V F CORP

Notes:

(a) Costs (benefits) related to Reinvent, VF's transformation program, including restructuring charges and project-related costs, were ($4.2) million and ($15.7) million in the three and six months ended September 2026, respectively. A gain of $17.6 million related to the sale of a distribution center and an impairment charge of $6.4 million related to an impairment of a leased distribution center, are included in the Reinvent amounts for the six months ended September 2026, as the actions leading to the gain and the impairment charge were initiated under Reinvent. Expenses related to the engagement of a consulting firm to support VF's transformation journey are also included in the Reinvent charges. VF entered into a contract with a consulting firm during the second quarter of Fiscal 2025, with services under the contract substantially completed in the third quarter of Fiscal 2026. In addition to payment for services, the contract includes contingent fees tied to increases in VF's stock price through June 2027. Expenses (benefits) related to the contract, which only related to changes in the fair value of the contingent fees, were ($4.2) million and ($4.5) million in the three and six months ended September 2026, respectively. Reinvent resulted in a net tax expense of $1.1 million and $4.2 million in the three and six months ended September 2026, respectively.

The Company incurred $193.8 million in total restructuring charges in connection with Reinvent. Substantially all restructuring actions were completed at the end of the first quarter of Fiscal 2026. Total fees associated with the contract with the consulting firm could be up to $146.0 million, with $75.0 million of the fees contingent on increases to VF’s stock price through June 2027.

(b) VF received a premium refund of $3.1 million related to the previously completed U.S. qualified pension plan termination. The refund reduced the previously estimated non-cash settlement charges and was recorded in the other income (expense), net line item in the three and six months ended September 2026.

(c) Amounts shown in the table have been calculated using unrounded numbers. The diluted earnings per share impacts were calculated using 399,680,000 and 400,047,000 weighted average common shares for the three and six months ended September 2026, respectively.