V.F. (VFC) 10-Q 30 Oct 24 2025 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Sep. 28, 2024	Oct. 26, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 28, 2024
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		389,318,655
Amendment Flag	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000103379
Current Fiscal Year End Date	--03-29
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 (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 28, 2024	Mar. 30, 2024	Sep. 30, 2023
Current assets
Cash and equivalents	$ 492,164	$ 656,376	$ 484,825
Accounts receivable, less allowance for doubtful accounts of: September 2024 - $35,674; March 2024 - $26,369; September 2023 - $28,040	1,820,197	1,263,329	1,881,531
Inventories	2,082,918	1,697,823	2,405,291
Other current assets	472,595	493,194	358,124
Current assets of discontinued operations	1,590,984	116,225	113,791
Total current assets	6,458,858	4,226,947	5,243,562
Property, plant and equipment, net	755,802	788,992	885,882
Intangible assets, net	1,774,694	1,776,482	1,778,795
Goodwill	651,934	645,356	1,145,869
Operating lease right-of-use assets	1,313,030	1,255,074	1,248,524
Other assets	1,265,320	1,210,470	1,143,728
Other assets of discontinued operations	0	1,709,642	1,695,992
TOTAL ASSETS	12,219,638	11,612,963	13,142,352
Current liabilities
Short-term borrowings	463,200	263,938	1,023,276
Current portion of long-term debt	1,750,097	1,000,721	966
Accounts payable	1,134,637	788,477	961,667
Accrued liabilities	1,486,706	1,323,982	1,486,757
Current liabilities of discontinued operations	147,791	79,861	72,167
Total current liabilities	4,982,431	3,456,979	3,544,833
Long-term debt	4,028,549	4,702,284	5,656,725
Operating lease liabilities	1,136,605	1,087,304	1,066,933
Other liabilities	665,686	636,090	598,409
Other liabilities of discontinued operations	0	71,941	65,407
Total liabilities	10,813,271	9,954,598	10,932,307
Commitments and contingencies
Stockholders’ equity
Preferred Stock, par value $1; shares authorized, 25,000,000; no shares outstanding at September 2024, March 2024 or September 2023	0	0	0
Common Stock, stated value $0.25; shares authorized, 1,200,000,000; shares outstanding at September 2024 - 389,283,419; March 2024 - 388,836,219; September 2023 - 388,883,825	97,321	97,209	97,221
Additional paid-in capital	3,565,198	3,600,071	3,638,029
Accumulated other comprehensive loss	(1,070,580)	(1,064,331)	(1,011,705)
Accumulated deficit	(1,185,572)	(974,584)	(513,500)
Total stockholders’ equity	1,406,367	1,658,365	2,210,045
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 12,219,638	$ 11,612,963	$ 13,142,352

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 28, 2024	Mar. 30, 2024	Sep. 30, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 35,674	$ 26,369	$ 28,040
Preferred stock, par value (in USD per share)	$ 1	$ 1	$ 1
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000	25,000,000
Preferred stock, shares outstanding (in shares)	0	0	0
Common stock, par value (in USD per share)	$ 0.25	$ 0.25	$ 0.25
Common stock, shares authorized (in shares)	1,200,000,000	1,200,000,000	1,200,000,000
Common stock, shares outstanding (in shares)	389,283,419	388,836,219	388,883,825

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net revenues	$ 2,757,948	$ 2,920,123	$ 4,527,008	$ 4,888,186
Costs and operating expenses
Cost of goods sold	1,317,391	1,430,194	2,180,773	2,369,828
Selling, general and administrative expenses	1,166,654	1,139,390	2,195,352	2,197,668
Total costs and operating expenses	2,484,045	2,569,584	4,376,125	4,567,496
Operating income	273,903	350,539	150,883	320,690
Interest income	3,678	4,548	7,073	9,665
Interest expense	(46,366)	(45,659)	(90,708)	(86,352)
Other income (expense), net	(660)	(2,183)	(2,146)	(5,826)
Income from continuing operations before income taxes	230,555	307,245	65,102	238,177
Income tax expense	28,046	758,887	14,620	752,794
Income (loss) from continuing operations, net of tax	202,509	(451,642)	50,482	(514,617)
Income (loss) from discontinued operations, net of tax	(150,331)	945	(257,190)	6,495
Net income (loss)	$ 52,178	$ (450,697)	$ (206,708)	$ (508,122)
Earnings (loss) per common share - basic
Continuing operations (in USD per share)	$ 0.52	$ (1.16)	$ 0.13	$ (1.33)
Discontinued operations (in USD per share)	(0.39)	0	(0.66)	0.02
Total earnings (loss) per common share - basic (in USD per share)	0.13	(1.16)	(0.53)	(1.31)
Earnings (loss) per common share - diluted
Continuing operations (in USD per share)	0.52	(1.16)	0.13	(1.33)
Discontinued operations (in USD per share)	(0.38)	0	(0.66)	0.02
Total earnings (loss) per common share - diluted (in USD per share)	$ 0.13	$ (1.16)	$ (0.53)	$ (1.31)
Weighted average shares outstanding
Basic (in shares)	389,044	388,338	388,892	388,249
Diluted (in shares)	390,945	388,338	390,198	388,249

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 52,178	$ (450,697)	$ (206,708)	$ (508,122)
Foreign currency translation and other
Gains (losses) arising during the period	(4,519)	17,094	(20,292)	564
Income tax effect	22,417	(22,383)	18,737	(19,002)
Defined benefit pension plans
Current period actuarial gains	0	3,742	0	4,743
Amortization of net deferred actuarial losses	5,051	4,170	10,097	8,402
Amortization of deferred prior service credits	(150)	(137)	(294)	(272)
Reclassification of net actuarial loss from settlement charges	0	7	0	3,299
Income tax effect	(1,287)	(2,209)	(2,557)	(4,118)
Derivative financial instruments
Gains (losses) arising during the period	(54,435)	59,895	(34,414)	37,155
Income tax effect	6,597	(9,852)	2,361	(5,714)
Reclassification of net (gains) losses realized	10,685	(10,238)	24,414	(20,918)
Income tax effect	(1,312)	1,735	(4,301)	3,674
Other comprehensive income (loss)	(16,953)	41,824	(6,249)	7,813
Comprehensive income (loss)	$ 35,225	$ (408,873)	$ (212,957)	$ (500,309)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
OPERATING ACTIVITIES
Net income (loss)	$ (206,708)	$ (508,122)
Income (loss) from discontinued operations, net of tax	(257,190)	6,495
Income (loss) from continuing operations	50,482	(514,617)
Adjustments to reconcile net loss to cash used by operating activities:
Depreciation and amortization	126,396	136,936
Reduction in the carrying amount of right-of-use assets	179,206	183,335
Stock-based compensation	30,648	29,818
Provision for doubtful accounts	11,366	5,585
Pension expense in excess of (less than) contributions	4,028	(10,151)
Deferred income taxes	(7,237)	(256,048)
Write-off of income tax receivables and interest	0	921,409
Other, net	(24,132)	3,024
Changes in operating assets and liabilities:
Accounts receivable	(553,730)	(317,214)
Inventories	(362,748)	(201,998)
Accounts payable	328,418	63,721
Income taxes	(72,070)	41,018
Accrued liabilities	136,881	83,125
Operating lease right-of-use assets and liabilities	(176,754)	(185,140)
Other assets and liabilities	27,423	(43,523)
Cash used by operating activities - continuing operations	(301,823)	(60,720)
Cash provided by operating activities - discontinued operations	20,052	41,459
Cash used by operating activities	(281,771)	(19,261)
INVESTING ACTIVITIES
Proceeds from sale of assets	76,683	281
Capital expenditures	(45,953)	(93,833)
Software purchases	(25,727)	(41,150)
Other, net	(21,424)	(11,026)
Cash used by investing activities - continuing operations	(16,421)	(145,728)
Cash used by investing activities - discontinued operations	(4,413)	(4,003)
Cash used by investing activities	(20,834)	(149,731)
FINANCING ACTIVITIES
Net increase in short-term borrowings	199,262	1,017,895
Payments on long-term debt	(551)	(907,656)
Payment of debt issuance costs	0	(576)
Cash dividends paid	(70,048)	(233,172)
Proceeds from issuance of Common Stock, net of payments for tax withholdings	(2,689)	(2,392)
Cash provided (used) by financing activities	125,974	(125,901)
Effect of foreign currency rate changes on cash, cash equivalents and restricted cash	14,304	(21,190)
Net change in cash, cash equivalents and restricted cash	(162,327)	(316,083)
Cash, cash equivalents and restricted cash – beginning of year	676,957	816,319
Cash, cash equivalents and restricted cash – end of period	514,630	500,236
Balances per Consolidated Balance Sheets:
Cash and cash equivalents	492,164	484,825
Other current assets	2,154	1,197
Current and other assets of discontinued operations	20,312	14,206
Other assets	0	8
Total cash, cash equivalents and restricted cash	$ 514,630	$ 500,236

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance (in shares) at Apr. 01, 2023		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)	(508,122)				(508,122)
Dividends on common stock	(233,172)		(176,086)		(57,086)
Stock-based compensation, net (in shares)		218,294
Stock-based compensation, net	32,813	$ 55	38,136		(5,378)
Foreign currency translation and other	(18,438)			(18,438)
Defined benefit pension plans	12,054			12,054
Derivative financial instruments	$ 14,197			14,197
Ending balance (in shares) at Sep. 30, 2023	388,883,825	388,883,825
Ending balance at Sep. 30, 2023	$ 2,210,045	$ 97,221	3,638,029	(1,011,705)	(513,500)
Beginning balance (in shares) at Jul. 01, 2023		388,836,545
Beginning balance at Jul. 01, 2023	2,716,763	$ 97,209	3,733,777	(1,053,529)	(60,694)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(450,697)				(450,697)
Dividends on common stock	(116,597)		(116,597)
Stock-based compensation, net (in shares)		47,280
Stock-based compensation, net	18,752	$ 12	20,849		(2,109)
Foreign currency translation and other	(5,289)			(5,289)
Defined benefit pension plans	5,573			5,573
Derivative financial instruments	$ 41,540			41,540
Ending balance (in shares) at Sep. 30, 2023	388,883,825	388,883,825
Ending balance at Sep. 30, 2023	$ 2,210,045	$ 97,221	3,638,029	(1,011,705)	(513,500)
Beginning balance (in shares) at Mar. 30, 2024	388,836,219	388,836,219
Beginning balance at Mar. 30, 2024	$ 1,658,365	$ 97,209	3,600,071	(1,064,331)	(974,584)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(206,708)				(206,708)
Dividends on common stock	(70,048)		(70,048)
Stock-based compensation, net (in shares)		447,200
Stock-based compensation, net	31,007	$ 112	35,175		(4,280)
Foreign currency translation and other	(1,555)			(1,555)
Defined benefit pension plans	7,246			7,246
Derivative financial instruments	$ (11,940)			(11,940)
Ending balance (in shares) at Sep. 28, 2024	389,283,419	389,283,419
Ending balance at Sep. 28, 2024	$ 1,406,367	$ 97,321	3,565,198	(1,070,580)	(1,185,572)
Beginning balance (in shares) at Jun. 29, 2024		389,181,642
Beginning balance at Jun. 29, 2024	1,387,905	$ 97,295	3,580,175	(1,053,627)	(1,235,938)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	52,178				52,178
Dividends on common stock	(35,033)		(35,033)
Stock-based compensation, net (in shares)		101,777
Stock-based compensation, net	18,270	$ 26	20,056		(1,812)
Foreign currency translation and other	17,898			17,898
Defined benefit pension plans	3,614			3,614
Derivative financial instruments	$ (38,465)			(38,465)
Ending balance (in shares) at Sep. 28, 2024	389,283,419	389,283,419
Ending balance at Sep. 28, 2024	$ 1,406,367	$ 97,321	$ 3,565,198	$ (1,070,580)	$ (1,185,572)

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Dividends on Common Stock (in USD per share)	$ 0.09	$ 0.30	$ 0.18	$ 0.60

