Quarterly report [Sections 13 or 15(d)]

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS

v3.26.1
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS
 3 Months Ended
Jun. 27, 2026
Equity [Abstract]  
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS
Common Stock
During the three months ended June 2026, 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 June 2026, March 2026 or June 2025. 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 loss consists of net loss and specified components of other comprehensive income (loss), which relate to changes in assets and liabilities that are not included in net loss under GAAP but are instead deferred and accumulated within a separate component of stockholders’ equity in the balance sheet. VF’s comprehensive loss is presented in the Consolidated Statements of Comprehensive Loss. The deferred components of other comprehensive income (loss) are reported, net of related income taxes, in accumulated other comprehensive loss (“OCL”) in stockholders’ equity, as follows:
(In thousands) June 2026 March 2026 June 2025
Foreign currency translation and other $ (762,117) $ (767,111) $ (763,627)
Defined benefit pension plans (11,017) (11,126) (176,910)
Derivative financial instruments (4,381) (28,814) (96,887)
Accumulated other comprehensive loss $ (777,515) $ (807,051) $ (1,037,424)
The changes in accumulated OCL, net of related taxes, were as follows:
  Three Months Ended June 2026
(In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total
Balance, March 2026 $ (767,111) $ (11,126) $ (28,814) $ (807,051)
Other comprehensive income (loss) before reclassifications
 4,994  (3) 9,798  14,789 
Amounts reclassified from accumulated other comprehensive loss
 —  112  14,635  14,747 
Net other comprehensive income
 4,994  109  24,433  29,536 
Balance, June 2026 $ (762,117) $ (11,017) $ (4,381) $ (777,515)
  Three Months Ended June 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
 57,562  10  (109,312) (51,740)
Amounts reclassified from accumulated other comprehensive loss
 —  3,127  (11,071) (7,944)
Net other comprehensive income (loss)
 57,562  3,137  (120,383) (59,684)
Balance, June 2025 $ (763,627) $ (176,910) $ (96,887) $ (1,037,424)
Reclassifications out of accumulated OCL were as follows:
(In thousands) Three Months Ended June
Details About Accumulated Other Comprehensive Loss Components Affected Line Item in the Consolidated Statements of Operations
2026 2025
Amortization of defined benefit pension plans:
Net deferred actuarial losses
 Other income (expense), net $ (310) $ (4,871)
Deferred prior service credits
 Other income (expense), net 159  153 
Pension curtailment gains
 Other income (expense), net —  531 
Total before tax
 (151) (4,187)
Income tax effect
 39  1,060 
Net of tax
 (112) (3,127)
Gains (losses) on derivative financial instruments:
Foreign exchange contracts
 Revenues 479  (1,971)
Foreign exchange contracts
 Cost of goods sold (17,641) 15,034 
Foreign exchange contracts
SG&A expenses
 (133) (261)
Foreign exchange contracts
 Other income (expense), net 324  476 
Interest rate contracts
 Interest expense 27  27 
Total before tax
 (16,944) 13,305 
Income tax effect
 2,309  (2,234)
Net of tax
 (14,635) 11,071 
Total reclassifications for the period, net of tax $ (14,747) $ 7,944