Annual report pursuant to Section 13 and 15(d)

RETIREMENT AND SAVINGS BENEFIT PLANS - Components of Pension Cost and Income (Details)

v3.22.1
RETIREMENT AND SAVINGS BENEFIT PLANS - Components of Pension Cost and Income (Details) - Pension Plan - USD ($)
$ in Thousands
 12 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Mar. 28, 2020
Defined Benefit Plan Disclosure [Line Items]      
Service cost — benefits earned during the period $ 14,288 $ 15,747 $ 14,476
Interest cost on projected benefit obligations 37,534 47,316 55,575
Expected return on plan assets (77,432) (83,107) (91,309)
Settlement charges 7,466 1,584 27,443
Curtailments 0 920 0
Transfers to Kontoor Brands 0 0 668
Amortization of deferred amounts:      
Net deferred actuarial losses 11,310 11,911 14,848
Deferred prior service costs (credits) (440) (81) 1,887
Net periodic pension cost (income) $ (7,274) $ (5,710) $ 23,588
Weighted average actuarial assumptions used to determine pension cost (income):      
Discount rate in effect for determining service cost 0.46% 1.32% 1.46%
Discount rate in effect for determining interest cost 2.16% 2.82% 3.20%
Expected long-term return on plan assets 4.53% 4.97% 5.40%
Rate of compensation increase 2.01% 2.04% 2.74%