V.F. (VFC) 10-Q 7 Feb 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Dec. 30, 2023	Jan. 27, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 30, 2023
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		388,815,956
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000103379
Current Fiscal Year End Date	--03-30
Common Stock, without par value, stated capital, $0.25 per share
Document Information [Line Items]
Title of 12(b) Security	Common Stock, without par value, stated capital, $0.25 per share
Trading Symbol	VFC
Security Exchange Name	NYSE
4.125% Senior Notes due 2026
Document Information [Line Items]
Title of 12(b) Security	4.125% Senior Notes due 2026
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
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
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
Trading Symbol	VFC32
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 30, 2023	Apr. 01, 2023	Dec. 31, 2022
Current assets
Cash and equivalents	$ 988,006	$ 814,887	$ 571,347
Accounts receivable, less allowance for doubtful accounts of: December 2023 - $30,011; March 2023 - $28,075; December 2022 - $29,087	1,314,139	1,610,295	1,564,957
Inventories	2,148,219	2,292,790	2,591,915
Other current assets	485,562	434,737	515,763
Total current assets	4,935,926	5,152,709	5,243,982
Property, plant and equipment, net	913,384	942,440	932,663
Intangible assets, net	2,636,745	2,642,821	2,790,512
Goodwill	1,723,638	1,978,413	2,142,401
Operating lease right-of-use assets	1,314,306	1,372,182	1,293,041
Other assets	1,092,475	1,901,923	1,910,698
TOTAL ASSETS	12,616,474	13,990,488	14,313,297
Current liabilities
Short-term borrowings	452,286	11,491	901,668
Current portion of long-term debt	1,000,596	924,305	910,616
Accounts payable	974,844	936,319	906,340
Accrued liabilities	1,569,557	1,673,651	1,827,610
Total current liabilities	3,997,283	3,545,766	4,546,234
Long-term debt	4,755,252	5,711,014	4,617,441
Operating lease liabilities	1,133,749	1,171,941	1,068,744
Other liabilities	620,997	651,054	761,246
Total liabilities	10,507,281	11,079,775	10,993,665
Commitments and contingencies
Stockholders’ equity
Preferred Stock, par value $1; shares authorized, 25,000,000; no shares outstanding at December 2023, March 2023 or December 2022	0	0	0
Common Stock, stated value $0.25; shares authorized, 1,200,000,000; shares outstanding at December 2023 - 388,819,204; March 2023 - 388,665,531; December 2022 - 388,660,385	97,205	97,166	97,165
Additional paid-in capital	3,619,654	3,775,979	3,766,304
Accumulated other comprehensive loss	(1,051,373)	(1,019,518)	(929,588)
Retained earnings (accumulated deficit)	(556,293)	57,086	385,751
Total stockholders’ equity	2,109,193	2,910,713	3,319,632
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 12,616,474	$ 13,990,488	$ 14,313,297

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 30, 2023	Apr. 01, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit loss	$ 30,011	$ 28,075	$ 29,087
Preferred stock (in USD per share)	$ 1	$ 1	$ 1
Preferred stock, authorized (in shares)	25,000,000	25,000,000	25,000,000
Preferred stock, outstanding (in shares)	0	0	0
Common stock (in USD per share)	$ 0.25	$ 0.25	$ 0.25
Common stock, authorized (in shares)	1,200,000,000	1,200,000,000	1,200,000,000
Common stock, outstanding (in shares)	388,819,204	388,665,531	388,660,385

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net revenues	$ 2,960,283	$ 3,530,667	$ 8,080,858	$ 8,872,862
Costs and operating expenses
Cost of goods sold	1,327,871	1,593,048	3,792,168	4,134,207
Selling, general and administrative expenses	1,407,548	1,421,586	3,709,891	3,828,157
Impairment of goodwill and intangible assets	257,096	0	257,096	421,922
Total costs and operating expenses	2,992,515	3,014,634	7,759,155	8,384,286
Operating income (loss)	(32,232)	516,033	321,703	488,576
Interest income	4,211	3,914	14,513	6,020
Interest expense	(67,549)	(54,144)	(183,214)	(121,415)
Other income (expense), net	30,029	(9,901)	22,952	(113,895)
Income (loss) before income taxes	(65,541)	455,902	175,954	259,286
Income tax expense (benefit)	(23,089)	(51,966)	726,528	(74,190)
Net income (loss)	$ (42,452)	$ 507,868	$ (550,574)	$ 333,476
Earnings (loss) per common share
Basic (in USD per share)	$ (0.11)	$ 1.31	$ (1.42)	$ 0.86
Diluted (in USD per share)	$ (0.11)	$ 1.31	$ (1.42)	$ 0.86
Weighted average shares outstanding
Basic (in shares)	388,383	387,739	388,294	387,663
Diluted (in shares)	388,383	388,192	388,294	388,357

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (42,452)	$ 507,868	$ (550,574)	$ 333,476
Foreign currency translation and other
Losses arising during the period	(4,373)	(1,506)	(3,809)	(74,924)
Income tax effect	25,609	43,475	6,607	(15,321)
Defined benefit pension plans
Current period actuarial gains (losses)	(4,046)	(1,307)	697	(15,449)
Amortization of net deferred actuarial losses	4,106	3,858	12,508	11,532
Amortization of deferred prior service credits	(136)	(112)	(408)	(335)
Reclassification of net actuarial loss from settlement charges	131	695	3,430	93,597
Income tax effect	(118)	(935)	(4,236)	(23,401)
Derivative financial instruments
Gains (losses) arising during the period	(73,375)	(119,635)	(36,220)	82,480
Income tax effect	11,790	17,970	6,076	(13,761)
Reclassification of net (gains) losses realized	912	(32,905)	(20,006)	(56,053)
Income tax effect	(168)	4,979	3,506	8,626
Other comprehensive loss	(39,668)	(85,423)	(31,855)	(3,009)
Comprehensive income (loss)	$ (82,120)	$ 422,445	$ (582,429)	$ 330,467

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
OPERATING ACTIVITIES
Net income (loss)	$ (550,574)	$ 333,476
Adjustments to reconcile net income (loss) to cash provided (used) by operating activities:
Impairment of goodwill and intangible assets	257,096	421,922
Depreciation and amortization	231,493	192,174
Reduction in the carrying amount of right-of-use assets	283,002	280,845
Stock-based compensation	51,665	47,714
Provision for doubtful accounts	7,157	1,231
Pension expense in excess of (less than) contributions	(10,691)	83,278
Deferred income taxes	(258,338)	(4,488)
Write-off of income tax receivables and interest	921,409	0
Other, net	(10,931)	15,228
Changes in operating assets and liabilities:
Accounts receivable	305,490	(120,081)
Inventories	148,455	(1,200,438)
Accounts payable	41,663	352,047
Income taxes	(201,151)	(1,178,547)
Accrued liabilities	185,187	173,148
Operating lease right-of-use assets and liabilities	(282,361)	(290,679)
Other assets and liabilities	(12,824)	59,698
Cash provided (used) by operating activities	1,105,747	(833,472)
INVESTING ACTIVITIES
Capital expenditures	(119,662)	(130,214)
Software purchases	(52,855)	(75,460)
Other, net	(19,477)	(1,159)
Cash used by investing activities	(191,994)	(206,833)
FINANCING ACTIVITIES
Contingent consideration payment	0	(56,976)
Net increase in short-term borrowings	443,494	566,206
Payments on long-term debt	(907,926)	(500,786)
Payment of debt issuance costs	(576)	(819)
Proceeds from long-term debt	0	1,000,000
Cash dividends paid	(268,155)	(586,335)
Proceeds from issuance of Common Stock, net of (payments) for tax withholdings	(2,603)	(2,571)
Cash provided (used) by financing activities	(735,766)	418,719
Effect of foreign currency rate changes on cash, cash equivalents and restricted cash	(4,984)	(82,512)
Net change in cash, cash equivalents and restricted cash	173,003	(704,098)
Cash, cash equivalents and restricted cash – beginning of year	816,319	1,277,082
Cash, cash equivalents and restricted cash – end of period	$ 989,322	$ 572,984

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Balances per Consolidated Balance Sheets:
Cash and cash equivalents	$ 988,006	$ 571,347
Other current assets	1,186	1,511
Other assets	130	126
Total cash, cash equivalents and restricted cash	$ 989,322	$ 572,984

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings (Accumulated Deficit)
Beginning balance (in shares) at Apr. 02, 2022		388,298,375
Beginning 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 (loss)	333,476				333,476
Dividends on Common Stock	(586,335)		(203,394)		(382,941)
Stock-based compensation, net (in shares)		362,010
Stock-based compensation, net	45,145	$ 90	53,314		(8,259)
Foreign currency translation and other	(90,245)			(90,245)
Defined benefit pension plans	65,944			65,944
Derivative financial instruments	$ 21,292			21,292
Ending balance (in shares) at Dec. 31, 2022	388,660,385	388,660,385
Ending balance at Dec. 31, 2022	$ 3,319,632	$ 97,165	3,766,304	(929,588)	385,751
Beginning balance (in shares) at Oct. 01, 2022		388,569,062
Beginning balance at Oct. 01, 2022	3,085,636	$ 97,142	3,952,786	(844,165)	(120,127)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	507,868				507,868
Dividends on Common Stock	(198,051)		(198,051)
Stock-based compensation, net (in shares)		91,323
Stock-based compensation, net	9,602	$ 23	11,569		(1,990)
Foreign currency translation and other	41,969			41,969
Defined benefit pension plans	2,199			2,199
Derivative financial instruments	$ (129,591)			(129,591)
Ending balance (in shares) at Dec. 31, 2022	388,660,385	388,660,385
Ending balance at Dec. 31, 2022	$ 3,319,632	$ 97,165	3,766,304	(929,588)	385,751
Beginning balance (in shares) at Apr. 01, 2023	388,665,531	388,665,531
Beginning balance at Apr. 01, 2023	$ 2,910,713	$ 97,166	3,775,979	(1,019,518)	57,086
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(550,574)				(550,574)
Dividends on Common Stock	(268,155)		(211,069)		(57,086)
Stock-based compensation, net (in shares)		153,673
Stock-based compensation, net	49,064	$ 39	54,744		(5,719)
Foreign currency translation and other	2,798			2,798
Defined benefit pension plans	11,991			11,991
Derivative financial instruments	$ (46,644)			(46,644)
Ending balance (in shares) at Dec. 30, 2023	388,819,204	388,819,204
Ending balance at Dec. 30, 2023	$ 2,109,193	$ 97,205	3,619,654	(1,051,373)	(556,293)
Beginning balance (in shares) at Sep. 30, 2023		388,883,825
Beginning balance at Sep. 30, 2023	2,210,045	$ 97,221	3,638,029	(1,011,705)	(513,500)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(42,452)				(42,452)
Dividends on Common Stock	(34,983)		(34,983)
Stock-based compensation, net (in shares)		(64,621)
Stock-based compensation, net	16,251	$ (16)	16,608		(341)
Foreign currency translation and other	21,236			21,236
Defined benefit pension plans	(63)			(63)
Derivative financial instruments	$ (60,841)			(60,841)
Ending balance (in shares) at Dec. 30, 2023	388,819,204	388,819,204
Ending balance at Dec. 30, 2023	$ 2,109,193	$ 97,205	$ 3,619,654	$ (1,051,373)	$ (556,293)

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Dividends on Common Stock (in USD per share)	$ 0.09	$ 0.51	$ 0.69	$ 1.51

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Dec. 30, 2023
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Fiscal Year VF Corporation (together with its subsidiaries, collectively known as “VF” or the “Company”) uses a 52/53 week fiscal year ending on the Saturday closest to March 31 of each year. The Company's current fiscal year runs from April 2, 2023 through March 30, 2024 ("Fiscal 2024"). Accordingly, this Form 10-Q presents our third quarter of Fiscal 2024. For presentation purposes herein, all references to periods ended December 2023 and December 2022 relate to the fiscal periods ended on December 30, 2023 and December 31, 2022, respectively. References to March 2023 relate to information as of April 1, 2023. Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X and do not include all of the information and notes required by generally accepted accounting principles in the United States of America (“GAAP”) for complete financial statements. Similarly, the March 2023 consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP. In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all normal and recurring adjustments necessary to fairly state the consolidated financial position, results of operations and cash flows of VF for the interim periods presented. Operating results for the three and nine months ended December 2023 are not necessarily indicative of results that may be expected for any other interim period or for Fiscal 2024. For further information, refer to the consolidated financial statements and notes included in VF’s Annual Report on Form 10-K for the year ended April 1, 2023 (“Fiscal 2023 Form 10-K”). Recent Development Reinvent On October 30, 2023, VF introduced Reinvent, a transformation program to enhance focus on brand-building and to improve operating performance and allow VF to achieve its full potential. The first announced steps in this transformation cover the following priorities: improve North America results, deliver the Vans ® turnaround, reduce costs and strengthen the balance sheet. Refer to Note 18 for additional information on the program. Use of Estimates In preparing the interim consolidated financial statements, management makes estimates and assumptions that affect amounts reported in the interim consolidated financial statements and accompanying notes. Actual results may differ from those estimates.

