Quarterly report [Sections 13 or 15(d)]

CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS

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CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS
 6 Months Ended
Sep. 26, 2026
Equity [Abstract]  
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS
Common Stock
During the six months ended September 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 September 2026, March 2026 or September 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 income consists of net income and specified components of other comprehensive income (loss), which relate to changes in assets and liabilities that are not included in net income 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 other comprehensive loss (“OCL”) in stockholders’ equity, as follows:
(In thousands) September 2026 March 2026 September 2025
Foreign currency translation and other $ (768,426) $ (767,111) $ (770,855)
Defined benefit pension plans (10,905) (11,126) (174,008)
Derivative financial instruments 7,553  (28,814) (79,178)
Accumulated other comprehensive loss $ (771,778) $ (807,051) $ (1,024,041)
The changes in accumulated OCL, net of related taxes, were as follows:
Three Months Ended September 2026
(In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total
Balance, June 2026 $ (762,117) $ (11,017) $ (4,381) $ (777,515)
Other comprehensive loss before reclassifications
 (6,309) (1) (4,858) (11,168)
Amounts reclassified from accumulated other comprehensive loss
 —  113  16,792  16,905 
Net other comprehensive income (loss)
 (6,309) 112  11,934  5,737 
Balance, September 2026 $ (768,426) $ (10,905) $ 7,553  $ (771,778)
Three Months Ended September 2025
(In thousands) Foreign Currency Translation and Other Defined Benefit Pension Plans Derivative Financial Instruments Total
Balance, June 2025 $ (763,627) $ (176,910) $ (96,887) $ (1,037,424)
Other comprehensive income (loss) before reclassifications
 (7,228) (865) 18,179  10,086 
Amounts reclassified from accumulated other comprehensive loss
 —  3,767  (470) 3,297 
Net other comprehensive income (loss)
 (7,228) 2,902  17,709  13,383 
Balance, September 2025 $ (770,855) $ (174,008) $ (79,178) $ (1,024,041)
Six Months Ended September 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 (1,315) (4) 4,940  3,621 
Amounts reclassified from accumulated other comprehensive loss —  225  31,427  31,652 
Net other comprehensive income (loss) (1,315) 221  36,367  35,273 
Balance, September 2026 $ (768,426) $ (10,905) $ 7,553  $ (771,778)
Six Months Ended September 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 50,334  (855) (91,133) (41,654)
Amounts reclassified from accumulated other comprehensive loss —  6,894  (11,541) (4,647)
Net other comprehensive income (loss) 50,334  6,039  (102,674) (46,301)
Balance, September 2025 $ (770,855) $ (174,008) $ (79,178) $ (1,024,041)
Reclassifications out of accumulated OCL were as follows:
(In thousands) Three Months Ended September Six Months Ended September
Details About Accumulated Other Comprehensive Loss Components Affected Line Item in the Consolidated Statements of Operations
2026 2025 2026 2025
Amortization of defined benefit pension plans:
Net deferred actuarial losses
 Other income (expense), net $ (307) $ (4,874) (617) (9,745)
Deferred prior service credits
 Other income (expense), net 156  158  315  311 
Pension settlement charge
 Other income (expense), net —  (341) —  (341)
Pension curtailment gains
 Other income (expense), net —  —  —  531 
Total before tax
 (151) (5,057) (302) (9,244)
Income tax effect
 38  1,290  77  2,350 
Net of tax
 (113) (3,767) (225) (6,894)
Gains (losses) on derivative financial instruments:
Foreign exchange contracts
 Revenues (1,766) 545  (1,287) (1,426)
Foreign exchange contracts
 Cost of goods sold (18,617) (863) (36,258) 14,171 
Foreign exchange contracts
SG&A expenses
 (434) (250) (567) (511)
Foreign exchange contracts
 Other income (expense), net 94  1,074  418  1,550 
Interest rate contracts
 Interest expense 27  27  54  54 
Total before tax
 (20,696) 533  (37,640) 13,838 
Income tax effect
 3,904  (63) 6,213  (2,297)
Net of tax
 (16,792) 470  (31,427) 11,541 
Total reclassifications for the period, net of tax $ (16,905) $ (3,297) $ (31,652) $ 4,647