Quarterly report pursuant to Section 13 or 15(d)

Pension Plans

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Pension Plans
 9 Months Ended
Sep. 27, 2014
Pension Plans

Note G – 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    2014     2013     2014     2013  

Service cost – benefits earned during the period

    $ 6,046      $ 6,346      $ 18,228      $ 19,566   

Interest cost on projected benefit obligations

      20,387        17,988        61,180        54,017   

Expected return on plan assets

      (22,682 )      (23,635 )      (68,060 )      (70,945 ) 

Amortization of deferred amounts:

         

Net deferred actuarial losses

      9,385        21,333        28,158        64,021   

Deferred prior service costs

      1,361        317        4,085        974   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic pension cost

    $ 14,497      $ 22,349      $ 43,591      $ 67,633   
  

 

 

    

 

 

    

 

 

    

 

 

  

During the first nine months of 2014, VF contributed $13.8 million to its defined benefit plans. VF intends to make approximately $6.7 million of additional contributions during the remainder of 2014.