Quarterly report pursuant to Section 13 or 15(d)

Pension Plans (Tables)

v3.5.0.2
Pension Plans (Tables)
 6 Months Ended
Jul. 02, 2016
Components of Pension Cost

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

 

     Three Months Ended June      Six Months Ended June  
In thousands    2016      2015      2016      2015  

Service cost – benefits earned during the period

    $ 6,507       $ 7,344       $ 12,956       $ 14,679   

Interest cost on projected benefit obligations

      17,041         19,411         34,075         38,814   

Expected return on plan assets

      (24,926 )       (27,779 )       (49,845 )       (55,550 ) 

Amortization of deferred amounts:

            

Net deferred actuarial losses

      16,319         15,495         32,625         30,992   

Deferred prior service costs

      645         759         1,292         1,521   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net periodic pension cost

    $ 15,586       $ 15,230       $ 31,103       $ 30,456