Quarterly report pursuant to Section 13 or 15(d)

Derivative Financial Instruments And Hedging Activities (Tables)

v2.4.0.6
Derivative Financial Instruments And Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2012
Derivative [Line Items]  
Outstanding Derivatives On Individual Contract Basis
     Fair Value of Derivatives with
Unrealized Gains
     Fair Value of Derivatives with
Unrealized Losses
 
In thousands    March
2012
     December
2011
     March
2011
     March
2012
     December
2011
     March
2011
 

Foreign exchange contracts designated as hedging instruments

   $ 25,568       $ 45,071       $ 17,974       $ 13,598       $ 22,406       $ 55,116   

Foreign exchange contracts dedesignated as hedging instruments

     335         1,245        
797
  
     1,070         930        
353
  

Foreign exchange contracts not designated as hedging instruments

     132         12         —           265         177         —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total derivatives

   $ 26,035       $ 46,328       $ 18,771       $ 14,933       $ 23,513       $ 55,469   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Current Or Noncurrent Derivative Assets And Liabilities
In thousands    March
2012
    December
2011
    March
2011
 

Other current assets

   $ 23,874      $ 39,076      $ 16,936   

Accrued current liabilities

     (13,315     (19,326     (50,265

Other assets (noncurrent)

     2,161        7,252        1,835   

Other liabilities (noncurrent)

     (1,618     (4,187     (5,204
Summary Of The Effects Of Fair Value Hedging Relationships Included In VF's Consolidated Statement Of Income
In thousands  

Location of

Gain (Loss)

on Derivatives

Recognized

in Income

  Gain (Loss)
on  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
 

Fair Value Hedging Relationships

         

Three months ended March 2012

         

Foreign exchange

  Miscellaneous income (expense)   $ —        Advances – intercompany   Miscellaneous income (expense)   $ —     

Three months ended March 2011

         

Foreign exchange

  Miscellaneous income (expense)   $ (1,230)      Advances – intercompany   Miscellaneous income (expense)   $ 970   
Effects Of Cash Flow Hedging Included In Consolidated Statements Of Income And Comprehensive Income
$(26,182) $(26,182) $(26,182) $(26,182) $(26,182)
In thousands                              

Cash Flow Hedging Relationships

   Gain (Loss) on  Derivatives
Recognized in OCI
Three months ended March
   

Location of Gain (Loss)

Reclassification From

   Gain (Loss) Reclassified  from
Accumulated OCI into Income
Three months ended March
 
   2012     2011    

Accumulated OCI into Income

   2012     2011  

Foreign exchange

   $ (7,711   $ (26,182  

Net sales

   $ 704      $ (396
      

Cost of goods sold

     314        5,142   
      

Miscellaneous income (expense)

     (667     (1,945
      

Interest expense

     (911     29   
  

 

 

   

 

 

      

 

 

   

 

 

 

Total

   $ (7,711   $ (26,182   Total    $ (560   $ 2,830   
  

 

 

   

 

 

      

 

 

   

 

 

 
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
$955 $955 $955

Derivatives Not Designated as Hedges

   Location of Gain
(Loss)  on Derivatives
Recognized in Income
   Gain (Loss)
on  Derivatives
Recognized in Income
 
      2012      2011  

Foreign exchange

   Miscellaneous income (expense)    $ 955       $ —