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DISCONTINUED OPERATIONS (Tables) | 3 Months Ended
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Jun. 28, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations Presented in Financial Statements | The following table summarizes the major line items for Supreme that are included in the loss from discontinued operations, net of tax line item in the Consolidated Statements of Operations:
|  | Three Months Ended June |  |  |
(In thousands) |  | 2025 (a) |  |  | 2024 |  |  |  |  |  |
Revenues |  | $ | — |  |  |  | $ | 138,241 |  |  |  |  |  |  |
Cost of goods sold |  | — |  |  |  | 52,261 |  |  |  |  |  |  |
Selling, general and administrative expenses |  | — |  |  |  | 57,853 |  |  |  |  |  |  |
Impairment of goodwill and intangible assets |  | — |  |  |  | 145,000 |  |  |  |  |  |  |
Interest expense, net (b) |  | — |  |  |  | (14,730) |  |  |  |  |  |  |
Other income (expense), net |  | — |  |  |  | (464) |  |  |  |  |  |  |
Loss from discontinued operations before income taxes |  | — |  |  |  | (132,067) |  |  |  |  |  |  |
Income tax benefit |  | — |  |  |  | (25,208) |  |  |  |  |  |  |
Loss from discontinued operations, net of tax |  | $ | — |  |  |  | $ | (106,859) |  |  |  |  |  |  |
(a)There was no activity during the three months ended June 2025. (b)As noted above, interest expense and the related interest rate swap im pact for the DDTL were alloc ated to discontinued operations. The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations as of June 2024.
(In thousands) |  |  |  |  |  |  | June 2024
Cash and cash equivalents |  |  |  |  |  |  | $ | 11,984 |
Accounts receivable, net |  |  |  |  |  |  | 6,203 |
Inventories |  |  |  |  |  |  | 50,870 |
Other current assets |  |  |  |  |  |  | 25,867 |
Property, plant and equipment, net |  |  |  |  |  |  | 34,401 |
Intangible assets, net |  |  |  |  |  |  | 801,000 |
Goodwill |  |  |  |  |  |  | 717,562 |
Operating lease right-of-use assets |  |  |  |  |  |  | 72,047 |
Other assets |  |  |  |  |  |  | 18,790 |
Deferred income tax assets (a) |  |  |  |  |  |  | (80,692) |
Total assets of discontinued operations |  |  |  |  |  |  | $ | 1,658,032 |
Accounts payable |  |  |  |  |  |  | $ | 21,519 |
Accrued liabilities |  |  |  |  |  |  | 41,405 |
Operating lease liabilities |  |  |  |  |  |  | 67,232 |
Other liabilities |  |  |  |  |  |  | 2,417 |
Total liabilities of discontinued operations |  |  |  |  |  |  | $ | 132,573 |
(a)Deferred income tax balances reflect VF’s consolidated netting by jurisdiction.

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