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RESTRUCTURING (Tables) | 3 Months Ended
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Jun. 28, 2025
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring and Related Costs | The type of cost and respective location of restructuring charges related to Reinvent within VF's Consolidated Statement of Operations for the three months ended June 2025 and 2024, and the cumulative charges recorded since the inception of Reinvent were as follows:
|  | Three Months Ended June |  |  |  |  | Cumulative Charges |
(In thousands) |  |  | 2025 |  |  | 2024 |  |  |  |  |  |  |  |  |
Type of Cost | Location |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance and employee-related benefits | SG&A expenses |  | $ | 11,248 |  |  |  | $ | 11,141 |  |  |  |  |  |  |  |  |  | $ | 142,072 |  |
Severance and employee-related benefits | Cost of goods sold |  | 4,225 |  |  |  | 181 |  |  |  |  |  |  |  |  |  | 10,408 |  |
Contract termination and other | SG&A expenses |  | 326 |  |  |  | 737 |  |  |  |  |  |  |  |  |  | 1,063 |  |
Contract termination and other | Cost of goods sold |  | — |  |  |  | 157 |  |  |  |  |  |  |  |  |  | 157 |  |
Asset impairments and write-downs | SG&A expenses |  | 2,200 |  |  |  | 500 |  |  |  |  |  |  |  |  |  | 50,369 |  |
Pension withdrawal | SG&A expenses |  | — |  |  |  | — |  |  |  |  |  |  |  |  |  | 3,619 |  |
Curtailment gains | Other income (expense), net |  | (531) |  |  |  | — |  |  |  |  |  |  |  |  |  | (1,467) |  |
Accelerated depreciation | SG&A expenses |  | — |  |  |  | 861 |  |  |  |  |  |  |  |  |  | 1,317 |  |
Accelerated depreciation | Cost of goods sold |  | — |  |  |  | 17 |  |  |  |  |  |  |  |  |  | 17 |  |
Total Reinvent Restructuring Charges |  | $ | 17,468 |  |  |  | $ | 13,594 |  |  |  |  |  |  |  |  |  | $ | 207,555 |  |
The type of cost and respective location of Other Restructuring Charges within VF's Consolidated Statement of Operations for the three months ended June 2025 and 2024 were as follows:
|  |  | Three Months Ended June |  |
(In thousands) |  |  | 2025 |  |  | 2024 |  |  |  |  |  |
Type of Cost | Location |  |  |  |  |  |  |  |  |  |  |
Contract termination and other | SG&A expenses |  | $ | — |  |  |  | $ | 437 |  |  |  |  |  |  |
Total Other Restructuring Charges |  | $ | — |  |  |  | $ | 437 |  |  |  |  |  |  |
Schedule of Activity in Restructuring Accrual | The activity in the restructuring accrual related to Reinvent and Other Restructuring Charges for the three-month period ended June 2025 was as follows:
(In thousands) | Severance |  | Other |  | Total |
Accrual at March 2025 | $ | 65,250 |  |  | $ | 337 |  |  | $ | 65,587 |  |
Charges | 15,473 |  |  | — |  |  | 15,473 |  |
Cash payments and settlements | (22,583) |  |  | — |  |  | (22,583) |  |
Adjustments to accruals | — |  |  | — |  |  | — |  |
Impact of foreign currency | 805 |  |  | — |  |  | 805 |  |
Accrual at June 2025 | $ | 58,945 |  |  | $ | 337 |  |  | $ | 59,282 |  |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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