Quarterly report [Sections 13 or 15(d)]

RESTRUCTURING (Tables)

v3.26.1
RESTRUCTURING (Tables)
 3 Months Ended
Jun. 27, 2026
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 months ended June 2026 and 2025, and the cumulative charges recorded since the inception of Reinvent were as follows:
Three Months Ended June Cumulative Charges
(In thousands) 2026 2025
Type of Cost Location
Severance and employee-related benefits SG&A expenses $ —  $ 11,248  $ 138,040 
Severance and employee-related benefits Cost of goods sold —  4,225  10,003 
Contract termination and other SG&A expenses —  326  1,063 
Contract termination and other Cost of goods sold —  —  157 
Asset impairments and write-downs SG&A expenses 6,397  2,200  56,736 
Gain on the sale of fixed assets SG&A expenses (17,600) —  (17,600)
Pension withdrawal SG&A expenses —  —  5,216 
Curtailment gains Other income (expense), net —  (531) (1,467)
Accelerated depreciation SG&A expenses —  —  1,317 
Accelerated depreciation Cost of goods sold —  —  339 
Total Reinvent Restructuring Charges $ (11,203) $ 17,468  $ 193,804 
The type of cost and respective location of Other Restructuring Charges within VF’s Consolidated Statements of Operations for the three months ended June 2026 and 2025 were as follows:
Three Months Ended June
(In thousands) 2026 2025
Type of Cost Location
Severance and employee-related benefits SG&A expenses $ 2,363  $ — 
Severance and employee-related benefits Cost of goods sold 45  — 
Total Other Restructuring Charges $ 2,408  $ — 
Other Restructuring Charges by reportable segment and the “All Other” category were as follows:
Three Months Ended June
(In thousands) 2026 2025
Outdoor $ 50  $ — 
Active 1,095  — 
All Other 29  — 
Corporate and other 1,234  — 
Total $ 2,408  $ — 
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 2026 was as follows:
(In thousands) Severance
Accrual at March 2026 $ 31,042 
Restructuring charges 2,408 
Cash payments and settlements (4,909)
Adjustments to accruals (862)
Impact of foreign currency 46 
Accrual at June 2026 $ 27,725