Quarterly report pursuant to Section 13 or 15(d)

SALE OF ACCOUNTS RECEIVABLE

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SALE OF ACCOUNTS RECEIVABLE
 6 Months Ended
Sep. 29, 2018
Receivables [Abstract]  
SALE OF ACCOUNTS RECEIVABLE
SALE OF ACCOUNTS RECEIVABLE

VF has an agreement with a financial institution to sell selected trade accounts receivable on a recurring, nonrecourse basis. This agreement was amended in August 2018 to permit up to $377.5 million of VF’s accounts receivable to be sold to the financial institution and remain outstanding at any point in time, compared to the $367.5 million limit in place at March 2018 and September 2017. VF removes the accounts receivable from the Consolidated Balance Sheets at the time of sale. VF does not retain any interests in the sold accounts receivable but continues to service and collect outstanding accounts receivable on behalf of the financial institution. During the six months ended September 2018 and 2017, VF sold total accounts receivable of $586.0 million and $586.5 million, respectively. As of September 2018, March 2018 and September 2017, $184.3 million, $191.2 million and $191.4 million, respectively, of the sold accounts receivable had been removed from the Consolidated Balance Sheets but remained outstanding with the financial institution. The funding fee charged by the financial institution is included in the other income (expense), net line item in the Consolidated Statements of Income, and was $1.3 million and $2.9 million for the three and six months ended September 2018, respectively, and $0.8 million and $1.8 million for the three and six months ended September 2017, respectively. Net proceeds of this program are classified as operating activities in the Consolidated Statements of Cash Flows.