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Pension Plans | 6 Months Ended
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Jul. 01, 2017
Compensation and Retirement Disclosure [Abstract] |
Pension Plans | 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 | 2017 |  | 2016 |  | 2017 |  | 2016
Service cost – benefits earned during the period | $ | 6,115 |  |  | $ | 6,507 |  |  | $ | 12,531 |  |  | $ | 12,956 |
Interest cost on projected benefit obligations | 14,709 |  |  | 17,041 |  |  | 29,524 |  |  | 34,075 |
Expected return on plan assets | (23,797 | ) |  | (24,926 | ) |  | (47,152 | ) |  | (49,845 | )
Amortization of deferred amounts: |  |  |  |  |  |  |
Net deferred actuarial losses | 10,002 |  |  | 16,319 |  |  | 21,384 |  |  | 32,625 |
Deferred prior service costs | 645 |  |  | 645 |  |  | 1,357 |  |  | 1,292 |
Net periodic pension cost | $ | 7,674 |  |  | $ | 15,586 |  |  | $ | 17,644 |  |  | $ | 31,103 |
VF contributed $4.7 million to its defined benefit plans during the first six months of 2017, and intends to make approximately $10.1 million of additional contributions during the remainder of 2017. In conjunction with the sale of the Licensing Business, the Company recognized a $1.1 million pension curtailment loss in the loss from discontinued operations, net of tax line item in the Consolidated Statement of Income in the first six months of 2017.

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