Other Current Liabilities and Other Liabilities (Tables)

9 Months Ended

Sep. 29, 2017

Other Current Liabilities and Other Liabilities [Abstract]

The table below presents the components of other current liabilities.

	September 29, 2017		December 31, 2016
	(in millions)
Other Current Liabilities:
Accrued product warranty costs	$	65	$	68
Estimated costs in excess of estimated contract value to complete contracts in process in a loss position		63		70
Accrued interest		47		43
Deferred revenues		40		34
Accruals for pending and threatened litigation⁽¹⁾		1		51
Product returns allowance⁽²⁾		1		5
Other		149		160
Total other current liabilities	$	366	$	431

⁽¹⁾

The year ended December 31, 2016 included $14 million in connection with the EoTech matter and $34.5 million in connection with the securities class action (see Note 18).

⁽²⁾

On March 23, 2017, the Company ended the voluntary return program for various EoTech holographic weapons sight products in connection with the settlement of the class action lawsuit. On July 7, 2017, the court granted final approval of the settlement (see Note 18).

Other Liabilities

The table below presents the components of other liabilities.

	September 29, 2017		December 31, 2016
	(in millions)
Other Liabilities:
Non-current income taxes payable (see Note 11)	$	131	$	124
Deferred compensation		49		47
Estimated contingent purchase price payable for acquired businesses (see Note 5)		40		29
Accrued product warranty costs		30		41
Accrued workers’ compensation		27		30
Notes payable and capital lease obligations		16		13
Other		92		84
Total other liabilities	$	385	$	368

Changes in Company's Accrued Product Warranty Costs

The table below presents the changes in the Company’s accrued product warranty costs.

	Year-to-Date Ended
	September 29, 2017			September 23, 2016
	(in millions)
Accrued product warranty costs:⁽¹⁾
Balance at January 1	$	109		$	105
Acquisitions during the period		3			—
Accruals for product warranties issued during the period		34			38
Settlements made during the period		(52	)		(33	)
Foreign currency translation adjustments		1			(1	)
Balance at end of period	$	95		$	109

⁽¹⁾

Warranty obligations incurred in connection with long-term production contracts that are accounted for under the POC cost-to-cost method are included within the contract estimates at completion and are excluded from the above amounts. The balances above include both the current and non-current amounts.