VF Corporation Annual report pursuant to Section 13 and 15(d)

Accrued Liabilities

12 Months Ended

Dec. 31, 2011

Note J — Accrued Liabilities


	2011		2010
	In thousands
Compensation	$	187,053	$	155,563
Deferred compensation (Note M)		25,613		23,000
Income taxes		17,284		10,499
Deferred income taxes (Note P)		9,740		6,897
Other taxes		94,893		72,013
Advertising		38,880		31,461
Customer discounts and allowances		35,725		30,412
Interest		17,360		10,451
Unrealized losses on hedging contracts (Note U)		19,326		25,440
Insurance		21,118		23,215
Product warranty claims (Note L)		13,791		12,334
Pension liabilities (Note M)		7,965		5,873
Freight, duties, and postage		40,220		16,956
Construction obligation (Note E)		22,648		—
Other		192,870		135,050

Accrued liabilities	$	744,486	$	559,164