±«ÓãÖ±²¥

Quarterly report pursuant to Section 13 or 15(d)

PENSION PLANS (Tables)

v3.19.3.a.u2
PENSION PLANS (Tables)
9 Months Ended
Dec. 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 December
Ìý
Ìý
Nine Months Ended December
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
$
3,401

Ìý
Ìý
$
6,097

Ìý
Ìý
$
10,192

Ìý
Ìý
$
17,882

Interest cost on projected benefit obligations
Ìý
14,581

Ìý
Ìý
15,807

Ìý
Ìý
44,085

Ìý
Ìý
47,638

Expected return on plan assets
Ìý
(23,176
)
Ìý
Ìý
(23,185
)
Ìý
Ìý
(69,505
)
Ìý
Ìý
(70,216
)
Settlement charges
Ìý
24,943

Ìý
Ìý
662

Ìý
Ìý
25,462

Ìý
Ìý
8,846

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
4,203

Ìý
Ìý
6,676

Ìý
Ìý
12,236

Ìý
Ìý
22,153

Deferred prior service costs (credits)
Ìý
13

Ìý
Ìý
(58
)
Ìý
Ìý
38

Ìý
Ìý
552

Net periodic pension cost (income)
Ìý
$
23,965

Ìý
Ìý
$
5,999

Ìý
Ìý
$
22,508

Ìý
Ìý
$
36,338


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 valuations were reviewed and revised as appropriate. The discount rates used to determine the pension obligations were as follows:
Ìý
Ìý
December 31, 2019
Ìý
Ìý
September 30, 2019
U.S. qualified defined benefit pension plan
Ìý
3.34
%
Ìý
Ìý
N/A

Supplemental defined benefit pension plan
Ìý
3.35
%
Ìý
Ìý
3.23
%