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Sep. 28, 2024
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 March 31, 2024 through March 29, 2025 (“Fiscal 2025”). Accordingly, this Form 10-Q presents our second quarter of Fiscal 2025. For presentation purposes herein, all references to periods ended September 2024 and September 2023 relate to the fiscal periods ended on September 28, 2024 and September 30, 2023, respectively. References to March 2024 relate to information as of March 30, 2024. Basis of Presentation On July 16, 2024, VF entered into a definitive Stock and Asset Purchase Agreement (the "Purchase Agreement") with EssilorLuxottica S.A. to sell the Supreme ® brand business ("Supreme"). On October 1, 2024, VF completed the sale of Supreme. During the three months ended September 2024, the Company determined that Supreme met the held-for-sale and discontinued operations accounting criteria. Accordingly, b eginning in the second quarter of Fiscal 2025, VF has reported the results of Supreme and the related cash flows as discontinued operations in the Consolidated Statements of Operations and Consolidated Statements of Cash Flows, respectively. The related held-for-sale assets and liabilities have been reported as assets and liabilities of discontinued operations in the Consolidated Balance Sheets. These changes have been applied to all periods presented. Unless otherwise noted, discussion within these notes to the interim consolidated financial statements relates to continuing operations. Refer to Note 4 for additional information on discontinued operations. Certain prior year amounts have been reclassified to conform to the Fiscal 2025 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 2024 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 six months ended September 2024 are not necessarily indicative of results that may be expected for any other interim period or for Fiscal 2025. For further information, refer to the consolidated financial statements and notes included in VF’s Annual Report on Form 10-K for the year ended March 30, 2024 (“Fiscal 2024 Form 10-K”). 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	6 Months Ended
	Sep. 28, 2024
Accounting Changes and Error Corrections [Abstract]
RECENTLY ADOPTED AND ISSUED ACCOUNTING STANDARDS	RECENTLY ADOPTED AND ISSUED ACCOUNTING STANDARDS Recently Adopted Accounting Standards In September 2022, the Financial Accounting Standards Board (" FASB") issued A ccounting Standards Update ("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. The Company adopted the required guidance in the first quarter of Fiscal 2024 and will disclose the rollforward information in our Annual Report on Form 10-K for the year ended March 29, 2025. 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 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	6 Months Ended
	Sep. 28, 2024
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES Contract Balances The following table provides information about contract assets and contract liabilities: (In thousands) September 2024 March 2024 September 2023 Contract assets (a) $ 4,392 $ 2,393 $ 3,267 Contract liabilities (b) 66,693 66,130 60,664 (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 six months ended September 2024, the Company recognized $52.4 million and $97.4 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 September 2024, the Company expects to recognize $69.7 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 September 2024, 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. 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 September 2024 (In thousands) Outdoor Active Work Total Channel revenues Wholesale $ 1,204,940 $ 442,863 $ 179,993 $ 1,827,796 Direct-to-consumer 450,858 430,261 33,818 914,937 Royalty 2,874 6,643 5,698 15,215 Total $ 1,658,672 $ 879,767 $ 219,509 $ 2,757,948 Geographic revenues Americas $ 703,094 $ 482,634 $ 170,130 $ 1,355,858 Europe 651,870 323,038 34,647 1,009,555 Asia-Pacific 303,708 74,095 14,732 392,535 Total $ 1,658,672 $ 879,767 $ 219,509 $ 2,757,948 Three Months Ended September 2023 (In thousands) Outdoor Active Work Total Channel revenues Wholesale $ 1,275,543 $ 437,003 $ 192,620 $ 1,905,166 Direct-to-consumer 433,071 524,429 39,957 997,457 Royalty 5,065 6,739 5,696 17,500 Total $ 1,713,679 $ 968,171 $ 238,273 $ 2,920,123 Geographic revenues Americas $ 795,748 $ 523,464 $ 186,868 $ 1,506,080 Europe 657,206 351,606 33,946 1,042,758 Asia-Pacific 260,725 93,101 17,459 371,285 Total $ 1,713,679 $ 968,171 $ 238,273 $ 2,920,123 Six Months Ended September 2024 (In thousands) Outdoor Active Work Total Channel revenues Wholesale $ 1,646,821 $ 878,111 $ 316,637 $ 2,841,569 Direct-to-consumer 796,148 791,993 67,751 1,655,892 Royalty 5,902 13,561 10,084 29,547 Total $ 2,448,871 $ 1,683,665 $ 394,472 $ 4,527,008 Geographic revenues Americas $ 1,076,494 $ 940,290 $ 314,773 $ 2,331,557 Europe 916,051 572,671 53,169 1,541,891 Asia-Pacific 456,326 170,704 26,530 653,560 Total $ 2,448,871 $ 1,683,665 $ 394,472 $ 4,527,008 Six Months Ended September 2023 (In thousands) Outdoor Active Work Total Channel revenues Wholesale $ 1,765,474 $ 899,266 $ 338,789 $ 3,003,529 Direct-to-consumer 769,404 1,003,779 79,611 1,852,794 Royalty 8,498 12,862 10,503 31,863 Total $ 2,543,376 $ 1,915,907 $ 428,903 $ 4,888,186 Geographic revenues Americas $ 1,200,154 $ 1,084,277 $ 340,439 $ 2,624,870 Europe 945,427 608,679 52,947 1,607,053 Asia-Pacific 397,795 222,951 35,517 656,263 Total $ 2,543,376 $ 1,915,907 $ 428,903 $ 4,888,186

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
	Sep. 28, 2024
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS The Company continuously assesses the composition of its portfolio to ensure it is aligned with its strategic objectives and positioned to maximize growth and return to shareholders. Supreme On July 16, 2024, VF entered into a Purchase Agreement with EssilorLuxottica S.A. to sell Supreme for an aggregate base purchase price of $1.5 billion, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses as more fully set forth in the Purchase Agreement. On October 1, 2024, VF completed the sale of Supreme. VF received proceeds of $1.5 billion, subject to post closing adjustments, and recognized an after-tax estimated loss on sale of Supreme of $124.8 million, which is included in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Operations for the three and six months ended September 2024. VF used a portion of the net cash proceeds to prepay $1.0 billion of its delayed draw Term Loan ("DDTL") pursuant to the terms of the DDTL Agreement, as amended, which required repayment within ten During the three months ended September 2024, the Company determined that Supreme met the held-for-sale and discontinued operations accounting criteria. Accordingly, b eginning in the second quarter of Fiscal 2025, VF has reported the results of Supreme and the related cash flows as discontinued operations in the Consolidated Statements of Operations and Consolidated Statements of Cash Flows, respectively. The related held-for-sale assets and liabilities have been reported as assets and liabilities of discontinued operations in the Consolidated Balance Sheets. These changes have been applied to all periods presented. The results of Supreme were previously reported in the Active segment. The results of Supreme recorded in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Operations were losses of $150.3 million (including an after-tax estimated loss on sale of $124.8 million) and $257.2 million (including an after-tax estimated loss on sale of $124.8 million and goodwill and intangible asset impairment charges of $145.0 million) for the three and six months ended September 2024, respectively, and income of $0.9 million and $6.5 million for the three and six months ended September 2023 , respectively. During the three months ended June 2024, VF determined that a triggering event had occurred requiring impairment testing of the Supreme reporting unit goodwill and indefinite-lived trademark intangible asset. As a result of the impairment testing performed, VF recorded impairment charges of $94.0 million and $51.0 million to the Supreme reporting unit goodwill and indefinite-lived trademark intangible asset, respectively. Under the terms of a transition services agreement, the Company will provide certain post-closing accounting, tax, treasury, digital technology, supply chain and human resource services on a transitional basis for periods generally up to 12 months from the closing date of the transaction. Under the terms of a secondment agreement, certain employees associated with the Supreme business will remain employees of VF and work exclusively in support of Supreme, and at Supreme's expense, through the end of Fiscal 2025. Certain corporate overhead costs and segment costs previously allocated to the Supreme brand for segment reporting purposes did not qualify for classification within discontinued operations and have been allocated to continuing operations. In addition, interest expense and the related interest rate swap impact for the DDTL were reallocated to discontinued operations due to the requirement within the DDTL Agreement, as amended, that the DDTL be prepaid upon the receipt of the net cash proceeds from the sale of Supreme. Summarized Discontinued Operations Financial Information The following table summarizes the major line items for Supreme that are included in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Operations: Three Months Ended September Six Months Ended September (In thousands) 2024 2023 2024 2023 Net revenues $ 101,253 $ 114,116 $ 239,494 $ 232,389 Cost of goods sold 41,688 48,834 93,949 94,469 Selling, general and administrative expenses 50,700 52,894 108,553 104,675 Impairment of goodwill and intangible assets — — 145,000 — Interest expense, net (a) (16,037) (14,533) (30,767) (28,676) Other income (expense), net 447 (1,327) (17) (1,251) Income (loss) from discontinued operations before income taxes (6,725) (3,472) (138,792) 3,318 Estimated loss on the sale of discontinued operations before income taxes (132,538) — (132,538) — Total income (loss) from discontinued operations before income taxes (139,263) (3,472) (271,330) 3,318 Income tax expense (benefit) 11,068 (4,417) (14,140) (3,177) Income (loss) from discontinued operations, net of tax $ (150,331) $ 945 $ (257,190) $ 6,495 (a) As noted above, interest expense and the related interest rate swap im pact for the DDTL were realloc ated to discontinued operations. The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations for each of the periods presented: (In thousands) September 2024 March 2024 September 2023 Cash and equivalents $ 20,188 $ 18,229 $ 14,087 Accounts receivable, net 13,066 10,636 8,273 Inventories 89,779 68,543 75,760 Other current assets 18,910 18,817 15,671 Property, plant and equipment, net 36,166 34,894 30,689 Intangible assets, net 801,000 852,000 852,000 Goodwill 724,800 815,058 815,351 Operating lease right-of-use assets 86,465 75,287 59,119 Other assets 19,157 19,882 28,348 Deferred income tax assets (a) (86,009) (87,479) (89,515) Allowance to reduce assets to estimated fair value, less costs to sell (132,538) — — Total assets of discontinued operations $ 1,590,984 $ 1,825,867 $ 1,809,783 Accounts payable $ 27,665 $ 28,651 $ 31,244 Accrued liabilities 38,872 51,210 40,923 Operating lease liabilities 78,723 69,554 54,725 Other liabilities 2,531 2,387 10,682 Total liabilities of discontinued operations $ 147,791 $ 151,802 $ 137,574 (a) Deferred income tax balances reflect VF’s consolidated netting by jurisdiction.

INVENTORIES

INVENTORIES	6 Months Ended
	Sep. 28, 2024
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES (In thousands) September 2024 March 2024 September 2023 Finished products $ 2,046,494 $ 1,658,168 $ 2,362,262 Work-in-process 36,324 39,539 42,482 Raw materials 100 116 547 Total inventories $ 2,082,918 $ 1,697,823 $ 2,405,291

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended
	Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	INTANGIBLE ASSETS September 2024 March 2024 (In thousands) Weighted Amortization Cost Accumulated Net Net Amortizable intangible assets: Customer relationships and other 19 years Accelerated $ 265,950 $ 196,927 $ 69,023 $ 74,963 Indefinite-lived intangible assets: Trademarks and trade names 1,705,671 1,701,519 Intangible assets, net $ 1,774,694 $ 1,776,482 Amortization expense for the three and six months ended September 2024 was $3.4 million and $6.7 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2025 is $13.3 million, $12.3 million, $11.9 million, $10.9 million and $9.9 million, respectively.

GOODWILL

GOODWILL	6 Months Ended
	Sep. 28, 2024
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 2024 $ 205,868 $ 387,988 $ 51,500 $ 645,356 Foreign currency translation 2,013 4,565 — 6,578 Balance, September 2024 $ 207,881 $ 392,553 $ 51,500 $ 651,934 Accum ulated impairm ent charges for the Outdoor and Work segments were $769.0 million and $61.8 million , respectively, a s of September 2024 and March 2024. No impai rment charges were recorded during the six months ended September 2024 .

LEASES

LEASES	6 Months Ended
	Sep. 28, 2024
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 gains recognized from sale leaseback transactions. The components of lease cost were as follows: Three Months Ended September Six Months Ended September (In thousands) 2024 2023 2024 2023 Operating lease cost $ 103,942 $ 102,157 $ 204,553 $ 204,446 Other lease cost 30,863 36,962 53,110 72,274 Total lease cost $ 134,805 $ 139,119 $ 257,663 $ 276,720 During the six months ended September 2024, the Company entered int o a sale leaseback transaction for certain warehouse real estate and related assets. The transaction qualified as a sale, and thus the Company reco gnized a ga in of $15.5 million in the selling, general and administrative expenses line item in VF's Consolidated Statement of Operations for the six months ended September 2024. During the six months ended September 2024 and 2023, the Company pai d $211.8 million and $209.3 million for operating leases, respectively. During the six months ended September 2024 and 2023, the Company obtained $227.9 million and $139.1 million of right-of-use assets in exchange for lease liabili ties, 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 gains recognized from sale leaseback transactions. The components of lease cost were as follows: Three Months Ended September Six Months Ended September (In thousands) 2024 2023 2024 2023 Operating lease cost $ 103,942 $ 102,157 $ 204,553 $ 204,446 Other lease cost 30,863 36,962 53,110 72,274 Total lease cost $ 134,805 $ 139,119 $ 257,663 $ 276,720 During the six months ended September 2024, the Company entered int o a sale leaseback transaction for certain warehouse real estate and related assets. The transaction qualified as a sale, and thus the Company reco gnized a ga in of $15.5 million in the selling, general and administrative expenses line item in VF's Consolidated Statement of Operations for the six months ended September 2024. During the six months ended September 2024 and 2023, the Company pai d $211.8 million and $209.3 million for operating leases, respectively. During the six months ended September 2024 and 2023, the Company obtained $227.9 million and $139.1 million of right-of-use assets in exchange for lease liabili ties, respectively.

SUPPLY CHAIN FINANCING PROGRAM

SUPPLY CHAIN FINANCING PROGRAM	6 Months Ended
	Sep. 28, 2024
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 inventory suppliers 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 September 2024, March 2024 and September 2023, the accounts payable line item in VF’s Consolidated Balance Sheets included total outstanding obligations of $804.9 million, $485.0 million and $688.0 million, respectively, due to suppliers that are eligible to participate in the SCF program.

