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OTHER LIABILITIES | 12 Months Ended
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Mar. 30, 2024
Other Liabilities Disclosure [Abstract] |
OTHER LIABILITIES | OTHER LIABILITIES
(In thousands) |  | March 2024 |  |  | March 2023
Income taxes |  | $ | 356,099 |  |  |  | $ | 273,955 |
Deferred compensation (Note 17) |  | 81,103 |  |  |  | 77,428 |
Pension liabilities (Note 17) |  | 78,628 |  |  |  | 72,825 |
Product warranty claims |  | 48,373 |  |  |  | 41,111 |
Deferred income taxes (Note 20) |  | 10,080 |  |  |  | 107,546 |
Derivative financial instruments (Note 25) |  | 4,656 |  |  |  | 12,658 |
Other |  | 59,538 |  |  |  | 65,531 |
Other liabilities |  | $ | 638,477 |  |  |  | $ | 651,054 |
VF 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) |  | 2024 |  |  | 2023 |  | 2022
Balance, beginning of year |  | $ | 52,419 |  |  |  | $ | 53,487 |  |  | $ | 62,087 |
Accrual for products sold during the year |  | 22,555 |  |  |  | 11,086 |  |  | 8,815 |
Repair or replacement costs incurred and other |  | (13,658) |  |  |  | (12,024) |  |  | (17,025) |
Currency translation |  | (50) |  |  |  | (130) |  |  | (390) |
Balance, end of year |  | 61,266 |  |  |  | 52,419 |  |  | 53,487 |
Less current portion (Note 14) |  | 12,893 |  |  |  | 11,308 |  |  | 11,742 |
Long-term portion |  | $ | 48,373 |  |  |  | $ | 41,111 |  |  | $ | 41,745 |

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- Definition The entire disclosure for other liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20,24) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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