±«ÓãÖ±²¥

Annual report pursuant to Section 13 and 15(d)

RETIREMENT AND SAVINGS BENEFIT PLANS - Reconciliation of Changes in Fair Value of Defined Benefit Plan Assets and Projected Benefit Obligations (Details)

v3.20.1
RETIREMENT AND SAVINGS BENEFIT PLANS - Reconciliation of Changes in Fair Value of Defined Benefit Plan Assets and Projected Benefit Obligations (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 28, 2020
Mar. 30, 2019
Dec. 30, 2017
Amounts included in Consolidated Balance Sheets: Ìý Ìý Ìý Ìý
Other assets (Note 11) Ìý $ 166,955 $ 117,405 Ìý
Accrued liabilities (Note 13) Ìý (10,449) (10,260) Ìý
Other liabilities (Note 15) Ìý (170,507) (163,963) Ìý
Pension Plan Ìý Ìý Ìý Ìý
Fair value of plan assets Ìý Ìý Ìý Ìý
Fair value of plan assets, beginning of period Ìý 1,751,094 1,751,760 Ìý
Actual return on plan assets Ìý 173,261 82,947 Ìý
±«ÓãÖ±²¥ contributions Ìý 26,372 41,581 Ìý
Participant contributions Ìý 4,298 4,136 Ìý
Transfer to Kontoor Brands Ìý (6,697) 0 Ìý
Benefits paid Ìý (233,398) (118,513) Ìý
Currency translation Ìý (2,155) (10,817) Ìý
Fair value of plan assets, end of period $ 1,751,760 1,712,775 1,751,094 Ìý
Projected benefit obligations Ìý Ìý Ìý Ìý
Projected benefit obligations, beginning of period Ìý 1,818,931 1,884,485 Ìý
Service cost 5,912 14,476 22,352 $ 24,890
Interest cost 14,825 55,575 63,434 $ 58,989
Participant contributions Ìý 4,298 4,136 Ìý
Actuarial loss (gain) Ìý 84,057 10,653 Ìý
Benefits paid Ìý (233,398) (118,513) Ìý
Plan amendments Ìý 655 715 Ìý
Transfer to Kontoor Brands Ìý (17,279) 0 Ìý
Curtailments Ìý 0 (33,826) Ìý
Currency translation Ìý (539) (14,505) Ìý
Projected benefit obligations, end of period $ 1,884,485 1,726,776 1,818,931 Ìý
Funded status, end of period Ìý (14,001) (67,837) Ìý
Amounts included in Consolidated Balance Sheets: Ìý Ìý Ìý Ìý
Other assets (Note 11) Ìý 166,955 117,405 Ìý
Accrued liabilities (Note 13) Ìý (10,449) (10,260) Ìý
Other liabilities (Note 15) Ìý (170,507) (174,982) Ìý
Funded status Ìý (14,001) (67,837) Ìý
Accumulated other comprehensive loss, pretax: Ìý Ìý Ìý Ìý
Net deferred actuarial losses Ìý 357,989 399,093 Ìý
Net deferred prior service credits Ìý (733) 563 Ìý
Total accumulated other comprehensive loss, pretax Ìý 357,256 399,656 Ìý
Accumulated benefit obligations Ìý $ 1,703,224 $ 1,778,910 Ìý
Weighted average actuarial assumptions used to determine pension obligations: Ìý Ìý Ìý Ìý
Discount rate Ìý 3.18% 3.68% Ìý
Rate of compensation increase (a) Ìý 2.22% 2.74% Ìý
Spinoff | Pension Plan Ìý Ìý Ìý Ìý
Accumulated other comprehensive loss, pretax: Ìý Ìý Ìý Ìý
Accumulated benefit obligations Ìý Ìý $ 11,000 Ìý