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PENSION PLANS | 6 Months Ended
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Sep. 26, 2020
Retirement Benefits [Abstract] |
PENSION PLANS | PENSION PLANS The components of pension cost (income) for VF’s defined benefit plans were as follows:
|  | Three Months Ended September |  |  | Six Months Ended September
(In thousands) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019
Service cost – benefits earned during the period |  | $ | 3,783 |  |  |  | $ | 3,410 |  |  |  | $ | 7,415 |  |  |  | $ | 6,791 |
Interest cost on projected benefit obligations |  | 11,981 |  |  |  | 14,743 |  |  |  | 23,929 |  |  |  | 29,504 |
Expected return on plan assets |  | (20,571) |  |  |  | (23,151) |  |  |  | (41,110) |  |  |  | (46,329) |
Settlement charges |  | 572 |  |  |  | 519 |  |  |  | 572 |  |  |  | 519 |
Amortization of deferred amounts: |  |  |  |  |  |  |  |  |  |  |
Net deferred actuarial losses |  | 2,898 |  |  |  | 4,014 |  |  |  | 5,761 |  |  |  | 8,033 |
Deferred prior service costs (credits) |  | (17) |  |  |  | 12 |  |  |  | (34) |  |  |  | 25 |
Net periodic pension cost (income) |  | $ | (1,354) |  |  |  | $ | (453) |  |  |  | $ | (3,467) |  |  |  | $ | (1,457) |
The amounts reported in these disclosures have not been segregated between continuing and discontinued operations. VF has reported the service cost component of net periodic pension cost (income) in operating income and the other components, which include interest cost, expected return on plan assets, settlement charges and amortization of deferred actuarial losses and prior service costs (credits), in the other income (expense), net line item in the Consolidated Statements of Operations. VF contributed $4.5 million to its defined benefit plans during the six months ended September 2020, and intends to make approximately $13.9 million of contributions during the remainder of Fiscal 2021.

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