RECENTLY ADOPTED AND ISSUED ACC

RECENTLY ADOPTED AND ISSUED ACCOUNTING STANDARDS	9 Months Ended
	Dec. 30, 2023
Accounting Changes and Error Corrections [Abstract]
RECENTLY ADOPTED AND ISSUED ACCOUNTING STANDARDS	RECENTLY ADOPTED AND ISSUED ACCOUNTING STANDARDS Recently Adopted Accounting Standards In March 2020, January 2021 and December 2022, the Financial Accounting Standards Board (" FASB") issued Accounting Standards Update (" 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 guidance is provided to ease the potential burden of accounting for reference rate reform. During the first quarter of Fiscal 2024, the Company amended the terms of its $2.25 billion senior unsecured revolving line of credit (the “Global Credit Facility”), which replaced the LIBOR benchmark interest rate with a benchmark interest rate based on the forward-looking secured overnight financing rate ("Term SOFR"). This guidance was adopted in the first quarter of Fiscal 2024, but did not impact 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 became effective for VF in the first quarter of Fiscal 2024, except for the rollforward information that will be effective for annual periods beginning in Fiscal 2025 on a prospective basis. Early adoption is permitted. The Company adopted the required guidance in the first quarter of Fiscal 2024 and is evaluating the impact of adopting the guidance related to the rollforward information. Refer to Note 9 for disclosures related to the Company’s supply chain financing program. Recently Issued Accounting Standards In November 2023, the FASB issued ASU No. 2023-07, " Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" , which updates reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses that are regularly provided to the individual or group identified as the chief operating decision maker ("CODM"). The guidance also requires disclosure of the title and position of the CODM and how reported measures of segment profit or loss are used to assess performance and allocate resources. The guidance will be effective for annual disclosures beginning in Fiscal 2025, and has expanded requirements to include all annual disclosures about a reportable segment's profit or loss and assets in subsequent interim periods. Early adoption is permitted. The guidance requires retrospective application to all prior periods presented in the financial statements. The Company is evaluating the impact that adopting this guidance will have on VF's disclosures. In December 2023, the FASB issued ASU No. 2023-09, " Income Taxes (Topic 740): Improvements to Income Tax Disclosures" , which is intended to enhance the transparency and decision usefulness of income tax disclosures by requiring that an entity, on an annual basis, disclose additional income tax information, primarily related to the rate reconciliation and income taxes paid. The rate reconciliation disclosures will require specific categories and additional information for reconciling items that meet a quantitative threshold. The income taxes paid disclosures will require disaggregation by individual jurisdictions that are greater than 5% of total income taxes paid. The guidance will be effective for annual disclosures beginning in Fiscal 2026. Early adoption is permitted. The amendments are required to be applied on a prospective basis; however, retrospective application is permitted. The Company is evaluating the impact that adopting this guidance will have on VF's disclosures.

REVENUES

REVENUES	9 Months Ended
	Dec. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES Contract Balances The following table provides information about contract assets and contract liabilities: (In thousands) December 2023 March 2023 December 2022 Contract assets (a) $ 1,877 $ 2,294 $ 1,273 Contract liabilities (b) 67,103 62,214 80,456 (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 three and nine months ended December 2023, the Company recognized $59.9 million and $187.1 million, respectively, of revenue that was included in the contract liability balance during the periods, including amounts recorded as a contract liability and subsequently recognized as revenue as performance obligations 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 December 2023, the Company expects to recognize $84.6 million of fixed consideration related to the future minimum guarantees in effect under its licensing agreements and expects such amounts to be recognized over time based on the contractual terms through March 2031. The variable consideration related to licensing arrangements is not disclosed as a remaining performance obligation as it qualifies for the sales-based royalty exemption. VF has also elected the practical expedient to not disclose the transaction price allocated to remaining performance obligations for contracts with an original expected duration of one year or less. As of December 2023, there were no arrang ements 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 three and nine months ended December 2023, revenue recognized from performance obligations satisfied, or partially satisfied, in prior periods was not material. Disaggregation of Revenues 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. Three Months Ended December 2023 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 734,130 $ 264,606 $ 157,841 $ — $ 1,156,577 Direct-to-consumer 999,694 728,479 58,038 — 1,786,211 Royalty 4,755 6,311 6,429 — 17,495 Total $ 1,738,579 $ 999,396 $ 222,308 $ — $ 2,960,283 Geographic revenues Americas $ 821,506 $ 578,955 $ 185,916 $ — $ 1,586,377 Europe 622,377 267,075 22,829 — 912,281 Asia-Pacific 294,696 153,366 13,563 — 461,625 Total $ 1,738,579 $ 999,396 $ 222,308 $ — $ 2,960,283 Three Months Ended December 2022 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 973,292 $ 401,521 $ 198,956 $ — $ 1,573,769 Direct-to-consumer 1,023,428 850,167 63,773 — 1,937,368 Royalty 6,325 6,994 6,211 — 19,530 Total $ 2,003,045 $ 1,258,682 $ 268,940 $ — $ 3,530,667 Geographic revenues Americas $ 1,110,134 $ 766,394 $ 217,408 $ — $ 2,093,936 Europe 643,740 312,857 26,752 — 983,349 Asia-Pacific 249,171 179,431 24,780 — 453,382 Total $ 2,003,045 $ 1,258,682 $ 268,940 $ — $ 3,530,667 Nine Months Ended December 2023 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 2,499,604 $ 1,163,874 $ 496,630 $ — $ 4,160,108 Direct-to-consumer 1,769,098 1,964,645 137,649 — 3,871,392 Royalty 13,253 19,173 16,932 — 49,358 Total $ 4,281,955 $ 3,147,692 $ 651,211 $ — $ 8,080,858 Geographic revenues Americas $ 2,021,660 $ 1,790,686 $ 526,355 $ — $ 4,338,701 Europe 1,567,804 915,086 75,776 — 2,558,666 Asia-Pacific 692,491 441,920 49,080 — 1,183,491 Total $ 4,281,955 $ 3,147,692 $ 651,211 $ — $ 8,080,858 Nine Months Ended December 2022 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 2,602,744 $ 1,524,712 $ 608,972 $ 148 $ 4,736,576 Direct-to-consumer 1,710,437 2,226,870 145,274 — 4,082,581 Royalty 13,816 21,155 18,734 — 53,705 Total $ 4,326,997 $ 3,772,737 $ 772,980 $ 148 $ 8,872,862 Geographic revenues Americas $ 2,325,405 $ 2,282,005 $ 625,565 $ 148 $ 5,233,123 Europe 1,447,353 994,783 68,255 — 2,510,391 Asia-Pacific 554,239 495,949 79,160 — 1,129,348 Total $ 4,326,997 $ 3,772,737 $ 772,980 $ 148 $ 8,872,862

INVENTORIES

INVENTORIES	9 Months Ended
	Dec. 30, 2023
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES (In thousands) December 2023 March 2023 December 2022 Finished products $ 2,093,174 $ 2,240,215 $ 2,535,759 Work-in-process 43,453 39,508 41,307 Raw materials 11,592 13,067 14,849 Total inventories $ 2,148,219 $ 2,292,790 $ 2,591,915

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended
	Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS December 2023 March 2023 (In thousands) Weighted Amortization Cost Accumulated Net Net Amortizable intangible assets: Customer relationships and other 19 years Accelerated $ 264,610 $ 185,650 $ 78,960 $ 88,902 Indefinite-lived intangible assets: Trademarks and trade names 2,557,785 2,553,919 Intangible assets, net $ 2,636,745 $ 2,642,821 Amortization expense for the three and nine months ended December 2023 was $3.5 million and $10.4 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2024 is $13.7 million, $13.1 million, $12.2 million, $11.7 million and $10.8 million, respectively.

GOODWILL

GOODWILL	9 Months Ended
	Dec. 30, 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 2023 $ 653,787 $ 1,211,244 $ 113,382 $ 1,978,413 Impairment charges (195,287) — (61,809) (257,096) Foreign currency translation 1,259 1,135 (73) 2,321 Balance, December 2023 $ 459,759 $ 1,212,379 $ 51,500 $ 1,723,638 During the three months ended December 2023, VF performed interim impairment analyses of the Timberland and Dickies reporting units and recorded impairment charges of $195.3 million and $61.8 million, respectively. The Timberland reporting unit is part of the Outdoor segment and the Dickies reporting unit is part of the Work segment. Refer to Note 16 for additional information on fair value measurements. Accum ulated impairm ent charges for the Outdoor segment were $518.5 million and $323.2 million as of December 2023 and March 2023, respectively. Accumulated impairment charges for the Active segment were $394.1 million as of December 2023 and March 2023, and accumulated impairment charges were $61.8 million for the Work segment as of December 2023.

LEASES

LEASES	9 Months Ended
	Dec. 30, 2023
Leases [Abstract]
LEASES	LEASES The Company leases certain retail locations, office space, distribution facilities, machinery and equipment, and vehicles. The substantial majority of these leases are operating leases. Total lease cost includes operating lease cost, variable lease cost, finance lease cost, short-term lease cost and impairment. Components of lease cost were as follows: Three Months Ended December Nine Months Ended December (In thousands) 2023 2022 2023 2022 Operating lease cost $ 104,266 $ 103,127 $ 316,368 $ 306,259 Other lease cost 44,520 37,784 116,809 104,960 Total lease cost $ 148,786 $ 140,911 $ 433,177 $ 411,219 During the nine months ended December 2023 and 2022, the Company paid $321.1 million and $315.0 million for operating leases, respectively. During the nine months ended December 2023 and 2022, the Company obtained $220.7 million and $356.1 million of right-of-use assets in exchange for lease liabilities, respectively.
LEASES	LEASES The Company leases certain retail locations, office space, distribution facilities, machinery and equipment, and vehicles. The substantial majority of these leases are operating leases. Total lease cost includes operating lease cost, variable lease cost, finance lease cost, short-term lease cost and impairment. Components of lease cost were as follows: Three Months Ended December Nine Months Ended December (In thousands) 2023 2022 2023 2022 Operating lease cost $ 104,266 $ 103,127 $ 316,368 $ 306,259 Other lease cost 44,520 37,784 116,809 104,960 Total lease cost $ 148,786 $ 140,911 $ 433,177 $ 411,219 During the nine months ended December 2023 and 2022, the Company paid $321.1 million and $315.0 million for operating leases, respectively. During the nine months ended December 2023 and 2022, the Company obtained $220.7 million and $356.1 million of right-of-use assets in exchange for lease liabilities, respectively.

SHORT-TERM BORROWINGS AND LONG-

SHORT-TERM BORROWINGS AND LONG-TERM DEBT	9 Months Ended
	Dec. 30, 2023
Debt Disclosure [Abstract]
SHORT-TERM BORROWINGS AND LONG-TERM DEBT	SHORT-TERM BORROWINGS AND LONG-TERM DEBT Commercial Paper Program During the second quarter of Fiscal 2024, VF commenced a euro commercial paper program, which in addition to the existing U.S. commercial paper program, is supported by VF's $2.25 billion Global Credit Facility. The Company designates its euro commercial paper borrowings as a net investment hedge of VF's investment in certain foreign operations. Refer to Note 17 for additional information. As of December 2023, there were no outstanding euro commercial paper borrowings under this program. There were $437.0 million and $889.9 million in U.S. commercial paper borrowings as of December 2023 and December 2022, respectively. Senior Notes Maturity On September 18, 2023, VF repaid €850.0 million (

SUPPLY CHAIN FINANCING PROGRAM

SUPPLY CHAIN FINANCING PROGRAM	9 Months Ended
	Dec. 30, 2023
Receivables [Abstract]
SUPPLY CHAIN FINANCING PROGRAM	SUPPLY CHAIN FINANCING PROGRAM VF facilitates a voluntary supply chain finance ("SCF") program that 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 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 terms (which are generally within 90 days of the invoice date), are not impacted by a supplier's participation in the SCF program. All amounts due to suppliers that are eligible to 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. At December 2023, March 2023 and December 2022, the accounts payable line item in VF’s Consolidated Balance Sheets included total outstanding obligations of $599.0 million, $510.9 million and $502.8 million, respectively, due to suppliers that are eligible to participate in the SCF program.

PENSION PLANS

PENSION PLANS	9 Months Ended
	Dec. 30, 2023
Retirement Benefits [Abstract]
PENSION PLANS	PENSION PLANS The components of pension cost for VF’s defined benefit plans were as follows: Three Months Ended December Nine Months Ended December (In thousands) 2023 2022 2023 2022 Service cost – benefits earned during the period $ 2,224 $ 2,632 $ 6,653 $ 7,904 Interest cost on projected benefit obligations 11,763 10,754 35,350 34,065 Expected return on plan assets (15,882) (14,752) (47,661) (48,364) Settlement charges 131 695 3,430 93,597 Amortization of deferred amounts: Net deferred actuarial losses 4,106 3,858 12,508 11,532 Deferred prior service credits (136) (112) (408) (335) Net periodic pension cost $ 2,206 $ 3,075 $ 9,872 $ 98,399 VF has reported the service cost component of net periodic pension cost in operating income (loss) and the other components, which include interest cost, expected return on plan assets, settlement charges and amortization of deferred actuarial losses and prior service credits, in the other income (expense), net line item in the Consolidated Statements of Operations. VF contributed $20.6 million to its defined benefit plans during the nine months ended December 2023, and intends to make approximately $10.2 million of contributions during the remainder of Fiscal 2024. VF recorded $0.1 million and $3.4 million in settlement charges in the other income (expense), net line item in the Consolidated Statements of Operations for the three and nine months ended December 2023, respectively, as well as $0.7 million and $1.8 million for the three and nine months ended December 2022, respectively. The settlement charges related to the recognition of deferred actuarial losses resulting from lump sum payments of retirement benefits in the supplemental defined benefit pension plan. Actuarial assumptions used in the interim valuations were reviewed and revised as appropriate. The discount rate used to determine the supplemental defined benefit pension obligation as of December 2023, September 2023 and June 2023 was 5.24%, 6.10% and 5.44%, respectively. Additionally, in the first quarter of Fiscal 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 did not change the amount or timing of monthly retirement benefit payments. VF recorded a $91.8 million settlement charge in the other income (expense), net line item in the Consolidated Statement of Operations during the nine months ended December 2022 to recognize the related deferred actuarial losses in accumulated other comprehensive loss (“OCL” ).

