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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)

v3.22.1
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. 02, 2022
Apr. 03, 2021
Mar. 28, 2020
Amounts included in Consolidated Balance Sheets: Ìý Ìý Ìý
Other assets (Note 11) $ 213,820 $ 197,484 Ìý
Accrued liabilities (Note 13) (16,927) (17,030) Ìý
Other liabilities (Note 15) (111,173) (166,750) Ìý
Pension Plan Ìý Ìý Ìý
Fair value of plan assets Ìý Ìý Ìý
Fair value of plan assets, beginning of period 1,755,414 1,712,775 Ìý
Actual return on plan assets (26,855) 110,467 Ìý
±«ÓãÖ±²¥ contributions 34,035 17,714 Ìý
Participant contributions 5,026 4,434 Ìý
Benefits paid (118,389) (101,753) Ìý
Currency translation (5,796) 11,777 Ìý
Fair value of plan assets, end of period 1,643,435 1,755,414 $ 1,712,775
Projected benefit obligations Ìý Ìý Ìý
Projected benefit obligations, beginning of period 1,741,710 1,726,776 Ìý
Service cost 14,288 15,747 14,476
Interest cost 37,534 47,316 55,575
Participant contributions 5,026 4,434 Ìý
Actuarial (gain) loss (117,214) 40,264 Ìý
Benefits paid (118,389) (101,753) Ìý
Plan amendments 0 (3,098) Ìý
Curtailments 0 (729) Ìý
Currency translation (5,240) 12,753 Ìý
Projected benefit obligations, end of period 1,557,715 1,741,710 $ 1,726,776
Funded status, end of period 85,720 13,704 Ìý
Amounts included in Consolidated Balance Sheets: Ìý Ìý Ìý
Other assets (Note 11) 213,820 197,484 Ìý
Accrued liabilities (Note 13) (16,927) (17,030) Ìý
Other liabilities (Note 15) (111,173) (166,750) Ìý
Funded status 85,720 13,704 Ìý
Accumulated other comprehensive loss, pretax: Ìý Ìý Ìý
Net deferred actuarial losses 326,929 358,916 Ìý
Net deferred prior service credits (4,204) (4,588) Ìý
Total accumulated other comprehensive loss, pretax 322,725 354,328 Ìý
Accumulated benefit obligations $ 1,539,593 $ 1,710,678 Ìý
Weighted average actuarial assumptions used to determine pension obligations: Ìý Ìý Ìý
Discount rate 3.65% 294.00% Ìý
Rate of compensation increase 1.95% 230.00% Ìý