Quarterly report [Sections 13 or 15(d)]

REPORTABLE SEGMENT INFORMATION (Tables)

v3.25.3
REPORTABLE SEGMENT INFORMATION (Tables)
 6 Months Ended
Sep. 27, 2025
Segment Reporting [Abstract]  
Schedule of Financial Information for Reportable Segments
Financial information for VF's segments is as follows:
Three Months Ended September 2025
(In thousands) Outdoor Active Total
Reportable segment revenues $ 1,663,479  $ 760,750  $ 2,424,229 
"All Other" revenues 378,477 
Total revenues 2,802,706 
Less:
Cost of goods sold 822,350  324,366 
Marketing expenses 119,990  64,196 
Other SG&A expenses 423,058  306,974 
Other segment items (a)
2,659  534 
Segment profit 300,740  65,748  366,488 
Corporate and other expenses (95,672)
Interest expense, net (46,209)
"All Other" profit 43,674 
Income from continuing operations before income taxes $ 268,281 
(a)For each reportable segment, 'Other segment items' includes certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
Three Months Ended September 2024
(In thousands) Outdoor Active Total
Reportable segment revenues $ 1,566,722  $ 824,536  $ 2,391,258 
"All Other" revenues 366,690 
Total revenues 2,757,948 
Less:
Cost of goods sold 783,343  335,465 
Marketing expenses 104,793  74,695 
Other SG&A expenses 400,976  320,927 
Other segment items (a)
528  2 
Segment profit 278,138  93,451  371,589 
Corporate and other expenses (138,238)
Interest expense, net (b)
(42,688)
"All Other" profit 39,892 
Income from continuing operations before income taxes $ 230,555 
(a)For each reportable segment, 'Other segment items' includes certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
(b)Interest expense and the related interest rate swap impact for the DDTL, which totaled $16.2 million for the three months ended September 2024, were allocated to discontinued operations due to the requirement within the DDTL's amended agreement that the DDTL be prepaid upon the receipt of the net cash proceeds from the sale of Supreme.
Six Months Ended September 2025
(In thousands) Outdoor Active Total
Reportable segment revenues $ 2,475,945  $ 1,460,437  $ 3,936,382 
"All Other" revenues 626,990 
Total revenues 4,563,372 
Less:
Cost of goods sold 1,208,427  623,135 
Marketing expenses 191,581  117,313 
Other SG&A expenses 821,611  598,254 
Other segment items (a)
4,144  851 
Segment profit 258,470  122,586  381,056 
Corporate and other expenses (200,232)
Interest expense, net
(87,329)
"All Other" profit 48,193 
Income from continuing operations before income taxes $ 141,688 
(a)For each reportable segment, 'Other segment items' includes certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
Six Months Ended September 2024
(In thousands) Outdoor Active Total
Reportable segment revenues $ 2,320,352  $ 1,601,270  $ 3,921,622 
"All Other" revenues 605,386 
Total revenues 4,527,008 
Less:
Cost of goods sold 1,184,919  665,592 
Marketing expenses 171,182  142,017 
Other SG&A expenses 759,589  628,730 
Other segment items (a)
589  (15)
Segment profit 205,251  164,916  370,167 
Corporate and other expenses (253,757)
Interest expense, net (b)
(83,635)
"All Other" profit 32,327 
Income from continuing operations before income taxes $ 65,102 
(a)For each reportable segment, 'Other segment items' includes certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
(b)Interest expense and the related interest rate swap impact for the DDTL, which totaled $31.1 million for the six months ended September 2024, were allocated to discontinued operations due to the requirement within the DDTL's amended agreement that the DDTL be prepaid upon the receipt of the net cash proceeds from the sale of Supreme.
Schedule of Reconciliation of Assets from Segment to Consolidated
(In thousands) September 2025 March 2025 September 2024
Segment assets:
Outdoor $ 2,454,730  $ 1,552,908  $ 2,367,478 
Active 894,891  860,128  911,778 
All Other 370,102  507,223  616,577 
Corporate and other 17,770  28,429  7,282 
Total segment assets 3,737,493  2,948,688  3,903,115 
Cash and cash equivalents 419,115  429,382  492,164 
Property, plant and equipment, net 688,478  720,879  755,802 
Goodwill and intangible assets, net 2,096,460  2,314,093  2,426,628 
Operating lease right-of-use assets 1,347,097  1,262,319  1,313,030 
Other assets 1,818,974  1,702,175  1,737,915 
Assets held-for-sale 536,507  —  — 
Assets of discontinued operations —  —  1,590,984 
Consolidated assets $ 10,644,124  $ 9,377,536  $ 12,219,638 
Schedule of Reconciliation of Capital Expenditures and Depreciation and Amortization Expense
Three Months Ended September Six Months Ended September
(In thousands) 2025 2024 2025 2024
Depreciation and amortization:
Outdoor $ 26,147  $ 24,171  $ 52,121  $ 48,559 
Active 12,943  13,569  26,321  27,675 
All Other 7,332  5,268  12,274  10,558 
Corporate and other 23,380  18,763  43,448  39,604 
$ 69,802  $ 61,771  $ 134,164  $ 126,396