Annual report pursuant to Section 13 and 15(d)

Derivative Financial Instruments And Hedging Activities (Tables)

v2.4.0.6
Derivative Financial Instruments And Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2011
Derivative [Line Items]  
Outstanding Derivatives On Individual Contract Basis
                                 
     Fair Value of Derivatives
with Unrealized Gains
     Fair Value of Derivatives
with Unrealized Losses
 
     December
2011
     December
2010
     December
2011
     December
2010
 
     In thousands  

Foreign exchange contracts designated as hedging instruments

   $ 45,071       $ 18,389       $ 22,406       $ 27,916   

Foreign exchange contracts dedesignated as hedging instruments

     1,245         179         930         899   

Foreign exchange contracts not designated as hedging instruments

     12                 177           
    

 

 

    

 

 

    

 

 

    

 

 

 

Total derivatives

   $ 46,328       $ 18,568       $ 23,513       $ 28,815   
    

 

 

    

 

 

    

 

 

    

 

 

 
Current Or Noncurrent Derivative Assets And Liabilities
                 
     December 2011     December 2010  
     In thousands  

Other current assets

   $ 39,076      $ 15,296   

Accrued current liabilities

     (19,326     (25,440

Other assets (noncurrent)

     7,252        3,272   

Other liabilities (noncurrent)

     (4,187     (3,375
Summary Of The Effects Of Fair Value Hedging Relationships Included In VF's Consolidated Statement of Income
                     

Fair Value

Hedging
Relationships

   Location
of Gain
(Loss) on
Derivatives
Recognized

in Income
   Gain (Loss) on
Derivatives
Recognized in
Income
   Hedged Items
In Fair Value
Hedge
Relationships
   Location of
Gain (Loss)
Recognized
on Related
Hedged Items
   Gain
(Loss)

on Related
Hedged
Items
Recognized
in Income
          In thousands             

 In thousands

2011

                        
           

Foreign exchange

   Miscellaneous
income
   $2,413    Advances —

intercompany

   Miscellaneous

income

   $(3,329)
      (expense)              (expense)     
           

2010

                        
           

Foreign exchange

   Miscellaneous
income
   $17,914    Advances —

intercompany

   Miscellaneous income
(expense)
   $(18,041)
      (expense)                    
Effects Of Cash Flow Hedging Included In Consolidated Statements Of Income And Comprehensive Income
                                     

Cash Flow

Hedging

   Gain (Loss) on
Derivatives

Recognized in OCI
    

Location of

Gain (Loss)

Reclassified from

Accumulated

OCI into Income

   Gain (Loss) Reclassified
from Accumulated

OCI into Income
 

Relationships

   2011      2010         2011      2010  
     In thousands           In thousands  

Foreign exchange

   $ 6,707       $ 14,042       Net sales    $ 6,525       $ (5,907)   
                       Cost of goods sold      (16,958)         10,328   
                       Miscellaneous income (expense)      (8,441)         2,186   

Interest rate

     (48,266)               Interest expense      (2,424)         116   
    

 

 

    

 

 

         

 

 

    

 

 

 

Total

   $ (41,559)       $ 14,042            $ (21,298)       $ 6,723   
    

 

 

    

 

 

         

 

 

    

 

 

 
Not Designated As Hedging Instrument [Member]
 
Derivative [Line Items]  
Summary Of The Effects Of Fair Value Hedging Relationships Included In VF's Consolidated Statement of Income
                     

Derivatives Not

Designated

as Hedges

  

Location of

Gain (Loss)

on Derivatives

Recognized in Income

   Gain (Loss)
on Derivatives
Recognized in Income
 
      2011      2010  
     In thousands              

Foreign exchange

   Miscellaneous income (expense)    $ 3,995       $