Quarterly report pursuant to Section 13 or 15(d)

Derivative Financial Instruments And Hedging Activities (Tables)

v2.4.0.6
Derivative Financial Instruments And Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2012
Derivative [Line Items]  
Outstanding Derivatives On Individual Contract Basis
     Fair Value of Derivatives with
Unrealized Gains 		     Fair Value of Derivatives with
Unrealized Losses 		 
In thousands    March
2012 		     December
2011 		     March
2011 		     March
2012 		     December
2011 		     March
2011 		 

Foreign exchange contracts designated as hedging instruments

    $ 25,568       $ 45,071       $ 17,974       $ 13,598       $ 22,406       $ 55,116   

Foreign exchange contracts dedesignated as hedging instruments

      335         1,245        
 797
   
      1,070         930        
 353
   

Foreign exchange contracts not designated as hedging instruments

      132         12         —           265         177         —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total derivatives

    $ 26,035       $ 46,328       $ 18,771       $ 14,933       $ 23,513       $ 55,469   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
Current Or Noncurrent Derivative Assets And Liabilities
In thousands    March
2012 		    December
2011 		    March
2011 		 

Other current assets

    $ 23,874      $ 39,076      $ 16,936   

Accrued current liabilities

      (13,315 )      (19,326 )      (50,265 ) 

Other assets (noncurrent)

      2,161        7,252        1,835   

Other liabilities (noncurrent)

      (1,618 )      (4,187 )      (5,204 ) 
Summary Of The Effects Of Fair Value Hedging Relationships Included In VF's Consolidated Statement Of Income
In thousands  

Location of

Gain (Loss)

on Derivatives

Recognized

in Income

   Gain (Loss)
on  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 		 

Fair Value Hedging Relationships

          

Three months ended March 2012

          

Foreign exchange

   Miscellaneous income (expense)   $ —        Advances – intercompany   Miscellaneous income (expense)   $ —     

Three months ended March 2011

          

Foreign exchange

   Miscellaneous income (expense)   $ (1,230)      Advances – intercompany   Miscellaneous income (expense)   $ 970   
Effects Of Cash Flow Hedging Included In Consolidated Statements Of Income And Comprehensive Income
$(26,182) $(26,182) $(26,182) $(26,182) $(26,182)
In thousands                              

Cash Flow Hedging Relationships

    Gain (Loss) on  Derivatives
Recognized in OCI
Three months ended March 		   

Location of Gain (Loss)

Reclassification From

    Gain (Loss) Reclassified  from
Accumulated OCI into Income
Three months ended March 		 
   2012     2011    

Accumulated OCI into Income

    2012     2011  

Foreign exchange

    $ (7,711 )    $ (26,182 )   

Net sales

    $ 704      $ (396 ) 
      

Cost of goods sold

      314        5,142   
      

Miscellaneous income (expense)

      (667 )      (1,945 ) 
      

Interest expense

      (911 )      29   
  

 

 

    

 

 

       

 

 

    

 

 

  

Total

    $ (7,711 )    $ (26,182 )    Total    $ (560 )    $ 2,830   
  

 

 

    

 

 

       

 

 

    

 

 

  
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
$955 $955 $955

Derivatives Not Designated as Hedges

    Location of Gain
(Loss)  on Derivatives
Recognized in Income 		   Gain (Loss)
on  Derivatives
Recognized in Income 		 
      2012      2011  

Foreign exchange

    Miscellaneous income (expense)    $ 955       $ —