Summary of Changes in Fair Value of Level 3 Pension Assets (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |
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Jan. 03, 2015
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Dec. 28, 2013
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Defined Benefit Plan Disclosure [Line Items] | ||
Balance, beginning of year | $ 1,467,526us-gaap_DefinedBenefitPlanFairValueOfPlanAssets | $ 1,332,211us-gaap_DefinedBenefitPlanFairValueOfPlanAssets |
Actual return on assets | 189,824us-gaap_DefinedBenefitPlanActualReturnOnPlanAssets | 84,882us-gaap_DefinedBenefitPlanActualReturnOnPlanAssets |
Balance, end of year | 1,628,254us-gaap_DefinedBenefitPlanFairValueOfPlanAssets | 1,467,526us-gaap_DefinedBenefitPlanFairValueOfPlanAssets |
Significant Unobservable Inputs, Level 3 | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Balance, end of year |
132,922us-gaap_DefinedBenefitPlanFairValueOfPlanAssets / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member |
125,624us-gaap_DefinedBenefitPlanFairValueOfPlanAssets / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member |
Alternative Investments | Significant Unobservable Inputs, Level 3 | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Balance, beginning of year |
125,624us-gaap_DefinedBenefitPlanFairValueOfPlanAssets / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_IncomeStatementLocationAxis = vfc_AlternativeInvestmentsMember |
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Purchase of assets |
1,268us-gaap_DefinedBenefitPlanPurchasesSalesAndSettlements / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_IncomeStatementLocationAxis = vfc_AlternativeInvestmentsMember |
122,980us-gaap_DefinedBenefitPlanPurchasesSalesAndSettlements / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_IncomeStatementLocationAxis = vfc_AlternativeInvestmentsMember |
Actual return on assets |
6,030us-gaap_DefinedBenefitPlanActualReturnOnPlanAssets / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_IncomeStatementLocationAxis = vfc_AlternativeInvestmentsMember |
2,644us-gaap_DefinedBenefitPlanActualReturnOnPlanAssets / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_IncomeStatementLocationAxis = vfc_AlternativeInvestmentsMember |
Balance, end of year |
$ 132,922us-gaap_DefinedBenefitPlanFairValueOfPlanAssets / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_IncomeStatementLocationAxis = vfc_AlternativeInvestmentsMember |
$ 125,624us-gaap_DefinedBenefitPlanFairValueOfPlanAssets / us-gaap_FairValueByFairValueHierarchyLevelAxis = us-gaap_FairValueInputsLevel3Member / us-gaap_IncomeStatementLocationAxis = vfc_AlternativeInvestmentsMember |
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- Definition
The difference between fair value of plan assets at the end of the period and the fair value at the beginning of the period, adjusted for contributions and payments of benefits during the period, and after adjusting for taxes and other expenses, as applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Assets, usually stocks, bonds, and other investments, that have been segregated and restricted (usually in a trust) to provide benefits, at their fair value as of the measurement date. Plan assets include amounts contributed by the employer (and by employees for a contributory plan) and amounts earned from investing the contributions, less benefits paid. If a plan has liabilities other than for benefits, those non-benefit obligations may be considered as reductions of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in plan assets from purchases, sales and settlement of plan obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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