Other Liabilities

The components of the “Other Liabilities – Other” balance in our Consolidated Balance Sheets were as follows:



(In thousands)	December 25, 2011		December 26, 2010
Deferred compensation	$	75,394	$	87,102
Other liabilities	102,323		130,373
Total	$	177,717	$	217,475

Deferred compensation consists primarily of deferrals under our deferred executive compensation plan (the “DEC Plan”). The DEC plan enables certain eligible executives to elect to defer a portion of their compensation on a pre-tax basis. While the initial deferral period is for a minimum of 2 years up to a maximum of 15 years (after which time taxable distributions must begin), the executive has the option to extend the deferral period. Employees’ contributions earn income based on the performance of investment funds they select.

We invest deferred compensation in life insurance products designed to closely mirror the performance of the investment funds that the participants select. Our investments in life insurance products are included in “Miscellaneous assets” in our Consolidated Balance Sheets, and were $75.4 million as of December 25, 2011 and $88.6 million as of December 26, 2010.

Other liabilities in the preceding table primarily included our contingent tax liability as of December 25, 2011 and December 26, 2010.