---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-231740"
form_type: "8-K"
ticker: "VFC"
cik: "0000103379"
company_name: "V F CORP"
filed_at: "2023-09-11T23:59:59+00:00"
generated_at: "2026-06-10T21:35:18.276837+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# VF Corp loses appeal on Timberland tax dispute; to take up to $730M non-cash charge in Q2 FY2024

## Summary
- U.S. Court of Appeals upheld Tax Court ruling against VF on timing of income from 2011 Timberland acquisition.
- VF paid $875.7M in Oct 2022 for disputed taxes and interest, recorded as income tax receivable.
- Estimated net increase in tax expense up to $730M plus reversal of $19.6M accrued interest income.
- Non-cash charge to be recorded in Q2 fiscal 2024; no impact on cash and debt outlook for FY2024.
- Company disappointed with decision, believes Tax Court erred on technical merits.

## SEC filing metadata
- accession: 0001193125-23-231740
- form_type: 8-K
- ticker: VFC
- cik: 0000103379
- company_name: V F CORP
- filed_at: 2023-09-11T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/103379/000119312523231740/0001193125-23-231740-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/103379/000119312523231740/d535980d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-231740
- JSON: https://secwatch.observer/filing/0001193125-23-231740.json
- Plain text: https://secwatch.observer/filing/0001193125-23-231740.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.