Quarterly report pursuant to Section 13 or 15(d)

Capital And Accumulated Other Comprehensive Income (Loss)

v2.3.0.15
Capital And Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Oct. 01, 2011
Capital And Accumulated Other Comprehensive Income (Loss) [Abstract]  
Capital And Accumulated Other Comprehensive Income (Loss)

Note I — Capital and Accumulated Other Comprehensive Income (Loss)

Common stock outstanding is net of shares held in treasury and, in substance, retired. There were 19,286,190 treasury shares at September 2011, 19,099,644 at December 2010 and 17,910,533 at September 2010. The excess of the cost of treasury shares acquired over the $1 per share stated value of Common Stock is deducted from Retained Earnings. In addition, 235,011 shares of VF Common Stock at September 2011, 246,860 shares at December 2010 and 246,410 shares at September 2010 were held in connection with deferred compensation plans. These shares, having a cost of $10.2 million, $10.7 million and $10.6 million at the respective dates, are treated as treasury shares for financial reporting purposes.

There are 25,000,000 authorized shares of Preferred Stock, $1 par value, of which none are outstanding.

Comprehensive income includes net income and specified components of other comprehensive income ("OCI"). OCI consists of changes in assets and liabilities that are not included in net income under GAAP but are instead deferred and accumulated within a separate component of stockholders' equity in the balance sheet. VF's comprehensive income is presented in the Consolidated Statements of Comprehensive Income. The deferred components of other comprehensive income (loss) are reported, net of related income taxes, in Accumulated Other Comprehensive Income (Loss) in Stockholders' Equity, as follows:

 

     September     December     September  
In thousands    2011     2010     2010  

Foreign currency translation

    $ (3,391 )    $ (5,727 )    $ 17,286   

Defined benefit pension plans

      (244,750 )      (266,125 )      (242,888 ) 

Derivative financial instruments

      (32,491 )      (1,716 )      (6,343 ) 

Marketable securities

      666        4,974        2,746   
  

 

 

    

 

 

    

 

 

  

Accumulated other comprehensive income (loss)

    $ (279,966 )    $ (268,594 )    $ (229,199 )