Other Liabilities

3 Months Ended

Apr. 02, 2017

12.Other Liabilities

Other liabilities consisted of the following:

(in thousands)	April 2, 2017		January 1, 2017
Non-current portion of acquisition related contingent consideration	$	283,751	$	237,655
Accruals for executive benefit plans		126,756		123,078
Non-current deferred proceeds from conversion of Legacy Territory bottling agreements		84,890		-
Other		18,286		17,839
Total other liabilities	$	513,683	$	378,572

Pursuant to a territory conversion agreement entered into by the Company, The Coca‑Cola Company and CCR in September 2015 (as amended), upon the conversion of the Company’s bottling agreements to the Final CBA on March 31, 2017, the Company received a one-time $87.1 million fee from CCR. This was recorded as a deferred liability and will be amortized as a reduction to cost of sales over a period of 40 years. As of April 2, 2017, $2.2 million was recorded in accrued liabilities and $84.9 million was recorded to other liabilities on the consolidated financial statements.