V F CORP
For the period ended Jun 27, 2026. Filed Jul 29, 2026.
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Jun 27, 2026 · Filed Jul 29, 2026
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Pension Plans
NOTE 10 —PENSION PLANS
The components of pension cost for VF’s defined benefit plans were as follows:
| Three Months Ended June | ||
|---|---|---|
| (In thousands) | 2026 | 2025 |
| Service cost – benefits earned during the period | $2,186 | $2,513 |
| Interest cost on projected benefit obligations | 1,751 | 11,147 |
| Expected return on plan assets | (1,465) | (15,007) |
| Curtailments | — | (531) |
| Amortization of deferred amounts: | ||
| Net deferred actuarial losses | 310 | 4,871 |
| Deferred prior service credits | (159) | (153) |
| Net periodic pension cost | $2,623 | $2,840 |
In May 2025, VF executed a resolution to terminate the U.S. qualified pension plan, which was previously frozen and no longer accruing benefits. In February 2026, the Company completed the termination of the plan through a combination of lump-sum payments to eligible participants and the purchase of group annuity contracts to settle the remaining benefit obligations.
VF has reported the service cost component of net periodic pension cost in operating loss and the other components, which include interest cost, expected return on plan assets, curtailments and amortization of deferred actuarial losses and prior service credits, in the other income (expense), net line item in the Consolidated Statements of Operations.
VF contributed $1.3 million to its defined benefit plans during the three months ended June 2026, and intends to make approximately $13.5 million of contributions during the remainder of Fiscal 2027.
VF recorded $0.5 million in curtailment gains in the other income (expense), net line item in the Consolidated Stat ement of Operations for the three months ended June 2025, related to employee exits from an international plan resulting from restructuring actions.
13 VF Corporation Q1 FY27 Form 10-Q
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