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

Quarterly report pursuant to Section 13 or 15(d)

Derivative Financial Instruments And Hedging Activities (Tables)

Derivative Financial Instruments And Hedging Activities (Tables)

9 Months Ended

Oct. 01, 2011

Derivative Financial Instruments And Hedging Activities [Abstract]

Outstanding Derivatives On Individual Contract Basis


	Fair Value of Derivatives with Unrealized Gains						Fair Value of Derivatives with Unrealized Losses
In thousands	September 2011		December 2010		September 2010		September 2011		December 2010		September 2010
Foreign exchange contracts designated as hedging instruments	$	29,073	$	18,389	$	18,738	$	24,231	$	27,916	$	54,264

Foreign exchange contracts dedesignated as hedging instruments		2,220		179		1,211		201		899		575

Foreign exchange contracts not designated as hedging instruments		81		—		—		177		—		—


Total derivatives	$	31,374	$	18,568	$	19,949	$	24,609	$	28,815	$	54,839

Current Or Noncurrent Derivative Assets And Liabilities


In thousands	September			December			September
In thousands	2011			2010			2010
Other current assets	$	26,100		$	15,296		$	15,786
Accrued current liabilities		(18,260	)		(25,440	)		(45,431	)
Other assets (noncurrent)		5,274			3,272			4,163
Other liabilities (noncurrent)		(6,349	)		(3,375	)		(9,408	)

Summary Of The Effects Of Fair Value Hedging Relationships Included In VF's Consolidated Statement of Income


In thousands Fair Value Hedging Relationships	Location of Gain (Loss) on Derivatives Recognized in Income	Gain (Loss) on Derivatives Recognized in Income					Hedged Items in Fair Value Hedge Relationships	Location of Gain (Loss) Recognized on Related Hedged Items	Gain (Loss) on Related Hedged Items Recognized in Income
In thousands Fair Value Hedging Relationships	Location of Gain (Loss) on Derivatives Recognized in Income	Three Months			Nine Months		Hedged Items in Fair Value Hedge Relationships	Location of Gain (Loss) Recognized on Related Hedged Items	Three Months			Nine Months
Periods ended September 2011
Foreign exchange	Miscellaneous income (expense)	$	6,716		$	1,669	Advances – intercompany	Miscellaneous income (expense)	$	(6,606	)	$	(2,807	)

Periods ended September 2010
Foreign exchange	Miscellaneous income (expense)	$	(2,222	)	$	20,862	Advances – intercompany	Miscellaneous income (expense)	$	1,755		$	(21,246	)

Effects Of Cash Flow Hedging Included In Consolidated Statements Of Income And Comprehensive Income


In thousands Cash Flow Hedging Relationships	Gain (Loss) on Derivatives Recognized in OCI						Location of Gain (Loss) Reclassified from Accumulated OCI into Income	Gain (Loss) Reclassified from Accumulated OCI into Income




	Three Months			Nine Months				Three Months			Nine Months
Periods ended September 2011
Foreign exchange	$	23,048		$	(11,504	)	Net sales	$	3,034		$	4,265
							Cost of goods sold		(10,293	)		(5,489	)
							Miscellaneous income (expense)		(3,484	)		(7,020	)
Interest rate		(48,266	)		(48,266	)	Interest expense		(1,578	)		(1,520	)

Total	$	(25,218	)	$	(59,770	)		$	(12,321	)	$	(9,764	)

Periods ended September 2010
Foreign exchange	$	(36,261	)	$	254		Net sales	$	432		$	(832	)
							Cost of goods sold		8,186			2,473
							Miscellaneous income (expense)		(406	)		(1,210	)
Interest rate		—			—		Interest expense		29			87

Total	$	(36,261	)	$	254			$	8,241		$	518

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References + Details

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 1B

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5580258-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 25

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4B

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624163-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41620-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4C

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624171-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41641-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5579245-113959

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5579240-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(n)(2))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41678-113959

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6935481&loc=d3e41638-113959

+ Details