CAPITAL AND ACCUMULATED OTHER C

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
	Dec. 30, 2023
Equity [Abstract]
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS	CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS Common Stock During the nine months ended December 2023, 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. These are treated as treasury stock transactions when shares are repurchased. Common Stock outstanding is net of shares held in treasury which are, in substance, retired. There were no shares held in treasury at the end of December 2023, March 2023 or December 2022. 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 Loss Comprehensive income (loss) consists of net income (loss) and specified components of other comprehensive income (loss), which relate to changes in assets and liabilities that are not included in net income (loss) under GAAP but are instead deferred and accumulated within a separate component of stockholders’ equity in the balance sheet. VF’s comprehensive income (loss) is presented in the Consolidated Statements of Comprehensive Income (Loss). The deferred components of other comprehensive income (loss) are reported, net of related income taxes, in accumulated OCL in stockholders’ equity, as follows: (In thousands) December 2023 March 2023 December 2022 Foreign currency translation and other $ (856,853) $ (859,651) $ (841,877) Defined benefit pension plans (155,701) (167,692) (164,346) Derivative financial instruments (38,819) 7,825 76,635 Accumulated other comprehensive loss $ (1,051,373) $ (1,019,518) $ (929,588) The changes in accumulated OCL, net of related taxes, were as follows: Three Months Ended December 2023 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, September 2023 $ (878,089) $ (155,638) $ 22,022 $ (1,011,705) Other comprehensive income (loss) before reclassifications 21,236 (3,002) (61,585) (43,351) Amounts reclassified from accumulated other comprehensive loss — 2,939 744 3,683 Net other comprehensive income (loss) 21,236 (63) (60,841) (39,668) Balance, December 2023 $ (856,853) $ (155,701) $ (38,819) $ (1,051,373) Three Months Ended December 2022 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, September 2022 $ (883,846) $ (166,545) $ 206,226 $ (844,165) Other comprehensive income (loss) before reclassifications 41,969 (850) (101,665) (60,546) Amounts reclassified from accumulated other comprehensive loss — 3,049 (27,926) (24,877) Net other comprehensive income (loss) 41,969 2,199 (129,591) (85,423) Balance, December 2022 $ (841,877) $ (164,346) $ 76,635 $ (929,588) Nine Months Ended December 2023 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, March 2023 $ (859,651) $ (167,692) $ 7,825 $ (1,019,518) Other comprehensive income (loss) before reclassifications 2,798 762 (30,144) (26,584) Amounts reclassified from accumulated other comprehensive loss — 11,229 (16,500) (5,271) Net other comprehensive income (loss) 2,798 11,991 (46,644) (31,855) Balance, December 2023 $ (856,853) $ (155,701) $ (38,819) $ (1,051,373) Nine Months Ended December 2022 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, March 2022 $ (751,632) $ (230,290) $ 55,343 $ (926,579) Other comprehensive income (loss) before reclassifications (90,245) (11,226) 68,719 (32,752) Amounts reclassified from accumulated other comprehensive loss — 77,170 (47,427) 29,743 Net other comprehensive income (loss) (90,245) 65,944 21,292 (3,009) Balance, December 2022 $ (841,877) $ (164,346) $ 76,635 $ (929,588) Reclassifications out of accumulated OCL were as follows: (In thousands) Three Months Ended December Nine Months Ended December Details About Accumulated Other Comprehensive Loss Components Affected Line Item in the Consolidated Statements of Operations 2023 2022 2023 2022 Amortization of defined benefit pension plans: Net deferred actuarial losses Other income (expense), net $ (4,106) $ (3,858) $ (12,508) $ (11,532) Deferred prior service credits Other income (expense), net 136 112 408 335 Pension settlement charges Other income (expense), net (131) (695) (3,430) (93,597) Total before tax (4,101) (4,441) (15,530) (104,794) Tax benefit 1,162 1,392 4,301 27,624 Net of tax (2,939) (3,049) (11,229) (77,170) Gains (losses) on derivative financial instruments: Foreign exchange contracts Net revenues (794) 782 (220) (9,173) Foreign exchange contracts Cost of goods sold (2,697) 33,816 14,777 68,830 Foreign exchange contracts Selling, general and administrative expenses 833 1,816 3,141 5,380 Foreign exchange contracts Other income (expense), net 536 (3,536) (725) (9,065) Interest rate contracts Interest expense 1,210 27 3,033 81 Total before tax (912) 32,905 20,006 56,053 Tax expense 168 (4,979) (3,506) (8,626) Net of tax (744) 27,926 16,500 47,427 Total reclassifications for the period, net of tax $ (3,683) $ 24,877 $ 5,271 $ (29,743)

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Dec. 30, 2023
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Incentive Equity Awards Granted During the nine months ended December 2023, VF granted stock options to employees and nonemployee members of VF's Board of Directors to purchase 5,837,052 shares of its Common Stock at a weighted average exercise price of $18.12 per share. The exercise price of each option granted was equal to the fair market value of VF Common Stock on the date of grant. Employee stock options typically vest and become exercisable in equal annual installments over three years. St ock 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: Nine Months Ended December 2023 Expected volatility 33% to 52% Weighted average expected volatility 42% Expected term (in years) 5.9 to 7.8 Weighted average dividend yield 3.8% Risk-free interest rate 3.80% to 5.50% Weighted average fair value at date of grant $5.73 During the nine months ended December 2023, VF granted 709,338 performance-based restricted stock units ("RSUs") to executives that enable them to receive shares of VF Common Stock at the end of a three-year performance cycle. The weighted average fair market value of VF Common Stock at the dates the units were granted was $18.29 per share. Each performance-based RSU has a potential final payout ranging from zero to two and one-quarter shares of VF Common Stock. The number of shares earned by participants, if any, is based on achievement of three-year financial and relative total shareholder return targets set by the Talent and Compensation Committee of the Board of Directors. Shares will be issued to participants in the year following the conclusion of the three-year performance period. The 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. Furthermore, 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, resulting in a maximum payout of 225% of the target award. 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 $0.35 per share. During the nine months ended December 2023, VF granted 50,883 nonperformance-based RSUs to nonemployee members of the Board of Directors. These units vest upon grant and will be settled in shares of VF Common Stock one year from the date of grant. The weighted average fair market value of VF Common Stock at the dates the units were granted was $17.88 per share.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Dec. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The effective income tax rate for the nine months ended December 2023 was 412.9% compared to (28.6)% in the 2022 period. The nine months ended December 2023 included a net discrete tax expense of $693.6 million, primarily related to the tax effects of decisions in the Timberland tax case and Belgium excess profits ruling, which are discussed further below. Excluding the $693.6 million net discrete tax expense in the 2023 period, the effective income tax rate would have been 18.7%. The nine months ended December 2022 included a net discrete tax benefit of $98.8 million, which primarily related to the Internal Revenue Service ("IRS") examinations for tax year 2017 and short-tax year 2018 resulting in a $94.9 million favorable adjustment to VF's transition tax liability under the Tax Cuts and Jobs Act. Excluding the $98.8 million net discrete tax benefit in the 2022 period, the effective income tax rate would have been 9.5%. Without discrete items, the effective income tax rate for the nine months ended December 2023 increased by 9.2% compared with the 2022 period primarily due to the jurisdictional mix of earnings and losses. As previously reported, VF petitioned the U.S. Tax Court (the “Tax 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 argued that all such income should have been immediately included in 2011, VF reported periodic income inclusions in subsequent tax years. In Fiscal 2023, the Tax Court issued its final decision in favor of the IRS, which was appealed by VF. 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 began to accrue interest income. These amounts were included in the other assets line item in VF's Consolidated Balance Sheet, based on our assessment of the position under the more-likely-than-not standard of the accounting literature. On September 8, 2023, the U.S. Court of Appeals for the First Circuit (“Appeals Court”) upheld the Tax Court’s decision in favor of the IRS. As a result of the Appeals Court decision, VF determined that its position no longer met the more-likely-than-not threshold, and thus wrote off the related income tax receivable and associated interest and recorded $690.0 million of income tax expense in the second quarter of Fiscal 2024. This amount includes the reversal of $19.6 million of interest income, of which $7.5 million was recorded in the first quarter of Fiscal 2024. This amount reflects the total estimated net impact to VF’s tax expense, which includes the expected reduction in taxes paid on the periodic inclusions that VF has reported, release of related deferred tax liabilities, and consideration of indirect tax effects resulting from the decision. The estimated impact is subject to future adjustments based on finalization with tax authorities. 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. During 2017 and 2018, VF Europe BVBA was assessed and paid €35.0 million in tax and interest, which was recorded as an income tax receivable and was included in the other current assets line item in VF's Consolidated Balance Sheets, based on the expected success of the requests for annulment. After subsequent annulments and appeals, the General Court confirmed the decision of the EU on September 20, 2023. As a result, VF wrote off the related income tax receivable and recorded a benefit for the associated foreign tax credit, resulting in $26.1 million of net income tax expense in the second quarter of Fiscal 2024. 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. 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. During the nine months ended December 2023, the amount of net unrecognized tax benefits and associated interest increased by $0.9 million to $298.5 million, which includes a net reduction of $183.0 million due to settlement with the tax authorities related to intellectual property transfers completed in a prior period and a net increase of $192.5 million due to uncertainty in the application of court decisions upheld upon appeal, which were recorded in the second quarter of Fiscal 2024. Management believes that it is reasonably possible that the amount of unrecognized income tax benefits and interest may decrease during the next 12 months by approximately $29.4 million due to settlement of audits and expiration of statutes of limitations, of which $25.7 million would reduce income tax expense.

REPORTABLE SEGMENT INFORMATION

REPORTABLE SEGMENT INFORMATION	9 Months Ended
	Dec. 30, 2023
Segment Reporting [Abstract]
REPORTABLE SEGMENT INFORMATION	REPORTABLE SEGMENT INFORMATION The CODM allocates resources and assesses performance based on a global brand view which represents VF's operating segments. The operating segments have been evaluated and combined into reportable segments because they meet the similar economic characteristics and qualitative aggregation criteria set forth in the relevant accounting guidance. The Company's reportable segments have been identified as: Outdoor, Active and Work. We have included an Other category in the table below for purposes of reconciliation of revenues and profit, but it is not considered a reportable segment. Other primarily includes sourcing activities related to transition services. Financial information for VF's reportable segments is as follows: Three Months Ended December Nine Months Ended December (In thousands) 2023 2022 2023 2022 Segment revenues: Outdoor $ 1,738,579 $ 2,003,045 $ 4,281,955 $ 4,326,997 Active 999,396 1,258,682 3,147,692 3,772,737 Work 222,308 268,940 651,211 772,980 Other — — — 148 Total segment revenues $ 2,960,283 $ 3,530,667 $ 8,080,858 $ 8,872,862 Segment profit (loss): Outdoor $ 304,741 $ 457,027 $ 557,830 $ 670,615 Active (a) 94,020 146,885 351,772 541,171 Work (1,864) 18,487 13,482 92,989 Other — (134) — (516) Total segment profit 396,897 622,265 923,084 1,304,259 Impairment of goodwill and intangible assets (257,096) — (257,096) (421,922) Corporate and other expenses (142,004) (116,133) (321,333) (507,656) Interest expense, net (63,338) (50,230) (168,701) (115,395) Income (loss) before income taxes $ (65,541) $ 455,902 $ 175,954 $ 259,286 (a) Includes legal settlement gains of $29.1 million in the three and nine months ended December 2023.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	9 Months Ended
	Dec. 30, 2023
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	EARNINGS (LOSS) PER SHARE Three Months Ended December Nine Months Ended December (In thousands, except per share amounts) 2023 2022 2023 2022 Earnings (loss) per common share – basic: Net income (loss) $ (42,452) $ 507,868 $ (550,574) $ 333,476 Weighted average common shares outstanding 388,383 387,739 388,294 387,663 Earnings (loss) per common share $ (0.11) $ 1.31 $ (1.42) $ 0.86 Earnings (loss) per common share – diluted: Net income (loss) $ (42,452) $ 507,868 $ (550,574) $ 333,476 Weighted average common shares outstanding 388,383 387,739 388,294 387,663 Incremental shares from stock options and other dilutive securities — 453 — 694 Adjusted weighted average common shares outstanding 388,383 388,192 388,294 388,357 Earnings (loss) per common share $ (0.11) $ 1.31 $ (1.42) $ 0.86 In the three and nine-month periods ended December 2023, the dilutive impacts of outstanding stock options and other dilutive securities were excluded from dilutive shares as a result of the Company's net loss for the periods and, as such, their inclusion would have been anti-dilutive. As a result, a total of 19.2 million and 19.0 million potentially dilutive shares related to stock options and other dilutive securities were excluded from the diluted loss per share calculations for the three and nine-month periods ended December 2023, respectively. Outstanding stock options and other dilutive securities of approximately 9.9 million and 9.7 million shares were excluded

