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RETIREMENT AND SAVINGS BENEFIT PLANS (Tables)
 12 Months Ended
Mar. 30, 2024
Retirement Benefits [Abstract]  
Schedule of Components of Pension Cost and Income
The components of pension cost (income) for VF’s defined benefit plans were as follows:
Year Ended March
(In thousands)202420232022
Service cost — benefits earned during the period$8,924 $10,632 $14,288 
Interest cost on projected benefit obligations47,079 44,732 37,534 
Expected return on plan assets(63,569)(63,157)(77,432)
Settlement charges3,538 93,731 7,466 
Amortization of deferred amounts:
Net deferred actuarial losses16,195 16,395 11,310 
Deferred prior service credits(80)(453)(440)
Net periodic pension cost (income)$12,087 $101,880 $(7,274)
Weighted average actuarial assumptions used to determine pension cost (income):
Discount rate in effect for determining service cost2.50 %1.42 %0.46 %
Discount rate in effect for determining interest cost4.85 %4.09 %2.16 %
Expected long-term return on plan assets5.99 %5.24 %4.53 %
Rate of compensation increase (a)
2.19 %1.95 %2.01 %
(a)Rate of compensation increase is calculated as the weighted average rate of compensation increase for active plans. Frozen plans are excluded from the calculation.
Schedule of Reconciliation of Changes in Fair Value of Defined Benefit Plan Assets and Projected Benefit Obligations
The following provides a reconciliation of the changes in fair value of VF’s defined benefit plan assets and projected benefit obligations for each period, and the funded status at the end of each period:
(In thousands)March 2024March 2023
Fair value of plan assets, beginning of period$1,111,710 $1,643,435 
Actual return on plan assets17,332 (146,068)
VF contributions30,167 22,683 
Participant contributions5,447 5,035 
Settlement— (328,412)
Benefits paid(81,150)(79,865)
Currency translation1,736 (5,098)
Fair value of plan assets, end of period1,085,242 1,111,710 
Projected benefit obligations, beginning of period1,021,333 1,557,715 
Service cost8,924 10,632 
Interest cost47,079 44,732 
Participant contributions5,447 5,035 
Actuarial gain(7,518)(183,536)
Settlement— (328,412)
Benefits paid (81,150)(79,865)
Plan amendments(489)(478)
Currency translation 1,731 (4,490)
Projected benefit obligations, end of period (a)
995,357 1,021,333 
Funded status, end of period$89,885 $90,377 
(a)The change in projected benefit obligations in the year ended March 2023 was driven by actuarial gains, primarily as a result of changes in discount rates and the purchase of an irrevocable group annuity contract relating to approximately $330.0 million of the U.S. qualified defined benefit pension plan obligations.
Pension benefits are reported in the Consolidated Balance Sheets as a net asset or liability based on the overfunded or underfunded status of the defined benefit plans, assessed on a plan-by-plan basis.
(In thousands)March 2024March 2023
Amounts included in Consolidated Balance Sheets:
Other assets (Note 11)$175,110 $183,929 
Accrued liabilities (Note 14)(6,597)(20,727)
Other liabilities (Note 16)(78,628)(72,825)
Funded status$89,885$90,377 
Accumulated other comprehensive loss, pretax:
Net deferred actuarial losses$260,512$241,864 
Net deferred prior service credits(4,290)(4,286)
Total accumulated other comprehensive loss, pretax$256,222$237,578 
Accumulated benefit obligations$976,120$1,005,159 
Weighted average actuarial assumptions used to determine pension obligations:
Discount rate4.94 %4.89 %
Rate of compensation increase (a)
2.11 %2.15 %
(a)Rate of compensation increase is calculated as the weighted average rate of compensation increase for active plans. Frozen plans are excluded from the calculation.
Schedule of Components of Pension Plans with an Accumulated Benefit Obligation and Projected Benefit Obligation in Excess of Plan Assets
The following provides information for VF's defined benefit plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets:
(In thousands)March 2024March 2023
Projected benefit obligations$183,329 $186,532 
Accumulated benefit obligations164,092 170,357 
Fair value of plan assets98,104 92,980 
The net amount of projected benefit obligations and plan assets for underfunded defined benefit plans was $85.2 million and $93.6 million as of March 2024 and 2023, respectively, and was reported in accrued liabilities and other liabilities in the Consolidated Balance Sheets.
Schedule of Fair Value of Investments Held by Pension Plan
The fair value of investments held by VF’s defined benefit plans at March 2024 and March 2023, by asset class, is summarized below. Refer to Note 24 for a description of the three levels of the fair value measurement hierarchy.
 Total Plan
Assets		Fair Value Measurements
(In thousands)Level 1Level 2Level 3
March 2024
Plan assets
Cash equivalents$4,428 $4,428 $— $— 
Fixed income securities:
U.S. Treasury and government agencies2 — 2 — 
Insurance contracts103,362 — 103,362 — 
Futures contracts2,661 2,661 — — 
Total plan assets in the fair value hierarchy110,453 $7,089 $103,364 $— 
Plan assets measured at net asset value
Cash equivalents87,748 
Equity securities:
Domestic33,510 
International40,933 
Fixed income securities:
Corporate and international bonds751,147 
Alternative investments61,451 
Total plan assets measured at net asset value974,789 
Total plan assets$1,085,242 

 Total Plan
Assets		Fair Value Measurements
(In thousands)Level 1Level 2Level 3
March 2023
Plan assets
Cash equivalents$983 $983 $— $— 
Fixed income securities:
U.S. Treasury and government agencies3 — 3 — 
Insurance contracts97,429 — 97,429 — 
Futures contracts6,649 6,649 — — 
Total plan assets in the fair value hierarchy105,064 $7,632 $97,432 $— 
Plan assets measured at net asset value
Cash equivalents118,114 
Equity securities:
Domestic34,957 
International51,577 
Fixed income securities:
Corporate and international bonds734,455 
Alternative investments67,543 
Total plan assets measured at net asset value1,006,646 
Total plan assets$1,111,710