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Annual report pursuant to Section 13 and 15(d)

OTHER LIABILITIES (Tables)

v3.21.1
OTHER LIABILITIES (Tables)
12 Months Ended
Apr. 03, 2021
Other Liabilities Disclosure [Abstract] Ìý
Components of Other Liabilities
(In thousands) March 2021 March 2020
Deferred income taxes (Note 19) $ 342,712Ìý $ 161,371Ìý
Deferred compensation (Note 16) 139,750Ìý 104,510Ìý
Income taxes 553,684Ìý 578,298Ìý
Contingent consideration (Note 3) 207,000Ìý —Ìý
Pension liabilities (Note 16) 166,750Ìý 170,507Ìý
Product warranty claims 48,691Ìý 47,534Ìý
Derivative financial instruments (Note 24) 7,904Ìý 3,153Ìý
Other 75,287Ìý 57,740Ìý
Other liabilities $ 1,541,778Ìý $ 1,123,113Ìý
Schedule of Product Warranty Liability Activity relating to accrued product warranty claims is summarized as follows:
Year Ended March
(In thousands) 2021 2020 2019
Balance, beginning of year $ 60,124Ìý $ 61,919Ìý $ 62,551Ìý
Accrual for products sold during the year 13,844Ìý 11,283Ìý 13,082Ìý
Repair or replacement costs incurred (12,386) (11,079) (12,778)
Currency translation 505Ìý (1,999) (936)
Balance, end of year 62,087Ìý 60,124Ìý 61,919Ìý
Less current portion (Note 13) 13,396Ìý 12,590Ìý 12,618Ìý
Long-term portion $ 48,691Ìý $ 47,534Ìý $ 49,301Ìý