VF Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

PENSION PLANS (Tables)

PENSION PLANS (Tables)

9 Months Ended

Dec. 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 December																		Nine Months Ended December

(In thousands)						2023									2022									2023									2022
Service cost – benefits earned during the period						$	2,224								$	2,632								$	6,653								$	7,904
Interest cost on projected benefit obligations						11,763									10,754									35,350									34,065
Expected return on plan assets						(15,882)									(14,752)									(47,661)									(48,364)
Settlement charges						131									695									3,430									93,597

Amortization of deferred amounts:
Net deferred actuarial losses						4,106									3,858									12,508									11,532
Deferred prior service credits						(136)									(112)									(408)									(335)
Net periodic pension cost						$	2,206								$	3,075								$	9,872								$	98,399