Annual report [Section 13 and 15(d), not S-K Item 405]

INTANGIBLE ASSETS

v3.25.1
INTANGIBLE ASSETS
 12 Months Ended
Mar. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
(In thousands) Weighted
Average
Amortization
Period		 Amortization
Method		 Cost Accumulated
Amortization		 Net
Carrying
Amount
March 2025
Amortizable intangible assets:
Customer relationships and other 19 years Accelerated $ 262,882  $ 201,060  $ 61,822 
Indefinite-lived intangible assets:
Trademarks and trade names 1,648,885 
Intangible assets, net $ 1,710,707 
(In thousands) Weighted
Average
Amortization
Period		 Amortization
Method		 Cost Accumulated
Amortization		 Net
Carrying
Amount
March 2024
Amortizable intangible assets:
Customer relationships and other 19 years Accelerated $ 262,084  $ 187,121  $ 74,963 
Indefinite-lived intangible assets:
Trademarks and trade names 1,701,519 
Intangible assets, net $ 1,776,482 
During the year ended March 2025, VF recorded impairment charges of $51.0 million related to the Dickies indefinite-lived trademark intangible asset as a result of a triggering event during the third quarter of Fiscal 2025. Refer to Note 24 for additional information on fair value measurements.
VF did not record any intangible asset impairment charges in the years ended March 2024 or March 2023.
Amortization expense for the years ended March 2025, 2024 and 2023 was $13.2 million, $13.8 million and $14.1 million, respectively. Estimated amortization expense for the next five fiscal years is $12.2 million, $11.7 million, $10.8 million, $9.8 million and $7.8 million, respectively.