Transition report pursuant to Rule 13a-10 or 15d-10

PENSION PLANS

v3.8.0.1
PENSION PLANS
 3 Months Ended
Mar. 31, 2018
Retirement Benefits [Abstract]  
PENSION PLANS
PENSION PLANS
The components of pension cost for VF’s defined benefit plans were as follows:
 
 
Three Months Ended March
(In thousands)
 
2018
 
 
2017
Service cost – benefits earned during the period
 
$
5,912

 
 
$
6,416

Interest cost on projected benefit obligations
 
14,825

 
 
14,815

Expected return on plan assets
 
(25,314
)
 
 
(23,355
)
Amortization of deferred amounts:
 
 
 
 
 
Net deferred actuarial losses
 
8,548

 
 
11,382

Deferred prior service costs
 
647

 
 
712

Net periodic pension cost
 
$
4,618

 
 
$
9,970



Actuarial valuations of VF's defined benefit plans were obtained as of March 31, 2018, due to the change in fiscal year end explained in Note A. Actuarial assumptions used in the March 31, 2018 valuations were reviewed and revised as appropriate, and were not materially different from the actuarial assumptions used in the December 31, 2017 valuations. 
VF contributed $3.2 million to its defined benefit plans during the three months ended March 2018, and intends to make approximately $40.1 million of contributions during Fiscal 2019.
In conjunction with the sale of the Licensing Business, the Company recognized a $1.1 million pension curtailment loss in the loss from discontinued operations, net of tax line item in the Consolidated Statements of Income for the three months ended March 2017.