, carrying values		$ 6,635,319,000		$ 6,635,319,000	5,085,312,000
Long-term debt, fair values		6,244,400,000		6,244,400,000	5,042,500,000
Impairment charges for property, plant and equipment				3,000,000	6,400,000	$ 14,800,000
Goodwill impairment charges				$ 394,131,000	0	0
Impairment of indefinite lived intangible assets					0	20,400,000
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]				Impairment of goodwill and intangible assets
Goodwill		1,978,413,000		$ 1,978,413,000	2,393,807,000	$ 2,425,427,000
Supreme
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill impairment charges		165,100,000	$ 229,000,000
Impairment of indefinite lived intangible assets		148,000,000	$ 192,900,000	340,900,000
Goodwill		825,900,000		825,900,000
Indefinite lived intangible assets, excluding goodwill		$ 852,000,000		$ 852,000,000
Supreme
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Earn out period for contingent consideration (in years)	1 year
Contingent consideration arrangement, low value	$ 0
Contingent consideration arrangement, high value	300,000,000
Contingent consideration liability	$ 207,000,000
Contingent consideration					$ 57,000,000

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Narrative (Details) $ in Thousands	12 Months Ended
	Apr. 01, 2023 USD ($)	Apr. 02, 2022 USD ($)	Apr. 03, 2021 USD ($)	Apr. 01, 2023 EUR (€)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	$ 110,160	$ (54,326)	$ 24,848
Net pretax deferred losses for foreign currency exchange contracts that are expected to be reclassified to earnings during next 12 months	27,800
Net Investment Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount | €				€ 2,850,000,000
Gain (loss) on derivative used in net investment hedge	$ 5,200	99,500	$ (91,500)
Maximum
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative contract maturity (up to)	20 months
Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 3,400,000	$ 2,900,000
Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 500,000

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Outstanding Derivatives on Individual Contract Basis at Gross Amounts (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative financial instruments	$ 49,688	$ 79,046
Derivative Liability	(72,653)	(27,723)
Derivatives Designated as Hedging Instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative financial instruments	46,752	79,046
Derivative Liability	(72,192)	(27,678)
Derivatives Designated as Hedging Instruments | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative financial instruments	46,752	79,046
Derivative Liability	(71,052)	(27,678)
Derivatives Designated as Hedging Instruments | Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative financial instruments	0	0
Derivative Liability	(1,140)	0
Derivatives Not Designated as Hedging Instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative financial instruments	2,936	0
Derivative Liability	$ (461)	$ (45)

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Fair Value of Derivative Assets and Liabilities in Balance Sheet (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Derivative Asset
Gross amounts presented in the Consolidated Balance Sheets	$ 49,688	$ 79,046
Gross amounts not offset in the Consolidated Balance Sheets	(26,470)	(18,721)
Net amounts	23,218	60,325
Derivative Liability
Gross amounts presented in the Consolidated Balance Sheets	(72,653)	(27,723)
Gross amounts not offset in the Consolidated Balance Sheets	26,470	18,721
Net amounts	$ (46,183)	$ (9,002)

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Derivatives Classified as Current or Noncurrent Based on Maturity Dates (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Apr. 02, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other current assets, Other assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accrued liabilities, Other liabilities
Derivative Asset	$ 49,688	$ 79,046
Derivative Liability	(72,653)	(27,723)
Other Current Assets | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	48,132	71,910
Accrued liabilities | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liability	(59,995)	(24,267)
Other Assets | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	1,556	7,136
Other liabilities | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liability	(11,518)	(3,456)
Other liabilities | Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liability	$ (1,140)	$ 0

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Effects of Cash Flow Hedging included in Consolidated Statements of Income and Consolidated Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in OCI	$ 53,533	$ 71,494	$ (122,244)
Gain (Loss) Reclassified from Accumulated OCI into Income	110,160	(54,326)	24,848
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in OCI	54,546	71,494	(122,244)
Foreign exchange contracts | Net revenues
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	(6,843)	(27,382)	2,596
Foreign exchange contracts | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	120,438	(26,346)	19,485
Foreign exchange contracts | Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	6,695	(487)	2,797
Foreign exchange contracts | Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	(10,365)	(219)	(137)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in OCI	(1,013)	0	0
Interest rate contracts | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income	$ 235	$ 108	$ 107

