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Quarterly report [Sections 13 or 15(d)]

REPORTABLE SEGMENT INFORMATION (Tables)

v3.25.4
REPORTABLE SEGMENT INFORMATION (Tables)
 9 Months Ended
Dec. 27, 2025
Segment Reporting [Abstract]
Schedule of Financial Information for Reportable Segments
Financial information for VF's segments is as follows:
Three Months Ended December 2025
(In thousands) Outdoor Active Total
Reportable segment revenues $ 1,926,008 $ 671,835 $ 2,597,843
“All Other” revenues
 277,958
Total revenues 2,875,801
Less:
Cost of goods sold 818,631 294,120
Marketing expenses 172,665 67,728
Other SG&A expenses 529,680 315,145
Other segment items (a)
2,694 536
Segment profit (loss) 407,726 (4,622) 403,104
Impairment of goodwill (30,716)
Corporate and other income (expenses) (b)
10,030
Interest expense, net (34,611)
“All Other” profit
 15,052
Income from continuing operations before income taxes $ 362,859
(a)For each reportable segment, 'Other segment items' include certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
(b)An estimated pre-tax gain on the sale of Dickies of $139.1 million was recorded in the other income (expense), net line item in the Consolidated Statement of Operations for the three months ended December 2025. Refer to Note 4 for additional information regarding the divestiture. In addition, a pension settlement charge of $34.0 million related to the termination of the U.S. qualified plan was recorded in the other income (expense), net line item in the Consolidated Statement of Operations for the three months ended December 2025. Refer to Note 11 for additional information regarding the settlement charge.
Three Months Ended December 2024
(In thousands) Outdoor Active Total
Reportable segment revenues $ 1,780,276 $ 716,549 $ 2,496,825
“All Other” revenues
 337,087
Total revenues 2,833,912
Less:
Cost of goods sold 767,302 304,205
Marketing expenses 148,592 81,137
Other SG&A expenses 481,368 325,120
Other segment items (a)
6,141 581
Segment profit 389,155 6,668 395,823
Impairment of intangible assets (51,000)
Corporate and other expenses (142,202)
Interest expense, net (36,516)
“All Other” profit
 30,564
Income from continuing operations before income taxes $ 196,669
(a)For each reportable segment, 'Other segment items' include certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
Nine Months Ended December 2025
(In thousands) Outdoor Active Total
Reportable segment revenues $ 4,401,953 $ 2,132,272 $ 6,534,225
“All Other” revenues
 904,948
Total revenues 7,439,173
Less:
Cost of goods sold 2,027,058 917,255
Marketing expenses 364,246 185,041
Other SG&A expenses 1,351,291 913,399
Other segment items (a)
6,838 1,387
Segment profit 666,196 117,964 784,160
Impairment of goodwill (30,716)
Corporate and other expenses (b)
(190,202)
Interest expense, net
(121,940)
“All Other” profit
 63,245
Income from continuing operations before income taxes $ 504,547
(a)For each reportable segment, 'Other segment items' include certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
(b)An estimated pre-tax gain on the sale of Dickies of $139.1 million was recorded in the other income (expense), net line item in the Consolidated Statement of Operations for the nine months ended December 2025. Refer to Note 4 for additional information regarding the divestiture. In addition, a pension settlement charge of $34.0 million related to the termination of the U.S. qualified plan was recorded in the other income (expense), net line item in the Consolidated Statement of Operations for the nine months ended December 2025. Refer to Note 11 for additional information regarding the settlement charge.
Nine Months Ended December 2024
(In thousands) Outdoor Active Total
Reportable segment revenues $ 4,100,628 $ 2,317,819 $ 6,418,447
“All Other” revenues
 942,473
Total revenues 7,360,920
Less:
Cost of goods sold 1,952,221 969,797
Marketing expenses 319,774 223,154
Other SG&A expenses 1,240,957 953,850
Other segment items (a)
6,730 566
Segment profit 594,406 171,584 765,990
Impairment of intangible assets (51,000)
Corporate and other expenses (395,959)
Interest expense, net (b)
(120,151)
“All Other” profit
 62,891
Income from continuing operations before income taxes $ 261,771
(a)For each reportable segment, 'Other segment items' include certain foreign currency and hedging gains and losses and other miscellaneous non-operating income and expenses, which are reported in the other income (expense), net line item in the Consolidated Statement of Operations.
(b)Interest expense and the related interest rate swap impact for the DDTL, which totaled $31.1 million for the nine months ended December 2024, were allocated to discontinued operations due to the requirement within the DDTL's amended agreement that the DDTL be prepaid upon the receipt of the net cash proceeds from the sale of Supreme.
Schedule of Reconciliation of Assets from Segment to Consolidated
(In thousands) December 2025 March 2025 December 2024
Segment assets:
Outdoor $ 1,949,115 $ 1,552,908 $ 1,784,335
Active 769,821 860,128 781,921
All Other 335,811 507,223 534,384
Corporate and other 19,837 28,429 37,163
Total segment assets 3,074,584 2,948,688 3,137,803
Cash and cash equivalents 1,466,469 429,382 1,369,376
Property, plant and equipment, net 687,504 720,879 718,481
Goodwill and intangible assets, net 2,066,278 2,314,093 2,341,101
Operating lease right-of-use assets 1,364,407 1,262,319 1,268,425
Other assets 1,772,387 1,702,175 1,719,036
Consolidated assets $ 10,431,629 $ 9,377,536 $ 10,554,222
Schedule of Reconciliation of Capital Expenditures and Depreciation and Amortization Expense
Three Months Ended December Nine Months Ended December
(In thousands) 2025 2024 2025 2024
Depreciation and amortization:
Outdoor $ 25,700 $ 23,604 $ 77,821 $ 72,163
Active 15,201 14,319 41,522 41,994
All Other 1,892 4,859 14,166 15,417
Corporate and other 36,089 17,290 79,537 56,894
$ 78,882 $ 60,072 $ 213,046 $ 186,468