V F CORP
For the period ended Dec 27, 2025. Filed Jan 28, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 27, 2025 · Filed Jan 28, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Capital and Accumulated Other Comprehensive Loss
NOTE 12 — CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS
Common Stock
During the nine months ended December 2025, the Company didnot purchase shares of Common Stock in open market transactions under its share repurchase program authorized by VF’s Board of Directors. These are treated as treasury stock transactions when shares are repurchased.
Common Stock outstanding is net of shares held in treasury which are, in substance, retired. There wereno shares held in treasury at the end of December 2025, March 2025 or December 2024. The excess of the cost of treasury shares acquired over the $0.25 per share stated value of Common Stock is deducted from retained earnings (accumulated deficit).
Accumulated Other Comprehensive Loss
Comprehensive income cons ists of net income (loss) and specified components of other comprehensive income (loss), which relate to changes in assets and liabilities that are not included in net income (loss) under GAAP but are instead deferred and accumulated within a separate component of stockholders’ equity in the balance sheet. VF’s comprehensive income is presented in the Consolidated Statements of Comprehensive Income. The deferred components of other comprehensive income (loss) are reported, net of related income taxes, in accumulated OCL in stockholders’ equity, as follows:
| (In thousands) | December 2025 | March 2025 | December 2024 |
|---|---|---|---|
| Foreign currency translation and other | $(746,238) | $(821,189) | $(846,574) |
| Defined benefit pension plans | (178,810) | (180,047) | (171,993) |
| Derivative financial instruments | (76,238) | 23,496 | 67,082 |
| Accumulated other comprehensive loss | $(1,001,286) | $(977,740) | $(951,485) |
The changes in accumulated OCL, net of related taxes, were as follows:
| (In thousands) | Foreign Currency Translation and Other | Defined Benefit Pension Plans | Derivative Financial Instruments | Total |
|---|---|---|---|---|
| Balance, September 2025 | $(770,855) | $(174,008) | $(79,178) | $(1,024,041) |
| Other comprehensive income (loss) before reclassifications | 24,235 | (33,795) | (20,253) | (29,813) |
| Amounts reclassified from accumulated other comprehensive loss | 382 | 28,993 | 23,193 | 52,568 |
| Net other comprehensive income (loss) | 24,617 | (4,802) | 2,940 | 22,755 |
| Balance, December 2025 | $(746,238) | $(178,810) | $(76,238) | $(1,001,286) |
| (In thousands) | Foreign Currency Translation and Other | Defined Benefit Pension Plans | Derivative Financial Instruments | Total |
|---|---|---|---|---|
| Balance, September 2024 | $(869,994) | $(175,087) | $(25,499) | $(1,070,580) |
| Other comprehensive income (loss) before reclassifications | (51,873) | (99) | 88,068 | 36,096 |
| Amounts reclassified from accumulated other comprehensive loss | 75,293 | 3,193 | 4,513 | 82,999 |
| Net other comprehensive income | 23,420 | 3,094 | 92,581 | 119,095 |
| Balance, December 2024 | $(846,574) | $(171,993) | $67,082 | $(951,485) |
19 VF Corporation Q3 FY26 Form 10-Q
| (In thousands) | Foreign Currency Translation and Other | Defined Benefit Pension Plans | Derivative Financial Instruments | Total |
|---|---|---|---|---|
| Balance, March 2025 | $(821,189) | $(180,047) | $23,496 | $(977,740) |
| Other comprehensive income (loss) before reclassifications | 74,569 | (34,650) | (111,386) | (71,467) |
| Amounts reclassified from accumulated other comprehensive loss | 382 | 35,887 | 11,652 | 47,921 |
| Net other comprehensive income (loss) | 74,951 | 1,237 | (99,734) | (23,546) |
| Balance, December 2025 | $(746,238) | $(178,810) | $(76,238) | $(1,001,286) |
| (In thousands) | Foreign Currency Translation and Other | Defined Benefit Pension Plans | Derivative Financial Instruments | Total |
|---|---|---|---|---|
| Balance, March 2024 | $(868,439) | $(182,333) | $(13,559) | $(1,064,331) |
| Other comprehensive income (loss) before reclassifications | (53,428) | (135) | 56,015 | 2,452 |
| Amounts reclassified from accumulated other comprehensive loss | 75,293 | 10,475 | 24,626 | 110,394 |
| Net other comprehensive income | 21,865 | 10,340 | 80,641 | 112,846 |
| Balance, December 2024 | $(846,574) | $(171,993) | $67,082 | $(951,485) |
VF Corporation Q3 FY26 Form 10-Q 20
Reclassifications out of accumulated OCL were as follows:
| (In thousands) · Three Months Ended December · Nine Months Ended December | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Details About Accumulated Other Comprehensive Loss Components | Affected Line Item in the Consolidated Statements of Operations | ||||||||
| 2025 · 2024 · 2025 · 2024 | |||||||||
| Losses on foreign currency translation and other: | |||||||||
| Sale of Dickies | Other income (expense), net | $(382) | $— | $(382) | $— | ||||
| Sale of Supreme | Loss from discontinued operations, net of tax (a) | — | (75,293) | — | (75,293) | ||||
| Total before tax | (382) | (75,293) | (382) | (75,293) | |||||
| Income tax effect | — | — | — | — | |||||
| Net of tax | (382) | (75,293) | (382) | (75,293) | |||||
| Amortization of defined benefit pension plans: | |||||||||
| Net deferred actuarial losses | Other income (expense), net | (4,886) | (5,049) | (14,631) | (15,146) | ||||
| Deferred prior service credits | Other income (expense), net | 159 | 148 | 470 | 442 | ||||
| Pension settlement charges | Other income (expense), net | (34,192) | — | (34,533) | — | ||||
| Pension curtailment gains | Other income (expense), net | — | 638 | 531 | 638 | ||||
| Total before tax | (38,919) | (4,263) | (48,163) | (14,066) | |||||
| Income tax effect | 9,926 | 1,070 | 12,276 | 3,591 | |||||
| Net of tax | (28,993) | (3,193) | (35,887) | (10,475) | |||||
| Gains (losses) on derivative financial instruments: | |||||||||
| Foreign exchange contracts | Revenues | 1,945 | (9,580) | 519 | (21,762) | ||||
| Foreign exchange contracts | Cost of goods sold | (21,412) | 4,648 | (7,241) | (9,479) | ||||
| Foreign exchange contracts | SG&A expenses | 175 | 166 | (336) | (289) | ||||
| Foreign exchange contracts | Other income (expense), net | 2,421 | (970) | 3,971 | (973) | ||||
| Interest rate contracts | Interest expense | 27 | 364 | 81 | 418 | ||||
| Interest rate contracts | Loss from discontinued operations, net of tax | — | — | — | 2,299 | ||||
| Total before tax | (16,844) | (5,372) | (3,006) | (29,786) | |||||
| Income tax effect | (6,349) | 859 | (8,646) | 5,160 | |||||
| Net of tax | (23,193) | (4,513) | (11,652) | (24,626) | |||||
| Total reclassifications for the period, net of tax | $(52,568) | $(82,999) | $(47,921) | $(110,394) | |||||
(a)Foreign currency translation losses related to Supreme were included in the carrying value of the disposal group used in determining the estimated loss on sale recorded during the second quarter of Fiscal 2025. Upon completion of the sale of Supreme on October 1, 2024, these amounts were reclassified out of accumulated OCL into the loss from discontinued operations, net of tax line item in the Consolidated Statements of Operations for the three and nine months ended December 2024 and offset against the derecognition of the previously recorded allowance on the disposal group.
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