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Quarterly report pursuant to Section 13 or 15(d)

PENSION PLANS (Tables)

v3.22.4
PENSION PLANS (Tables)
 9 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract] Ìý
Schedule of Components of Pension Cost
The components of pension cost (income) for VF’s defined benefit plans were as follows:
Ìý Three Months Ended December Nine Months Ended December
(In thousands) 2022 2021 2022 2021
Service cost – benefits earned during the period $ 2,632Ìý $ 3,547Ìý $ 7,904Ìý $ 10,737Ìý
Interest cost on projected benefit obligations 10,754Ìý 9,332Ìý 34,065Ìý 28,174Ìý
Expected return on plan assets (14,752) (19,347) (48,364) (58,100)
Settlement charges 695Ìý 5,660Ìý 93,597Ìý 6,684Ìý
Amortization of deferred amounts:
Net deferred actuarial losses 3,858Ìý 2,858Ìý 11,532Ìý 8,569Ìý
Deferred prior service credits (112) (117) (335) (352)
Net periodic pension cost (income) $ 3,075Ìý $ 1,933Ìý $ 98,399Ìý $ (4,288)
The amounts reported in these disclosures have not been segregated between continuing and discontinued operations.