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LONG-TERM DEBT (Tables) | 12 Months Ended
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Mar. 28, 2020
Debt Disclosure [Abstract] |
Schedule of Long-term Debt |
(In thousands) |  | March 2020 |  |  | March 2019
3.50% notes, due 2021 |  | $ | — |  |  |  | $ | 498,450 |
0.625% notes, due 2023 |  | 939,664 |  |  |  | 949,049 |
0.250% notes, due 2028 |  | 547,573 |  |  |  | — |
0.625% notes, due 2032 |  | 543,198 |  |  |  | — |
6.00% notes, due 2033 |  | 270,820 |  |  |  | 292,982 |
6.45% notes, due 2037 |  | 284,259 |  |  |  | 346,534 |
Finance leases |  | 23,773 |  |  |  | 34,132 |
Total long-term debt |  | 2,609,287 |  |  |  | 2,121,147 |
Less current portion |  | 1,018 |  |  |  | 5,263 |
Long-term debt, due beyond one year |  | $ | 2,608,269 |  |  |  | $ | 2,115,884 |
On April 23, 2020, VF issued senior unsecured notes, as outlined in the table below:
(Dollars in thousands) |  |  |  |  |  |
Scheduled Maturity |  | Aggregate Principal |  | Interest Rate |  | Interest Payments
Senior Notes due April 23, 2022 |  | $ | 1,000,000 |  |  | 2.050 | % |  | Semiannually
Senior Notes due April 23, 2025 |  | 750,000 |  |  | 2.400 | % |  | Semiannually
Senior Notes due April 23, 2027 |  | 500,000 |  |  | 2.800 | % |  | Semiannually
Senior Notes due April 23, 2030 |  | 750,000 |  |  | 2.950 | % |  | Semiannually
Total Issuance |  | $ | 3,000,000 |  |  |  |  |
Payments of Long-term Debt and Future Minimum Lease Payments | The scheduled payments of long-term debt, excluding finance leases (Note 10), at the end of Fiscal 2020 for the next five fiscal years and thereafter are summarized as follows:
(In thousands) |  | Notes and Other |
2021 |  | $ | — |  |
2022 |  | — |  |
2023 |  | — |  |
2024 |  | 943,330 |  |
2025 |  | — |  |
Thereafter |  | 1,673,726 |  |
|  | 2,617,056 |  |
Less unamortized debt discount |  | 16,134 |  |
Less unamortized debt issuance costs |  | 15,408 |  |
Total long-term debt |  | 2,585,514 |  |
Less current portion |  | — |  |
Long-term debt, due beyond one year |  | $ | 2,585,514 |  |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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