Quarterly report pursuant to Section 13 or 15(d)

PENSION PLANS (Tables)

v3.21.2
PENSION PLANS (Tables)
 6 Months Ended
Oct. 02, 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 September Six Months Ended September
(In thousands) 2021 2020 2021 2020
Service cost – benefits earned during the period $ 3,577  $ 3,783  $ 7,190  $ 7,415 
Interest cost on projected benefit obligations 9,367  11,981  18,842  23,929 
Expected return on plan assets (19,368) (20,571) (38,753) (41,110)
Settlement charges 76  572  1,024  572 
Amortization of deferred amounts:
Net deferred actuarial losses 2,871  2,898  5,711  5,761 
Deferred prior service credits (117) (17) (235) (34)
Net periodic pension cost (income) $ (3,594) $ (1,354) $ (6,221) $ (3,467)
The amounts reported in these disclosures have not been segregated between continuing and discontinued operations.