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OTHER LIABILITIES | 12 Months Ended
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Mar. 29, 2025
Other Liabilities Disclosure [Abstract] |
OTHER LIABILITIES | OTHER LIABILITIES
(In thousands) |  | March 2025 |  |  | March 2024
Income taxes |  | $ | 417,186 |  |  |  | $ | 355,576 |
Pension liabilities (Note 17) |  | 77,688 |  |  |  | 78,628 |
Deferred compensation (Note 17) |  | 63,007 |  |  |  | 81,103 |
Product warranty claims |  | 49,885 |  |  |  | 48,373 |
Deferred income taxes (Note 20) |  | 14,551 |  |  |  | 9,972 |
Derivative financial instruments (Note 25) |  | 10,193 |  |  |  | 4,656 |
Other |  | 54,982 |  |  |  | 57,782 |
Other liabilities |  | $ | 687,492 |  |  |  | $ | 636,090 |
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) |  | 2025 |  |  | 2024 |  | 2023
Balance, beginning of year |  | $ | 61,266 |  |  |  | $ | 52,419 |  |  | $ | 53,487 |
Accrual for products sold during the year |  | 14,053 |  |  |  | 22,555 |  |  | 11,086 |
Repair or replacement costs incurred and other |  | (12,516) |  |  |  | (13,658) |  |  | (12,024) |
Currency translation |  | 10 |  |  |  | (50) |  |  | (130) |
Balance, end of year |  | 62,813 |  |  |  | 61,266 |  |  | 52,419 |
Less current portion (Note 14) |  | 12,928 |  |  |  | 12,893 |  |  | 11,308 |
Long-term portion |  | $ | 49,885 |  |  |  | $ | 48,373 |  |  | $ | 41,111 |

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