PENSION PLANS (Tables)

9 Months Ended

Dec. 26, 2020

Retirement Benefits [Abstract]

Components of Pension Cost

The components of pension cost (income) for VF’s defined benefit plans were as follows:

	Three Months Ended December				Nine Months Ended December
(In thousands)	2020		2019		2020		2019
Service cost – benefits earned during the period	$	3,837	$	3,401	$	11,252	$	10,192
Interest cost on projected benefit obligations	11,764		14,581		35,693		44,085
Expected return on plan assets	(20,586)		(23,176)		(61,696)		(69,505)
Settlement charges	544		24,943		1,116		25,462
Amortization of deferred amounts:
Net deferred actuarial losses	3,020		4,203		8,781		12,236
Deferred prior service costs (credits)	(19)		13		(53)		38
Net periodic pension cost (income)	$	(1,440)	$	23,965	$	(4,907)	$	22,508

The amounts reported in these disclosures have not been segregated between continuing and discontinued operations.