Quarterly report pursuant to Section 13 or 15(d)

PENSION PLANS (Tables)

v3.21.2
PENSION PLANS (Tables)
3 Months Ended
Jul. 03, 2021
Retirement Benefits [Abstract]  
Components of Pension Cost
The components of pension cost (income) for VF’s defined benefit plans were as follows:
  Three Months Ended June
(In thousands) 2021 2020
Service cost – benefits earned during the period $ 3,613  $ 3,632 
Interest cost on projected benefit obligations 9,475  11,948 
Expected return on plan assets (19,385) (20,539)
Settlement charge 948  — 
Amortization of deferred amounts:
Net deferred actuarial losses 2,840  2,863 
Deferred prior service credits (118) (17)
Net periodic pension cost (income) $ (2,627) $ (2,113)
The amounts reported in these disclosures have not been segregated between continuing and discontinued operations.