V F Corp VFC
New risk paragraphs, branching off last year
Each branch is a paragraph in Risk Factors with nothing like it in the 10-K filed May 22, 2025. A box jumps to the paragraph as filed, below.
Paragraphs with nothing like them in last year's 10-K
8 paragraphs in Risk Factors of the 10-K filed May 20, 2026 with nothing like them in the 10-K filed May 22, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Disruptions of our supply chain, which is dependent on international suppliers, could have a material adverse effect on our operating and financial results.
Dickies® brand from VF for $600 million in cash, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses. On November 12, 2025, we completed the Dickies® brand sale. Although the sale is completed, we may not realize some or all the expected benefits of separating the brand, including strategic and other objectives. Further, divestitures involve significant challenges and risks, including the need to provide transition services, which may result in stranded costs and the diversion of resources and focus; and the need to separate operations, systems, and technologies, which is an inherently risky and potentially lengthy and costly process.
VF relies on owned or leased VF-operated and third party-operated distribution facilities to warehouse and ship product to
with U.S. and international laws and regulations, and changes in regulatory requirements.
We are subject to periodic litigation and regulatory proceedings, which could have an adverse effect on our business, financial condition and results of operations.
We are currently involved in, and may from time to time in the future become involved in, legal actions and proceedings arising in the ordinary course of our business. These include, or may in the future include, actions, demands, claims, lawsuits, government investigations or other legal proceedings, including assertions by third parties relating to intellectual property rights, breaches of contract or warranties, employment-related matters, compliance with securities or other laws, regulatory matters, customs matters, data privacy and cybersecurity matters and commercial matters. See “Item 3—Legal Proceedings” for additional information. In general, claims made by us or against us in litigation, disputes, or other proceedings
can be expensive and time consuming to bring or defend against and could result in settlements, injunctions, or damages that could significantly affect our business. It is not possible to predict the final resolution of the litigation, disputes, or proceedings to which we currently are or may in the future become party to. Regardless of the final resolution, such proceedings may have an adverse effect on our reputation, financial condition, and business, including by utilizing our resources and potentially diverting the attention of our management from the operation of our business.
Show the other 1
A significant portion of VF’s total revenue (approximately 56% in Fiscal 2026) is derived from markets outside the U.S. Many of VF’s international businesses operate in functional currencies
Paragraphs in the 10-Q filed Oct 28, 2026 that were not in the one before
New in the latest 10-Q
18 paragraphs in the 10-Q filed Oct 28, 2026 with nothing like them in the 10-Q filed Jul 29, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
statements and notes included in VF’s Annual Report on Form 10-K for the year ended March 28, 2026 (“Fiscal 2026 Form 10-K”).
Read in the 10-Q
In September 2025, the FASB issued ASU No. 2025-06, “Intangibles - Goodwill and Other - Internal-Use Software
Read in the 10-Q
The following table presents the assets and liabilities of Dickies at September 2025:
Read in the 10-Q
(In thousands) September 2025 ───────────────────────────────────────────────────────────────────────────────────── Cash and cash equivalents $ 5,000 Accounts receivable, net 104,972 Inventories 140,842 Other current assets 11,346 Property, plant and equipment, net 27,530 Intangible assets, net 244,503 Goodwill (a) — Operating lease right-of-use assets 1,092 Other assets 1,222 Total assets held-for-sale $ 536,507 Current portion of long-term debt $ 1,027 Accounts payable 24,243 Current portion of operating lease liabilities 422 Accrued liabilities 30,162 Long-term debt 13,457 Long-term portion of operating lease liabilities 679 Other liabilities 510 Total liabilities held-for-sale $ 70,500
Read in the 10-Q
(a) The Dickies reporting unit goodwill was fully impaired as of the third quarter of Fiscal 2024, and accumulated impairment charges were $ 61.8 million.
Read in the 10-Q
Show the other 13
The components of pension cost (income) for VF’s defined benefit plans were as follows:
Read in the 10-Q
During the three months ended September 2026, VF received a premium refund of $ 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 and six 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.
Read in the 10-Q
In Fiscal 2026, VF granted 516,605 performance-based RSUs with a market condition to the Chief Executive Officer (“CEO”)
Read in the 10-Q
In addition, 2.0 million and 1.7 million shares of performance-based RSUs and RSUs with a total shareholder return component were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2026, respectively, and 2.6 million and 2.3 million shares were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2025, respectively, because these units were not considered to be contingent outstanding shares in those periods.
Read in the 10-Q
valued based on quoted prices in active markets. Liabilities related to VF’s deferred compensation plans are recorded at amounts due to participants, based on the fair value of the participants’ selection of hypothetical investments.
