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

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS

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CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS
 12 Months Ended
Mar. 29, 2025
Equity [Abstract]  
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS
Common Stock
During the years ended March 2025, 2024 and 2023, the Company did not purchase shares of Common Stock in open market transactions under its share repurchase program authorized by VF’s Board of Directors. These are treated as treasury stock transactions when shares are repurchased.
Common Stock outstanding is net of shares held in treasury which are, in substance, retired. There were no shares held in treasury at the end of March 2025, 2024 or 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 of other comprehensive income (loss) are reported, net of related income taxes, in accumulated OCL in stockholders’ equity, as follows:
(In thousands) March 2025 March 2024
Foreign currency translation and other $ (821,189) $ (868,439)
Defined benefit pension plans (180,047) (182,333)
Derivative financial instruments 23,496  (13,559)
Accumulated other comprehensive loss $ (977,740) $ (1,064,331)
The changes in accumulated OCL, net of related taxes, were as follows:
(In thousands) Foreign Currency Translation and Other Defined
Benefit
Pension Plans		 Derivative
Financial
Instruments		 Total
Balance, March 2022 $ (751,632) $ (230,290) $ 55,343  $ (926,579)
Other comprehensive income (loss) before reclassifications (108,019) (18,596) 44,979  (81,636)
Amounts reclassified from accumulated other comprehensive loss —  81,194  (92,497) (11,303)
Net other comprehensive income (loss) (108,019) 62,598  (47,518) (92,939)
Balance, March 2023 (859,651) (167,692) 7,825  (1,019,518)
Other comprehensive income (loss) before reclassifications (8,788) (28,939) (6,443) (44,170)
Amounts reclassified from accumulated other comprehensive loss —  14,298  (14,941) (643)
Net other comprehensive income (loss) (8,788) (14,641) (21,384) (44,813)
Balance, March 2024 (868,439) (182,333) (13,559) (1,064,331)
Other comprehensive income (loss) before reclassifications (28,043) (11,630) 10,028  (29,645)
Amounts reclassified from accumulated other comprehensive loss 75,293  13,916  27,027  116,236 
Net other comprehensive income (loss) 47,250  2,286  37,055  86,591 
Balance, March 2025 $ (821,189) $ (180,047) $ 23,496  $ (977,740)
Reclassifications out of accumulated OCL were as follows:
(In thousands) Affected Line Item in the Consolidated Statements of Operations Year Ended March
Details About Accumulated Other
Comprehensive Loss Components
2025 2024 2023
Losses on foreign currency translation and other:
Sale of Supreme
Income (loss) from discontinued operations, net of tax (a)
$ (75,293) $ —  $ — 
Total before tax (75,293) —  — 
Income tax effect —  —  — 
Net of tax (75,293) —  — 
Amortization of defined benefit pension plans:
Net deferred actuarial losses Other income (expense), net (20,205) (16,656) (16,395)
Deferred prior service credits Other income (expense), net 589  541  453 
Pension curtailment gains and settlement charges Other income (expense), net 936  (3,538) (93,731)
Total before tax (18,680) (19,653) (109,673)
Income tax effect 4,764  5,355  28,479 
Net of tax (13,916) (14,298) (81,194)
Gains (losses) on derivative financial instruments:
Foreign exchange contracts Revenues (29,941) (5,004) (6,843)
Foreign exchange contracts Cost of goods sold (3,192) 15,703  120,438 
Foreign exchange contracts SG&A expenses (518) 3,437  6,695 
Foreign exchange contracts Other income (expense), net (1,688) (253) (10,365)
Interest rate contracts Interest expense 445  108  108 
Interest rate contracts Income (loss) from discontinued operations, net of tax 2,299  4,130  127 
Total before tax (32,595) 18,121  110,160 
Income tax effect 5,568  (3,180) (17,663)
Net of tax (27,027) 14,941  92,497 
Total reclassifications for the period, net of tax $ (116,236) $ 643  $ 11,303 
(a)Foreign currency translation losses related to Supreme were included in the carrying value of the disposal group used in determining the estimated loss on sale recorded during the second quarter of Fiscal 2025. Upon completion of the sale of Supreme on October 1, 2024, these amounts were reclassified out of accumulated OCL into the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Operations for the year ended March 2025 and offset against the derecognition of the previously recorded allowance on the disposal group.