14.Other Liabilities

Other liabilities consisted of the following:

(in thousands)	July 1, 2018		December 31, 2017
Non-current portion of acquisition related contingent consideration	$	349,047	$	357,952
Accruals for executive benefit plans		126,521		125,791
Non-current deferred proceeds from Territory Conversion Fee		86,306		87,449
Non-current deferred proceeds from Legacy Facilities Credit⁽¹⁾		29,498		29,881
Other		17,697		19,506
Total other liabilities	$	609,069	$	620,579

⁽¹⁾

In December 2017, The Coca‑Cola Company agreed to provide the Company a one-time fee of $43.0 million (the “Legacy Facilities Credit”) to compensate for the net economic impact of changes made by The Coca‑Cola Company to the authorized pricing on sales of covered beverages produced at the manufacturing facilities owned by Company prior to the System Transformation and sold to The Coca‑Cola Company and certain U.S. Coca‑Cola bottlers of new pricing mechanisms included in the regional manufacturing agreement entered into by the Company and The Coca‑Cola Company on March 31, 2017, as amended. The Company immediately recognized the portion of the Legacy Facilities Credit applicable to a regional manufacturing facility in Mobile, Alabama which the Company transferred to CCR as part of the CCR Exchange Transaction. The remaining balance of the Legacy Facilities Credit will be amortized as a reduction to cost of sales over a period of 40 years.