Quarterly report [Sections 13 or 15(d)]

LEASES

v3.26.3
LEASES
 6 Months Ended
Sep. 26, 2026
Leases [Abstract]  
LEASES LEASES
The Company leases certain retail locations, office space, distribution facilities, machinery and equipment, and vehicles. All of these leases are operating leases. VF previously had one finance lease for a distribution center that was sold in Fiscal 2026 as part of the Dickies divestiture. Total lease cost includes operating lease cost, variable lease cost, finance lease cost (as applicable), short-term lease cost and an impairment of right-of-use assets. The components of lease cost were as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2026 2025 2026 2025
Operating lease cost $ 109,033  $ 103,037  $ 211,880  $ 201,465 
Other lease cost 30,325  32,292  70,242  67,205 
Total lease cost $ 139,358  $ 135,329  $ 282,122  $ 268,670 
During the six months ended September 2026, the Company recorded a $6.4 million impairment charge in the selling, general and administrative (“SG&A”) expenses line item in VF's Consolidated Statement of Operations for an impairment of a distribution center.
During the six months ended September 2026 and 2025, the Company paid $225.3 million and $207.8 million for operating leases, respectively. During the six months ended September 2026 and 2025, the Company obtained $203.9 million and $223.8 million of right-of-use assets in exchange for lease liabilities, respectively.
LEASES LEASES
The Company leases certain retail locations, office space, distribution facilities, machinery and equipment, and vehicles. All of these leases are operating leases. VF previously had one finance lease for a distribution center that was sold in Fiscal 2026 as part of the Dickies divestiture. Total lease cost includes operating lease cost, variable lease cost, finance lease cost (as applicable), short-term lease cost and an impairment of right-of-use assets. The components of lease cost were as follows:
Three Months Ended September Six Months Ended September
(In thousands) 2026 2025 2026 2025
Operating lease cost $ 109,033  $ 103,037  $ 211,880  $ 201,465 
Other lease cost 30,325  32,292  70,242  67,205 
Total lease cost $ 139,358  $ 135,329  $ 282,122  $ 268,670 
During the six months ended September 2026, the Company recorded a $6.4 million impairment charge in the selling, general and administrative (“SG&A”) expenses line item in VF's Consolidated Statement of Operations for an impairment of a distribution center.
During the six months ended September 2026 and 2025, the Company paid $225.3 million and $207.8 million for operating leases, respectively. During the six months ended September 2026 and 2025, the Company obtained $203.9 million and $223.8 million of right-of-use assets in exchange for lease liabilities, respectively.