PENSION PLANS (Tables)

3 Months Ended

Jul. 03, 2021

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 June
(In thousands)	2021		2020
Service cost – benefits earned during the period	$	3,613	$	3,632
Interest cost on projected benefit obligations	9,475		11,948
Expected return on plan assets	(19,385)		(20,539)
Settlement charge	948		—
Amortization of deferred amounts:
Net deferred actuarial losses	2,840		2,863
Deferred prior service credits	(118)		(17)
Net periodic pension cost (income)	$	(2,627)	$	(2,113)

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