8. Other Current Liabilities and Other Liabilities

The table below presents the components of other current liabilities.


	March 29, 2013		December 31, 2012
	(in millions)
Other Current Liabilities:
Accruals for pending and threatened litigation (see Note 17)	$	10	$	7
Accrued product warranty costs		73		75
Estimated costs in excess of estimated contract value to complete contracts in process in a loss position		86		92
Accrued interest		47		53
Deferred revenues		39		37
Estimated contingent purchase price payable for acquired businesses		4		4
Other		139		130

Total other current liabilities	$	398	$	398

The table below presents the components of other liabilities.


	March 29, 2013		December 31, 2012
	(in millions)
Other Liabilities:
Non-current income taxes payable (see Note 10)	$	140	$	137
Deferred compensation		46		43
Accrued workers’ compensation		55		57
Estimated contingent purchase price payable for acquired businesses		5		5
Notes payable and capital lease obligations		22		24
Accrued product warranty costs		18		18
Other		72		89

Total other liabilities	$	358	$	373

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


	First Quarter Ended
	March 29, 2013			March 30, 2012
	(in millions)
Accrued product warranty costs:⁽¹⁾
Balance at January 1	$	93		$	94
Acquisitions during the period		—			2
Accruals for product warranties issued during the period		19			16
Settlements made during the period		(20	)		(17	)
Foreign currency translation adjustments		(1	)		1

Balance at end of period	$	91		$	96

⁽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.