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PENSION PLANS (Tables) | 9 Months Ended
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Jan. 01, 2022
Retirement Benefits [Abstract] |
Components of Pension Cost | The components of pension cost (income) for VF’s defined benefit plans were as follows:
|  | Three Months Ended December |  |  | Nine Months Ended December
(In thousands) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020
Service cost – benefits earned during the period |  | $ | 3,547 |  |  |  | $ | 3,837 |  |  |  | $ | 10,737 |  |  |  | $ | 11,252 |
Interest cost on projected benefit obligations |  | 9,332 |  |  |  | 11,764 |  |  |  | 28,174 |  |  |  | 35,693 |
Expected return on plan assets |  | (19,347) |  |  |  | (20,586) |  |  |  | (58,100) |  |  |  | (61,696) |
Settlement charges |  | 5,660 |  |  |  | 544 |  |  |  | 6,684 |  |  |  | 1,116 |
Amortization of deferred amounts: |  |  |  |  |  |  |  |  |  |  |
Net deferred actuarial losses |  | 2,858 |  |  |  | 3,020 |  |  |  | 8,569 |  |  |  | 8,781 |
Deferred prior service credits |  | (117) |  |  |  | (19) |  |  |  | (352) |  |  |  | (53) |
Net periodic pension cost (income) |  | $ | 1,933 |  |  |  | $ | (1,440) |  |  |  | $ | (4,288) |  |  |  | $ | (4,907) |
The amounts reported in these disclosures have not been segregated between continuing and discontinued operations.

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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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