Quarterly report pursuant to Section 13 or 15(d)

Pension Plans

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Pension Plans
 9 Months Ended
Oct. 01, 2011
Pension Plans [Abstract]  
Pension Plans

Note G — Pension Plans

VF's pension cost was composed of the following components:

 

     Three Months     Nine Months  
     Ended September     Ended September  
In thousands    2011     2010     2011     2010  

Service cost – benefits earned during the year

    $ 5,322      $ 4,076      $ 15,776      $ 12,236   

Interest cost on projected benefit obligations

      19,730        19,116        59,173        57,340   

Expected return on plan assets

      (22,432 )      (19,183 )      (67,290 )      (57,538 ) 

Amortization of:

         

Net deferred actuarial loss

      10,783        11,381        32,326        34,132   

Prior service cost

      863        987        2,590        2,961   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic pension cost

    $ 14,266      $ 16,377      $ 42,575      $ 49,131   
  

 

 

    

 

 

    

 

 

    

 

 

  

During the first nine months of 2011, VF contributed $10.2 million to its defined benefit pension plans. VF currently anticipates making $2.1 million of additional contributions during the remainder of 2011.