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Dec. 30, 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 Value Fair Value Measurement Using (a) (In thousands) Level 1 Level 2 Level 3 December 2023 Financial assets: Cash equivalents: Money market funds $ 69,840 $ 69,840 $ — $ — Time deposits 27,659 27,659 — — Derivative financial instruments 15,804 — 15,804 — Deferred compensation 91,666 91,666 — — Financial liabilities: Derivative financial instruments 64,700 — 64,700 — Deferred compensation 88,566 — 88,566 — Total Fair Value 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 — (a) There were no transfers among the levels within the fair value hierarchy during the nine months ended December 2023 or the year ended March 2023. 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. 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. 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 December 2023 and March 2023, their carrying values approximated fair value. Additionally, at December 2023 and March 2023, the carrying values of VF’s long-term debt, including the current portion, were $5,755.8 million and $6,635.3 million, respectively, compared with fair values of $5,280.7 million and $6,244.4 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 Timberland Reporting Unit and Indefinite-Lived Intangible Asset Impairment Analysis During the three months ended December 2023, management determined that the recent downturn in the Timberland historical financial results, combined with a downward revision to the latest Fiscal 2024 forecast and forward-looking financial projections, was a triggering event that required management to perform a quantitative impairment analysis of both the Timberland reporting unit goodwill, which includes the Timberland ® brand, and the Timberland indefinite-lived trademark intangible asset, which includes both the Timberland ® and Timberland PRO ® brands. The carrying values of the goodwill and indefinite-lived trademark intangible asset at the December 30, 2023 testing date were $407.9 million and $999.5 million, respectively. As a result of the impairment testing performed, VF recorded a goodwill impairment charge of $195.3 million in the Consolidated Statements of Operations for the three and nine months ended December 2023 to write down the Timberland reporting unit carrying value to its estimated fair value. No impairment charge was recorded on the indefinite-lived trademark intangible asset. The estimated fair value of the indefinite-lived trademark intangible asset exceeded its carrying value by a significant amount. The Timberland ® brand, acquired in 2011, offers outdoor, adventure-inspired lifestyle footwear, apparel and accessories that combine performance benefits and versatile styling for men, women and children. Products are sold globally through chain, department and specialty stores, independent distributors and licensees, independently-operated partnership stores, concession retail stores, VF-operated stores, on websites with strategic digital partners and online at www.timberland.com. The Timberland reporting unit is included in the Outdoor reportable segment. The fair values of the Timberland reporting unit and indefinite-lived trademark intangible asset were estimated using valuation techniques consistent with those discussed in the Critical Accounting Policies and Estimates section included in Management's Discussion and Analysis in the Fiscal 2023 Form 10-K. Management's revenue and profitability forecasts used in the Timberland reporting unit and indefinite-lived trademark intangible asset valuations considered recent and historical performance, strategic initiatives, industry trends and macroeconomic factors. Assumptions used in the valuations were similar to those that would be used by market participants performing independent valuations of the business. Key assumptions developed by management and used in the quantitative analysis of the Timberland reporting unit and indefinite-lived trademark intangible asset include: • Financial projections and future cash flows that considered recent historical results, actual results lower than previous internal forecasts, with forecasted revenue growth and profitability improvement throughout the forecast period that reflects the long-term strategy for the business with a return to historical averages, and terminal growth rates based on the expected long-term growth rate of the business; • Tax rates based on the statutory rates for the countries in which the brand operates and the related intellectual property is domiciled; • Royalty rates based on market data as well as active license agreements for the brand and similar VF brands; and, • Market-based discount rates. The valuation model used by management in the impairment testing assumes recovery from the recent downturn in the brand's operating results and the return to revenue growth and improved profitability over the projection period. If the brand is unable to achieve the financial projections, an impairment on the indefinite-lived trademark intangible asset or additional impairment on the reporting unit goodwill could occur in the future. Dickies Reporting Unit and Indefinite-Lived Intangible Asset Impairment Analysis September 30, 2023 Testing During the three months ended September 2023, management determined that the recent downturn in the Dickies historical financial results, combined with a downward revision to the latest Fiscal 2024 forecast, was a triggering event that required management to perform a quantitative impairment analysis of both the Dickies reporting unit goodwill and the Dickies indefinite-lived trademark intangible asset. Based on the analysis, management concluded both the goodwill and indefinite-lived intangible asset were not impaired. For goodwill, the estimated fair value of the reporting unit exceeded the carrying value by 8%. The estimated fair value of the indefinite-lived trademark intangible asset exceeded its carrying value by a significant amount. The carrying values of the goodwill and indefinite-lived trademark intangible asset at the September 30, 2023 testing date were $61.2 million and $290.0 million, respectively. December 30, 2023 Testing During the three months ended December 2023, management determined that the continued downturn in the Dickies financial results, weakness in certain key U.S. wholesale customer accounts, including lost product placement, and weakness in certain international markets, combined with expectations of a slower recovery, which have resulted in further reductions to the financial projections, was a triggering event that required management to perform a quantitative impairment analysis of both the Dickies reporting unit goodwill and the Dickies indefinite-lived trademark intangible asset. The carrying values of the goodwill and indefinite-lived trademark intangible asset at the December 30, 2023 testing date were $61.8 million and $290.0 million, respectively. Based on the analysis, management concluded that the Dickies reporting unit goodwill was fully impaired and thus recorded an impairment charge of $61.8 million in the Consolidated Statements of Operations for the three and nine months ended December 2023. Based on the analysis, management concluded that the indefinite-lived trademark intangible asset was not impaired and the estimated fair value exceeded its carrying value by a significant amount. The Dickies ® brand, acquired in 2017, is a leader in authentic, functional, durable and affordable workwear and has expanded to produce work-inspired, casual-use products. Products are sold globally through mass merchants, specialty stores, independent distributors and licensees, independently-operated partnership stores, concession retail stores, VF-operated stores, on websites with strategic digital partners and online at www.dickies.com. The Dickies reporting unit is included in the Work reportable segment. The fair values of the Dickies reporting unit and indefinite-lived trademark intangible asset were estimated using valuation techniques consistent with those discussed in the Critical Accounting Policies and Estimates section included in Management's Discussion and Analysis in the Fiscal 2023 Form 10-K. Management's revenue and profitability forecasts used in the Dickies reporting unit and indefinite-lived trademark intangible asset valuations considered recent and historical performance, strategic initiatives, industry trends and macroeconomic factors. Assumptions used in the valuations were similar to those that would be used by market participants performing independent valuations of the business. Key assumptions developed by management and used in the quantitative analysis of the Dickies reporting unit and indefinite-lived trademark intangible asset include: • Financial projections and future cash flows, including a base year that considered recent actual results lower than previous internal forecasts, continued weakness in certain key accounts and markets, slower recovery from the recent downturn, with moderate revenue growth and improved profitability throughout the forecast period that reflects the long-term strategy for the business, and terminal growth rates based on the expected long-term growth rate of the business; • Tax rates based on the statutory rates for the countries in which the brand operates and the related intellectual property is domiciled; • Royalty rates based on market data as well as active license agreements for the brand and similar VF brands; and, • Market-based discount rates. The valuation model used by management in the impairment testing assumes recovery from the recent downturn in the brand's operating results and the return to revenue growth and improved profitability over the projection period. If the brand is unable to achieve the financial projections, an impairment of the indefinite-lived trademark intangible asset could occur in the future. Management's Use of Estimates and Assumptions Management made its estimates based on information available as of the date of our assessments, using assumptions we believe market participants would use in performing an independent valuation of the business. Although management believes the estimates and assumptions used in the impairment testing are reasonable and appropriate, it is possible that VF's assumptions and conclusions regarding impairment or recoverability of the Timberland reporting unit goodwill or the Timberland and Dickies indefinite-lived trademark intangible assets could change in future periods. There can be no assurance the estimates and assumptions, particularly our long-term financial projections, used in our goodwill and indefinite-lived intangible asset impairment testing will prove to be accurate predictions of the future, if, for example, (i) the businesses do not perform as projected, (ii) overall economic conditions in the remainder of Fiscal 2024 or future years vary from current assumptions (including changes in discount rates, royalty rates and foreign currency exchange rates), (iii) business conditions or strategies change from current assumptions, including loss of major customers or channels, (iv) investors require higher rates of return on equity investments in the marketplace, or (v) enterprise values of comparable publicly traded companies, or actual sales transactions of comparable companies, were to decline, resulting in lower multiples of revenues and earnings before interest, tax, depreciation and amortization ("EBITDA"). A future impairment charge of the Timberland reporting unit goodwill or the Timberland and Dickies indefinite-lived trademark intangible assets could have a material effect on VF's consolidated financial position and results of operations. The Company owns a broad, diverse portfolio of other brands and businesses for which material amounts of goodwill and intangible assets have been recorded in the Consolidated Balance Sheets. Management continuously evaluates the current and future performance of VF's brands and businesses, as well as other relevant factors, in assessing the recoverability of these assets. There can be no assurances that the estimates and assumptions used in our long-term financial projections, among other factors, will prove to be accurate predictions of the future. As such, a future impairment charge of goodwill or intangible assets could occur, and if so, could have a material effect on VF's consolidated financial position and results of operations.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES	9 Months Ended
	Dec. 30, 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 were $3.0 billion at December 2023, $3.4 billion at March 2023 and $3.3 billion at December 2022, consisting primarily of contracts hedging exposures to the euro, British pound, Canadian dollar, Swiss franc, Mexican peso, South Korean won, Chinese renminbi, Swedish krona, Polish zloty and Japanese yen. These derivative contracts have maturities up to 20 months. The notional amounts of VF's outstanding interest rate swap contracts were $500.0 million at December 2023, March 2023 and December 2022. The following table presents outstanding derivatives on an individual contract basis: Fair Value of Derivatives Fair Value of Derivatives (In thousands) December 2023 March 2023 December 2022 December 2023 March 2023 December 2022 Derivatives Designated as Hedging Instruments: Foreign exchange contracts $ 13,901 $ 46,752 $ 80,435 $ (63,897) $ (71,052) $ (58,455) Interest rate contracts 1,737 — 422 — (1,140) — Total derivatives designated as hedging instruments 15,638 46,752 80,857 (63,897) (72,192) (58,455) Derivatives Not Designated as Hedging Instruments: Foreign exchange contracts 166 2,936 4,061 (803) (461) (321) Total derivatives $ 15,804 $ 49,688 $ 84,918 $ (64,700) $ (72,653) $ (58,776) 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 would be adjusted from the current gross presentation to the net amounts as detailed in the following table: December 2023 March 2023 December 2022 (In thousands) Derivative Derivative Derivative Derivative Derivative Derivative Gross amounts presented in the Consolidated Balance Sheets $ 15,804 $ (64,700) $ 49,688 $ (72,653) $ 84,918 $ (58,776) Gross amounts not offset in the Consolidated Balance Sheets (15,011) 15,011 (26,470) 26,470 (24,024) 24,024 Net amounts $ 793 $ (49,689) $ 23,218 $ (46,183) $ 60,894 $ (34,752) Derivatives are classified as current or noncurrent based on maturity dates, as follows: (In thousands) December 2023 March 2023 December 2022 Derivative Instruments Balance Sheet Location Foreign exchange contracts Other current assets $ 12,261 $ 48,132 $ 79,862 Foreign exchange contracts Accrued liabilities (55,562) (59,995) (42,274) Foreign exchange contracts Other assets 1,806 1,556 4,634 Foreign exchange contracts Other liabilities (9,138) (11,518) (16,502) Interest rate contracts Other current assets 1,737 — — Interest rate contracts Other assets — — 422 Interest rate contracts Other liabilities — (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 swap contracts to hedge against a portion of the exposure related to its interest payments on its variable-rate debt. The effects of cash flow hedging included in VF’s Consolidated Statements of Comprehensive Income (Loss) and Consolidated Statements of Operations are summarized as follows: (In thousands) Gain (Loss) on Derivatives Recognized in Accumulated OCL Three Months Ended December Gain (Loss) on Derivatives Recognized in Accumulated OCL Nine Months Ended December Cash Flow Hedging Relationships 2023 2022 2023 2022 Foreign exchange contracts $ (71,398) $ (120,057) $ (42,049) $ 82,058 Interest rate contracts (1,977) 422 5,829 422 Total $ (73,375) $ (119,635) $ (36,220) $ 82,480 (In thousands) Gain (Loss) Reclassified from Accumulated OCL into Net Income (Loss) Three Months Ended December Gain (Loss) Reclassified from Accumulated OCL into Net Income (Loss) Nine Months Ended December Cash Flow Hedging Relationships Location of Gain (Loss) 2023 2022 2023 2022 Foreign exchange contracts Net revenues $ (794) $ 782 $ (220) $ (9,173) Foreign exchange contracts Cost of goods sold (2,697) 33,816 14,777 68,830 Foreign exchange contracts Selling, general and administrative expenses 833 1,816 3,141 5,380 Foreign exchange contracts Other income (expense), net 536 (3,536) (725) (9,065) Interest rate contracts Interest expense 1,210 27 3,033 81 Total $ (912) $ 32,905 $ 20,006 $ 56,053 Derivative Contracts Not Designated as Hedges VF uses foreign currency exchange contracts to manage foreign currency exchange risk on third-party and intercompany 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. During the nine months ended December 2023, certain derivative contracts were de-designated as the related hedged forecasted transactions were no longer deemed probable of occurring. Accordingly, the Company reclassified amounts from accumulated OCL and recognized an $8.3 million loss in cost of goods sold during the nine months ended December 2023. Other Derivative Information A t December 2023, accumulated OCL included $40.7 million of pre-tax net deferred losses for foreign currency exchange contracts and a $1.7 million pre-tax deferred gain for interest rate swap contracts, which 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 and euro commercial paper borrowings, which represented €2.0 billion in aggregate principal as of December 2023, 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 OCL as an offset to the foreign currency translation adjustments on the hedged investments. During the three and nine-month periods ended December 2023, the Company recognized an after-tax loss of $74.8 million and $19.3 million, respectively, in other comprehensive income (loss) related to the net investment hedge transaction, and an after-tax loss of $126.5 million and an after-tax gain of $45.2 million for the three and nine-month periods ended December 2022, respectively. Any amounts deferred in accumulated OCL will remain until the hedged investment is sold or substantially liquidated.

RESTRUCTURING

RESTRUCTURING	9 Months Ended
	Dec. 30, 2023
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURING The Company incurs restructuring charges related to strategic initiatives and cost optimization of business activities. Beginning in the three months ended December 2023, restructuring costs include charges related to Reinvent, a transformation program to enhance focus on brand-building and to improve operating performance and allow VF to achieve its full potential. The Company currently estimates that it will incur approximately $80.0 million to $130.0 million in restructuring and restructuring-related charges in connection with Reinvent, and that substantially all actions will be completed by the end of Fiscal 2025. Of the total estimated charges, the Company anticipates that approximately one-half will relate to severance and employee-related benefits and that the remainder will relate to asset impairments and other non-cash write-downs. Cash payments are generally expected to be paid within one year of charges incurred. During the three and nine months ended December 2023, VF recorded $50.3 million of charges in connection with Reinvent, of which $31.6 million related to severance and employee-related benefits and $18.7 million related to non-cash asset write-downs. As of December 2023, $3.7 million of cash payments related to the Reinvent charges have been made. During the three and nine months ended December 2023, VF recognized $50.8 million and $51.9 million, respectively, of total restructuring charges, related to approved initiatives. Of the total restructuring charges recognized in the three and nine months ended December 2023, $46.6 million and $47.7 million were reflected in selling, general and administrative expenses, respectively, and $4.2 million in cost of goods sold in both periods. The Company has not recognized any significant incremental costs related to accruals for the year ended March 2023 or prior periods. Of the $45.2 million total restructuring accrual at December 2023, $43.7 million is expected to be paid out within the next 12 months and is classified within accrued liabilities. The remaining $1.5 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: Three Months Ended December Nine Months Ended December (In thousands) 2023 2022 2023 2022 Severance and employee-related benefits $ 31,602 $ 10,607 $ 32,278 $ 50,165 Asset impairments and write-downs 18,739 — 18,739 — Accelerated depreciation — 25 — 7,276 Contract termination and other 435 460 889 5,563 Total restructuring charges $ 50,776 $ 11,092 $ 51,906 $ 63,004 Restructuring costs by business segment are as follows: Three Months Ended December Nine Months Ended December (In thousands) 2023 2022 2023 2022 Outdoor $ — $ 391 $ 242 $ 887 Active — — 434 1,478 Work — — — 9 Corporate and other 50,776 10,701 51,230 60,630 Total $ 50,776 $ 11,092 $ 51,906 $ 63,004 The activity in the restructuring accrual for the nine-month period ended December 2023 was as follows: (In thousands) Severance Other Total Accrual at March 2023 $ 38,721 $ 6,545 $ 45,266 Charges 32,278 — 32,278 Cash payments and settlements (24,574) (4,839) (29,413) Adjustments to accruals (2,398) (582) (2,980) Impact of foreign currency 37 26 63 Accrual at December 2023 $ 44,064 $ 1,150 $ 45,214

