V F CORP
For the period ended Sep 26, 2026. Filed Oct 28, 2026.
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Sep 26, 2026 · Filed Oct 28, 2026
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Leases
NOTE 8 —LEASES
The Company leases certain retail locations, office space, distribution facilities, machinery and equipment, and vehicles. All of these leases are operating leases. VF previously hadone finance lease for a distribution center that was sold in Fiscal 2026 as part of the Dickies divestiture. Total lease cost includes operating lease cost, variable lease cost, finance lease cost (as applicable), short-term lease cost and animpairment of right-of-use assets. The components of lease cost were as follows:
| Three Months Ended September | Six Months Ended September | |||
|---|---|---|---|---|
| (In thousands) | 2026 | 2025 | 2026 | 2025 |
| Operating lease cost | $109,033 | $103,037 | $211,880 | $201,465 |
| Other lease cost | 30,325 | 32,292 | 70,242 | 67,205 |
| Total lease cost | $139,358 | $135,329 | $282,122 | $268,670 |
During the six months ended September 2026, the Company recorded a $6.4 million impairment charge in the selling, general and administrative (“SG&A”) expenses line item in VF's Consolidated Statement of Operations for an impairment of a distribution center.
During the six months ended September 2026 and 2025, the Company paid $225.3 million and $207.8 million for operating leases, respectively. During the six months ended September 2026 and 2025, the Company obtained $203.9 million and $223.8 million of right-of-use assets in exchange for lease liabilities, respectively.
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