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INTANGIBLE ASSETS | 9 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS
|  |  |  |  |  |  | December 2022 |  |  | March 2022
(In thousands) |  | Weighted Average Amortization Period |  | Amortization Method |  |  | Cost |  | Accumulated Amortization |  | Net Carrying Amount |  |  | Net Carrying Amount
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships and other |  | 19 years |  | Accelerated |  |  | $ | 261,365 |  |  | $ | 169,401 |  |  | $ | 91,964 |  |  |  | $ | 103,703 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  |  |  |  |  |  |  |  |  | 2,698,548 |  |  |  | 2,896,648 |
Intangible assets, net |  |  |  |  |  |  |  |  |  |  | $ | 2,790,512 |  |  |  | $ | 3,000,351 |
During the second quarter of Fiscal 2023, VF performed an interim impairment analysis of the Supreme® indefinite-lived trademark intangible asset and recorded an impairment charge of $192.9 million to reduce the carrying value to fair value. Refer to Note 16 for additional information on fair value measurements. Amortization expense for the three and nine months ended December 2022 was $3.5 million and $10.6 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2023 is $14.4 million, $13.9 million, $13.3 million, $12.4 million and $11.9 million, respectively.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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