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OTHER LIABILITIES
 12 Months Ended
Mar. 30, 2024
Other Liabilities Disclosure [Abstract]  
OTHER LIABILITIES OTHER LIABILITIES
(In thousands)March 2024March 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 claims48,373 41,111 
Deferred income taxes (Note 20)10,080 107,546 
Derivative financial instruments (Note 25)4,656 12,658 
Other59,538 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)202420232022
Balance, beginning of year$52,419 $53,487 $62,087 
Accrual for products sold during the year22,555 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 year61,266 52,419 53,487 
Less current portion (Note 14)12,893 11,308 11,742 
Long-term portion$48,373 $41,111 $41,745