Quarterly report pursuant to Section 13 or 15(d)

Capital and Accumulated Other Comprehensive Income (Loss)

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Capital and Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jul. 02, 2011
Capital and Accumulated Other Comprehensive Income (Loss)  
Capital and Accumulated Other Comprehensive Income (Loss)
Note I — Capital and Accumulated Other Comprehensive Income (Loss)
Common stock outstanding is net of shares held in treasury and, in substance, retired. There were 19,270,341 treasury shares at June 2011, 19,099,644 at December 2010 and 18,022,755 at June 2010. The excess of the cost of treasury shares acquired over the $1 per share stated value of Common Stock is deducted from Retained Earnings. In addition, 241,059 shares of VF Common Stock at June 2011, 246,860 shares at December 2010 and 268,169 shares at June 2010 were held in connection with deferred compensation plans. These shares, having a cost of $10.4 million, $10.7 million and $12.1 million at the respective dates, are treated as treasury shares for financial reporting purposes.
There are 25,000,000 authorized shares of Preferred Stock, $1 par value, of which none are outstanding.
Comprehensive income includes net income and specified components of other comprehensive income ("OCI"). OCI consists of changes in assets and liabilities that are not included in net income under GAAP but are instead deferred and accumulated within a separate component of stockholders' equity in the balance sheet. VF's comprehensive income is presented in the Consolidated Statements of Comprehensive Income. The deferred components of other comprehensive income (loss) are reported, net of related income taxes, in Accumulated Other Comprehensive Income (Loss) in Stockholders' Equity, as follows:
                         
    June     December     June  
In thousands   2011     2010     2010  
Foreign currency translation
  $ 92,861     $ (5,727 )   $ (88,267 )
Defined benefit pension plans
    (251,621 )     (266,125 )     (249,869 )
Derivative financial instruments
    (24,563 )     (1,716 )     21,014  
Marketable securities
    3,540       4,974       2,329  
 
                 
 
                       
Accumulated other comprehensive income (loss)
  $ (179,783 )   $ (268,594 )   $ (314,793 )