PENSION PLANS

PENSION PLANS	6 Months Ended
	Sep. 28, 2024
Retirement Benefits [Abstract]
PENSION PLANS	PENSION PLANS The components of pension cost for VF’s defined benefit plans were as follows: Three Months Ended September Six Months Ended September (In thousands) 2024 2023 2024 2023 Service cost – benefits earned during the period $ 2,498 $ 2,237 $ 4,906 $ 4,429 Interest cost on projected benefit obligations 11,715 11,775 23,395 23,587 Expected return on plan assets (15,334) (15,902) (30,630) (31,779) Settlement charges — 7 — 3,299 Amortization of deferred amounts: Net deferred actuarial losses 5,051 4,170 10,097 8,402 Deferred prior service credits (150) (137) (294) (272) Net periodic pension cost $ 3,780 $ 2,150 $ 7,474 $ 7,666 VF has reported the service cost component of net periodic pension cost i n operating income an d 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 co ntributed $3.4 million to its defined benefit plans during the six months ended September 2024, and intends to make approximately $12.7 million of contributions during the remainder of Fiscal 2025.

CAPITAL AND ACCUMULATED OTHER C

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Sep. 28, 2024
Equity [Abstract]
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS	CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS Common Stock During the six months ended September 2024, the Company did not purc hase 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 out standing is net of shares held in treasury which are, in substance, retired. There were no shares held in treasury at the end of September 2024, March 2024 or September 2023. 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 deficit). 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 o f other comprehensive income (loss) are reported, net of related income taxes, in accu mulated other comprehensive loss ("OC L") in stockholders’ equity, as follows: (In thousands) September 2024 March 2024 September 2023 Foreign currency translation and other $ (869,994) $ (868,439) $ (878,089) Defined benefit pension plans (175,087) (182,333) (155,638) Derivative financial instruments (25,499) (13,559) 22,022 Accumulated other comprehensive loss $ (1,070,580) $ (1,064,331) $ (1,011,705) The changes in accumulated OCL, ne t of related taxes, were as follows: Three Months Ended September 2024 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, June 2024 $ (887,892) $ (178,701) $ 12,966 $ (1,053,627) Other comprehensive income (loss) before reclassifications 17,898 (26) (47,838) (29,966) Amounts reclassified from accumulated other comprehensive loss — 3,640 9,373 13,013 Net other comprehensive income (loss) 17,898 3,614 (38,465) (16,953) Balance, September 2024 $ (869,994) $ (175,087) $ (25,499) $ (1,070,580) Three Months Ended September 2023 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, June 2023 $ (872,800) $ (161,211) $ (19,518) $ (1,053,529) Other comprehensive income (loss) before reclassifications (5,289) 2,676 50,043 47,430 Amounts reclassified from accumulated other comprehensive loss — 2,897 (8,503) (5,606) Net other comprehensive income (loss) (5,289) 5,573 41,540 41,824 Balance, September 2023 $ (878,089) $ (155,638) $ 22,022 $ (1,011,705) Six Months Ended September 2024 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, March 2024 $ (868,439) $ (182,333) $ (13,559) $ (1,064,331) Other comprehensive loss before reclassifications (1,555) (36) (32,053) (33,644) Amounts reclassified from accumulated other comprehensive loss — 7,282 20,113 27,395 Net other comprehensive income (loss) (1,555) 7,246 (11,940) (6,249) Balance, September 2024 $ (869,994) $ (175,087) $ (25,499) $ (1,070,580) Six Months Ended September 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 (18,438) 3,764 31,441 16,767 Amounts reclassified from accumulated other comprehensive loss — 8,290 (17,244) (8,954) Net other comprehensive income (loss) (18,438) 12,054 14,197 7,813 Balance, September 2023 $ (878,089) $ (155,638) $ 22,022 $ (1,011,705) Reclassifications out of accumulated OCL were as follows: (In thousands) Three Months Ended September Six Months Ended September Details About Accumulated Other Comprehensive Loss Components Affected Line Item in the Consolidated Statements of Operations 2024 2023 2024 2023 Amortization of defined benefit pension plans: Net deferred actuarial losses Other income (expense), net $ (5,051) $ (4,170) $ (10,097) $ (8,402) Deferred prior service credits Other income (expense), net 150 137 294 272 Pension settlement charges Other income (expense), net — (7) — (3,299) Total before tax (4,901) (4,040) (9,803) (11,429) Tax benefit 1,261 1,143 2,521 3,139 Net of tax (3,640) (2,897) (7,282) (8,290) Gains (losses) on derivative financial instruments: Foreign exchange contracts Net revenues (7,851) (516) (12,182) 574 Foreign exchange contracts Cost of goods sold (4,001) 9,399 (14,127) 17,474 Foreign exchange contracts Selling, general and administrative expenses (47) 1,007 (455) 2,308 Foreign exchange contracts Other income (expense), net 53 (750) (3) (1,261) Interest rate contracts Interest expense 27 27 54 54 Interest rate contracts Income (loss) from discontinued operations, net of tax 1,134 1,071 2,299 1,769 Total before tax (10,685) 10,238 (24,414) 20,918 Tax benefit (expense) 1,312 (1,735) 4,301 (3,674) Net of tax (9,373) 8,503 (20,113) 17,244 Total reclassifications for the period, net of tax $ (13,013) $ 5,606 $ (27,395) $ 8,954

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Sep. 28, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Incentive Equity Awards Granted During the six months ended September 2024, VF granted stock options to employees and nonemployee members of VF's Board of Directors to purchase 6,415,325 shares of its Common Stock at a weighted average exercise price of $13.08 per share. The exercise price of each option granted was equal to the fair market value of VF Common Stock on the date of grant. Employee stock options vest 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: Six Months Ended September 2024 Expected volatility 37% to 53% Weighted average expected volatility 47% Expected term (in years) 5.5 to 7.3 Weighted average dividend yield 2.2% Risk-free interest rate 3.80% to 5.43% Weighted average fair value at date of grant $5.22 During the six months ended September 2024, VF granted 1,510,938 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 $16.51 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 the achievement of financial targets and relative total shareholder return ("TSR") 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 are based on the average, for the three years of the performance cycle, of the annual levels of achievement of VF's total revenue, weighted 50%, and the average, for the three years of the performance cycle, of the annual levels of achievement of VF's gross margin, weighted 50%. Furthermore, the actual number of shares earned may be adjusted upward or downward by 25% of the target award, based on how VF's TSR over the three-year period compares to the TSR for companies included in the Standard & Poor's 600 Consumer Discretionary Sector 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 $2.05 per share. During the six months ended September 2024, VF granted 92,384 nonperformance-based stock units to nonemployee members of the Board of Directors. These units vest upon grant and will be settled in shares of VF Common Stock one In addition, VF granted 3,249,172 nonperformance-based RSUs to employees during the six months ended September 2024. These units generally vest over periods up to four years from the date of grant and each unit entitles the holder to one share of VF Common Stock. The weighted average fair market value of VF Common Stock at the dates the units were granted was $16.58 per share.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Sep. 28, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The effective income tax rate for the six months ended September 2024 was 22.5% compared to 316.1% in the 2023 period. The six months ended September 2024 included a net discrete tax benefit of $5.8 million, which was comprised primarily of a $9.5 million net tax benefit related to unrecognized tax benefits and interest, and a $5.3 million tax expense related to stock compensation. Excluding the $5.8 million net discrete tax benefit in the 2024 period, the effective income tax rate would have been 31.4%. The six months ended September 2023 included a net discrete tax expense of $703.3 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 $703.3 million net discrete tax expense in the 2023 period, the effective income tax rate would have been 20.8%. Without discrete items, the effective income tax rate for the six months ended September 2024 increased by 10.6% compared with the 2023 period primarily due to disproportionate year-to-date losses in jurisdictions with no tax benefit, as well as the jurisdictional mix of earnings. As previously reported, VF petitioned the U.S. Tax Court (the "Tax Court”) to resolve an Internal Revenue Service ("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 three months ended September 2023. This amount included 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 three months ended September 2023. 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 six months ended September 2024, the amount of net unrecognized tax benefits and associated interest decreased by $6.3 million to $296.5 million. Management believes that it is reasonably possible that the amount of unrecognized income tax benefits and interest may decrease during the next 12 months by approximately $5.0 million due to settlement of audits and expiration of statutes of limitations, of which $1.8 million would reduce income tax expense.

REPORTABLE SEGMENT INFORMATION

REPORTABLE SEGMENT INFORMATION	6 Months Ended
	Sep. 28, 2024
Segment Reporting [Abstract]
REPORTABLE SEGMENT INFORMATION	REPORTABLE SEGMENT INFORMATION VF's President and Chief Executive Officer, who is considered the Company's CODM, allocates resources and assesses performance based on a global brand view that 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. Financial information for VF's reportable segments is as follows: Three Months Ended September Six Months Ended September (In thousands) 2024 2023 2024 2023 Segment revenues: Outdoor $ 1,658,672 $ 1,713,679 $ 2,448,871 $ 2,543,376 Active 879,767 968,171 1,683,665 1,915,907 Work 219,509 238,273 394,472 428,903 Total segment revenues $ 2,757,948 $ 2,920,123 $ 4,527,008 $ 4,888,186 Segment profit: Outdoor $ 287,414 $ 296,750 $ 203,999 $ 253,089 Active 103,659 121,189 172,759 222,324 Work 20,408 8,515 25,736 15,346 Total segment profit 411,481 426,454 402,494 490,759 Corporate and other expenses (138,238) (78,098) (253,757) (175,895) Interest expense, net (a) (42,688) (41,111) (83,635) (76,687) Income from continuing operations before income taxes $ 230,555 $ 307,245 $ 65,102 $ 238,177 (a) Interest expense and the related interest rate swap im pact for the DDTL, which totaled $16.2 million and $31.1 million for the three and six months ended September 2024, respectively, and $14.8 million and $29.3 million for the three and six months ended September 2023, respectively, were reallocated to discontinued operations due to the requiremen t within the DDTL's amended agreement that the DDTL be prepaid upon the receipt of the net cash proceeds from the sale of Supreme.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	6 Months Ended
	Sep. 28, 2024
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	EARNINGS (LOSS) PER SHARE Three Months Ended September Six Months Ended September (In thousands, except per share amounts) 2024 2023 2024 2023 Earnings (loss) per share – basic: Income (loss) from continuing operations $ 202,509 $ (451,642) $ 50,482 $ (514,617) Weighted average common shares outstanding 389,044 388,338 388,892 388,249 Earnings (loss) per share from continuing operations $ 0.52 $ (1.16) $ 0.13 $ (1.33) Earnings (loss) per share – diluted: Income (loss) from continuing operations $ 202,509 $ (451,642) $ 50,482 $ (514,617) Weighted average common shares outstanding 389,044 388,338 388,892 388,249 Incremental shares from stock options and other dilutive securities 1,901 — 1,306 — Adjusted weighted average common shares outstanding 390,945 388,338 390,198 388,249 Earning (loss) per share from continuing operations $ 0.52 $ (1.16) $ 0.13 $ (1.33) Outstanding stock options and other potentially dilutive securities of approximately 13.1 million and 15.9 million shares were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2024 , respectively, because the effect of their inclusion would have been anti-dilutive to those periods. In addition, 2.4 million and 1.6 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three and six-months periods ended September 2024 , respectively, because these units were not considered to be contingent outstanding shares in those periods. In the three and six-month periods ended September 2023, the dilutive impacts of all outstanding stock options and other dilutive securities were excluded from dilutive shares as a result of the Company's loss from continuing operations for the periods and, as such, their inclusion would have been anti-dilutive. As a result, a total of 19.3 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 six-month periods ended September 2023, respectively.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Sep. 28, 2024
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 September 2024 Financial assets: Cash equivalents: Money market funds $ 108,232 $ 108,232 $ — $ — Time deposits 22,929 22,929 — — Derivative financial instruments 16,445 — 16,445 — Deferred compensation and other 95,747 95,747 — — Financial liabilities: Derivative financial instruments 54,569 — 54,569 — Deferred compensation 92,024 — 92,024 — Contingent consulting fees 13,563 — — 13,563 Total Fair Value Fair Value Measurement Using (a) (In thousands) Level 1 Level 2 Level 3 March 2024 Financial assets: Cash equivalents: Money market funds $ 171,931 $ 171,931 $ — $ — Time deposits 54,853 54,853 — — Derivative financial instruments 32,548 — 32,548 — Deferred compensation and other 95,236 95,236 — — Financial liabilities: Derivative financial instruments 40,234 — 40,234 — Deferred compensation 90,804 — 90,804 — (a) There w ere no tra nsfers among the levels within the fair value hierarchy during the six months ended September 2024 or the year ended March 2024. 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. During the three months ended September 2024, VF entered into a contract with a consulting firm to support Reinvent, VF's transformation program. The contract includes contingent fees tied to increases in VF's stock price. These fees are accounted for under Accounting Standards Codification Topic 718 — Stock Compensation ("ASC 718") as a liability award to a non-employee. Accordingly, VF has utilized the Monte Carlo valuation model (Level 3) to estimate the fair value of the award at its inception, and will adjust such fair value on a quarterly basis over the measurement period, which concludes on June 30, 2027. The valuation includes the effects of market conditions that are based upon VF's stock price performance relative to stock price targets and a minimum payout dependent on the Standard & Poor's 500 Index return and VF's TSR versus that of peer companies over the measurement period. As of September 2024, the total fair value of the contingent fees was $30.7 million, of which $13.6 million was recognized as of September 2024. 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 September 2024 and March 2024, their carrying values approximated their fair values. Additionally, at September 2024 and March 2024, the carrying values of VF’s long-term debt, including the current portion, were $5,778.6 million and $5,703.0 million, respectively, compared with fair values of $5,437.7 million and $5,263.3 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.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES	6 Months Ended
	Sep. 28, 2024
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 $3.1 billion at September 2024, $3.1 billion at March 2024 and $3.3 billion at September 2023, consisting primarily of contracts hedging exposures to the euro, British pound, Canadian dollar, Swiss franc, Mexican peso, Chinese renminbi, Polish zloty, Swedish krona, South Korean won, and Japanese yen. These derivative contracts have maturities up to 20 months. The notional amount of VF's outstanding interest rate swap contracts was $500.0 million at September 2024, March 2024 and September 2023. These contracts hedge the cash flow risk of interest payments on the variable-rate DDTL Agreement. The following table presents outstanding derivatives on an individual contract basis: Fair Value of Derivatives Fair Value of Derivatives (In thousands) September 2024 March 2024 September 2023 September 2024 March 2024 September 2023 Derivatives Designated as Hedging Instruments: Foreign exchange contracts $ 15,846 $ 29,657 $ 51,216 $ (53,621) $ (39,639) $ (37,664) Interest rate contracts 324 2,335 4,897 — — — Total derivatives designated as hedging instruments 16,170 31,992 56,113 (53,621) (39,639) (37,664) Derivatives Not Designated as Hedging Instruments: Foreign exchange contracts 275 556 1,258 (948) (595) (905) Total derivatives $ 16,445 $ 32,548 $ 57,371 $ (54,569) $ (40,234) $ (38,569) 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: September 2024 March 2024 September 2023 (In thousands) Derivative Derivative Derivative Derivative Derivative Derivative Gross amounts presented in the Consolidated Balance Sheets $ 16,445 $ (54,569) $ 32,548 $ (40,234) $ 57,371 $ (38,569) Gross amounts not offset in the Consolidated Balance Sheets (8,282) 8,282 (11,322) 11,322 (25,460) 25,460 Net amounts $ 8,163 $ (46,287) $ 21,226 $ (28,912) $ 31,911 $ (13,109) Derivatives are classified as current or noncurrent based on maturity dates, as follows: (In thousands) September 2024 March 2024 September 2023 Derivative Instruments Balance Sheet Location Foreign exchange contracts Other current assets $ 12,988 $ 26,366 $ 40,567 Foreign exchange contracts Accrued liabilities (44,300) (35,578) (35,347) Foreign exchange contracts Other assets 3,133 3,847 11,907 Foreign exchange contracts Other liabilities (10,269) (4,656) (3,222) Interest rate contracts Other current assets 324 2,335 — Interest rate contracts Other assets — — 4,897 Cash Flow Hedges VF primarily uses foreign currency exchange forward contracts to hedge a portion of the exchange risk for its forecasted sales, inventory purchases, operating costs and certain intercompany transactions, including sourcing and management fees and royalties. The Company also uses interest rate swap contracts to hedge against a portion of the exposure related to its 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 Gain (Loss) on Derivatives Recognized in Accumulated OCL Six Months Ended September Cash Flow Hedging Relationships 2024 2023 2024 2023 Foreign exchange contracts $ (54,203) $ 58,509 $ (34,702) $ 29,349 Interest rate contracts (232) 1,386 288 7,806 Total $ (54,435) $ 59,895 $ (34,414) $ 37,155 (In thousands) Gain (Loss) Reclassified from Gain (Loss) Reclassified from Accumulated OCL into Net Income (Loss) Six Months Ended September Cash Flow Hedging Relationships Location of Gain (Loss) 2024 2023 2024 2023 Foreign exchange contracts Net revenues $ (7,851) $ (516) $ (12,182) $ 574 Foreign exchange contracts Cost of goods sold (4,001) 9,399 (14,127) 17,474 Foreign exchange contracts Selling, general and administrative expenses (47) 1,007 (455) 2,308 Foreign exchange contracts Other income (expense), net 53 (750) (3) (1,261) Interest rate contracts Interest expense 27 27 54 54 Interest rate contracts Income (loss) from discontinued operations, net of tax 1,134 1,071 2,299 1,769 Total $ (10,685) $ 10,238 $ (24,414) $ 20,918 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 third-party and intercompany borrowings and interest payments. 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 six months ended September 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 $8.1 million loss in cost of goods sold during the six months ended September 2023. There were no material reclassifications in the other periods presented. Other Derivative Information A t September 2024, accumulated OCL included $21.4 million of pre-tax net deferred losses for foreign currency exchange contracts and a $0.3 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 and interest rates in effect when outstanding derivative contracts are settled. Net Investment Hedge The Company has designated its euro-denominated fixed-rate notes, which represented €2.0 billion in aggregate principal as of September 2024, 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 six-month periods ended September 2024, the Company recognized an after-tax loss of $64.8 million and an after-tax loss of $54.0 million, respectively, in other comprehensive income (loss) related to the net investment hedge transaction and an after-tax gain of $65.9 million and $55.5 million for the three and six-month periods ended September 2023, respectively. Any amounts deferred in accumulated OCL will remain until the hedged investment is sold or substantially liquidated.

