Quarterly report pursuant to Section 13 or 15(d)

PENSION PLANS (Tables)

v3.10.0.1
PENSION PLANS (Tables)
 6 Months Ended
Sep. 29, 2018
Retirement Benefits [Abstract]  
Components of Pension Cost
The components of pension cost for VF’s defined benefit plans were as follows:
 
 
Three Months Ended September
 
 
Six Months Ended September
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
2018
 
 
2017
 
 
2018
 
 
2017
Service cost – benefits earned during the period
 
$
5,561

 
 
$
6,202

 
 
$
11,785

 
 
$
12,317

Interest cost on projected benefit obligations
 
15,818

 
 
14,730

 
 
31,831

 
 
29,439

Expected return on plan assets
 
(23,197
)
 
 
(23,825
)
 
 
(47,031
)
 
 
(47,622
)
Pension settlement charges
 
1,342

 
 
—

 
 
8,184

 
 
—

Pension curtailment losses
 
—

 
 
—

 
 
9,483

 
 
—

Amortization of deferred amounts:
 
 
 
 
 
 
 
 
 
 
 
Net deferred actuarial losses
 
6,655

 
 
10,030

 
 
15,477

 
 
20,032

Deferred prior service costs (credits)
 
(59
)
 
 
643

 
 
610

 
 
1,288

Net periodic pension cost
 
$
6,120

 
 
$
7,780

 
 
$
30,339

 
 
$
15,454


The amounts reported in these disclosures have not been segregated between continuing and discontinued operations.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
Actuarial assumptions used in the interim valuations were reviewed and revised as appropriate. The discount rates used to determine pension obligations were as follows:
 
 
September 2018
 
 
June 2018
 
April 2018
U.S. qualified defined benefit pension plan
 
N/A

 
 
4.25
%
 
N/A

Supplemental defined benefit pension plan
 
4.29
%
 
 
4.24
%
 
4.22
%