Other Liabilities

6 Months Ended

Jul. 02, 2017

12.Other Liabilities

Other liabilities consisted of the following:

(in thousands)	July 2, 2017		January 1, 2017
Non-current portion of acquisition related contingent consideration	$	299,528	$	237,655
Accruals for executive benefit plans		124,798		123,078
Non-current deferred proceeds from conversion of Legacy Territories bottling agreements		88,592		-
Other		19,652		17,839
Total other liabilities	$	532,570	$	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 fee from CCR, which was subject to a final adjustment. During the second quarter of 2017, the fee was finalized and increased by $4.4 million, for a total of $91.5 million. The total fee was recorded as a deferred liability and will be amortized as a reduction to cost of sales over a period of 40 years. On July 2, 2017, $2.3 million of this fee was recorded in accrued liabilities, $88.6 million of this fee was recorded to other liabilities and $0.6 million was amortized on the consolidated condensed financial statements.