Quarterly report [Sections 13 or 15(d)]

RESTRUCTURING (Tables)

v3.25.2
RESTRUCTURING (Tables)
 3 Months Ended
Jun. 28, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs
The type of cost and respective location of restructuring charges related to Reinvent within VF's Consolidated Statement of Operations for the three months ended June 2025 and 2024, and the cumulative charges recorded since the inception of Reinvent were as follows:
Three Months Ended June Cumulative Charges
(In thousands) 2025 2024
Type of Cost Location
Severance and employee-related benefits SG&A expenses $ 11,248  $ 11,141  $ 142,072 
Severance and employee-related benefits Cost of goods sold 4,225  181  10,408 
Contract termination and other SG&A expenses 326  737  1,063 
Contract termination and other Cost of goods sold —  157  157 
Asset impairments and write-downs SG&A expenses 2,200  500  50,369 
Pension withdrawal SG&A expenses —  —  3,619 
Curtailment gains Other income (expense), net (531) —  (1,467)
Accelerated depreciation SG&A expenses —  861  1,317 
Accelerated depreciation Cost of goods sold —  17  17 
Total Reinvent Restructuring Charges $ 17,468  $ 13,594  $ 207,555 
The type of cost and respective location of Other Restructuring Charges within VF's Consolidated Statement of Operations for the three months ended June 2025 and 2024 were as follows:
Three Months Ended June
(In thousands) 2025 2024
Type of Cost Location
Contract termination and other SG&A expenses $ —  $ 437 
Total Other Restructuring Charges $ —  $ 437 
Schedule of Activity in Restructuring Accrual
The activity in the restructuring accrual related to Reinvent and Other Restructuring Charges for the three-month period ended June 2025 was as follows:
(In thousands) Severance Other Total
Accrual at March 2025 $ 65,250  $ 337  $ 65,587 
Charges 15,473  —  15,473 
Cash payments and settlements (22,583) —  (22,583)
Adjustments to accruals —  —  — 
Impact of foreign currency 805  —  805 
Accrual at June 2025 $ 58,945  $ 337  $ 59,282