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ASSETS HELD-FOR-SALE AND DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
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, net104,972 
Inventories140,842 
Other current assets11,346 
Property, plant and equipment, net27,530 
Intangible assets, net244,503 
Goodwill (a)
— 
Operating lease right-of-use assets1,092 
Other assets1,222 
Total assets held-for-sale$536,507 
Current portion of long-term debt$1,027 
Accounts payable24,243 
Accrued liabilities30,584 
Long-term debt13,457 
Operating lease liabilities679 
Other liabilities510 
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 $61.8 million.
The following table summarizes the major line items for Supreme that are included in the loss from discontinued operations, net of tax line item in the Consolidated Statements of Operations:
 Three Months Ended SeptemberSix Months Ended September
(In thousands)
2025 (a)
2024
2025 (a)
2024
Revenues$— $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 impact for the DDTL were allocated 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, net13,066 
Inventories89,779 
Other current assets18,910 
Property, plant and equipment, net36,166 
Intangible assets, net801,000 
Goodwill724,800 
Operating lease right-of-use assets86,465 
Other assets19,157 
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 liabilities38,872 
Operating lease liabilities78,723 
Other liabilities2,531 
Total liabilities of discontinued operations$147,791 
(a)Deferred income tax balances reflect VF’s consolidated netting by jurisdiction.