RESTRUCTURING

RESTRUCTURING	6 Months Ended
	Sep. 28, 2024
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURING The Company incurs restructuring charges related to strategic initiatives and cost optimization of business activities. A description of significant restructuring programs and other restructuring charges is provided below. 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 Company currently estimates it will incur approximately $190.0 million to $210.0 million in restructuring 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 70% will relate to severance and employee-related benefits and the remainder will primarily relate to asset impairments and write-downs. Cash payments are generally expected to be paid within one year of charges incurred. During the six months ended September 2024, $21.3 million of cash payments related to the Reinvent charges were made. The type of cost and respective location of restructuring charges related to Reinvent for the three and six months ended September 2024, and the cumulative charges recorded since the inception of Reinvent were as follows: (In thousands) Three Months Ended September 2024 Six Months Ended September 2024 Cumulative Charges Type of Cost Statement of Operations Location Severance and employee-related benefits Selling, general and administrative expenses $ 8,158 $ 19,299 $ 84,121 Severance and employee-related benefits Cost of goods sold — 181 4,691 Contract termination and other Selling, general and administrative expenses — 737 737 Contract termination and other Cost of goods sold — 157 157 Asset impairments and write-downs Selling, general and administrative expenses — 500 39,886 Pension withdrawal Selling, general and administrative expenses 3,619 3,619 3,619 Accelerated depreciation Selling, general and administrative expenses 18 879 879 Accelerated depreciation Cost of goods sold — 17 17 Total Reinvent Restructuring Charges $ 11,795 $ 25,389 $ 134,107 All restructuring charges related to Reinvent recognized in the three and six months ended September 2024 were reported within 'Corporate and other' expenses in Note 14, Reportable Segment Information. Other Restructuring Charges Other Restructuring Charges are related to various approved initiatives. The type of cost and respective location of Other Restructuring Charges for the three and six months ended September 2024 and 2023 were as follows: Three Months Ended September Six Months Ended September (In thousands) 2024 2023 2024 2023 Type of Cost Statement of Operations Location Severance and employee-related benefits Selling, general and administrative expenses $ — $ — $ — $ 676 Contract termination and other Selling, general and administrative expenses 154 435 591 454 Total Other Restructuring Charges $ 154 $ 435 $ 591 $ 1,130 Other Restructuring Charges by business segment were as follows: Three Months Ended September Six Months Ended September (In thousands) 2024 2023 2024 2023 Outdoor $ — $ — $ — $ 242 Active — — — 434 Work — — — — Corporate and other 154 435 591 454 Total $ 154 $ 435 $ 591 $ 1,130 Consolidated Restructuring Charges The activity in the restructuring accrual related to Reinvent and Other Restructuring Charges for the six-month period ended September 2024 was as follows: (In thousands) Severance Other Total Accrual at March 2024 $ 60,160 $ 345 $ 60,505 Charges 19,480 894 20,374 Cash payments and settlements (23,041) (902) (23,943) Adjustments to accruals (292) — (292) Impact of foreign currency 56 — 56 Accrual at September 2024 $ 56,363 $ 337 $ 56,700

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Sep. 28, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On October 1, 2024, VF completed the sale of Supreme to EssilorLuxottica S.A. for $1.5 billion, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses as set forth in the Purchase Agreement. Refer to Note 4 for additional information. O n October 4, 2024, VF made an aggregate $1.0 billion prepayment of the DDTL using the net cash proceeds from the sale of Supreme, pursuant to the terms of the DDTL Agreement, as amended.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 52,178	$ (450,697)	$ (206,708)	$ (508,122)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 28, 2024
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)	6 Months Ended
	Sep. 28, 2024
Accounting Policies [Abstract]
Fiscal Year	Fiscal Year
Basis of Presentation	Basis of Presentation On July 16, 2024, VF entered into a definitive Stock and Asset Purchase Agreement (the "Purchase Agreement") with EssilorLuxottica S.A. to sell the Supreme ® brand business ("Supreme"). On October 1, 2024, VF completed the sale of Supreme. During the three months ended September 2024, the Company determined that Supreme met the held-for-sale and discontinued operations accounting criteria. Accordingly, b eginning in the second quarter of Fiscal 2025, VF has reported the results of Supreme and the related cash flows as discontinued operations in the Consolidated Statements of Operations and Consolidated Statements of Cash Flows, respectively. The related held-for-sale assets and liabilities have been reported as assets and liabilities of discontinued operations in the Consolidated Balance Sheets. These changes have been applied to all periods presented. Unless otherwise noted, discussion within these notes to the interim consolidated financial statements relates to continuing operations. Refer to Note 4 for additional information on discontinued operations. Certain prior year amounts have been reclassified to conform to the Fiscal 2025 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 2024 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 six months ended September 2024 are not necessarily indicative of results that may be expected for any other interim period or for Fiscal 2025. For further information, refer to the consolidated financial statements and notes included in VF’s Annual Report on Form 10-K for the year ended March 30, 2024 (“Fiscal 2024 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 Accounting Standards and Recently Issued Accounting Standards	Recently Adopted Accounting Standards In September 2022, the Financial Accounting Standards Board (" FASB") issued A ccounting Standards Update ("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. The Company adopted the required guidance in the first quarter of Fiscal 2024 and will disclose the rollforward information in our Annual Report on Form 10-K for the year ended March 29, 2025. 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 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)	6 Months Ended
	Sep. 28, 2024
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) September 2024 March 2024 September 2023 Contract assets (a) $ 4,392 $ 2,393 $ 3,267 Contract liabilities (b) 66,693 66,130 60,664 (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 September 2024 (In thousands) Outdoor Active Work Total Channel revenues Wholesale $ 1,204,940 $ 442,863 $ 179,993 $ 1,827,796 Direct-to-consumer 450,858 430,261 33,818 914,937 Royalty 2,874 6,643 5,698 15,215 Total $ 1,658,672 $ 879,767 $ 219,509 $ 2,757,948 Geographic revenues Americas $ 703,094 $ 482,634 $ 170,130 $ 1,355,858 Europe 651,870 323,038 34,647 1,009,555 Asia-Pacific 303,708 74,095 14,732 392,535 Total $ 1,658,672 $ 879,767 $ 219,509 $ 2,757,948 Three Months Ended September 2023 (In thousands) Outdoor Active Work Total Channel revenues Wholesale $ 1,275,543 $ 437,003 $ 192,620 $ 1,905,166 Direct-to-consumer 433,071 524,429 39,957 997,457 Royalty 5,065 6,739 5,696 17,500 Total $ 1,713,679 $ 968,171 $ 238,273 $ 2,920,123 Geographic revenues Americas $ 795,748 $ 523,464 $ 186,868 $ 1,506,080 Europe 657,206 351,606 33,946 1,042,758 Asia-Pacific 260,725 93,101 17,459 371,285 Total $ 1,713,679 $ 968,171 $ 238,273 $ 2,920,123 Six Months Ended September 2024 (In thousands) Outdoor Active Work Total Channel revenues Wholesale $ 1,646,821 $ 878,111 $ 316,637 $ 2,841,569 Direct-to-consumer 796,148 791,993 67,751 1,655,892 Royalty 5,902 13,561 10,084 29,547 Total $ 2,448,871 $ 1,683,665 $ 394,472 $ 4,527,008 Geographic revenues Americas $ 1,076,494 $ 940,290 $ 314,773 $ 2,331,557 Europe 916,051 572,671 53,169 1,541,891 Asia-Pacific 456,326 170,704 26,530 653,560 Total $ 2,448,871 $ 1,683,665 $ 394,472 $ 4,527,008 Six Months Ended September 2023 (In thousands) Outdoor Active Work Total Channel revenues Wholesale $ 1,765,474 $ 899,266 $ 338,789 $ 3,003,529 Direct-to-consumer 769,404 1,003,779 79,611 1,852,794 Royalty 8,498 12,862 10,503 31,863 Total $ 2,543,376 $ 1,915,907 $ 428,903 $ 4,888,186 Geographic revenues Americas $ 1,200,154 $ 1,084,277 $ 340,439 $ 2,624,870 Europe 945,427 608,679 52,947 1,607,053 Asia-Pacific 397,795 222,951 35,517 656,263 Total $ 2,543,376 $ 1,915,907 $ 428,903 $ 4,888,186

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	6 Months Ended
	Sep. 28, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations Presented in Financial Statements	The following table summarizes the major line items for Supreme that are included in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Operations: Three Months Ended September Six Months Ended September (In thousands) 2024 2023 2024 2023 Net revenues $ 101,253 $ 114,116 $ 239,494 $ 232,389 Cost of goods sold 41,688 48,834 93,949 94,469 Selling, general and administrative expenses 50,700 52,894 108,553 104,675 Impairment of goodwill and intangible assets — — 145,000 — Interest expense, net (a) (16,037) (14,533) (30,767) (28,676) Other income (expense), net 447 (1,327) (17) (1,251) Income (loss) from discontinued operations before income taxes (6,725) (3,472) (138,792) 3,318 Estimated loss on the sale of discontinued operations before income taxes (132,538) — (132,538) — Total income (loss) from discontinued operations before income taxes (139,263) (3,472) (271,330) 3,318 Income tax expense (benefit) 11,068 (4,417) (14,140) (3,177) Income (loss) from discontinued operations, net of tax $ (150,331) $ 945 $ (257,190) $ 6,495 (a) As noted above, interest expense and the related interest rate swap im pact for the DDTL were realloc ated to discontinued operations. The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations for each of the periods presented: (In thousands) September 2024 March 2024 September 2023 Cash and equivalents $ 20,188 $ 18,229 $ 14,087 Accounts receivable, net 13,066 10,636 8,273 Inventories 89,779 68,543 75,760 Other current assets 18,910 18,817 15,671 Property, plant and equipment, net 36,166 34,894 30,689 Intangible assets, net 801,000 852,000 852,000 Goodwill 724,800 815,058 815,351 Operating lease right-of-use assets 86,465 75,287 59,119 Other assets 19,157 19,882 28,348 Deferred income tax assets (a) (86,009) (87,479) (89,515) Allowance to reduce assets to estimated fair value, less costs to sell (132,538) — — Total assets of discontinued operations $ 1,590,984 $ 1,825,867 $ 1,809,783 Accounts payable $ 27,665 $ 28,651 $ 31,244 Accrued liabilities 38,872 51,210 40,923 Operating lease liabilities 78,723 69,554 54,725 Other liabilities 2,531 2,387 10,682 Total liabilities of discontinued operations $ 147,791 $ 151,802 $ 137,574 (a) Deferred income tax balances reflect VF’s consolidated netting by jurisdiction.

