Quarterly report pursuant to Section 13 or 15(d)

Pension Plans

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Pension Plans
 3 Months Ended
Mar. 29, 2014
Pension Plans

Note G – Pension Plans

The components of pension cost for VF’s defined benefit plans were as follows:

 

     Three Months Ended March  
In thousands    2014     2013  

Service cost – benefits earned during the period

    $ 6,085      $ 6,893   

Interest cost on projected benefit obligations

      20,389        18,051   

Expected return on plan assets

      (22,681 )      (23,682 ) 

Amortization of deferred amounts:

     

Net deferred actuarial losses

      9,384        21,362   

Deferred prior service costs

      1,362        341   
  

 

 

    

 

 

  

Net periodic pension cost

    $ 14,539      $ 22,965   
  

 

 

    

 

 

  

During the first three months of 2014, VF contributed $8.6 million to its defined benefit plans. VF intends to make approximately $11.6 million of additional contributions during the remainder of 2014.