Annual report pursuant to Section 13 and 15(d)

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

v2.4.0.8
Capital and Accumulated Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 28, 2013
Shares Held for Deferred Compensation Plans

In addition, VF Common Stock is held by the Company’s deferred compensation plans (Note M) and is treated as treasury shares for financial reporting purposes, as follows:

2013 2012 2011
In millions, except share amounts

Shares held for deferred compensation plans

704,104 749,824 953,100

Cost of shares held for deferred compensation plans

$ 8.4 $ 8.8 $ 11.0
Deferred Components of Other Comprehensive Income (Loss) Reported, Net of Related Income Taxes, in Accumulated Other Comprehensive Income (Loss) in Stockholders' Equity

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

2013 2012
In thousands

Foreign currency translation

$ 106,647 $ (4,068 )

Defined benefit pension plans

(277,451 ) (420,538 )

Derivative financial instruments

(41,754 ) (29,430 )

Marketable securities

838 141

Accumulated other comprehensive income (loss)

$ (211,720 ) $ (453,895 )

Changes in Accumulated Other Comprehensive Income (Loss), Net of Related Taxes

The changes in accumulated other comprehensive income (loss), net of related taxes, are as follows:

December 2013
Foreign Defined Derivative
Currency Benefit Financial Marketable
Translation Pension Plans Instruments Securities Total
In thousands

Balance, December 2012

$ (4,068 ) $ (420,538 ) $ (29,430 ) $ 141 $ (453,895 )

Other comprehensive income (loss) before reclassifications

110,715 89,873 (4,937 ) 697 196,348

Amounts reclassified from accumulated other comprehensive income (loss)

53,214 (7,387 ) 45,827

Net other comprehensive income (loss)

110,715 143,087 (12,324 ) 697 242,175

Balance, December 2013

$ 106,647 $ (277,451 ) $ (41,754 ) $ 838 $ (211,720 )

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)

   December 2013  
          In thousands  

Amortization of defined benefit pension plans:

     

Net deferred actuarial losses

   (a)    $ (85,356

Deferred prior service costs

   (a)      (1,270
     

 

 

 
   Total before tax      (86,626
   Tax benefit (expense)      33,412   
     

 

 

 
   Net of tax    $ (53,214
     

 

 

 

Gains (losses) on derivative financial instruments:

     

Foreign exchange contracts

   Net sales    $ 12,917   

Foreign exchange contracts

   Cost of goods sold      4,208   

Foreign exchange contracts

   Other income (expense), net      (1,051

Interest rate contracts

   Interest expense      (3,905
     

 

 

 
   Total before tax      12,169   
   Tax benefit (expense)      (4,782
     

 

 

 
   Net of tax      7,387   
     

 

 

 

Total reclassifications for the year

   Net of tax    $ (45,827
     

 

 

 

 

(a) 

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