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RESTRUCTURING (Tables)
9 Months Ended
Dec. 28, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs
The type of cost and respective location of restructuring charges related to Reinvent within VF's Consolidated Statement of Operations for the three and nine months ended December 2024 and 2023, and the cumulative charges recorded since the inception of Reinvent were as follows:
Three Months Ended DecemberNine Months Ended DecemberCumulative Charges
(In thousands)2024202320242023
Type of CostLocation
Severance and employee-related benefitsSG&A expenses$16,976 $27,392 $36,275 $27,392 $101,097 
Severance and employee-related benefitsCost of goods sold— 4,210 181 4,210 4,691 
Contract termination and otherSG&A expenses— — 737 — 737 
Contract termination and otherCost of goods sold— — 157 — 157 
Asset impairments and write-downsSG&A expenses— 18,739 500 18,739 39,886 
Pension withdrawalSG&A expenses— — 3,619 — 3,619 
Curtailment gainsOther income (expense), net(638)— (638)— (638)
Accelerated depreciationSG&A expenses50 — 929 — 929 
Accelerated depreciationCost of goods sold— — 17 — 17 
Total Reinvent Restructuring Charges$16,388 $50,341 $41,777 $50,341 $150,495 
The type of cost and respective location of Other Restructuring Charges within VF's Consolidated Statement of Operations for the three and nine months ended December 2024 and 2023 were as follows:
Three Months Ended DecemberNine Months Ended December
(In thousands)2024202320242023
Type of CostLocation
Severance and employee-related benefitsSG&A expenses$— $— $— $676 
Contract termination and otherSG&A expenses— 435 591 889 
Total Other Restructuring Charges$ $435 $591 $1,565 
Other Restructuring Charges by business segment were as follows:
Three Months Ended DecemberNine Months Ended December
(In thousands)2024202320242023
Outdoor$— $— $— $242 
Active— — — 434 
Work— — — — 
Corporate and other— 435 591 889 
Total$ $435 $591 $1,565 
Schedule of Components of Restructuring Charges, Other Restructuring Charges, Restructuring Costs by Business Segment and Activity in Restructuring Accrual
The activity in the restructuring accrual related to Reinvent and Other Restructuring Charges for the nine-month period ended December 2024 was as follows:
(In thousands)SeveranceOtherTotal
Accrual at March 2024$60,160 $345 $60,505 
Charges36,456 894 37,350 
Cash payments and settlements(39,761)(902)(40,663)
Adjustments to accruals(1,647)— (1,647)
Impact of foreign currency(595)— (595)
Accrual at December 2024$54,613 $337 $54,950