Quarterly report pursuant to Section 13 or 15(d)

PENSION PLANS

v3.20.2
PENSION PLANS
 6 Months Ended
Sep. 26, 2020
Retirement Benefits [Abstract]  
PENSION PLANS PENSION PLANS
The components of pension cost (income) for VF’s defined benefit plans were as follows:
  Three Months Ended September Six Months Ended September
(In thousands) 2020 2019 2020 2019
Service cost – benefits earned during the period $ 3,783  $ 3,410  $ 7,415  $ 6,791 
Interest cost on projected benefit obligations 11,981  14,743  23,929  29,504 
Expected return on plan assets (20,571) (23,151) (41,110) (46,329)
Settlement charges 572  519  572  519 
Amortization of deferred amounts:
Net deferred actuarial losses 2,898  4,014  5,761  8,033 
Deferred prior service costs (credits) (17) 12  (34) 25 
Net periodic pension cost (income) $ (1,354) $ (453) $ (3,467) $ (1,457)
The amounts reported in these disclosures have not been segregated between continuing and discontinued operations.
VF has reported the service cost component of net periodic pension cost (income) in operating income and the other components, which include interest cost, expected return on plan assets, settlement charges and amortization of deferred actuarial losses and prior service costs (credits), in the other income (expense), net line item in the Consolidated Statements of Operations.
VF contributed $4.5 million to its defined benefit plans during the six months ended September 2020, and intends to make approximately $13.9 million of contributions during the remainder of Fiscal 2021.