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Pension Plans | 6 Months Ended
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Jul. 02, 2016
Pension Plans | Note H – Pension Plans The components of pension cost for VF’s defined benefit plans were as follows:
|  | Three Months Ended June |  |  | Six Months Ended June |
In thousands |  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Service cost – benefits earned during the period |  | $ | 6,507 |  |  | $ | 7,344 |  |  | $ | 12,956 |  |  | $ | 14,679 |
Interest cost on projected benefit obligations |  |  | 17,041 |  |  |  | 19,411 |  |  |  | 34,075 |  |  |  | 38,814 |
Expected return on plan assets |  |  | (24,926 | ) |  |  | (27,779 | ) |  |  | (49,845 | ) |  |  | (55,550 | )
Amortization of deferred amounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net deferred actuarial losses |  |  | 16,319 |  |  |  | 15,495 |  |  |  | 32,625 |  |  |  | 30,992 |
Deferred prior service costs |  |  | 645 |  |  |  | 759 |  |  |  | 1,292 |  |  |  | 1,521 |
Net periodic pension cost |  | $ | 15,586 |  |  | $ | 15,230 |  |  | $ | 31,103 |  |  | $ | 30,456 |
VF contributed $11.1 million to its defined benefit plans during the first six months of 2016, and intends to make approximately $4.0 million of additional contributions during the remainder of 2016. During the second quarter of 2015, VF incurred a $1.6 million settlement charge related to the recognition of deferred actuarial losses resulting from lump sum payments of retirement benefits to participants in VF’s supplemental defined benefit pension plan. No settlement charges were incurred during the first six months of 2016.

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