PENSION PLANS (Tables)

9 Months Ended

Jan. 01, 2022

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)	2021		2020		2021		2020
Service cost – benefits earned during the period	$	3,547	$	3,837	$	10,737	$	11,252
Interest cost on projected benefit obligations	9,332		11,764		28,174		35,693
Expected return on plan assets	(19,347)		(20,586)		(58,100)		(61,696)
Settlement charges	5,660		544		6,684		1,116
Amortization of deferred amounts:
Net deferred actuarial losses	2,858		3,020		8,569		8,781
Deferred prior service credits	(117)		(19)		(352)		(53)
Net periodic pension cost (income)	$	1,933	$	(1,440)	$	(4,288)	$	(4,907)

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