Other Current Liabilities and Other Liabilities (Tables)

9 Months Ended

Sep. 23, 2016

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

Other Liabilities

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

Changes in Company's Accrued Product Warranty Costs

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.