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)

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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        
Settlement $ (330,000)      
Amounts included in Consolidated Balance Sheets:        
Other assets (Note 11)   $ 183,929 $ 213,820  
Accrued liabilities (Note 13)   (20,727) (16,927)  
Other liabilities (Note 15)   (72,825) (111,173)  
Pension Plan        
Fair value of plan assets        
Fair value of plan assets, beginning of period   1,643,435 1,755,414  
Actual return on plan assets   (146,068) (26,855)  
VF contributions   22,683 34,035  
Participant contributions   5,035 5,026  
Settlement   (328,412) 0  
Benefits paid   (79,865) (118,389)  
Currency translation   (5,098) (5,796)  
Fair value of plan assets, end of period   1,111,710 1,643,435 $ 1,755,414
Projected benefit obligations        
Projected benefit obligations, beginning of period   1,557,715 1,741,710  
Service cost   10,632 14,288 15,747
Interest cost   44,732 37,534 47,316
Participant contributions   5,035 5,026  
Actuarial gain   (183,536) (117,214)  
Settlement   (328,412) 0  
Benefits paid   (79,865) (118,389)  
Plan amendments   (478) 0  
Currency translation   (4,490) (5,240)  
Projected benefit obligations, end of period   1,021,333 1,557,715 $ 1,741,710
Funded status, end of period   90,377 85,720  
Amounts included in Consolidated Balance Sheets:        
Other assets (Note 11)   183,929 213,820  
Accrued liabilities (Note 13)   (20,727) (16,927)  
Other liabilities (Note 15)   (72,825) (111,173)  
Funded status   90,377 85,720  
Accumulated other comprehensive loss, pretax:        
Net deferred actuarial losses   241,864 326,929  
Net deferred prior service credits   (4,286) (4,204)  
Total accumulated other comprehensive loss, pretax   237,578 322,725  
Accumulated benefit obligations   $ 1,005,159 $ 1,539,593  
Weighted average actuarial assumptions used to determine pension obligations:        
Discount rate   4.89% 3.65%  
Rate of compensation increase   2.15% 1.95%