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Dec. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENT On January 23, 2024, VF’s Board of Directors declared a quarterly cash dividend of $0.09 per share, payable on March 20, 2024 to stockholders of record on March 11, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income (loss)	$ (42,452)	$ 507,868	$ (550,574)	$ 333,476

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Dec. 30, 2023
Accounting Policies [Abstract]
Fiscal Year	Fiscal Year
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X and do not include all of the information and notes required by generally accepted accounting principles in the United States of America (“GAAP”) for complete financial statements. Similarly, the March 2023 consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP. In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all normal and recurring adjustments necessary to fairly state the consolidated financial position, results of operations and cash flows of VF for the interim periods presented. Operating results for the three and nine months ended December 2023 are not necessarily indicative of results that may be expected for any other interim period or for Fiscal 2024. For further information, refer to the consolidated financial statements and notes included in VF’s Annual Report on Form 10-K for the year ended April 1, 2023 (“Fiscal 2023 Form 10-K”).
Use of Estimates	Use of Estimates In preparing the interim consolidated financial statements, management makes estimates and assumptions that affect amounts reported in the interim consolidated financial statements and accompanying notes. Actual results may differ from those estimates.
Recently Adopted and Issued Accounting Standards	Recently Adopted Accounting Standards In March 2020, January 2021 and December 2022, the Financial Accounting Standards Board (" FASB") issued Accounting Standards Update (" 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 guidance is provided to ease the potential burden of accounting for reference rate reform. During the first quarter of Fiscal 2024, the Company amended the terms of its $2.25 billion senior unsecured revolving line of credit (the “Global Credit Facility”), which replaced the LIBOR benchmark interest rate with a benchmark interest rate based on the forward-looking secured overnight financing rate ("Term SOFR"). This guidance was adopted in the first quarter of Fiscal 2024, but did not impact 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 became effective for VF in the first quarter of Fiscal 2024, except for the rollforward information that will be effective for annual periods beginning in Fiscal 2025 on a prospective basis. Early adoption is permitted. The Company adopted the required guidance in the first quarter of Fiscal 2024 and is evaluating the impact of adopting the guidance related to the rollforward information. Refer to Note 9 for disclosures related to the Company’s supply chain financing program. Recently Issued Accounting Standards In November 2023, the FASB issued ASU No. 2023-07, " Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" , which updates reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses that are regularly provided to the individual or group identified as the chief operating decision maker ("CODM"). The guidance also requires disclosure of the title and position of the CODM and how reported measures of segment profit or loss are used to assess performance and allocate resources. The guidance will be effective for annual disclosures beginning in Fiscal 2025, and has expanded requirements to include all annual disclosures about a reportable segment's profit or loss and assets in subsequent interim periods. Early adoption is permitted. The guidance requires retrospective application to all prior periods presented in the financial statements. The Company is evaluating the impact that adopting this guidance will have on VF's disclosures. In December 2023, the FASB issued ASU No. 2023-09, " Income Taxes (Topic 740): Improvements to Income Tax Disclosures" , which is intended to enhance the transparency and decision usefulness of income tax disclosures by requiring that an entity, on an annual basis, disclose additional income tax information, primarily related to the rate reconciliation and income taxes paid. The rate reconciliation disclosures will require specific categories and additional information for reconciling items that meet a quantitative threshold. The income taxes paid disclosures will require disaggregation by individual jurisdictions that are greater than 5% of total income taxes paid. The guidance will be effective for annual disclosures beginning in Fiscal 2026. Early adoption is permitted. The amendments are required to be applied on a prospective basis; however, retrospective application is permitted. The Company is evaluating the impact that adopting this guidance will have on VF's disclosures.
Fair Value Measurement	Financial assets and financial liabilities measured and reported at fair value are classified in a three-level hierarchy that prioritizes the inputs used in the valuation process. A financial instrument’s categorization within the valuation hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The hierarchy is based on the observability and objectivity of the pricing inputs, as follows: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Significant directly observable data (other than Level 1 quoted prices) or significant indirectly observable data through corroboration with observable market data. Inputs would normally be (i) quoted prices in active markets for similar assets or liabilities, (ii) quoted prices in inactive markets for identical or similar assets or liabilities, or (iii) information derived from or corroborated by observable market data. • Level 3 — Prices or valuation techniques that require significant unobservable data inputs. These inputs would normally be VF’s own data and judgments about assumptions that market participants would use in pricing the asset or liability.

REVENUES (Tables)

REVENUES (Tables)	9 Months Ended
	Dec. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Contract Assets and Contract Liabilities	The following table provides information about contract assets and contract liabilities: (In thousands) December 2023 March 2023 December 2022 Contract assets (a) $ 1,877 $ 2,294 $ 1,273 Contract liabilities (b) 67,103 62,214 80,456 (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 Revenues	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. Three Months Ended December 2023 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 734,130 $ 264,606 $ 157,841 $ — $ 1,156,577 Direct-to-consumer 999,694 728,479 58,038 — 1,786,211 Royalty 4,755 6,311 6,429 — 17,495 Total $ 1,738,579 $ 999,396 $ 222,308 $ — $ 2,960,283 Geographic revenues Americas $ 821,506 $ 578,955 $ 185,916 $ — $ 1,586,377 Europe 622,377 267,075 22,829 — 912,281 Asia-Pacific 294,696 153,366 13,563 — 461,625 Total $ 1,738,579 $ 999,396 $ 222,308 $ — $ 2,960,283 Three Months Ended December 2022 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 973,292 $ 401,521 $ 198,956 $ — $ 1,573,769 Direct-to-consumer 1,023,428 850,167 63,773 — 1,937,368 Royalty 6,325 6,994 6,211 — 19,530 Total $ 2,003,045 $ 1,258,682 $ 268,940 $ — $ 3,530,667 Geographic revenues Americas $ 1,110,134 $ 766,394 $ 217,408 $ — $ 2,093,936 Europe 643,740 312,857 26,752 — 983,349 Asia-Pacific 249,171 179,431 24,780 — 453,382 Total $ 2,003,045 $ 1,258,682 $ 268,940 $ — $ 3,530,667 Nine Months Ended December 2023 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 2,499,604 $ 1,163,874 $ 496,630 $ — $ 4,160,108 Direct-to-consumer 1,769,098 1,964,645 137,649 — 3,871,392 Royalty 13,253 19,173 16,932 — 49,358 Total $ 4,281,955 $ 3,147,692 $ 651,211 $ — $ 8,080,858 Geographic revenues Americas $ 2,021,660 $ 1,790,686 $ 526,355 $ — $ 4,338,701 Europe 1,567,804 915,086 75,776 — 2,558,666 Asia-Pacific 692,491 441,920 49,080 — 1,183,491 Total $ 4,281,955 $ 3,147,692 $ 651,211 $ — $ 8,080,858 Nine Months Ended December 2022 (In thousands) Outdoor Active Work Other Total Channel revenues Wholesale $ 2,602,744 $ 1,524,712 $ 608,972 $ 148 $ 4,736,576 Direct-to-consumer 1,710,437 2,226,870 145,274 — 4,082,581 Royalty 13,816 21,155 18,734 — 53,705 Total $ 4,326,997 $ 3,772,737 $ 772,980 $ 148 $ 8,872,862 Geographic revenues Americas $ 2,325,405 $ 2,282,005 $ 625,565 $ 148 $ 5,233,123 Europe 1,447,353 994,783 68,255 — 2,510,391 Asia-Pacific 554,239 495,949 79,160 — 1,129,348 Total $ 4,326,997 $ 3,772,737 $ 772,980 $ 148 $ 8,872,862

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Dec. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Inventories	(In thousands) December 2023 March 2023 December 2022 Finished products $ 2,093,174 $ 2,240,215 $ 2,535,759 Work-in-process 43,453 39,508 41,307 Raw materials 11,592 13,067 14,849 Total inventories $ 2,148,219 $ 2,292,790 $ 2,591,915

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	9 Months Ended
	Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite Lived Intangible Assets	December 2023 March 2023 (In thousands) Weighted Amortization Cost Accumulated Net Net Amortizable intangible assets: Customer relationships and other 19 years Accelerated $ 264,610 $ 185,650 $ 78,960 $ 88,902 Indefinite-lived intangible assets: Trademarks and trade names 2,557,785 2,553,919 Intangible assets, net $ 2,636,745 $ 2,642,821
Schedule of Indefinite Lived Intangible Assets	December 2023 March 2023 (In thousands) Weighted Amortization Cost Accumulated Net Net Amortizable intangible assets: Customer relationships and other 19 years Accelerated $ 264,610 $ 185,650 $ 78,960 $ 88,902 Indefinite-lived intangible assets: Trademarks and trade names 2,557,785 2,553,919 Intangible assets, net $ 2,636,745 $ 2,642,821

GOODWILL (Tables)

GOODWILL (Tables)	9 Months Ended
	Dec. 30, 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 2023 $ 653,787 $ 1,211,244 $ 113,382 $ 1,978,413 Impairment charges (195,287) — (61,809) (257,096) Foreign currency translation 1,259 1,135 (73) 2,321 Balance, December 2023 $ 459,759 $ 1,212,379 $ 51,500 $ 1,723,638

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Dec. 30, 2023
Leases [Abstract]
Schedule of Components of Lease Expense	Total lease cost includes operating lease cost, variable lease cost, finance lease cost, short-term lease cost and impairment. Components of lease cost were as follows: Three Months Ended December Nine Months Ended December (In thousands) 2023 2022 2023 2022 Operating lease cost $ 104,266 $ 103,127 $ 316,368 $ 306,259 Other lease cost 44,520 37,784 116,809 104,960 Total lease cost $ 148,786 $ 140,911 $ 433,177 $ 411,219

PENSION PLANS (Tables)

PENSION PLANS (Tables)	9 Months Ended
	Dec. 30, 2023
Retirement Benefits [Abstract]
Schedule of Components of Pension Cost	The components of pension cost for VF’s defined benefit plans were as follows: Three Months Ended December Nine Months Ended December (In thousands) 2023 2022 2023 2022 Service cost – benefits earned during the period $ 2,224 $ 2,632 $ 6,653 $ 7,904 Interest cost on projected benefit obligations 11,763 10,754 35,350 34,065 Expected return on plan assets (15,882) (14,752) (47,661) (48,364) Settlement charges 131 695 3,430 93,597 Amortization of deferred amounts: Net deferred actuarial losses 4,106 3,858 12,508 11,532 Deferred prior service credits (136) (112) (408) (335) Net periodic pension cost $ 2,206 $ 3,075 $ 9,872 $ 98,399

CAPITAL AND ACCUMULATED OTHER_2

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
	Dec. 30, 2023
Equity [Abstract]
Schedule of Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in Accumulated OCI	The deferred components of other comprehensive income (loss) are reported, net of related income taxes, in accumulated OCL in stockholders’ equity, as follows: (In thousands) December 2023 March 2023 December 2022 Foreign currency translation and other $ (856,853) $ (859,651) $ (841,877) Defined benefit pension plans (155,701) (167,692) (164,346) Derivative financial instruments (38,819) 7,825 76,635 Accumulated other comprehensive loss $ (1,051,373) $ (1,019,518) $ (929,588) The changes in accumulated OCL, net of related taxes, were as follows: Three Months Ended December 2023 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, September 2023 $ (878,089) $ (155,638) $ 22,022 $ (1,011,705) Other comprehensive income (loss) before reclassifications 21,236 (3,002) (61,585) (43,351) Amounts reclassified from accumulated other comprehensive loss — 2,939 744 3,683 Net other comprehensive income (loss) 21,236 (63) (60,841) (39,668) Balance, December 2023 $ (856,853) $ (155,701) $ (38,819) $ (1,051,373) Three Months Ended December 2022 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, September 2022 $ (883,846) $ (166,545) $ 206,226 $ (844,165) Other comprehensive income (loss) before reclassifications 41,969 (850) (101,665) (60,546) Amounts reclassified from accumulated other comprehensive loss — 3,049 (27,926) (24,877) Net other comprehensive income (loss) 41,969 2,199 (129,591) (85,423) Balance, December 2022 $ (841,877) $ (164,346) $ 76,635 $ (929,588) Nine Months Ended December 2023 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, March 2023 $ (859,651) $ (167,692) $ 7,825 $ (1,019,518) Other comprehensive income (loss) before reclassifications 2,798 762 (30,144) (26,584) Amounts reclassified from accumulated other comprehensive loss — 11,229 (16,500) (5,271) Net other comprehensive income (loss) 2,798 11,991 (46,644) (31,855) Balance, December 2023 $ (856,853) $ (155,701) $ (38,819) $ (1,051,373) Nine Months Ended December 2022 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, March 2022 $ (751,632) $ (230,290) $ 55,343 $ (926,579) Other comprehensive income (loss) before reclassifications (90,245) (11,226) 68,719 (32,752) Amounts reclassified from accumulated other comprehensive loss — 77,170 (47,427) 29,743 Net other comprehensive income (loss) (90,245) 65,944 21,292 (3,009) Balance, December 2022 $ (841,877) $ (164,346) $ 76,635 $ (929,588)
Schedule of Reclassifications Out of Accumulated OCI	Reclassifications out of accumulated OCL were as follows: (In thousands) Three Months Ended December Nine Months Ended December Details About Accumulated Other Comprehensive Loss Components Affected Line Item in the Consolidated Statements of Operations 2023 2022 2023 2022 Amortization of defined benefit pension plans: Net deferred actuarial losses Other income (expense), net $ (4,106) $ (3,858) $ (12,508) $ (11,532) Deferred prior service credits Other income (expense), net 136 112 408 335 Pension settlement charges Other income (expense), net (131) (695) (3,430) (93,597) Total before tax (4,101) (4,441) (15,530) (104,794) Tax benefit 1,162 1,392 4,301 27,624 Net of tax (2,939) (3,049) (11,229) (77,170) Gains (losses) on derivative financial instruments: Foreign exchange contracts Net revenues (794) 782 (220) (9,173) Foreign exchange contracts Cost of goods sold (2,697) 33,816 14,777 68,830 Foreign exchange contracts Selling, general and administrative expenses 833 1,816 3,141 5,380 Foreign exchange contracts Other income (expense), net 536 (3,536) (725) (9,065) Interest rate contracts Interest expense 1,210 27 3,033 81 Total before tax (912) 32,905 20,006 56,053 Tax expense 168 (4,979) (3,506) (8,626) Net of tax (744) 27,926 16,500 47,427 Total reclassifications for the period, net of tax $ (3,683) $ 24,877 $ 5,271 $ (29,743)