SUPPLEMENTAL CASH FLOW INFORM_3

SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Property, Plant and Equipment [Line Items]
Income taxes paid, net of refunds	$ 1,113,940	$ 263,733	$ 188,271
Interest paid, net of amounts capitalized	160,272	123,476	89,807
Computer Software
Noncash transactions:
Expenditures included in accounts payable or accrued liabilities	28,519	33,997	25,848
Property, plant and equipment, net
Noncash transactions:
Expenditures included in accounts payable or accrued liabilities	$ 44,151	$ 45,235	$ 39,774

RESTRUCTURING - Narrative (Deta

RESTRUCTURING - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 75,738	$ 20,002	$ 119,006
Restructuring reserve	45,266	26,851	66,754
Accrued Current Liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	43,100
Other Noncurrent Liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	2,200
Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	70,900	18,300	75,100
Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 4,800	$ 1,700	$ 43,900

RESTRUCTURING - Schedule of Com

RESTRUCTURING - Schedule of Components of Restructuring Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Restructuring and Related Activities [Abstract]
Severance and employee-related benefits	$ 57,433	$ 12,283	$ 64,972
Asset impairments	0	0	23,087
Accelerated depreciation	8,016	7,016	11,266
Inventory write-downs	0	0	10,658
Contract termination and other	10,289	703	9,023
Total restructuring charges	$ 75,738	$ 20,002	$ 119,006

RESTRUCTURING - Restructuring b

RESTRUCTURING - Restructuring by Business Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 75,738	$ 20,002	$ 119,006
Operating Segments | Outdoor
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,088	4,523	14,081
Operating Segments | Active
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,478	1,008	20,958
Operating Segments | Work
Restructuring Cost and Reserve [Line Items]
Restructuring charges	9	2,315	31,907
Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 73,163	$ 12,156	$ 52,060

RESTRUCTURING - Schedule of Act

RESTRUCTURING - Schedule of Activity in Restructuring Accrual (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Restructuring Reserve [Roll Forward]
Accrual, Period Start	$ 26,851	$ 66,754
Charges	62,623	12,986
Cash payments and settlements	(41,683)	(49,580)
Adjustments to accruals	(3,196)	(2,967)
Impact of foreign currency	671	(342)
Accrual, Period End	45,266	26,851
Severance
Restructuring Reserve [Roll Forward]
Accrual, Period Start	25,640	59,810
Charges	57,433	12,283
Cash payments and settlements	(41,338)	(43,886)
Adjustments to accruals	(3,236)	(2,320)
Impact of foreign currency	222	(247)
Accrual, Period End	38,721	25,640
Other
Restructuring Reserve [Roll Forward]
Accrual, Period Start	1,211	6,944
Charges	5,190	703
Cash payments and settlements	(345)	(5,694)
Adjustments to accruals	40	(647)
Impact of foreign currency	449	(95)
Accrual, Period End	$ 6,545	$ 1,211

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details)	May 16, 2023 $ / shares
Subsequent Event | Dividend Declared
Subsequent Event [Line Items]
Cash dividend (in USD per share)	$ 0.30

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Apr. 03, 2021
Allowance for doubtful accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 27,959	$ 33,654	$ 37,099
Charged to costs and expenses	3,532	(716)	20,673
Charged to other accounts	0	0	0
Deductions	3,416	4,979	24,118
Balance at End of Period	28,075	27,959	33,654
Valuation allowance for deferred income tax assets
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	616,533	500,601	172,912
Charged to costs and expenses	0	0	0
Charged to other accounts	0	115,932	327,689
Deductions	191,601	0	0
Balance at End of Period	$ 424,932	$ 616,533	$ 500,601