Food, Beverage & Consumer Goods: Subsequent events (ASC 855)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS	PAGE NUMBER
NOTE 1	Basis of Presentation	11
NOTE 2	Recently Issued Accounting Standards	12
NOTE 3	Revenues	12
NOTE 4	Divestiture and Discontinued Operations	14
NOTE 5	Inventories	16
NOTE 6	Intangible Assets	16
NOTE 7	Goodwill	16
NOTE 8	Leases	17
NOTE 9	Short-term Borrowings	17
NOTE 10	Supply Chain Financing Program	18
NOTE 11	Pension Plans	18
NOTE 12	Capital and Accumulated Other Comprehensive Loss	19
NOTE 13	Stock-based Compensation	21
NOTE 14	Income Taxes	22
NOTE 15	Reportable Segment Information	22
NOTE 16	Earnings Per Share	26
NOTE 17	Fair Value Measurements	26
NOTE 18	Derivative Financial Instruments and Hedging Activities	29
NOTE 19	Restructuring	31
NOTE 20	Contingencies	32
NOTE 21	Subsequent Events	32

NOTE 1 — BASIS OF PRESENTATION

Fiscal Year

VF Corporation (together with its subsidiaries, collectively known as “VF” or the “Company”) uses a 52/53 week fiscal year ending on the Saturday closest to March 31 of each year. The Company's current fiscal year runs from March 30, 2025 through March 28, 2026 (“Fiscal 2026”). Accordingly, this Form 10-Q presents our third quarter of Fiscal 2026. For presentation purposes herein, all references to periods ended December 2025 and December 2024 relate to the fiscal periods ended on December 27, 2025 and December 28, 2024, respectively. References to March 2025 relate to information as of March 29, 2025.

Basis of Presentation

On September 15, 2025, VF entered into a definitive agreement with Bluestar Alliance LLC to sell the Dickies ® brand business (“Dickies”). On November 12, 2025, VF completed the sale of Dickies. Refer to Note 4 for additional information on the divestiture.