Quarterly report pursuant to Section 13 or 15(d)

Pension Plans

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Pension Plans
 6 Months Ended
Jun. 30, 2012
Pension Plans

Note F — Pension Plans

The following components comprise VF’s pension cost:

 

     Three Months Ended June     Six Months Ended June  
In thousands    2012     2011     2012     2011  

Service cost – benefits earned during the year

    $ 5,794      $ 5,272      $ 11,605      $ 10,454   

Interest cost on projected benefit obligations

      19,249        19,738        38,498        39,443   

Expected return on plan assets

      (20,158 )      (22,442 )      (40,314 )      (44,858 ) 

Amortization of deferred amounts:

         

Net deferred actuarial losses

      17,621        10,779        35,239        21,543   

Deferred prior service cost

      838        864        1,677        1,727   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic pension cost

    $ 23,344      $ 14,211      $ 46,705      $ 28,309   
  

 

 

    

 

 

    

 

 

    

 

 

  

During the first half of 2012, VF contributed $8.4 million to its defined benefit pension plans. VF currently anticipates making $7.5 million of additional contributions during the remainder of 2012.