INTANGIBLE ASSETS

6 Months Ended

Oct. 01, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS

			September 2022						March 2022
(In thousands)	Weighted Average Amortization Period	Amortization Method	Cost		Accumulated Amortization		Net Carrying Amount		Net Carrying Amount
Amortizable intangible assets:
Customer relationships and other	19 years	Accelerated	$	252,896	$	160,026	$	92,870	$	103,703
Indefinite-lived intangible assets:
Trademarks and trade names							2,683,152		2,896,648
Intangible assets, net							$	2,776,022	$	3,000,351

In the three months ended September 2022, VF performed an interim impairment analysis of the Supreme® indefinite-lived trademark intangible asset and recorded an impairment charge of $192.9 million to reduce the carrying value to fair value. Refer to Note 16 for additional information on fair value measurements.

Amortization expense for the three and six months ended September 2022 was $3.5 million and $7.1 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2023 is $14.1 million, $13.6 million, $13.1 million, $12.1 million and $11.6 million, respectively.