Annual report pursuant to Section 13 and 15(d)

Capital And Accumulated Other Comprehensive Income (Loss)

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Capital And Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2011
Capital And Accumulated Other Comprehensive Income (Loss) [Abstract]  
Capital And Accumulated Other Comprehensive Income (Loss)

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

Common Stock outstanding is net of shares held in treasury, and in substance retired. There were 19,289,690 treasury shares at the end of 2011, 19,099,644 treasury shares at the end of 2010 and 13,943,457 treasury shares at the end of 2009. 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, 238,275 shares of VF Common Stock at the end of 2011, 246,860 shares at the end of 2010 and 241,446 shares at the end of 2009 were held in trust for deferred compensation plans (Note M). These shares held for deferred compensation plans are treated for financial reporting purposes as treasury shares at a cost of $11.0 million, $10.7 million and $9.9 million at the end of 2011, 2010 and 2009, respectively.

Accumulated Other Comprehensive Income (Loss):    Comprehensive income consists of 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:

 

      2011     2010  
     In thousands  

Foreign currency translation

    $ (51,159 )    $ (5,727 ) 

Defined benefit pension plans

      (356,693 )      (266,125 ) 

Derivative financial instruments

      (14,167 )      (1,716 ) 

Marketable securities

      542        4,974   
  

 

 

    

 

 

  

Accumulated other comprehensive income (loss)

    $ (421,477 )    $ (268,594 )