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PENSION PLANS (Tables) | 3 Months Ended
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Jun. 29, 2024
Retirement Benefits [Abstract] |
Schedule of Components of Pension Cost | The components of pension cost for VF’s defined benefit plans were as follows:
|  | Three Months Ended June |  |  |
(In thousands) |  | 2024 |  |  | 2023 |  |  |  |  |  |
Service cost – benefits earned during the period |  | $ | 2,408 |  |  |  | $ | 2,192 |  |  |  |  |  |  |
Interest cost on projected benefit obligations |  | 11,680 |  |  |  | 11,812 |  |  |  |  |  |  |
Expected return on plan assets |  | (15,296) |  |  |  | (15,877) |  |  |  |  |  |  |
Settlement charge |  | — |  |  |  | 3,292 |  |  |  |  |  |  |
Amortization of deferred amounts: |  |  |  |  |  |  |  |  |  |  |
Net deferred actuarial losses |  | 5,046 |  |  |  | 4,232 |  |  |  |  |  |  |
Deferred prior service credits |  | (144) |  |  |  | (135) |  |  |  |  |  |  |
Net periodic pension cost |  | $ | 3,694 |  |  |  | $ | 5,516 |  |  |  |  |  |  |

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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 -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
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