Quarterly report pursuant to Section 13 or 15(d)

Capital And Accumulated Other Comprehensive Income (Loss)

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Capital And Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2012
Capital And Accumulated Other Comprehensive Income (Loss) [Abstract]  
Capital And Accumulated Other Comprehensive Income (Loss)

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

Common stock outstanding is net of shares held in treasury and, in substance, retired. There were 21,462,952 treasury shares at March 2012, 19,289,690 at December 2011 and 19,243,471 at March 2011. 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, 239,345 shares of VF Common Stock at March 2012, 238,275 shares at December 2011 and 253,610 shares at March 2011 were held in connection with deferred compensation plans. These shares, having a cost of $11.2 million, $11.0 million and $11.4 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:

 

In thousands    March
2012 		    December
2011 		    March
2011 		 

Foreign currency translation

    $ (13,487 )    $ (51,159 )    $ 71,309   

Defined benefit pension plans

      (345,193 )      (356,693 )      (258,679 ) 

Derivative financial instruments

      (18,562 )      (14,167 )      (19,592 ) 

Marketable securities

      263        542        4,759   
  

 

 

    

 

 

    

 

 

  

Accumulated other comprehensive income (loss)

    $ (376,979 )    $ (421,477 )    $ (202,203 )