Quarterly report pursuant to Section 13 or 15(d)

Pension Plans

v3.7.0.1
Pension Plans
 3 Months Ended
Apr. 01, 2017
Compensation and Retirement Disclosure [Abstract]  
Pension Plans
Pension Plans
The components of pension cost for VF’s defined benefit plans were as follows:
 
Three Months Ended March
In thousands
2017
 
2016
Service cost – benefits earned during the period
$
6,416

 
$
6,449

Interest cost on projected benefit obligations
14,815

 
17,034

Expected return on plan assets
(23,355
)
 
(24,919
)
Amortization of deferred amounts:
 
 
 
Net deferred actuarial losses
11,382

 
16,306

Deferred prior service costs
712

 
647

Net periodic pension cost
$
9,970

 
$
15,517


VF contributed $2.2 million to its defined benefit plans during the first three months of 2017, and intends to make approximately $8.5 million of additional contributions during the remainder of 2017.
In conjunction with the sale of the Licensing Business, the Company recognized a $1.1 million pension curtailment loss in the income (loss) from discontinued operations, net of tax line item in the Consolidated Statement of Income in the first quarter of 2017.