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Sep. 28, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	(In thousands) September 2024 March 2024 September 2023 Finished products $ 2,046,494 $ 1,658,168 $ 2,362,262 Work-in-process 36,324 39,539 42,482 Raw materials 100 116 547 Total inventories $ 2,082,918 $ 1,697,823 $ 2,405,291

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	6 Months Ended
	Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite Lived Intangible Assets	September 2024 March 2024 (In thousands) Weighted Amortization Cost Accumulated Net Net Amortizable intangible assets: Customer relationships and other 19 years Accelerated $ 265,950 $ 196,927 $ 69,023 $ 74,963 Indefinite-lived intangible assets: Trademarks and trade names 1,705,671 1,701,519 Intangible assets, net $ 1,774,694 $ 1,776,482
Schedule of Indefinite-Lived Intangible Assets	September 2024 March 2024 (In thousands) Weighted Amortization Cost Accumulated Net Net Amortizable intangible assets: Customer relationships and other 19 years Accelerated $ 265,950 $ 196,927 $ 69,023 $ 74,963 Indefinite-lived intangible assets: Trademarks and trade names 1,705,671 1,701,519 Intangible assets, net $ 1,774,694 $ 1,776,482

GOODWILL (Tables)

GOODWILL (Tables)	6 Months Ended
	Sep. 28, 2024
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 2024 $ 205,868 $ 387,988 $ 51,500 $ 645,356 Foreign currency translation 2,013 4,565 — 6,578 Balance, September 2024 $ 207,881 $ 392,553 $ 51,500 $ 651,934

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Sep. 28, 2024
Leases [Abstract]
Schedule of Components of Lease Cost	The components of lease cost were as follows: Three Months Ended September Six Months Ended September (In thousands) 2024 2023 2024 2023 Operating lease cost $ 103,942 $ 102,157 $ 204,553 $ 204,446 Other lease cost 30,863 36,962 53,110 72,274 Total lease cost $ 134,805 $ 139,119 $ 257,663 $ 276,720

PENSION PLANS (Tables)

PENSION PLANS (Tables)	6 Months Ended
	Sep. 28, 2024
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 September Six Months Ended September (In thousands) 2024 2023 2024 2023 Service cost – benefits earned during the period $ 2,498 $ 2,237 $ 4,906 $ 4,429 Interest cost on projected benefit obligations 11,715 11,775 23,395 23,587 Expected return on plan assets (15,334) (15,902) (30,630) (31,779) Settlement charges — 7 — 3,299 Amortization of deferred amounts: Net deferred actuarial losses 5,051 4,170 10,097 8,402 Deferred prior service credits (150) (137) (294) (272) Net periodic pension cost $ 3,780 $ 2,150 $ 7,474 $ 7,666

CAPITAL AND ACCUMULATED OTHER_2

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
	Sep. 28, 2024
Equity [Abstract]
Schedule of Deferred Components of Other Comprehensive Income (Loss) Reported and Changes in Accumulated OCL	The deferred components o f other comprehensive income (loss) are reported, net of related income taxes, in accu mulated other comprehensive loss ("OC L") in stockholders’ equity, as follows: (In thousands) September 2024 March 2024 September 2023 Foreign currency translation and other $ (869,994) $ (868,439) $ (878,089) Defined benefit pension plans (175,087) (182,333) (155,638) Derivative financial instruments (25,499) (13,559) 22,022 Accumulated other comprehensive loss $ (1,070,580) $ (1,064,331) $ (1,011,705) The changes in accumulated OCL, ne t of related taxes, were as follows: Three Months Ended September 2024 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, June 2024 $ (887,892) $ (178,701) $ 12,966 $ (1,053,627) Other comprehensive income (loss) before reclassifications 17,898 (26) (47,838) (29,966) Amounts reclassified from accumulated other comprehensive loss — 3,640 9,373 13,013 Net other comprehensive income (loss) 17,898 3,614 (38,465) (16,953) Balance, September 2024 $ (869,994) $ (175,087) $ (25,499) $ (1,070,580) Three Months Ended September 2023 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, June 2023 $ (872,800) $ (161,211) $ (19,518) $ (1,053,529) Other comprehensive income (loss) before reclassifications (5,289) 2,676 50,043 47,430 Amounts reclassified from accumulated other comprehensive loss — 2,897 (8,503) (5,606) Net other comprehensive income (loss) (5,289) 5,573 41,540 41,824 Balance, September 2023 $ (878,089) $ (155,638) $ 22,022 $ (1,011,705) Six Months Ended September 2024 (In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total Balance, March 2024 $ (868,439) $ (182,333) $ (13,559) $ (1,064,331) Other comprehensive loss before reclassifications (1,555) (36) (32,053) (33,644) Amounts reclassified from accumulated other comprehensive loss — 7,282 20,113 27,395 Net other comprehensive income (loss) (1,555) 7,246 (11,940) (6,249) Balance, September 2024 $ (869,994) $ (175,087) $ (25,499) $ (1,070,580) Six Months Ended September 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 (18,438) 3,764 31,441 16,767 Amounts reclassified from accumulated other comprehensive loss — 8,290 (17,244) (8,954) Net other comprehensive income (loss) (18,438) 12,054 14,197 7,813 Balance, September 2023 $ (878,089) $ (155,638) $ 22,022 $ (1,011,705)
Schedule of Reclassifications Out of Accumulated OCL	Reclassifications out of accumulated OCL were as follows: (In thousands) Three Months Ended September Six Months Ended September Details About Accumulated Other Comprehensive Loss Components Affected Line Item in the Consolidated Statements of Operations 2024 2023 2024 2023 Amortization of defined benefit pension plans: Net deferred actuarial losses Other income (expense), net $ (5,051) $ (4,170) $ (10,097) $ (8,402) Deferred prior service credits Other income (expense), net 150 137 294 272 Pension settlement charges Other income (expense), net — (7) — (3,299) Total before tax (4,901) (4,040) (9,803) (11,429) Tax benefit 1,261 1,143 2,521 3,139 Net of tax (3,640) (2,897) (7,282) (8,290) Gains (losses) on derivative financial instruments: Foreign exchange contracts Net revenues (7,851) (516) (12,182) 574 Foreign exchange contracts Cost of goods sold (4,001) 9,399 (14,127) 17,474 Foreign exchange contracts Selling, general and administrative expenses (47) 1,007 (455) 2,308 Foreign exchange contracts Other income (expense), net 53 (750) (3) (1,261) Interest rate contracts Interest expense 27 27 54 54 Interest rate contracts Income (loss) from discontinued operations, net of tax 1,134 1,071 2,299 1,769 Total before tax (10,685) 10,238 (24,414) 20,918 Tax benefit (expense) 1,312 (1,735) 4,301 (3,674) Net of tax (9,373) 8,503 (20,113) 17,244 Total reclassifications for the period, net of tax $ (13,013) $ 5,606 $ (27,395) $ 8,954

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Sep. 28, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Grant Date Fair Value of Option Award and Range of Assumptions for Inputs	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: Six Months Ended September 2024 Expected volatility 37% to 53% Weighted average expected volatility 47% Expected term (in years) 5.5 to 7.3 Weighted average dividend yield 2.2% Risk-free interest rate 3.80% to 5.43% Weighted average fair value at date of grant $5.22

REPORTABLE SEGMENT INFORMATION

REPORTABLE SEGMENT INFORMATION (Tables)	6 Months Ended
	Sep. 28, 2024
Segment Reporting [Abstract]
Schedule of Financial Information for Reportable Segments	Financial information for VF's reportable segments is as follows: Three Months Ended September Six Months Ended September (In thousands) 2024 2023 2024 2023 Segment revenues: Outdoor $ 1,658,672 $ 1,713,679 $ 2,448,871 $ 2,543,376 Active 879,767 968,171 1,683,665 1,915,907 Work 219,509 238,273 394,472 428,903 Total segment revenues $ 2,757,948 $ 2,920,123 $ 4,527,008 $ 4,888,186 Segment profit: Outdoor $ 287,414 $ 296,750 $ 203,999 $ 253,089 Active 103,659 121,189 172,759 222,324 Work 20,408 8,515 25,736 15,346 Total segment profit 411,481 426,454 402,494 490,759 Corporate and other expenses (138,238) (78,098) (253,757) (175,895) Interest expense, net (a) (42,688) (41,111) (83,635) (76,687) Income from continuing operations before income taxes $ 230,555 $ 307,245 $ 65,102 $ 238,177 (a) Interest expense and the related interest rate swap im pact for the DDTL, which totaled $16.2 million and $31.1 million for the three and six months ended September 2024, respectively, and $14.8 million and $29.3 million for the three and six months ended September 2023, respectively, were reallocated to discontinued operations due to the requiremen t within the DDTL's amended agreement that the DDTL be prepaid upon the receipt of the net cash proceeds from the sale of Supreme.

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	6 Months Ended
	Sep. 28, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Basic and Diluted	Three Months Ended September Six Months Ended September (In thousands, except per share amounts) 2024 2023 2024 2023 Earnings (loss) per share – basic: Income (loss) from continuing operations $ 202,509 $ (451,642) $ 50,482 $ (514,617) Weighted average common shares outstanding 389,044 388,338 388,892 388,249 Earnings (loss) per share from continuing operations $ 0.52 $ (1.16) $ 0.13 $ (1.33) Earnings (loss) per share – diluted: Income (loss) from continuing operations $ 202,509 $ (451,642) $ 50,482 $ (514,617) Weighted average common shares outstanding 389,044 388,338 388,892 388,249 Incremental shares from stock options and other dilutive securities 1,901 — 1,306 — Adjusted weighted average common shares outstanding 390,945 388,338 390,198 388,249 Earning (loss) per share from continuing operations $ 0.52 $ (1.16) $ 0.13 $ (1.33)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Sep. 28, 2024
Fair Value Disclosures [Abstract]
Schedule 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 September 2024 Financial assets: Cash equivalents: Money market funds $ 108,232 $ 108,232 $ — $ — Time deposits 22,929 22,929 — — Derivative financial instruments 16,445 — 16,445 — Deferred compensation and other 95,747 95,747 — — Financial liabilities: Derivative financial instruments 54,569 — 54,569 — Deferred compensation 92,024 — 92,024 — Contingent consulting fees 13,563 — — 13,563 Total Fair Value Fair Value Measurement Using (a) (In thousands) Level 1 Level 2 Level 3 March 2024 Financial assets: Cash equivalents: Money market funds $ 171,931 $ 171,931 $ — $ — Time deposits 54,853 54,853 — — Derivative financial instruments 32,548 — 32,548 — Deferred compensation and other 95,236 95,236 — — Financial liabilities: Derivative financial instruments 40,234 — 40,234 — Deferred compensation 90,804 — 90,804 — (a) There w ere no tra nsfers among the levels within the fair value hierarchy during the six months ended September 2024 or the year ended March 2024.

