Quarterly report pursuant to Section 13 or 15(d)

Pension Plans

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Pension Plans
6 Months Ended
Jun. 30, 2012
Pension Plans

Note F — Pension Plans

The following components comprise VF’s pension cost:

 

     Three Months Ended June     Six Months Ended June  
In thousands    2012     2011     2012     2011  

Service cost – benefits earned during the year

   $ 5,794      $ 5,272      $ 11,605      $ 10,454   

Interest cost on projected benefit obligations

     19,249        19,738        38,498        39,443   

Expected return on plan assets

     (20,158     (22,442     (40,314     (44,858

Amortization of deferred amounts:

        

Net deferred actuarial losses

     17,621        10,779        35,239        21,543   

Deferred prior service cost

     838        864        1,677        1,727   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic pension cost

   $ 23,344      $ 14,211      $ 46,705      $ 28,309   
  

 

 

   

 

 

   

 

 

   

 

 

 

During the first half of 2012, VF contributed $8.4 million to its defined benefit pension plans. VF currently anticipates making $7.5 million of additional contributions during the remainder of 2012.