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RESTRUCTURING
 6 Months Ended
Sep. 27, 2025
Restructuring and Related Activities [Abstract]  
RESTRUCTURING RESTRUCTURING
The Company incurs restructuring charges related to strategic initiatives and cost optimization of business activities. A description of significant restructuring programs and other restructuring charges is provided below.

Reinvent

On October 30, 2023, VF introduced Reinvent, a transformation program to enhance focus on brand-building and to improve operating performance and allow VF to achieve its full potential. All actions related to the program were substantially complete at the end of the first quarter of Fiscal 2026. Of the total charges, 74% related to severance and employee-related benefits and the
remainder primarily related to asset impairments and write-downs. Cash payments are generally expected to be paid within one year of charges incurred. During the six months ended September 2025, $49.9 million of cash payments related to the Reinvent charges were made.
The type of cost and respective location of restructuring charges related to Reinvent within VF's Consolidated Statements of Operations for the three and six months ended September 2025 and 2024, and the cumulative charges recorded since the inception of Reinvent were as follows:
Three Months Ended SeptemberSix Months Ended SeptemberCumulative Charges
(In thousands)2025202420252024
Type of CostLocation
Severance and employee-related benefitsSG&A expenses$4,214 $8,158 $15,462 $19,299 $146,286 
Severance and employee-related benefitsCost of goods sold(405)— 3,820 181 10,003 
Contract termination and otherSG&A expenses— — 326 737 1,063 
Contract termination and otherCost of goods sold— — — 157 157 
Asset impairments and write-downsSG&A expenses(30)— 2,170 500 50,339 
Pension withdrawalSG&A expenses— 3,619 — 3,619 3,619 
Curtailment gainsOther income (expense), net— — (531)— (1,467)
Accelerated depreciationSG&A expenses— 18 — 879 1,317 
Accelerated depreciationCost of goods sold322 — 322 17 339 
Total Reinvent Restructuring Charges$4,101 $11,795 $21,569 $25,389 $211,656 
All restructuring charges related to Reinvent recognized in the three and six months ended September 2025 and 2024 were reported within 'Corporate and other' expenses in Note 15, Reportable Segment Information.
Other Restructuring Charges
Other Restructuring Charges are related to various approved initiatives. The type of cost and respective location of Other Restructuring Charges within VF's Consolidated Statement of Operations for the three and six months ended September 2025 and 2024 were as follows:
Three Months Ended SeptemberSix Months Ended September
(In thousands)2025202420252024
Type of CostLocation
Severance and employee-related benefitsSG&A expenses$788 $— $788 $— 
Contract termination and otherSG&A expenses— 154 — 591 
Total Other Restructuring Charges$788 $154 $788 $591 
Other Restructuring Charges by reportable segment were as follows:
Three Months Ended SeptemberSix Months Ended September
(In thousands)2025202420252024
Active$331 $— $331 $— 
Corporate and other457154457591
Total788154788591
Consolidated Restructuring Charges
The activity in the restructuring accrual related to Reinvent and Other Restructuring Charges for the six-month period ended September 2025 was as follows:
(In thousands)SeveranceOtherTotal
Accrual at March 2025$65,250 $337 $65,587 
Charges20,070 — 20,070 
Cash payments and settlements(49,983)— (49,983)
Adjustments to accruals(16)(337)(353)
Impact of foreign currency737 — 737 
Accrual at September 2025$36,058 $— $36,058 
The $36.1 million total restructuring accrual at September 2025, is expected to be paid within the next 12 months and is classified within accrued liabilities. The Company has not recognized any significant incremental costs related to the accruals for the year ended March 2025 or prior periods.