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	6 Months Ended
	Sep. 28, 2024
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) September 2024 March 2024 September 2023 September 2024 March 2024 September 2023 Derivatives Designated as Hedging Instruments: Foreign exchange contracts $ 15,846 $ 29,657 $ 51,216 $ (53,621) $ (39,639) $ (37,664) Interest rate contracts 324 2,335 4,897 — — — Total derivatives designated as hedging instruments 16,170 31,992 56,113 (53,621) (39,639) (37,664) Derivatives Not Designated as Hedging Instruments: Foreign exchange contracts 275 556 1,258 (948) (595) (905) Total derivatives $ 16,445 $ 32,548 $ 57,371 $ (54,569) $ (40,234) $ (38,569)
Schedule of Derivative Assets Presented in Consolidated Balance Sheet Adjusted from Current Gross	If VF were to offset and record the asset and liability balances on a net basis in accordance with the terms of its master netting agreements, the amounts presented in the Consolidated Balance Sheets would be adjusted from the current gross presentation to the net amounts as detailed in the following table: September 2024 March 2024 September 2023 (In thousands) Derivative Derivative Derivative Derivative Derivative Derivative Gross amounts presented in the Consolidated Balance Sheets $ 16,445 $ (54,569) $ 32,548 $ (40,234) $ 57,371 $ (38,569) Gross amounts not offset in the Consolidated Balance Sheets (8,282) 8,282 (11,322) 11,322 (25,460) 25,460 Net amounts $ 8,163 $ (46,287) $ 21,226 $ (28,912) $ 31,911 $ (13,109)
Schedule of Derivative Liabilities Presented in Consolidated Balance Sheet Adjusted from Current Gross	If VF were to offset and record the asset and liability balances on a net basis in accordance with the terms of its master netting agreements, the amounts presented in the Consolidated Balance Sheets would be adjusted from the current gross presentation to the net amounts as detailed in the following table: September 2024 March 2024 September 2023 (In thousands) Derivative Derivative Derivative Derivative Derivative Derivative Gross amounts presented in the Consolidated Balance Sheets $ 16,445 $ (54,569) $ 32,548 $ (40,234) $ 57,371 $ (38,569) Gross amounts not offset in the Consolidated Balance Sheets (8,282) 8,282 (11,322) 11,322 (25,460) 25,460 Net amounts $ 8,163 $ (46,287) $ 21,226 $ (28,912) $ 31,911 $ (13,109)
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) September 2024 March 2024 September 2023 Derivative Instruments Balance Sheet Location Foreign exchange contracts Other current assets $ 12,988 $ 26,366 $ 40,567 Foreign exchange contracts Accrued liabilities (44,300) (35,578) (35,347) Foreign exchange contracts Other assets 3,133 3,847 11,907 Foreign exchange contracts Other liabilities (10,269) (4,656) (3,222) Interest rate contracts Other current assets 324 2,335 — Interest rate contracts Other assets — — 4,897
Schedule of Effects of Cash Flow Hedging included in Consolidated Statements of Comprehensive Income (Loss) and Consolidated Statements of Operations	The effects of cash flow hedging included in VF’s Consolidated Statements of Comprehensive Income (Loss) and Consolidated Statements of Operations are summarized as follows: (In thousands) Gain (Loss) on Derivatives Gain (Loss) on Derivatives Recognized in Accumulated OCL Six Months Ended September Cash Flow Hedging Relationships 2024 2023 2024 2023 Foreign exchange contracts $ (54,203) $ 58,509 $ (34,702) $ 29,349 Interest rate contracts (232) 1,386 288 7,806 Total $ (54,435) $ 59,895 $ (34,414) $ 37,155 (In thousands) Gain (Loss) Reclassified from Gain (Loss) Reclassified from Accumulated OCL into Net Income (Loss) Six Months Ended September Cash Flow Hedging Relationships Location of Gain (Loss) 2024 2023 2024 2023 Foreign exchange contracts Net revenues $ (7,851) $ (516) $ (12,182) $ 574 Foreign exchange contracts Cost of goods sold (4,001) 9,399 (14,127) 17,474 Foreign exchange contracts Selling, general and administrative expenses (47) 1,007 (455) 2,308 Foreign exchange contracts Other income (expense), net 53 (750) (3) (1,261) Interest rate contracts Interest expense 27 27 54 54 Interest rate contracts Income (loss) from discontinued operations, net of tax 1,134 1,071 2,299 1,769 Total $ (10,685) $ 10,238 $ (24,414) $ 20,918

RESTRUCTURING (Tables)

RESTRUCTURING (Tables)	6 Months Ended
	Sep. 28, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Costs	The type of cost and respective location of restructuring charges related to Reinvent for the three and six months ended September 2024, and the cumulative charges recorded since the inception of Reinvent were as follows: (In thousands) Three Months Ended September 2024 Six Months Ended September 2024 Cumulative Charges Type of Cost Statement of Operations Location Severance and employee-related benefits Selling, general and administrative expenses $ 8,158 $ 19,299 $ 84,121 Severance and employee-related benefits Cost of goods sold — 181 4,691 Contract termination and other Selling, general and administrative expenses — 737 737 Contract termination and other Cost of goods sold — 157 157 Asset impairments and write-downs Selling, general and administrative expenses — 500 39,886 Pension withdrawal Selling, general and administrative expenses 3,619 3,619 3,619 Accelerated depreciation Selling, general and administrative expenses 18 879 879 Accelerated depreciation Cost of goods sold — 17 17 Total Reinvent Restructuring Charges $ 11,795 $ 25,389 $ 134,107 September 2024 and 2023 were as follows: Three Months Ended September Six Months Ended September (In thousands) 2024 2023 2024 2023 Type of Cost Statement of Operations Location Severance and employee-related benefits Selling, general and administrative expenses $ — $ — $ — $ 676 Contract termination and other Selling, general and administrative expenses 154 435 591 454 Total Other Restructuring Charges $ 154 $ 435 $ 591 $ 1,130 Other Restructuring Charges by business segment were as follows: Three Months Ended September Six Months Ended September (In thousands) 2024 2023 2024 2023 Outdoor $ — $ — $ — $ 242 Active — — — 434 Work — — — — Corporate and other 154 435 591 454 Total $ 154 $ 435 $ 591 $ 1,130
Schedule of Components of Restructuring Charges, Other Restructuring Charges, Restructuring Costs by Business Segment and Activity in Restructuring Accrual	The activity in the restructuring accrual related to Reinvent and Other Restructuring Charges for the six-month period ended September 2024 was as follows: (In thousands) Severance Other Total Accrual at March 2024 $ 60,160 $ 345 $ 60,505 Charges 19,480 894 20,374 Cash payments and settlements (23,041) (902) (23,943) Adjustments to accruals (292) — (292) Impact of foreign currency 56 — 56 Accrual at September 2024 $ 56,363 $ 337 $ 56,700

REVENUES - Schedule of Contract

REVENUES - Schedule of Contract Assets and Contract Liabilities (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Mar. 30, 2024	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Contract assets	$ 4,392	$ 2,393	$ 3,267
Contract liabilities	$ 66,693	$ 66,130	$ 60,664

REVENUES - Narrative (Details)

REVENUES - Narrative (Details) $ in Millions	3 Months Ended	6 Months Ended
	Sep. 28, 2024 USD ($)	Sep. 28, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Contracts with customer, liability, revenue recognized	$ 52.4	$ 97.4
Remaining performance obligation, amount	$ 69.7	$ 69.7

REVENUES - Schedule of Disaggre

REVENUES - Schedule of Disaggregation of Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Net revenues	$ 2,757,948	$ 2,920,123	$ 4,527,008	$ 4,888,186
Outdoor
Disaggregation of Revenue [Line Items]
Net revenues	1,658,672	1,713,679	2,448,871	2,543,376
Active
Disaggregation of Revenue [Line Items]
Net revenues	879,767	968,171	1,683,665	1,915,907
Work
Disaggregation of Revenue [Line Items]
Net revenues	219,509	238,273	394,472	428,903
Americas
Disaggregation of Revenue [Line Items]
Net revenues	1,355,858	1,506,080	2,331,557	2,624,870
Americas | Outdoor
Disaggregation of Revenue [Line Items]
Net revenues	703,094	795,748	1,076,494	1,200,154
Americas | Active
Disaggregation of Revenue [Line Items]
Net revenues	482,634	523,464	940,290	1,084,277
Americas | Work
Disaggregation of Revenue [Line Items]
Net revenues	170,130	186,868	314,773	340,439
Europe
Disaggregation of Revenue [Line Items]
Net revenues	1,009,555	1,042,758	1,541,891	1,607,053
Europe | Outdoor
Disaggregation of Revenue [Line Items]
Net revenues	651,870	657,206	916,051	945,427
Europe | Active
Disaggregation of Revenue [Line Items]
Net revenues	323,038	351,606	572,671	608,679
Europe | Work
Disaggregation of Revenue [Line Items]
Net revenues	34,647	33,946	53,169	52,947
Asia-Pacific
Disaggregation of Revenue [Line Items]
Net revenues	392,535	371,285	653,560	656,263
Asia-Pacific | Outdoor
Disaggregation of Revenue [Line Items]
Net revenues	303,708	260,725	456,326	397,795
Asia-Pacific | Active
Disaggregation of Revenue [Line Items]
Net revenues	74,095	93,101	170,704	222,951
Asia-Pacific | Work
Disaggregation of Revenue [Line Items]
Net revenues	14,732	17,459	26,530	35,517
Wholesale
Disaggregation of Revenue [Line Items]
Net revenues	1,827,796	1,905,166	2,841,569	3,003,529
Wholesale | Outdoor
Disaggregation of Revenue [Line Items]
Net revenues	1,204,940	1,275,543	1,646,821	1,765,474
Wholesale | Active
Disaggregation of Revenue [Line Items]
Net revenues	442,863	437,003	878,111	899,266
Wholesale | Work
Disaggregation of Revenue [Line Items]
Net revenues	179,993	192,620	316,637	338,789
Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net revenues	914,937	997,457	1,655,892	1,852,794
Direct-to-consumer | Outdoor
Disaggregation of Revenue [Line Items]
Net revenues	450,858	433,071	796,148	769,404
Direct-to-consumer | Active
Disaggregation of Revenue [Line Items]
Net revenues	430,261	524,429	791,993	1,003,779
Direct-to-consumer | Work
Disaggregation of Revenue [Line Items]
Net revenues	33,818	39,957	67,751	79,611
Royalty
Disaggregation of Revenue [Line Items]
Net revenues	15,215	17,500	29,547	31,863
Royalty | Outdoor
Disaggregation of Revenue [Line Items]
Net revenues	2,874	5,065	5,902	8,498
Royalty | Active
Disaggregation of Revenue [Line Items]
Net revenues	6,643	6,739	13,561	12,862
Royalty | Work
Disaggregation of Revenue [Line Items]
Net revenues	$ 5,698	$ 5,696	$ 10,084	$ 10,503

DISCONTINUED OPERATIONS - Addit

DISCONTINUED OPERATIONS - Additional Information (Details) - USD ($)				3 Months Ended			6 Months Ended
	Oct. 04, 2024	Oct. 01, 2024	Jul. 16, 2024	Sep. 28, 2024	Jun. 29, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations, net of tax				$ (150,331,000)		$ 945,000	$ (257,190,000)	$ 6,495,000
Impairment charge							0
Supreme
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Business combination, consideration transferred			$ 1,500,000,000
Impairment charge					$ 94,000,000
Impairment of indefinite lived intangible assets					$ 51,000,000
Line of Credit | DDTL Agreement | Subsequent Event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Payment for debt	$ 1,000,000,000	$ 1,000,000,000
Period of repayment		10 days
Discontinued operations, disposed of by sale | Supreme
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
After-tax loss on sale				(124,800,000)			(124,800,000)
Income (loss) from discontinued operations, net of tax				(150,331,000)		$ 945,000	(257,190,000)	$ 6,495,000
Impairment of goodwill and intangible assets				$ 145,000,000			$ 145,000,000
Discontinued operations, disposed of by sale | Supreme | Subsequent Event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business		$ 1,500,000,000

DISCONTINUED OPERATIONS - Summa

DISCONTINUED OPERATIONS - Summary of Major Line Items included in Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations, net of tax	$ (150,331)	$ 945	$ (257,190)	$ 6,495
Supreme | Discontinued operations, disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues	101,253	114,116	239,494	232,389
Cost of goods sold	41,688	48,834	93,949	94,469
Selling, general and administrative expenses	50,700	52,894	108,553	104,675
Impairment of goodwill and intangible assets	0	0	145,000	0
Interest expense, net	(16,037)	(14,533)	(30,767)	(28,676)
Other income (expense), net	447	(1,327)	(17)	(1,251)
Income (loss) from discontinued operations before income taxes	(6,725)	(3,472)	(138,792)	3,318
Estimated loss on the sale of discontinued operations before income taxes	(132,538)	0	(132,538)	0
Income (loss) from discontinued operations before income taxes	(139,263)	(3,472)	(271,330)	3,318
Income tax expense (benefit)	11,068	(4,417)	(14,140)	(3,177)
Income (loss) from discontinued operations, net of tax	$ (150,331)	$ 945	$ (257,190)	$ 6,495

DISCONTINUED OPERATIONS - Sum_2

DISCONTINUED OPERATIONS - Summary of Carrying Amounts of Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Mar. 30, 2024	Sep. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and equivalents	$ 20,312		$ 14,206
Other assets	0	$ 1,709,642	1,695,992
Supreme | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and equivalents	20,188	18,229	14,087
Accounts receivable, net	13,066	10,636	8,273
Inventories	89,779	68,543	75,760
Other current assets	18,910	18,817	15,671
Property, plant and equipment, net	36,166	34,894	30,689
Intangible assets, net	801,000	852,000	852,000
Goodwill	724,800	815,058	815,351
Operating lease right-of-use assets	86,465	75,287	59,119
Other assets	19,157	19,882	28,348
Deferred income tax assets	(86,009)	(87,479)	(89,515)
Allowance to reduce assets to estimated fair value, less costs to sell	(132,538)	0	0
Total assets of discontinued operations	1,590,984	1,825,867	1,809,783
Accounts payable	27,665	28,651	31,244
Accrued liabilities	38,872	51,210	40,923
Operating lease liabilities	78,723	69,554	54,725
Other liabilities	2,531	2,387	10,682
Total liabilities of discontinued operations	$ 147,791	$ 151,802	$ 137,574