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Dec. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Assumption Used and Resulting Weighted Average Fair Value of Stock Option Granted	The grant date fair value of each option award was calculated using a lattice option-pricing valuation model, which incorporated a range of assumptions for inputs as follows: Nine Months Ended December 2023 Expected volatility 33% to 52% Weighted average expected volatility 42% Expected term (in years) 5.9 to 7.8 Weighted average dividend yield 3.8% Risk-free interest rate 3.80% to 5.50% Weighted average fair value at date of grant $5.73

REPORTABLE SEGMENT INFORMATION

REPORTABLE SEGMENT INFORMATION (Tables)	9 Months Ended
	Dec. 30, 2023
Segment Reporting [Abstract]
Schedule of Financial Information for Reportable Segments	Financial information for VF's reportable segments is as follows: Three Months Ended December Nine Months Ended December (In thousands) 2023 2022 2023 2022 Segment revenues: Outdoor $ 1,738,579 $ 2,003,045 $ 4,281,955 $ 4,326,997 Active 999,396 1,258,682 3,147,692 3,772,737 Work 222,308 268,940 651,211 772,980 Other — — — 148 Total segment revenues $ 2,960,283 $ 3,530,667 $ 8,080,858 $ 8,872,862 Segment profit (loss): Outdoor $ 304,741 $ 457,027 $ 557,830 $ 670,615 Active (a) 94,020 146,885 351,772 541,171 Work (1,864) 18,487 13,482 92,989 Other — (134) — (516) Total segment profit 396,897 622,265 923,084 1,304,259 Impairment of goodwill and intangible assets (257,096) — (257,096) (421,922) Corporate and other expenses (142,004) (116,133) (321,333) (507,656) Interest expense, net (63,338) (50,230) (168,701) (115,395) Income (loss) before income taxes $ (65,541) $ 455,902 $ 175,954 $ 259,286 (a) Includes legal settlement gains of $29.1 million in the three and nine months ended December 2023.

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	9 Months Ended
	Dec. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Basic and Diluted	Three Months Ended December Nine Months Ended December (In thousands, except per share amounts) 2023 2022 2023 2022 Earnings (loss) per common share – basic: Net income (loss) $ (42,452) $ 507,868 $ (550,574) $ 333,476 Weighted average common shares outstanding 388,383 387,739 388,294 387,663 Earnings (loss) per common share $ (0.11) $ 1.31 $ (1.42) $ 0.86 Earnings (loss) per common share – diluted: Net income (loss) $ (42,452) $ 507,868 $ (550,574) $ 333,476 Weighted average common shares outstanding 388,383 387,739 388,294 387,663 Incremental shares from stock options and other dilutive securities — 453 — 694 Adjusted weighted average common shares outstanding 388,383 388,192 388,294 388,357 Earnings (loss) per common share $ (0.11) $ 1.31 $ (1.42) $ 0.86

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Dec. 30, 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 Value Fair Value Measurement Using (a) (In thousands) Level 1 Level 2 Level 3 December 2023 Financial assets: Cash equivalents: Money market funds $ 69,840 $ 69,840 $ — $ — Time deposits 27,659 27,659 — — Derivative financial instruments 15,804 — 15,804 — Deferred compensation 91,666 91,666 — — Financial liabilities: Derivative financial instruments 64,700 — 64,700 — Deferred compensation 88,566 — 88,566 — Total Fair Value 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 — (a) There were no transfers among the levels within the fair value hierarchy during the nine months ended December 2023 or the year ended March 2023.

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	9 Months Ended
	Dec. 30, 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) December 2023 March 2023 December 2022 December 2023 March 2023 December 2022 Derivatives Designated as Hedging Instruments: Foreign exchange contracts $ 13,901 $ 46,752 $ 80,435 $ (63,897) $ (71,052) $ (58,455) Interest rate contracts 1,737 — 422 — (1,140) — Total derivatives designated as hedging instruments 15,638 46,752 80,857 (63,897) (72,192) (58,455) Derivatives Not Designated as Hedging Instruments: Foreign exchange contracts 166 2,936 4,061 (803) (461) (321) Total derivatives $ 15,804 $ 49,688 $ 84,918 $ (64,700) $ (72,653) $ (58,776)
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 would be adjusted from the current gross presentation to the net amounts as detailed in the following table: December 2023 March 2023 December 2022 (In thousands) Derivative Derivative Derivative Derivative Derivative Derivative Gross amounts presented in the Consolidated Balance Sheets $ 15,804 $ (64,700) $ 49,688 $ (72,653) $ 84,918 $ (58,776) Gross amounts not offset in the Consolidated Balance Sheets (15,011) 15,011 (26,470) 26,470 (24,024) 24,024 Net amounts $ 793 $ (49,689) $ 23,218 $ (46,183) $ 60,894 $ (34,752)
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 would be adjusted from the current gross presentation to the net amounts as detailed in the following table: December 2023 March 2023 December 2022 (In thousands) Derivative Derivative Derivative Derivative Derivative Derivative Gross amounts presented in the Consolidated Balance Sheets $ 15,804 $ (64,700) $ 49,688 $ (72,653) $ 84,918 $ (58,776) Gross amounts not offset in the Consolidated Balance Sheets (15,011) 15,011 (26,470) 26,470 (24,024) 24,024 Net amounts $ 793 $ (49,689) $ 23,218 $ (46,183) $ 60,894 $ (34,752)
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) December 2023 March 2023 December 2022 Derivative Instruments Balance Sheet Location Foreign exchange contracts Other current assets $ 12,261 $ 48,132 $ 79,862 Foreign exchange contracts Accrued liabilities (55,562) (59,995) (42,274) Foreign exchange contracts Other assets 1,806 1,556 4,634 Foreign exchange contracts Other liabilities (9,138) (11,518) (16,502) Interest rate contracts Other current assets 1,737 — — Interest rate contracts Other assets — — 422 Interest rate contracts Other liabilities — (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 Comprehensive Income (Loss) and Consolidated Statements of Operations are summarized as follows: (In thousands) Gain (Loss) on Derivatives Recognized in Accumulated OCL Three Months Ended December Gain (Loss) on Derivatives Recognized in Accumulated OCL Nine Months Ended December Cash Flow Hedging Relationships 2023 2022 2023 2022 Foreign exchange contracts $ (71,398) $ (120,057) $ (42,049) $ 82,058 Interest rate contracts (1,977) 422 5,829 422 Total $ (73,375) $ (119,635) $ (36,220) $ 82,480 (In thousands) Gain (Loss) Reclassified from Accumulated OCL into Net Income (Loss) Three Months Ended December Gain (Loss) Reclassified from Accumulated OCL into Net Income (Loss) Nine Months Ended December Cash Flow Hedging Relationships Location of Gain (Loss) 2023 2022 2023 2022 Foreign exchange contracts Net revenues $ (794) $ 782 $ (220) $ (9,173) Foreign exchange contracts Cost of goods sold (2,697) 33,816 14,777 68,830 Foreign exchange contracts Selling, general and administrative expenses 833 1,816 3,141 5,380 Foreign exchange contracts Other income (expense), net 536 (3,536) (725) (9,065) Interest rate contracts Interest expense 1,210 27 3,033 81 Total $ (912) $ 32,905 $ 20,006 $ 56,053

RESTRUCTURING (Tables)

RESTRUCTURING (Tables)	9 Months Ended
	Dec. 30, 2023
Restructuring and Related Activities [Abstract]
Schedule of Activity in Restructuring	The components of the restructuring charges are as follows: Three Months Ended December Nine Months Ended December (In thousands) 2023 2022 2023 2022 Severance and employee-related benefits $ 31,602 $ 10,607 $ 32,278 $ 50,165 Asset impairments and write-downs 18,739 — 18,739 — Accelerated depreciation — 25 — 7,276 Contract termination and other 435 460 889 5,563 Total restructuring charges $ 50,776 $ 11,092 $ 51,906 $ 63,004 Restructuring costs by business segment are as follows: Three Months Ended December Nine Months Ended December (In thousands) 2023 2022 2023 2022 Outdoor $ — $ 391 $ 242 $ 887 Active — — 434 1,478 Work — — — 9 Corporate and other 50,776 10,701 51,230 60,630 Total $ 50,776 $ 11,092 $ 51,906 $ 63,004 The activity in the restructuring accrual for the nine-month period ended December 2023 was as follows: (In thousands) Severance Other Total Accrual at March 2023 $ 38,721 $ 6,545 $ 45,266 Charges 32,278 — 32,278 Cash payments and settlements (24,574) (4,839) (29,413) Adjustments to accruals (2,398) (582) (2,980) Impact of foreign currency 37 26 63 Accrual at December 2023 $ 44,064 $ 1,150 $ 45,214

RECENTLY ADOPTED AND ISSUED A_2

RECENTLY ADOPTED AND ISSUED ACCOUNTING STANDARDS (Details) - USD ($)	Sep. 30, 2023	Jul. 01, 2023
Global Credit Facility
Debt Instrument [Line Items]
Aggregate principal amount	$ 2,250,000,000	$ 2,250,000,000

REVENUES - Contract Assets and

REVENUES - Contract Assets and Contract Liabilities (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Apr. 01, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract assets	$ 1,877	$ 2,294	$ 1,273
Contract liabilities	$ 67,103	$ 62,214	$ 80,456

REVENUES - Additional Informati

REVENUES - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Dec. 30, 2023	Dec. 30, 2023
Revenue from Contract with Customer [Abstract]
Contracts with customer, liability, revenue recognized	$ 59.9	$ 187.1

REVENUES - Additional Informa_2

REVENUES - Additional Information, Remaining Performance Obligation (Details) $ in Millions	Dec. 30, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation, amount	$ 84.6

REVENUES - Disaggregation of Re

REVENUES - Disaggregation of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Net revenues	$ 2,960,283	$ 3,530,667	$ 8,080,858	$ 8,872,862
Americas
Disaggregation of Revenue [Line Items]
Net revenues	1,586,377	2,093,936	4,338,701	5,233,123
Europe
Disaggregation of Revenue [Line Items]
Net revenues	912,281	983,349	2,558,666	2,510,391
Asia-Pacific
Disaggregation of Revenue [Line Items]
Net revenues	461,625	453,382	1,183,491	1,129,348
Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	1,156,577	1,573,769	4,160,108	4,736,576
Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	1,786,211	1,937,368	3,871,392	4,082,581
Royalty
Disaggregation of Revenue [Line Items]
Net revenues	17,495	19,530	49,358	53,705
Operating Segments
Disaggregation of Revenue [Line Items]
Net revenues	2,960,283	3,530,667	8,080,858	8,872,862
Operating Segments | Outdoor
Disaggregation of Revenue [Line Items]
Net revenues	1,738,579	2,003,045	4,281,955	4,326,997
Operating Segments | Outdoor | Americas
Disaggregation of Revenue [Line Items]
Net revenues	821,506	1,110,134	2,021,660	2,325,405
Operating Segments | Outdoor | Europe
Disaggregation of Revenue [Line Items]
Net revenues	622,377	643,740	1,567,804	1,447,353
Operating Segments | Outdoor | Asia-Pacific
Disaggregation of Revenue [Line Items]
Net revenues	294,696	249,171	692,491	554,239
Operating Segments | Outdoor | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	734,130	973,292	2,499,604	2,602,744
Operating Segments | Outdoor | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	999,694	1,023,428	1,769,098	1,710,437
Operating Segments | Outdoor | Royalty
Disaggregation of Revenue [Line Items]
Net revenues	4,755	6,325	13,253	13,816
Operating Segments | Active
Disaggregation of Revenue [Line Items]
Net revenues	999,396	1,258,682	3,147,692	3,772,737
Operating Segments | Active | Americas
Disaggregation of Revenue [Line Items]
Net revenues	578,955	766,394	1,790,686	2,282,005
Operating Segments | Active | Europe
Disaggregation of Revenue [Line Items]
Net revenues	267,075	312,857	915,086	994,783
Operating Segments | Active | Asia-Pacific
Disaggregation of Revenue [Line Items]
Net revenues	153,366	179,431	441,920	495,949
Operating Segments | Active | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	264,606	401,521	1,163,874	1,524,712
Operating Segments | Active | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	728,479	850,167	1,964,645	2,226,870
Operating Segments | Active | Royalty
Disaggregation of Revenue [Line Items]
Net revenues	6,311	6,994	19,173	21,155
Operating Segments | Work
Disaggregation of Revenue [Line Items]
Net revenues	222,308	268,940	651,211	772,980
Operating Segments | Work | Americas
Disaggregation of Revenue [Line Items]
Net revenues	185,916	217,408	526,355	625,565
Operating Segments | Work | Europe
Disaggregation of Revenue [Line Items]
Net revenues	22,829	26,752	75,776	68,255
Operating Segments | Work | Asia-Pacific
Disaggregation of Revenue [Line Items]
Net revenues	13,563	24,780	49,080	79,160
Operating Segments | Work | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	157,841	198,956	496,630	608,972
Operating Segments | Work | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	58,038	63,773	137,649	145,274
Operating Segments | Work | Royalty
Disaggregation of Revenue [Line Items]
Net revenues	6,429	6,211	16,932	18,734
Other
Disaggregation of Revenue [Line Items]
Net revenues	0	0	0	148
Other | Americas
Disaggregation of Revenue [Line Items]
Net revenues	0	0	0	148
Other | Europe
Disaggregation of Revenue [Line Items]
Net revenues	0	0	0	0
Other | Asia-Pacific
Disaggregation of Revenue [Line Items]
Net revenues	0	0	0	0
Other | Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	0	0	0	148
Other | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	0	0	0	0
Other | Royalty
Disaggregation of Revenue [Line Items]
Net revenues	$ 0	$ 0	$ 0	$ 0

