Quarterly report pursuant to Section 13 or 15(d)

Pension Plans

v2.4.1.9
Pension Plans
 3 Months Ended
Apr. 04, 2015
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    2015      2014  

Service cost – benefits earned during the period

    $ 7,335       $ 6,085   

Interest cost on projected benefit obligations

      19,403         20,389   

Expected return on plan assets

      (27,771 )       (22,681 ) 

Amortization of deferred amounts:

      

Net deferred actuarial losses

      15,497         9,384   

Deferred prior service costs

      762         1,362   
  

 

 

     

 

 

  

Net periodic pension cost

 $ 15,226    $ 14,539   
  

 

 

     

 

 

  

 

During the first three months of 2015, VF contributed $254.9 million to its defined benefit plans, which included a $250.0 million discretionary contribution to its domestic qualified plan. VF intends to make approximately $18.5 million of additional contributions during the remainder of 2015.