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REVENUES
 6 Months Ended
Sep. 27, 2025
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
Contract Balances
The following table provides information about contract assets and contract liabilities:
(In thousands)September 2025March 2025September 2024
Contract assets (a)
$2,356 $2,448 $4,392 
Contract liabilities (b)
66,714 78,421 66,693 
(a)Included in the other current assets line item in the Consolidated Balance Sheets.
(b)Included in the accrued liabilities line item in the Consolidated Balance Sheets.

For the three and six months ended September 2025, the Company recognized $47.3 million and $100.6 million, respectively, of revenue that was included in the contract liability balance during the period, including amounts recorded as a contract liability and subsequently recognized as revenue as performance obligations were satisfied within the same period, such as order deposits from customers. The change in the contract asset and contract liability balances primarily results from timing differences between the Company's satisfaction of performance obligations and the customer's payment.
Performance Obligations
As of September 2025, the Company expects to recognize $51.2 million of fixed consideration related to the future minimum guarantees in effect under its licensing agreements and expects
such amounts to be recognized over time based on the contractual terms through March 2031. The variable consideration related to licensing arrangements is not disclosed as a remaining performance obligation as it qualifies for the sales-based royalty exemption. VF has also elected the practical expedient to not disclose the transaction price allocated to remaining performance obligations for contracts with an original expected duration of one year or less.
As of September 2025, there were no arrangements with transaction price allocated to remaining performance obligations other than contracts for which the Company has applied the practical expedients and the fixed consideration related to future minimum guarantees discussed above.
Disaggregation of Revenues
The following tables disaggregate our revenues by channel and geography, which provides a meaningful depiction of how the nature, timing and uncertainty of revenues are affected by economic factors.
Three Months Ended September 2025 (a)
(In thousands)OutdoorActive
All Other (b)
Total
Channel revenues
Wholesale$1,205,106 $378,142 $293,699 $1,876,947 
Direct-to-consumer455,075 376,800 77,986 909,861 
Royalty3,298 5,808 6,792 15,898 
Total$1,663,479 $760,750 $378,477 $2,802,706 
Geographic revenues
Americas$695,600 $435,413 $212,479 $1,343,492 
Europe667,700 261,440 143,515 1,072,655 
Asia-Pacific300,179 63,897 22,483 386,559 
Total$1,663,479 $760,750 $378,477 $2,802,706 
Three Months Ended September 2024 (a)
(In thousands)OutdoorActive
All Other (b)
Total
Channel revenues
Wholesale$1,136,994 $404,180 $286,622 $1,827,796 
Direct-to-consumer426,748 413,712 74,477 914,937 
Royalty2,980 6,644 5,591 15,215 
Total$1,566,722 $824,536 $366,690 $2,757,948 
Geographic revenues
Americas$664,416 $482,634 $208,808 $1,355,858 
Europe609,526 267,807 132,222 1,009,555 
Asia-Pacific292,780 74,095 25,660 392,535 
Total$1,566,722 $824,536 $366,690 $2,757,948 
Six Months Ended September 2025 (a)
(In thousands)OutdoorActive
All Other (b)
Total
Channel revenues
Wholesale$1,661,937 $770,565 $468,951 $2,901,453 
Direct-to-consumer807,285 677,829 145,410 1,630,524 
Royalty6,723 12,043 12,629 31,395 
Total$2,475,945 $1,460,437 $626,990 $4,563,372 
Geographic revenues
Americas$1,068,447 $839,448 $373,195 $2,281,090 
Europe940,544 474,947 208,427 1,623,918 
Asia-Pacific466,954 146,042 45,368 658,364 
Total$2,475,945 $1,460,437 $626,990 $4,563,372 
Six Months Ended September 2024 (a)
(In thousands)OutdoorActive
All Other (b)
Total
Channel revenues
Wholesale$1,563,998 $822,241 $455,330 $2,841,569 
Direct-to-consumer750,235 765,467 140,190 1,655,892 
Royalty6,119 13,562 9,866 29,547 
Total$2,320,352 $1,601,270 $605,386 $4,527,008 
Geographic revenues
Americas$1,028,096 $940,290 $363,171 $2,331,557 
Europe854,488 490,276 197,127 1,541,891 
Asia-Pacific437,768 170,704 45,088 653,560 
Total$2,320,352 $1,601,270 $605,386 $4,527,008 
(a)In the first quarter of Fiscal 2026, VF realigned its reportable segments. The three and six months ended September 2024 have been recast to reflect this change. Refer to Note 15 for additional information regarding the Company's reportable segments.
(b)"All Other" is included for purposes of reconciliation of revenues, but it is not considered a reportable segment. "All Other" includes the Dickies®, Altra®, Smartwool®, Napapijri® and Icebreaker® brands.