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DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 3 Months Ended
Jun. 27, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
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)June 2020March 2020June 2019June 2020March 2020June 2019
Foreign currency exchange contracts designated as hedging instruments
$53,810  $78,298  $67,979  $(13,329) $(12,682) $(9,359) 
Foreign currency exchange contracts not designated as hedging instruments
14,775  13,536  12,372  (2,302) (1,849) (2,015) 
Total derivatives
$68,585  $91,834  $80,351  $(15,631) $(14,531) $(11,374) 
Derivative Assets and Liabilities Presented in Consolidated Balance Sheet Adjusted from Current Gross
VF records and presents the fair values of all of its derivative assets and liabilities in the Consolidated Balance Sheets on a gross basis, even though they are subject to master netting agreements. If VF were to offset and record the asset and liability balances of its foreign exchange forward contracts 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:
 June 2020March 2020June 2019
(In thousands)Derivative
Asset		Derivative
Liability		Derivative
Asset		Derivative
Liability		Derivative
Asset		Derivative
Liability
Gross amounts presented in the Consolidated Balance Sheets
$68,585  $(15,631) $91,834  $(14,531) $80,351  $(11,374) 
Gross amounts not offset in the Consolidated Balance Sheets
(15,607) 15,607  (14,393) 14,393  (11,301) 11,301  
Net amounts
$52,978  $(24) $77,441  $(138) $69,050  $(73) 
Derivative Assets and Liabilities Presented in Consolidated Balance Sheet Adjusted from Current Gross
VF records and presents the fair values of all of its derivative assets and liabilities in the Consolidated Balance Sheets on a gross basis, even though they are subject to master netting agreements. If VF were to offset and record the asset and liability balances of its foreign exchange forward contracts 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:
 June 2020March 2020June 2019
(In thousands)Derivative
Asset		Derivative
Liability		Derivative
Asset		Derivative
Liability		Derivative
Asset		Derivative
Liability
Gross amounts presented in the Consolidated Balance Sheets
$68,585  $(15,631) $91,834  $(14,531) $80,351  $(11,374) 
Gross amounts not offset in the Consolidated Balance Sheets
(15,607) 15,607  (14,393) 14,393  (11,301) 11,301  
Net amounts
$52,978  $(24) $77,441  $(138) $69,050  $(73) 
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)June 2020March 2020June 2019
Other current assets$56,428  $71,784  $72,132  
Accrued liabilities(10,103) (11,378) (8,143) 
Other assets12,157  20,050  8,219  
Other liabilities(5,528) (3,153) (3,231) 
Effects of Cash Flow Hedging included in Consolidated Statements of Income and Consolidated Statements of Comprehensive Income The effects of cash flow hedging included in VF’s Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income (Loss) are summarized as follows:
(In thousands)Gain (Loss) on Derivatives Recognized in OCI
Three Months Ended June
Cash Flow Hedging Relationships20202019
Foreign currency exchange$(7,595) $14,774  
(In thousands)Gain (Loss) Reclassified from Accumulated OCI into Income (Loss)
Three Months Ended June
Location of Gain (Loss)20202019
Net revenues
$171  $(2,905) 
Cost of goods sold
16,705  11,105  
Selling, general and administrative expenses
1,607  716  
Other income (expense), net
1,770  2,872  
Interest expense
27  (1,293) 
Total$20,280  $10,495