Quarterly report pursuant to Section 13 or 15(d)

Pension Plans

v2.4.0.8
Pension Plans
 9 Months Ended
Sep. 28, 2013
Pension Plans

Note H — Pension Plans

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

 

     Three Months Ended September     Nine Months Ended September  
In thousands    2013     2012     2013     2012  

Service cost – benefits earned during the period

    $ 6,346      $ 5,755      $ 19,566      $ 17,360   

Interest cost on projected benefit obligations

      17,988        19,236        54,017        57,734   

Expected return on plan assets

      (23,635 )      (20,148 )      (70,945 )      (60,462 ) 

Amortization of deferred amounts:

         

Net deferred actuarial losses

      21,333        17,617        64,021        52,856   

Deferred prior service cost

      317        837        974        2,514   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic pension cost

    $ 22,349      $ 23,297      $ 67,633      $ 70,002   
  

 

 

    

 

 

    

 

 

    

 

 

  

 

During the first nine months of 2013, VF contributed $113.3 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 $6.5 million of additional contributions during the remainder of 2013.