Quarterly report pursuant to Section 13 or 15(d)

PENSION PLANS (Tables)

v3.22.4
PENSION PLANS (Tables)
 9 Months Ended
Dec. 31, 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 December Nine Months Ended December
(In thousands) 2022 2021 2022 2021
Service cost – benefits earned during the period $ 2,632  $ 3,547  $ 7,904  $ 10,737 
Interest cost on projected benefit obligations 10,754  9,332  34,065  28,174 
Expected return on plan assets (14,752) (19,347) (48,364) (58,100)
Settlement charges 695  5,660  93,597  6,684 
Amortization of deferred amounts:
Net deferred actuarial losses 3,858  2,858  11,532  8,569 
Deferred prior service credits (112) (117) (335) (352)
Net periodic pension cost (income) $ 3,075  $ 1,933  $ 98,399  $ (4,288)
The amounts reported in these disclosures have not been segregated between continuing and discontinued operations.