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REPORTABLE SEGMENT INFORMATION (Tables) | 12 Months Ended
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Mar. 30, 2024
Segment Reporting [Abstract] |
Schedule of Financial Information for Reportable Segments | Financial information for VF’s reportable segments is as follows:
|  | Year Ended March
(In thousands) |  | 2024 |  |  | 2023 |  | 2022
Segment revenues: |  |  |  |  |  |  |
Outdoor |  | $ | 5,501,399 |  |  |  | $ | 5,647,526 |  |  | $ | 5,327,568 |
Active |  | 4,061,729 |  |  |  | 4,904,622 |  |  | 5,380,338 |
Work |  | 891,539 |  |  |  | 1,060,179 |  |  | 1,133,149 |
Other |  | — |  |  |  | 148 |  |  | 785 |
Total segment revenues |  | $ | 10,454,667 |  |  |  | $ | 11,612,475 |  |  | $ | 11,841,840 |
Segment profit (loss): |  |  |  |  |  |  |
Outdoor |  | $ | 602,708 |  |  |  | $ | 785,431 |  |  | $ | 795,523 |
Active (a) |  | 352,248 |  |  |  | 654,691 |  |  | 979,746 |
Work |  | 17,647 |  |  |  | 121,157 |  |  | 193,492 |
Other |  | — |  |  |  | (536) |  |  | (586) |
Total segment profit |  | 972,603 |  |  |  | 1,560,743 |  |  | 1,968,175 |
Impairment of goodwill and indefinite-lived intangible assets |  | (507,566) |  |  |  | (735,009) |  |  | — |
Corporate and other expenses |  | (475,314) |  |  |  | (617,815) |  |  | (309,817) |
Interest expense, net |  | (223,408) |  |  |  | (164,632) |  |  | (131,463) |
Loss on debt extinguishment |  | — |  |  |  | — |  |  | (3,645) |
Income (loss) from continuing operations before income taxes |  | $ | (233,685) |  |  |  | $ | 43,287 |  |  | $ | 1,523,250 |
(a)Includes legal settlement gains of $29.1 million in the year ended March 2024.
Schedule of Reconciliation Assets |
(In thousands) |  | March 2024 |  |  | March 2023
Segment assets: |  |  |  |  |
Outdoor |  | $ | 1,544,364 |  |  |  | $ | 1,936,090 |
Active |  | 1,034,714 |  |  |  | 1,341,142 |
Work |  | 452,384 |  |  |  | 610,798 |
Other |  | 8,869 |  |  |  | 15,055 |
Total segment assets |  | 3,040,331 |  |  |  | 3,903,085 |
Cash and equivalents |  | 674,605 |  |  |  | 814,887 |
Property, plant and equipment, net |  | 823,886 |  |  |  | 942,440 |
Intangible assets and goodwill |  | 4,088,896 |  |  |  | 4,621,234 |
Operating lease right-of-use assets |  | 1,330,361 |  |  |  | 1,372,182 |
Other assets |  | 1,654,884 |  |  |  | 2,336,660 |
Consolidated assets |  | $ | 11,612,963 |  |  |  | $ | 13,990,488 |
Schedule of Reconciliation of Capital Expenditures and Depreciation and Amortization Expense |
|  | Year Ended March
(In thousands) |  | 2024 |  |  | 2023 |  | 2022
Depreciation, amortization and other asset write-downs: |  |  |  |  |  |  |
Outdoor |  | $ | 103,586 |  |  |  | $ | 94,448 |  |  | $ | 95,860 |
Active |  | 93,587 |  |  |  | 81,106 |  |  | 87,235 |
Work |  | 13,620 |  |  |  | 12,524 |  |  | 14,439 |
Other |  | 108,411 |  |  |  | 74,246 |  |  | 69,401 |
|  | $ | 319,204 |  |  |  | $ | 262,324 |  |  | $ | 266,935 |
Schedule of Supplemental Information (with Revenues by Geographic Area Based on the Origin of Shipment) | Supplemental information (with revenues by geographic area primarily based on the origin of the shipment) is as follows:
|  | Year Ended March
(In thousands) |  | 2024 |  |  | 2023 |  | 2022
Total revenues: |  |  |  |  |  |  |
U.S. |  | $ | 4,843,098 |  |  |  | $ | 6,043,359 |  |  | $ | 6,178,300 |
Foreign |  | 5,611,569 |  |  |  | 5,569,116 |  |  | 5,663,540 |
|  | $ | 10,454,667 |  |  |  | $ | 11,612,475 |  |  | $ | 11,841,840 |
Property, plant and equipment: |  |  |  |  |  |  |
U.S. |  | $ | 596,387 |  |  |  | $ | 707,035 |  |  |
Foreign |  | 227,499 |  |  |  | 235,405 |  |  |
|  | $ | 823,886 |  |  |  | $ | 942,440 |  |  |

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