Quarterly report pursuant to Section 13 or 15(d)

Pension Plans

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Pension Plans
 3 Months Ended
Apr. 02, 2016
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    2016      2015  

Service cost – benefits earned during the period

    $ 6,449       $ 7,335   

Interest cost on projected benefit obligations

      17,034         19,403   

Expected return on plan assets

      (24,919 )       (27,771 ) 

Amortization of deferred amounts:

      

Net deferred actuarial losses

      16,306         15,497   

Deferred prior service costs

      647         762   
  

 

 

     

 

 

  

Net periodic pension cost

    $ 15,517       $ 15,226   
  

 

 

     

 

 

  

VF contributed $5.8 million to its defined benefit plans during the first three months of 2016, and intends to make approximately $9.6 million of additional contributions during the remainder of 2016.