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RESTRUCTURING
 9 Months Ended
Dec. 26, 2020
Restructuring and Related Activities [Abstract]  
RESTRUCTURING RESTRUCTURING
The Company typically incurs restructuring charges related to strategic initiatives and cost optimization of business activities, primarily related to severance and employee-related benefits. During the three and nine months ended December 2020, VF recognized $38.2 million and $84.0 million of restructuring charges, respectively, related to approved initiatives. Of the restructuring charges recognized in the three and nine months ended December 2020, $15.7 million and $44.4 million were reflected in selling, general and administrative expenses, respectively, and $22.5 million and $39.6 million in cost of goods
sold, respectively. The Company has not recognized any significant incremental costs related to accruals for the year ended March 2020 or prior periods.
Of the $60.0 million total restructuring accrual at December 2020, $54.8 million is expected to be paid out within the next 12 months and is classified within accrued liabilities. The remaining $5.2 million will be paid out beyond the next 12 months and thus is classified within other liabilities.
The components of the restructuring charges are as follows:
Three Months Ended DecemberNine Months Ended December
(In thousands)2020201920202019
Severance and employee-related benefits$24,545 $3,859 $52,937 $7,116 
Asset impairments— — 10,557 — 
Accelerated depreciation3,429 — 10,093 — 
Inventory write-downs7,115 — 7,115 — 
Contract termination and other3,107 — 3,324 2,121 
Total restructuring charges$38,196 $3,859 $84,026 $9,237 
Restructuring costs by business segment are as follows:
Three Months Ended DecemberNine Months Ended December
(In thousands)2020201920202019
Outdoor$2,676 $1,670 $9,271 $6,400 
Active3,275 322 3,938 789 
Work8,409 1,460 27,216 1,641 
Corporate and other23,836 407 43,601 407 
Total$38,196 $3,859 $84,026 $9,237 
The activity in the restructuring accrual for the nine-month period ended December 2020 was as follows:
(In thousands)SeveranceOtherTotal
Accrual at March 2020$38,052 $2,888 $40,940 
Charges52,937 3,693 56,630 
Cash payments(35,393)(2,392)(37,785)
Adjustments to accruals(166)189 23 
Impact of foreign currency15 170 185 
Accrual at December 2020$55,445 $4,548 $59,993