INTANGIBLE ASSETS

12 Months Ended

Mar. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS

(In thousands)	Weighted Average Amortization Period	Amortization Method	Cost		Accumulated Amortization		Net Carrying Amount
March 2024
Amortizable intangible assets:
Customer relationships and other	19 years	Accelerated	$	262,084	$	187,121	$	74,963
Indefinite-lived intangible assets:
Trademarks and trade names							2,553,519
Intangible assets, net							$	2,628,482

(In thousands)	Weighted Average Amortization Period	Amortization Method	Cost		Accumulated Amortization		Net Carrying Amount
March 2023
Amortizable intangible assets:
Customer relationships and other	19 years	Accelerated	$	262,818	$	173,916	$	88,902
Indefinite-lived intangible assets:
Trademarks and trade names							2,553,919
Intangible assets, net							$	2,642,821

VF did not record any intangible asset impairment charges in the years ended March 2024 or March 2022. VF recorded impairment charges of $340.9 million in the year ended March 2023 related to the Supreme® indefinite-lived trademark intangible asset. Refer to Note 24 for additional information on fair value measurements.

Amortization expense for the years ended March 2024, 2023 and 2022 was $13.8 million, $14.1 million and $15.6 million, respectively. Estimated amortization expense for the next five fiscal years is $13.2 million, $12.3 million, $11.8 million, $10.8 million and $9.8 million, respectively.