±«ÓãÖ±²¥

Quarterly report pursuant to Section 13 or 15(d)

PENSION PLANS (Tables)

v3.19.3
PENSION PLANS (Tables)
6 Months Ended
Sep. 28, 2019
Retirement Benefits [Abstract] Ìý
Components of Pension Cost
The components of pension cost (income) for ±«ÓãÖ±²¥â€™s defined benefit plans were as follows:
Ìý
Ìý
Three Months Ended September
Ìý
Ìý
Six Months Ended September
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
(In thousands)
Ìý
2019
Ìý
Ìý
2018
Ìý
Ìý
2019
Ìý
Ìý
2018
Service cost – benefits earned during the period
Ìý
$
3,410

Ìý
Ìý
$
5,561

Ìý
Ìý
$
6,791

Ìý
Ìý
$
11,785

Interest cost on projected benefit obligations
Ìý
14,743

Ìý
Ìý
15,818

Ìý
Ìý
29,504

Ìý
Ìý
31,831

Expected return on plan assets
Ìý
(23,151
)
Ìý
Ìý
(23,197
)
Ìý
Ìý
(46,329
)
Ìý
Ìý
(47,031
)
Settlement charges
Ìý
519

Ìý
Ìý
1,342

Ìý
Ìý
519

Ìý
Ìý
8,184

Curtailments
Ìý
—

Ìý
Ìý
—

Ìý
Ìý
—

Ìý
Ìý
9,483

Amortization of deferred amounts:
Ìý
Ìý
Ìý
Ìý

Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Net deferred actuarial losses
Ìý
4,014

Ìý
Ìý
6,655

Ìý
Ìý
8,033

Ìý
Ìý
15,477

Deferred prior service costs (credits)
Ìý
12

Ìý
Ìý
(59
)
Ìý
Ìý
25

Ìý
Ìý
610

Net periodic pension cost (income)
Ìý
$
(453
)
Ìý
Ìý
$
6,120

Ìý
Ìý
$
(1,457
)
Ìý
Ìý
$
30,339


The amounts reported in these disclosures for prior periods have not been segregated between continuing and discontinued operations.

Actuarial Assumptions Used in Valuation
Actuarial assumptions used in the interim valuation were reviewed and revised as appropriate. The discount rate used to determine the pension obligation was as follows:
Ìý
Ìý
September 2019
Ìý
Supplemental defined benefit pension plan
Ìý
3.23
%
Ìý