Read in the 10-Q
2025, $ 20.0 million of contingent fees were paid to the consulting firm. As of September 2025, the total fair value of the remaining contingent fees was $ 6.7 million, with $ 2.7 million and $ 1.7 million recognized in the three and six months ended September 2025, respectively.
Read in the 10-Q
Fair Value of Derivatives with Unrealized Gains Fair Value of Derivatives with Unrealized Losses
Read in the 10-Q
(In thousands) Gain (Loss) on Derivatives Gain (Loss) on Derivatives Recognized in Accumulated OCL Six Months Ended September Recognized in Accumulated OCL
Read in the 10-Q
Three Months Ended September Six Months Ended September (Dollars in millions) 2026 2025 Percent 2026 2025 Percent
Read in the 10-Q
Three Months Ended September Six Months Ended September (Dollars in millions) 2026 2025 Percent 2026 2025 Percent
Read in the 10-Q
Three Months Ended September Six Months Ended September (Dollars in millions) 2026 2025 Percent 2026 2025 Percent
Read in the 10-Q
Three Months Ended September Six Months Ended September (Dollars in millions) 2026 2025 Percent 2026 2025 Percent
Read in the 10-Q
VF relies on its ability to generate cash flows to finance its ongoing operations. In addition, VF has significant liquidity from
Read in the 10-Q
The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Oct 28, 2026 against Item 1A of the 10-K filed May 20, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:You should carefully consider the risk factors set forth under Part I, “Item 1A. Risk Factors” in the Fiscal 2026 Form 10-K, which could materially affect our business, financial condition and future results. The risks described in the Fiscal 2026 Form 10-K are not the only risks facing the Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and operating results.
Read in the 10-Q
What the 10-Q itself says about its risk factors:There have been no material changes to the risk factors identified in Part I, “Item 1A. Risk Factors” in the Fiscal 2026 Form 10-K.
Read in the 10-Q
2 paragraphs in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.
Phrases used for the first time
Two-word phrases in Risk Factors of the 10-K filed May 20, 2026 that are in none of the 1 earlier 10-Ks stored, back to May 22, 2025
Where each one is used
- footwear equipment: VF’s revenues and profits depend on the level of consumer spending for apparel, footwear, equipment and accessories, which is sensitive to global economic conditions and other factors. A decline in consumer spending could have a material adverse effect on VF.
- dickies brand: Any acquisitions, divestitures or mergers by VF, including our completed sale of the Dickies® brand to Bluestar Alliance LLC, will be accompanied by the risks commonly encountered in acquisitions or divestitures of companies, businesses or brands. These risks include, among other things, higher than anticipated...
- napapijri reporting: VF’s balance sheet includes a significant amount of intangible assets and goodwill. A decline in the fair value of an intangible asset or of a business unit could result in an asset impairment charge, such as the recent impairment charges related to the Napapijri reporting unit goodwill.
- bluestar alliance: Any acquisitions, divestitures or mergers by VF, including our completed sale of the Dickies® brand to Bluestar Alliance LLC, will be accompanied by the risks commonly encountered in acquisitions or divestitures of companies, businesses or brands. These risks include, among other things, higher than anticipated...
- alliance llc: Any acquisitions, divestitures or mergers by VF, including our completed sale of the Dickies® brand to Bluestar Alliance LLC, will be accompanied by the risks commonly encountered in acquisitions or divestitures of companies, businesses or brands. These risks include, among other things, higher than anticipated...
- tariff refunds: Changes and uncertainty in U.S. or international social, political, regulatory and economic conditions or in laws and policies governing foreign trade, manufacturing, development and investment in the territories or countries where we currently sell our products or conduct our business, as well as any negative...
- legal proceedings: We are currently involved in, and may from time to time in the future become involved in, legal actions and proceedings arising in the ordinary course of our business. These include, or may in the future include, actions, demands, claims, lawsuits, government investigations or other legal proceedings, including...
- litigation disputes: We are currently involved in, and may from time to time in the future become involved in, legal actions and proceedings arising in the ordinary course of our business. These include, or may in the future include, actions, demands, claims, lawsuits, government investigations or other legal proceedings, including...
Used at least twice, small words left out. Counted, not picked: a phrase can be new because the company renamed something.
What was taken out
5 paragraphs of last year's Risk Factors with nothing like them now. The longest are quoted.
Sources
Item 1A of each 10-K and 10-Q on EDGAR, quoted exactly. Each paragraph links to the filing at sec.gov.
Also
10-K change: what was reworded or cut, section by section.
Work with it
Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/VFC/export.csv") into a cell.