VF Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 28, 2019

Classes of Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on Recurring Basis

The following table summarizes financial assets and financial liabilities that are measured and recorded in the consolidated financial statements at fair value on a recurring basis:



	Total Fair Value		Fair Value Measurement Using ^(a)
(In thousands)	Total Fair Value		Level 1		Level 2		Level 3
December 2019
Financial assets:
Cash equivalents:
Money market funds	$	247,270	$	247,270	$	—	$	—
Time deposits	2,689		2,689		—		—
Derivative financial instruments	51,643		—		51,643		—
Investment securities	134,026		128,409		5,617		—
Financial liabilities:
Derivative financial instruments	42,979		—		42,979		—
Deferred compensation	145,814		—		145,814		—
	Total Fair Value		Fair Value Measurement Using ^(a)
(In thousands)	Total Fair Value		Level 1		Level 2		Level 3
March 2019
Financial assets:
Cash equivalents:
Money market funds	$	248,560	$	248,560	$	—	$	—
Time deposits	8,257		8,257		—		—
Derivative financial instruments	92,771		—		92,771		—
Investment securities	186,698		176,209		10,489		—
Financial liabilities:
Derivative financial instruments	22,337		—		22,337		—
Deferred compensation	199,336		—		199,336		—

The amounts reported in the table above for the prior period have not been segregated between continuing and discontinued operations. The March 2019 balances include $50.8 million of deferred compensation liabilities and associated assets related to the Jeans business, which were transferred in connection with the spin-off.

^(a)

There were no transfers among the levels within the fair value hierarchy during the nine months ended December 2019 or the year ended March 2019.