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Annual report pursuant to Section 13 and 15(d)

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

v3.23.1
RETIREMENT AND SAVINGS BENEFIT PLANS - Schedule of Reconciliation of Changes in Fair Value of Defined Benefit Plan Assets and Projected Benefit Obligations (Details) - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Apr. 01, 2023
Apr. 02, 2022
Apr. 03, 2021
Projected benefit obligations Ìý Ìý Ìý Ìý
Settlement $ (330,000) Ìý Ìý Ìý
Amounts included in Consolidated Balance Sheets: Ìý Ìý Ìý Ìý
Other assets (Note 11) Ìý $ 183,929 $ 213,820 Ìý
Accrued liabilities (Note 13) Ìý (20,727) (16,927) Ìý
Other liabilities (Note 15) Ìý (72,825) (111,173) 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 1,643,435 1,755,414 Ìý
Actual return on plan assets Ìý (146,068) (26,855) Ìý
±«ÓãÖ±²¥ contributions Ìý 22,683 34,035 Ìý
Participant contributions Ìý 5,035 5,026 Ìý
Settlement Ìý (328,412) 0 Ìý
Benefits paid Ìý (79,865) (118,389) Ìý
Currency translation Ìý (5,098) (5,796) Ìý
Fair value of plan assets, end of period Ìý 1,111,710 1,643,435 $ 1,755,414
Projected benefit obligations Ìý Ìý Ìý Ìý
Projected benefit obligations, beginning of period Ìý 1,557,715 1,741,710 Ìý
Service cost Ìý 10,632 14,288 15,747
Interest cost Ìý 44,732 37,534 47,316
Participant contributions Ìý 5,035 5,026 Ìý
Actuarial gain Ìý (183,536) (117,214) Ìý
Settlement Ìý (328,412) 0 Ìý
Benefits paid Ìý (79,865) (118,389) Ìý
Plan amendments Ìý (478) 0 Ìý
Currency translation Ìý (4,490) (5,240) Ìý
Projected benefit obligations, end of period Ìý 1,021,333 1,557,715 $ 1,741,710
Funded status, end of period Ìý 90,377 85,720 Ìý
Amounts included in Consolidated Balance Sheets: Ìý Ìý Ìý Ìý
Other assets (Note 11) Ìý 183,929 213,820 Ìý
Accrued liabilities (Note 13) Ìý (20,727) (16,927) Ìý
Other liabilities (Note 15) Ìý (72,825) (111,173) Ìý
Funded status Ìý 90,377 85,720 Ìý
Accumulated other comprehensive loss, pretax: Ìý Ìý Ìý Ìý
Net deferred actuarial losses Ìý 241,864 326,929 Ìý
Net deferred prior service credits Ìý (4,286) (4,204) Ìý
Total accumulated other comprehensive loss, pretax Ìý 237,578 322,725 Ìý
Accumulated benefit obligations Ìý $ 1,005,159 $ 1,539,593 Ìý
Weighted average actuarial assumptions used to determine pension obligations: Ìý Ìý Ìý Ìý
Discount rate Ìý 4.89% 3.65% Ìý
Rate of compensation increase Ìý 2.15% 1.95% Ìý