Kontoor Brands, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details
Uncategorized
- Uncategorized Items - ktb-20220101.htm

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

v3.22.0.1

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
	Jan. 01, 2022	Jan. 02, 2021	Dec. 28, 2019
Amounts included in the statements of operations:
Net pension costs	$ 866	$ 1,027	$ 680
Actuarial assumptions used to determine pension expense:
Discount rate in effect for determining service cost	0.64%	0.68%	1.28%
Rate of inflation	1.70%	1.80%	1.80%
Expected long-term return on plan assets	3.00%	3.00%	3.00%
Rate of compensation increase	2.90%	3.00%	3.00%
Amounts included in the balance sheets:
Projected benefit obligations	$ 22,935	$ 22,764
Fair value of plan assets	9,250	8,708
Funded status - recorded in other liabilities (Note 11)	13,685	14,056
Accumulated other comprehensive loss, pretax - net deferred amounts	$ (2,904)	$ (2,519)
Actuarial assumptions used to determine pension obligations:
Discount rate	0.64%	0.64%
Rate of compensation increase	2.90%	2.90%
Accumulated benefit obligations	$ 13,514	$ 13,342

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