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DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Mar. 29, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations Presented in Financial Statements
The following table summarizes the major line items for Supreme that are included in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statements of Operations:
Year Ended March
(In thousands)202520242023
Revenues$244,524 $538,989 $523,116 
Cost of goods sold95,529 214,067 222,869 
SG&A expenses109,641 215,049 236,282 
Impairment of goodwill and intangible assets145,000 — 735,009 
Interest expense, net (a)
(30,767)(57,729)(20,972)
Other income (expense), net(17)(908)(2,487)
Income (loss) from discontinued operations before income taxes(136,430)51,236 (694,503)
Loss on the sale of discontinued operations before income taxes(134,225)— — 
Total income (loss) from discontinued operations before income taxes(270,655)51,236 (694,503)
Income tax expense (benefit)(11,615)1,641 (57,353)
Income (loss) from discontinued operations, net of tax$(259,040)$49,595 $(637,150)
(a)As noted above, interest expense and the related interest rate swap impact for the DDTL were allocated to discontinued operations.
The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations as of March 2024:
(In thousands)March 2024
Cash and cash equivalents$18,229 
Accounts receivable, net10,636 
Inventories68,543 
Other current assets18,817 
Property, plant and equipment, net34,894 
Intangible assets, net852,000 
Goodwill815,058 
Operating lease right-of-use assets75,287 
Other assets19,882 
Deferred income tax assets (a)
(87,479)
Total assets of discontinued operations$1,825,867 
Accounts payable$28,651 
Accrued liabilities51,210 
Operating lease liabilities69,554 
Other liabilities2,387 
Total liabilities of discontinued operations$151,802 
(a)Deferred income tax balances reflect VF’s consolidated netting by jurisdiction.