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OTHER LIABILITIES | 12 Months Ended
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Mar. 28, 2020
Other Liabilities Disclosure [Abstract] |
OTHER LIABILITIES | 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 |
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) |  | 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 |

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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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