Quarterly report pursuant to Section 13 or 15(d)

Pension Plans

v3.8.0.1
Pension Plans
 9 Months Ended
Sep. 30, 2017
Compensation and Retirement Disclosure [Abstract]  
Pension Plans
Pension Plans
The components of pension cost for VF’s defined benefit plans were as follows:
 
Three Months Ended September
 
Nine Months Ended September
In thousands
2017
 
2016
 
2017
 
2016
Service cost – benefits earned during the period
$
6,202

 
$
6,478

 
$
18,733

 
$
19,434

Interest cost on projected benefit obligations
14,730

 
16,991

 
44,254

 
51,066

Expected return on plan assets
(23,825
)
 
(24,869
)
 
(70,977
)
 
(74,714
)
Amortization of deferred amounts:
 
 
 
 
 
 
 
Net deferred actuarial losses
10,030

 
16,303

 
31,414

 
48,928

Deferred prior service costs
643

 
645

 
2,000

 
1,937

Net periodic pension cost
$
7,780

 
$
15,548

 
$
25,424

 
$
46,651


VF contributed $7.8 million to its defined benefit plans during the first nine months of 2017, and intends to make approximately $7.2 million of additional contributions during the remainder of 2017.
In conjunction with the sale of the licensing business, the Company recognized a $1.1 million pension curtailment loss in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statement of Income in the first nine months of 2017.