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Other Liabilities
 12 Months Ended
Dec. 31, 2024
Other Liabilities Disclosure [Abstract]  
Other Liabilities Other Liabilities
Other liabilities consisted of the following:

(in thousands)December 31, 2024December 31, 2023
Noncurrent portion of acquisition related contingent consideration$590,209 $604,809 
Accruals for executive benefit plans163,444 153,428 
Noncurrent deferred proceeds from related parties97,112 100,176 
Other8,794 8,086 
Total other liabilities$859,559 $866,499 

In 2017, The Coca‑Cola Company agreed to provide the Company a fee to compensate the Company for the net economic impact of changes made by The Coca‑Cola Company to the authorized pricing on sales of covered beverages produced at certain manufacturing plants owned by the Company (the “Legacy Facilities Credit”), which was recorded as a deferred liability and will be amortized as a reduction to cost of sales over a period of 40 years.

Also in 2017, upon the conversion of the Company’s then-existing bottling agreements pursuant to the CBA, the Company received a fee from CCR (the “Territory Conversion Fee”), which was recorded as a deferred liability and will be amortized as a reduction to cost
of sales over a period of 40 years. Together, the Legacy Facilities Credit and the Territory Conversion Fee are “deferred proceeds from related parties.”