V F CORP

NOTE 10 —PENSION PLANS

The components of pension cost (income) for VF’s defined benefit plans were as follows:

In May 2025, VF executed a resolution to terminate the U.S. qualified pension plan, which was previously frozen and no longer accruing benefits. In February 2026, the Company completed the termination of the plan through a combination of lump-sum payments to eligible participants and the purchase of group annuity contracts to settle the remaining benefit oblig ations.

During the three months ended September 2026, VF received a premium refundof $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 Consolidated Statements of Operations for the three andsix months ended September 2026. The related funds were transferred to a qualified replacement plan managed by the Company which will be used to fund future incremental annual Company contributions to VF's U.S. 401(k) program.

VF has reported the service cost component of net periodic pension cost (income) in operating income and the other components, which include interest cost, expected return on plan assets, settlement charges, premium refunds, curtailments

and amortization of deferred actuarial losses and prior service credits, in the other income (expense), net line item in the Consolidated Statements of Operations.

VF contributed $3.2 million to its defined benefit plans during the six months ended September 2026, and intends to make approximately $11.8 million of contributions during the remainder of Fiscal 2027.

VF recorded a $0.3 million settlement charge in the other income (expense), net line item in the Consolidated Statements of Operations for the three and six months ended September 2025. The settlement charge related to the recognition of deferred actuarial losses resulting from lump-sum payments of retirement benefits in the supplemental defined benefit pension plan. Actuarial assumptions used in the interim valuation were reviewed and revised as appropriate.

VF recorded $0.5 million in curtailment gains in the other income (expense), net line item in the Consolidated Stat ement of Operations for the six months ended September 2025, related to employee exits from an international plan resulting from restructuring actions.