Quarterly report pursuant to Section 13 or 15(d)

PENSION PLANS (Tables)

v3.10.0.1
PENSION PLANS (Tables)
 3 Months Ended
Jun. 30, 2018
Retirement Benefits [Abstract]  
Components of Pension Cost
The components of pension cost for VF’s defined benefit plans were as follows:
 
 
Three Months Ended June
(In thousands)
 
2018
 
 
2017
Service cost – benefits earned during the period
 
$
6,224

 
 
$
6,115

Interest cost on projected benefit obligations
 
16,013

 
 
14,709

Expected return on plan assets
 
(23,834
)
 
 
(23,797
)
Pension settlement charges
 
6,842

 
 
—

Pension curtailment losses
 
9,483

 
 
—

Amortization of deferred amounts:
 
 
 
 
 
Net deferred actuarial losses
 
8,822

 
 
10,002

Deferred prior service costs
 
669

 
 
645

Net periodic pension cost
 
$
24,219

 
 
$
7,674


The amounts reported in these disclosures have not been segregated between continuing and discontinued operations.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
Actuarial assumptions used in the interim valuations were reviewed and revised as appropriate. The discount rates used to determine pension obligations were as follows:
 
 
June 2018
 
April 2018
 
U.S. qualified defined benefit pension plan
 
4.25
%
 
N/A

 
Supplemental defined benefit pension plan
 
4.24
%
 
4.22
%