Quarterly report pursuant to Section 13 or 15(d)

Pension Plans

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Pension Plans
 6 Months Ended
Jun. 28, 2014
Pension Plans

Note G – Pension Plans

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

 

     Three Months Ended June     Six Months Ended June  
In thousands    2014     2013     2014     2013  

Service cost – benefits earned during the period

    $ 6,097      $ 6,327      $ 12,182      $ 13,220   

Interest cost on projected benefit obligations

      20,404        17,978        40,793        36,029   

Expected return on plan assets

      (22,697 )      (23,628 )      (45,378 )      (47,310 ) 

Amortization of deferred amounts:

         

Net deferred actuarial losses

      9,389        21,326        18,773        42,688   

Deferred prior service costs

      1,362        316        2,724        657   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic pension cost

    $ 14,555      $ 22,319      $ 29,094      $ 45,284   
  

 

 

    

 

 

    

 

 

    

 

 

  

 

During the first six months of 2014, VF contributed $11.4 million to its defined benefit plans. VF intends to make approximately $9.1 million of additional contributions during the remainder of 2014.