Other Current Liabilities and Other Liabilities

9 Months Ended

Sep. 23, 2016

Other Current Liabilities and Other Liabilities

9. Other Current Liabilities and Other Liabilities

The table below presents the components of other current liabilities.


	September 23, 2016		December 31, 2015
	(in millions)
Other Current Liabilities:
Estimated costs in excess of estimated contract value to complete contracts in process in a loss position	$	84	$	82
Accrued product warranty costs		73		70
Accrued interest		43		45
Deferred revenues		39		32
Accruals for pending and threatened litigation (see Note 18)		15		6
Product returns allowance (see Note 2)		8		20
Other		142		139

Total other current liabilities	$	404	$	394

The table below presents the components of other liabilities.


	September 23, 2016		December 31, 2015
	(in millions)
Other Liabilities:
Non-current income taxes payable (see Note 11)	$	117	$	161
Deferred compensation		48		45
Accrued product warranty costs		36		35
Accrued workers’ compensation		34		38
Notes payable and capital lease obligations		11		10
Other		80		79

Total other liabilities	$	326	$	368

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


	Year-to-Date Ended
	September 23, 2016			September 25, 2015
	(in millions)
Accrued product warranty costs:⁽¹⁾
Balance at January 1	$	105		$	93
Acquisitions during the period		—			1
Accruals for product warranties issued during the period		38			46
Settlements made during the period		(33	)		(46	)
Foreign currency translation adjustments		(1	)		(1	)

Balance at end of period	$	109		$	93

⁽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.