Other Current Liabilities and Other Liabilities

3 Months Ended

Mar. 30, 2012

Other Current Liabilities and Other Liabilities [Abstract]

Other Current Liabilities and Other Liabilities

8.  Other Current Liabilities and Other Liabilities

The table below presents the components of other current liabilities.

	March 30, 2012		December 31, 2011
	(in millions)
Other Current Liabilities:
Accruals for pending and threatened litigation (see Note 16)	$	23	$	24
Accrued product warranty costs		89		90
Estimated costs in excess of estimated contract value to complete contracts in process in a loss position		67		78
Accrued interest		61		59
Deferred revenues		48		48
Other		109		108
Total other current liabilities	$	397	$	407

The table below presents the components of other liabilities.

	March 30, 2012		December 31, 2011
	(in millions)
Other Liabilities:
Non-current income taxes payable (see Note 10)	$	201	$	201
Deferred compensation		57		54
Accrued workers’ compensation		53		56
Estimated contingent purchase price payable for acquired businesses		16		16
Notes payable and capital lease obligations		10		10
Accrued product warranty costs		7		4
Other		100		95
Total other liabilities	$	444	$	436

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

	Year-to-Date Ended
	March 30, 2012			April 1, 2011
	(in millions)
Accrued product warranty costs: (1)
Balance at January 1	$	94		$	92
Acquisitions during the period		2			—
Accruals for product warranties issued during the period		16			18
Foreign currency translation adjustments		1			1
Settlements made during the period		(17	)		(19	)
Balance at end of period	$	96		$	92

⁽¹⁾  Warranty obligations incurred in connection with long-term production contracts that are accounted for under the percentage-of-completion 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.