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OTHER LIABILITIES (Tables) | 12 Months Ended
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Apr. 02, 2022
Other Liabilities Disclosure [Abstract] |
Components of Other Liabilities |
(In thousands) |  | March 2022 |  |  | March 2021
Deferred income taxes (Note 19) |  | $ | 150,401 |  |  |  | $ | 342,712 |
Deferred compensation (Note 16) |  | 114,380 |  |  |  | 139,750 |
Income taxes |  | 394,472 |  |  |  | 553,684 |
Contingent consideration (Note 23) |  | — |  |  |  | 207,000 |
Pension liabilities (Note 16) |  | 111,173 |  |  |  | 166,750 |
Product warranty claims |  | 41,745 |  |  |  | 48,691 |
Derivative financial instruments (Note 24) |  | 3,456 |  |  |  | 7,904 |
Other |  | 72,809 |  |  |  | 75,287 |
Other liabilities |  | $ | 888,436 |  |  |  | $ | 1,541,778 |
Schedule of Product Warranty Liability | Activity relating to accrued product warranty claims is summarized as follows:
|  | Year Ended March
(In thousands) |  | 2022 |  |  | 2021 |  | 2020
Balance, beginning of year |  | $ | 62,087 |  |  |  | $ | 60,124 |  |  | $ | 61,919 |
Accrual for products sold during the year |  | 8,815 |  |  |  | 13,844 |  |  | 11,283 |
Repair or replacement costs incurred and other |  | (17,025) |  |  |  | (12,386) |  |  | (11,079) |
Currency translation |  | (390) |  |  |  | 505 |  |  | (1,999) |
Balance, end of year |  | 53,487 |  |  |  | 62,087 |  |  | 60,124 |
Less current portion (Note 13) |  | 11,742 |  |  |  | 13,396 |  |  | 12,590 |
Long-term portion |  | $ | 41,745 |  |  |  | $ | 48,691 |  |  | $ | 47,534 |

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123368208&loc=d3e12565-110249 + Details
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