Quarterly report pursuant to Section 13 or 15(d)

PENSION PLANS (Tables)

v3.22.2
PENSION PLANS (Tables)
3 Months Ended
Jul. 02, 2022
Retirement Benefits [Abstract]  
Schedule of 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) 2022 2021
Service cost – benefits earned during the period $ 2,646  $ 3,613 
Interest cost on projected benefit obligations 12,631  9,475 
Expected return on plan assets (18,860) (19,385)
Settlement charges 91,761  948 
Amortization of deferred amounts:
Net deferred actuarial losses 3,721  2,840 
Deferred prior service credits (112) (118)
Net periodic pension cost (income) $ 91,787  $ (2,627)
The amounts reported in these disclosures have not been segregated between continuing and discontinued operations.