XML 56 R43.htm IDEA: XBRL DOCUMENT v3.25.3
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
6 Months Ended
Sep. 27, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Derivatives on Individual Contract Basis
The following table presents outstanding derivatives on an individual contract basis:
 Fair Value of Derivatives
with Unrealized Gains
Fair Value of Derivatives
with Unrealized Losses
(In thousands)September 2025March 2025September 2024September 2025March 2025September 2024
Derivatives Designated as Hedging Instruments:
Foreign exchange contracts$21,428 $32,608 $15,846 $(93,577)$(29,847)$(53,621)
Interest rate contracts— — 324 — — — 
Total derivatives designated as hedging instruments21,428 32,608 16,170 (93,577)(29,847)(53,621)
Derivatives Not Designated as Hedging Instruments:
Foreign exchange contracts 318 1,763 275 (790)(156)(948)
Total derivatives
$21,746 $34,371 $16,445 $(94,367)$(30,003)$(54,569)
Schedule of Derivative Assets Presented in Consolidated Balance Sheet Adjusted from Current Gross If VF were to offset and record the asset and liability balances on a net basis in accordance with the terms of its master netting agreements, the amounts presented in the Consolidated Balance Sheets would be adjusted from the current gross presentation to the net amounts as detailed in the following table:
 September 2025March 2025September 2024
(In thousands)Derivative
Asset
Derivative
Liability
Derivative
Asset
Derivative
Liability
Derivative
Asset
Derivative
Liability
Gross amounts presented in the Consolidated Balance Sheets
$21,746 $(94,367)$34,371 $(30,003)$16,445 $(54,569)
Gross amounts not offset in the Consolidated Balance Sheets
(12,336)12,336 (13,592)13,592 (8,282)8,282 
Net amounts
$9,410 $(82,031)$20,779 $(16,411)$8,163 $(46,287)
Schedule of Derivative Liabilities Presented in Consolidated Balance Sheet Adjusted from Current Gross If VF were to offset and record the asset and liability balances on a net basis in accordance with the terms of its master netting agreements, the amounts presented in the Consolidated Balance Sheets would be adjusted from the current gross presentation to the net amounts as detailed in the following table:
 September 2025March 2025September 2024
(In thousands)Derivative
Asset
Derivative
Liability
Derivative
Asset
Derivative
Liability
Derivative
Asset
Derivative
Liability
Gross amounts presented in the Consolidated Balance Sheets
$21,746 $(94,367)$34,371 $(30,003)$16,445 $(54,569)
Gross amounts not offset in the Consolidated Balance Sheets
(12,336)12,336 (13,592)13,592 (8,282)8,282 
Net amounts
$9,410 $(82,031)$20,779 $(16,411)$8,163 $(46,287)
Schedule of Derivatives Classified as Current or Noncurrent Based on Maturity Dates
Derivatives are classified as current or noncurrent based on maturity dates, as follows:
(In thousands)September 2025March 2025September 2024
Derivative InstrumentsBalance Sheet Location
Foreign exchange contractsOther current assets$18,608 $32,290 $12,988 
Foreign exchange contractsAccrued liabilities(88,490)(19,810)(44,300)
Foreign exchange contractsOther assets3,138 2,081 3,133 
Foreign exchange contractsOther liabilities(5,877)(10,193)(10,269)
Interest rate contractsOther current assets— — 324 
Schedule of Effects of Cash Flow Hedging included in Consolidated Statements of Comprehensive Income (Loss) and Consolidated Statements of Operations The effects of cash flow hedging included in VF’s Consolidated Statements of Comprehensive Income (Loss) and Consolidated Statements of Operations are summarized as follows:
(In thousands)Gain (Loss) on Derivatives
Recognized in Accumulated OCL
Three Months Ended September
Gain (Loss) on Derivatives
Recognized in Accumulated OCL
Six Months Ended September
Cash Flow Hedging Relationships2025202420252024
Foreign exchange contracts$20,842 $(54,203)$(110,448)$(34,702)
Interest rate contracts— (232)— 288 
Total$20,842 $(54,435)$(110,448)$(34,414)
(In thousands)
Gain (Loss) Reclassified from Accumulated OCL into Net Income (Loss)
Three Months Ended September
Gain (Loss) Reclassified from Accumulated OCL into Net Income (Loss)
Six Months Ended September
Cash Flow Hedging RelationshipsLocation of Gain (Loss) 2025202420252024
Foreign exchange contractsRevenues$545 $(7,851)$(1,426)$(12,182)
Foreign exchange contractsCost of goods sold(863)(4,001)14,171 (14,127)
Foreign exchange contractsSG&A expenses(250)(47)(511)(455)
Foreign exchange contractsOther income (expense), net1,074 53 1,550 (3)
Interest rate contractsInterest expense27 27 54 54 
Interest rate contractsLoss from discontinued operations, net of tax— 1,134 — 2,299 
Total$533 $(10,685)$13,838 $(24,414)