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CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | 12 Months Ended
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Dec. 30, 2017
Equity [Abstract] |
CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Common Stock During 2017, the Company purchased 22.2 million shares of Common Stock in open market transactions for $1.2 billion under its share repurchase program authorized by VF’s Board of Directors. These transactions were treated as treasury stock transactions. Common Stock outstanding is net of shares held in treasury which are, in substance, retired. During 2017, 2016 and 2015, VF restored 22.3 million, 16.1 million and 10.1 million treasury shares, respectively, to an unissued status, after which they were no longer recognized as shares held in treasury. There were no shares held in treasury at the end of 2017, 2016 or 2015. The excess of the cost of treasury shares acquired over the $0.25 per share stated value of Common Stock is deducted from retained earnings. VF Common Stock is also held by the Company’s deferred compensation plans (Note N) and is treated as treasury shares for financial reporting purposes. During 2017, the Company purchased 6,540 shares of Common Stock in open market transactions for $0.4 million. Balances related to shares held for deferred compensation plans are as follows:
(In thousands, except share amounts) |  | 2017 |  |  | 2016 |  | 2015
Shares held for deferred compensation plans |  | 317,515 |  |  |  | 439,667 |  |  | 562,649 |
Cost of shares held for deferred compensation plans |  | $ | 3,901 |  |  |  | $ | 5,464 |  |  | $ | 6,823 |
Accumulated Other Comprehensive Income (Loss) Comprehensive income consists of net income and specified components of OCI, which relates to changes in assets and liabilities that are not included in net income under GAAP but are instead deferred and accumulated within a separate component of stockholders’ equity in the balance sheet. VF’s comprehensive income is presented in the Consolidated Statements of Comprehensive Income. The deferred components of OCI are reported, net of related income taxes, in accumulated OCI in stockholders’ equity, as follows:
(In thousands) |  | 2017 |  |  | 2016
Foreign currency translation and other |  | $ | (546,201 | ) |  |  | $ | (794,579 | )
Defined benefit pension plans |  | (291,949 | ) |  |  | (302,697 | )
Derivative financial instruments |  | (87,990 | ) |  |  | 55,813 |
Accumulated other comprehensive income (loss) |  | $ | (926,140 | ) |  |  | $ | (1,041,463 | )
The changes in accumulated OCI, net of related taxes, are as follows:
(In thousands) | Foreign Currency Translation and Other |  | Defined Benefit Pension Plans |  | Derivative Financial Instruments |  | Marketable Securities |  | Total
Balance, December 2014 | $ | (356,941 | ) |  | $ | (377,134 | ) |  | $ | 31,389 |  |  | $ | 414 |  |  | $ | (702,272 | )
Other comprehensive income (loss) before reclassifications | (361,228 | ) |  | (37,238 | ) |  | 55,325 |  |  | 300 |  |  | (342,841 | )
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 42,177 |  |  | (39,572 | ) |  | (714 | ) |  | 1,891 |
Net other comprehensive income (loss) | (361,228 | ) |  | 4,939 |  |  | 15,753 |  |  | (414 | ) |  | (340,950 | )
Balance, December 2015 | (718,169 | ) |  | (372,195 | ) |  | 47,142 |  |  | — |  |  | (1,043,222 | )
Other comprehensive income (loss) before reclassifications | (76,410 | ) |  | (4,357 | ) |  | 81,036 |  |  | — |  |  | 269 |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 73,855 |  |  | (72,365 | ) |  | — |  |  | 1,490 |
Net other comprehensive income (loss) | (76,410 | ) |  | 69,498 |  |  | 8,671 |  |  | — |  |  | 1,759 |
Balance, December 2016 | (794,579 | ) |  | (302,697 | ) |  | 55,813 |  |  | — |  |  | (1,041,463 | )
Other comprehensive income (loss) before reclassifications | 248,378 |  |  | (17,970 | ) |  | (123,080 | ) |  | — |  |  | 107,328 |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | 28,718 |  |  | (20,723 | ) |  | — |  |  | 7,995 |
Net other comprehensive income (loss) | 248,378 |  |  | 10,748 |  |  | (143,803 | ) |  | — |  |  | 115,323 |
Balance, December 2017 | $ | (546,201 | ) |  | $ | (291,949 | ) |  | $ | (87,990 | ) |  | $ | — |  |  | $ | (926,140 | )
Reclassifications out of accumulated OCI are as follows:
| (In thousands) Details About Accumulated Other Comprehensive Income (Loss) Components | Affected Line Item in the Consolidated Statements of Income |  |  | 2017 |  |  | 2016 |  | 2015
| Amortization of defined benefit pension plans: |  |  |  |  |  |  |  |  |
| Net deferred actuarial losses | (a) |  |  | $ | (41,440 | ) |  |  | $ | (65,212 | ) |  | $ | (61,966 | )
| Deferred prior service costs | (a) |  |  | (2,646 | ) |  |  | (2,584 | ) |  | (3,038 | )
| Pension settlement charges | Selling, general and administrative expenses |  |  | — |  |  |  | (50,922 | ) |  | (4,062 | )
| Pension curtailment loss | Income (loss) from discontinued operations, net of tax |  |  | (1,105 | ) |  |  | — |  |  | — |
| Pension curtailment loss | Selling, general and administrative expenses |  |  | (566 | ) |  |  | — |  |  | — |
|  | Total before tax |  |  | (45,757 | ) |  |  | (118,718 | ) |  | (69,066 | )
|  | Tax benefit |  |  | 17,039 |  |  |  | 44,863 |  |  | 26,889 |
|  | Net of tax |  |  | (28,718 | ) |  |  | (73,855 | ) |  | (42,177 | )
| Gains (losses) on derivative financial instruments: |  |  |  |  |  |  |  |  |
| Foreign exchange contracts | Net sales |  |  | 33,641 |  |  |  | 28,798 |  |  | (68,543 | )
| Foreign exchange contracts | Cost of goods sold |  |  | 610 |  |  |  | 84,613 |  |  | 132,432 |
| Foreign exchange contracts | Selling, general and administrative expenses |  |  | (3,610 | ) |  |  | (4,314 | ) |  | (1,885 | )
| Foreign exchange contracts | Other income (expense), net |  |  | (1,851 | ) |  |  | 2,864 |  |  | 7,267 |
| Interest rate contracts | Interest expense |  |  | (4,723 | ) |  |  | (4,504 | ) |  | (4,295 | )
|  | Total before tax |  |  | 24,067 |  |  |  | 107,457 |  |  | 64,976 |
|  | Tax expense |  |  | (3,344 | ) |  |  | (35,092 | ) |  | (25,404 | )
|  | Net of tax |  |  | 20,723 |  |  |  | 72,365 |  |  | 39,572 |
| Gains (losses) on sale of marketable securities: | Other income (expense), net |  |  | — |  |  |  | — |  |  | 1,177 |
|  | Tax expense |  |  | — |  |  |  | — |  |  | (463 | )
|  | Net of tax |  |  | — |  |  |  | — |  |  | 714 |
| Total reclassifications for the year | Net of tax |  |  | $ | (7,995 | ) |  |  | $ | (1,490 | ) |  | $ | (1,891 | )
(a) | These accumulated OCI components are included in the computation of net periodic pension cost (refer to Note N for additional details).

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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