±«ÓãÖ±²¥

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)

v3.24.1.1.u2
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
Mar. 30, 2024
Apr. 01, 2023
Apr. 02, 2022
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 $ 175,110 $ 183,929 Ìý
Accrued liabilities (Note 14) Ìý (6,597) (20,727) Ìý
Other liabilities (Note 16) Ìý (78,628) (72,825) Ìý
Weighted average actuarial assumptions used to determine pension obligations: Ìý Ìý Ìý Ìý
Settlement $ 330,000 Ìý Ìý 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 1,111,710 1,643,435 Ìý
Actual return on plan assets Ìý 17,332 (146,068) Ìý
±«ÓãÖ±²¥ contributions Ìý 30,167 22,683 Ìý
Participant contributions Ìý 5,447 5,035 Ìý
Settlement Ìý 0 (328,412) Ìý
Benefits paid Ìý (81,150) (79,865) Ìý
Currency translation Ìý 1,736 (5,098) Ìý
Fair value of plan assets, end of period Ìý 1,085,242 1,111,710 $ 1,643,435
Projected benefit obligations Ìý Ìý Ìý Ìý
Projected benefit obligations, beginning of period Ìý 1,021,333 1,557,715 Ìý
Service cost Ìý 8,924 10,632 14,288
Interest cost Ìý 47,079 44,732 37,534
Participant contributions Ìý 5,447 5,035 Ìý
Actuarial gain Ìý (7,518) (183,536) Ìý
Settlement Ìý 0 (328,412) Ìý
Benefits paid Ìý (81,150) (79,865) Ìý
Plan amendments Ìý (489) (478) Ìý
Currency translation Ìý 1,731 (4,490) Ìý
Projected benefit obligations, end of period Ìý 995,357 1,021,333 $ 1,557,715
Funded status, end of period Ìý 89,885 90,377 Ìý
Amounts included in Consolidated Balance Sheets: Ìý Ìý Ìý Ìý
Other assets (Note 11) Ìý 175,110 183,929 Ìý
Accrued liabilities (Note 14) Ìý (6,597) (20,727) Ìý
Other liabilities (Note 16) Ìý (78,628) (72,825) Ìý
Funded status Ìý 89,885 90,377 Ìý
Accumulated other comprehensive loss, pretax: Ìý Ìý Ìý Ìý
Net deferred actuarial losses Ìý 260,512 241,864 Ìý
Net deferred prior service credits Ìý (4,290) (4,286) Ìý
Total accumulated other comprehensive loss, pretax Ìý 256,222 237,578 Ìý
Accumulated benefit obligations Ìý $ 976,120 $ 1,005,159 Ìý
Weighted average actuarial assumptions used to determine pension obligations: Ìý Ìý Ìý Ìý
Discount rate Ìý 4.94% 4.89% Ìý
Rate of compensation increase Ìý 2.11% 2.15% Ìý
Settlement Ìý $ 0 $ 328,412 Ìý