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Mar. 30, 2024	Sep. 30, 2023
Inventory Disclosure [Abstract]
Finished products	$ 2,046,494	$ 1,658,168	$ 2,362,262
Work-in-process	36,324	39,539	42,482
Raw materials	100	116	547
Total inventories	$ 2,082,918	$ 1,697,823	$ 2,405,291

INTANGIBLE ASSETS - Schedule of

INTANGIBLE ASSETS - Schedule of Finite Lived and Indefinite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Mar. 30, 2024	Sep. 30, 2023
Indefinite-lived intangible assets:
Trademarks and trade names	$ 1,705,671	$ 1,701,519
Intangible assets, net	$ 1,774,694	1,776,482	$ 1,778,795
Customer relationships and other
Amortizable intangible assets:
Weighted Average Amortization Period	19 years
Cost	$ 265,950
Accumulated Amortization	196,927
Net Carrying Amount	$ 69,023	$ 74,963

INTANGIBLE ASSETS - Narrative (

INTANGIBLE ASSETS - Narrative (Details) $ in Millions	3 Months Ended	6 Months Ended
	Sep. 28, 2024 USD ($)	Sep. 28, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 3.4	$ 6.7
Estimated amortization expense, 2025	13.3	13.3
Estimated amortization expense, 2026	12.3	12.3
Estimated amortization expense, 2027	11.9	11.9
Estimated amortization expense, 2028	10.9	10.9
Estimated amortization expense, 2029	$ 9.9	$ 9.9

GOODWILL - Schedule of Changes

GOODWILL - Schedule of Changes in Goodwill (Details) $ in Thousands	6 Months Ended
	Sep. 28, 2024 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 645,356
Foreign currency translation	6,578
Goodwill, ending balance	651,934
Outdoor
Goodwill [Roll Forward]
Goodwill, beginning balance	205,868
Foreign currency translation	2,013
Goodwill, ending balance	207,881
Active
Goodwill [Roll Forward]
Goodwill, beginning balance	387,988
Foreign currency translation	4,565
Goodwill, ending balance	392,553
Work
Goodwill [Roll Forward]
Goodwill, beginning balance	51,500
Foreign currency translation	0
Goodwill, ending balance	$ 51,500

GOODWILL - Narrative (Details)

GOODWILL - Narrative (Details) - USD ($)	6 Months Ended
	Sep. 28, 2024	Mar. 30, 2024
Goodwill [Line Items]
Impairment charge	$ 0
Outdoor
Goodwill [Line Items]
Accumulated impairment charges	769,000,000	$ 769,000,000
Work
Goodwill [Line Items]
Accumulated impairment charges	$ 61,800,000	$ 61,800,000

LEASES - Schedule of Components

LEASES - Schedule of Components of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease cost	$ 103,942	$ 102,157	$ 204,553	$ 204,446
Other lease cost	30,863	36,962	53,110	72,274
Total lease cost	$ 134,805	$ 139,119	$ 257,663	$ 276,720

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
Leases [Abstract]
Gain on sale and leaseback transaction	$ 15.5
Cash paid for operating leases	211.8	$ 209.3
Right-of-use asset obtained in exchange for operating lease liability	$ 227.9	$ 139.1

SUPPLY CHAIN FINANCING PROGRAM

SUPPLY CHAIN FINANCING PROGRAM (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Mar. 30, 2024	Sep. 30, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Accounts payable	$ 1,134,637	$ 788,477	$ 961,667
SCF Program
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Accounts payable	$ 804,900	$ 485,000	$ 688,000

PENSION PLANS - Schedule of Com

PENSION PLANS - Schedule of Components of Pension Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Settlement charges			$ (3,300)
Pension plan
Defined Benefit Plan Disclosure [Line Items]
Service cost – benefits earned during the period	$ 2,498	$ 2,237	4,906	$ 4,429
Interest cost on projected benefit obligations	11,715	11,775	23,395	23,587
Expected return on plan assets	(15,334)	(15,902)	(30,630)	(31,779)
Settlement charges	0	7	0	3,299
Amortization of deferred amounts:
Net deferred actuarial losses	5,051	4,170	10,097	8,402
Deferred prior service credits	(150)	(137)	(294)	(272)
Net periodic pension cost	$ 3,780	$ 2,150	$ 7,474	$ 7,666

PENSION PLANS - Narrative (Deta

PENSION PLANS - Narrative (Details) $ in Millions	6 Months Ended
	Sep. 28, 2024 USD ($)
Retirement Benefits [Abstract]
Defined benefit pension plan contribution	$ 3.4
Defined benefit pension plan additional contributions to make next fiscal year	12.7
Settlement charges	$ 3.3

CAPITAL AND ACCUMULATED OTHER_3

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS - Narrative (Details) - $ / shares	6 Months Ended
	Sep. 28, 2024	Mar. 30, 2024	Sep. 30, 2023
Repurchase Agreement Counterparty [Line Items]
Treasury shares (in shares)	0	0	0
Common stock, par value (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 - Schedule of Deferred Components of Other Comprehensive Income (Loss) Reported (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Jun. 29, 2024	Mar. 30, 2024	Sep. 30, 2023	Jul. 01, 2023	Apr. 01, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ 1,406,367	$ 1,387,905	$ 1,658,365	$ 2,210,045	$ 2,716,763	$ 2,910,713
Accumulated other comprehensive loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(1,070,580)	(1,053,627)	(1,064,331)	(1,011,705)	(1,053,529)	(1,019,518)
Foreign currency translation and other
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(869,994)	(887,892)	(868,439)	(878,089)	(872,800)	(859,651)
Defined benefit pension plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(175,087)	(178,701)	(182,333)	(155,638)	(161,211)	(167,692)
Derivative financial instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (25,499)	$ 12,966	$ (13,559)	$ 22,022	$ (19,518)	$ 7,825

CAPITAL AND ACCUMULATED OTHER_5

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS - Schedule of Changes in Accumulated OCL (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 1,387,905	$ 2,716,763	$ 1,658,365	$ 2,910,713
Other comprehensive income (loss) before reclassifications	(29,966)	47,430	(33,644)	16,767
Amounts reclassified from accumulated other comprehensive loss	13,013	(5,606)	27,395	(8,954)
Other comprehensive income (loss)	(16,953)	41,824	(6,249)	7,813
Ending balance	1,406,367	2,210,045	1,406,367	2,210,045
Accumulated other comprehensive loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1,053,627)	(1,053,529)	(1,064,331)	(1,019,518)
Other comprehensive income (loss)	(16,953)	41,824	(6,249)	7,813
Ending balance	(1,070,580)	(1,011,705)	(1,070,580)	(1,011,705)
Foreign Currency Translation and Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(887,892)	(872,800)	(868,439)	(859,651)
Other comprehensive income (loss) before reclassifications	17,898	(5,289)	(1,555)	(18,438)
Amounts reclassified from accumulated other comprehensive loss	0	0	0	0
Other comprehensive income (loss)	17,898	(5,289)	(1,555)	(18,438)
Ending balance	(869,994)	(878,089)	(869,994)	(878,089)
Defined Benefit Pension Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(178,701)	(161,211)	(182,333)	(167,692)
Other comprehensive income (loss) before reclassifications	(26)	2,676	(36)	3,764
Amounts reclassified from accumulated other comprehensive loss	3,640	2,897	7,282	8,290
Other comprehensive income (loss)	3,614	5,573	7,246	12,054
Ending balance	(175,087)	(155,638)	(175,087)	(155,638)
Derivative Financial Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	12,966	(19,518)	(13,559)	7,825
Other comprehensive income (loss) before reclassifications	(47,838)	50,043	(32,053)	31,441
Amounts reclassified from accumulated other comprehensive loss	9,373	(8,503)	20,113	(17,244)
Other comprehensive income (loss)	(38,465)	41,540	(11,940)	14,197
Ending balance	$ (25,499)	$ 22,022	$ (25,499)	$ 22,022

CAPITAL AND ACCUMULATED OTHER_6

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS - Schedule of Reclassifications Out of Accumulated OCL (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	$ (660)	$ (2,183)	$ (2,146)	$ (5,826)
Net revenues	2,757,948	2,920,123	4,527,008	4,888,186
Cost of goods sold	(1,317,391)	(1,430,194)	(2,180,773)	(2,369,828)
Selling, general and administrative expenses	(1,166,654)	(1,139,390)	(2,195,352)	(2,197,668)
Income (loss) from discontinued operations, net of tax	(150,331)	945	(257,190)	6,495
Income from continuing operations before income taxes	230,555	307,245	65,102	238,177
Tax benefit (expense)	(28,046)	(758,887)	(14,620)	(752,794)
Income (loss) from continuing operations, net of tax	202,509	(451,642)	50,482	(514,617)
Reclassification Out of Accumulated Other Comprehensive Loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income (loss) from continuing operations, net of tax	(13,013)	5,606	(27,395)	8,954
Reclassification Out of Accumulated Other Comprehensive Loss | Defined benefit pension plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	0	(7)	0	(3,299)
Income from continuing operations before income taxes	(4,901)	(4,040)	(9,803)	(11,429)
Tax benefit (expense)	1,261	1,143	2,521	3,139
Income (loss) from continuing operations, net of tax	(3,640)	(2,897)	(7,282)	(8,290)
Reclassification Out of Accumulated Other Comprehensive Loss | Net deferred actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	(5,051)	(4,170)	(10,097)	(8,402)
Reclassification Out of Accumulated Other Comprehensive Loss | Deferred prior service credits
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	150	137	294	272
Reclassification Out of Accumulated Other Comprehensive Loss | Gains (losses) on derivative financial instruments:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income from continuing operations before income taxes	(10,685)	10,238	(24,414)	20,918
Tax benefit (expense)	1,312	(1,735)	4,301	(3,674)
Income (loss) from continuing operations, net of tax	(9,373)	8,503	(20,113)	17,244
Reclassification Out of Accumulated Other Comprehensive Loss | Gains (losses) on derivative financial instruments: | Foreign exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	53	(750)	(3)	(1,261)
Net revenues	(7,851)	(516)	(12,182)	574
Cost of goods sold	(4,001)	9,399	(14,127)	17,474
Selling, general and administrative expenses	(47)	1,007	(455)	2,308
Reclassification Out of Accumulated Other Comprehensive Loss | Gains (losses) on derivative financial instruments: | Interest rate contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	27	27	54	54
Income (loss) from discontinued operations, net of tax	$ 1,134	$ 1,071	$ 2,299	$ 1,769

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details)	6 Months Ended
	Sep. 28, 2024 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period (in shares)	6,415,325
Exercise price of options granted (in USD per share) | $ / shares	$ 13.08
Share based compensation vesting period (in years)	3 years
Period of time options become exercisable (in years)	1 year
Expiration period (in years)	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)	1,510,938
Performance period (in years)	3 years
Grant date fair value of each restricted units granted (in USD per share) | $ / shares	$ 16.51
Baseline profitability goal period (in years)	3 years
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	$ 2.05
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]
Performance period (in years)	3 years
Percentage, revenue growth	50%
Percentage, TSR	50%
Percentage adjustments in period	25%
Nonperformance-Based Restricted Stock Units | Non Employee Board Of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation vesting period (in years)	1 year
Restricted stock units granted in period (in shares)	92,384
Grant date fair value of each restricted units granted (in USD per share) | $ / shares	$ 16.42
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 (in years)	4 years
Restricted stock units granted in period (in shares)	3,249,172
Grant date fair value of each restricted units granted (in USD per share) | $ / shares	$ 16.58
Ratio of shares of common stock to be issued for each restricted stock unit granted (in shares)	1

STOCK-BASED COMPENSATION - Sche

STOCK-BASED COMPENSATION - Schedule of Grant Date Fair Value of Option Award and Range of Assumptions for Inputs (Details)	6 Months Ended
	Sep. 28, 2024 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum	37%
Expected volatility, maximum	53%
Weighted average expected volatility	47%
Weighted average dividend yield	2.20%
Risk-free interest rate, minimum	3.80%
Risk-free interest rate, maximum	5.43%
Weighted average fair value at date of grant (in USD per share)	$ 5.22
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	5 years 6 months
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	7 years 3 months 18 days

INCOME TAXES (Details)

INCOME TAXES (Details) € in Millions, $ in Millions		3 Months Ended		6 Months Ended
	Oct. 19, 2022 USD ($)	Sep. 30, 2023 USD ($)	Jul. 01, 2023 USD ($)	Sep. 28, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2018 EUR (€)	Dec. 31, 2017 EUR (€)
Operating Loss Carryforwards [Line Items]
Effective income tax rate (as a percent)				22.50%	316.10%
Net discrete tax expense (benefit)				$ (5.8)	$ 703.3
Net tax expense related to unrecognized tax benefits and interest				9.5
Tax expense related to stock compensation				$ 5.3
Effective tax rate, excluding discrete items (as a percent)				31.40%	20.80%
Effective tax rate, excluding discrete items, increase from prior period (as a percent)				10.60%
Payments for legal settlements	$ 875.7
Income tax examination, period				12 months
Decrease in unrecognized tax benefits				$ 6.3
Unrecognized tax benefits				296.5
Possible decrease in unrecognized income tax benefits				5
Net unrecognized tax benefits and interest, if recognized, would reduce income tax expense				$ 1.8
Domestic Tax Authority | Internal Revenue Service (IRS)
Operating Loss Carryforwards [Line Items]
Income tax expense from tax settlements		$ 690
Interest income reversal		19.6	$ 7.5
Foreign Tax Authority | Administration of the Treasury, Belgium
Operating Loss Carryforwards [Line Items]
Income tax expense from tax settlements		$ 26.1
Income taxes receivable | €						€ 35	€ 35

