Quarterly report pursuant to Section 13 or 15(d)

Pension Plans

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Pension Plans
 3 Months Ended
Mar. 30, 2013
Pension Plans

Note H — Pension Plans

The components of pension cost for VF’s defined benefit plans were as follows:

 

     Three Months Ended
March		  
In thousands    2013     2012  

Service cost — benefits earned during the period

    $ 6,893      $ 5,811   

Interest cost on projected benefit obligations

      18,051        19,249   

Expected return on plan assets

      (23,682 )      (20,156 ) 

Amortization of deferred amounts:

     

Net deferred actuarial losses

      21,362        17,618   

Deferred prior service cost

      341        839   
  

 

 

    

 

 

  

Net periodic pension cost

    $ 22,965      $ 23,361   
  

 

 

    

 

 

  

 

During the first three months of 2013, VF contributed $109.8 million to its defined benefit plans, which included a $100.0 million discretionary contribution to its domestic defined benefit plan. VF intends to make approximately $11.0 million of additional contributions during the remainder of 2013.