Quarterly report pursuant to Section 13 or 15(d)

GOODWILL

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GOODWILL
 3 Months Ended
Jun. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL GOODWILL
Changes in goodwill are summarized by reportable segment as follows:
(In thousands) Outdoor Active Work Total
Balance, March 2024 $ 205,868  $ 1,203,046  $ 51,500  $ 1,460,414 
Impairment charge —  (94,000) —  (94,000)
Foreign currency translation 383  (6,015) —  (5,632)
Balance, June 2024 $ 206,251  $ 1,103,031  $ 51,500  $ 1,360,782 
During the three months ended June 2024, VF determined that a triggering event had occurred requiring impairment testing of the Supreme reporting unit goodwill. VF's assessment gave consideration to the ongoing negotiations to sell the Supreme reporting unit. As a result of the impairment testing performed, VF recorded an impairment charge of $94.0 million to the Supreme reporting unit goodwill related to the estimates of fair value subsequently confirmed by the transaction price discussed in Note 18. The Supreme reporting unit is part of the Active
segment. Refer to Note 15 for additional information on fair value measurements.
Accumulated impairment charges for the Outdoor and Work segments were $769.0 million and $61.8 million, respectively, as of June 2024 and March 2024. Accumulated impairment charges for the Active segment were $488.1 million and $394.1 million as of June 2024 and March 2024, respectively.