Annual report pursuant to Section 13 and 15(d)

Derivative Financial Instruments And Hedging Activities (Tables)

v2.4.0.6
Derivative Financial Instruments And Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2011
Derivative [Line Items]  
Outstanding Derivatives On Individual Contract Basis
                                 
     Fair Value of Derivatives
with Unrealized Gains		      Fair Value of Derivatives
with Unrealized Losses		  
     December
2011		      December
2010		      December
2011		      December
2010		  
     In thousands  

Foreign exchange contracts designated as hedging instruments

    $ 45,071       $ 18,389       $ 22,406       $ 27,916   

Foreign exchange contracts dedesignated as hedging instruments

      1,245         179         930         899   

Foreign exchange contracts not designated as hedging instruments

      12         —         177         —   
    

 

 

     

 

 

     

 

 

     

 

 

  

Total derivatives

    $ 46,328       $ 18,568       $ 23,513       $ 28,815   
    

 

 

     

 

 

     

 

 

     

 

 

  
Current Or Noncurrent Derivative Assets And Liabilities
                 
     December 2011     December 2010  
     In thousands  

Other current assets

    $ 39,076      $ 15,296   

Accrued current liabilities

      (19,326 )      (25,440 ) 

Other assets (noncurrent)

      7,252        3,272   

Other liabilities (noncurrent)

      (4,187 )      (3,375 ) 
Summary Of The Effects Of Fair Value Hedging Relationships Included In VF's Consolidated Statement of Income
                     

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             

 In thousands

2011

                         
           

Foreign exchange

    Miscellaneous
income		    $2,413    Advances —

intercompany

    Miscellaneous

income

    $(3,329)
      (expense)              (expense)     
           

2010

                         
           

Foreign exchange

    Miscellaneous
income		    $17,914    Advances —

intercompany

    Miscellaneous income
(expense)		    $(18,041)
      (expense)                    
Effects Of Cash Flow Hedging Included In Consolidated Statements Of Income And Comprehensive Income
                                     

Cash Flow

Hedging

    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 		 

Relationships

    2011      2010         2011      2010  
     In thousands           In thousands  

Foreign exchange

    $ 6,707       $ 14,042       Net sales    $ 6,525       $ (5,907)   
                       Cost of goods sold      (16,958)         10,328   
                       Miscellaneous income (expense)      (8,441)         2,186   

Interest rate

      (48,266)         —       Interest expense      (2,424)         116   
    

 

 

     

 

 

          

 

 

     

 

 

  

Total

    $ (41,559)       $ 14,042            $ (21,298)       $ 6,723   
    

 

 

     

 

 

          

 

 

     

 

 

  
Not Designated As Hedging Instrument [Member]
  
Derivative [Line Items]  
Summary Of The Effects Of Fair Value Hedging Relationships Included In VF's Consolidated Statement of Income
                     

Derivatives Not

Designated

as Hedges

   

Location of

Gain (Loss)

on Derivatives

Recognized in Income

    Gain (Loss)
on Derivatives
Recognized in Income 		 
      2011      2010  
     In thousands              

Foreign exchange

    Miscellaneous income (expense)    $ 3,995       $ —