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OTHER LIABILITIES
 12 Months Ended
Apr. 01, 2023
Other Liabilities Disclosure [Abstract]  
OTHER LIABILITIES OTHER LIABILITIES
(In thousands)March 2023March 2022
Income taxes$273,955 $394,472 
Deferred income taxes (Note 19)107,546 150,401 
Deferred compensation (Note 16)77,428 114,380 
Pension liabilities (Note 16)72,825 111,173 
Product warranty claims41,111 41,745 
Derivative financial instruments (Note 24)12,658 3,456 
Other65,531 72,809 
Other liabilities$651,054 $888,436 
 
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)202320222021
Balance, beginning of year$53,487 $62,087 $60,124 
Accrual for products sold during the year11,086 8,815 13,844 
Repair or replacement costs incurred and other(12,024)(17,025)(12,386)
Currency translation(130)(390)505 
Balance, end of year52,419 53,487 62,087 
Less current portion (Note 13)11,308 11,742 13,396 
Long-term portion$41,111 $41,745 $48,691