REPORTABLE SEGMENT INFORMATIO_2

REPORTABLE SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Total segment revenues	$ 2,757,948	$ 2,920,123	$ 4,527,008	$ 4,888,186
Total segment profit	273,903	350,539	150,883	320,690
Income from continuing operations before income taxes	230,555	307,245	65,102	238,177
Discontinued operations, disposed of by sale | Supreme
Segment Reporting Information [Line Items]
Interest expense	16,200	14,800	31,100	29,300
Operating Segments
Segment Reporting Information [Line Items]
Total segment revenues	2,757,948	2,920,123	4,527,008	4,888,186
Total segment profit	411,481	426,454	402,494	490,759
Operating Segments | Outdoor
Segment Reporting Information [Line Items]
Total segment revenues	1,658,672	1,713,679	2,448,871	2,543,376
Total segment profit	287,414	296,750	203,999	253,089
Operating Segments | Active
Segment Reporting Information [Line Items]
Total segment revenues	879,767	968,171	1,683,665	1,915,907
Total segment profit	103,659	121,189	172,759	222,324
Operating Segments | Work
Segment Reporting Information [Line Items]
Total segment revenues	219,509	238,273	394,472	428,903
Total segment profit	20,408	8,515	25,736	15,346
Corporate and other expenses
Segment Reporting Information [Line Items]
Corporate and other expenses	(138,238)	(78,098)	(253,757)	(175,895)
Interest expense, net
Segment Reporting Information [Line Items]
Interest expense, net	$ (42,688)	$ (41,111)	$ (83,635)	$ (76,687)

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		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Earnings (loss) per share – basic:
Income (loss) from continuing operations	$ 202,509	$ (451,642)	$ 50,482	$ (514,617)
Weighted average common shares outstanding (in shares)	389,044	388,338	388,892	388,249
Earnings (loss) per share from continuing operations (in USD per share)	$ 0.52	$ (1.16)	$ 0.13	$ (1.33)
Earnings (loss) per share – diluted:
Income (loss) from continuing operations	$ 202,509	$ (451,642)	$ 50,482	$ (514,617)
Weighted average common shares outstanding (in shares)	389,044	388,338	388,892	388,249
Incremental shares from stock options and other dilutive securities (in shares)	1,901	0	1,306	0
Adjusted weighted average common shares outstanding (in shares)	390,945	388,338	390,198	388,249
Earning (loss) per share from continuing operations (in USD per share)	$ 0.52	$ (1.16)	$ 0.13	$ (1.33)

EARNINGS (LOSS) PER SHARE - Nar

EARNINGS (LOSS) PER SHARE - Narrative (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
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)	13.1	19.3	15.9	19
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)	2.4		1.6

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Mar. 30, 2024	Sep. 30, 2023
Financial assets:
Derivative financial instruments	$ 16,445	$ 32,548	$ 57,371
Deferred compensation and other	95,747	95,236
Financial liabilities:
Derivative financial instruments	54,569	40,234	$ 38,569
Deferred compensation	92,024	90,804
Contingent consulting fees	13,563
Money market funds
Financial assets:
Cash equivalents:	108,232	171,931
Time deposits
Financial assets:
Cash equivalents:	22,929	54,853
Level 1
Financial assets:
Derivative financial instruments	0	0
Deferred compensation and other	95,747	95,236
Financial liabilities:
Derivative financial instruments	0	0
Deferred compensation	0	0
Contingent consulting fees	0
Level 1 | Money market funds
Financial assets:
Cash equivalents:	108,232	171,931
Level 1 | Time deposits
Financial assets:
Cash equivalents:	22,929	54,853
Level 2
Financial assets:
Derivative financial instruments	16,445	32,548
Deferred compensation and other	0	0
Financial liabilities:
Derivative financial instruments	54,569	40,234
Deferred compensation	92,024	90,804
Contingent consulting fees	0
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 and other	0	0
Financial liabilities:
Derivative financial instruments	0	0
Deferred compensation	0	0
Contingent consulting fees	13,563
Level 3 | Money market funds
Financial assets:
Cash equivalents:	0	0
Level 3 | Time deposits
Financial assets:
Cash equivalents:	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Mar. 30, 2024
Fair Value Disclosures [Abstract]
Contingent consulting fees, total value	$ 30,700
Contingent consulting fees	13,563
Long-term debt, carrying values, including current portion	5,778,600	$ 5,703,000
Long-term debt, fair values	$ 5,437,700	$ 5,263,300

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Narrative (Details) € in Billions	3 Months Ended		6 Months Ended
	Sep. 28, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 28, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 28, 2024 EUR (€)	Mar. 30, 2024 USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative contract maturity term (up to)			20 months
Loss on derivatives recognized in net loss	$ 0	$ 0	$ 0	$ 8,100,000
Net pretax deferred losses for foreign currency exchange contracts that are expected to be reclassified to earnings during next 12 months	21,400,000		21,400,000
Pre-tax deferred gain for interest rate swap contracts that are expected to be reclassified to earnings during next 12 months	300,000		300,000
Net Investment Hedge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount | €					€ 2
Gain (loss) on derivative used in net investment hedge	(64,800,000)	65,900,000	(54,000,000)	55,500,000
Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	3,100,000,000	3,300,000,000	3,100,000,000	3,300,000,000		$ 3,100,000,000
Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 500,000,000	$ 500,000,000	$ 500,000,000	$ 500,000,000		$ 500,000,000

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Outstanding Derivatives on Individual Contract Basis (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Mar. 30, 2024	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	$ 16,445	$ 32,548	$ 57,371
Derivative Liability	(54,569)	(40,234)	(38,569)
Derivatives Designated as Hedging Instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	16,170	31,992	56,113
Derivative Liability	(53,621)	(39,639)	(37,664)
Derivatives Designated as Hedging Instruments | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	15,846	29,657	51,216
Derivative Liability	(53,621)	(39,639)	(37,664)
Derivatives Designated as Hedging Instruments | Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	324	2,335	4,897
Derivative Liability	0	0	0
Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	275	556	1,258
Derivative Liability	$ (948)	$ (595)	$ (905)

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Derivative Assets and Liabilities Presented in Consolidated Balance Sheet Adjusted from Current Gross (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Mar. 30, 2024	Sep. 30, 2023
Derivative Asset
Gross amounts presented in the Consolidated Balance Sheets	$ 16,445	$ 32,548	$ 57,371
Gross amounts not offset in the Consolidated Balance Sheets	(8,282)	(11,322)	(25,460)
Net amounts	8,163	21,226	31,911
Derivative Liability
Gross amounts presented in the Consolidated Balance Sheets	(54,569)	(40,234)	(38,569)
Gross amounts not offset in the Consolidated Balance Sheets	8,282	11,322	25,460
Net amounts	$ (46,287)	$ (28,912)	$ (13,109)

DERIVATIVE FINANCIAL INSTRUME_6

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Derivatives Classified as Current or Noncurrent Based on Maturity Dates (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Mar. 30, 2024	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	$ 16,445	$ 32,548	$ 57,371
Derivative Liability	(54,569)	(40,234)	(38,569)
Foreign exchange contracts | Other current assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	12,988	26,366	40,567
Foreign exchange contracts | Accrued liabilities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liability	(44,300)	(35,578)	(35,347)
Foreign exchange contracts | Other assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	3,133	3,847	11,907
Foreign exchange contracts | Other liabilities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Liability	(10,269)	(4,656)	(3,222)
Interest rate contracts | Other current assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	324	2,335	0
Interest rate contracts | Other assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	$ 0	$ 0	$ 4,897

DERIVATIVE FINANCIAL INSTRUME_7

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Effects of Cash Flow Hedging included in Consolidated Statements of Comprehensive Income (Loss) and Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in accumulated OCL	$ (54,435)	$ 59,895	$ (34,414)	$ 37,155
Gain (loss) reclassified from accumulated OCL into net income (loss)	(10,685)	10,238	(24,414)	20,918
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in accumulated OCL	(54,203)	58,509	(34,702)	29,349
Foreign exchange contracts | Net revenues
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated OCL into net income (loss)	(7,851)	(516)	(12,182)	574
Foreign exchange contracts | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated OCL into net income (loss)	(4,001)	9,399	(14,127)	17,474
Foreign exchange contracts | Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated OCL into net income (loss)	(47)	1,007	(455)	2,308
Foreign exchange contracts | Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated OCL into net income (loss)	53	(750)	(3)	(1,261)
Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives recognized in accumulated OCL	(232)	1,386	288	7,806
Interest rate contracts | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated OCL into net income (loss)	27	27	54	54
Interest rate contracts | Income (loss) from discontinued operations, net of tax
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated OCL into net income (loss)	$ 1,134	$ 1,071	$ 2,299	$ 1,769

RESTRUCTURING - Narrative (Deta

RESTRUCTURING - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 28, 2024	Mar. 30, 2024	Oct. 30, 2023
Restructuring Cost and Reserve [Line Items]
Cash payments	$ 23,943
Restructuring accrual	56,700	$ 60,505
Severance and employee-related benefits
Restructuring Cost and Reserve [Line Items]
Cash payments	23,041
Restructuring accrual	56,363	$ 60,160
Accrued Current Liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring accrual	54,800
Other Noncurrent Liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring accrual	1,900
Reinvent
Restructuring Cost and Reserve [Line Items]
Cash payments	$ 21,300
Reinvent | Severance and employee-related benefits
Restructuring Cost and Reserve [Line Items]
Restructuring expected cost (as a percent)			70%
Reinvent | Minimum
Restructuring Cost and Reserve [Line Items]
Estimated restructuring and restructuring-related charges			$ 190,000
Reinvent | Maximum
Restructuring Cost and Reserve [Line Items]
Estimated restructuring and restructuring-related charges			$ 210,000

RESTRUCTURING - Schedule of Com

RESTRUCTURING - Schedule of Components of Restructuring Charges (Details) - Reinvent - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	11 Months Ended
	Sep. 28, 2024	Sep. 28, 2024	Sep. 28, 2024
Restructuring Cost and Reserve [Line Items]
Total Reinvent Restructuring Charges	$ 11,795	$ 25,389	$ 134,107
Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Severance and employee-related benefits	8,158	19,299	84,121
Contract termination and other	0	737	737
Asset impairments and write-downs	0	500	39,886
Pension withdrawal	3,619	3,619	3,619
Accelerated depreciation	18	879	879
Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Severance and employee-related benefits	0	181	4,691
Contract termination and other	0	157	157
Accelerated depreciation	$ 0	$ 17	$ 17

RESTRUCTURING - Schedule of Oth

RESTRUCTURING - Schedule of Other Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Total Other Restructuring Charges	$ 154	$ 435	$ 591	$ 1,130
Severance and employee-related benefits | Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Total Other Restructuring Charges	0	0	0	676
Contract termination and other | Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Total Other Restructuring Charges	$ 154	$ 435	$ 591	$ 454

RESTRUCTURING - Schedule of Res

RESTRUCTURING - Schedule of Restructuring Costs by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Total Other Restructuring Charges	$ 154	$ 435	$ 591	$ 1,130
Operating Segments | Outdoor
Restructuring Cost and Reserve [Line Items]
Total Other Restructuring Charges	0	0	0	242
Operating Segments | Active
Restructuring Cost and Reserve [Line Items]
Total Other Restructuring Charges	0	0	0	434
Operating Segments | Work
Restructuring Cost and Reserve [Line Items]
Total Other Restructuring Charges	0	0	0	0
Corporate and other
Restructuring Cost and Reserve [Line Items]
Total Other Restructuring Charges	$ 154	$ 435	$ 591	$ 454

RESTRUCTURING - Schedule of Act

RESTRUCTURING - Schedule of Activity in Restructuring Accrual (Details) $ in Thousands	6 Months Ended
	Sep. 28, 2024 USD ($)
Restructuring Reserve [Roll Forward]
Beginning balance	$ 60,505
Charges	20,374
Cash payments and settlements	(23,943)
Adjustments to accruals	(292)
Impact of foreign currency	56
Ending balance	56,700
Severance
Restructuring Reserve [Roll Forward]
Beginning balance	60,160
Charges	19,480
Cash payments and settlements	(23,041)
Adjustments to accruals	(292)
Impact of foreign currency	56
Ending balance	56,363
Other
Restructuring Reserve [Roll Forward]
Beginning balance	345
Charges	894
Cash payments and settlements	(902)
Adjustments to accruals	0
Impact of foreign currency	0
Ending balance	$ 337

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Billions				3 Months Ended		6 Months Ended
	Oct. 22, 2024	Oct. 04, 2024	Oct. 01, 2024	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Subsequent Event [Line Items]
Dividends declared (in USD per share)				$ 0.09	$ 0.30	$ 0.18	$ 0.60
Subsequent Event
Subsequent Event [Line Items]
Dividends declared (in USD per share)	$ 0.09
Subsequent Event | DDTL Agreement | Line of Credit
Subsequent Event [Line Items]
Payment for debt		$ 1	$ 1
Disposal Group, Held-for-Sale, Not Discontinued Operations | Supreme | Subsequent Event
Subsequent Event [Line Items]
Proceeds from sale of business			$ 1.5