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Annual report [Section 13 and 15(d), not S-K Item 405]

OTHER LIABILITIES

v3.25.1
OTHER LIABILITIES
 12 Months Ended
Mar. 29, 2025
Other Liabilities Disclosure [Abstract] Ìý
OTHER LIABILITIES OTHER LIABILITIES
(In thousands) March 2025 March 2024
Income taxes $ 417,186Ìý $ 355,576Ìý
Pension liabilities (Note 17)
 77,688Ìý 78,628Ìý
Deferred compensation (Note 17)
 63,007Ìý 81,103Ìý
Product warranty claims 49,885Ìý 48,373Ìý
Deferred income taxes (Note 20)
 14,551Ìý 9,972Ìý
Derivative financial instruments (Note 25)
 10,193Ìý 4,656Ìý
Other 54,982Ìý 57,782Ìý
Other liabilities $ 687,492Ìý $ 636,090Ìý
Ìý
±«ÓãÖ±²¥ accrues warranty costs, as cost of goods sold, at the time revenue is recognized. Product warranty costs are estimated based on historical experience and specific identification of the product requirements, which may fluctuate based on product mix. Activity relating to accrued product warranty claims is summarized as follows:
Year Ended March
(In thousands) 2025 2024 2023
Balance, beginning of year $ 61,266Ìý $ 52,419Ìý $ 53,487Ìý
Accrual for products sold during the year 14,053Ìý 22,555Ìý 11,086Ìý
Repair or replacement costs incurred and other (12,516) (13,658) (12,024)
Currency translation 10Ìý (50) (130)
Balance, end of year 62,813Ìý 61,266Ìý 52,419Ìý
Less current portion (Note 14)
 12,928Ìý 12,893Ìý 11,308Ìý
Long-term portion $ 49,885Ìý $ 48,373Ìý $ 41,111Ìý