VF Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)

12 Months Ended

Mar. 28, 2020



(In thousands)	March 2020		March 2019
3.50% notes, due 2021	$	—	$	498,450
0.625% notes, due 2023	939,664		949,049
0.250% notes, due 2028	547,573		—
0.625% notes, due 2032	543,198		—
6.00% notes, due 2033	270,820		292,982
6.45% notes, due 2037	284,259		346,534
Finance leases	23,773		34,132
Total long-term debt	2,609,287		2,121,147
Less current portion	1,018		5,263
Long-term debt, due beyond one year	$	2,608,269	$	2,115,884

On April 23, 2020, VF issued senior unsecured notes, as outlined in the table below:



(Dollars in thousands)
Scheduled Maturity	Aggregate Principal		Interest Rate		Interest Payments
Senior Notes due April 23, 2022	$	1,000,000	2.050	%	Semiannually
Senior Notes due April 23, 2025	750,000		2.400	%	Semiannually
Senior Notes due April 23, 2027	500,000		2.800	%	Semiannually
Senior Notes due April 23, 2030	750,000		2.950	%	Semiannually
Total Issuance	$	3,000,000

Payments of Long-term Debt and Future Minimum Lease Payments

The scheduled payments of long-term debt, excluding finance leases (Note 10), at the end of Fiscal 2020 for the next five fiscal years and thereafter are summarized as follows:



(In thousands)	Notes and Other
2021	$	—
2022	—
2023	—
2024	943,330
2025	—
Thereafter	1,673,726
	2,617,056
Less unamortized debt discount	16,134
Less unamortized debt issuance costs	15,408
Total long-term debt	2,585,514
Less current portion	—
Long-term debt, due beyond one year	$	2,585,514

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details