Quarterly report pursuant to Section 13 or 15(d)

PENSION PLANS (Tables)

v3.23.3
PENSION PLANS (Tables)
 6 Months Ended
Sep. 30, 2023
Retirement Benefits [Abstract]  
Schedule of Components of Pension Cost
The components of pension cost for VF’s defined benefit plans were as follows:
  Three Months Ended September Six Months Ended September
(In thousands) 2023 2022 2023 2022
Service cost – benefits earned during the period $ 2,237  $ 2,626  $ 4,429  $ 5,272 
Interest cost on projected benefit obligations 11,775  10,680  23,587  23,311 
Expected return on plan assets (15,902) (14,752) (31,779) (33,612)
Settlement charges 7  1,141  3,299  92,902 
Amortization of deferred amounts:
Net deferred actuarial losses 4,170  3,953  8,402  7,674 
Deferred prior service credits (137) (111) (272) (223)
Net periodic pension cost $ 2,150  $ 3,537  $ 7,666  $ 95,324