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OTHER LIABILITIES | 12 Months Ended
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Dec. 30, 2017
Other Liabilities Disclosure [Abstract] |
OTHER LIABILITIES | OTHER LIABILITIES
(In thousands) |  | 2017 |  |  | 2016
Deferred income taxes (Note Q) |  | $ | 58,374 |  |  |  | $ | 147,281 |
Deferred compensation (Note N) |  | 201,116 |  |  |  | 196,942 |
Income taxes |  | 628,713 |  |  |  | 181,629 |
Pension liabilities (Note N) |  | 189,191 |  |  |  | 165,642 |
Deferred rent credits |  | 85,844 |  |  |  | 77,732 |
Product warranty claims |  | 49,733 |  |  |  | 49,879 |
Derivative financial instruments (Note V) |  | 12,833 |  |  |  | 7,000 |
Other |  | 79,809 |  |  |  | 59,720 |
Other liabilities |  | $ | 1,305,613 |  |  |  | $ | 885,825 |
VF accrues warranty costs 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:
(In thousands) |  | 2017 |  |  | 2016 |  | 2015
Balance, beginning of year |  | $ | 62,872 |  |  |  | $ | 63,114 |  |  | $ | 62,288 |
Accrual for products sold during the year |  | 10,584 |  |  |  | 12,022 |  |  | 16,673 |
Repair or replacement costs incurred |  | (12,654 | ) |  |  | (11,956 | ) |  | (14,136 | )
Currency translation |  | 1,764 |  |  |  | (308 | ) |  | (1,711 | )
Balance, end of year |  | 62,566 |  |  |  | 62,872 |  |  | 63,114 |
Less current portion (Note K) |  | 12,833 |  |  |  | 12,993 |  |  | 13,550 |
Long-term portion |  | $ | 49,733 |  |  |  | $ | 49,879 |  |  | $ | 49,564 |

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- Definition The entire disclosure for other liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20,24) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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