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Apr. 01, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Finished products	$ 2,093,174	$ 2,240,215	$ 2,535,759
Work-in-process	43,453	39,508	41,307
Raw materials	11,592	13,067	14,849
Total inventories	$ 2,148,219	$ 2,292,790	$ 2,591,915

INTANGIBLE ASSETS - Schedule of

INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Apr. 01, 2023	Dec. 31, 2022
Indefinite-lived intangible assets:
Trademarks and trade names	$ 2,557,785	$ 2,553,919
Intangible assets, net	$ 2,636,745	2,642,821	$ 2,790,512
Customer relationships and other
Amortizable intangible assets:
Weighted Average Amortization Period	19 years
Cost	$ 264,610
Accumulated Amortization	185,650
Net Carrying Amount	$ 78,960	$ 88,902

INTANGIBLE ASSETS - Additional

INTANGIBLE ASSETS - Additional Information (Details) $ in Millions	3 Months Ended	9 Months Ended
	Dec. 30, 2023 USD ($)	Dec. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 3.5	$ 10.4
Estimated amortization expense, 2024	13.7	13.7
Estimated amortization expense, 2025	13.1	13.1
Estimated amortization expense, 2026	12.2	12.2
Estimated amortization expense, 2027	11.7	11.7
Estimated amortization expense, 2028	$ 10.8	$ 10.8

GOODWILL - Changes in Goodwill

GOODWILL - Changes in Goodwill (Details) $ in Thousands	9 Months Ended
	Dec. 30, 2023 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 1,978,413
Impairment charges	(257,096)
Foreign currency translation	2,321
Goodwill, ending balance	1,723,638
Outdoor
Goodwill [Roll Forward]
Goodwill, beginning balance	653,787
Impairment charges	(195,287)
Foreign currency translation	1,259
Goodwill, ending balance	459,759
Active
Goodwill [Roll Forward]
Goodwill, beginning balance	1,211,244
Impairment charges	0
Foreign currency translation	1,135
Goodwill, ending balance	1,212,379
Work
Goodwill [Roll Forward]
Goodwill, beginning balance	113,382
Impairment charges	(61,809)
Foreign currency translation	(73)
Goodwill, ending balance	$ 51,500

GOODWILL - Additional Informati

GOODWILL - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 30, 2023	Dec. 30, 2023	Apr. 01, 2023
Goodwill [Line Items]
Impairment charges		$ 257,096
Outdoor
Goodwill [Line Items]
Impairment charges		195,287
Accumulated impairment charges	$ 518,500	518,500	$ 323,200
Outdoor | Timberland
Goodwill [Line Items]
Impairment charges	195,300	195,300
Work
Goodwill [Line Items]
Impairment charges		61,809
Accumulated impairment charges	61,800	61,800
Work | Dickies
Goodwill [Line Items]
Impairment charges	61,800	61,800
Active
Goodwill [Line Items]
Impairment charges		0
Accumulated impairment charges	$ 394,100	$ 394,100	$ 394,100

LEASES - Lease Costs (Details)

LEASES - Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease cost	$ 104,266	$ 103,127	$ 316,368	$ 306,259
Other lease cost	44,520	37,784	116,809	104,960
Total lease cost	$ 148,786	$ 140,911	$ 433,177	$ 411,219

LEASES - Additional Information

LEASES - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Cash paid for operating leases	$ 321.1	$ 315
Right-of-use asset obtained in exchange for operating lease liability	$ 220.7	$ 356.1

SHORT-TERM BORROWINGS AND LON_2

SHORT-TERM BORROWINGS AND LONG-TERM DEBT (Details) € in Millions	Sep. 18, 2023 USD ($)	Sep. 18, 2023 EUR (€)	Dec. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Jul. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)
Global Credit Facility
Debt Instrument [Line Items]
Credit facility amount outstanding				$ 2,250,000,000	$ 2,250,000,000
U.S. Commercial Paper Program
Debt Instrument [Line Items]
Commercial paper			$ 437,000,000			$ 889,900,000
0.625% Senior Notes Due September 2023 | Senior Notes Maturity
Debt Instrument [Line Items]
Repayments of senior debt	$ 907,100,000	€ 850
Interest rate	0.625%	0.625%

SUPPLY CHAIN FINANCING PROGRAM

SUPPLY CHAIN FINANCING PROGRAM (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Apr. 01, 2023	Dec. 31, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Accounts payable	$ 974,844	$ 936,319	$ 906,340
SCF Program
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Accounts payable	$ 599,000	$ 510,900	$ 502,800

PENSION PLANS - Components of P

PENSION PLANS - Components of Pension Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
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	$ 2,224	$ 2,632	$ 6,653	7,904
Interest cost on projected benefit obligations	11,763	10,754	35,350	34,065
Expected return on plan assets	(15,882)	(14,752)	(47,661)	(48,364)
Settlement charges	131	695	3,430	93,597
Amortization of deferred amounts:
Net deferred actuarial losses	4,106	3,858	12,508	11,532
Deferred prior service credits	(136)	(112)	(408)	(335)
Net periodic pension cost	$ 2,206	$ 3,075	$ 9,872	$ 98,399

PENSION PLANS - Additional Info

PENSION PLANS - Additional Information (Details) $ in Millions	3 Months Ended				6 Months Ended	9 Months Ended
	Dec. 30, 2023 USD ($)	Jul. 01, 2023	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($) participant	Sep. 30, 2023	Dec. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan contributed						$ 20.6
Defined benefit pension plan additional contributions to make next fiscal year	$ 10.2					10.2
Settlement charges							$ 91.8
Payment for settlement				$ 330
Number of participants | participant				17,700
Supplemental defined benefit pension plan
Defined Benefit Plan Disclosure [Line Items]
Settlement charges	$ 0.1		$ 0.7			$ 3.4	$ 1.8
Discount rate		5.44%			6.10%	5.24%

CAPITAL AND ACCUMULATED OTHER_3

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS - Additional Information (Details) - $ / shares	9 Months Ended
	Dec. 30, 2023	Apr. 01, 2023	Dec. 31, 2022
Repurchase Agreement Counterparty [Line Items]
Treasury shares (in shares)	0	0	0
Common stock (in USD per share)	$ 0.25	$ 0.25	$ 0.25
Share Repurchase Program
Repurchase Agreement Counterparty [Line Items]
Common stock, shares purchased (in shares)	0

CAPITAL AND ACCUMULATED OTHER_4

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS - Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Sep. 30, 2023	Apr. 01, 2023	Dec. 31, 2022	Oct. 01, 2022	Apr. 02, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total stockholders’ equity	$ 2,109,193	$ 2,210,045	$ 2,910,713	$ 3,319,632	$ 3,085,636	$ 3,530,355
Accumulated other comprehensive loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total stockholders’ equity	(1,051,373)	(1,011,705)	(1,019,518)	(929,588)	(844,165)	(926,579)
Foreign currency translation and other
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total stockholders’ equity	(856,853)	(878,089)	(859,651)	(841,877)	(883,846)	(751,632)
Defined benefit pension plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total stockholders’ equity	(155,701)	(155,638)	(167,692)	(164,346)	(166,545)	(230,290)
Derivative financial instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total stockholders’ equity	$ (38,819)	$ 22,022	$ 7,825	$ 76,635	$ 206,226	$ 55,343

CAPITAL AND ACCUMULATED OTHER_5

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS - Changes in Accumulated OCI, Net of Related Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 2,210,045	$ 3,085,636	$ 2,910,713	$ 3,530,355
Other comprehensive income (loss) before reclassifications	(43,351)	(60,546)	(26,584)	(32,752)
Amounts reclassified from accumulated other comprehensive loss	3,683	(24,877)	(5,271)	29,743
Other comprehensive loss	(39,668)	(85,423)	(31,855)	(3,009)
Ending balance	2,109,193	3,319,632	2,109,193	3,319,632
Accumulated other comprehensive loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1,011,705)	(844,165)	(1,019,518)	(926,579)
Other comprehensive loss	(39,668)	(85,423)	(31,855)	(3,009)
Ending balance	(1,051,373)	(929,588)	(1,051,373)	(929,588)
Foreign Currency Translation and Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(878,089)	(883,846)	(859,651)	(751,632)
Other comprehensive income (loss) before reclassifications	21,236	41,969	2,798	(90,245)
Amounts reclassified from accumulated other comprehensive loss	0	0	0	0
Other comprehensive loss	21,236	41,969	2,798	(90,245)
Ending balance	(856,853)	(841,877)	(856,853)	(841,877)
Defined Benefit Pension Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(155,638)	(166,545)	(167,692)	(230,290)
Other comprehensive income (loss) before reclassifications	(3,002)	(850)	762	(11,226)
Amounts reclassified from accumulated other comprehensive loss	2,939	3,049	11,229	77,170
Other comprehensive loss	(63)	2,199	11,991	65,944
Ending balance	(155,701)	(164,346)	(155,701)	(164,346)
Derivative Financial Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	22,022	206,226	7,825	55,343
Other comprehensive income (loss) before reclassifications	(61,585)	(101,665)	(30,144)	68,719
Amounts reclassified from accumulated other comprehensive loss	744	(27,926)	(16,500)	(47,427)
Other comprehensive loss	(60,841)	(129,591)	(46,644)	21,292
Ending balance	$ (38,819)	$ 76,635	$ (38,819)	$ 76,635

CAPITAL AND ACCUMULATED OTHER_6

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS - Reclassification Out of Accumulated OCI (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	$ 30,029	$ (9,901)	$ 22,952	$ (113,895)
Net revenues	2,960,283	3,530,667	8,080,858	8,872,862
Cost of goods sold	(1,327,871)	(1,593,048)	(3,792,168)	(4,134,207)
Selling, general and administrative expenses	(1,407,548)	(1,421,586)	(3,709,891)	(3,828,157)
Total before tax	(65,541)	455,902	175,954	259,286
Tax (expense) benefit	23,089	51,966	(726,528)	74,190
Reclassification out of Accumulated Other Comprehensive Loss Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period, net of tax	(3,683)	24,877	5,271	(29,743)
Reclassification out of Accumulated Other Comprehensive Loss Income | Defined benefit pension plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	(131)	(695)	(3,430)	(93,597)
Total before tax	(4,101)	(4,441)	(15,530)	(104,794)
Tax (expense) benefit	1,162	1,392	4,301	27,624
Total reclassifications for the period, net of tax	(2,939)	(3,049)	(11,229)	(77,170)
Reclassification out of Accumulated Other Comprehensive Loss Income | Net deferred actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	(4,106)	(3,858)	(12,508)	(11,532)
Reclassification out of Accumulated Other Comprehensive Loss Income | Deferred prior service credits
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	136	112	408	335
Reclassification out of Accumulated Other Comprehensive Loss Income | Gains (losses) on derivative financial instruments:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	(912)	32,905	20,006	56,053
Tax (expense) benefit	168	(4,979)	(3,506)	(8,626)
Total reclassifications for the period, net of tax	(744)	27,926	16,500	47,427
Reclassification out of Accumulated Other Comprehensive Loss Income | Gains (losses) on derivative financial instruments: | Foreign exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	536	(3,536)	(725)	(9,065)
Net revenues	(794)	782	(220)	(9,173)
Cost of goods sold	(2,697)	33,816	14,777	68,830
Selling, general and administrative expenses	833	1,816	3,141	5,380
Reclassification out of Accumulated Other Comprehensive Loss Income | Gains (losses) on derivative financial instruments: | Interest rate contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ 1,210	$ 27	$ 3,033	$ 81

STOCK-BASED COMPENSATION - Addi

STOCK-BASED COMPENSATION - Additional Information (Details)	9 Months Ended
	Dec. 30, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period (in shares)	5,837,052
Exercise price of options granted (in USD per share) | $ / shares	$ 18.12
Share based compensation vesting period	3 years
Period of time options become exercisable	1 year
Expiration period	10 years
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted in period (in shares)	709,338
Performance period	3 years
Grant date fair value of each restricted units granted (in USD per share) | $ / shares	$ 18.29
Percentage, revenue growth	50%
Percentage, TSR	50%
Percentage of maximum payout target award	225%
Performance-Based Restricted Stock Units | Valuation Technique, Option Pricing Model
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of each restricted units granted (in USD per share) | $ / shares	$ 0.35
Performance-Based Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ratio of shares of common stock to be issued for each restricted stock unit granted (in shares)	0
Performance-Based Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ratio of shares of common stock to be issued for each restricted stock unit granted (in shares)	2.25
Shareholder Return Performance Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage adjustments in period	25%
Nonperformance-Based Restricted Stock Units | Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period	1 year
Restricted stock units granted in period (in shares)	50,883
Grant date fair value of each restricted units granted (in USD per share) | $ / shares	$ 17.88
Nonperformance-Based Restricted Stock Units | Key Employees In International Jurisdictions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period	4 years
Restricted stock units granted in period (in shares)	3,354,593
Grant date fair value of each restricted units granted (in USD per share) | $ / shares	$ 17.18
Ratio of shares of common stock to be issued for each restricted stock unit granted (in shares)	1

STOCK-BASED COMPENSATION - Assu

STOCK-BASED COMPENSATION - Assumptions Used and Resulting Weighted Average Fair Value of Stock Option Granted (Details)	9 Months Ended
	Dec. 30, 2023 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum	33%
Expected volatility, maximum	52%
Weighted average expected volatility	42%
Weighted average dividend yield	3.80%
Risk-free interest rate, minimum	3.80%
Risk-free interest rate, maximum	5.50%
Weighted average fair value at date of grant (in USD per share)	$ 5.73
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	5 years 10 months 24 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	7 years 9 months 18 days

INCOME TAXES (Details)

