Quarterly report [Sections 13 or 15(d)]

RESTRUCTURING (Tables)

v3.25.3
RESTRUCTURING (Tables)
 6 Months Ended
Sep. 27, 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 Statements of Operations for the three and six months ended September 2025 and 2024, and the cumulative charges recorded since the inception of Reinvent were as follows:
Three Months Ended September Six Months Ended September Cumulative Charges
(In thousands) 2025 2024 2025 2024
Type of Cost Location
Severance and employee-related benefits SG&A expenses $ 4,214  $ 8,158  $ 15,462  $ 19,299  $ 146,286 
Severance and employee-related benefits Cost of goods sold (405) —  3,820  181  10,003 
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 (30) —  2,170  500  50,339 
Pension withdrawal SG&A expenses —  3,619  —  3,619  3,619 
Curtailment gains Other income (expense), net —  —  (531) —  (1,467)
Accelerated depreciation SG&A expenses —  18  —  879  1,317 
Accelerated depreciation Cost of goods sold 322  —  322  17  339 
Total Reinvent Restructuring Charges $ 4,101  $ 11,795  $ 21,569  $ 25,389  $ 211,656 
The type of cost and respective location of Other Restructuring Charges within VF's Consolidated Statement of Operations for the three and six months ended September 2025 and 2024 were as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2025 2024 2025 2024
Type of Cost Location
Severance and employee-related benefits SG&A expenses $ 788  $ —  $ 788  $ — 
Contract termination and other SG&A expenses —  154  —  591 
Total Other Restructuring Charges $ 788  $ 154  $ 788  $ 591 
Other Restructuring Charges by reportable segment were as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2025 2024 2025 2024
Active $ 331  $ —  $ 331  $ — 
Corporate and other 457 154 457 591
Total 788 154 788 591
Schedule of Activity in Restructuring Accrual
The activity in the restructuring accrual related to Reinvent and Other Restructuring Charges for the six-month period ended September 2025 was as follows:
(In thousands) Severance Other Total
Accrual at March 2025 $ 65,250  $ 337  $ 65,587 
Charges 20,070  —  20,070 
Cash payments and settlements (49,983) —  (49,983)
Adjustments to accruals (16) (337) (353)
Impact of foreign currency 737  —  737 
Accrual at September 2025 $ 36,058  $ —  $ 36,058