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DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 3 Months Ended
Jul. 01, 2023
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)June 2023March 2023June 2022June 2023March 2023June 2022
Derivatives Designated as Hedging Instruments:
Foreign exchange contracts$27,902 $46,752 $154,231 $(74,050)$(71,052)$(22,612)
Interest rate contracts4,582 — — — (1,140)— 
Total derivatives designated as hedging instruments32,484 46,752 154,231 (74,050)(72,192)(22,612)
Derivatives Not Designated as Hedging Instruments:
Foreign exchange contracts 404 2,936 2,227 (7,978)(461)(1,158)
Total derivatives
$32,888 $49,688 $156,458 $(82,028)$(72,653)$(23,770)
Schedule of Derivative Assets and 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:
 June 2023March 2023June 2022
(In thousands)Derivative
Asset		Derivative
Liability		Derivative
Asset		Derivative
Liability		Derivative
Asset		Derivative
Liability
Gross amounts presented in the Consolidated Balance Sheets
$32,888 $(82,028)$49,688 $(72,653)$156,458 $(23,770)
Gross amounts not offset in the Consolidated Balance Sheets
(27,128)27,128 (26,470)26,470 (23,018)23,018 
Net amounts
$5,760 $(54,900)$23,218 $(46,183)$133,440 $(752)
Schedule of Derivative Assets and 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:
 June 2023March 2023June 2022
(In thousands)Derivative
Asset		Derivative
Liability		Derivative
Asset		Derivative
Liability		Derivative
Asset		Derivative
Liability
Gross amounts presented in the Consolidated Balance Sheets
$32,888 $(82,028)$49,688 $(72,653)$156,458 $(23,770)
Gross amounts not offset in the Consolidated Balance Sheets
(27,128)27,128 (26,470)26,470 (23,018)23,018 
Net amounts
$5,760 $(54,900)$23,218 $(46,183)$133,440 $(752)
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)June 2023March 2023June 2022
Derivative InstrumentsBalance Sheet Location
Foreign exchange contractsOther current assets$26,145 $48,132 $133,859 
Foreign exchange contractsAccrued liabilities(73,049)(59,995)(20,549)
Foreign exchange contractsOther assets2,161 1,556 22,599 
Foreign exchange contractsOther liabilities(8,979)(11,518)(3,221)
Interest rate contractsOther assets4,582 — — 
Interest rate contractsOther liabilities— (1,140)— 
Schedule of Effects of Cash Flow Hedging included in Consolidated Statements of Income and Consolidated Statements of Comprehensive Income The effects of cash flow hedging included in VF’s Consolidated Statements of Operations and Consolidated Statements of Comprehensive Loss are summarized as follows:
(In thousands)
Gain (Loss) on Derivatives Recognized in OCL
Three Months Ended June
Cash Flow Hedging Relationships20232022
Foreign exchange contracts$(29,160)$99,430 
Interest rate contracts6,420 — 
Total$(22,740)$99,430 
(In thousands)
Gain (Loss) Reclassified from Accumulated OCL into Net Loss
Three Months Ended June
Cash Flow Hedging RelationshipsLocation of Gain (Loss) 20232022
Foreign exchange contractsNet revenues$1,090 $(3,534)
Foreign exchange contractsCost of goods sold8,075 11,356 
Foreign exchange contractsSelling, general and administrative expenses1,301 1,609 
Foreign exchange contractsOther income (expense), net(511)(1,216)
Interest rate contractsInterest expense725 27 
Total$10,680 $8,242