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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)

v3.21.1
RETIREMENT AND SAVINGS BENEFIT PLANS - Reconciliation of Changes in Fair Value of Defined Benefit Plan Assets and Projected Benefit Obligations (Details) - USD ($)
$ in Thousands
12 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Mar. 30, 2019
Amounts included in Consolidated Balance Sheets: Ìý Ìý Ìý
Other assets (Note 11) $ 197,484 $ 166,955 Ìý
Accrued liabilities (Note 13) (17,030) (10,449) Ìý
Other liabilities (Note 15) (166,750) (170,507) Ìý
Qualified Plan Ìý Ìý Ìý
Fair value of plan assets Ìý Ìý Ìý
Benefits paid Ìý (130,000) Ìý
Projected benefit obligations Ìý Ìý Ìý
Benefits paid Ìý 130,000 Ìý
Pension Plan Ìý Ìý Ìý
Fair value of plan assets Ìý Ìý Ìý
Fair value of plan assets, beginning of period 1,712,775 1,751,094 Ìý
Actual return on plan assets 110,467 173,261 Ìý
±«ÓãÖ±²¥ contributions 17,714 26,372 Ìý
Participant contributions 4,434 4,298 Ìý
Transfer to Kontoor Brands 0 (6,697) Ìý
Benefits paid (101,753) (233,398) Ìý
Currency translation 11,777 (2,155) Ìý
Fair value of plan assets, end of period 1,755,414 1,712,775 $ 1,751,094
Projected benefit obligations Ìý Ìý Ìý
Projected benefit obligations, beginning of period 1,726,776 1,818,931 Ìý
Service cost 15,747 14,476 22,352
Interest cost 47,316 55,575 63,434
Participant contributions 4,434 4,298 Ìý
Actuarial loss 40,264 84,057 Ìý
Benefits paid (101,753) (233,398) Ìý
Plan amendments (3,098) 655 Ìý
Transfer to Kontoor Brands 0 (17,279) Ìý
Curtailments (729) 0 Ìý
Currency translation 12,753 (539) Ìý
Projected benefit obligations, end of period 1,741,710 1,726,776 $ 1,818,931
Funded status, end of period 13,704 (14,001) Ìý
Benefits paid 101,753 233,398 Ìý
Amounts included in Consolidated Balance Sheets: Ìý Ìý Ìý
Other assets (Note 11) 197,484 166,955 Ìý
Accrued liabilities (Note 13) (17,030) (10,449) Ìý
Other liabilities (Note 15) (166,750) (170,507) Ìý
Funded status 13,704 (14,001) Ìý
Accumulated other comprehensive loss, pretax: Ìý Ìý Ìý
Net deferred actuarial losses 358,916 357,989 Ìý
Net deferred prior service credits (4,588) (733) Ìý
Total accumulated other comprehensive loss, pretax 354,328 357,256 Ìý
Accumulated benefit obligations $ 1,710,678 $ 1,703,224 Ìý
Weighted average actuarial assumptions used to determine pension obligations: Ìý Ìý Ìý
Discount rate 294.00% 318.00% Ìý
Rate of compensation increase 230.00% 222.00% Ìý