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OTHER LIABILITIES | 12 Months Ended
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Mar. 30, 2019
Other Liabilities Disclosure [Abstract] |
OTHER LIABILITIES | OTHER LIABILITIES
(In thousands) |  | March 2019 |  |  | March 2018 |  | December 2017
Deferred income taxes (Note 18) |  | $ | 68,864 |  |  |  | $ | 40,887 |  |  | $ | 58,036 |
Deferred compensation (Note 15) |  | 181,110 |  |  |  | 198,780 |  |  | 201,116 |
Income taxes |  | 629,176 |  |  |  | 632,321 |  |  | 628,713 |
Pension liabilities (Note 15) |  | 174,982 |  |  |  | 176,582 |  |  | 189,191 |
Deferred rent credits |  | 96,276 |  |  |  | 87,267 |  |  | 85,857 |
Product warranty claims |  | 49,301 |  |  |  | 49,689 |  |  | 49,733 |
Derivative financial instruments (Note 23) |  | 3,747 |  |  |  | 10,087 |  |  | 12,833 |
Other |  | 77,325 |  |  |  | 76,217 |  |  | 81,234 |
Other liabilities |  | $ | 1,280,781 |  |  |  | $ | 1,271,830 |  |  | $ | 1,306,713 |
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:
|  | Year Ended March |  |  | Three Months Ended March (Transition Period) |  | Year Ended December
(In thousands) |  | 2019 |  |  | 2018 |  | 2017 |  | 2016
Balance, beginning of year |  | $ | 62,551 |  |  |  | $ | 62,566 |  |  | $ | 62,872 |  |  | $ | 63,114 |
Accrual for products sold during the year |  | 13,082 |  |  |  | 3,828 |  |  | 10,584 |  |  | 12,022 |
Repair or replacement costs incurred |  | (12,778 | ) |  |  | (4,126 | ) |  | (12,654 | ) |  | (11,956 | )
Currency translation |  | (936 | ) |  |  | 283 |  |  | 1,764 |  |  | (308 | )
Balance, end of year |  | 61,919 |  |  |  | 62,551 |  |  | 62,566 |  |  | 62,872 |
Less current portion (Note 12) |  | 12,618 |  |  |  | 12,862 |  |  | 12,833 |  |  | 12,993 |
Long-term portion |  | $ | 49,301 |  |  |  | $ | 49,689 |  |  | $ | 49,733 |  |  | $ | 49,879 |

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- Definition The entire disclosure for other liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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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