10-K FY 2022 FINAL MOOG Inc - Flipbook - Page 61
Table of Contents
Maturities of long-term debt are:
2023
Long-term debt maturities
$
2024
916 $
20,000 $
2025
2026
321,300 $
2027
— $
Thereafter
— $
500,000
At October 1, 2022, we had pledged assets with a net book value of $1,485,188 as security for long-term debt.
At October 1, 2022, we had $787,530 of unused short and long-term borrowing capacity, including $762,313 from the
U.S. revolving credit facility.
Commitment fees are charged on some of these arrangements and on the U.S. revolving credit facility based on a
percentage of the unused amounts available and are not material.
Note 10 - Other Accrued Liabilities
Other accrued liabilities consists of:
October 1,
2022
$
56,136
46,547
23,072
17,776
71,845
$
215,376
Employee benefits
Contract reserves
Warranty accrual
Accrued income taxes
Other
Other accrued liabilities
October 2,
2021
$
54,146
58,857
26,602
12,908
59,492
$
212,005
Activity in the warranty accrual is summarized as follows:
Warranty accrual at beginning of period
Additions from acquisitions
Warranties issued during current period
Adjustments to pre-existing warranties
Reductions for settling warranties
Divestiture adjustment
Foreign currency translation
Warranty accrual at end of period
$
$
61
2022
26,602 $
—
9,227
(764)
(10,366)
(618)
(1,009)
23,072 $
2021
27,707 $
990
13,937
(519)
(15,630)
—
117
26,602 $
2020
28,061
767
14,820
(1,779)
(14,656)
—
494
27,707