Annual report pursuant to Section 13 and 15(d)

OTHER LIABILITIES (Tables)

v3.20.1
OTHER LIABILITIES (Tables)
 12 Months Ended
Mar. 28, 2020
Other Liabilities Disclosure [Abstract]  
Schedule of Other Liabilities
(In thousands)
 
March 2020
 
 
March 2019
Deferred income taxes (Note 19)
 
$
161,371

 
 
$
107,997

Deferred compensation (Note 16)
 
104,510

 
 
143,069

Income taxes
 
578,298

 
 
613,332

Pension liabilities (Note 16)
 
170,507

 
 
163,963

Deferred rent credits
 
—

 
 
90,672

Product warranty claims
 
47,534

 
 
49,301

Derivative financial instruments (Note 24)
 
3,153

 
 
3,747

Other
 
57,740

 
 
62,800

Other liabilities
 
$
1,123,113

 
 
$
1,234,881


Activity Relating to Accrued Product Warranty Claims Activity relating to accrued product warranty claims is summarized as follows:
 
 
Year Ended March
 
Three Months
Ended March
(Transition Period)
 
Year Ended December
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
2020
 
 
2019
 
2018
 
2017
Balance, beginning of year
 
$
61,919

 
 
$
62,551

 
$
62,566

 
$
62,872

Accrual for products sold during the year
 
11,283

 
 
13,082

 
3,828

 
10,584

Repair or replacement costs incurred
 
(11,079
)
 
 
(12,778
)
 
(4,126
)
 
(12,654
)
Currency translation
 
(1,999
)
 
 
(936
)
 
283

 
1,764

Balance, end of year
 
60,124

 
 
61,919

 
62,551

 
62,566

Less current portion (Note 13)
 
12,590

 
 
12,618

 
12,862

 
12,833

Long-term portion
 
$
47,534

 
 
$
49,301

 
$
49,689

 
$
49,733