V F CORP

NOTE 7 —GOODWILL

Changes in goodwill are summarized by reportable segment and the “All Other” category as follows:

(a)“All Other” is included for purposes of reconciliation of goodwill, but it is not considered a reportable segment.

During the three months ended December 2025, VF performed an interim impairment analysis of the Napapijri reporting unit and recorded an impairment charge of $30.7 million. The Napapijri reporting unit is part of the “All Other” category. Refer to Note 17 for additional information on fair value measurements.

In connection with the realignment of the Company's segment reporting structure, the Company allocated goodwill related to Timberland PRO to the Timberland reporting unit as of the first day of the first quarter of Fiscal 2026. As a result of the change in reportable segments, the Company performed impairment assessments both before and after the segment change became effective, and no impairment of goodwill was identified. Balances as of March 2025 have been retrospectively adjusted to reflect the reallocation. Refer to Note 15 for additional information regarding the Company's reportable segments.

Accum ulated impairment charges for the Outdoor reportable segment were $730.2 million asof December 2025 and March 2025. Accumulated impairment charges for the “All Other” category were $107.7 million and $138.8 million as of December 2025 and March 2025, respectively.

During the three months ended December 2025, the Company completed the sale of Dickies. The Dickies reporting unit goodwill was fully impaired as of the third quarter of Fiscal 2024 and waspreviously included in the “All Other” category. Accumulated impairment charges related to the Dickies reporting unit were$61.8 million. Refer to Note 4 for additional information regarding the divestiture.

VF Corporation Q3 FY26 Form 10-Q 16