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ASSETS HELD-FOR-SALE AND DISCONTINUED OPERATIONS (Tables) | 6 Months Ended
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Sep. 27, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations and Held-for-Sale Financial Information | The following table presents the assets and liabilities of Dickies at September 2025:
(In thousands) |  |  |  |  |  |  |  | September 2025 |
Cash and cash equivalents |  |  |  |  |  |  |  | $ | 5,000 |  |
Accounts receivable, net |  |  |  |  |  |  |  | 104,972 |  |
Inventories |  |  |  |  |  |  |  | 140,842 |  |
Other current assets |  |  |  |  |  |  |  | 11,346 |  |
Property, plant and equipment, net |  |  |  |  |  |  |  | 27,530 |  |
Intangible assets, net |  |  |  |  |  |  |  | 244,503 |  |
Goodwill (a) |  |  |  |  |  |  |  | — |  |
Operating lease right-of-use assets |  |  |  |  |  |  |  | 1,092 |  |
Other assets |  |  |  |  |  |  |  | 1,222 |  |
Total assets held-for-sale |  |  |  |  |  |  |  | $ | 536,507 |  |
Current portion of long-term debt |  |  |  |  |  |  |  | $ | 1,027 |  |
Accounts payable |  |  |  |  |  |  |  | 24,243 |  |
Accrued liabilities |  |  |  |  |  |  |  | 30,584 |  |
Long-term debt |  |  |  |  |  |  |  | 13,457 |  |
Operating lease liabilities |  |  |  |  |  |  |  | 679 |  |
Other liabilities |  |  |  |  |  |  |  | 510 |  |
Total liabilities held-for-sale |  |  |  |  |  |  |  | $ | 70,500 |  |
(a)The Dickies reporting unit goodwill was fully impaired as of the third quarter of Fiscal 2024, and accumulated impairment charges were $61.8 million. 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 September |  |  | Six Months Ended September
(In thousands) |  | 2025 (a) |  |  | 2024 |  |  | 2025 (a) |  |  | 2024
Revenues |  | $ | — |  |  |  | $ | 101,253 |  |  |  | $ | — |  |  |  | $ | 239,494 |
Cost of goods sold |  | — |  |  |  | 41,688 |  |  |  | — |  |  |  | 93,949 |
Selling, general and administrative expenses |  | — |  |  |  | 50,700 |  |  |  | — |  |  |  | 108,553 |
Impairment of goodwill and intangible assets |  | — |  |  |  | — |  |  |  | — |  |  |  | 145,000 |
Interest expense, net (b) |  | — |  |  |  | (16,037) |  |  |  | — |  |  |  | (30,767) |
Other income (expense), net |  | — |  |  |  | 447 |  |  |  | — |  |  |  | (17) |
Loss from discontinued operations before income taxes |  | — |  |  |  | (6,725) |  |  |  | — |  |  |  | (138,792) |
Estimated loss on the sale of discontinued operations before income taxes |  | — |  |  |  | (132,538) |  |  |  | — |  |  |  | (132,538) |
Total loss from discontinued operations before income taxes |  | — |  |  |  | (139,263) |  |  |  | — |  |  |  | (271,330) |
Income tax expense (benefit) |  | — |  |  |  | 11,068 |  |  |  | — |  |  |  | (14,140) |
Loss from discontinued operations, net of tax |  | $ | — |  |  |  | $ | (150,331) |  |  |  | $ | — |  |  |  | $ | (257,190) |
(a)There was no activity during the three and six months ended September 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 September 2024.
(In thousands) |  |  |  |  |  |  | September 2024
Cash and cash equivalents |  |  |  |  |  |  | $ | 20,188 |
Accounts receivable, net |  |  |  |  |  |  | 13,066 |
Inventories |  |  |  |  |  |  | 89,779 |
Other current assets |  |  |  |  |  |  | 18,910 |
Property, plant and equipment, net |  |  |  |  |  |  | 36,166 |
Intangible assets, net |  |  |  |  |  |  | 801,000 |
Goodwill |  |  |  |  |  |  | 724,800 |
Operating lease right-of-use assets |  |  |  |  |  |  | 86,465 |
Other assets |  |  |  |  |  |  | 19,157 |
Deferred income tax assets (a) |  |  |  |  |  |  | (86,009) |
Allowance to reduce assets to estimated fair value, less costs to sell |  |  |  |  |  |  | (132,538) |
Total assets of discontinued operations |  |  |  |  |  |  | $ | 1,590,984 |
Accounts payable |  |  |  |  |  |  | $ | 27,665 |
Accrued liabilities |  |  |  |  |  |  | 38,872 |
Operating lease liabilities |  |  |  |  |  |  | 78,723 |
Other liabilities |  |  |  |  |  |  | 2,531 |
Total liabilities of discontinued operations |  |  |  |  |  |  | $ | 147,791 |
(a)Deferred income tax balances reflect VF’s consolidated netting by jurisdiction.

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