INCOME TAXES (Details) $ in Thousands, € in Millions		3 Months Ended			9 Months Ended
	Oct. 19, 2022 USD ($)	Dec. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2018 EUR (€)
Income Tax Contingency [Line Items]
Effective income tax rate					412.90%	(28.60%)
Net discrete tax expense (benefit)					$ 693,600	$ (98,800)
Effective income tax rate reconciliation, tax settlement, amount						$ 94,900
Effective tax rate, excluding discrete items					18.70%	9.50%
Effective tax rate, excluding discrete items, increase (decrease) from prior period					9.20%
Payments for legal settlements	$ 875,700
Interest income		$ 4,211		$ 3,914	$ 14,513	$ 6,020
Income tax examination, period					12 months
Increase in unrecognized tax benefits					$ 900
Unrecognized tax benefits		298,500			298,500
Unrecognized tax benefits, decrease resulting from settlements with taxing authorities					183,000
Unrecognized tax benefits, increase resulting from uncertainty in application of court decisions upheld upon appeal					192,500
Possible decrease in unrecognized income tax benefits		29,400			29,400
Net unrecognized tax benefits and interest, if recognized, would reduce the annual effective tax rate		25,700			25,700
Internal Revenue Service (IRS) | Domestic Tax Authority
Income Tax Contingency [Line Items]
Income tax expense from tax settlements		$ 690,000
Interest income reversal					19,600
Interest income			$ 7,500
Administration of the Treasury, Belgium | Foreign Tax Authority
Income Tax Contingency [Line Items]
Income tax expense from tax settlements					$ 26,100
Income taxes receivable | €							€ 35

REPORTABLE SEGMENT INFORMATIO_2

REPORTABLE SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total segment revenues	$ 2,960,283	$ 3,530,667	$ 8,080,858	$ 8,872,862
Segment profit (loss)	(32,232)	516,033	321,703	488,576
Impairment of goodwill and intangible assets	(257,096)	0	(257,096)	(421,922)
Income (loss) before income taxes	(65,541)	455,902	175,954	259,286
Operating Segments
Segment Reporting Information [Line Items]
Total segment revenues	2,960,283	3,530,667	8,080,858	8,872,862
Segment profit (loss)	396,897	622,265	923,084	1,304,259
Operating Segments | Outdoor
Segment Reporting Information [Line Items]
Total segment revenues	1,738,579	2,003,045	4,281,955	4,326,997
Segment profit (loss)	304,741	457,027	557,830	670,615
Operating Segments | Active
Segment Reporting Information [Line Items]
Total segment revenues	999,396	1,258,682	3,147,692	3,772,737
Segment profit (loss)	94,020	146,885	351,772	541,171
Legal settlement gain	29,100		29,100
Operating Segments | Work
Segment Reporting Information [Line Items]
Total segment revenues	222,308	268,940	651,211	772,980
Segment profit (loss)	(1,864)	18,487	13,482	92,989
Other
Segment Reporting Information [Line Items]
Total segment revenues	0	0	0	148
Segment profit (loss)	0	(134)	0	(516)
Impairment of goodwill and intangible assets	(257,096)	0	(257,096)	(421,922)
Interest expense, net	(63,338)	(50,230)	(168,701)	(115,395)
Corporate and other expenses
Segment Reporting Information [Line Items]
Corporate and other expenses	$ (142,004)	$ (116,133)	$ (321,333)	$ (507,656)

EARNINGS (LOSS) PER SHARE - Sch

EARNINGS (LOSS) PER SHARE - Schedule of Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
Earnings (loss) per common share – basic:
Net income (loss)	$ (42,452)	$ 507,868	$ (550,574)	$ 333,476
Weighted average common shares outstanding (in shares)	388,383	387,739	388,294	387,663
Net loss per common share (in USD per share)	$ (0.11)	$ 1.31	$ (1.42)	$ 0.86
Earnings (loss) per common share – diluted:
Net income (loss)	$ (42,452)	$ 507,868	$ (550,574)	$ 333,476
Weighted average common shares outstanding (in shares)	388,383	387,739	388,294	387,663
Incremental shares from stock options and other dilutive securities (in shares)	0	453	0	694
Adjusted weighted average common shares outstanding (in shares)	388,383	388,192	388,294	388,357
Net loss per common share (in USD per share)	$ (0.11)	$ 1.31	$ (1.42)	$ 0.86

EARNINGS (LOSS) PER SHARE - Add

EARNINGS (LOSS) PER SHARE - Additional Information (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
Stock Options and Other Dilutive Securities
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options excluded from computation of earnings per share (in shares)	19.2	9.9	19	9.7
Performance-Based Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options excluded from computation of earnings per share (in shares)		0.6		0.6

FAIR VALUE MEASUREMENTS - Measu

FAIR VALUE MEASUREMENTS - Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Apr. 01, 2023	Dec. 31, 2022
Financial assets:
Derivative financial instruments	$ 15,804	$ 49,688	$ 84,918
Deferred compensation	91,666	99,200
Financial liabilities:
Derivative financial instruments	64,700	72,653	$ 58,776
Deferred compensation	88,566	96,364
Money market funds
Financial assets:
Cash equivalents:	69,840	418,304
Time deposits
Financial assets:
Cash equivalents:	27,659	21,233
Level 1
Financial assets:
Derivative financial instruments	0	0
Deferred compensation	91,666	99,200
Financial liabilities:
Derivative financial instruments	0	0
Deferred compensation	0	0
Level 1 | Money market funds
Financial assets:
Cash equivalents:	69,840	418,304
Level 1 | Time deposits
Financial assets:
Cash equivalents:	27,659	21,233
Level 2
Financial assets:
Derivative financial instruments	15,804	49,688
Deferred compensation	0	0
Financial liabilities:
Derivative financial instruments	64,700	72,653
Deferred compensation	88,566	96,364
Level 2 | Money market funds
Financial assets:
Cash equivalents:	0	0
Level 2 | Time deposits
Financial assets:
Cash equivalents:	0	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
Level 3 | Money market funds
Financial assets:
Cash equivalents:	0	0
Level 3 | Time deposits
Financial assets:
Cash equivalents:	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Details) - USD ($)	3 Months Ended			9 Months Ended
	Dec. 30, 2023	Sep. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022	Apr. 01, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, carrying values	$ 5,755,800,000			$ 5,755,800,000		$ 6,635,300,000
Long-term debt, fair values	5,280,700,000			5,280,700,000		6,244,400,000
Goodwill	1,723,638,000		$ 2,142,401,000	1,723,638,000	$ 2,142,401,000	1,978,413,000
Trademarks and trade names	2,557,785,000			2,557,785,000		2,553,919,000
Impairment charges				257,096,000
Impairment of goodwill and intangible assets	257,096,000		$ 0	257,096,000	$ 421,922,000
Outdoor
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill	459,759,000			459,759,000		653,787,000
Impairment charges				195,287,000
Work
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill	51,500,000			51,500,000		$ 113,382,000
Impairment charges				61,809,000
Timberland | Outdoor
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill	407,900,000			407,900,000
Trademarks and trade names	999,500,000			999,500,000
Impairment charges	195,300,000			195,300,000
Impairment of indefinite lived intangible assets	0			0
Dickies | Work
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill	61,800,000	$ 61,200,000		61,800,000
Trademarks and trade names	290,000,000	290,000,000		290,000,000
Impairment charges	$ 61,800,000			$ 61,800,000
Impairment of goodwill and intangible assets		$ 0
Fair value exceeding carrying value of goodwill, percent		8%

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Additional Information (Details) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 30, 2023 EUR (€)	Apr. 01, 2023 USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative contract maturity (up to)			20 months
Gain (loss) on derivatives recognized in income (loss)			$ (8.3)
Net pretax deferred losses for foreign currency exchange contracts that are expected to be reclassified to earnings during next 12 months	$ 40.7		40.7
Pre-tax deferred gain for interest rate swap	1.7		1.7
Net Investment Hedge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount | €					€ 2,000,000,000
Gain (loss) on derivative used in net investment hedge	74.8	$ (126.5)	19.3	$ 45.2
Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	3,000	3,300	3,000	3,300		$ 3,400
Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 500	$ 500	$ 500	$ 500		$ 500

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Outstanding Derivatives on Individual Contract Basis at Gross Amounts (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Apr. 01, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	$ 15,804	$ 49,688	$ 84,918
Derivative Liability	(64,700)	(72,653)	(58,776)
Derivatives Designated as Hedging Instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	15,638	46,752	80,857
Derivative Liability	(63,897)	(72,192)	(58,455)
Derivatives Designated as Hedging Instruments | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	13,901	46,752	80,435
Derivative Liability	(63,897)	(71,052)	(58,455)
Derivatives Designated as Hedging Instruments | Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	1,737	0	422
Derivative Liability	0	(1,140)	0
Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	166	2,936	4,061
Derivative Liability	$ (803)	$ (461)	$ (321)

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Fair Value of Derivative Assets and Liabilities in Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Apr. 01, 2023	Dec. 31, 2022
Derivative Asset
Gross amounts presented in the Consolidated Balance Sheets	$ 15,804	$ 49,688	$ 84,918
Gross amounts not offset in the Consolidated Balance Sheets	(15,011)	(26,470)	(24,024)
Net amounts	793	23,218	60,894
Derivative Liability
Gross amounts presented in the Consolidated Balance Sheets	(64,700)	(72,653)	(58,776)
Gross amounts not offset in the Consolidated Balance Sheets	15,011	26,470	24,024
Net amounts	$ (49,689)	$ (46,183)	$ (34,752)

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Derivatives Classified as Current or Noncurrent Based on Maturity Dates (Details) - USD ($) $ in Thousands	Dec. 30, 2023	Apr. 01, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	$ 15,804	$ 49,688	$ 84,918
Derivative Liability	(64,700)	(72,653)	(58,776)
Foreign exchange contracts | Other current assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	12,261	48,132	79,862
Foreign exchange contracts | Accrued liabilities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liability	(55,562)	(59,995)	(42,274)
Foreign exchange contracts | Other assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	1,806	1,556	4,634
Foreign exchange contracts | Other liabilities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liability	(9,138)	(11,518)	(16,502)
Interest rate contracts | Other current assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	1,737	0	0
Interest rate contracts | Other assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	0	0	422
Interest rate contracts | Other liabilities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liability	$ 0	$ (1,140)	$ 0

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Effects of Cash Flow Hedging included in Consolidated Statements of Income and Consolidated Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in OCL	$ (73,375)	$ (119,635)	$ (36,220)	$ 82,480
Gain (Loss) Reclassified from Accumulated OCL into Net Loss	(912)	32,905	20,006	56,053
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in OCL	(71,398)	(120,057)	(42,049)	82,058
Foreign exchange contracts | Net revenues
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCL into Net Loss	(794)	782	(220)	(9,173)
Foreign exchange contracts | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCL into Net Loss	(2,697)	33,816	14,777	68,830
Foreign exchange contracts | Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCL into Net Loss	833	1,816	3,141	5,380
Foreign exchange contracts | Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCL into Net Loss	536	(3,536)	(725)	(9,065)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivatives Recognized in OCL	(1,977)	422	5,829	422
Interest rate contracts | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCL into Net Loss	$ 1,210	$ 27	$ 3,033	$ 81

RESTRUCTURING - Additional Info

RESTRUCTURING - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022	Apr. 01, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 50,776	$ 11,092	$ 51,906	$ 63,004
Severance and employee-related benefits	31,602	10,607	32,278	50,165
Asset impairments and write-downs	18,739	$ 0	18,739	$ 0
Cash payments			29,413
Restructuring reserve	45,214		45,214		$ 45,266
Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	46,600		47,700
Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Restructuring charges	4,200
Accrued Current Liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	43,700		43,700
Other Noncurrent Liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	1,500		1,500
Reinvent
Restructuring Cost and Reserve [Line Items]
Restructuring charges	50,300		50,300
Severance and employee-related benefits	31,600		31,600
Asset impairments and write-downs	18,700		18,700
Cash payments			3,700
Reinvent | Minimum
Restructuring Cost and Reserve [Line Items]
Estimated restructuring and restructuring-related charges	80,000		80,000
Reinvent | Maximum
Restructuring Cost and Reserve [Line Items]
Estimated restructuring and restructuring-related charges	$ 130,000		$ 130,000

RESTRUCTURING - Restructuring C

RESTRUCTURING - Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Severance and employee-related benefits	$ 31,602	$ 10,607	$ 32,278	$ 50,165
Asset impairments and write-downs	18,739	0	18,739	0
Accelerated depreciation	0	25	0	7,276
Contract termination and other	435	460	889	5,563
Total restructuring charges	$ 50,776	$ 11,092	$ 51,906	$ 63,004

RESTRUCTURING - Restructuring_2

RESTRUCTURING - Restructuring costs by business segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 30, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 50,776	$ 11,092	$ 51,906	$ 63,004
Operating Segments | Outdoor
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	391	242	887
Operating Segments | Active
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	0	434	1,478
Operating Segments | Work
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	0	0	9
Corporate and other
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 50,776	$ 10,701	$ 51,230	$ 60,630

RESTRUCTURING - Activity in Res

RESTRUCTURING - Activity in Restructuring Accrual (Details) $ in Thousands	9 Months Ended
	Dec. 30, 2023 USD ($)
Restructuring Reserve [Roll Forward]
Amounts recorded in accrued liabilities, beginning balance	$ 45,266
Charges	32,278
Cash payments and settlements	(29,413)
Adjustments to accruals	(2,980)
Impact of foreign currency	63
Amounts recorded in accrued liabilities. ending balance	45,214
Severance
Restructuring Reserve [Roll Forward]
Amounts recorded in accrued liabilities, beginning balance	38,721
Charges	32,278
Cash payments and settlements	(24,574)
Adjustments to accruals	(2,398)
Impact of foreign currency	37
Amounts recorded in accrued liabilities. ending balance	44,064
Other
Restructuring Reserve [Roll Forward]
Amounts recorded in accrued liabilities, beginning balance	6,545
Charges	0
Cash payments and settlements	(4,839)
Adjustments to accruals	(582)
Impact of foreign currency	26
Amounts recorded in accrued liabilities. ending balance	$ 1,150

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details)	Jan. 23, 2024 $ / shares
Dividend Declared | Subsequent Event
Subsequent Event [Line Items]
Cash dividend (in USD per share)	$ 0.09