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DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
12 Months Ended
Mar. 30, 2024
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)March 2024March 2023March 2024March 2023
Derivatives Designated as Hedging Instruments:
Foreign exchange contracts$29,657 $46,752 $(39,639)$(71,052)
Interest rate contracts2,335 — — (1,140)
Total derivatives designated as hedging instruments31,992 46,752 (39,639)(72,192)
Derivatives Not Designated as Hedging Instruments:
Foreign exchange contracts556 2,936 (595)(461)
Total derivatives$32,548 $49,688 $(40,234)$(72,653)
Schedule of Derivative Assets 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 as of March 2024 and 2023 would be adjusted from the current gross presentation to the net amounts as detailed in the following table:
 March 2024March 2023
(In thousands)Derivative
Asset
Derivative
Liability
Derivative
Asset
Derivative
Liability
Gross amounts presented in the Consolidated Balance Sheets$32,548 $(40,234)$49,688 $(72,653)
Gross amounts not offset in the Consolidated Balance Sheets(11,322)11,322 (26,470)26,470 
Net amounts$21,226 $(28,912)$23,218 $(46,183)
Schedule of Derivative 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 as of March 2024 and 2023 would be adjusted from the current gross presentation to the net amounts as detailed in the following table:
 March 2024March 2023
(In thousands)Derivative
Asset
Derivative
Liability
Derivative
Asset
Derivative
Liability
Gross amounts presented in the Consolidated Balance Sheets$32,548 $(40,234)$49,688 $(72,653)
Gross amounts not offset in the Consolidated Balance Sheets(11,322)11,322 (26,470)26,470 
Net amounts$21,226 $(28,912)$23,218 $(46,183)
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)March 2024March 2023
Derivative InstrumentsBalance Sheet Location
Foreign exchange contractsOther current assets (Note 6)$26,366 $48,132 
Foreign exchange contractsAccrued liabilities (Note 14)(35,578)(59,995)
Foreign exchange contractsOther assets (Note 11)3,847 1,556 
Foreign exchange contractsOther liabilities (Note 16)(4,656)(11,518)
Interest rate contractsOther current assets (Note 6)2,335 — 
Interest rate contractsOther liabilities (Note 16)— (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 Comprehensive Income (Loss) and Consolidated Statements of Operations are summarized as follows:
(In thousands)

Cash Flow Hedging Relationships
Gain (Loss) on Derivatives Recognized in Accumulated OCL
Year Ended March
202420232022
Foreign exchange contracts$(15,538)$54,546 $71,494 
Interest rate contracts7,605 (1,013)— 
Total$(7,933)$53,533 $71,494 
Gain (Loss) Reclassified from Accumulated OCL into Net Income (Loss)
(In thousands)Year Ended March
Cash Flow Hedging RelationshipsLocation of Gain (Loss)202420232022
Foreign exchange contractsNet revenues$(5,004)$(6,843)$(27,382)
Foreign exchange contractsCost of goods sold15,703 120,438 (26,346)
Foreign exchange contractsSelling, general and administrative expenses3,437 6,695 (487)
Foreign exchange contractsOther income (expense), net(253)(10,365)(219)
Interest rate contractsInterest expense4,238 235 108 
Total$18,121 $110,160 $(54,326)