Quarterly report [Sections 13 or 15(d)]

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS

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CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS
 9 Months Ended
Dec. 27, 2025
Equity [Abstract]  
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS
Common Stock
During the nine months ended December 2025, 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 December 2025, March 2025 or December 2024. 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 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 is presented in the Consolidated Statements of Comprehensive Income. 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) December 2025 March 2025 December 2024
Foreign currency translation and other $ (746,238) $ (821,189) $ (846,574)
Defined benefit pension plans (178,810) (180,047) (171,993)
Derivative financial instruments (76,238) 23,496  67,082 
Accumulated other comprehensive loss $ (1,001,286) $ (977,740) $ (951,485)
The changes in accumulated OCL, net of related taxes, were as follows:
  Three Months Ended December 2025
(In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total
Balance, September 2025 $ (770,855) $ (174,008) $ (79,178) $ (1,024,041)
Other comprehensive income (loss) before reclassifications
 24,235  (33,795) (20,253) (29,813)
Amounts reclassified from accumulated other comprehensive loss
 382  28,993  23,193  52,568 
Net other comprehensive income (loss)
 24,617  (4,802) 2,940  22,755 
Balance, December 2025 $ (746,238) $ (178,810) $ (76,238) $ (1,001,286)
  Three Months Ended December 2024
(In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total
Balance, September 2024 $ (869,994) $ (175,087) $ (25,499) $ (1,070,580)
Other comprehensive income (loss) before reclassifications
 (51,873) (99) 88,068  36,096 
Amounts reclassified from accumulated other comprehensive loss
 75,293  3,193  4,513  82,999 
Net other comprehensive income
23,420  3,094  92,581  119,095 
Balance, December 2024 $ (846,574) $ (171,993) $ 67,082  $ (951,485)
Nine Months Ended December 2025
(In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total
Balance, March 2025 $ (821,189) $ (180,047) $ 23,496  $ (977,740)
Other comprehensive income (loss) before reclassifications 74,569  (34,650) (111,386) (71,467)
Amounts reclassified from accumulated other comprehensive loss 382  35,887  11,652  47,921 
Net other comprehensive income (loss) 74,951  1,237  (99,734) (23,546)
Balance, December 2025 $ (746,238) $ (178,810) $ (76,238) $ (1,001,286)
Nine Months Ended December 2024
(In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total
Balance, March 2024 $ (868,439) $ (182,333) $ (13,559) $ (1,064,331)
Other comprehensive income (loss) before reclassifications (53,428) (135) 56,015  2,452 
Amounts reclassified from accumulated other comprehensive loss 75,293  10,475  24,626  110,394 
Net other comprehensive income 21,865  10,340  80,641  112,846 
Balance, December 2024 $ (846,574) $ (171,993) $ 67,082  $ (951,485)
Reclassifications out of accumulated OCL were as follows:
(In thousands) Three Months Ended December Nine Months Ended December
Details About Accumulated Other Comprehensive Loss Components Affected Line Item in the Consolidated Statements of Operations
2025 2024 2025 2024
Losses on foreign currency translation and other:
Sale of Dickies
 Other income (expense), net $ (382) $ —  $ (382) $ — 
Sale of Supreme
Loss from discontinued operations, net of tax (a)
—  (75,293) —  (75,293)
Total before tax
 (382) (75,293) (382) (75,293)
Income tax effect
 —  —  —  — 
Net of tax
 (382) (75,293) (382) (75,293)
Amortization of defined benefit pension plans:
Net deferred actuarial losses
 Other income (expense), net (4,886) (5,049) (14,631) (15,146)
Deferred prior service credits
 Other income (expense), net 159  148  470  442 
Pension settlement charges
 Other income (expense), net (34,192) —  (34,533) — 
Pension curtailment gains
 Other income (expense), net —  638  531  638 
Total before tax
 (38,919) (4,263) (48,163) (14,066)
Income tax effect
 9,926  1,070  12,276  3,591 
Net of tax
 (28,993) (3,193) (35,887) (10,475)
Gains (losses) on derivative financial instruments:
Foreign exchange contracts
 Revenues 1,945  (9,580) 519  (21,762)
Foreign exchange contracts
 Cost of goods sold (21,412) 4,648  (7,241) (9,479)
Foreign exchange contracts
 SG&A expenses 175  166  (336) (289)
Foreign exchange contracts
 Other income (expense), net 2,421  (970) 3,971  (973)
Interest rate contracts
 Interest expense 27  364  81  418 
Interest rate contracts
 Loss from discontinued operations, net of tax —  —  —  2,299 
Total before tax
 (16,844) (5,372) (3,006) (29,786)
Income tax effect
 (6,349) 859  (8,646) 5,160 
Net of tax
 (23,193) (4,513) (11,652) (24,626)
Total reclassifications for the period, net of tax $ (52,568) $ (82,999) $ (47,921) $ (110,394)
(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 loss from discontinued operations, net of tax line item in the Consolidated Statements of Operations for the three and nine months ended December 2024 and offset against the derecognition of the previously recorded allowance on the disposal group.