PENSION PLANS (Tables)

3 Months Ended

Jul. 01, 2023

Retirement Benefits [Abstract]

Schedule of Components of Pension Cost

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

	Three Months Ended June
(In thousands)	2023		2022
Service cost – benefits earned during the period	$	2,192	$	2,646
Interest cost on projected benefit obligations	11,812		12,631
Expected return on plan assets	(15,877)		(18,860)
Settlement charges	3,292		91,761
Amortization of deferred amounts:
Net deferred actuarial losses	4,232		3,721
Deferred prior service credits	(135)		(112)
Net periodic pension cost	$	5,516	$	91,787