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)

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