VF Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Capital and Accumulated Other Comprehensive Income (Loss) (Tables)

Capital and Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 30, 2013

Deferred Components of Other Comprehensive Income (Loss) Reported in Accumulated Other Comprehensive Income (Loss) in Stockholders' Equity Net of Related Income Taxes

The deferred components of other comprehensive income (loss) are reported in accumulated other comprehensive income (loss) in stockholders’ equity, net of related income taxes, as follows:


In thousands	March 2013			December 2012			March 2012
Foreign currency translation	$	(17,866	)	$	(4,068	)	$	(13,487	)
Defined benefit pension plans		(407,679	)		(420,538	)		(345,193	)
Derivative financial instruments		1,924			(29,430	)		(18,562	)
Marketable securities		486			141			263

Accumulated other comprehensive income (loss)	$	(423,135	)	$	(453,895	)	$	(376,979	)

Changes in Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) are as follows:


In thousands	Foreign Currency Translation			Defined Benefit Pension Plans			Derivative Financial Instruments			Marketable Securities		Total
Beginning balance, December 2012	$	(4,068	)	$	(420,538	)	$	(29,430	)	$	141	$	(453,895	)

Other comprehensive income (loss) before reclassifications		(13,798	)		—			33,684			345		20,231
Amounts reclassified from accumulated other comprehensive income (loss)		—			12,859			(2,330	)		—		10,529

Net other comprehensive income (loss)		(13,798	)		12,859			31,354			345		30,760

Ending balance, March 2013	$	(17,866	)	$	(407,679	)	$	1,924		$	486	$	(423,135	)

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

Reclassifications out of accumulated other comprehensive income (loss) are as follows:


Details About Accumulated Other Comprehensive Income (Loss) Components	Affected Line Item in the Consolidated Statements of Income (Loss)	Amount Reclassified From Accumulated Other Comprehensive Income (Loss) Three Months Ended March 2013
Gains and losses on derivative financial instruments:
Foreign exchange contracts	Net sales	$	(155	)
Foreign exchange contracts	Cost of goods sold		3,858
Foreign exchange contracts	Other income (expense), net		1,092
Interest rate contracts	Interest expense		(957	)

	Total before tax		3,838
	Tax benefit (expense)		(1,508	)

	Net of tax	$	2,330

Amortization of defined benefit pension plans:
Net deferred actuarial losses	^(a)	$	(21,362	)
Deferred prior service cost	^(a)		(341	)

	Total before tax		(21,703	)
	Tax benefit (expense)		8,844

	Net of tax		(12,859	)

Total reclassifications for the period	Net of tax	$	(10,529	)

^(a)	These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost (see Note H for additional details).