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

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity 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-20210102.htm

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

v3.20.4

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. 02, 2021	Dec. 28, 2019
Amount included in the statements of operations:
Net pension costs	$ 1,027	$ 680
Actuarial assumptions used to determine pension expense:
Discount rate in effect for determining service cost	0.68%	1.28%
Rate of inflation	1.80%	1.80%
Expected long-term return on plan assets	3.00%	3.00%
Rate of compensation increase	3.00%	3.00%
Amount included in the balance sheets:
Projected benefit obligations	$ 22,764	$ 20,651
Fair value of plan assets	8,708	7,427
Funded status - recorded in other liabilities (Note 11)	14,056	13,224
Accumulated other comprehensive loss, pretax - net deferred amounts	$ (2,519)	$ (3,068)
Actuarial assumptions used to determine pension obligation:
Discount rate	0.64%	0.68%
Rate of compensation increase	2.90%	3.00%
Accumulated benefit obligations	$ 13,342	$ 11,636

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